CR38TIV: 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.
CR38TIV
Largest movements
- Intangible fixed assets +€3,025
up €3,025 (+1,680%), from €180 to €3,205
- Receivables within one year +€1,177
up €1,177 (+9.7%), from €12,159 to €13,337
of which Other amounts receivable: +€4,060
- Tangible fixed assets +€843
up €843 (+2.2%), from €37,783 to €38,626
of which Furniture and vehicles: +€2,067
- Profit (loss) carried forward +€5,368
up €5,368 (+14.9%), from €36,015 to €41,384
- Current portion of long-term debt -€2,864
down €2,864 (-24.5%), from €11,715 to €8,851
- Tax, wage and social debts +€2,499
up €2,499 (+49.7%), from €5,033 to €7,532
- Short-term financial debts +€1,772
new in 2025: €1,772
of which Credit institutions: +€1,651
- Gross operating margin -€14,068
down €14,068 (-42.4%), from €33,196 to €19,128
- Financial charges -€4,681
down €4,681 (-91.0%), from €5,142 to €461
- Taxes -€2,083
down €2,083 (-56.2%), from €3,707 to €1,624
- Depreciation +€1,577
up €1,577 (+15.0%), from €10,534 to €12,111
- Other operating charges -€1,150
down €1,150 (-75.1%), from €1,531 to €381
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 | €71,368 | €77,108 | +€5,740 | +8.0% |
| Fixed assets | 21/28 | €59,162 | €63,772 | +€4,610 | +7.8% |
| Intangible fixed assets | 21 | €180 | €3,205 | +€3,025 | +1,680% |
| Tangible fixed assets | 22/27 | €37,783 | €38,626 | +€843 | +2.2% |
| Plant, machinery and equipment | 23 | €6,523 | €5,300 | -€1,223 | -18.8% |
| Furniture and vehicles | 24 | €31,260 | €33,326 | +€2,067 | +6.6% |
| Financial fixed assets | 28 | €21,199 | €21,941 | +€742 | +3.5% |
| Current assets | 29/58 | €12,206 | €13,337 | +€1,130 | +9.3% |
| Amounts receivable within one year | 40/41 | €12,159 | €13,337 | +€1,177 | +9.7% |
| Trade receivables | 40 | €12,159 | €9,276 | -€2,883 | -23.7% |
| Other amounts receivable | 41 | €0 | €4,060 | +€4,060 | |
| Cash at bank and in hand | 54/58 | €2 | €0 | -€2 | -100% |
| Deferred charges and accrued income | 490/1 | €45 | €0 | -€45 | -100% |
| Total equity and liabilities | 10/49 | €71,368 | €77,108 | +€5,740 | +8.0% |
| Equity | 10/15 | €38,515 | €43,884 | +€5,368 | +13.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,015 | €41,384 | +€5,368 | +14.9% |
| Amounts payable | 17/49 | €32,853 | €33,225 | +€372 | +1.1% |
| Amounts payable after more than one year | 17 | €5,814 | €5,814 | = | 0.0% |
| Financial debts | 170/4 | €5,814 | €5,814 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,038 | €27,410 | +€372 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €11,715 | €8,851 | -€2,864 | -24.5% |
| Financial debts | 43 | - | €1,772 | +€1,772 | |
| Credit institutions | 430/8 | - | €1,651 | +€1,651 | |
| Other loans | 439 | - | €121 | +€121 | |
| Trade debts | 44 | €9,687 | €9,255 | -€431 | -4.5% |
| Suppliers | 440/4 | €9,687 | €9,255 | -€431 | -4.5% |
| Taxes, remuneration and social security | 45 | €5,033 | €7,532 | +€2,499 | +49.7% |
| Taxes | 450/3 | €5,033 | €7,532 | +€2,499 | +49.7% |
| Other amounts payable | 47/48 | €604 | €0 | -€604 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,534 | €12,111 | +€1,577 | +15.0% |
| Other operating charges | 640/8 | €1,531 | €381 | -€1,150 | -75.1% |
| Gross operating margin | 9900 | €33,196 | €19,128 | -€14,068 | -42.4% |
| Operating profit (loss) | 9901 | €21,130 | €6,636 | -€14,495 | -68.6% |
| Financial income | 75/76B | €15 | €818 | +€803 | +5,475% |
| Recurring financial income | 75 | €15 | €818 | +€803 | +5,475% |
| Financial charges | 65/66B | €5,142 | €461 | -€4,681 | -91.0% |
| Recurring financial charges | 65 | €5,142 | €461 | -€4,681 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €16,003 | €6,992 | -€9,011 | -56.3% |
| Income taxes | 67/77 | €3,707 | €1,624 | -€2,083 | -56.2% |
| Profit (loss) for the period | 9904 | €12,296 | €5,368 | -€6,928 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,296 | €5,368 | -€6,928 | -56.3% |
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 23 October 2026 via checked.be.