CREVAG: 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.
CREVAG
Largest movements
- Receivables within one year +€105,595
up €105,595 (+94.6%), from €111,594 to €217,189
of which Trade receivables: +€89,102
- Tangible fixed assets +€43,380
up €43,380 (+484%), from €8,959 to €52,339
of which Land and buildings: +€43,333
- Cash +€14,154
up €14,154 (+17.7%), from €79,748 to €93,902
mainly Trade debts (+€99,437) and Net result for the year (+€32,566)
- Trade debts +€99,437
up €99,437 (+123%), from €80,989 to €180,426
- Profit (loss) carried forward +€32,566
up €32,566 (+42.4%), from €76,838 to €109,404
- Debts after one year +€17,054
new in 2025: €17,054
- Tax, wage and social debts +€6,928
up €6,928 (+154%), from €4,501 to €11,429
of which Taxes: +€9,569
- Current portion of long-term debt +€4,450
new in 2025: €4,450
- Taxes +€7,617
up €7,617 (+400%), from €1,906 to €9,523
- Gross operating margin -€4,859
down €4,859 (-7.5%), from €64,995 to €60,136
- Other operating charges +€3,545
up €3,545 (+554%), from €640 to €4,185
- Financial charges +€1,800
up €1,800 (+45.0%), from €3,998 to €5,799
- Depreciation +€772
up €772 (+10.6%), from €7,296 to €8,068
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 | €203,966 | €367,822 | +€163,856 | +80.3% |
| Fixed assets | 21/28 | €11,819 | €55,199 | +€43,380 | +367% |
| Tangible fixed assets | 22/27 | €8,959 | €52,339 | +€43,380 | +484% |
| Land and buildings | 22 | - | €43,333 | +€43,333 | |
| Plant, machinery and equipment | 23 | €4,579 | €2,319 | -€2,260 | -49.4% |
| Furniture and vehicles | 24 | €4,380 | €6,687 | +€2,308 | +52.7% |
| Financial fixed assets | 28 | €2,860 | €2,860 | = | 0.0% |
| Current assets | 29/58 | €192,148 | €312,623 | +€120,476 | +62.7% |
| Amounts receivable within one year | 40/41 | €111,594 | €217,189 | +€105,595 | +94.6% |
| Trade receivables | 40 | €105,736 | €194,838 | +€89,102 | +84.3% |
| Other amounts receivable | 41 | €5,858 | €22,351 | +€16,494 | +282% |
| Cash at bank and in hand | 54/58 | €79,748 | €93,902 | +€14,154 | +17.7% |
| Deferred charges and accrued income | 490/1 | €806 | €1,532 | +€727 | +90.2% |
| Total equity and liabilities | 10/49 | €203,966 | €367,822 | +€163,856 | +80.3% |
| Equity | 10/15 | €76,838 | €109,404 | +€32,566 | +42.4% |
| Profit (loss) carried forward | 14 | €76,838 | €109,404 | +€32,566 | +42.4% |
| Amounts payable | 17/49 | €127,129 | €258,419 | +€131,290 | +103% |
| Amounts payable after more than one year | 17 | - | €17,054 | +€17,054 | |
| Financial debts | 170/4 | - | €17,054 | +€17,054 | |
| Amounts payable within one year | 42/48 | €127,129 | €241,364 | +€114,236 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,450 | +€4,450 | |
| Financial debts | 43 | €70 | - | -€70 | |
| Credit institutions | 430/8 | €70 | - | -€70 | |
| Trade debts | 44 | €80,989 | €180,426 | +€99,437 | +123% |
| Suppliers | 440/4 | €80,989 | €180,426 | +€99,437 | +123% |
| Taxes, remuneration and social security | 45 | €4,501 | €11,429 | +€6,928 | +154% |
| Taxes | 450/3 | €1,861 | €11,429 | +€9,569 | +514% |
| Remuneration and social security | 454/9 | €2,641 | - | -€2,641 | |
| Other amounts payable | 47/48 | €41,568 | €45,059 | +€3,491 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,296 | €8,068 | +€772 | +10.6% |
| Other operating charges | 640/8 | €640 | €4,185 | +€3,545 | +554% |
| Gross operating margin | 9900 | €64,995 | €60,136 | -€4,859 | -7.5% |
| Operating profit (loss) | 9901 | €57,059 | €47,883 | -€9,176 | -16.1% |
| Financial income | 75/76B | €142 | €4 | -€138 | -96.9% |
| Recurring financial income | 75 | €142 | €4 | -€138 | -96.9% |
| Financial charges | 65/66B | €3,998 | €5,799 | +€1,800 | +45.0% |
| Recurring financial charges | 65 | €3,998 | €5,799 | +€1,800 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €53,203 | €42,089 | -€11,114 | -20.9% |
| Income taxes | 67/77 | €1,906 | €9,523 | +€7,617 | +400% |
| Profit (loss) for the period | 9904 | €51,296 | €32,566 | -€18,731 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,296 | €32,566 | -€18,731 | -36.5% |
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 25 October 2026 via checked.be.