CRIEM JAN: 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.
CRIEM JAN
Largest movements
- Current investments +€226,973
up €226,973 (+648%), from €35,000 to €261,973
- Cash -€86,316
down €86,316 (-54.3%), from €158,823 to €72,507
mainly Current investments (-€226,973) and Stocks and contracts (-€63,945)
- Stocks and contracts +€63,945
up €63,945 (+329%), from €19,422 to €83,367
of which Contracts in progress: +€55,000
- Receivables within one year +€36,724
up €36,724 (+53.7%), from €68,383 to €105,108
of which Other amounts receivable: +€39,020
- Tangible fixed assets -€14,655
down €14,655 (-3.3%), from €445,692 to €431,037
of which Land and buildings: -€15,394
- Reserves +€248,481
up €248,481 (+52.0%), from €478,134 to €726,616
of which Distributable reserves: +€155,861
- Debts after one year -€32,919
down €32,919 (-21.7%), from €151,856 to €118,937
- Tax, wage and social debts +€10,309
up €10,309 (+36.7%), from €28,078 to €38,387
of which Remuneration and social security: +€6,345
- Gross operating margin +€150,515
up €150,515 (+60.7%), from €247,858 to €398,373
- Staff costs +€41,143
new in 2025: €41,143
- Taxes +€26,167
up €26,167 (+43.5%), from €60,124 to €86,291
- Financial income +€7,811
up €7,811 (+452%), from €1,729 to €9,540
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 | €730,333 | €957,530 | +€227,197 | +31.1% |
| Fixed assets | 21/28 | €446,169 | €431,273 | -€14,896 | -3.3% |
| Intangible fixed assets | 21 | €477 | €236 | -€241 | -50.5% |
| Tangible fixed assets | 22/27 | €445,692 | €431,037 | -€14,655 | -3.3% |
| Land and buildings | 22 | €430,734 | €415,340 | -€15,394 | -3.6% |
| Plant, machinery and equipment | 23 | €4,752 | €3,719 | -€1,033 | -21.7% |
| Furniture and vehicles | 24 | €1,312 | €475 | -€837 | -63.8% |
| Other tangible fixed assets | 26 | €8,893 | €11,503 | +€2,609 | +29.3% |
| Current assets | 29/58 | €284,165 | €526,257 | +€242,092 | +85.2% |
| Stocks and contracts in progress | 3 | €19,422 | €83,367 | +€63,945 | +329% |
| Stocks | 30/36 | €19,422 | €28,367 | +€8,945 | +46.1% |
| Contracts in progress | 37 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €68,383 | €105,108 | +€36,724 | +53.7% |
| Trade receivables | 40 | €39,494 | €37,198 | -€2,295 | -5.8% |
| Other amounts receivable | 41 | €28,890 | €67,909 | +€39,020 | +135% |
| Current investments | 50/53 | €35,000 | €261,973 | +€226,973 | +648% |
| Cash at bank and in hand | 54/58 | €158,823 | €72,507 | -€86,316 | -54.3% |
| Deferred charges and accrued income | 490/1 | €2,536 | €3,302 | +€766 | +30.2% |
| Total equity and liabilities | 10/49 | €730,333 | €957,530 | +€227,197 | +31.1% |
| Equity | 10/15 | €496,734 | €745,216 | +€248,481 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €478,134 | €726,616 | +€248,481 | +52.0% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,840 | €204,460 | +€92,620 | +82.8% |
| Distributable reserves | 133 | €360,435 | €516,296 | +€155,861 | +43.2% |
| Amounts payable | 17/49 | €233,599 | €212,315 | -€21,285 | -9.1% |
| Amounts payable after more than one year | 17 | €151,856 | €118,937 | -€32,919 | -21.7% |
| Financial debts | 170/4 | €151,856 | €118,937 | -€32,919 | -21.7% |
| Amounts payable within one year | 42/48 | €81,743 | €93,377 | +€11,634 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €32,587 | €32,919 | +€331 | +1.0% |
| Trade debts | 44 | €15,048 | €22,072 | +€7,024 | +46.7% |
| Suppliers | 440/4 | €15,048 | €22,072 | +€7,024 | +46.7% |
| Taxes, remuneration and social security | 45 | €28,078 | €38,387 | +€10,309 | +36.7% |
| Taxes | 450/3 | €28,078 | €32,041 | +€3,964 | +14.1% |
| Remuneration and social security | 454/9 | - | €6,345 | +€6,345 | |
| Other amounts payable | 47/48 | €6,030 | - | -€6,030 | |
| Remuneration, social security and pensions | 62 | - | €41,143 | +€41,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,895 | €21,992 | -€903 | -3.9% |
| Other operating charges | 640/8 | €3,972 | €4,050 | +€77 | +1.9% |
| Non-recurring operating charges | 66A | €935 | - | -€935 | |
| Gross operating margin | 9900 | €247,858 | €398,373 | +€150,515 | +60.7% |
| Operating profit (loss) | 9901 | €220,055 | €331,188 | +€111,133 | +50.5% |
| Financial income | 75/76B | €1,729 | €9,540 | +€7,811 | +452% |
| Recurring financial income | 75 | €1,729 | €9,540 | +€7,811 | +452% |
| Financial charges | 65/66B | €2,696 | €5,956 | +€3,261 | +121% |
| Recurring financial charges | 65 | €2,696 | €5,956 | +€3,261 | +121% |
| Profit (loss) for the period before taxes | 9903 | €219,088 | €334,772 | +€115,684 | +52.8% |
| Transfer from deferred taxes | 780 | €31,300 | - | -€31,300 | |
| Income taxes | 67/77 | €60,124 | €86,291 | +€26,167 | +43.5% |
| Profit (loss) for the period | 9904 | €190,265 | €248,481 | +€58,217 | +30.6% |
| Transfer to tax-exempt reserves | 689 | €79,990 | €92,620 | +€12,630 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,275 | €155,861 | +€45,587 | +41.3% |
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 28 October 2026 via checked.be.