CREYAX: 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.
CREYAX
Largest movements
- Tangible fixed assets -€21,463
down €21,463 (-4.8%), from €442,802 to €421,339
of which Leasing and similar rights: -€17,138
- Cash -€14,344
down €14,344 (-61.2%), from €23,433 to €9,090
mainly Net result for the year (-€23,446) and Debts after one year (-€20,533)
- Profit (loss) carried forward -€23,446
new in 2025: -€23,446
- Debts after one year -€20,533
down €20,533 (-5.5%), from €372,751 to €352,218
- Trade debts +€6,676
up €6,676 (+566%), from €1,179 to €7,855
- Gross operating margin -€33,738
down €33,738 (-63.4%), from €53,176 to €19,438
- Taxes -€2,901
down €2,901 (-30.7%), from €9,448 to €6,547
- Depreciation +€1,331
up €1,331 (+5.5%), from €24,166 to €25,497
- Financial charges -€606
down €606 (-7.1%), from €8,526 to €7,921
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 | €470,034 | €433,301 | -€36,733 | -7.8% |
| Fixed assets | 21/28 | €442,802 | €421,339 | -€21,463 | -4.8% |
| Tangible fixed assets | 22/27 | €442,802 | €421,339 | -€21,463 | -4.8% |
| Plant, machinery and equipment | 23 | €1,106 | €959 | -€147 | -13.3% |
| Furniture and vehicles | 24 | €15,052 | €11,511 | -€3,541 | -23.5% |
| Leasing and similar rights | 25 | €389,851 | €372,713 | -€17,138 | -4.4% |
| Other tangible fixed assets | 26 | €36,793 | €36,156 | -€638 | -1.7% |
| Current assets | 29/58 | €27,232 | €11,963 | -€15,270 | -56.1% |
| Amounts receivable within one year | 40/41 | €2,129 | €2,521 | +€392 | +18.4% |
| Trade receivables | 40 | €2,129 | €2,521 | +€392 | +18.4% |
| Cash at bank and in hand | 54/58 | €23,433 | €9,090 | -€14,344 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,670 | €352 | -€1,318 | -78.9% |
| Total equity and liabilities | 10/49 | €470,034 | €433,301 | -€36,733 | -7.8% |
| Equity | 10/15 | €55,193 | €31,747 | -€23,446 | -42.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,993 | €48,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,133 | €47,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,446 | -€23,446 | |
| Amounts payable | 17/49 | €414,841 | €401,554 | -€13,287 | -3.2% |
| Amounts payable after more than one year | 17 | €372,751 | €352,218 | -€20,533 | -5.5% |
| Financial debts | 170/4 | €372,751 | €352,218 | -€20,533 | -5.5% |
| Amounts payable within one year | 42/48 | €42,090 | €49,336 | +€7,246 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €22,343 | €24,109 | +€1,766 | +7.9% |
| Trade debts | 44 | €1,179 | €7,855 | +€6,676 | +566% |
| Suppliers | 440/4 | €1,179 | €7,855 | +€6,676 | +566% |
| Taxes, remuneration and social security | 45 | €18,568 | €17,372 | -€1,196 | -6.4% |
| Taxes | 450/3 | €18,568 | €17,372 | -€1,196 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,166 | €25,497 | +€1,331 | +5.5% |
| Other operating charges | 640/8 | €2,541 | €2,924 | +€383 | +15.1% |
| Gross operating margin | 9900 | €53,176 | €19,438 | -€33,738 | -63.4% |
| Operating profit (loss) | 9901 | €26,469 | -€8,983 | -€35,452 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €8,526 | €7,921 | -€606 | -7.1% |
| Recurring financial charges | 65 | €8,526 | €7,921 | -€606 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €17,943 | -€16,899 | -€34,841 | |
| Income taxes | 67/77 | €9,448 | €6,547 | -€2,901 | -30.7% |
| Profit (loss) for the period | 9904 | €8,495 | -€23,446 | -€31,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,495 | -€23,446 | -€31,941 |
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 16 October 2026 via checked.be.