C.R.N.: 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.N.
Largest movements
- Cash +€28,510
up €28,510 (+165%), from €17,262 to €45,773
mainly Debts after one year (+€19,086) and Net result for the year (+€12,253)
- Receivables within one year +€4,237
up €4,237 (+44.6%), from €9,507 to €13,744
of which Other amounts receivable: +€4,732
- Tangible fixed assets +€2,860
up €2,860 (+343%), from €834 to €3,694
of which Other tangible fixed assets: +€1,600
- Deferred charges and accrued income +€691
new in 2025: €691
- Debts after one year +€19,086
new in 2025: €19,086
- Reserves +€12,253
up €12,253 (+51.8%), from €23,675 to €35,927
- Tax, wage and social debts +€5,476
new in 2025: €5,476
- Gross operating margin -€13,987
down €13,987 (-46.8%), from €29,890 to €15,903
- Taxes -€3,869
down €3,869 (-63.6%), from €6,083 to €2,214
- Other operating charges +€538
new in 2025: €538
- Financial charges +€341
up €341 (+506%), from €67 to €408
- Depreciation +€326
up €326 (+196%), from €166 to €492
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 | €27,603 | €63,901 | +€36,298 | +131% |
| Fixed assets | 21/28 | €834 | €3,694 | +€2,860 | +343% |
| Tangible fixed assets | 22/27 | €834 | €3,694 | +€2,860 | +343% |
| Furniture and vehicles | 24 | €834 | €2,094 | +€1,260 | +151% |
| Other tangible fixed assets | 26 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €26,769 | €60,207 | +€33,438 | +125% |
| Amounts receivable within one year | 40/41 | €9,507 | €13,744 | +€4,237 | +44.6% |
| Trade receivables | 40 | €7,394 | €6,899 | -€495 | -6.7% |
| Other amounts receivable | 41 | €2,113 | €6,845 | +€4,732 | +224% |
| Cash at bank and in hand | 54/58 | €17,262 | €45,773 | +€28,510 | +165% |
| Deferred charges and accrued income | 490/1 | - | €691 | +€691 | |
| Total equity and liabilities | 10/49 | €27,603 | €63,901 | +€36,298 | +131% |
| Equity | 10/15 | €25,675 | €37,927 | +€12,253 | +47.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,675 | €35,927 | +€12,253 | +51.8% |
| Distributable reserves | 133 | €23,675 | €35,927 | +€12,253 | +51.8% |
| Amounts payable | 17/49 | €1,928 | €25,973 | +€24,045 | +1,247% |
| Amounts payable after more than one year | 17 | - | €19,086 | +€19,086 | |
| Financial debts | 170/4 | - | €19,086 | +€19,086 | |
| Amounts payable within one year | 42/48 | €1,928 | €6,887 | +€4,959 | +257% |
| Trade debts | 44 | €1,928 | €1,411 | -€517 | -26.8% |
| Suppliers | 440/4 | €1,928 | €1,411 | -€517 | -26.8% |
| Taxes, remuneration and social security | 45 | - | €5,476 | +€5,476 | |
| Taxes | 450/3 | - | €5,476 | +€5,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €492 | +€326 | +196% |
| Other operating charges | 640/8 | - | €538 | +€538 | |
| Gross operating margin | 9900 | €29,890 | €15,903 | -€13,987 | -46.8% |
| Operating profit (loss) | 9901 | €29,724 | €14,873 | -€14,850 | -50.0% |
| Financial income | 75/76B | €101 | €1 | -€100 | -99.0% |
| Recurring financial income | 75 | €101 | €1 | -€100 | -99.0% |
| Financial charges | 65/66B | €67 | €408 | +€341 | +506% |
| Recurring financial charges | 65 | €67 | €408 | +€341 | +506% |
| Profit (loss) for the period before taxes | 9903 | €29,758 | €14,466 | -€15,291 | -51.4% |
| Income taxes | 67/77 | €6,083 | €2,214 | -€3,869 | -63.6% |
| Profit (loss) for the period | 9904 | €23,675 | €12,253 | -€11,422 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,675 | €12,253 | -€11,422 | -48.2% |
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 1 November 2026 via checked.be.