CRACO: 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.
CRACO
Largest movements
- Stocks and contracts -€348,607
down €348,607 (-23.1%), from €1.5m to €1.2m
- Receivables within one year +€60,914
up €60,914 (+11.3%), from €540,614 to €601,528
of which Trade receivables: +€48,296
- Cash -€33,336
down €33,336 (-65.4%), from €50,946 to €17,610
mainly Trade debts (-€262,707) and Other debts (-€219,652)
- Deferred charges and accrued income -€23,680
down €23,680 (-11.7%), from €203,000 to €179,321
- Profit (loss) carried forward +€331,078
up €331,078 (+130.7%), from €253,346 to €584,424
- Trade debts -€262,707
down €262,707 (-54.4%), from €483,322 to €220,615
- Other debts -€219,652
down €219,652 (-51.5%), from €426,180 to €206,528
- Debts after one year -€150,307
down €150,307 (-59.1%), from €254,304 to €103,997
- Short-term financial debts -€118,598
down €118,598 (-21.5%), from €552,444 to €433,846
- Gross operating margin +€289,008
up €289,008 (+179.9%), from €160,628 to €449,636
- Financial income +€118,356
up €118,356 (+108.6%), from €109,009 to €227,365
- Taxes +€115,193
up €115,193 (+860.1%), from €13,393 to €128,586
- Financial charges -€20,081
down €20,081 (-19.6%), from €102,385 to €82,304
- Other operating charges +€5,484
up €5,484 (+356.2%), from €1,540 to €7,024
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 | €2,303,553 | €1,958,844 | -€344,709 | -15.0% |
| Current assets | 29/58 | €2,303,553 | €1,958,844 | -€344,709 | -15.0% |
| Stocks and contracts in progress | 3 | €1,508,993 | €1,160,386 | -€348,607 | -23.1% |
| Stocks | 30/36 | €1,508,993 | €1,160,386 | -€348,607 | -23.1% |
| Amounts receivable within one year | 40/41 | €540,614 | €601,528 | +€60,914 | +11.3% |
| Trade receivables | 40 | €540,614 | €588,910 | +€48,296 | +8.9% |
| Other amounts receivable | 41 | - | €12,618 | +€12,618 | |
| Cash at bank and in hand | 54/58 | €50,946 | €17,610 | -€33,336 | -65.4% |
| Deferred charges and accrued income | 490/1 | €203,000 | €179,321 | -€23,680 | -11.7% |
| Total equity and liabilities | 10/49 | €2,303,553 | €1,958,844 | -€344,709 | -15.0% |
| Equity | 10/15 | €364,621 | €695,699 | +€331,078 | +90.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €36,907 | €36,907 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,470 | €29,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,346 | €584,424 | +€331,078 | +130.7% |
| Amounts payable | 17/49 | €1,938,932 | €1,263,145 | -€675,787 | -34.9% |
| Amounts payable after more than one year | 17 | €254,304 | €103,997 | -€150,307 | -59.1% |
| Financial debts | 170/4 | €254,304 | €103,997 | -€150,307 | -59.1% |
| Amounts payable within one year | 42/48 | €1,684,628 | €1,158,719 | -€525,909 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €143,746 | €150,307 | +€6,561 | +4.6% |
| Financial debts | 43 | €552,444 | €433,846 | -€118,598 | -21.5% |
| Credit institutions | 430/8 | €552,444 | €433,846 | -€118,598 | -21.5% |
| Trade debts | 44 | €483,322 | €220,615 | -€262,707 | -54.4% |
| Suppliers | 440/4 | €483,322 | €220,615 | -€262,707 | -54.4% |
| Taxes, remuneration and social security | 45 | €78,936 | €147,422 | +€68,486 | +86.8% |
| Taxes | 450/3 | €61,759 | €130,869 | +€69,110 | +111.9% |
| Remuneration and social security | 454/9 | €17,177 | €16,553 | -€624 | -3.6% |
| Other amounts payable | 47/48 | €426,180 | €206,528 | -€219,652 | -51.5% |
| Accrued charges and deferred income | 492/3 | - | €430 | +€430 | |
| Remuneration, social security and pensions | 62 | €128,558 | €128,009 | -€550 | -0.4% |
| Other operating charges | 640/8 | €1,540 | €7,024 | +€5,484 | +356.2% |
| Gross operating margin | 9900 | €160,628 | €449,636 | +€289,008 | +179.9% |
| Operating profit (loss) | 9901 | €30,530 | €314,604 | +€284,073 | +930.5% |
| Financial income | 75/76B | €109,009 | €227,365 | +€118,356 | +108.6% |
| Recurring financial income | 75 | €109,009 | €227,365 | +€118,356 | +108.6% |
| Financial charges | 65/66B | €102,385 | €82,304 | -€20,081 | -19.6% |
| Recurring financial charges | 65 | €102,385 | €82,304 | -€20,081 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €37,154 | €459,664 | +€422,510 | +1137.2% |
| Income taxes | 67/77 | €13,393 | €128,586 | +€115,193 | +860.1% |
| Profit (loss) for the period | 9904 | €23,761 | €331,078 | +€307,317 | +1293.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,761 | €331,078 | +€307,317 | +1293.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.