De Cremer: 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.
De Cremer
Largest movements
- Cash +€16,759
up €16,759 (+339%), from €4,951 to €21,709
mainly Net result for the year (+€16,832) and Depreciation (+€12,725)
- Receivables within one year +€14,688
up €14,688 (+8.1%), from €181,617 to €196,305
of which Other amounts receivable: +€19,287
- Stocks and contracts -€11,500
down €11,500 (-10.4%), from €110,992 to €99,492
of which Contracts in progress: -€10,000
- Tangible fixed assets -€4,136
down €4,136 (-9.1%), from €45,484 to €41,348
of which Furniture and vehicles: -€5,826
- Profit (loss) carried forward +€16,832
up €16,832 (+7.4%), from €226,945 to €243,777
- Tax, wage and social debts +€10,445
up €10,445 (+14.3%), from €73,245 to €83,690
of which Taxes: +€13,029
- Staff costs -€7,662
down €7,662 (-2.7%), from €286,981 to €279,319
- Gross operating margin +€3,908
up €3,908 (+1.2%), from €320,763 to €324,671
- Taxes +€3,459
up €3,459 (+39.8%), from €8,699 to €12,158
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 | €366,253 | €385,685 | +€19,432 | +5.3% |
| Fixed assets | 21/28 | €45,484 | €41,348 | -€4,136 | -9.1% |
| Tangible fixed assets | 22/27 | €45,484 | €41,348 | -€4,136 | -9.1% |
| Plant, machinery and equipment | 23 | €15,245 | €16,935 | +€1,690 | +11.1% |
| Furniture and vehicles | 24 | €30,239 | €24,413 | -€5,826 | -19.3% |
| Current assets | 29/58 | €320,769 | €344,338 | +€23,569 | +7.3% |
| Stocks and contracts in progress | 3 | €110,992 | €99,492 | -€11,500 | -10.4% |
| Stocks | 30/36 | €3,492 | €1,992 | -€1,500 | -43.0% |
| Contracts in progress | 37 | €107,500 | €97,500 | -€10,000 | -9.3% |
| Amounts receivable within one year | 40/41 | €181,617 | €196,305 | +€14,688 | +8.1% |
| Trade receivables | 40 | €178,670 | €174,072 | -€4,598 | -2.6% |
| Other amounts receivable | 41 | €2,947 | €22,234 | +€19,287 | +654% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,951 | €21,709 | +€16,759 | +339% |
| Deferred charges and accrued income | 490/1 | €13,209 | €16,831 | +€3,622 | +27.4% |
| Total equity and liabilities | 10/49 | €366,253 | €385,685 | +€19,432 | +5.3% |
| Equity | 10/15 | €268,311 | €285,143 | +€16,832 | +6.3% |
| Contributions | 10/11 | €28,514 | €28,514 | = | 0.0% |
| Reserves | 13 | €12,851 | €12,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,851 | €12,851 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,851 | €2,851 | = | 0.0% |
| Own shares acquired | 1312 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,945 | €243,777 | +€16,832 | +7.4% |
| Amounts payable | 17/49 | €97,943 | €100,542 | +€2,600 | +2.7% |
| Amounts payable after more than one year | 17 | €10,938 | €8,091 | -€2,847 | -26.0% |
| Financial debts | 170/4 | €10,938 | €8,091 | -€2,847 | -26.0% |
| Amounts payable within one year | 42/48 | €86,665 | €92,451 | +€5,786 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €4,626 | €2,847 | -€1,779 | -38.5% |
| Financial debts | 43 | €6,573 | €5,458 | -€1,115 | -17.0% |
| Credit institutions | 430/8 | €6,573 | €5,458 | -€1,115 | -17.0% |
| Trade debts | 44 | €2,222 | €457 | -€1,765 | -79.4% |
| Suppliers | 440/4 | €2,222 | €457 | -€1,765 | -79.4% |
| Taxes, remuneration and social security | 45 | €73,245 | €83,690 | +€10,445 | +14.3% |
| Taxes | 450/3 | €50,452 | €63,481 | +€13,029 | +25.8% |
| Remuneration and social security | 454/9 | €22,793 | €20,209 | -€2,584 | -11.3% |
| Accrued charges and deferred income | 492/3 | €340 | €0 | -€340 | -100% |
| Remuneration, social security and pensions | 62 | €286,981 | €279,319 | -€7,662 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,032 | €12,725 | -€306 | -2.3% |
| Other operating charges | 640/8 | €1,498 | €991 | -€507 | -33.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €320,763 | €324,671 | +€3,908 | +1.2% |
| Operating profit (loss) | 9901 | €19,252 | €31,636 | +€12,384 | +64.3% |
| Financial income | 75/76B | €417 | €1,532 | +€1,115 | +267% |
| Recurring financial income | 75 | €417 | €1,532 | +€1,115 | +267% |
| Financial charges | 65/66B | €4,851 | €4,178 | -€674 | -13.9% |
| Recurring financial charges | 65 | €4,851 | €4,178 | -€674 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €14,818 | €28,990 | +€14,172 | +95.6% |
| Income taxes | 67/77 | €8,699 | €12,158 | +€3,459 | +39.8% |
| Profit (loss) for the period | 9904 | €6,119 | €16,832 | +€10,713 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €6,119 | €16,832 | +€10,713 | +175% |
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 23 October 2026 via checked.be.