CREFIMO: 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.
CREFIMO
Largest movements
- Tangible fixed assets -€198,715
down €198,715 (-36.8%), from €540,072 to €341,357
of which Land and buildings: -€381,302
- Receivables within one year +€45,129
up €45,129 (+97.5%), from €46,264 to €91,393
of which Trade receivables: +€47,652
- Cash -€15,457
down €15,457 (-64.1%), from €24,112 to €8,655
mainly Debts after one year (-€334,138) and Receivables within one year (-€45,129)
- Debts after one year -€334,138
down €334,138 (-85.9%), from €388,852 to €54,713
- Trade debts +€162,941
up €162,941 (+405%), from €40,220 to €203,161
- Gross operating margin +€33,263
up €33,263 (+52.1%), from €63,803 to €97,066
- Financial charges +€30,357
up €30,357 (+265%), from €11,450 to €41,807
- Other operating charges -€22,071
down €22,071 (-96.1%), from €22,971 to €900
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 | €612,357 | €443,240 | -€169,117 | -27.6% |
| Fixed assets | 21/28 | €540,072 | €341,357 | -€198,715 | -36.8% |
| Tangible fixed assets | 22/27 | €540,072 | €341,357 | -€198,715 | -36.8% |
| Land and buildings | 22 | €381,302 | - | -€381,302 | |
| Furniture and vehicles | 24 | €4,258 | €205,445 | +€201,188 | +4,725% |
| Leasing and similar rights | 25 | €154,512 | €135,912 | -€18,600 | -12.0% |
| Current assets | 29/58 | €72,285 | €101,883 | +€29,598 | +40.9% |
| Amounts receivable within one year | 40/41 | €46,264 | €91,393 | +€45,129 | +97.5% |
| Trade receivables | 40 | €41,268 | €88,920 | +€47,652 | +115% |
| Other amounts receivable | 41 | €4,996 | €2,473 | -€2,523 | -50.5% |
| Cash at bank and in hand | 54/58 | €24,112 | €8,655 | -€15,457 | -64.1% |
| Deferred charges and accrued income | 490/1 | €1,909 | €1,835 | -€74 | -3.9% |
| Total equity and liabilities | 10/49 | €612,357 | €443,240 | -€169,117 | -27.6% |
| Equity | 10/15 | €81,844 | €85,185 | +€3,342 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,444 | €72,785 | +€3,342 | +4.8% |
| Amounts payable | 17/49 | €530,513 | €358,055 | -€172,459 | -32.5% |
| Amounts payable after more than one year | 17 | €388,852 | €54,713 | -€334,138 | -85.9% |
| Financial debts | 170/4 | €388,852 | €54,713 | -€334,138 | -85.9% |
| Amounts payable within one year | 42/48 | €141,662 | €303,341 | +€161,680 | +114% |
| Current portion of amounts payable after more than one year | 42 | €31,272 | €33,328 | +€2,056 | +6.6% |
| Trade debts | 44 | €40,220 | €203,161 | +€162,941 | +405% |
| Suppliers | 440/4 | €40,220 | €203,161 | +€162,941 | +405% |
| Taxes, remuneration and social security | 45 | €4,702 | €1,352 | -€3,350 | -71.3% |
| Taxes | 450/3 | €4,702 | €1,352 | -€3,350 | -71.3% |
| Other amounts payable | 47/48 | €65,468 | €65,501 | +€33 | +0.1% |
| Non-recurring operating income | 76A | - | €2,621 | +€2,621 | |
| Remuneration, social security and pensions | 62 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,967 | €22,412 | -€555 | -2.4% |
| Other operating charges | 640/8 | €22,971 | €900 | -€22,071 | -96.1% |
| Non-recurring operating charges | 66A | - | €26,302 | +€26,302 | |
| Gross operating margin | 9900 | €63,803 | €97,066 | +€33,263 | +52.1% |
| Operating profit (loss) | 9901 | €17,864 | €46,500 | +€28,637 | +160% |
| Financial charges | 65/66B | €11,450 | €41,807 | +€30,357 | +265% |
| Recurring financial charges | 65 | €11,450 | €41,807 | +€30,357 | +265% |
| Profit (loss) for the period before taxes | 9903 | €6,414 | €4,694 | -€1,720 | -26.8% |
| Income taxes | 67/77 | €1,784 | €1,352 | -€432 | -24.2% |
| Profit (loss) for the period | 9904 | €4,630 | €3,342 | -€1,288 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,630 | €3,342 | -€1,288 | -27.8% |
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 18 October 2026 via checked.be.