CREPIGO: 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.
CREPIGO
Largest movements
- Cash +€330,834
up €330,834 (+137.3%), from €241,017 to €571,851
mainly Net result for the year (+€345,584) and Debts after one year (+€121,659)
- Tangible fixed assets +€195,684
up €195,684 (+41.0%), from €477,770 to €673,454
of which Land and buildings: +€205,001
- Receivables within one year +€28,458
up €28,458 (+59.6%), from €47,712 to €76,170
of which Trade receivables: +€24,853
- Reserves +€340,000
up €340,000 (+201.2%), from €169,000 to €509,000
- Debts after one year +€121,659
up €121,659 (+29.7%), from €409,725 to €531,384
- Tax, wage and social debts +€84,883
up €84,883 (+76.9%), from €110,404 to €195,288
- Advances received -€33,716
no longer reported in 2025 (was €33,716)
- Trade debts +€23,652
up €23,652 (+77.8%), from €30,416 to €54,068
- Gross operating margin +€241,903
up €241,903 (+69.1%), from €349,983 to €591,886
- Taxes +€69,484
up €69,484 (+72.8%), from €95,400 to €164,884
- Other operating charges -€26,997
down €26,997 (-43.2%), from €62,543 to €35,546
- Financial charges +€15,395
up €15,395 (+226.2%), from €6,807 to €22,202
- Depreciation +€9,521
up €9,521 (+53.5%), from €17,791 to €27,312
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 | €780,503 | €1,329,273 | +€548,770 | +70.3% |
| Fixed assets | 21/28 | €477,770 | €673,454 | +€195,684 | +41.0% |
| Tangible fixed assets | 22/27 | €477,770 | €673,454 | +€195,684 | +41.0% |
| Land and buildings | 22 | €442,132 | €647,134 | +€205,001 | +46.4% |
| Plant, machinery and equipment | 23 | €3,187 | €2,797 | -€389 | -12.2% |
| Furniture and vehicles | 24 | €30,916 | €22,158 | -€8,758 | -28.3% |
| Other tangible fixed assets | 26 | €1,536 | €1,366 | -€170 | -11.1% |
| Current assets | 29/58 | €302,733 | €655,818 | +€353,086 | +116.6% |
| Amounts receivable within one year | 40/41 | €47,712 | €76,170 | +€28,458 | +59.6% |
| Trade receivables | 40 | €6,297 | €31,151 | +€24,853 | +394.7% |
| Other amounts receivable | 41 | €41,415 | €45,019 | +€3,604 | +8.7% |
| Cash at bank and in hand | 54/58 | €241,017 | €571,851 | +€330,834 | +137.3% |
| Deferred charges and accrued income | 490/1 | €14,003 | €7,797 | -€6,206 | -44.3% |
| Total equity and liabilities | 10/49 | €780,503 | €1,329,273 | +€548,770 | +70.3% |
| Equity | 10/15 | €172,108 | €517,692 | +€345,584 | +200.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €169,000 | €509,000 | +€340,000 | +201.2% |
| Distributable reserves | 133 | €169,000 | €509,000 | +€340,000 | +201.2% |
| Profit (loss) carried forward | 14 | €108 | €5,692 | +€5,584 | +5162.9% |
| Amounts payable | 17/49 | €608,395 | €811,580 | +€203,186 | +33.4% |
| Amounts payable after more than one year | 17 | €409,725 | €531,384 | +€121,659 | +29.7% |
| Financial debts | 170/4 | €409,725 | €531,384 | +€121,659 | +29.7% |
| Amounts payable within one year | 42/48 | €198,670 | €280,196 | +€81,526 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €24,133 | €30,741 | +€6,607 | +27.4% |
| Trade debts | 44 | €30,416 | €54,068 | +€23,652 | +77.8% |
| Suppliers | 440/4 | €30,416 | €54,068 | +€23,652 | +77.8% |
| Advances received on contracts in progress | 46 | €33,716 | - | -€33,716 | |
| Taxes, remuneration and social security | 45 | €110,404 | €195,288 | +€84,883 | +76.9% |
| Taxes | 450/3 | €110,404 | €195,288 | +€84,883 | +76.9% |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,791 | €27,312 | +€9,521 | +53.5% |
| Other operating charges | 640/8 | €62,543 | €35,546 | -€26,997 | -43.2% |
| Gross operating margin | 9900 | €349,983 | €591,886 | +€241,903 | +69.1% |
| Operating profit (loss) | 9901 | €269,650 | €529,029 | +€259,379 | +96.2% |
| Financial income | 75/76B | €1,665 | €3,641 | +€1,976 | +118.7% |
| Recurring financial income | 75 | €1,665 | €3,641 | +€1,976 | +118.7% |
| Financial charges | 65/66B | €6,807 | €22,202 | +€15,395 | +226.2% |
| Recurring financial charges | 65 | €6,807 | €22,202 | +€15,395 | +226.2% |
| Profit (loss) for the period before taxes | 9903 | €264,508 | €510,469 | +€245,960 | +93.0% |
| Income taxes | 67/77 | €95,400 | €164,884 | +€69,484 | +72.8% |
| Profit (loss) for the period | 9904 | €169,108 | €345,584 | +€176,476 | +104.4% |
| Profit (loss) for the period to be appropriated | 9905 | €169,108 | €345,584 | +€176,476 | +104.4% |
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 5 October 2026 via checked.be.