LA CREMAILLERE: 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.
LA CREMAILLERE
Largest movements
- Cash -€57,558
down €57,558 (-23.7%), from €242,483 to €184,926
mainly Investment in fixed assets (net) (-€72,037) and Tax, wage and social debts (-€28,114)
- Tangible fixed assets +€14,770
up €14,770 (+3.0%), from €492,243 to €507,013
of which Furniture and vehicles: +€43,058
- Receivables within one year -€10,197
down €10,197 (-68.5%), from €14,885 to €4,688
of which Other amounts receivable: -€7,093
- Tax, wage and social debts -€28,114
down €28,114 (-83.7%), from €33,571 to €5,457
of which Taxes: -€26,448
- Debts after one year -€23,739
down €23,739 (-8.0%), from €296,627 to €272,889
of which Financial debts: -€23,739
- Other debts +€14,048
up €14,048 (+355%), from €3,963 to €18,011
- Accrued charges and deferred income -€10,101
down €10,101 (-38.7%), from €26,101 to €16,000
- Gross operating margin -€182,195
down €182,195 (-62.8%), from €289,918 to €107,723
- Staff costs -€77,455
down €77,455, from €77,455 to -€0
- Taxes -€36,760
down €36,760 (-78.5%), from €46,831 to €10,071
- Depreciation +€14,269
up €14,269 (+33.2%), from €42,998 to €57,267
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 | €751,679 | €701,812 | -€49,867 | -6.6% |
| Fixed assets | 21/28 | €492,243 | €507,013 | +€14,770 | +3.0% |
| Tangible fixed assets | 22/27 | €492,243 | €507,013 | +€14,770 | +3.0% |
| Land and buildings | 22 | €465,698 | €442,686 | -€23,012 | -4.9% |
| Plant, machinery and equipment | 23 | €14,835 | €9,559 | -€5,277 | -35.6% |
| Furniture and vehicles | 24 | €11,710 | €54,769 | +€43,058 | +368% |
| Current assets | 29/58 | €259,436 | €194,799 | -€64,637 | -24.9% |
| Stocks and contracts in progress | 3 | €1,584 | €4,370 | +€2,786 | +176% |
| Stocks | 30/36 | €1,584 | €4,370 | +€2,786 | +176% |
| Amounts receivable within one year | 40/41 | €14,885 | €4,688 | -€10,197 | -68.5% |
| Trade receivables | 40 | €5,966 | €2,862 | -€3,104 | -52.0% |
| Other amounts receivable | 41 | €8,919 | €1,826 | -€7,093 | -79.5% |
| Cash at bank and in hand | 54/58 | €242,483 | €184,926 | -€57,558 | -23.7% |
| Deferred charges and accrued income | 490/1 | €484 | €815 | +€332 | +68.6% |
| Total equity and liabilities | 10/49 | €751,679 | €701,812 | -€49,867 | -6.6% |
| Equity | 10/15 | €362,100 | €362,144 | +€44 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €312,006 | €312,050 | +€44 | 0.0% |
| Distributable reserves | 133 | €312,006 | €312,050 | +€44 | 0.0% |
| Profit (loss) carried forward | 14 | €31,502 | €31,502 | = | 0.0% |
| Amounts payable | 17/49 | €389,579 | €339,668 | -€49,911 | -12.8% |
| Amounts payable after more than one year | 17 | €296,627 | €272,889 | -€23,739 | -8.0% |
| Financial debts | 170/4 | €296,627 | €272,889 | -€23,739 | -8.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,851 | €50,780 | -€16,071 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €23,303 | €23,739 | +€436 | +1.9% |
| Trade debts | 44 | €6,014 | €3,573 | -€2,441 | -40.6% |
| Suppliers | 440/4 | €6,014 | €3,573 | -€2,441 | -40.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,571 | €5,457 | -€28,114 | -83.7% |
| Taxes | 450/3 | €31,905 | €5,457 | -€26,448 | -82.9% |
| Remuneration and social security | 454/9 | €1,666 | €0 | -€1,666 | -100% |
| Other amounts payable | 47/48 | €3,963 | €18,011 | +€14,048 | +355% |
| Accrued charges and deferred income | 492/3 | €26,101 | €16,000 | -€10,101 | -38.7% |
| Non-recurring operating income | 76A | €23,967 | €5,785 | -€18,182 | -75.9% |
| Remuneration, social security and pensions | 62 | €77,455 | -€0 | -€77,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,998 | €57,267 | +€14,269 | +33.2% |
| Other operating charges | 640/8 | €9,624 | €12,236 | +€2,612 | +27.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €289,918 | €107,723 | -€182,195 | -62.8% |
| Operating profit (loss) | 9901 | €159,841 | €38,221 | -€121,621 | -76.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,913 | €6,256 | -€1,657 | -20.9% |
| Recurring financial charges | 65 | €7,913 | €6,256 | -€1,657 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €151,928 | €31,965 | -€119,963 | -79.0% |
| Income taxes | 67/77 | €46,831 | €10,071 | -€36,760 | -78.5% |
| Profit (loss) for the period | 9904 | €105,097 | €21,894 | -€83,203 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,097 | €21,894 | -€83,203 | -79.2% |
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 18 October 2026 via checked.be.