CRABEX: what changed
Two fiscal 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.
CRABEX
Largest movements
- Cash -€169,918
down €169,918 (-32.2%), from €526,914 to €356,997
mainly Other debts (-€277,375) and Debts after one year (-€10,630)
- Current investments -€82,364
down €82,364 (-49.0%), from €168,022 to €85,658
- Tangible fixed assets -€23,335
down €23,335 (-4.5%), from €515,211 to €491,876
- Other debts -€277,375
down €277,375 (-50.2%), from €553,006 to €275,631
- Financial income +€8,407
up €8,407 (+151.0%), from €5,567 to €13,974
- Gross operating margin -€7,204
down €7,204 (-10.4%), from €68,940 to €61,737
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.
Cash bridge derived
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 | €1,485,526 | €1,210,779 | -€274,747 | -18.5% |
| Fixed assets | 21/28 | €785,314 | €761,979 | -€23,335 | -3.0% |
| Tangible fixed assets | 22/27 | €515,211 | €491,876 | -€23,335 | -4.5% |
| Land and buildings | 22 | €515,211 | €491,876 | -€23,335 | -4.5% |
| Financial fixed assets | 28 | €270,103 | €270,103 | = | 0.0% |
| Current assets | 29/58 | €700,212 | €448,800 | -€251,412 | -35.9% |
| Amounts receivable within one year | 40/41 | €5,276 | €6,145 | +€869 | +16.5% |
| Trade receivables | 40 | €1,441 | - | -€1,441 | |
| Other amounts receivable | 41 | €3,835 | €6,145 | +€2,310 | +60.2% |
| Current investments | 50/53 | €168,022 | €85,658 | -€82,364 | -49.0% |
| Cash at bank and in hand | 54/58 | €526,914 | €356,997 | -€169,918 | -32.2% |
| Total equity and liabilities | 10/49 | €1,485,526 | €1,210,779 | -€274,747 | -18.5% |
| Equity | 10/15 | €896,024 | €907,105 | +€11,081 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €883,624 | €894,705 | +€11,081 | +1.3% |
| Distributable reserves | 133 | €883,624 | €894,705 | +€11,081 | +1.3% |
| Amounts payable | 17/49 | €589,502 | €303,674 | -€285,828 | -48.5% |
| Amounts payable after more than one year | 17 | €18,299 | €7,669 | -€10,630 | -58.1% |
| Other amounts payable | 178/9 | €18,299 | €7,669 | -€10,630 | -58.1% |
| Amounts payable within one year | 42/48 | €571,204 | €296,005 | -€275,198 | -48.2% |
| Trade debts | 44 | - | €2,886 | +€2,886 | |
| Suppliers | 440/4 | - | €2,886 | +€2,886 | |
| Taxes, remuneration and social security | 45 | €18,198 | €17,489 | -€709 | -3.9% |
| Taxes | 450/3 | €14,298 | €14,989 | +€691 | +4.8% |
| Remuneration and social security | 454/9 | €3,900 | €2,500 | -€1,400 | -35.9% |
| Other amounts payable | 47/48 | €553,006 | €275,631 | -€277,375 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,335 | €23,335 | = | 0.0% |
| Other operating charges | 640/8 | €4,287 | €4,772 | +€485 | +11.3% |
| Gross operating margin | 9900 | €68,940 | €61,737 | -€7,204 | -10.4% |
| Operating profit (loss) | 9901 | €41,319 | €33,630 | -€7,689 | -18.6% |
| Financial income | 75/76B | €5,567 | €13,974 | +€8,407 | +151.0% |
| Recurring financial income | 75 | €5,567 | €13,974 | +€8,407 | +151.0% |
| Financial charges | 65/66B | €32,710 | €32,367 | -€342 | -1.0% |
| Recurring financial charges | 65 | €32,710 | €32,367 | -€342 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €14,176 | €15,236 | +€1,060 | +7.5% |
| Income taxes | 67/77 | €3,866 | €4,155 | +€289 | +7.5% |
| Profit (loss) for the period | 9904 | €10,310 | €11,081 | +€771 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,310 | €11,081 | +€771 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.