C.R.O.QU.E.T.: what changed
C.R.O.QU.E.T.
Largest movements
- Tangible fixed assets -€33,262
down €33,262 (-88.0%), from €37,784 to €4,522
of which Assets under construction and advance payments: -€32,000
- Receivables within one year -€22,183
down €22,183 (-69.7%), from €31,835 to €9,652
of which Trade receivables: -€22,604
- Intangible fixed assets +€15,891
up €15,891 (+292%), from €5,442 to €21,333
- Cash +€13,260
up €13,260 (+65.0%), from €20,397 to €33,656
mainly Receivables within one year (+€22,183) and Depreciation (+€17,371)
- Trade debts -€30,444
down €30,444 (-90.8%), from €33,519 to €3,075
- Profit (loss) carried forward +€2,437
up €2,437 (+4.6%), from -€53,089 to -€50,653
- Debts after one year +€1,713
up €1,713 (+3.7%), from €46,878 to €48,591
- Depreciation +€10,667
up €10,667 (+159%), from €6,704 to €17,371
- Gross operating margin +€2,539
up €2,539 (+14.7%), from €17,330 to €19,869
- Other operating charges -€340
no longer reported in 2025 (was €340)
- Financial charges -€214
down €214 (-69.2%), from €310 to €96
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 | €95,508 | €69,213 | -€26,294 | -27.5% |
| Fixed assets | 21/28 | €43,276 | €25,905 | -€17,371 | -40.1% |
| Intangible fixed assets | 21 | €5,442 | €21,333 | +€15,891 | +292% |
| Tangible fixed assets | 22/27 | €37,784 | €4,522 | -€33,262 | -88.0% |
| Furniture and vehicles | 24 | €5,108 | €4,301 | -€808 | -15.8% |
| Other tangible fixed assets | 26 | €676 | €221 | -€455 | -67.3% |
| Assets under construction and advance payments | 27 | €32,000 | - | -€32,000 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €52,232 | €43,308 | -€8,924 | -17.1% |
| Amounts receivable within one year | 40/41 | €31,835 | €9,652 | -€22,183 | -69.7% |
| Trade receivables | 40 | €31,581 | €8,977 | -€22,604 | -71.6% |
| Other amounts receivable | 41 | €254 | €675 | +€421 | +165% |
| Cash at bank and in hand | 54/58 | €20,397 | €33,656 | +€13,260 | +65.0% |
| Total equity and liabilities | 10/49 | €95,508 | €69,213 | -€26,294 | -27.5% |
| Equity | 10/15 | €15,111 | €17,547 | +€2,437 | +16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,089 | -€50,653 | +€2,437 | +4.6% |
| Amounts payable | 17/49 | €80,397 | €51,666 | -€28,731 | -35.7% |
| Amounts payable after more than one year | 17 | €46,878 | €48,591 | +€1,713 | +3.7% |
| Other amounts payable | 178/9 | €46,878 | €48,591 | +€1,713 | +3.7% |
| Amounts payable within one year | 42/48 | €33,519 | €3,075 | -€30,444 | -90.8% |
| Trade debts | 44 | €33,519 | €3,075 | -€30,444 | -90.8% |
| Suppliers | 440/4 | €33,519 | €3,075 | -€30,444 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,704 | €17,371 | +€10,667 | +159% |
| Other operating charges | 640/8 | €340 | - | -€340 | |
| Gross operating margin | 9900 | €17,330 | €19,869 | +€2,539 | +14.7% |
| Operating profit (loss) | 9901 | €10,285 | €2,498 | -€7,787 | -75.7% |
| Financial income | 75/76B | €5 | €34 | +€29 | +578% |
| Recurring financial income | 75 | €5 | €34 | +€29 | +578% |
| Financial charges | 65/66B | €310 | €96 | -€214 | -69.2% |
| Recurring financial charges | 65 | €310 | €96 | -€214 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €9,981 | €2,437 | -€7,544 | -75.6% |
| Profit (loss) for the period | 9904 | €9,981 | €2,437 | -€7,544 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,981 | €2,437 | -€7,544 | -75.6% |
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 2 November 2026 via checked.be.