CREMO: 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.
CREMO
Largest movements
- Tangible fixed assets -€202,813
down €202,813 (-16.3%), from €1.2m to €1.0m
- Reserves -€320,000
down €320,000 (-45.3%), from €706,197 to €386,197
of which Distributable reserves: -€320,000
- Other debts +€121,800
up €121,800 (+38.6%), from €315,800 to €437,600
- Debts after one year -€40,646
down €40,646 (-70.5%), from €57,624 to €16,977
- Trade debts +€29,384
up €29,384 (+34.4%), from €85,473 to €114,856
- Gross operating margin -€94,202
down €94,202 (-1,044%), from -€9,020 to -€103,222
- Depreciation -€10,909
down €10,909 (-62.9%), from €17,348 to €6,439
- Write-downs +€2,390
new in 2025: €2,390
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 | €1,267,188 | €1,059,210 | -€207,978 | -16.4% |
| Fixed assets | 21/28 | €1,257,455 | €1,054,642 | -€202,813 | -16.1% |
| Tangible fixed assets | 22/27 | €1,247,392 | €1,044,579 | -€202,813 | -16.3% |
| Land and buildings | 22 | €1,247,392 | €1,044,579 | -€202,813 | -16.3% |
| Financial fixed assets | 28 | €10,063 | €10,063 | = | 0.0% |
| Current assets | 29/58 | €9,733 | €4,567 | -€5,165 | -53.1% |
| Amounts receivable within one year | 40/41 | €2,390 | €0 | -€2,390 | -100% |
| Trade receivables | 40 | €2,390 | €0 | -€2,390 | -100% |
| Cash at bank and in hand | 54/58 | €7,343 | €4,529 | -€2,814 | -38.3% |
| Deferred charges and accrued income | 490/1 | - | €38 | +€38 | |
| Total equity and liabilities | 10/49 | €1,267,188 | €1,059,210 | -€207,978 | -16.4% |
| Equity | 10/15 | €768,334 | €449,129 | -€319,205 | -41.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €706,197 | €386,197 | -€320,000 | -45.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €380,000 | -€320,000 | -45.7% |
| Profit (loss) carried forward | 14 | €163 | €959 | +€795 | +487% |
| Amounts payable | 17/49 | €498,854 | €610,080 | +€111,227 | +22.3% |
| Amounts payable after more than one year | 17 | €57,624 | €16,977 | -€40,646 | -70.5% |
| Financial debts | 170/4 | €57,624 | €16,977 | -€40,646 | -70.5% |
| Amounts payable within one year | 42/48 | €441,230 | €593,103 | +€151,873 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €39,957 | €40,646 | +€689 | +1.7% |
| Trade debts | 44 | €85,473 | €114,856 | +€29,384 | +34.4% |
| Suppliers | 440/4 | €85,473 | €114,856 | +€29,384 | +34.4% |
| Other amounts payable | 47/48 | €315,800 | €437,600 | +€121,800 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,348 | €6,439 | -€10,909 | -62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,390 | +€2,390 | |
| Other operating charges | 640/8 | €9,209 | €9,281 | +€73 | +0.8% |
| Non-recurring operating charges | 66A | - | €196,373 | +€196,373 | |
| Gross operating margin | 9900 | -€9,020 | -€103,222 | -€94,202 | -1,044% |
| Operating profit (loss) | 9901 | -€35,578 | -€317,706 | -€282,129 | -793% |
| Financial charges | 65/66B | €2,160 | €1,499 | -€662 | -30.6% |
| Recurring financial charges | 65 | €2,160 | €1,499 | -€662 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,738 | -€319,205 | -€281,467 | -746% |
| Profit (loss) for the period | 9904 | -€37,738 | -€319,205 | -€281,467 | -746% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,738 | -€319,205 | -€281,467 | -746% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.