crefi conseils: 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.
crefi conseils
Largest movements
- Intangible fixed assets -€270,441
down €270,441 (-41.9%), from €645,697 to €375,256
- Cash -€54,874
down €54,874 (-21.6%), from €254,617 to €199,744
mainly Debts after one year (-€239,628) and Contributions, distributions and other (-€130,000)
- Receivables within one year -€53,503
down €53,503 (-49.1%), from €108,970 to €55,467
of which Trade receivables: -€67,566
- Debts after one year -€239,628
down €239,628 (-49.7%), from €482,498 to €242,870
- Current portion of long-term debt -€102,874
down €102,874 (-57.9%), from €177,681 to €74,806
- Tax, wage and social debts -€58,038
down €58,038 (-71.5%), from €81,146 to €23,107
of which Taxes: -€52,497
- Profit (loss) carried forward +€45,365
up €45,365 (+18.6%), from €243,313 to €288,678
- Trade debts -€18,150
down €18,150 (-47.3%), from €38,375 to €20,225
- Staff costs -€49,643
down €49,643 (-10.3%), from €483,283 to €433,640
- Depreciation -€31,252
down €31,252 (-15.5%), from €201,605 to €170,353
- Taxes +€18,833
up €18,833 (+27.9%), from €67,606 to €86,438
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 | €1,043,672 | €670,381 | -€373,291 | -35.8% |
| Fixed assets | 21/28 | €674,007 | €407,848 | -€266,160 | -39.5% |
| Intangible fixed assets | 21 | €645,697 | €375,256 | -€270,441 | -41.9% |
| Tangible fixed assets | 22/27 | €27,950 | €32,231 | +€4,281 | +15.3% |
| Plant, machinery and equipment | 23 | €58 | - | -€58 | |
| Furniture and vehicles | 24 | €21,708 | €26,828 | +€5,120 | +23.6% |
| Other tangible fixed assets | 26 | €6,185 | €5,404 | -€781 | -12.6% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €369,665 | €262,533 | -€107,132 | -29.0% |
| Amounts receivable within one year | 40/41 | €108,970 | €55,467 | -€53,503 | -49.1% |
| Trade receivables | 40 | €108,970 | €41,404 | -€67,566 | -62.0% |
| Other amounts receivable | 41 | - | €14,062 | +€14,062 | |
| Cash at bank and in hand | 54/58 | €254,617 | €199,744 | -€54,874 | -21.6% |
| Deferred charges and accrued income | 490/1 | €6,077 | €7,323 | +€1,246 | +20.5% |
| Total equity and liabilities | 10/49 | €1,043,672 | €670,381 | -€373,291 | -35.8% |
| Equity | 10/15 | €263,718 | €309,083 | +€45,365 | +17.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,313 | €288,678 | +€45,365 | +18.6% |
| Amounts payable | 17/49 | €779,954 | €361,298 | -€418,656 | -53.7% |
| Amounts payable after more than one year | 17 | €482,498 | €242,870 | -€239,628 | -49.7% |
| Financial debts | 170/4 | €482,498 | €242,870 | -€239,628 | -49.7% |
| Amounts payable within one year | 42/48 | €297,456 | €118,428 | -€179,028 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €177,681 | €74,806 | -€102,874 | -57.9% |
| Trade debts | 44 | €38,375 | €20,225 | -€18,150 | -47.3% |
| Suppliers | 440/4 | €38,375 | €20,225 | -€18,150 | -47.3% |
| Taxes, remuneration and social security | 45 | €81,146 | €23,107 | -€58,038 | -71.5% |
| Taxes | 450/3 | €52,497 | - | -€52,497 | |
| Remuneration and social security | 454/9 | €28,649 | €23,107 | -€5,541 | -19.3% |
| Other amounts payable | 47/48 | €255 | €290 | +€35 | +13.7% |
| Remuneration, social security and pensions | 62 | €483,283 | €433,640 | -€49,643 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,605 | €170,353 | -€31,252 | -15.5% |
| Other operating charges | 640/8 | €7,245 | €6,781 | -€464 | -6.4% |
| Gross operating margin | 9900 | €876,580 | €884,795 | +€8,214 | +0.9% |
| Operating profit (loss) | 9901 | €184,447 | €274,021 | +€89,574 | +48.6% |
| Financial income | 75/76B | €408 | €1,725 | +€1,317 | +323% |
| Recurring financial income | 75 | €408 | €1,725 | +€1,317 | +323% |
| Financial charges | 65/66B | €15,459 | €13,943 | -€1,516 | -9.8% |
| Recurring financial charges | 65 | €15,459 | €13,943 | -€1,516 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €169,396 | €261,803 | +€92,407 | +54.6% |
| Income taxes | 67/77 | €67,606 | €86,438 | +€18,833 | +27.9% |
| Profit (loss) for the period | 9904 | €101,791 | €175,365 | +€73,574 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,791 | €175,365 | +€73,574 | +72.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.