Crelan Arch: 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.
Crelan Arch
Largest movements
- Tangible fixed assets +€24.5m
up €24.5m (+52.1%), from €47.1m to €71.6m
of which Assets under construction and advance payments: +€23.6m
- Cash +€1.0m
up €1.0m (+652.0%), from €159,715 to €1.2m
mainly Debts after one year (+€26.3m) and Tax, wage and social debts (+€7.0m)
- Debts after one year +€26.3m
up €26.3m (+73.0%), from €36.1m to €62.4m
- Trade debts -€8.0m
down €8.0m (-93.4%), from €8.6m to €565,692
- Tax, wage and social debts +€7.0m
up €7.0m (+8291.0%), from €84,858 to €7.1m
- Accrued charges and deferred income +€857,828
up €857,828 (+3058.3%), from €28,049 to €885,877
- Depreciation +€594,481
up €594,481 (+2930.1%), from €20,289 to €614,770
- Gross operating margin +€287,880
up €287,880 (+35.1%), from €820,117 to €1.1m
- Other operating charges +€279,952
up €279,952 (+34.3%), from €816,195 to €1.1m
- Taxes +€15,746
new in 2025: €15,746
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 | €47,464,908 | €73,089,725 | +€25.6m | +54.0% |
| Fixed assets | 21/28 | €47,057,835 | €71,590,816 | +€24.5m | +52.1% |
| Tangible fixed assets | 22/27 | €47,057,835 | €71,590,816 | +€24.5m | +52.1% |
| Land and buildings | 22 | €19,359,601 | €20,294,831 | +€935,230 | +4.8% |
| Assets under construction and advance payments | 27 | €27,698,234 | €51,295,984 | +€23.6m | +85.2% |
| Current assets | 29/58 | €407,073 | €1,498,909 | +€1.1m | +268.2% |
| Amounts receivable within one year | 40/41 | €240,139 | €290,512 | +€50,373 | +21.0% |
| Other amounts receivable | 41 | €240,139 | €290,512 | +€50,373 | +21.0% |
| Cash at bank and in hand | 54/58 | €159,715 | €1,201,130 | +€1.0m | +652.0% |
| Deferred charges and accrued income | 490/1 | €7,219 | €7,267 | +€48 | +0.7% |
| Total equity and liabilities | 10/49 | €47,464,908 | €73,089,725 | +€25.6m | +54.0% |
| Equity | 10/15 | €2,716,746 | €2,097,902 | -€618,844 | -22.8% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €11,656 | €11,656 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €11,656 | €11,656 | -€0 | 0.0% |
| Legal reserve | 130 | €11,656 | €11,656 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €205,090 | -€413,753 | -€618,843 | |
| Amounts payable | 17/49 | €44,748,162 | €70,991,823 | +€26.2m | +58.6% |
| Amounts payable after more than one year | 17 | €36,070,443 | €62,419,794 | +€26.3m | +73.0% |
| Financial debts | 170/4 | €36,070,443 | €62,419,794 | +€26.3m | +73.0% |
| Amounts payable within one year | 42/48 | €8,649,670 | €7,686,151 | -€963,519 | -11.1% |
| Trade debts | 44 | €8,564,812 | €565,692 | -€8.0m | -93.4% |
| Suppliers | 440/4 | €8,564,812 | €565,692 | -€8.0m | -93.4% |
| Taxes, remuneration and social security | 45 | €84,858 | €7,120,459 | +€7.0m | +8291.0% |
| Taxes | 450/3 | €84,858 | €7,120,459 | +€7.0m | +8291.0% |
| Accrued charges and deferred income | 492/3 | €28,049 | €885,877 | +€857,828 | +3058.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,289 | €614,770 | +€594,481 | +2930.1% |
| Other operating charges | 640/8 | €816,195 | €1,096,147 | +€279,952 | +34.3% |
| Gross operating margin | 9900 | €820,117 | €1,107,997 | +€287,880 | +35.1% |
| Operating profit (loss) | 9901 | -€16,367 | -€602,920 | -€586,553 | -3583.8% |
| Financial charges | 65/66B | - | €177 | +€177 | |
| Recurring financial charges | 65 | - | €177 | +€177 | |
| Profit (loss) for the period before taxes | 9903 | -€16,367 | -€603,097 | -€586,730 | -3584.8% |
| Income taxes | 67/77 | - | €15,746 | +€15,746 | |
| Profit (loss) for the period | 9904 | -€16,367 | -€618,843 | -€602,476 | -3681.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,367 | -€618,843 | -€602,476 | -3681.0% |
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 4 October 2026 via checked.be.