Crebos: what changed
Crebos
Largest movements
- Current investments +€110,273
up €110,273 (+22.6%), from €488,062 to €598,335
- Cash -€29,306
down €29,306 (-45.5%), from €64,387 to €35,081
mainly Current investments (-€110,273) and Contributions, distributions and other (-€61,000)
- Receivables within one year +€18,398
up €18,398 (+10.9%), from €169,507 to €187,906
of which Trade receivables: +€12,321
- Reserves +€71,400
up €71,400 (+10.0%), from €714,160 to €785,560
- Other debts +€16,493
up €16,493 (+132%), from €12,507 to €29,000
- Gross operating margin +€6,276
up €6,276 (+3.3%), from €190,203 to €196,479
- Taxes +€4,566
up €4,566 (+7.5%), from €60,981 to €65,547
- Financial income +€4,546
up €4,546 (+41.7%), from €10,902 to €15,448
of which Financial income: +€6,960
- Financial charges +€2,178
up €2,178 (+130%), from €1,681 to €3,860
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 | €757,625 | €851,743 | +€94,118 | +12.4% |
| Fixed assets | 21/28 | €34,784 | €29,367 | -€5,417 | -15.6% |
| Tangible fixed assets | 22/27 | €34,784 | €29,367 | -€5,417 | -15.6% |
| Land and buildings | 22 | €3,136 | €2,783 | -€353 | -11.3% |
| Furniture and vehicles | 24 | €28,848 | €20,024 | -€8,824 | -30.6% |
| Other tangible fixed assets | 26 | €2,800 | €6,560 | +€3,760 | +134% |
| Current assets | 29/58 | €722,842 | €822,376 | +€99,535 | +13.8% |
| Amounts receivable within one year | 40/41 | €169,507 | €187,906 | +€18,398 | +10.9% |
| Trade receivables | 40 | €43,560 | €55,881 | +€12,321 | +28.3% |
| Other amounts receivable | 41 | €125,947 | €132,025 | +€6,077 | +4.8% |
| Current investments | 50/53 | €488,062 | €598,335 | +€110,273 | +22.6% |
| Cash at bank and in hand | 54/58 | €64,387 | €35,081 | -€29,306 | -45.5% |
| Deferred charges and accrued income | 490/1 | €886 | €1,056 | +€170 | +19.2% |
| Total equity and liabilities | 10/49 | €757,625 | €851,743 | +€94,118 | +12.4% |
| Equity | 10/15 | €730,382 | €801,879 | +€71,497 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €714,160 | €785,560 | +€71,400 | +10.0% |
| Distributable reserves | 133 | €714,160 | €785,560 | +€71,400 | +10.0% |
| Profit (loss) carried forward | 14 | €3,822 | €3,919 | +€97 | +2.5% |
| Amounts payable | 17/49 | €27,244 | €49,865 | +€22,621 | +83.0% |
| Amounts payable within one year | 42/48 | €26,705 | €49,826 | +€23,121 | +86.6% |
| Trade debts | 44 | €2,008 | €4,838 | +€2,830 | +141% |
| Suppliers | 440/4 | €2,008 | €4,838 | +€2,830 | +141% |
| Taxes, remuneration and social security | 45 | €12,191 | €15,988 | +€3,798 | +31.2% |
| Taxes | 450/3 | €12,191 | €15,988 | +€3,798 | +31.2% |
| Other amounts payable | 47/48 | €12,507 | €29,000 | +€16,493 | +132% |
| Accrued charges and deferred income | 492/3 | €538 | €39 | -€500 | -92.8% |
| Non-recurring operating income | 76A | €40 | €0 | -€40 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,153 | €9,177 | -€976 | -9.6% |
| Other operating charges | 640/8 | €825 | €847 | +€22 | +2.7% |
| Gross operating margin | 9900 | €190,203 | €196,479 | +€6,276 | +3.3% |
| Operating profit (loss) | 9901 | €179,226 | €186,455 | +€7,230 | +4.0% |
| Financial income | 75/76B | €10,902 | €15,448 | +€4,546 | +41.7% |
| Recurring financial income | 75 | €8,489 | €15,448 | +€6,960 | +82.0% |
| Non-recurring financial income | 76B | €2,414 | €0 | -€2,414 | -100% |
| Financial charges | 65/66B | €1,681 | €3,860 | +€2,178 | +130% |
| Recurring financial charges | 65 | €1,681 | €3,860 | +€2,178 | +130% |
| Profit (loss) for the period before taxes | 9903 | €188,446 | €198,044 | +€9,598 | +5.1% |
| Income taxes | 67/77 | €60,981 | €65,547 | +€4,566 | +7.5% |
| Profit (loss) for the period | 9904 | €127,465 | €132,497 | +€5,031 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €127,465 | €132,497 | +€5,031 | +3.9% |
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 2 November 2026 via checked.be.