C.R.G.: 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.
C.R.G.
Largest movements
- Receivables within one year +€120,170
up €120,170 (+31.4%), from €382,341 to €502,511
of which Trade receivables: +€116,474
- Tangible fixed assets -€59,604
down €59,604 (-36.9%), from €161,353 to €101,749
of which Furniture and vehicles: -€37,329
- Financial fixed assets +€21,000
up €21,000 (+101%), from €20,745 to €41,745
- Trade debts +€63,566
up €63,566 (+16.7%), from €380,142 to €443,708
- Other debts +€22,216
up €22,216 (+40.4%), from €54,958 to €77,174
- Tax, wage and social debts +€21,761
up €21,761 (+42.6%), from €51,035 to €72,796
of which Taxes: +€17,151
- Debts after one year -€19,796
no longer reported in 2025 (was €19,796)
- Current portion of long-term debt -€14,773
down €14,773 (-56.8%), from €26,023 to €11,249
- Staff costs +€69,179
up €69,179 (+274%), from €25,253 to €94,433
- Taxes -€9,132
down €9,132 (-61.0%), from €14,979 to €5,847
- Gross operating margin -€6,191
down €6,191 (-3.1%), from €198,078 to €191,887
- Depreciation +€5,385
up €5,385 (+8.7%), from €61,543 to €66,928
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 | €617,759 | €695,970 | +€78,211 | +12.7% |
| Fixed assets | 21/28 | €182,098 | €143,494 | -€38,604 | -21.2% |
| Tangible fixed assets | 22/27 | €161,353 | €101,749 | -€59,604 | -36.9% |
| Furniture and vehicles | 24 | €96,444 | €59,115 | -€37,329 | -38.7% |
| Leasing and similar rights | 25 | €64,909 | €42,634 | -€22,275 | -34.3% |
| Financial fixed assets | 28 | €20,745 | €41,745 | +€21,000 | +101% |
| Current assets | 29/58 | €435,661 | €552,477 | +€116,816 | +26.8% |
| Amounts receivable within one year | 40/41 | €382,341 | €502,511 | +€120,170 | +31.4% |
| Trade receivables | 40 | €382,341 | €498,815 | +€116,474 | +30.5% |
| Other amounts receivable | 41 | - | €3,696 | +€3,696 | |
| Cash at bank and in hand | 54/58 | €45,093 | €42,408 | -€2,685 | -6.0% |
| Deferred charges and accrued income | 490/1 | €8,227 | €7,558 | -€670 | -8.1% |
| Total equity and liabilities | 10/49 | €617,759 | €695,970 | +€78,211 | +12.7% |
| Equity | 10/15 | €85,805 | €91,043 | +€5,238 | +6.1% |
| Contributions | 10/11 | €10,000 | €9,990 | -€10 | -0.1% |
| Profit (loss) carried forward | 14 | €65,088 | €73,046 | +€7,957 | +12.2% |
| Investment grants | 15 | €10,717 | €8,007 | -€2,710 | -25.3% |
| Amounts payable | 17/49 | €531,954 | €604,927 | +€72,974 | +13.7% |
| Amounts payable after more than one year | 17 | €19,796 | - | -€19,796 | |
| Financial debts | 170/4 | €19,796 | - | -€19,796 | |
| Amounts payable within one year | 42/48 | €512,157 | €604,927 | +€92,770 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €26,023 | €11,249 | -€14,773 | -56.8% |
| Trade debts | 44 | €380,142 | €443,708 | +€63,566 | +16.7% |
| Suppliers | 440/4 | €380,142 | €443,708 | +€63,566 | +16.7% |
| Taxes, remuneration and social security | 45 | €51,035 | €72,796 | +€21,761 | +42.6% |
| Taxes | 450/3 | €33,373 | €50,524 | +€17,151 | +51.4% |
| Remuneration and social security | 454/9 | €17,662 | €22,272 | +€4,610 | +26.1% |
| Other amounts payable | 47/48 | €54,958 | €77,174 | +€22,216 | +40.4% |
| Remuneration, social security and pensions | 62 | €25,253 | €94,433 | +€69,179 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,543 | €66,928 | +€5,385 | +8.7% |
| Other operating charges | 640/8 | €9,350 | €11,323 | +€1,973 | +21.1% |
| Gross operating margin | 9900 | €198,078 | €191,887 | -€6,191 | -3.1% |
| Operating profit (loss) | 9901 | €101,931 | €19,203 | -€82,728 | -81.2% |
| Financial income | 75/76B | €1,910 | €2,710 | +€800 | +41.9% |
| Recurring financial income | 75 | €1,910 | €2,710 | +€800 | +41.9% |
| Financial charges | 65/66B | €7,699 | €8,108 | +€409 | +5.3% |
| Recurring financial charges | 65 | €7,699 | €8,108 | +€409 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €96,142 | €13,804 | -€82,337 | -85.6% |
| Income taxes | 67/77 | €14,979 | €5,847 | -€9,132 | -61.0% |
| Profit (loss) for the period | 9904 | €81,162 | €7,957 | -€73,205 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,162 | €7,957 | -€73,205 | -90.2% |
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 26 October 2026 via checked.be.