CRELGI: 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.
CRELGI
Largest movements
- Receivables within one year +€52,638
up €52,638 (+42.8%), from €122,966 to €175,604
of which Other amounts receivable: +€42,297
- Cash -€12,651
down €12,651 (-3.1%), from €413,984 to €401,332
mainly Receivables within one year (-€52,638) and Tax, wage and social debts (-€2,513)
- Reserves +€37,099
up €37,099 (+6.2%), from €602,274 to €639,372
of which Distributable reserves: +€37,099
- Financial charges -€1.7m
down €1.7m (-100.0%), from €1.7m to €448
- Financial income +€23,497
up €23,497 (+56.7%), from €41,416 to €64,913
- Gross operating margin +€18,662
up €18,662 (+81.6%), from -€22,879 to -€4,217
- Taxes +€14,815
up €14,815 (+357.8%), from €4,140 to €18,955
- Depreciation +€934
up €934 (+58.0%), from €1,609 to €2,542
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 | €680,703 | €717,369 | +€36,666 | +5.4% |
| Fixed assets | 21/28 | €16,775 | €14,233 | -€2,542 | -15.2% |
| Tangible fixed assets | 22/27 | €16,775 | €14,233 | -€2,542 | -15.2% |
| Land and buildings | 22 | €6,796 | €6,796 | = | 0.0% |
| Furniture and vehicles | 24 | €9,979 | €7,437 | -€2,542 | -25.5% |
| Current assets | 29/58 | €663,928 | €703,137 | +€39,209 | +5.9% |
| Amounts receivable after more than one year | 29 | €125,143 | €125,143 | = | 0.0% |
| Other amounts receivable | 291 | €125,143 | €125,143 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €122,966 | €175,604 | +€52,638 | +42.8% |
| Trade receivables | 40 | €1,332 | €11,673 | +€10,341 | +776.0% |
| Other amounts receivable | 41 | €121,634 | €163,931 | +€42,297 | +34.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €413,984 | €401,332 | -€12,651 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,057 | -€778 | -42.4% |
| Total equity and liabilities | 10/49 | €680,703 | €717,369 | +€36,666 | +5.4% |
| Equity | 10/15 | €664,274 | €701,372 | +€37,099 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €602,274 | €639,372 | +€37,099 | +6.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €596,074 | €633,172 | +€37,099 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,429 | €15,997 | -€432 | -2.6% |
| Amounts payable within one year | 42/48 | €16,403 | €15,971 | -€432 | -2.6% |
| Trade debts | 44 | €468 | €2,549 | +€2,081 | +445.1% |
| Suppliers | 440/4 | €468 | €2,549 | +€2,081 | +445.1% |
| Taxes, remuneration and social security | 45 | €15,935 | €13,422 | -€2,513 | -15.8% |
| Taxes | 450/3 | €15,935 | €13,422 | -€2,513 | -15.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €26 | €26 | -€1 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,609 | €2,542 | +€934 | +58.0% |
| Other operating charges | 640/8 | €1,086 | €1,651 | +€566 | +52.1% |
| Gross operating margin | 9900 | -€22,879 | -€4,217 | +€18,662 | +81.6% |
| Operating profit (loss) | 9901 | -€25,573 | -€8,410 | +€17,162 | +67.1% |
| Financial income | 75/76B | €41,416 | €64,913 | +€23,497 | +56.7% |
| Recurring financial income | 75 | €41,416 | €64,913 | +€23,497 | +56.7% |
| Financial charges | 65/66B | €1,730,338 | €448 | -€1.7m | -100.0% |
| Recurring financial charges | 65 | €1,730,338 | €448 | -€1.7m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,714,495 | €56,054 | +€1.8m | |
| Income taxes | 67/77 | €4,140 | €18,955 | +€14,815 | +357.8% |
| Profit (loss) for the period | 9904 | -€1,718,635 | €37,099 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,718,635 | €37,099 | +€1.8m |
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 2 October 2026 via checked.be.