CREHOPA: 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.
CREHOPA
Largest movements
- Stocks and contracts +€104,471
up €104,471 (+12.1%), from €861,667 to €966,138
- Receivables within one year -€90,754
down €90,754 (-85.5%), from €106,205 to €15,451
of which Trade receivables: -€90,763
- Cash -€69,717
down €69,717 (-5.3%), from €1.3m to €1.2m
mainly Stocks and contracts (-€104,471) and Trade debts (-€57,383)
- Trade debts -€57,383
down €57,383 (-61.9%), from €92,751 to €35,368
- Gross operating margin +€29,567
up €29,567 (+28.1%), from €105,312 to €134,879
- Financial income -€16,983
down €16,983 (-51.6%), from €32,920 to €15,937
- Staff costs -€16,579
down €16,579 (-14.7%), from €112,716 to €96,137
- Depreciation +€13,964
up €13,964 (+55.1%), from €25,334 to €39,298
- Taxes -€3,571
down €3,571, from €2,296 to -€1,275
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 | €4,226,608 | €4,160,552 | -€66,056 | -1.6% |
| Fixed assets | 21/28 | €106,913 | €109,460 | +€2,547 | +2.4% |
| Intangible fixed assets | 21 | €13,604 | €21,870 | +€8,266 | +60.8% |
| Tangible fixed assets | 22/27 | €93,210 | €87,491 | -€5,719 | -6.1% |
| Land and buildings | 22 | €35,652 | €17,402 | -€18,250 | -51.2% |
| Plant, machinery and equipment | 23 | - | €24,166 | +€24,166 | |
| Furniture and vehicles | 24 | €57,557 | €45,922 | -€11,635 | -20.2% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €4,119,695 | €4,051,092 | -€68,603 | -1.7% |
| Amounts receivable after more than one year | 29 | €838,240 | €827,774 | -€10,466 | -1.2% |
| Other amounts receivable | 291 | €838,240 | €827,774 | -€10,466 | -1.2% |
| Stocks and contracts in progress | 3 | €861,667 | €966,138 | +€104,471 | +12.1% |
| Stocks | 30/36 | €861,667 | €966,138 | +€104,471 | +12.1% |
| Amounts receivable within one year | 40/41 | €106,205 | €15,451 | -€90,754 | -85.5% |
| Trade receivables | 40 | €100,282 | €9,519 | -€90,763 | -90.5% |
| Other amounts receivable | 41 | €5,923 | €5,932 | +€9 | +0.1% |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,309,697 | €1,239,980 | -€69,717 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,885 | €1,748 | -€2,137 | -55.0% |
| Total equity and liabilities | 10/49 | €4,226,608 | €4,160,552 | -€66,056 | -1.6% |
| Equity | 10/15 | €3,945,418 | €3,946,765 | +€1,347 | 0.0% |
| Contributions | 10/11 | €3,236,000 | €3,236,000 | = | 0.0% |
| Capital | 10 | €3,236,000 | €3,236,000 | = | 0.0% |
| Issued capital | 100 | €3,236,000 | €3,236,000 | = | 0.0% |
| Reserves | 13 | €678,854 | €678,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,200 | €30,200 | = | 0.0% |
| Legal reserve | 130 | €30,200 | €30,200 | = | 0.0% |
| Distributable reserves | 133 | €648,654 | €648,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,564 | €31,911 | +€1,347 | +4.4% |
| Amounts payable | 17/49 | €281,190 | €213,787 | -€67,403 | -24.0% |
| Amounts payable after more than one year | 17 | €1,871 | €1,871 | = | 0.0% |
| Other amounts payable | 178/9 | €1,871 | €1,871 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,319 | €211,916 | -€67,403 | -24.1% |
| Trade debts | 44 | €92,751 | €35,368 | -€57,383 | -61.9% |
| Suppliers | 440/4 | €92,751 | €35,368 | -€57,383 | -61.9% |
| Taxes, remuneration and social security | 45 | €22,021 | €22,201 | +€180 | +0.8% |
| Taxes | 450/3 | €7,440 | €4,941 | -€2,499 | -33.6% |
| Remuneration and social security | 454/9 | €14,581 | €17,260 | +€2,679 | +18.4% |
| Other amounts payable | 47/48 | €164,547 | €154,347 | -€10,200 | -6.2% |
| Remuneration, social security and pensions | 62 | €112,716 | €96,137 | -€16,579 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,334 | €39,298 | +€13,964 | +55.1% |
| Other operating charges | 640/8 | €12,184 | €13,229 | +€1,045 | +8.6% |
| Gross operating margin | 9900 | €105,312 | €134,879 | +€29,567 | +28.1% |
| Operating profit (loss) | 9901 | -€44,922 | -€13,785 | +€31,137 | +69.3% |
| Financial income | 75/76B | €32,920 | €15,937 | -€16,983 | -51.6% |
| Recurring financial income | 75 | €32,920 | €15,937 | -€16,983 | -51.6% |
| Financial charges | 65/66B | €1,983 | €2,081 | +€99 | +5.0% |
| Recurring financial charges | 65 | €1,983 | €2,081 | +€99 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,984 | €71 | +€14,056 | |
| Income taxes | 67/77 | €2,296 | -€1,275 | -€3,571 | |
| Profit (loss) for the period | 9904 | -€16,280 | €1,347 | +€17,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,280 | €1,347 | +€17,627 |
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 26 October 2026 via checked.be.