CREBA-GROUP: 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.
CREBA-GROUP
Largest movements
- Receivables within one year +€10,670
up €10,670 (+16.3%), from €65,374 to €76,045
of which Other amounts receivable: +€28,182
- Receivables after one year -€7,810
down €7,810 (-7.2%), from €107,842 to €100,032
- Trade debts +€122,813
up €122,813 (+8,655%), from €1,419 to €124,232
- Profit (loss) carried forward -€99,641
down €99,641 (-48.9%), from €203,696 to €104,056
- Debts after one year -€13,417
down €13,417 (-10.3%), from €130,745 to €117,327
- Tax, wage and social debts -€8,741
down €8,741 (-40.4%), from €21,617 to €12,876
- Short-term financial debts -€5,506
down €5,506 (-87.0%), from €6,330 to €824
- Gross operating margin -€136,170
down €136,170, from €55,973 to -€80,197
- Taxes -€11,752
down €11,752 (-94.7%), from €12,415 to €664
- Other operating charges +€1,134
up €1,134 (+82.7%), from €1,371 to €2,506
- Financial charges -€985
down €985 (-10.7%), from €9,186 to €8,202
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,317 | €486,291 | -€4,025 | -0.8% |
| Fixed assets | 21/28 | €315,094 | €310,215 | -€4,880 | -1.5% |
| Tangible fixed assets | 22/27 | €189,974 | €185,095 | -€4,880 | -2.6% |
| Land and buildings | 22 | €180,249 | €177,883 | -€2,366 | -1.3% |
| Plant, machinery and equipment | 23 | €6,404 | €4,350 | -€2,055 | -32.1% |
| Furniture and vehicles | 24 | €3,321 | €2,862 | -€459 | -13.8% |
| Financial fixed assets | 28 | €125,120 | €125,120 | = | 0.0% |
| Current assets | 29/58 | €175,222 | €176,077 | +€854 | +0.5% |
| Amounts receivable after more than one year | 29 | €107,842 | €100,032 | -€7,810 | -7.2% |
| Other amounts receivable | 291 | €107,842 | €100,032 | -€7,810 | -7.2% |
| Amounts receivable within one year | 40/41 | €65,374 | €76,045 | +€10,670 | +16.3% |
| Trade receivables | 40 | €18,392 | €880 | -€17,512 | -95.2% |
| Other amounts receivable | 41 | €46,983 | €75,165 | +€28,182 | +60.0% |
| Deferred charges and accrued income | 490/1 | €2,006 | - | -€2,006 | |
| Total equity and liabilities | 10/49 | €490,317 | €486,291 | -€4,025 | -0.8% |
| Equity | 10/15 | €317,256 | €217,615 | -€99,641 | -31.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,159 | €101,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €101,159 | €101,159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €101,159 | €101,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,696 | €104,056 | -€99,641 | -48.9% |
| Amounts payable | 17/49 | €173,061 | €268,676 | +€95,615 | +55.2% |
| Amounts payable after more than one year | 17 | €130,745 | €117,327 | -€13,417 | -10.3% |
| Financial debts | 170/4 | €130,745 | €117,327 | -€13,417 | -10.3% |
| Amounts payable within one year | 42/48 | €42,316 | €151,349 | +€109,033 | +258% |
| Current portion of amounts payable after more than one year | 42 | €12,950 | €13,417 | +€467 | +3.6% |
| Financial debts | 43 | €6,330 | €824 | -€5,506 | -87.0% |
| Credit institutions | 430/8 | €6,330 | €824 | -€5,506 | -87.0% |
| Trade debts | 44 | €1,419 | €124,232 | +€122,813 | +8,655% |
| Suppliers | 440/4 | €1,419 | €124,232 | +€122,813 | +8,655% |
| Taxes, remuneration and social security | 45 | €21,617 | €12,876 | -€8,741 | -40.4% |
| Taxes | 450/3 | €21,617 | €12,876 | -€8,741 | -40.4% |
| Remuneration, social security and pensions | 62 | €6,603 | €6,498 | -€105 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,528 | €6,661 | +€133 | +2.0% |
| Other operating charges | 640/8 | €1,371 | €2,506 | +€1,134 | +82.7% |
| Gross operating margin | 9900 | €55,973 | -€80,197 | -€136,170 | |
| Operating profit (loss) | 9901 | €41,470 | -€95,861 | -€137,332 | |
| Financial income | 75/76B | €4,694 | €5,086 | +€392 | +8.4% |
| Recurring financial income | 75 | €4,694 | €5,086 | +€392 | +8.4% |
| Financial charges | 65/66B | €9,186 | €8,202 | -€985 | -10.7% |
| Recurring financial charges | 65 | €9,186 | €8,202 | -€985 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €36,978 | -€98,977 | -€135,954 | |
| Income taxes | 67/77 | €12,415 | €664 | -€11,752 | -94.7% |
| Profit (loss) for the period | 9904 | €24,562 | -€99,641 | -€124,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,562 | -€99,641 | -€124,203 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.