CREST: 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
CREST
NACE 49.420, Removal services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€138,167
2024 · -€114,867-€23,300
Equity
€4.7m
2024 · €4.9m-€138,167
Cash
€163,664
2024 · €258,567-€94,903
Balance sheet total
€13.8m
2024 · €14.1m-€310,878
Largest movements
Assets
- Tangible fixed assets -€467,828
down €467,828 (-3.8%), from €12.4m to €11.9m
of which Land and buildings: -€461,331
- Receivables after one year +€160,000
up €160,000 (+18.8%), from €850,000 to €1.0m
Equity and liabilities
- Debts after one year -€155,498
down €155,498 (-2.5%), from €6.2m to €6.0m
- Provisions -€149,043
down €149,043 (-8.0%), from €1.9m to €1.7m
of which Provisions for liabilities and charges: -€75,652
- Reserves -€142,527
down €142,527 (-4.1%), from €3.5m to €3.4m
of which Tax-exempt reserves: -€142,527
Income statement
- Write-downs +€95,265
up €95,265 (+557%), from €17,095 to €112,359
- Provisions -€75,000
no longer reported in 2025 (was €75,000)
- Taxes +€25,306
new in 2025: €25,306
- Financial charges -€19,154
down €19,154 (-6.8%), from €280,093 to €260,939
- Depreciation -€16,179
down €16,179 (-2.9%), from €561,908 to €545,728
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
-€114,867
Gross operating margin
-€694
Staff costs
-€241
Depreciation
+€16,179
Write-downs
-€95,265
Provisions
+€75,000
Other operating charges
-€1,530
Financial income
-€10,598
Financial charges
+€19,154
Taxes
-€25,306
Result 2025
-€138,167
raises the resultlowers the result
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
+€10,470
Investment
-€77,901
Financing
-€27,472
Cash 2024
€258,567
From operations (derived)
+€10,470
Net result for the year
-€138,167
Depreciation
+€545,728
Receivables after one year
-€160,000
Receivables within one year
-€49,492
Deferred charges and accrued income
-€42,361
Provisions
-€149,043
Trade debts
+€46,581
Tax, wage and social debts
+€7,585
Other debts
-€48,613
Accrued charges and deferred income
-€1,750
Investment (derived)
-€77,901
Investment in fixed assets (net)
-€77,901
Financing
-€27,472
Debts after one year
-€155,498
Current portion of long-term debt
+€128,026
Cash 2025
€163,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,075,598 | €13,764,720 | -€310,878 | -2.2% |
| Fixed assets | 21/28 | €12,529,215 | €12,061,387 | -€467,828 | -3.7% |
| Tangible fixed assets | 22/27 | €12,389,217 | €11,921,390 | -€467,828 | -3.8% |
| Land and buildings | 22 | €12,214,548 | €11,753,216 | -€461,331 | -3.8% |
| Plant, machinery and equipment | 23 | €62,319 | €16,600 | -€45,720 | -73.4% |
| Furniture and vehicles | 24 | €112,351 | €76,674 | -€35,677 | -31.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | - | €74,900 | +€74,900 | |
| Financial fixed assets | 28 | €139,997 | €139,997 | = | 0.0% |
| Current assets | 29/58 | €1,546,383 | €1,703,333 | +€156,950 | +10.1% |
| Amounts receivable after more than one year | 29 | €850,000 | €1,010,000 | +€160,000 | +18.8% |
| Other amounts receivable | 291 | €850,000 | €1,010,000 | +€160,000 | +18.8% |
| Amounts receivable within one year | 40/41 | €432,764 | €482,256 | +€49,492 | +11.4% |
| Trade receivables | 40 | €340,811 | €377,371 | +€36,559 | +10.7% |
| Other amounts receivable | 41 | €91,953 | €104,886 | +€12,933 | +14.1% |
| Cash at bank and in hand | 54/58 | €258,567 | €163,664 | -€94,903 | -36.7% |
| Deferred charges and accrued income | 490/1 | €5,052 | €47,413 | +€42,361 | +839% |
| Total equity and liabilities | 10/49 | €14,075,598 | €13,764,720 | -€310,878 | -2.2% |
| Equity | 10/15 | €4,871,286 | €4,733,119 | -€138,167 | -2.8% |
| Contributions | 10/11 | €155,087 | €155,087 | = | 0.0% |
| Capital | 10 | €155,087 | €155,087 | = | 0.0% |
| Issued capital | 100 | €155,087 | €155,087 | = | 0.0% |
| Reserves | 13 | €3,510,912 | €3,368,386 | -€142,527 | -4.1% |
| Non-distributable reserves | 130/1 | €55,538 | €55,538 | = | 0.0% |
| Legal reserve | 130 | €55,538 | €55,538 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,455,374 | €3,312,847 | -€142,527 | -4.1% |
| Profit (loss) carried forward | 14 | €1,205,287 | €1,209,647 | +€4,360 | +0.4% |
| Provisions and deferred taxes | 16 | €1,861,633 | €1,712,590 | -€149,043 | -8.0% |
| Provisions for liabilities and charges | 160/5 | €82,385 | €6,732 | -€75,652 | -91.8% |
| Major repairs and maintenance | 162 | €82,385 | €6,732 | -€75,652 | -91.8% |
| Deferred taxes | 168 | €1,779,248 | €1,705,858 | -€73,390 | -4.1% |
| Amounts payable | 17/49 | €7,342,679 | €7,319,011 | -€23,668 | -0.3% |
| Amounts payable after more than one year | 17 | €6,202,285 | €6,046,787 | -€155,498 | -2.5% |
| Financial debts | 170/4 | €6,202,285 | €6,046,787 | -€155,498 | -2.5% |
| Amounts payable within one year | 42/48 | €1,138,644 | €1,272,224 | +€133,580 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €564,444 | €692,469 | +€128,026 | +22.7% |
| Trade debts | 44 | €323,777 | €370,358 | +€46,581 | +14.4% |
| Suppliers | 440/4 | €323,777 | €370,358 | +€46,581 | +14.4% |
| Taxes, remuneration and social security | 45 | €22,750 | €30,336 | +€7,585 | +33.3% |
| Taxes | 450/3 | €22,750 | €30,336 | +€7,585 | +33.3% |
| Other amounts payable | 47/48 | €227,674 | €179,061 | -€48,613 | -21.4% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Non-recurring operating income | 76A | €501,772 | - | -€501,772 | |
| Remuneration, social security and pensions | 62 | €757 | €998 | +€241 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561,908 | €545,728 | -€16,179 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,095 | €112,359 | +€95,265 | +557% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,000 | - | -€75,000 | |
| Other operating charges | 640/8 | €398,074 | €399,604 | +€1,530 | +0.4% |
| Gross operating margin | 9900 | €1,133,918 | €1,133,224 | -€694 | -0.1% |
| Operating profit (loss) | 9901 | €81,083 | €74,534 | -€6,550 | -8.1% |
| Financial income | 75/76B | €10,752 | €155 | -€10,598 | -98.6% |
| Recurring financial income | 75 | €10,752 | €155 | -€10,598 | -98.6% |
| Financial charges | 65/66B | €280,093 | €260,939 | -€19,154 | -6.8% |
| Recurring financial charges | 65 | €280,093 | €260,939 | -€19,154 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€188,258 | -€186,251 | +€2,007 | +1.1% |
| Transfer from deferred taxes | 780 | €73,390 | €73,390 | = | 0.0% |
| Income taxes | 67/77 | - | €25,306 | +€25,306 | |
| Profit (loss) for the period | 9904 | -€114,867 | -€138,167 | -€23,300 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €142,527 | €142,527 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,660 | €4,360 | -€23,300 | -84.2% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.