CREST BELGIUM: 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.
CREST BELGIUM
Largest movements
- Receivables within one year +€5,504
up €5,504 (+23.1%), from €23,850 to €29,354
of which Other amounts receivable: +€5,711
- Cash +€4,645
up €4,645 (+36.5%), from €12,710 to €17,355
mainly Tax, wage and social debts (+€5,156) and Net result for the year (+€3,578)
- Stocks and contracts -€800
down €800 (-6.2%), from €13,000 to €12,200
- Tangible fixed assets -€795
down €795 (-70.2%), from €1,132 to €338
- Tax, wage and social debts +€5,156
up €5,156 (+43.7%), from €11,800 to €16,956
of which Remuneration and social security: +€4,710
- Reserves +€3,578
up €3,578 (+14.4%), from €24,890 to €28,468
of which Distributable reserves: +€3,578
- Trade debts -€1,179
down €1,179 (-14.5%), from €8,114 to €6,934
- Accrued charges and deferred income +€1,000
new in 2025: €1,000
- Staff costs -€4,380
down €4,380 (-67.1%), from €6,529 to €2,149
- Gross operating margin -€4,343
down €4,343 (-23.2%), from €18,713 to €14,371
- Financial charges -€1,119
down €1,119 (-28.2%), from €3,965 to €2,846
- Taxes +€290
up €290 (+20.9%), from €1,388 to €1,678
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 | €51,042 | €59,597 | +€8,555 | +16.8% |
| Fixed assets | 21/28 | €1,482 | €688 | -€795 | -53.6% |
| Tangible fixed assets | 22/27 | €1,132 | €338 | -€795 | -70.2% |
| Plant, machinery and equipment | 23 | €1,132 | €338 | -€795 | -70.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €49,560 | €58,909 | +€9,350 | +18.9% |
| Stocks and contracts in progress | 3 | €13,000 | €12,200 | -€800 | -6.2% |
| Stocks | 30/36 | €13,000 | €12,200 | -€800 | -6.2% |
| Amounts receivable within one year | 40/41 | €23,850 | €29,354 | +€5,504 | +23.1% |
| Trade receivables | 40 | €637 | €430 | -€207 | -32.5% |
| Other amounts receivable | 41 | €23,213 | €28,924 | +€5,711 | +24.6% |
| Cash at bank and in hand | 54/58 | €12,710 | €17,355 | +€4,645 | +36.5% |
| Total equity and liabilities | 10/49 | €51,042 | €59,597 | +€8,555 | +16.8% |
| Equity | 10/15 | €31,128 | €34,706 | +€3,578 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,890 | €28,468 | +€3,578 | +14.4% |
| Non-distributable reserves | 130/1 | €135 | €135 | = | 0.0% |
| Reserves not available under the articles | 1311 | €135 | €135 | = | 0.0% |
| Distributable reserves | 133 | €24,756 | €28,334 | +€3,578 | +14.5% |
| Profit (loss) carried forward | 14 | €38 | €38 | = | 0.0% |
| Amounts payable | 17/49 | €19,914 | €24,891 | +€4,977 | +25.0% |
| Amounts payable within one year | 42/48 | €19,914 | €23,891 | +€3,977 | +20.0% |
| Trade debts | 44 | €8,114 | €6,934 | -€1,179 | -14.5% |
| Suppliers | 440/4 | €8,114 | €6,934 | -€1,179 | -14.5% |
| Taxes, remuneration and social security | 45 | €11,800 | €16,956 | +€5,156 | +43.7% |
| Taxes | 450/3 | €3,035 | €3,482 | +€447 | +14.7% |
| Remuneration and social security | 454/9 | €8,765 | €13,474 | +€4,710 | +53.7% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €6,529 | €2,149 | -€4,380 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €795 | -€22 | -2.7% |
| Other operating charges | 640/8 | €4,220 | €4,239 | +€18 | +0.4% |
| Gross operating margin | 9900 | €18,713 | €14,371 | -€4,343 | -23.2% |
| Operating profit (loss) | 9901 | €7,148 | €7,188 | +€41 | +0.6% |
| Financial income | 75/76B | €802 | €913 | +€111 | +13.9% |
| Recurring financial income | 75 | €802 | €913 | +€111 | +13.9% |
| Financial charges | 65/66B | €3,965 | €2,846 | -€1,119 | -28.2% |
| Recurring financial charges | 65 | €3,965 | €2,846 | -€1,119 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €3,985 | €5,256 | +€1,270 | +31.9% |
| Income taxes | 67/77 | €1,388 | €1,678 | +€290 | +20.9% |
| Profit (loss) for the period | 9904 | €2,597 | €3,578 | +€981 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,597 | €3,578 | +€981 | +37.8% |
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 30 October 2026 via checked.be.