CRECOSO: 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.
What changed
CRECOSO
NACE 56.220, Contract catering and other food service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€552,852
2024 · €530,498+€22,353
Equity
€2.4m
2024 · €2.5m-€25,103
Cash
€1.2m
2024 · €570,474+€600,435
Balance sheet total
€3.9m
2024 · €3.6m+€258,561
Largest movements
Assets
- Cash +€600,435
up €600,435 (+105%), from €570,474 to €1.2m
mainly Net result for the year (+€552,852) and Current investments (+€500,000)
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Tangible fixed assets +€155,665
up €155,665 (+8.5%), from €1.8m to €2.0m
of which Land and buildings: +€145,179
Equity and liabilities
- Other debts +€423,558
up €423,558 (+271%), from €156,329 to €579,887
- Debts after one year -€116,473
down €116,473 (-14.0%), from €833,035 to €716,561
Income statement
- Gross operating margin +€49,235
up €49,235 (+8.6%), from €570,357 to €619,592
- Depreciation +€42,348
up €42,348 (+41.2%), from €102,691 to €145,039
- Financial income +€18,950
up €18,950 (+7.1%), from €267,902 to €286,853
of which Financial income: +€18,950
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.
Result 2024
€530,498
Gross operating margin
+€49,235
Depreciation
-€42,348
Other operating charges
-€1,877
Financial income
+€18,950
Financial charges
+€1,642
Taxes
-€3,250
Result 2025
€552,852
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
+€199,297
Financing
-€726,140
Cash 2024
€570,474
From operations (derived)
+€1.1m
Net result for the year
+€552,852
Depreciation
+€145,039
Receivables after one year
+€10,361
Receivables within one year
-€4,269
Deferred charges and accrued income
-€8,553
Trade debts
+€1,412
Tax, wage and social debts
+€10,006
Other debts
+€423,558
Accrued charges and deferred income
-€3,126
Investment (derived)
+€199,297
Investment in fixed assets (net)
-€300,703
Current investments
+€500,000
Financing
-€726,140
Debts after one year
-€116,473
Current portion of long-term debt
+€1,930
Short-term financial debts
-€33,642
Contributions, distributions and other
-€577,955
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,642,060 | €3,900,621 | +€258,561 | +7.1% |
| Fixed assets | 21/28 | €2,500,665 | €2,656,329 | +€155,665 | +6.2% |
| Tangible fixed assets | 22/27 | €1,821,357 | €1,977,022 | +€155,665 | +8.5% |
| Land and buildings | 22 | €1,817,846 | €1,963,024 | +€145,179 | +8.0% |
| Plant, machinery and equipment | 23 | €3,512 | €2,806 | -€706 | -20.1% |
| Furniture and vehicles | 24 | - | €11,192 | +€11,192 | |
| Financial fixed assets | 28 | €679,307 | €679,307 | = | 0.0% |
| Current assets | 29/58 | €1,141,396 | €1,244,292 | +€102,896 | +9.0% |
| Amounts receivable after more than one year | 29 | €33,371 | €23,011 | -€10,361 | -31.0% |
| Other amounts receivable | 291 | €33,371 | €23,011 | -€10,361 | -31.0% |
| Amounts receivable within one year | 40/41 | €37,403 | €41,673 | +€4,269 | +11.4% |
| Trade receivables | 40 | €12,633 | €12,651 | +€18 | +0.1% |
| Other amounts receivable | 41 | €24,770 | €29,022 | +€4,252 | +17.2% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €570,474 | €1,170,909 | +€600,435 | +105% |
| Deferred charges and accrued income | 490/1 | €146 | €8,699 | +€8,553 | +5,846% |
| Total equity and liabilities | 10/49 | €3,642,060 | €3,900,621 | +€258,561 | +7.1% |
| Equity | 10/15 | €2,452,598 | €2,427,495 | -€25,103 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,433,998 | €2,408,895 | -€25,103 | -1.0% |
| Distributable reserves | 133 | €2,433,998 | €2,408,895 | -€25,103 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,189,463 | €1,473,127 | +€283,664 | +23.8% |
| Amounts payable after more than one year | 17 | €833,035 | €716,561 | -€116,473 | -14.0% |
| Financial debts | 170/4 | €833,035 | €716,561 | -€116,473 | -14.0% |
| Amounts payable within one year | 42/48 | €349,428 | €752,691 | +€403,263 | +115% |
| Current portion of amounts payable after more than one year | 42 | €117,040 | €118,970 | +€1,930 | +1.6% |
| Financial debts | 43 | €33,642 | €0 | -€33,642 | -100% |
| Credit institutions | 430/8 | €33,642 | €0 | -€33,642 | -100% |
| Trade debts | 44 | €7,387 | €8,799 | +€1,412 | +19.1% |
| Suppliers | 440/4 | €7,387 | €8,799 | +€1,412 | +19.1% |
| Taxes, remuneration and social security | 45 | €35,028 | €45,034 | +€10,006 | +28.6% |
| Taxes | 450/3 | €35,028 | €45,034 | +€10,006 | +28.6% |
| Other amounts payable | 47/48 | €156,329 | €579,887 | +€423,558 | +271% |
| Accrued charges and deferred income | 492/3 | €7,000 | €3,874 | -€3,126 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,691 | €145,039 | +€42,348 | +41.2% |
| Other operating charges | 640/8 | €26,997 | €28,873 | +€1,877 | +7.0% |
| Gross operating margin | 9900 | €570,357 | €619,592 | +€49,235 | +8.6% |
| Operating profit (loss) | 9901 | €440,670 | €445,680 | +€5,011 | +1.1% |
| Financial income | 75/76B | €267,902 | €286,853 | +€18,950 | +7.1% |
| Recurring financial income | 75 | €267,902 | €286,853 | +€18,950 | +7.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €18,943 | €17,301 | -€1,642 | -8.7% |
| Recurring financial charges | 65 | €18,943 | €17,301 | -€1,642 | -8.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €689,629 | €715,233 | +€25,603 | +3.7% |
| Income taxes | 67/77 | €159,131 | €162,381 | +€3,250 | +2.0% |
| Profit (loss) for the period | 9904 | €530,498 | €552,852 | +€22,353 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €530,498 | €552,852 | +€22,353 | +4.2% |
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 23 October 2026 via checked.be.