CREJO: what changed
Two fiscal 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.
CREJO
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€29,467
up €29,467 (+2935.9%), from €1,004 to €30,470
mainly Net result for the year (+€242,163) and Provisions (+€81,979)
- Tangible fixed assets -€16,741
down €16,741 (-1.6%), from €1.1m to €1.1m
of which Land and buildings: -€75,420
- Reserves +€245,938
new in 2025: €245,938
- Debts after one year -€89,342
down €89,342 (-98.2%), from €90,942 to €1,600
of which Financial debts: -€90,142
- Provisions +€81,979
new in 2025: €81,979
- Current portion of long-term debt -€62,569
no longer reported in 2025 (was €62,569)
- Other debts -€35,399
down €35,399 (-5.2%), from €681,356 to €645,957
- Gross operating margin +€320,580
up €320,580 (+391.5%), from €81,875 to €402,455
- Other operating charges +€12,679
up €12,679 (+97.1%), from €13,059 to €25,738
- Financial charges +€5,514
up €5,514 (+95.3%), from €5,788 to €11,302
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 | €1,074,032 | €1,182,255 | +€108,223 | +10.1% |
| Fixed assets | 21/28 | €1,073,029 | €1,051,785 | -€21,244 | -2.0% |
| Intangible fixed assets | 21 | €5,155 | €653 | -€4,503 | -87.3% |
| Tangible fixed assets | 22/27 | €1,067,874 | €1,051,132 | -€16,741 | -1.6% |
| Land and buildings | 22 | €1,067,874 | €992,454 | -€75,420 | -7.1% |
| Furniture and vehicles | 24 | - | €58,679 | +€58,679 | |
| Current assets | 29/58 | €1,004 | €130,470 | +€129,467 | +12899.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €1,004 | €30,470 | +€29,467 | +2935.9% |
| Total equity and liabilities | 10/49 | €1,074,032 | €1,182,255 | +€108,223 | +10.1% |
| Equity | 10/15 | €207,647 | €449,810 | +€242,163 | +116.6% |
| Contributions | 10/11 | €260,950 | €260,950 | = | 0.0% |
| Capital | 10 | €260,950 | €260,950 | = | 0.0% |
| Issued capital | 100 | €260,950 | €260,950 | = | 0.0% |
| Reserves | 13 | - | €245,938 | +€245,938 | |
| Tax-exempt reserves | 132 | - | €245,938 | +€245,938 | |
| Profit (loss) carried forward | 14 | -€53,303 | -€57,078 | -€3,775 | -7.1% |
| Provisions and deferred taxes | 16 | - | €81,979 | +€81,979 | |
| Deferred taxes | 168 | - | €81,979 | +€81,979 | |
| Amounts payable | 17/49 | €866,386 | €650,466 | -€215,920 | -24.9% |
| Amounts payable after more than one year | 17 | €90,942 | €1,600 | -€89,342 | -98.2% |
| Financial debts | 170/4 | €90,142 | - | -€90,142 | |
| Other amounts payable | 178/9 | €800 | €1,600 | +€800 | +100.0% |
| Amounts payable within one year | 42/48 | €774,647 | €646,002 | -€128,645 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €62,569 | - | -€62,569 | |
| Financial debts | 43 | €6,855 | - | -€6,855 | |
| Credit institutions | 430/8 | €6,855 | - | -€6,855 | |
| Trade debts | 44 | €23,867 | - | -€23,867 | |
| Suppliers | 440/4 | €23,867 | - | -€23,867 | |
| Taxes, remuneration and social security | 45 | - | €45 | +€45 | |
| Taxes | 450/3 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €681,356 | €645,957 | -€35,399 | -5.2% |
| Accrued charges and deferred income | 492/3 | €796 | €2,864 | +€2,067 | +259.6% |
| Non-recurring operating income | 76A | - | €327,918 | +€327,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,755 | €41,306 | -€3,449 | -7.7% |
| Other operating charges | 640/8 | €13,059 | €25,738 | +€12,679 | +97.1% |
| Gross operating margin | 9900 | €81,875 | €402,455 | +€320,580 | +391.5% |
| Operating profit (loss) | 9901 | €24,062 | €335,412 | +€311,350 | +1294.0% |
| Financial income | 75/76B | €1 | €106 | +€105 | +11778.7% |
| Recurring financial income | 75 | €1 | €106 | +€105 | +11778.7% |
| Financial charges | 65/66B | €5,788 | €11,302 | +€5,514 | +95.3% |
| Recurring financial charges | 65 | €5,788 | €11,302 | +€5,514 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €18,275 | €324,216 | +€305,940 | +1674.1% |
| Transfer to deferred taxes | 680 | - | €81,979 | +€81,979 | |
| Income taxes | 67/77 | - | €73 | +€73 | |
| Profit (loss) for the period | 9904 | €18,275 | €242,163 | +€223,888 | +1225.1% |
| Transfer to tax-exempt reserves | 689 | - | €245,938 | +€245,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,275 | -€3,775 | -€22,050 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.