CRAEYNEST: 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.
CRAEYNEST
Largest movements
- Cash -€866,046
down €866,046 (-79.9%), from €1.1m to €218,225
mainly Investment in fixed assets (net) (-€993,089) and Net result for the year (-€71,953)
- Tangible fixed assets +€837,982
up €837,982 (+17.4%), from €4.8m to €5.7m
of which Land and buildings: +€839,168
- Reserves -€103,953
down €103,953 (-1.9%), from €5.4m to €5.3m
of which Distributable reserves: -€92,258
- Gross operating margin -€630,527
down €630,527 (-85.5%), from €737,126 to €106,600
- Depreciation -€222,198
down €222,198 (-53.7%), from €413,972 to €191,774
- Financial income +€11,073
up €11,073 (+59.3%), from €18,684 to €29,758
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 | €5,989,359 | €5,931,566 | -€57,793 | -1.0% |
| Fixed assets | 21/28 | €4,898,433 | €5,699,749 | +€801,316 | +16.4% |
| Tangible fixed assets | 22/27 | €4,816,983 | €5,654,965 | +€837,982 | +17.4% |
| Land and buildings | 22 | €4,813,075 | €5,652,243 | +€839,168 | +17.4% |
| Plant, machinery and equipment | 23 | €1,264 | €739 | -€524 | -41.5% |
| Furniture and vehicles | 24 | €2,645 | €1,983 | -€661 | -25.0% |
| Financial fixed assets | 28 | €81,450 | €44,783 | -€36,667 | -45.0% |
| Current assets | 29/58 | €1,090,926 | €231,818 | -€859,108 | -78.8% |
| Amounts receivable within one year | 40/41 | €5,679 | €11,623 | +€5,944 | +104.7% |
| Other amounts receivable | 41 | €5,679 | €11,623 | +€5,944 | +104.7% |
| Cash at bank and in hand | 54/58 | €1,084,271 | €218,225 | -€866,046 | -79.9% |
| Deferred charges and accrued income | 490/1 | €976 | €1,970 | +€994 | +101.8% |
| Total equity and liabilities | 10/49 | €5,989,359 | €5,931,566 | -€57,793 | -1.0% |
| Equity | 10/15 | €5,755,954 | €5,652,001 | -€103,953 | -1.8% |
| Contributions | 10/11 | €396,396 | €396,396 | = | 0.0% |
| Reserves | 13 | €5,359,558 | €5,255,605 | -€103,953 | -1.9% |
| Tax-exempt reserves | 132 | €366,017 | €354,322 | -€11,695 | -3.2% |
| Distributable reserves | 133 | €4,993,541 | €4,901,283 | -€92,258 | -1.8% |
| Provisions and deferred taxes | 16 | €194,816 | €190,918 | -€3,898 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €74,922 | €74,922 | = | 0.0% |
| Pensions and similar obligations | 160 | €74,922 | €74,922 | = | 0.0% |
| Deferred taxes | 168 | €119,894 | €115,996 | -€3,898 | -3.3% |
| Amounts payable | 17/49 | €38,589 | €88,648 | +€50,059 | +129.7% |
| Amounts payable within one year | 42/48 | €38,589 | €83,495 | +€44,906 | +116.4% |
| Trade debts | 44 | €5,033 | €10,662 | +€5,629 | +111.9% |
| Suppliers | 440/4 | €5,033 | €10,662 | +€5,629 | +111.9% |
| Advances received on contracts in progress | 46 | €885 | - | -€885 | |
| Taxes, remuneration and social security | 45 | €22,386 | €54,526 | +€32,140 | +143.6% |
| Taxes | 450/3 | €22,386 | €54,526 | +€32,140 | +143.6% |
| Other amounts payable | 47/48 | €10,286 | €18,307 | +€8,022 | +78.0% |
| Accrued charges and deferred income | 492/3 | - | €5,153 | +€5,153 | |
| Non-recurring operating income | 76A | €715,205 | - | -€715,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413,972 | €191,774 | -€222,198 | -53.7% |
| Other operating charges | 640/8 | €22,266 | €19,215 | -€3,050 | -13.7% |
| Gross operating margin | 9900 | €737,126 | €106,600 | -€630,527 | -85.5% |
| Operating profit (loss) | 9901 | €300,889 | -€104,389 | -€405,278 | |
| Financial income | 75/76B | €18,684 | €29,758 | +€11,073 | +59.3% |
| Recurring financial income | 75 | €18,684 | €29,758 | +€11,073 | +59.3% |
| Financial charges | 65/66B | €822 | €866 | +€43 | +5.3% |
| Recurring financial charges | 65 | €822 | €866 | +€43 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €318,751 | -€75,498 | -€394,249 | |
| Transfer from deferred taxes | 780 | €2,122 | €3,898 | +€1,776 | +83.7% |
| Transfer to deferred taxes | 680 | €83,163 | - | -€83,163 | |
| Income taxes | 67/77 | €2,854 | €354 | -€2,500 | -87.6% |
| Profit (loss) for the period | 9904 | €234,856 | -€71,953 | -€306,809 | |
| Transfer from tax-exempt reserves | 789 | €6,367 | €11,695 | +€5,328 | +83.7% |
| Transfer to tax-exempt reserves | 689 | €249,489 | - | -€249,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,266 | -€60,258 | -€51,992 | -629.0% |
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 3 October 2026 via checked.be.