CREJA: 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.
CREJA
Largest movements
- Current investments +€2.0m
new in 2025: €2.0m
- Tangible fixed assets -€996,793
down €996,793 (-18.6%), from €5.4m to €4.4m
of which Land and buildings: -€993,732
- Cash -€68,933
down €68,933 (-34.6%), from €199,364 to €130,431
mainly Current investments (-€2.0m) and Debts after one year (-€79,331)
- Profit (loss) carried forward +€690,393
up €690,393, from -€561,055 to €129,338
- Reserves +€200,000
up €200,000 (+112.5%), from €177,799 to €377,799
of which Distributable reserves: +€200,000
- Tax, wage and social debts +€92,032
up €92,032 (+781.7%), from €11,773 to €103,805
of which Taxes: +€88,940
- Debts after one year -€79,331
down €79,331 (-16.3%), from €487,665 to €408,334
- Gross operating margin +€1.1m
up €1.1m (+374.3%), from €289,222 to €1.4m
- Taxes +€88,351
new in 2025: €88,351
- Depreciation -€36,220
down €36,220 (-14.0%), from €258,181 to €221,962
- Staff costs +€15,355
up €15,355 (+18.7%), from €82,112 to €97,467
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.
Cash bridge derived
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 | €5,666,342 | €6,551,887 | +€885,545 | +15.6% |
| Fixed assets | 21/28 | €5,366,382 | €4,369,588 | -€996,793 | -18.6% |
| Tangible fixed assets | 22/27 | €5,366,382 | €4,369,588 | -€996,793 | -18.6% |
| Land and buildings | 22 | €5,357,899 | €4,364,168 | -€993,732 | -18.5% |
| Plant, machinery and equipment | 23 | €4,019 | €1,117 | -€2,902 | -72.2% |
| Assets under construction and advance payments | 27 | €4,463 | €4,304 | -€159 | -3.6% |
| Current assets | 29/58 | €299,961 | €2,182,299 | +€1.9m | +627.5% |
| Amounts receivable within one year | 40/41 | €81,341 | €71,500 | -€9,841 | -12.1% |
| Trade receivables | 40 | €81,341 | €71,500 | -€9,841 | -12.1% |
| Current investments | 50/53 | - | €1,955,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €199,364 | €130,431 | -€68,933 | -34.6% |
| Deferred charges and accrued income | 490/1 | €19,256 | €25,368 | +€6,113 | +31.7% |
| Total equity and liabilities | 10/49 | €5,666,342 | €6,551,887 | +€885,545 | +15.6% |
| Equity | 10/15 | €4,596,944 | €5,487,337 | +€890,393 | +19.4% |
| Contributions | 10/11 | €4,980,200 | €4,980,200 | = | 0.0% |
| Reserves | 13 | €177,799 | €377,799 | +€200,000 | +112.5% |
| Non-distributable reserves | 130/1 | €177,799 | €177,799 | = | 0.0% |
| Reserves not available under the articles | 1311 | €177,799 | €177,799 | = | 0.0% |
| Distributable reserves | 133 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | -€561,055 | €129,338 | +€690,393 | |
| Amounts payable | 17/49 | €1,069,398 | €1,064,550 | -€4,848 | -0.5% |
| Amounts payable after more than one year | 17 | €487,665 | €408,334 | -€79,331 | -16.3% |
| Financial debts | 170/4 | €487,665 | €408,334 | -€79,331 | -16.3% |
| Amounts payable within one year | 42/48 | €574,503 | €653,132 | +€78,629 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €98,723 | €79,331 | -€19,392 | -19.6% |
| Trade debts | 44 | €17,193 | €22,666 | +€5,473 | +31.8% |
| Suppliers | 440/4 | €17,193 | €22,666 | +€5,473 | +31.8% |
| Taxes, remuneration and social security | 45 | €11,773 | €103,805 | +€92,032 | +781.7% |
| Taxes | 450/3 | €809 | €89,749 | +€88,940 | +10994.2% |
| Remuneration and social security | 454/9 | €10,964 | €14,056 | +€3,092 | +28.2% |
| Other amounts payable | 47/48 | €446,814 | €447,330 | +€516 | +0.1% |
| Accrued charges and deferred income | 492/3 | €7,230 | €3,084 | -€4,146 | -57.3% |
| Non-recurring operating income | 76A | - | €1,219,850 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €82,112 | €97,467 | +€15,355 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,181 | €221,962 | -€36,220 | -14.0% |
| Other operating charges | 640/8 | €71,135 | €74,929 | +€3,794 | +5.3% |
| Gross operating margin | 9900 | €289,222 | €1,371,697 | +€1.1m | +374.3% |
| Operating profit (loss) | 9901 | -€122,206 | €977,339 | +€1.1m | |
| Financial income | 75/76B | €939 | €7,181 | +€6,242 | +664.8% |
| Recurring financial income | 75 | €939 | €7,181 | +€6,242 | +664.8% |
| Financial charges | 65/66B | €8,284 | €5,777 | -€2,507 | -30.3% |
| Recurring financial charges | 65 | €8,284 | €5,777 | -€2,507 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€129,551 | €978,744 | +€1.1m | |
| Income taxes | 67/77 | - | €88,351 | +€88,351 | |
| Profit (loss) for the period | 9904 | -€129,551 | €890,393 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,551 | €890,393 | +€1.0m |
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 10 October 2026 via checked.be.