CREVECOEUR: 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.
CREVECOEUR
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+179%), from €701,633 to €2.0m
of which Assets under construction and advance payments: +€1.0m
- Cash +€108,025
up €108,025 (+452%), from €23,905 to €131,930
mainly Debts after one year (+€1.3m) and Trade debts (+€330,900)
- Debts after one year +€1.3m
new in 2025: €1.3m
of which Other amounts payable: +€1.1m
- Other debts -€391,000
down €391,000 (-97.5%), from €401,000 to €10,000
- Trade debts +€330,900
up €330,900 (+267%), from €124,021 to €454,921
- Tax, wage and social debts +€103,764
new in 2025: €103,764
- Gross operating margin +€28,202
up €28,202 (+350%), from €8,047 to €36,249
- Depreciation -€15,663
down €15,663 (-50.3%), from €31,134 to €15,471
- Financial charges +€3,552
up €3,552 (+2,069%), from €172 to €3,724
- Other operating charges -€934
down €934 (-16.7%), from €5,600 to €4,666
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 | €756,640 | €2,124,342 | +€1.4m | +181% |
| Fixed assets | 21/28 | €701,633 | €1,956,590 | +€1.3m | +179% |
| Tangible fixed assets | 22/27 | €701,633 | €1,956,590 | +€1.3m | +179% |
| Land and buildings | 22 | €444,160 | €654,824 | +€210,664 | +47.4% |
| Assets under construction and advance payments | 27 | €257,473 | €1,301,765 | +€1.0m | +406% |
| Current assets | 29/58 | €55,007 | €167,753 | +€112,746 | +205% |
| Stocks and contracts in progress | 3 | €24,269 | €16,054 | -€8,215 | -33.8% |
| Stocks | 30/36 | €24,269 | €16,054 | -€8,215 | -33.8% |
| Amounts receivable within one year | 40/41 | €6,832 | €19,769 | +€12,936 | +189% |
| Trade receivables | 40 | €1,470 | €19,769 | +€18,299 | +1,245% |
| Other amounts receivable | 41 | €5,362 | - | -€5,362 | |
| Cash at bank and in hand | 54/58 | €23,905 | €131,930 | +€108,025 | +452% |
| Total equity and liabilities | 10/49 | €756,640 | €2,124,342 | +€1.4m | +181% |
| Equity | 10/15 | €231,618 | €244,007 | +€12,389 | +5.3% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €4,400 | €4,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,400 | €4,400 | = | 0.0% |
| Legal reserve | 130 | €4,400 | €4,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,254 | -€57,865 | +€12,389 | +17.6% |
| Amounts payable | 17/49 | €525,021 | €1,880,335 | +€1.4m | +258% |
| Amounts payable after more than one year | 17 | - | €1,298,319 | +€1.3m | |
| Financial debts | 170/4 | - | €232,319 | +€232,319 | |
| Other amounts payable | 178/9 | - | €1,066,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €525,021 | €582,016 | +€56,995 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,331 | +€13,331 | |
| Trade debts | 44 | €124,021 | €454,921 | +€330,900 | +267% |
| Suppliers | 440/4 | €124,021 | €454,921 | +€330,900 | +267% |
| Taxes, remuneration and social security | 45 | - | €103,764 | +€103,764 | |
| Taxes | 450/3 | - | €103,764 | +€103,764 | |
| Other amounts payable | 47/48 | €401,000 | €10,000 | -€391,000 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,134 | €15,471 | -€15,663 | -50.3% |
| Other operating charges | 640/8 | €5,600 | €4,666 | -€934 | -16.7% |
| Gross operating margin | 9900 | €8,047 | €36,249 | +€28,202 | +350% |
| Operating profit (loss) | 9901 | -€28,687 | €16,113 | +€44,799 | |
| Financial charges | 65/66B | €172 | €3,724 | +€3,552 | +2,069% |
| Recurring financial charges | 65 | €172 | €3,724 | +€3,552 | +2,069% |
| Profit (loss) for the period before taxes | 9903 | -€28,859 | €12,389 | +€41,247 | |
| Profit (loss) for the period | 9904 | -€28,859 | €12,389 | +€41,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,859 | €12,389 | +€41,247 |
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 31 October 2026 via checked.be.