CREVITS: 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.
CREVITS
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-58.3%), from €1.8m to €770,398
- Receivables within one year +€472,795
up €472,795 (+158%), from €298,538 to €771,332
of which Trade receivables: +€472,804
- Current investments +€300,000
new in 2025: €300,000
- Cash -€201,247
down €201,247 (-9.1%), from €2.2m to €2.0m
mainly Contributions, distributions and other (-€709,911) and Receivables within one year (-€472,795)
- Trade debts -€462,625
down €462,625 (-67.3%), from €687,569 to €224,944
- Reserves -€176,568
down €176,568 (-16.6%), from €1.1m to €885,148
of which Distributable reserves: -€176,568
- Other debts +€131,906
up €131,906 (+10.1%), from €1.3m to €1.4m
- Tax, wage and social debts +€98,808
up €98,808 (+98.9%), from €99,937 to €198,746
of which Taxes: +€107,738
- Debts after one year -€49,508
down €49,508 (-53.1%), from €93,226 to €43,718
- Taxes +€149,303
up €149,303 (+147%), from €101,292 to €250,595
- Gross operating margin +€96,061
up €96,061 (+7.3%), from €1.3m to €1.4m
- Staff costs -€29,423
down €29,423 (-5.3%), from €557,894 to €528,471
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 | €4,659,550 | €4,193,630 | -€465,920 | -10.0% |
| Fixed assets | 21/28 | €289,291 | €326,281 | +€36,990 | +12.8% |
| Tangible fixed assets | 22/27 | €289,156 | €326,146 | +€36,990 | +12.8% |
| Land and buildings | 22 | €52,850 | €76,052 | +€23,202 | +43.9% |
| Plant, machinery and equipment | 23 | €70,172 | €77,202 | +€7,030 | +10.0% |
| Furniture and vehicles | 24 | €116,134 | €122,893 | +€6,759 | +5.8% |
| Leasing and similar rights | 25 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €4,370,259 | €3,867,349 | -€502,910 | -11.5% |
| Stocks and contracts in progress | 3 | €1,845,749 | €770,398 | -€1.1m | -58.3% |
| Stocks | 30/36 | €1,845,749 | €770,398 | -€1.1m | -58.3% |
| Amounts receivable within one year | 40/41 | €298,538 | €771,332 | +€472,795 | +158% |
| Trade receivables | 40 | €298,528 | €771,332 | +€472,804 | +158% |
| Other amounts receivable | 41 | €9 | €0 | -€9 | -100% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €2,220,365 | €2,019,118 | -€201,247 | -9.1% |
| Deferred charges and accrued income | 490/1 | €5,607 | €6,500 | +€893 | +15.9% |
| Total equity and liabilities | 10/49 | €4,659,550 | €4,193,630 | -€465,920 | -10.0% |
| Equity | 10/15 | €2,179,639 | €2,003,071 | -€176,568 | -8.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,061,717 | €885,148 | -€176,568 | -16.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,061,717 | €885,148 | -€176,568 | -16.6% |
| Profit (loss) carried forward | 14 | €867,922 | €867,922 | = | 0.0% |
| Amounts payable | 17/49 | €2,479,911 | €2,190,559 | -€289,352 | -11.7% |
| Amounts payable after more than one year | 17 | €93,226 | €43,718 | -€49,508 | -53.1% |
| Financial debts | 170/4 | €93,226 | €43,718 | -€49,508 | -53.1% |
| Amounts payable within one year | 42/48 | €2,385,717 | €2,145,842 | -€239,875 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €46,472 | €49,508 | +€3,036 | +6.5% |
| Trade debts | 44 | €687,569 | €224,944 | -€462,625 | -67.3% |
| Suppliers | 440/4 | €687,569 | €224,944 | -€462,625 | -67.3% |
| Advances received on contracts in progress | 46 | €245,000 | €234,000 | -€11,000 | -4.5% |
| Taxes, remuneration and social security | 45 | €99,937 | €198,746 | +€98,808 | +98.9% |
| Taxes | 450/3 | €21,363 | €129,100 | +€107,738 | +504% |
| Remuneration and social security | 454/9 | €78,575 | €69,645 | -€8,929 | -11.4% |
| Other amounts payable | 47/48 | €1,306,739 | €1,438,645 | +€131,906 | +10.1% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating income | 76A | €1,118 | €4,700 | +€3,582 | +320% |
| Remuneration, social security and pensions | 62 | €557,894 | €528,471 | -€29,423 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,341 | €71,765 | +€12,425 | +20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,774 | +€3,774 | |
| Other operating charges | 640/8 | €15,157 | €16,372 | +€1,215 | +8.0% |
| Gross operating margin | 9900 | €1,317,844 | €1,413,905 | +€96,061 | +7.3% |
| Operating profit (loss) | 9901 | €685,453 | €793,524 | +€108,071 | +15.8% |
| Financial income | 75/76B | €4,381 | €3,720 | -€662 | -15.1% |
| Recurring financial income | 75 | €4,381 | €3,720 | -€662 | -15.1% |
| Financial charges | 65/66B | €15,314 | €13,306 | -€2,009 | -13.1% |
| Recurring financial charges | 65 | €15,314 | €13,306 | -€2,009 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €674,520 | €783,938 | +€109,418 | +16.2% |
| Income taxes | 67/77 | €101,292 | €250,595 | +€149,303 | +147% |
| Profit (loss) for the period | 9904 | €573,228 | €533,343 | -€39,885 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €573,228 | €533,343 | -€39,885 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.