CRENEAU INTERNATIONAL: 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.
What changed
CRENEAU INTERNATIONAL
NACE 74.130, Interior design
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€320,476
2024 · €48,507-€368,983
Equity
€56,099
2024 · €376,575-€320,476
Cash
€30,543
2024 · €238,125-€207,582
Balance sheet total
€4.0m
2024 · €4.6m-€563,302
Largest movements
Assets
- Stocks and contracts -€867,811
down €867,811 (-42.8%), from €2.0m to €1.2m
of which Contracts in progress: -€880,325
- Receivables within one year +€477,551
up €477,551 (+33.2%), from €1.4m to €1.9m
of which Other amounts receivable: +€517,957
- Cash -€207,582
down €207,582 (-87.2%), from €238,125 to €30,543
mainly Advances received (-€548,741) and Receivables within one year (-€477,551)
- Deferred charges and accrued income +€53,417
up €53,417 (+117%), from €45,729 to €99,145
Equity and liabilities
- Advances received -€548,741
down €548,741 (-73.8%), from €743,718 to €194,978
- Other debts +€518,249
up €518,249 (+99.2%), from €522,220 to €1.0m
- Trade debts -€440,851
down €440,851 (-37.4%), from €1.2m to €737,058
- Profit (loss) carried forward -€320,476
new in 2025: -€320,476
- Short-term financial debts +€177,064
up €177,064 (+27.2%), from €650,000 to €827,064
Income statement
- Gross operating margin -€1.2m
down €1.2m (-47.8%), from €2.6m to €1.3m
- Staff costs -€775,588
down €775,588 (-36.1%), from €2.1m to €1.4m
- Other operating charges -€52,098
down €52,098 (-60.3%), from €86,413 to €34,315
- Taxes -€29,507
down €29,507 (-86.4%), from €34,136 to €4,629
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
€48,507
Gross operating margin
-€1.2m
Staff costs
+€775,588
Depreciation
+€20,853
Write-downs
-€20,099
Other operating charges
+€52,098
Other operating items
+€183
Financial income
+€11,296
Financial charges
-€10,858
Taxes
+€29,507
Result 2025
-€320,476
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€314,980
Investment
-€110,523
Financing
+€217,920
Cash 2024
€238,125
From operations (derived)
-€314,980
Net result for the year
-€320,476
Depreciation
+€129,399
Stocks and contracts
+€867,811
Receivables within one year
-€477,551
Deferred charges and accrued income
-€53,417
Trade debts
-€440,851
Tax, wage and social debts
+€103,739
Advances received
-€548,741
Other debts
+€518,249
Accrued charges and deferred income
-€93,142
Investment (derived)
-€110,523
Investment in fixed assets (net)
-€110,523
Financing
+€217,920
Debts after one year
+€80,005
Current portion of long-term debt
-€39,149
Short-term financial debts
+€177,064
Cash 2025
€30,543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,583,439 | €4,020,137 | -€563,302 | -12.3% |
| Fixed assets | 21/28 | €833,830 | €814,953 | -€18,876 | -2.3% |
| Intangible fixed assets | 21 | €73,678 | €48,681 | -€24,997 | -33.9% |
| Tangible fixed assets | 22/27 | €693,858 | €699,980 | +€6,121 | +0.9% |
| Land and buildings | 22 | €561,064 | €531,565 | -€29,499 | -5.3% |
| Plant, machinery and equipment | 23 | €53,393 | €67,307 | +€13,914 | +26.1% |
| Furniture and vehicles | 24 | €9,384 | €1,629 | -€7,754 | -82.6% |
| Leasing and similar rights | 25 | €70,018 | €99,478 | +€29,460 | +42.1% |
| Financial fixed assets | 28 | €66,293 | €66,293 | = | 0.0% |
| Current assets | 29/58 | €3,749,609 | €3,205,183 | -€544,426 | -14.5% |
| Stocks and contracts in progress | 3 | €2,025,425 | €1,157,614 | -€867,811 | -42.8% |
| Stocks | 30/36 | €184,959 | €197,473 | +€12,514 | +6.8% |
| Contracts in progress | 37 | €1,840,466 | €960,142 | -€880,325 | -47.8% |
| Amounts receivable within one year | 40/41 | €1,440,330 | €1,917,881 | +€477,551 | +33.2% |
| Trade receivables | 40 | €1,295,550 | €1,255,144 | -€40,406 | -3.1% |
| Other amounts receivable | 41 | €144,780 | €662,737 | +€517,957 | +358% |
| Cash at bank and in hand | 54/58 | €238,125 | €30,543 | -€207,582 | -87.2% |
| Deferred charges and accrued income | 490/1 | €45,729 | €99,145 | +€53,417 | +117% |
| Total equity and liabilities | 10/49 | €4,583,439 | €4,020,137 | -€563,302 | -12.3% |
| Equity | 10/15 | €376,575 | €56,099 | -€320,476 | -85.1% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €190,575 | €190,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €171,975 | €171,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€320,476 | -€320,476 | |
| Amounts payable | 17/49 | €4,206,863 | €3,964,037 | -€242,826 | -5.8% |
| Amounts payable after more than one year | 17 | €638,624 | €718,629 | +€80,005 | +12.5% |
| Financial debts | 170/4 | €638,624 | €718,629 | +€80,005 | +12.5% |
| Amounts payable within one year | 42/48 | €3,426,819 | €3,197,130 | -€229,689 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €63,799 | €24,650 | -€39,149 | -61.4% |
| Financial debts | 43 | €650,000 | €827,064 | +€177,064 | +27.2% |
| Credit institutions | 430/8 | €650,000 | €827,064 | +€177,064 | +27.2% |
| Trade debts | 44 | €1,177,909 | €737,058 | -€440,851 | -37.4% |
| Suppliers | 440/4 | €1,177,909 | €737,058 | -€440,851 | -37.4% |
| Advances received on contracts in progress | 46 | €743,718 | €194,978 | -€548,741 | -73.8% |
| Taxes, remuneration and social security | 45 | €269,172 | €372,911 | +€103,739 | +38.5% |
| Taxes | 450/3 | €68,652 | €94,475 | +€25,823 | +37.6% |
| Remuneration and social security | 454/9 | €200,521 | €278,437 | +€77,916 | +38.9% |
| Other amounts payable | 47/48 | €522,220 | €1,040,469 | +€518,249 | +99.2% |
| Accrued charges and deferred income | 492/3 | €141,420 | €48,278 | -€93,142 | -65.9% |
| Non-recurring operating income | 76A | €18,786 | €700 | -€18,086 | -96.3% |
| Remuneration, social security and pensions | 62 | €2,149,447 | €1,373,859 | -€775,588 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,253 | €129,399 | -€20,853 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,099 | €0 | +€20,099 | |
| Other operating charges | 640/8 | €86,413 | €34,315 | -€52,098 | -60.3% |
| Non-recurring operating charges | 66A | €183 | €0 | -€183 | -100% |
| Gross operating margin | 9900 | €2,570,451 | €1,342,899 | -€1.2m | -47.8% |
| Operating profit (loss) | 9901 | €204,254 | -€194,674 | -€398,928 | |
| Financial income | 75/76B | €6,253 | €17,549 | +€11,296 | +181% |
| Recurring financial income | 75 | €6,253 | €17,549 | +€11,296 | +181% |
| Financial charges | 65/66B | €127,864 | €138,723 | +€10,858 | +8.5% |
| Recurring financial charges | 65 | €127,864 | €138,723 | +€10,858 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €82,643 | -€315,848 | -€398,490 | |
| Income taxes | 67/77 | €34,136 | €4,629 | -€29,507 | -86.4% |
| Profit (loss) for the period | 9904 | €48,507 | -€320,476 | -€368,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,507 | -€320,476 | -€368,983 |
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.