CRE8: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CRE8
Largest movements
- Cash -€24,413
down €24,413 (-39.9%), from €61,119 to €36,706
mainly Debts after one year (-€50,144) and Trade debts (-€37,703)
- Receivables within one year -€12,679
down €12,679 (-37.3%), from €33,971 to €21,291
of which Trade receivables: -€12,679
- Intangible fixed assets -€7,329
down €7,329 (-19.4%), from €37,825 to €30,497
- Deferred charges and accrued income -€2,172
down €2,172 (-81.2%), from €2,673 to €502
- Tangible fixed assets -€1,516
down €1,516 (-96.7%), from €1,568 to €52
of which Furniture and vehicles: -€1,191
- Debts after one year -€50,144
down €50,144 (-19.3%), from €260,346 to €210,202
- Profit (loss) carried forward +€45,125
up €45,125 (+5.0%), from -€903,421 to -€858,296
- Trade debts -€37,703
down €37,703 (-72.8%), from €51,789 to €14,086
- Current portion of long-term debt -€5,486
down €5,486 (-5.2%), from €106,497 to €101,012
- Accrued charges and deferred income +€1,677
up €1,677 (+1.9%), from €86,133 to €87,810
- Staff costs -€93,546
down €93,546 (-43.2%), from €216,682 to €123,135
- Gross operating margin +€92,192
up €92,192 (+78.3%), from €117,675 to €209,867
- Financial charges +€3,014
up €3,014 (+12.1%), from €24,852 to €27,866
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,781 | €94,672 | -€48,109 | -33.7% |
| Fixed assets | 21/28 | €45,018 | €36,173 | -€8,845 | -19.6% |
| Intangible fixed assets | 21 | €37,825 | €30,497 | -€7,329 | -19.4% |
| Tangible fixed assets | 22/27 | €1,568 | €52 | -€1,516 | -96.7% |
| Plant, machinery and equipment | 23 | €377 | €52 | -€325 | -86.3% |
| Furniture and vehicles | 24 | €1,191 | €0 | -€1,191 | -100.0% |
| Financial fixed assets | 28 | €5,625 | €5,625 | = | 0.0% |
| Current assets | 29/58 | €97,764 | €58,499 | -€39,265 | -40.2% |
| Amounts receivable within one year | 40/41 | €33,971 | €21,291 | -€12,679 | -37.3% |
| Trade receivables | 40 | €33,971 | €21,291 | -€12,679 | -37.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €61,119 | €36,706 | -€24,413 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,673 | €502 | -€2,172 | -81.2% |
| Total equity and liabilities | 10/49 | €142,781 | €94,672 | -€48,109 | -33.7% |
| Equity | 10/15 | -€465,502 | -€420,377 | +€45,125 | +9.7% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €19,319 | €19,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,319 | €19,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€903,421 | -€858,296 | +€45,125 | +5.0% |
| Amounts payable | 17/49 | €608,283 | €515,049 | -€93,234 | -15.3% |
| Amounts payable after more than one year | 17 | €260,346 | €210,202 | -€50,144 | -19.3% |
| Financial debts | 170/4 | €260,346 | €210,202 | -€50,144 | -19.3% |
| Amounts payable within one year | 42/48 | €261,805 | €217,037 | -€44,767 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €106,497 | €101,012 | -€5,486 | -5.2% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €51,789 | €14,086 | -€37,703 | -72.8% |
| Suppliers | 440/4 | €51,789 | €14,086 | -€37,703 | -72.8% |
| Taxes, remuneration and social security | 45 | €28,519 | €26,940 | -€1,579 | -5.5% |
| Taxes | 450/3 | €13,645 | €19,625 | +€5,980 | +43.8% |
| Remuneration and social security | 454/9 | €14,874 | €7,315 | -€7,559 | -50.8% |
| Accrued charges and deferred income | 492/3 | €86,133 | €87,810 | +€1,677 | +1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €216,682 | €123,135 | -€93,546 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,812 | €11,845 | +€32 | +0.3% |
| Other operating charges | 640/8 | €1,117 | €1,313 | +€196 | +17.5% |
| Gross operating margin | 9900 | €117,675 | €209,867 | +€92,192 | +78.3% |
| Operating profit (loss) | 9901 | -€111,936 | €73,574 | +€185,510 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €24,852 | €27,866 | +€3,014 | +12.1% |
| Recurring financial charges | 65 | €24,852 | €27,866 | +€3,014 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€136,788 | €45,708 | +€182,496 | |
| Income taxes | 67/77 | €852 | €583 | -€269 | -31.6% |
| Profit (loss) for the period | 9904 | -€137,641 | €45,125 | +€182,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,641 | €45,125 | +€182,765 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.