CREVACO MANAGEMENT: 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.
CREVACO MANAGEMENT
Largest movements
- Cash +€185,906
up €185,906 (+8,730%), from €2,129 to €188,036
mainly Net result for the year (+€132,033) and Current portion of long-term debt (+€75,000)
- Financial fixed assets +€40,000
new in 2025: €40,000
- Receivables within one year -€22,894
down €22,894 (-53.2%), from €43,039 to €20,145
- Current investments +€20,317
new in 2025: €20,317
- Tangible fixed assets +€11,791
new in 2025: €11,791
- Reserves +€132,033
up €132,033 (+811%), from €16,281 to €148,314
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Tax, wage and social debts +€36,679
up €36,679 (+254%), from €14,448 to €51,127
- Accrued charges and deferred income -€4,793
down €4,793 (-77.3%), from €6,199 to €1,406
- Other debts -€4,007
down €4,007 (-83.8%), from €4,778 to €772
- Gross operating margin +€154,185
up €154,185 (+682%), from €22,606 to €176,791
- Taxes +€33,526
up €33,526 (+725%), from €4,627 to €38,153
- Financial charges +€5,063
up €5,063 (+1,300%), from €390 to €5,452
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 | €45,289 | €280,288 | +€234,999 | +519% |
| Fixed assets | 21/28 | - | €51,791 | +€51,791 | |
| Tangible fixed assets | 22/27 | - | €11,791 | +€11,791 | |
| Furniture and vehicles | 24 | - | €11,791 | +€11,791 | |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €45,289 | €228,498 | +€183,209 | +405% |
| Amounts receivable within one year | 40/41 | €43,039 | €20,145 | -€22,894 | -53.2% |
| Trade receivables | 40 | €43,039 | €20,145 | -€22,894 | -53.2% |
| Current investments | 50/53 | - | €20,317 | +€20,317 | |
| Cash at bank and in hand | 54/58 | €2,129 | €188,036 | +€185,906 | +8,730% |
| Deferred charges and accrued income | 490/1 | €120 | €0 | -€120 | -100% |
| Total equity and liabilities | 10/49 | €45,289 | €280,288 | +€234,999 | +519% |
| Equity | 10/15 | €18,781 | €150,814 | +€132,033 | +703% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €16,281 | €148,314 | +€132,033 | +811% |
| Distributable reserves | 133 | €16,281 | €148,314 | +€132,033 | +811% |
| Amounts payable | 17/49 | €26,508 | €129,475 | +€102,967 | +388% |
| Amounts payable within one year | 42/48 | €20,309 | €128,069 | +€107,760 | +531% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Financial debts | 43 | €5 | €76 | +€70 | +1,337% |
| Credit institutions | 430/8 | €5 | €76 | +€70 | +1,337% |
| Trade debts | 44 | €1,077 | €1,094 | +€17 | +1.6% |
| Suppliers | 440/4 | €1,077 | €1,094 | +€17 | +1.6% |
| Taxes, remuneration and social security | 45 | €14,448 | €51,127 | +€36,679 | +254% |
| Taxes | 450/3 | €14,448 | €51,127 | +€36,679 | +254% |
| Other amounts payable | 47/48 | €4,778 | €772 | -€4,007 | -83.8% |
| Accrued charges and deferred income | 492/3 | €6,199 | €1,406 | -€4,793 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €429 | +€429 | |
| Other operating charges | 640/8 | €1,308 | €727 | -€581 | -44.4% |
| Gross operating margin | 9900 | €22,606 | €176,791 | +€154,185 | +682% |
| Operating profit (loss) | 9901 | €21,298 | €175,636 | +€154,338 | +725% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €390 | €5,452 | +€5,063 | +1,300% |
| Recurring financial charges | 65 | €390 | €5,452 | +€5,063 | +1,300% |
| Profit (loss) for the period before taxes | 9903 | €20,908 | €170,186 | +€149,277 | +714% |
| Income taxes | 67/77 | €4,627 | €38,153 | +€33,526 | +725% |
| Profit (loss) for the period | 9904 | €16,281 | €132,033 | +€115,752 | +711% |
| Profit (loss) for the period to be appropriated | 9905 | €16,281 | €132,033 | +€115,752 | +711% |
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 24 October 2026 via checked.be.