CREBET: what changed
CREBET
Largest movements
- Receivables within one year -€36,836
down €36,836 (-41.1%), from €89,646 to €52,810
of which Other amounts receivable: -€50,413
- Receivables after one year -€35,000
down €35,000 (-30.4%), from €115,000 to €80,000
- Cash +€27,345
new in 2025: €27,345
mainly Receivables within one year (+€36,836) and Receivables after one year (+€35,000)
- Tangible fixed assets -€6,063
down €6,063 (-32.6%), from €18,622 to €12,559
of which Furniture and vehicles: -€9,650
- Reserves -€47,570
down €47,570 (-23.8%), from €199,984 to €152,414
- Tax, wage and social debts +€8,298
up €8,298 (+92.3%), from €8,988 to €17,286
- Short-term financial debts -€5,458
no longer reported in 2025 (was €5,458)
- Current portion of long-term debt -€4,609
no longer reported in 2025 (was €4,609)
- Debts after one year -€3,635
no longer reported in 2025 (was €3,635)
- Gross operating margin +€14,971
up €14,971 (+74.1%), from €20,215 to €35,186
- Write-downs +€4,841
no longer reported in 2025 (was -€4,841)
- Taxes +€3,772
up €3,772 (+48.1%), from €7,835 to €11,607
- Financial income +€2,034
up €2,034 (+59.0%), from €3,450 to €5,484
- Other operating charges +€712
up €712 (+647%), from €110 to €822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,140 | €183,017 | -€52,123 | -22.2% |
| Fixed assets | 21/28 | €19,522 | €13,459 | -€6,063 | -31.1% |
| Tangible fixed assets | 22/27 | €18,622 | €12,559 | -€6,063 | -32.6% |
| Plant, machinery and equipment | 23 | €558 | €4,635 | +€4,077 | +731% |
| Furniture and vehicles | 24 | €11,149 | €1,499 | -€9,650 | -86.6% |
| Other tangible fixed assets | 26 | €6,915 | €6,425 | -€490 | -7.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €215,618 | €169,558 | -€46,060 | -21.4% |
| Amounts receivable after more than one year | 29 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Other amounts receivable | 291 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Amounts receivable within one year | 40/41 | €89,646 | €52,810 | -€36,836 | -41.1% |
| Trade receivables | 40 | €20,172 | €33,748 | +€13,577 | +67.3% |
| Other amounts receivable | 41 | €69,474 | €19,062 | -€50,413 | -72.6% |
| Cash at bank and in hand | 54/58 | - | €27,345 | +€27,345 | |
| Deferred charges and accrued income | 490/1 | €10,972 | €9,403 | -€1,569 | -14.3% |
| Total equity and liabilities | 10/49 | €235,140 | €183,017 | -€52,123 | -22.2% |
| Equity | 10/15 | €212,450 | €164,889 | -€47,561 | -22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,984 | €152,414 | -€47,570 | -23.8% |
| Distributable reserves | 133 | €199,984 | €152,414 | -€47,570 | -23.8% |
| Profit (loss) carried forward | 14 | €67 | €76 | +€9 | +13.6% |
| Amounts payable | 17/49 | €22,690 | €18,128 | -€4,562 | -20.1% |
| Amounts payable after more than one year | 17 | €3,635 | - | -€3,635 | |
| Financial debts | 170/4 | €3,635 | - | -€3,635 | |
| Amounts payable within one year | 42/48 | €19,055 | €18,128 | -€927 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €4,609 | - | -€4,609 | |
| Financial debts | 43 | €5,458 | - | -€5,458 | |
| Credit institutions | 430/8 | €5,458 | - | -€5,458 | |
| Trade debts | 44 | - | €842 | +€842 | |
| Suppliers | 440/4 | - | €842 | +€842 | |
| Taxes, remuneration and social security | 45 | €8,988 | €17,286 | +€8,298 | +92.3% |
| Taxes | 450/3 | €8,988 | €17,286 | +€8,298 | +92.3% |
| Non-recurring operating income | 76A | - | €9,347 | +€9,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,209 | €1,687 | -€522 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,841 | - | +€4,841 | |
| Other operating charges | 640/8 | €110 | €822 | +€712 | +647% |
| Gross operating margin | 9900 | €20,215 | €35,186 | +€14,971 | +74.1% |
| Operating profit (loss) | 9901 | €22,737 | €32,677 | +€9,940 | +43.7% |
| Financial income | 75/76B | €3,450 | €5,484 | +€2,034 | +59.0% |
| Recurring financial income | 75 | €3,450 | €5,484 | +€2,034 | +59.0% |
| Financial charges | 65/66B | €1,418 | €1,515 | +€97 | +6.8% |
| Recurring financial charges | 65 | €1,418 | €1,515 | +€97 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €24,769 | €36,646 | +€11,878 | +48.0% |
| Income taxes | 67/77 | €7,835 | €11,607 | +€3,772 | +48.1% |
| Profit (loss) for the period | 9904 | €16,934 | €25,039 | +€8,105 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,934 | €25,039 | +€8,105 | +47.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.