CreBelFin: 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.
CreBelFin
Largest movements
- Receivables after one year +€296,866
up €296,866 (+3,680%), from €8,067 to €304,933
- Cash -€188,613
down €188,613 (-85.8%), from €219,875 to €31,262
mainly Receivables after one year (-€296,866) and Receivables within one year (-€27,556)
- Receivables within one year +€27,556
up €27,556 (+87.5%), from €31,507 to €59,063
- Tangible fixed assets -€23,928
down €23,928 (-31.4%), from €76,101 to €52,173
of which Furniture and vehicles: -€23,356
- Debts after one year +€90,723
up €90,723 (+290%), from €31,307 to €122,030
- Current portion of long-term debt +€23,688
up €23,688 (+152%), from €15,589 to €39,277
- Profit (loss) carried forward -€7,484
down €7,484 (-2.8%), from €271,162 to €263,678
- Gross operating margin -€37,289
down €37,289 (-73.3%), from €50,882 to €13,593
- Financial income +€9,253
up €9,253 (+550%), from €1,682 to €10,935
- Taxes -€8,578
down €8,578 (-82.9%), from €10,352 to €1,774
- Depreciation -€2,114
down €2,114 (-8.8%), from €24,042 to €21,928
- Other operating charges -€643
down €643 (-37.4%), from €1,720 to €1,077
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 | €340,752 | €449,990 | +€109,238 | +32.1% |
| Fixed assets | 21/28 | €78,383 | €54,455 | -€23,928 | -30.5% |
| Tangible fixed assets | 22/27 | €76,101 | €52,173 | -€23,928 | -31.4% |
| Furniture and vehicles | 24 | €51,238 | €27,882 | -€23,356 | -45.6% |
| Other tangible fixed assets | 26 | €24,863 | €24,292 | -€571 | -2.3% |
| Financial fixed assets | 28 | €2,282 | €2,282 | -€1 | 0.0% |
| Current assets | 29/58 | €262,369 | €395,535 | +€133,166 | +50.8% |
| Amounts receivable after more than one year | 29 | €8,067 | €304,933 | +€296,866 | +3,680% |
| Other amounts receivable | 291 | €8,067 | €304,933 | +€296,866 | +3,680% |
| Amounts receivable within one year | 40/41 | €31,507 | €59,063 | +€27,556 | +87.5% |
| Other amounts receivable | 41 | €31,507 | €59,063 | +€27,556 | +87.5% |
| Cash at bank and in hand | 54/58 | €219,875 | €31,262 | -€188,613 | -85.8% |
| Deferred charges and accrued income | 490/1 | €2,920 | €277 | -€2,644 | -90.5% |
| Total equity and liabilities | 10/49 | €340,752 | €449,990 | +€109,238 | +32.1% |
| Equity | 10/15 | €291,622 | €284,138 | -€7,484 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,162 | €263,678 | -€7,484 | -2.8% |
| Amounts payable | 17/49 | €49,130 | €165,852 | +€116,722 | +238% |
| Amounts payable after more than one year | 17 | €31,307 | €122,030 | +€90,723 | +290% |
| Financial debts | 170/4 | €31,307 | €122,030 | +€90,723 | +290% |
| Amounts payable within one year | 42/48 | €17,823 | €43,822 | +€25,999 | +146% |
| Current portion of amounts payable after more than one year | 42 | €15,589 | €39,277 | +€23,688 | +152% |
| Trade debts | 44 | - | €2,771 | +€2,771 | |
| Suppliers | 440/4 | - | €2,771 | +€2,771 | |
| Taxes, remuneration and social security | 45 | €2,234 | €1,774 | -€460 | -20.6% |
| Taxes | 450/3 | €2,234 | €1,774 | -€460 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,042 | €21,928 | -€2,114 | -8.8% |
| Other operating charges | 640/8 | €1,720 | €1,077 | -€643 | -37.4% |
| Non-recurring operating charges | 66A | - | €5,145 | +€5,145 | |
| Gross operating margin | 9900 | €50,882 | €13,593 | -€37,289 | -73.3% |
| Operating profit (loss) | 9901 | €25,120 | -€14,557 | -€39,677 | |
| Financial income | 75/76B | €1,682 | €10,935 | +€9,253 | +550% |
| Recurring financial income | 75 | €1,682 | €10,935 | +€9,253 | +550% |
| Financial charges | 65/66B | €2,319 | €2,089 | -€230 | -9.9% |
| Recurring financial charges | 65 | €2,319 | €2,089 | -€230 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €24,483 | -€5,711 | -€30,194 | |
| Income taxes | 67/77 | €10,352 | €1,774 | -€8,578 | -82.9% |
| Profit (loss) for the period | 9904 | €14,131 | -€7,484 | -€21,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,131 | -€7,484 | -€21,615 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.