Crabbé 2.0: 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.
Crabbé 2.0
Largest movements
- Cash +€130,318
up €130,318 (+23.3%), from €559,459 to €689,777
mainly Net result for the year (+€125,817) and Depreciation (+€27,177)
- Tangible fixed assets -€25,951
down €25,951 (-8.9%), from €291,864 to €265,913
of which Leasing and similar rights: -€13,485
- Stocks and contracts -€22,929
down €22,929 (-17.3%), from €132,814 to €109,885
- Receivables within one year +€12,204
up €12,204 (+32.4%), from €37,642 to €49,845
of which Other amounts receivable: +€17,368
- Reserves +€125,817
up €125,817 (+16.4%), from €768,206 to €894,023
- Debts after one year -€29,389
down €29,389 (-30.7%), from €95,620 to €66,231
- Taxes -€21,491
down €21,491 (-26.1%), from €82,312 to €60,822
- Gross operating margin -€18,568
down €18,568 (-6.2%), from €299,954 to €281,386
- Financial charges -€3,620
down €3,620 (-29.3%), from €12,356 to €8,736
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 | €1,049,465 | €1,140,583 | +€91,118 | +8.7% |
| Fixed assets | 21/28 | €291,864 | €265,913 | -€25,951 | -8.9% |
| Tangible fixed assets | 22/27 | €291,864 | €265,913 | -€25,951 | -8.9% |
| Land and buildings | 22 | €1,219 | €1,173 | -€46 | -3.8% |
| Plant, machinery and equipment | 23 | €21,514 | €14,231 | -€7,283 | -33.9% |
| Leasing and similar rights | 25 | €234,780 | €221,296 | -€13,485 | -5.7% |
| Other tangible fixed assets | 26 | €34,350 | €29,213 | -€5,137 | -15.0% |
| Current assets | 29/58 | €757,601 | €874,670 | +€117,069 | +15.5% |
| Stocks and contracts in progress | 3 | €132,814 | €109,885 | -€22,929 | -17.3% |
| Stocks | 30/36 | €132,814 | €109,885 | -€22,929 | -17.3% |
| Amounts receivable within one year | 40/41 | €37,642 | €49,845 | +€12,204 | +32.4% |
| Trade receivables | 40 | €14,798 | €9,634 | -€5,165 | -34.9% |
| Other amounts receivable | 41 | €22,843 | €40,211 | +€17,368 | +76.0% |
| Cash at bank and in hand | 54/58 | €559,459 | €689,777 | +€130,318 | +23.3% |
| Deferred charges and accrued income | 490/1 | €27,686 | €25,162 | -€2,524 | -9.1% |
| Total equity and liabilities | 10/49 | €1,049,465 | €1,140,583 | +€91,118 | +8.7% |
| Equity | 10/15 | €822,806 | €948,623 | +€125,817 | +15.3% |
| Contributions | 10/11 | €54,600 | €54,600 | = | 0.0% |
| Reserves | 13 | €768,206 | €894,023 | +€125,817 | +16.4% |
| Distributable reserves | 133 | €768,206 | €894,023 | +€125,817 | +16.4% |
| Amounts payable | 17/49 | €226,659 | €191,960 | -€34,699 | -15.3% |
| Amounts payable after more than one year | 17 | €95,620 | €66,231 | -€29,389 | -30.7% |
| Financial debts | 170/4 | €95,620 | €66,231 | -€29,389 | -30.7% |
| Amounts payable within one year | 42/48 | €130,414 | €125,104 | -€5,310 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €28,154 | €29,369 | +€1,214 | +4.3% |
| Financial debts | 43 | €36,993 | €35,812 | -€1,181 | -3.2% |
| Credit institutions | 430/8 | €36,993 | €35,812 | -€1,181 | -3.2% |
| Trade debts | 44 | €25,853 | €22,112 | -€3,741 | -14.5% |
| Suppliers | 440/4 | €25,853 | €22,112 | -€3,741 | -14.5% |
| Taxes, remuneration and social security | 45 | €29,370 | €27,468 | -€1,902 | -6.5% |
| Taxes | 450/3 | €19,896 | €22,740 | +€2,844 | +14.3% |
| Remuneration and social security | 454/9 | €9,474 | €4,728 | -€4,746 | -50.1% |
| Other amounts payable | 47/48 | €10,044 | €10,343 | +€300 | +3.0% |
| Accrued charges and deferred income | 492/3 | €625 | €625 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €50,710 | €53,377 | +€2,667 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,998 | €27,177 | -€1,821 | -6.3% |
| Other operating charges | 640/8 | €5,294 | €7,723 | +€2,429 | +45.9% |
| Gross operating margin | 9900 | €299,954 | €281,386 | -€18,568 | -6.2% |
| Operating profit (loss) | 9901 | €214,952 | €193,110 | -€21,843 | -10.2% |
| Financial income | 75/76B | €816 | €2,265 | +€1,448 | +177% |
| Recurring financial income | 75 | €816 | €2,265 | +€1,448 | +177% |
| Financial charges | 65/66B | €12,356 | €8,736 | -€3,620 | -29.3% |
| Recurring financial charges | 65 | €12,356 | €8,736 | -€3,620 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €203,413 | €186,638 | -€16,775 | -8.2% |
| Income taxes | 67/77 | €82,312 | €60,822 | -€21,491 | -26.1% |
| Profit (loss) for the period | 9904 | €121,101 | €125,817 | +€4,716 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €121,101 | €125,817 | +€4,716 | +3.9% |
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.