CREMED: 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.
What changed
CREMED
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,353
2024 · -€10,287+€15,640
Equity
€12,854
2024 · €7,501+€5,353
Cash
€1,738
2024 · €1,452+€286
Balance sheet total
€486,483
2024 · €432,072+€54,411
Largest movements
Assets
- Receivables within one year +€66,908
up €66,908 (+29.7%), from €225,195 to €292,103
of which Other amounts receivable: +€33,924
- Tangible fixed assets -€15,779
down €15,779 (-9.0%), from €175,852 to €160,073
of which Land and buildings: -€13,089
Equity and liabilities
- Provisions +€45,000
up €45,000 (+241.4%), from €18,642 to €63,642
- Debts after one year -€22,582
down €22,582 (-10.7%), from €210,279 to €187,697
- Trade debts +€21,920
up €21,920 (+22.5%), from €97,425 to €119,345
- Other debts +€14,805
up €14,805 (+35.0%), from €42,350 to €57,155
- Current portion of long-term debt -€6,708
down €6,708 (-15.2%), from €44,026 to €37,318
Income statement
- Turnover -€199,149
no longer reported in 2025 (was €199,149)
- Purchases and services -€176,265
no longer reported in 2025 (was €176,265)
- Gross operating margin +€128,874
up €128,874 (+563.2%), from €22,883 to €151,757
- Provisions +€45,000
new in 2025: €45,000
- Other operating charges +€34,243
up €34,243 (+583.8%), from €5,865 to €40,108
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.
Result 2024
-€10,287
Gross operating margin
+€128,874
Staff costs
-€2,237
Depreciation
-€13,042
Provisions
-€45,000
Other operating charges
-€34,243
Other operating items
+€4,568
Financial income
-€7
Financial charges
-€8,844
Taxes
-€14,428
Result 2025
€5,353
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.
From operations
+€39,988
Investment
-€10,413
Financing
-€29,290
Cash 2024
€1,452
From operations (derived)
+€39,988
Net result for the year
+€5,353
Depreciation
+€26,192
Receivables within one year
-€66,908
Deferred charges and accrued income
-€2,996
Provisions
+€45,000
Trade debts
+€21,920
Tax, wage and social debts
-€4,628
Other debts
+€14,805
Accrued charges and deferred income
+€1,250
Investment (derived)
-€10,413
Investment in fixed assets (net)
-€10,413
Financing
-€29,290
Debts after one year
-€22,582
Current portion of long-term debt
-€6,708
Contributions, distributions and other
+€0
Cash 2025
€1,738
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,072 | €486,483 | +€54,411 | +12.6% |
| Fixed assets | 21/28 | €200,512 | €184,733 | -€15,779 | -7.9% |
| Tangible fixed assets | 22/27 | €175,852 | €160,073 | -€15,779 | -9.0% |
| Land and buildings | 22 | €156,624 | €143,535 | -€13,089 | -8.4% |
| Plant, machinery and equipment | 23 | €9,896 | - | -€9,896 | |
| Furniture and vehicles | 24 | €9,332 | €8,445 | -€887 | -9.5% |
| Other tangible fixed assets | 26 | - | €8,093 | +€8,093 | |
| Financial fixed assets | 28 | €24,660 | €24,660 | = | 0.0% |
| Current assets | 29/58 | €231,560 | €301,750 | +€70,190 | +30.3% |
| Amounts receivable within one year | 40/41 | €225,195 | €292,103 | +€66,908 | +29.7% |
| Trade receivables | 40 | €49,390 | €82,374 | +€32,985 | +66.8% |
| Other amounts receivable | 41 | €175,805 | €209,729 | +€33,924 | +19.3% |
| Cash at bank and in hand | 54/58 | €1,452 | €1,738 | +€286 | +19.7% |
| Deferred charges and accrued income | 490/1 | €4,913 | €7,909 | +€2,996 | +61.0% |
| Total equity and liabilities | 10/49 | €432,072 | €486,483 | +€54,411 | +12.6% |
| Equity | 10/15 | €7,501 | €12,854 | +€5,353 | +71.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Share premium | 1100/10 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €19,202 | €19,202 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €17,342 | €17,342 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€17,901 | -€12,548 | +€5,353 | +29.9% |
| Provisions and deferred taxes | 16 | €18,642 | €63,642 | +€45,000 | +241.4% |
| Provisions for liabilities and charges | 160/5 | €18,642 | €63,642 | +€45,000 | +241.4% |
| Major repairs and maintenance | 162 | €18,642 | €63,642 | +€45,000 | +241.4% |
| Amounts payable | 17/49 | €405,930 | €409,987 | +€4,057 | +1.0% |
| Amounts payable after more than one year | 17 | €210,279 | €187,697 | -€22,582 | -10.7% |
| Financial debts | 170/4 | €210,279 | €187,697 | -€22,582 | -10.7% |
| Amounts payable within one year | 42/48 | €195,151 | €220,540 | +€25,389 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €44,026 | €37,318 | -€6,708 | -15.2% |
| Trade debts | 44 | €97,425 | €119,345 | +€21,920 | +22.5% |
| Suppliers | 440/4 | €97,425 | €119,345 | +€21,920 | +22.5% |
| Taxes, remuneration and social security | 45 | €11,350 | €6,722 | -€4,628 | -40.8% |
| Taxes | 450/3 | €5,057 | €5,118 | +€61 | +1.2% |
| Remuneration and social security | 454/9 | €6,292 | €1,604 | -€4,688 | -74.5% |
| Other amounts payable | 47/48 | €42,350 | €57,155 | +€14,805 | +35.0% |
| Accrued charges and deferred income | 492/3 | €500 | €1,750 | +€1,250 | +250.0% |
| Turnover | 70 | €199,149 | - | -€199,149 | |
| Goods, raw materials, services and sundry goods | 60/61 | €176,265 | - | -€176,265 | |
| Remuneration, social security and pensions | 62 | -€425 | €1,812 | +€2,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,150 | €26,192 | +€13,042 | +99.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €5,865 | €40,108 | +€34,243 | +583.8% |
| Non-recurring operating charges | 66A | €4,568 | - | -€4,568 | |
| Gross operating margin | 9900 | €22,883 | €151,757 | +€128,874 | +563.2% |
| Operating profit (loss) | 9901 | -€275 | €38,645 | +€38,920 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €6,747 | €15,591 | +€8,844 | +131.1% |
| Recurring financial charges | 65 | €6,747 | €15,591 | +€8,844 | +131.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,014 | €23,054 | +€30,068 | |
| Income taxes | 67/77 | €3,273 | €17,701 | +€14,428 | +440.9% |
| Profit (loss) for the period | 9904 | -€10,287 | €5,353 | +€15,640 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,287 | €5,353 | +€15,640 |
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.