CREWO HORECA: 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.
CREWO HORECA
Largest movements
- Cash +€156,707
up €156,707 (+232%), from €67,601 to €224,308
mainly Current investments (+€125,000) and Net result for the year (+€27,727)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Tangible fixed assets -€19,083
down €19,083 (-9.4%), from €203,796 to €184,713
of which Land and buildings: -€17,116
- Trade debts -€24,024
down €24,024 (-82.1%), from €29,272 to €5,248
- Profit (loss) carried forward +€15,715
up €15,715 (+22.3%), from €70,543 to €86,259
- Tax, wage and social debts +€14,525
up €14,525 (+292%), from €4,966 to €19,492
of which Taxes: +€14,372
- Reserves +€12,012
up €12,012 (+6.7%), from €180,220 to €192,232
of which Distributable reserves: +€21,860
- Gross operating margin -€46,045
down €46,045 (-32.0%), from €143,828 to €97,783
- Taxes +€14,845
up €14,845 (+1,083%), from €1,371 to €16,216
- Staff costs -€3,619
down €3,619 (-9.2%), from €39,403 to €35,784
- Financial income +€3,451
up €3,451 (+1,917%), from €180 to €3,631
- Other operating charges -€3,009
down €3,009 (-51.6%), from €5,832 to €2,823
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 | €404,174 | €415,737 | +€11,563 | +2.9% |
| Fixed assets | 21/28 | €203,796 | €184,713 | -€19,083 | -9.4% |
| Tangible fixed assets | 22/27 | €203,796 | €184,713 | -€19,083 | -9.4% |
| Land and buildings | 22 | €174,819 | €157,703 | -€17,116 | -9.8% |
| Plant, machinery and equipment | 23 | €17,396 | €20,695 | +€3,299 | +19.0% |
| Furniture and vehicles | 24 | €11,581 | €6,315 | -€5,266 | -45.5% |
| Current assets | 29/58 | €200,378 | €231,024 | +€30,647 | +15.3% |
| Amounts receivable after more than one year | 29 | €3,179 | - | -€3,179 | |
| Other amounts receivable | 291 | €3,179 | - | -€3,179 | |
| Amounts receivable within one year | 40/41 | €3,543 | €4,716 | +€1,173 | +33.1% |
| Trade receivables | 40 | - | €3,575 | +€3,575 | |
| Other amounts receivable | 41 | €3,543 | €1,142 | -€2,401 | -67.8% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €67,601 | €224,308 | +€156,707 | +232% |
| Deferred charges and accrued income | 490/1 | €1,055 | €2,000 | +€944 | +89.5% |
| Total equity and liabilities | 10/49 | €404,174 | €415,737 | +€11,563 | +2.9% |
| Equity | 10/15 | €269,363 | €297,090 | +€27,727 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,220 | €192,232 | +€12,012 | +6.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €164,515 | €156,527 | -€7,988 | -4.9% |
| Distributable reserves | 133 | €13,845 | €35,705 | +€21,860 | +158% |
| Profit (loss) carried forward | 14 | €70,543 | €86,259 | +€15,715 | +22.3% |
| Provisions and deferred taxes | 16 | €54,748 | €52,086 | -€2,663 | -4.9% |
| Deferred taxes | 168 | €54,748 | €52,086 | -€2,663 | -4.9% |
| Amounts payable | 17/49 | €80,063 | €66,561 | -€13,501 | -16.9% |
| Amounts payable after more than one year | 17 | €45,000 | €41,821 | -€3,179 | -7.1% |
| Financial debts | 170/4 | €45,000 | €41,821 | -€3,179 | -7.1% |
| Amounts payable within one year | 42/48 | €35,063 | €24,740 | -€10,323 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €824 | - | -€824 | |
| Trade debts | 44 | €29,272 | €5,248 | -€24,024 | -82.1% |
| Suppliers | 440/4 | €29,272 | €5,248 | -€24,024 | -82.1% |
| Taxes, remuneration and social security | 45 | €4,966 | €19,492 | +€14,525 | +292% |
| Taxes | 450/3 | €1,371 | €15,743 | +€14,372 | +1,048% |
| Remuneration and social security | 454/9 | €3,595 | €3,749 | +€154 | +4.3% |
| Remuneration, social security and pensions | 62 | €39,403 | €35,784 | -€3,619 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,008 | €20,759 | +€750 | +3.7% |
| Other operating charges | 640/8 | €5,832 | €2,823 | -€3,009 | -51.6% |
| Gross operating margin | 9900 | €143,828 | €97,783 | -€46,045 | -32.0% |
| Operating profit (loss) | 9901 | €78,584 | €38,417 | -€40,167 | -51.1% |
| Financial income | 75/76B | €180 | €3,631 | +€3,451 | +1,917% |
| Recurring financial income | 75 | €180 | €3,631 | +€3,451 | +1,917% |
| Financial charges | 65/66B | €2,024 | €767 | -€1,257 | -62.1% |
| Recurring financial charges | 65 | €2,024 | €767 | -€1,257 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €76,741 | €41,281 | -€35,460 | -46.2% |
| Transfer from deferred taxes | 780 | €1,151 | €2,663 | +€1,512 | +131% |
| Income taxes | 67/77 | €1,371 | €16,216 | +€14,845 | +1,083% |
| Profit (loss) for the period | 9904 | €76,521 | €27,727 | -€48,793 | -63.8% |
| Transfer from tax-exempt reserves | 789 | €3,453 | €7,988 | +€4,535 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €79,973 | €35,715 | -€44,258 | -55.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.