CREFIMO: what changed
What changed
CREFIMO
NACE 52.210, Service activities incidental to land transportation
filed annual accounts (NBB)
Net result for the year
€3,342
2024 · €4,630-€1,288
Equity
€85,185
2024 · €81,844+€3,342
Cash
€8,655
2024 · €24,112-€15,457
Balance sheet total
€443,240
2024 · €612,357-€169,117
Largest movements
Assets
- Tangible fixed assets -€198,715
down €198,715 (-36.8%), from €540,072 to €341,357
of which Land and buildings: -€381,302
- Receivables within one year +€45,129
up €45,129 (+97.5%), from €46,264 to €91,393
of which Trade receivables: +€47,652
- Cash -€15,457
down €15,457 (-64.1%), from €24,112 to €8,655
mainly Debts after one year (-€334,138) and Receivables within one year (-€45,129)
Equity and liabilities
- Debts after one year -€334,138
down €334,138 (-85.9%), from €388,852 to €54,713
- Trade debts +€162,941
up €162,941 (+405%), from €40,220 to €203,161
Income statement
- Gross operating margin +€33,263
up €33,263 (+52.1%), from €63,803 to €97,066
- Financial charges +€30,357
up €30,357 (+265%), from €11,450 to €41,807
- Other operating charges -€22,071
down €22,071 (-96.1%), from €22,971 to €900
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.
Result 2024
€4,630
Gross operating margin
+€33,263
Staff costs
-€950
Depreciation
+€555
Other operating charges
+€22,071
Other operating items
-€26,302
Financial charges
-€30,357
Taxes
+€432
Result 2025
€3,342
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€140,323
Investment
+€176,302
Financing
-€332,082
Cash 2024
€24,112
From operations (derived)
+€140,323
Net result for the year
+€3,342
Depreciation
+€22,412
Receivables within one year
-€45,129
Smaller working-capital items
+€107
Trade debts
+€162,941
Tax, wage and social debts
-€3,350
Investment (derived)
+€176,302
Investment in fixed assets (net)
+€176,302
Financing
-€332,082
Debts after one year
-€334,138
Current portion of long-term debt
+€2,056
Cash 2025
€8,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,357 | €443,240 | -€169,117 | -27.6% |
| Fixed assets | 21/28 | €540,072 | €341,357 | -€198,715 | -36.8% |
| Tangible fixed assets | 22/27 | €540,072 | €341,357 | -€198,715 | -36.8% |
| Land and buildings | 22 | €381,302 | - | -€381,302 | |
| Furniture and vehicles | 24 | €4,258 | €205,445 | +€201,188 | +4,725% |
| Leasing and similar rights | 25 | €154,512 | €135,912 | -€18,600 | -12.0% |
| Current assets | 29/58 | €72,285 | €101,883 | +€29,598 | +40.9% |
| Amounts receivable within one year | 40/41 | €46,264 | €91,393 | +€45,129 | +97.5% |
| Trade receivables | 40 | €41,268 | €88,920 | +€47,652 | +115% |
| Other amounts receivable | 41 | €4,996 | €2,473 | -€2,523 | -50.5% |
| Cash at bank and in hand | 54/58 | €24,112 | €8,655 | -€15,457 | -64.1% |
| Deferred charges and accrued income | 490/1 | €1,909 | €1,835 | -€74 | -3.9% |
| Total equity and liabilities | 10/49 | €612,357 | €443,240 | -€169,117 | -27.6% |
| Equity | 10/15 | €81,844 | €85,185 | +€3,342 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,444 | €72,785 | +€3,342 | +4.8% |
| Amounts payable | 17/49 | €530,513 | €358,055 | -€172,459 | -32.5% |
| Amounts payable after more than one year | 17 | €388,852 | €54,713 | -€334,138 | -85.9% |
| Financial debts | 170/4 | €388,852 | €54,713 | -€334,138 | -85.9% |
| Amounts payable within one year | 42/48 | €141,662 | €303,341 | +€161,680 | +114% |
| Current portion of amounts payable after more than one year | 42 | €31,272 | €33,328 | +€2,056 | +6.6% |
| Trade debts | 44 | €40,220 | €203,161 | +€162,941 | +405% |
| Suppliers | 440/4 | €40,220 | €203,161 | +€162,941 | +405% |
| Taxes, remuneration and social security | 45 | €4,702 | €1,352 | -€3,350 | -71.3% |
| Taxes | 450/3 | €4,702 | €1,352 | -€3,350 | -71.3% |
| Other amounts payable | 47/48 | €65,468 | €65,501 | +€33 | +0.1% |
| Non-recurring operating income | 76A | - | €2,621 | +€2,621 | |
| Remuneration, social security and pensions | 62 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,967 | €22,412 | -€555 | -2.4% |
| Other operating charges | 640/8 | €22,971 | €900 | -€22,071 | -96.1% |
| Non-recurring operating charges | 66A | - | €26,302 | +€26,302 | |
| Gross operating margin | 9900 | €63,803 | €97,066 | +€33,263 | +52.1% |
| Operating profit (loss) | 9901 | €17,864 | €46,500 | +€28,637 | +160% |
| Financial charges | 65/66B | €11,450 | €41,807 | +€30,357 | +265% |
| Recurring financial charges | 65 | €11,450 | €41,807 | +€30,357 | +265% |
| Profit (loss) for the period before taxes | 9903 | €6,414 | €4,694 | -€1,720 | -26.8% |
| Income taxes | 67/77 | €1,784 | €1,352 | -€432 | -24.2% |
| Profit (loss) for the period | 9904 | €4,630 | €3,342 | -€1,288 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,630 | €3,342 | -€1,288 | -27.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.