CREUPELANDT: what changed
CREUPELANDT
Largest movements
- Stocks and contracts -€8,538
down €8,538 (-47.6%), from €17,949 to €9,411
- Tangible fixed assets -€4,600
down €4,600 (-15.1%), from €30,363 to €25,763
of which Plant, machinery and equipment: -€4,308
- Cash -€4,010
down €4,010 (-70.1%), from €5,716 to €1,706
mainly Net result for the year (-€31,675) and Accrued charges and deferred income (-€4,650)
- Profit (loss) carried forward -€31,675
down €31,675 (-59.6%), from -€53,123 to -€84,798
- Trade debts +€12,350
up €12,350 (+451%), from €2,741 to €15,090
- Other debts +€5,556
up €5,556 (+16.2%), from €34,253 to €39,809
- Accrued charges and deferred income -€4,650
down €4,650 (-99.7%), from €4,665 to €15
- Tax, wage and social debts +€1,446
up €1,446 (+23.5%), from €6,146 to €7,591
of which Taxes: +€3,088
- Gross operating margin -€16,963
down €16,963, from €8,835 to -€8,128
- Staff costs +€8,440
up €8,440 (+169%), from €4,991 to €13,431
- Taxes +€2,278
new in 2025: €2,278
- Other operating charges +€701
up €701 (+561%), from €125 to €826
- Depreciation +€411
up €411 (+8.1%), from €5,102 to €5,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,681 | €42,708 | -€16,974 | -28.4% |
| Fixed assets | 21/28 | €35,346 | €30,546 | -€4,800 | -13.6% |
| Intangible fixed assets | 21 | €1,483 | €1,283 | -€200 | -13.5% |
| Tangible fixed assets | 22/27 | €30,363 | €25,763 | -€4,600 | -15.1% |
| Plant, machinery and equipment | 23 | €27,312 | €23,005 | -€4,308 | -15.8% |
| Furniture and vehicles | 24 | €3,050 | €2,758 | -€292 | -9.6% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €24,336 | €12,162 | -€12,174 | -50.0% |
| Stocks and contracts in progress | 3 | €17,949 | €9,411 | -€8,538 | -47.6% |
| Stocks | 30/36 | €17,949 | €9,411 | -€8,538 | -47.6% |
| Amounts receivable within one year | 40/41 | €671 | €1,044 | +€373 | +55.6% |
| Trade receivables | 40 | €671 | €1,044 | +€373 | +55.6% |
| Cash at bank and in hand | 54/58 | €5,716 | €1,706 | -€4,010 | -70.1% |
| Total equity and liabilities | 10/49 | €59,681 | €42,708 | -€16,974 | -28.4% |
| Equity | 10/15 | -€43,123 | -€74,798 | -€31,675 | -73.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,123 | -€84,798 | -€31,675 | -59.6% |
| Amounts payable | 17/49 | €102,804 | €117,506 | +€14,702 | +14.3% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Financial debts | 170/4 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,139 | €62,491 | +€19,352 | +44.9% |
| Trade debts | 44 | €2,741 | €15,090 | +€12,350 | +451% |
| Suppliers | 440/4 | €2,741 | €15,090 | +€12,350 | +451% |
| Taxes, remuneration and social security | 45 | €6,146 | €7,591 | +€1,446 | +23.5% |
| Taxes | 450/3 | €3,283 | €6,371 | +€3,088 | +94.1% |
| Remuneration and social security | 454/9 | €2,863 | €1,221 | -€1,642 | -57.4% |
| Other amounts payable | 47/48 | €34,253 | €39,809 | +€5,556 | +16.2% |
| Accrued charges and deferred income | 492/3 | €4,665 | €15 | -€4,650 | -99.7% |
| Remuneration, social security and pensions | 62 | €4,991 | €13,431 | +€8,440 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €5,514 | +€411 | +8.1% |
| Other operating charges | 640/8 | €125 | €826 | +€701 | +561% |
| Gross operating margin | 9900 | €8,835 | -€8,128 | -€16,963 | |
| Operating profit (loss) | 9901 | -€1,384 | -€27,899 | -€26,516 | -1,916% |
| Financial income | 75/76B | €251 | €1 | -€251 | -99.8% |
| Recurring financial income | 75 | €251 | €1 | -€251 | -99.8% |
| Financial charges | 65/66B | €1,398 | €1,498 | +€100 | +7.2% |
| Recurring financial charges | 65 | €1,398 | €1,498 | +€100 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | -€29,397 | -€26,866 | -1,062% |
| Income taxes | 67/77 | - | €2,278 | +€2,278 | |
| Profit (loss) for the period | 9904 | -€2,531 | -€31,675 | -€29,145 | -1,152% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | -€31,675 | -€29,145 | -1,152% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.