CRE8-IT: 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-IT
Largest movements
- Tangible fixed assets -€539,848
down €539,848 (-29.7%), from €1.8m to €1.3m
of which Land and buildings: -€547,861
- Cash +€42,427
up €42,427 (+2,400%), from €1,768 to €44,195
mainly Investment in fixed assets (net) (+€499,529) and Net result for the year (+€436,405)
- Debts after one year -€934,104
down €934,104 (-64.3%), from €1.5m to €518,010
of which Financial debts: -€520,278
- Reserves +€436,405
up €436,405 (+414%), from €105,419 to €541,824
of which Distributable reserves: +€436,405
- Tax, wage and social debts +€36,024
up €36,024 (+118%), from €30,436 to €66,460
of which Taxes: +€35,852
- Other debts -€35,493
down €35,493 (-20.0%), from €177,566 to €142,072
- Advances received +€30,000
new in 2025: €30,000
- Gross operating margin +€501,565
up €501,565 (+191%), from €263,281 to €764,846
- Taxes +€166,103
up €166,103 (+634%), from €26,181 to €192,284
- Depreciation -€52,636
down €52,636 (-56.6%), from €92,954 to €40,317
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,960,982 | €1,456,151 | -€504,831 | -25.7% |
| Fixed assets | 21/28 | €1,829,135 | €1,289,288 | -€539,847 | -29.5% |
| Tangible fixed assets | 22/27 | €1,819,073 | €1,279,225 | -€539,848 | -29.7% |
| Land and buildings | 22 | €1,811,782 | €1,263,922 | -€547,861 | -30.2% |
| Plant, machinery and equipment | 23 | - | €5,797 | +€5,797 | |
| Furniture and vehicles | 24 | €7,290 | €9,506 | +€2,216 | +30.4% |
| Financial fixed assets | 28 | €10,062 | €10,063 | +€1 | 0.0% |
| Current assets | 29/58 | €131,847 | €166,863 | +€35,016 | +26.6% |
| Amounts receivable after more than one year | 29 | €98,155 | €85,767 | -€12,389 | -12.6% |
| Other amounts receivable | 291 | €98,155 | €85,767 | -€12,389 | -12.6% |
| Amounts receivable within one year | 40/41 | €29,498 | €35,016 | +€5,518 | +18.7% |
| Other amounts receivable | 41 | €29,498 | €35,016 | +€5,518 | +18.7% |
| Cash at bank and in hand | 54/58 | €1,768 | €44,195 | +€42,427 | +2,400% |
| Deferred charges and accrued income | 490/1 | €2,426 | €1,886 | -€540 | -22.3% |
| Total equity and liabilities | 10/49 | €1,960,982 | €1,456,151 | -€504,831 | -25.7% |
| Equity | 10/15 | €124,019 | €560,424 | +€436,405 | +352% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,419 | €541,824 | +€436,405 | +414% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,867 | €12,867 | = | 0.0% |
| Distributable reserves | 133 | €90,692 | €527,097 | +€436,405 | +481% |
| Amounts payable | 17/49 | €1,836,962 | €895,727 | -€941,236 | -51.2% |
| Amounts payable after more than one year | 17 | €1,452,114 | €518,010 | -€934,104 | -64.3% |
| Financial debts | 170/4 | €1,038,288 | €518,010 | -€520,278 | -50.1% |
| Other amounts payable | 178/9 | €413,825 | - | -€413,825 | |
| Amounts payable within one year | 42/48 | €384,849 | €377,717 | -€7,132 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €125,780 | €107,433 | -€18,347 | -14.6% |
| Financial debts | 43 | €46,896 | €23,904 | -€22,992 | -49.0% |
| Credit institutions | 430/8 | €46,896 | €23,904 | -€22,992 | -49.0% |
| Trade debts | 44 | €4,172 | €7,849 | +€3,677 | +88.1% |
| Suppliers | 440/4 | €4,172 | €7,849 | +€3,677 | +88.1% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €30,436 | €66,460 | +€36,024 | +118% |
| Taxes | 450/3 | €20,002 | €55,853 | +€35,852 | +179% |
| Remuneration and social security | 454/9 | €10,434 | €10,607 | +€172 | +1.7% |
| Other amounts payable | 47/48 | €177,566 | €142,072 | -€35,493 | -20.0% |
| Non-recurring operating income | 76A | - | €461,942 | +€461,942 | |
| Remuneration, social security and pensions | 62 | €55,329 | €56,779 | +€1,451 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,954 | €40,317 | -€52,636 | -56.6% |
| Other operating charges | 640/8 | €7,460 | €4,162 | -€3,298 | -44.2% |
| Gross operating margin | 9900 | €263,281 | €764,846 | +€501,565 | +191% |
| Operating profit (loss) | 9901 | €107,539 | €663,587 | +€556,048 | +517% |
| Financial income | 75/76B | €3,104 | €4,037 | +€933 | +30.1% |
| Recurring financial income | 75 | €3,104 | €4,037 | +€933 | +30.1% |
| Financial charges | 65/66B | €39,436 | €38,935 | -€501 | -1.3% |
| Recurring financial charges | 65 | €39,436 | €38,935 | -€501 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €71,207 | €628,689 | +€557,482 | +783% |
| Income taxes | 67/77 | €26,181 | €192,284 | +€166,103 | +634% |
| Profit (loss) for the period | 9904 | €45,026 | €436,405 | +€391,378 | +869% |
| Profit (loss) for the period to be appropriated | 9905 | €45,026 | €436,405 | +€391,378 | +869% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.