CRAEYMEERSCH: what changed
CRAEYMEERSCH
Largest movements
- Cash +€380,497
up €380,497 (+945%), from €40,268 to €420,765
mainly Net result for the year (+€262,006) and Depreciation (+€90,241)
- Current investments +€120,706
up €120,706 (+25.5%), from €474,180 to €594,886
- Tangible fixed assets -€91,421
down €91,421 (-4.8%), from €1.9m to €1.8m
of which Land and buildings: -€81,070
- Receivables within one year -€84,354
down €84,354 (-46.8%), from €180,234 to €95,880
of which Other amounts receivable: -€99,871
- Stocks and contracts -€77,901
down €77,901 (-18.8%), from €414,145 to €336,245
- Profit (loss) carried forward +€262,006
up €262,006 (+23.6%), from €1.1m to €1.4m
- Gross operating margin +€200,622
up €200,622 (+450%), from €44,554 to €245,177
- Financial income +€140,233
up €140,233 (+1,058%), from €13,251 to €153,484
- Taxes +€17,938
up €17,938, from -€15,267 to €2,671
- Depreciation -€7,803
down €7,803 (-8.0%), from €98,045 to €90,241
- Financial charges +€5,841
up €5,841 (+164%), from €3,561 to €9,402
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 | €2,998,374 | €3,245,901 | +€247,527 | +8.3% |
| Fixed assets | 21/28 | €1,889,546 | €1,798,125 | -€91,421 | -4.8% |
| Tangible fixed assets | 22/27 | €1,889,546 | €1,798,125 | -€91,421 | -4.8% |
| Land and buildings | 22 | €1,857,199 | €1,776,129 | -€81,070 | -4.4% |
| Plant, machinery and equipment | 23 | €24,663 | €19,240 | -€5,423 | -22.0% |
| Furniture and vehicles | 24 | €7,685 | €2,757 | -€4,928 | -64.1% |
| Current assets | 29/58 | €1,108,828 | €1,447,776 | +€338,948 | +30.6% |
| Stocks and contracts in progress | 3 | €414,145 | €336,245 | -€77,901 | -18.8% |
| Stocks | 30/36 | €414,145 | €336,245 | -€77,901 | -18.8% |
| Amounts receivable within one year | 40/41 | €180,234 | €95,880 | -€84,354 | -46.8% |
| Trade receivables | 40 | €16,869 | €32,386 | +€15,517 | +92.0% |
| Other amounts receivable | 41 | €163,365 | €63,494 | -€99,871 | -61.1% |
| Current investments | 50/53 | €474,180 | €594,886 | +€120,706 | +25.5% |
| Cash at bank and in hand | 54/58 | €40,268 | €420,765 | +€380,497 | +945% |
| Total equity and liabilities | 10/49 | €2,998,374 | €3,245,901 | +€247,527 | +8.3% |
| Equity | 10/15 | €2,972,425 | €3,234,431 | +€262,006 | +8.8% |
| 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 | €1,802,037 | €1,802,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,739,587 | €1,739,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,108,388 | €1,370,394 | +€262,006 | +23.6% |
| Amounts payable | 17/49 | €25,949 | €11,470 | -€14,479 | -55.8% |
| Amounts payable within one year | 42/48 | €25,949 | €11,470 | -€14,479 | -55.8% |
| Trade debts | 44 | €5,069 | €11,470 | +€6,401 | +126% |
| Suppliers | 440/4 | €5,069 | €11,470 | +€6,401 | +126% |
| Other amounts payable | 47/48 | €20,880 | - | -€20,880 | |
| Non-recurring operating income | 76A | - | €22,322 | +€22,322 | |
| Remuneration, social security and pensions | 62 | €458 | - | -€458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,045 | €90,241 | -€7,803 | -8.0% |
| Other operating charges | 640/8 | €27,393 | €33,161 | +€5,768 | +21.1% |
| Non-recurring operating charges | 66A | - | €1,180 | +€1,180 | |
| Gross operating margin | 9900 | €44,554 | €245,177 | +€200,622 | +450% |
| Operating profit (loss) | 9901 | -€81,341 | €120,595 | +€201,936 | |
| Financial income | 75/76B | €13,251 | €153,484 | +€140,233 | +1,058% |
| Recurring financial income | 75 | €13,251 | €153,484 | +€140,233 | +1,058% |
| Financial charges | 65/66B | €3,561 | €9,402 | +€5,841 | +164% |
| Recurring financial charges | 65 | €3,561 | €9,402 | +€5,841 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€71,652 | €264,677 | +€336,328 | |
| Income taxes | 67/77 | -€15,267 | €2,671 | +€17,938 | |
| Profit (loss) for the period | 9904 | -€56,384 | €262,006 | +€318,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,384 | €262,006 | +€318,390 |
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 3 November 2026 via checked.be.