CREWS ASSOCIATES: 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.
CREWS ASSOCIATES
Largest movements
- Receivables within one year +€7,133
up €7,133 (+97.0%), from €7,350 to €14,483
of which Trade receivables: +€7,133
- Cash -€5,190
down €5,190 (-10.1%), from €51,471 to €46,281
mainly Tax, wage and social debts (-€18,250) and Investment in fixed assets (net) (-€11,942)
- Tangible fixed assets -€3,452
down €3,452 (-12.1%), from €28,637 to €25,185
of which Furniture and vehicles: -€2,661
- Tax, wage and social debts -€18,250
down €18,250 (-62.2%), from €29,339 to €11,088
of which Remuneration and social security: -€26,908
- Other debts +€15,316
up €15,316 (+24.9%), from €61,401 to €76,717
- Profit (loss) carried forward +€7,698
up €7,698 (+15.6%), from -€49,204 to -€41,506
- Trade debts -€5,540
down €5,540 (-20.2%), from €27,379 to €21,839
- Gross operating margin +€7,691
up €7,691 (+39.7%), from €19,367 to €27,058
- Depreciation -€2,214
down €2,214 (-12.6%), from €17,607 to €15,393
- Taxes +€2,053
up €2,053 (+855.5%), from €240 to €2,293
- Staff costs +€894
up €894 (+843.8%), from €106 to €1,000
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.
Cash bridge derived
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 | €89,366 | €88,590 | -€776 | -0.9% |
| Fixed assets | 21/28 | €28,637 | €25,185 | -€3,452 | -12.1% |
| Tangible fixed assets | 22/27 | €28,637 | €25,185 | -€3,452 | -12.1% |
| Plant, machinery and equipment | 23 | €6,271 | €5,480 | -€791 | -12.6% |
| Furniture and vehicles | 24 | €22,366 | €19,705 | -€2,661 | -11.9% |
| Current assets | 29/58 | €60,729 | €63,405 | +€2,676 | +4.4% |
| Amounts receivable within one year | 40/41 | €7,350 | €14,483 | +€7,133 | +97.0% |
| Trade receivables | 40 | €5,590 | €12,723 | +€7,133 | +127.6% |
| Other amounts receivable | 41 | €1,760 | €1,760 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,471 | €46,281 | -€5,190 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,908 | €2,641 | +€733 | +38.4% |
| Total equity and liabilities | 10/49 | €89,366 | €88,590 | -€776 | -0.9% |
| Equity | 10/15 | -€28,753 | -€21,055 | +€7,698 | +26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,204 | -€41,506 | +€7,698 | +15.6% |
| Amounts payable | 17/49 | €118,119 | €109,645 | -€8,474 | -7.2% |
| Amounts payable within one year | 42/48 | €118,119 | €109,645 | -€8,474 | -7.2% |
| Trade debts | 44 | €27,379 | €21,839 | -€5,540 | -20.2% |
| Suppliers | 440/4 | €27,379 | €21,839 | -€5,540 | -20.2% |
| Taxes, remuneration and social security | 45 | €29,339 | €11,088 | -€18,250 | -62.2% |
| Taxes | 450/3 | €2,081 | €10,738 | +€8,658 | +416.1% |
| Remuneration and social security | 454/9 | €27,258 | €350 | -€26,908 | -98.7% |
| Other amounts payable | 47/48 | €61,401 | €76,717 | +€15,316 | +24.9% |
| Remuneration, social security and pensions | 62 | €106 | €1,000 | +€894 | +843.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,607 | €15,393 | -€2,214 | -12.6% |
| Other operating charges | 640/8 | €732 | €649 | -€83 | -11.3% |
| Gross operating margin | 9900 | €19,367 | €27,058 | +€7,691 | +39.7% |
| Operating profit (loss) | 9901 | €922 | €10,015 | +€9,093 | +986.8% |
| Financial income | 75/76B | €48 | €263 | +€215 | +449.5% |
| Recurring financial income | 75 | €48 | €263 | +€215 | +449.5% |
| Financial charges | 65/66B | €68 | €286 | +€219 | +323.2% |
| Recurring financial charges | 65 | €68 | €286 | +€219 | +323.2% |
| Profit (loss) for the period before taxes | 9903 | €902 | €9,991 | +€9,090 | +1008.1% |
| Income taxes | 67/77 | €240 | €2,293 | +€2,053 | +855.5% |
| Profit (loss) for the period | 9904 | €662 | €7,698 | +€7,036 | +1063.5% |
| Profit (loss) for the period to be appropriated | 9905 | €662 | €7,698 | +€7,036 | +1063.5% |
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 12 October 2026 via checked.be.