Sébastien CREPIN: what changed
Sébastien CREPIN
Largest movements
- Cash -€4,497
down €4,497 (-7.6%), from €59,406 to €54,909
mainly Tax, wage and social debts (-€8,647) and Investment in fixed assets (net) (-€1,198)
- Tax, wage and social debts -€8,647
down €8,647 (-93.6%), from €9,234 to €587
- Trade debts +€2,676
up €2,676 (+36.0%), from €7,430 to €10,106
- Other debts +€1,405
up €1,405 (+78.8%), from €1,782 to €3,187
- Gross operating margin -€32,021
down €32,021 (-93.5%), from €34,264 to €2,243
- Taxes -€8,180
down €8,180 (-97.6%), from €8,382 to €202
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,340 | €57,660 | -€4,680 | -7.5% |
| Fixed assets | 21/28 | €1,389 | €994 | -€395 | -28.4% |
| Tangible fixed assets | 22/27 | €1,389 | €994 | -€395 | -28.4% |
| Plant, machinery and equipment | 23 | - | €876 | +€876 | |
| Furniture and vehicles | 24 | €1,389 | €118 | -€1,271 | -91.5% |
| Current assets | 29/58 | €60,951 | €56,666 | -€4,285 | -7.0% |
| Amounts receivable within one year | 40/41 | €315 | €532 | +€217 | +68.9% |
| Trade receivables | 40 | €315 | €532 | +€217 | +68.9% |
| Cash at bank and in hand | 54/58 | €59,406 | €54,909 | -€4,497 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,230 | €1,225 | -€5 | -0.4% |
| Total equity and liabilities | 10/49 | €62,340 | €57,660 | -€4,680 | -7.5% |
| Equity | 10/15 | €43,894 | €43,780 | -€114 | -0.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,394 | €42,280 | -€114 | -0.3% |
| Amounts payable | 17/49 | €18,446 | €13,880 | -€4,566 | -24.8% |
| Amounts payable within one year | 42/48 | €18,446 | €13,880 | -€4,566 | -24.8% |
| Trade debts | 44 | €7,430 | €10,106 | +€2,676 | +36.0% |
| Suppliers | 440/4 | €7,430 | €10,106 | +€2,676 | +36.0% |
| Taxes, remuneration and social security | 45 | €9,234 | €587 | -€8,647 | -93.6% |
| Taxes | 450/3 | €9,234 | €587 | -€8,647 | -93.6% |
| Other amounts payable | 47/48 | €1,782 | €3,187 | +€1,405 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,593 | +€323 | +25.4% |
| Other operating charges | 640/8 | €485 | €506 | +€21 | +4.3% |
| Gross operating margin | 9900 | €34,264 | €2,243 | -€32,021 | -93.5% |
| Operating profit (loss) | 9901 | €32,509 | €144 | -€32,365 | -99.6% |
| Financial charges | 65/66B | €79 | €56 | -€23 | -29.1% |
| Recurring financial charges | 65 | €79 | €56 | -€23 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €32,430 | €88 | -€32,342 | -99.7% |
| Income taxes | 67/77 | €8,382 | €202 | -€8,180 | -97.6% |
| Profit (loss) for the period | 9904 | €24,048 | -€114 | -€24,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,048 | -€114 | -€24,162 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.