CRELIS: 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.
CRELIS
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year -€34,266
down €34,266 (-52.5%), from €65,330 to €31,064
of which Trade receivables: -€41,568
- Tangible fixed assets -€22,905
down €22,905 (-6.1%), from €377,961 to €355,055
of which Land and buildings: -€15,800
- Reserves +€41,083
up €41,083 (+20.9%), from €196,732 to €237,815
- Debts after one year -€14,018
down €14,018 (-5.7%), from €244,998 to €230,980
- Tax, wage and social debts -€8,655
down €8,655 (-42.6%), from €20,334 to €11,679
- Gross operating margin +€8,281
up €8,281 (+10.1%), from €82,050 to €90,331
- Depreciation +€1,462
up €1,462 (+6.8%), from €21,443 to €22,905
- Other operating charges +€1,302
up €1,302 (+77.9%), from €1,671 to €2,973
- Taxes +€1,246
up €1,246 (+12.5%), from €9,940 to €11,186
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 | €499,241 | €521,371 | +€22,130 | +4.4% |
| Fixed assets | 21/28 | €377,961 | €355,055 | -€22,905 | -6.1% |
| Tangible fixed assets | 22/27 | €377,961 | €355,055 | -€22,905 | -6.1% |
| Land and buildings | 22 | €360,557 | €344,757 | -€15,800 | -4.4% |
| Plant, machinery and equipment | 23 | €1,826 | €1,605 | -€221 | -12.1% |
| Furniture and vehicles | 24 | €9,979 | €5,187 | -€4,792 | -48.0% |
| Other tangible fixed assets | 26 | €5,598 | €3,506 | -€2,092 | -37.4% |
| Current assets | 29/58 | €121,280 | €166,315 | +€45,035 | +37.1% |
| Amounts receivable within one year | 40/41 | €65,330 | €31,064 | -€34,266 | -52.5% |
| Trade receivables | 40 | €65,330 | €23,762 | -€41,568 | -63.6% |
| Other amounts receivable | 41 | €0 | €7,302 | +€7,302 | |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €52,113 | €52,356 | +€242 | +0.5% |
| Deferred charges and accrued income | 490/1 | €3,836 | €2,896 | -€941 | -24.5% |
| Total equity and liabilities | 10/49 | €499,241 | €521,371 | +€22,130 | +4.4% |
| Equity | 10/15 | €199,232 | €240,315 | +€41,083 | +20.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €196,732 | €237,815 | +€41,083 | +20.9% |
| Distributable reserves | 133 | €196,732 | €237,815 | +€41,083 | +20.9% |
| Amounts payable | 17/49 | €300,009 | €281,056 | -€18,953 | -6.3% |
| Amounts payable after more than one year | 17 | €244,998 | €230,980 | -€14,018 | -5.7% |
| Financial debts | 170/4 | €244,998 | €230,980 | -€14,018 | -5.7% |
| Amounts payable within one year | 42/48 | €55,011 | €50,076 | -€4,935 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €13,476 | €14,018 | +€543 | +4.0% |
| Trade debts | 44 | €2,431 | €618 | -€1,813 | -74.6% |
| Suppliers | 440/4 | €2,431 | €618 | -€1,813 | -74.6% |
| Taxes, remuneration and social security | 45 | €20,334 | €11,679 | -€8,655 | -42.6% |
| Taxes | 450/3 | €20,334 | €11,679 | -€8,655 | -42.6% |
| Other amounts payable | 47/48 | €18,770 | €23,760 | +€4,991 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,443 | €22,905 | +€1,462 | +6.8% |
| Other operating charges | 640/8 | €1,671 | €2,973 | +€1,302 | +77.9% |
| Gross operating margin | 9900 | €82,050 | €90,331 | +€8,281 | +10.1% |
| Operating profit (loss) | 9901 | €58,936 | €64,452 | +€5,517 | +9.4% |
| Financial income | 75/76B | €3 | €2 | -€1 | -43.0% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -43.0% |
| Financial charges | 65/66B | €12,052 | €12,186 | +€133 | +1.1% |
| Recurring financial charges | 65 | €12,052 | €12,186 | +€133 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €46,887 | €52,268 | +€5,382 | +11.5% |
| Income taxes | 67/77 | €9,940 | €11,186 | +€1,246 | +12.5% |
| Profit (loss) for the period | 9904 | €36,947 | €41,083 | +€4,136 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,947 | €41,083 | +€4,136 | +11.2% |
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 8 October 2026 via checked.be.