LES CRETIAS: 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.
LES CRETIAS
Largest movements
- Receivables within one year +€38,751
up €38,751 (+16.4%), from €236,121 to €274,872
of which Other amounts receivable: +€36,250
- Tangible fixed assets -€28,495
down €28,495 (-13.0%), from €218,676 to €190,180
of which Land and buildings: -€24,811
- Stocks and contracts -€21,446
down €21,446 (-100%), from €21,446 to €0
- Other debts -€21,493
down €21,493 (-14.7%), from €146,451 to €124,958
- Short-term financial debts +€14,604
up €14,604 (+16.5%), from €88,663 to €103,267
- Debts after one year -€13,218
down €13,218 (-10.7%), from €123,120 to €109,903
- Profit (loss) carried forward +€9,334
up €9,334 (+12.5%), from -€74,398 to -€65,064
- Financial charges -€13,313
down €13,313 (-48.8%), from €27,300 to €13,987
- Staff costs -€6,261
down €6,261 (-24.6%), from €25,456 to €19,195
- Gross operating margin -€5,214
down €5,214 (-6.4%), from €81,288 to €76,073
- Taxes +€1,719
new in 2025: €1,719
- Depreciation -€1,047
down €1,047 (-3.5%), from €29,542 to €28,495
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 | €476,862 | €466,209 | -€10,654 | -2.2% |
| Fixed assets | 21/28 | €218,676 | €190,180 | -€28,495 | -13.0% |
| Tangible fixed assets | 22/27 | €218,676 | €190,180 | -€28,495 | -13.0% |
| Land and buildings | 22 | €209,450 | €184,639 | -€24,811 | -11.8% |
| Plant, machinery and equipment | 23 | €3,308 | €2,683 | -€625 | -18.9% |
| Furniture and vehicles | 24 | €5,918 | €2,859 | -€3,059 | -51.7% |
| Current assets | 29/58 | €258,187 | €276,028 | +€17,842 | +6.9% |
| Stocks and contracts in progress | 3 | €21,446 | €0 | -€21,446 | -100% |
| Stocks | 30/36 | €21,446 | €0 | -€21,446 | -100% |
| Amounts receivable within one year | 40/41 | €236,121 | €274,872 | +€38,751 | +16.4% |
| Trade receivables | 40 | €0 | €2,501 | +€2,501 | |
| Other amounts receivable | 41 | €236,121 | €272,371 | +€36,250 | +15.4% |
| Cash at bank and in hand | 54/58 | €619 | €1,156 | +€537 | +86.8% |
| Total equity and liabilities | 10/49 | €476,862 | €466,209 | -€10,654 | -2.2% |
| Equity | 10/15 | €85,349 | €92,911 | +€7,562 | +8.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,398 | -€65,064 | +€9,334 | +12.5% |
| Investment grants | 15 | €16,748 | €14,975 | -€1,772 | -10.6% |
| Amounts payable | 17/49 | €391,513 | €373,297 | -€18,216 | -4.7% |
| Amounts payable after more than one year | 17 | €123,120 | €109,903 | -€13,218 | -10.7% |
| Financial debts | 170/4 | €123,120 | €109,903 | -€13,218 | -10.7% |
| Amounts payable within one year | 42/48 | €268,393 | €263,395 | -€4,998 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €22,157 | €19,688 | -€2,469 | -11.1% |
| Financial debts | 43 | €88,663 | €103,267 | +€14,604 | +16.5% |
| Credit institutions | 430/8 | €88,663 | €103,267 | +€14,604 | +16.5% |
| Trade debts | 44 | €4,992 | €7,935 | +€2,942 | +58.9% |
| Suppliers | 440/4 | €4,992 | €7,935 | +€2,942 | +58.9% |
| Taxes, remuneration and social security | 45 | €6,129 | €7,546 | +€1,418 | +23.1% |
| Taxes | 450/3 | €4,486 | €7,000 | +€2,514 | +56.0% |
| Remuneration and social security | 454/9 | €1,642 | €546 | -€1,096 | -66.7% |
| Other amounts payable | 47/48 | €146,451 | €124,958 | -€21,493 | -14.7% |
| Non-recurring operating income | 76A | €600 | €584 | -€17 | -2.8% |
| Remuneration, social security and pensions | 62 | €25,456 | €19,195 | -€6,261 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,542 | €28,495 | -€1,047 | -3.5% |
| Other operating charges | 640/8 | €4,548 | €5,135 | +€586 | +12.9% |
| Gross operating margin | 9900 | €81,288 | €76,073 | -€5,214 | -6.4% |
| Operating profit (loss) | 9901 | €21,741 | €23,248 | +€1,507 | +6.9% |
| Financial income | 75/76B | €1,837 | €1,792 | -€45 | -2.5% |
| Recurring financial income | 75 | €1,837 | €1,792 | -€45 | -2.5% |
| Financial charges | 65/66B | €27,300 | €13,987 | -€13,313 | -48.8% |
| Recurring financial charges | 65 | €27,300 | €13,987 | -€13,313 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,722 | €11,053 | +€14,776 | |
| Income taxes | 67/77 | - | €1,719 | +€1,719 | |
| Profit (loss) for the period | 9904 | -€3,722 | €9,334 | +€13,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,722 | €9,334 | +€13,056 |
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 24 October 2026 via checked.be.