CRENO: 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.
CRENO
Largest movements
- Receivables within one year -€190,006
down €190,006 (-59.8%), from €317,894 to €127,888
of which Trade receivables: -€180,203
- Cash +€150,941
up €150,941 (+59.5%), from €253,664 to €404,606
mainly Other debts (+€194,760) and Receivables within one year (+€190,006)
- Tangible fixed assets -€10,463
down €10,463 (-36.2%), from €28,910 to €18,447
of which Furniture and vehicles: -€10,924
- Trade debts -€210,083
down €210,083 (-72.9%), from €288,185 to €78,102
- Other debts +€194,760
up €194,760 (+556.5%), from €35,000 to €229,760
- Reserves -€48,967
down €48,967 (-21.3%), from €229,760 to €180,794
- Tax, wage and social debts +€28,050
up €28,050 (+211.1%), from €13,286 to €41,336
of which Taxes: +€27,930
- Debts after one year -€6,155
down €6,155 (-70.3%), from €8,749 to €2,594
- Gross operating margin +€124,923
up €124,923 (+81.7%), from €152,855 to €277,777
- Taxes +€50,028
up €50,028 (+171.3%), from €29,208 to €79,236
- Financial charges +€5,772
up €5,772 (+294.1%), from €1,963 to €7,735
- Financial income +€4,324
up €4,324 (+351.0%), from €1,232 to €5,555
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 | €602,554 | €557,342 | -€45,213 | -7.5% |
| Fixed assets | 21/28 | €29,010 | €18,547 | -€10,463 | -36.1% |
| Tangible fixed assets | 22/27 | €28,910 | €18,447 | -€10,463 | -36.2% |
| Plant, machinery and equipment | 23 | €8,832 | €9,293 | +€461 | +5.2% |
| Furniture and vehicles | 24 | €20,078 | €9,154 | -€10,924 | -54.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €573,544 | €538,795 | -€34,750 | -6.1% |
| Amounts receivable within one year | 40/41 | €317,894 | €127,888 | -€190,006 | -59.8% |
| Trade receivables | 40 | €296,703 | €116,500 | -€180,203 | -60.7% |
| Other amounts receivable | 41 | €21,191 | €11,388 | -€9,803 | -46.3% |
| Cash at bank and in hand | 54/58 | €253,664 | €404,606 | +€150,941 | +59.5% |
| Deferred charges and accrued income | 490/1 | €1,986 | €6,301 | +€4,315 | +217.3% |
| Total equity and liabilities | 10/49 | €602,554 | €557,342 | -€45,213 | -7.5% |
| Equity | 10/15 | €248,360 | €199,394 | -€48,967 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,760 | €180,794 | -€48,967 | -21.3% |
| Distributable reserves | 133 | €229,760 | €180,794 | -€48,967 | -21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €354,194 | €357,948 | +€3,754 | +1.1% |
| Amounts payable after more than one year | 17 | €8,749 | €2,594 | -€6,155 | -70.3% |
| Financial debts | 170/4 | €8,749 | €2,594 | -€6,155 | -70.3% |
| Amounts payable within one year | 42/48 | €345,444 | €355,354 | +€9,909 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €8,228 | €6,155 | -€2,073 | -25.2% |
| Trade debts | 44 | €288,185 | €78,102 | -€210,083 | -72.9% |
| Suppliers | 440/4 | €288,185 | €78,102 | -€210,083 | -72.9% |
| Advances received on contracts in progress | 46 | €746 | €0 | -€746 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,286 | €41,336 | +€28,050 | +211.1% |
| Taxes | 450/3 | €13,286 | €41,216 | +€27,930 | +210.2% |
| Remuneration and social security | 454/9 | €0 | €120 | +€120 | |
| Other amounts payable | 47/48 | €35,000 | €229,760 | +€194,760 | +556.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,956 | €14,716 | -€1,240 | -7.8% |
| Other operating charges | 640/8 | €1,794 | €852 | -€941 | -52.5% |
| Gross operating margin | 9900 | €152,855 | €277,777 | +€124,923 | +81.7% |
| Operating profit (loss) | 9901 | €135,105 | €262,209 | +€127,104 | +94.1% |
| Financial income | 75/76B | €1,232 | €5,555 | +€4,324 | +351.0% |
| Recurring financial income | 75 | €1,232 | €5,555 | +€4,324 | +351.0% |
| Financial charges | 65/66B | €1,963 | €7,735 | +€5,772 | +294.1% |
| Recurring financial charges | 65 | €1,963 | €7,735 | +€5,772 | +294.1% |
| Profit (loss) for the period before taxes | 9903 | €134,374 | €260,029 | +€125,656 | +93.5% |
| Income taxes | 67/77 | €29,208 | €79,236 | +€50,028 | +171.3% |
| Profit (loss) for the period | 9904 | €105,166 | €180,794 | +€75,627 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,166 | €180,794 | +€75,627 | +71.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.