CREMANIMA RESPECT: 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.
CREMANIMA RESPECT
Largest movements
- Receivables within one year +€46,912
up €46,912 (+32.6%), from €143,974 to €190,885
of which Trade receivables: +€36,324
- Cash +€18,078
up €18,078 (+316%), from €5,730 to €23,808
mainly Other debts (+€38,550) and Depreciation (+€15,571)
- Tangible fixed assets -€14,368
down €14,368 (-8.1%), from €177,774 to €163,406
of which Land and buildings: -€9,065
- Stocks and contracts -€12,265
down €12,265 (-67.5%), from €18,165 to €5,900
- Other debts +€38,550
up €38,550 (+79.5%), from €48,494 to €87,044
- Profit (loss) carried forward +€14,951
up €14,951 (+16.4%), from -€90,983 to -€76,032
- Short-term financial debts -€10,945
no longer reported in 2025 (was €10,945)
- Gross operating margin +€93,701
up €93,701 (+30.2%), from €310,218 to €403,919
- Taxes +€64,876
up €64,876 (+435%), from €14,917 to €79,793
- Staff costs +€12,140
up €12,140 (+4.6%), from €261,384 to €273,524
- Other operating charges -€4,392
down €4,392 (-29.2%), from €15,027 to €10,635
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.
Derived cash bridge
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 | €351,442 | €391,299 | +€39,857 | +11.3% |
| Fixed assets | 21/28 | €183,574 | €169,206 | -€14,368 | -7.8% |
| Tangible fixed assets | 22/27 | €177,774 | €163,406 | -€14,368 | -8.1% |
| Land and buildings | 22 | €158,864 | €149,800 | -€9,065 | -5.7% |
| Plant, machinery and equipment | 23 | €12,790 | €9,729 | -€3,062 | -23.9% |
| Furniture and vehicles | 24 | €6,119 | €3,877 | -€2,242 | -36.6% |
| Financial fixed assets | 28 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €167,868 | €222,093 | +€54,225 | +32.3% |
| Stocks and contracts in progress | 3 | €18,165 | €5,900 | -€12,265 | -67.5% |
| Stocks | 30/36 | €18,165 | €5,900 | -€12,265 | -67.5% |
| Amounts receivable within one year | 40/41 | €143,974 | €190,885 | +€46,912 | +32.6% |
| Trade receivables | 40 | €66,814 | €103,138 | +€36,324 | +54.4% |
| Other amounts receivable | 41 | €77,160 | €87,747 | +€10,588 | +13.7% |
| Cash at bank and in hand | 54/58 | €5,730 | €23,808 | +€18,078 | +316% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €351,442 | €391,299 | +€39,857 | +11.3% |
| Equity | 10/15 | €192,097 | €207,048 | +€14,951 | +7.8% |
| Contributions | 10/11 | €93,780 | €93,780 | = | 0.0% |
| Capital | 10 | €93,780 | €93,780 | = | 0.0% |
| Issued capital | 100 | €93,780 | €93,780 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €9,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Legal reserve | 130 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,983 | -€76,032 | +€14,951 | +16.4% |
| Amounts payable | 17/49 | €159,345 | €184,251 | +€24,906 | +15.6% |
| Amounts payable within one year | 42/48 | €158,927 | €184,251 | +€25,324 | +15.9% |
| Financial debts | 43 | €10,945 | - | -€10,945 | |
| Credit institutions | 430/8 | €10,945 | - | -€10,945 | |
| Trade debts | 44 | €43,451 | €42,829 | -€623 | -1.4% |
| Suppliers | 440/4 | €43,451 | €42,829 | -€623 | -1.4% |
| Taxes, remuneration and social security | 45 | €56,038 | €54,379 | -€1,659 | -3.0% |
| Taxes | 450/3 | €29,157 | €30,119 | +€962 | +3.3% |
| Remuneration and social security | 454/9 | €26,881 | €24,259 | -€2,621 | -9.8% |
| Other amounts payable | 47/48 | €48,494 | €87,044 | +€38,550 | +79.5% |
| Accrued charges and deferred income | 492/3 | €418 | - | -€418 | |
| Remuneration, social security and pensions | 62 | €261,384 | €273,524 | +€12,140 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,813 | €15,571 | +€757 | +5.1% |
| Other operating charges | 640/8 | €15,027 | €10,635 | -€4,392 | -29.2% |
| Gross operating margin | 9900 | €310,218 | €403,919 | +€93,701 | +30.2% |
| Operating profit (loss) | 9901 | €18,994 | €104,190 | +€85,196 | +449% |
| Financial income | 75/76B | €399 | €254 | -€145 | -36.3% |
| Recurring financial income | 75 | €399 | €254 | -€145 | -36.3% |
| Financial charges | 65/66B | €7,469 | €9,701 | +€2,232 | +29.9% |
| Recurring financial charges | 65 | €7,469 | €9,701 | +€2,232 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €11,925 | €94,744 | +€82,819 | +695% |
| Income taxes | 67/77 | €14,917 | €79,793 | +€64,876 | +435% |
| Profit (loss) for the period | 9904 | -€2,992 | €14,951 | +€17,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,992 | €14,951 | +€17,943 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.