CREBO: 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.
CREBO
Largest movements
- Cash +€9,227
up €9,227 (+805%), from €1,146 to €10,373
mainly Net result for the year (+€7,158) and Tax, wage and social debts (+€2,868)
- Receivables within one year -€1,127
down €1,127 (-19.7%), from €5,725 to €4,598
of which Trade receivables: -€1,207
- Profit (loss) carried forward +€7,158
up €7,158 (+51.5%), from -€13,898 to -€6,740
- Tax, wage and social debts +€2,868
up €2,868 (+511%), from €561 to €3,430
of which Remuneration and social security: +€2,288
- Other debts -€2,204
no longer reported in 2025 (was €2,204)
- Trade debts +€244
up €244 (+19.0%), from €1,285 to €1,529
- Gross operating margin +€16,279
up €16,279, from -€7,027 to €9,251
- Depreciation +€382
up €382 (+57.9%), from €659 to €1,040
- Financial charges -€175
down €175 (-41.1%), from €427 to €252
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 | €10,152 | €18,286 | +€8,133 | +80.1% |
| Fixed assets | 21/28 | €1,743 | €1,779 | +€37 | +2.1% |
| Tangible fixed assets | 22/27 | €1,743 | €1,779 | +€37 | +2.1% |
| Plant, machinery and equipment | 23 | €622 | €240 | -€382 | -61.4% |
| Furniture and vehicles | 24 | €1,120 | €1,539 | +€419 | +37.4% |
| Current assets | 29/58 | €8,410 | €16,507 | +€8,097 | +96.3% |
| Stocks and contracts in progress | 3 | €1,020 | €1,111 | +€90 | +8.9% |
| Stocks | 30/36 | €1,020 | €1,111 | +€90 | +8.9% |
| Amounts receivable within one year | 40/41 | €5,725 | €4,598 | -€1,127 | -19.7% |
| Trade receivables | 40 | €4,902 | €3,695 | -€1,207 | -24.6% |
| Other amounts receivable | 41 | €823 | €903 | +€79 | +9.6% |
| Cash at bank and in hand | 54/58 | €1,146 | €10,373 | +€9,227 | +805% |
| Deferred charges and accrued income | 490/1 | €518 | €425 | -€93 | -17.9% |
| Total equity and liabilities | 10/49 | €10,152 | €18,286 | +€8,133 | +80.1% |
| Equity | 10/15 | €6,102 | €13,260 | +€7,158 | +117% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,898 | -€6,740 | +€7,158 | +51.5% |
| Amounts payable | 17/49 | €4,050 | €5,025 | +€975 | +24.1% |
| Amounts payable within one year | 42/48 | €4,050 | €4,958 | +€908 | +22.4% |
| Trade debts | 44 | €1,285 | €1,529 | +€244 | +19.0% |
| Suppliers | 440/4 | €1,285 | €1,529 | +€244 | +19.0% |
| Taxes, remuneration and social security | 45 | €561 | €3,430 | +€2,868 | +511% |
| Taxes | 450/3 | €561 | €1,142 | +€581 | +103% |
| Remuneration and social security | 454/9 | - | €2,288 | +€2,288 | |
| Other amounts payable | 47/48 | €2,204 | - | -€2,204 | |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €1,040 | +€382 | +57.9% |
| Other operating charges | 640/8 | €793 | €814 | +€21 | +2.7% |
| Gross operating margin | 9900 | -€7,027 | €9,251 | +€16,279 | |
| Operating profit (loss) | 9901 | -€8,480 | €7,397 | +€15,876 | |
| Financial income | 75/76B | €11 | €13 | +€2 | +18.1% |
| Recurring financial income | 75 | €11 | €13 | +€2 | +18.1% |
| Financial charges | 65/66B | €427 | €252 | -€175 | -41.1% |
| Recurring financial charges | 65 | €427 | €252 | -€175 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,895 | €7,158 | +€16,054 | |
| Profit (loss) for the period | 9904 | -€8,895 | €7,158 | +€16,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,895 | €7,158 | +€16,054 |
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 29 October 2026 via checked.be.