CRAF: 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.
CRAF
Largest movements
- Tangible fixed assets -€73,181
down €73,181 (-14.6%), from €499,897 to €426,715
of which Land and buildings: -€72,720
- Cash +€11,489
up €11,489 (+5.3%), from €218,002 to €229,490
mainly Depreciation (+€73,181)
- Profit (loss) carried forward -€58,666
down €58,666 (-11.0%), from €534,866 to €476,200
- Gross operating margin -€15,489
down €15,489 (-35.5%), from €43,603 to €28,114
- Depreciation -€1,481
down €1,481 (-2.0%), from €74,662 to €73,181
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 | €722,820 | €663,882 | -€58,938 | -8.2% |
| Fixed assets | 21/28 | €500,123 | €426,941 | -€73,181 | -14.6% |
| Tangible fixed assets | 22/27 | €499,897 | €426,715 | -€73,181 | -14.6% |
| Land and buildings | 22 | €475,903 | €403,184 | -€72,720 | -15.3% |
| Plant, machinery and equipment | 23 | €718 | €257 | -€462 | -64.3% |
| Leasing and similar rights | 25 | €23,275 | €23,275 | = | 0.0% |
| Financial fixed assets | 28 | €226 | €226 | = | 0.0% |
| Current assets | 29/58 | €222,697 | €236,940 | +€14,243 | +6.4% |
| Amounts receivable within one year | 40/41 | €3,142 | €3,811 | +€668 | +21.3% |
| Trade receivables | 40 | €3,142 | €3,811 | +€668 | +21.3% |
| Cash at bank and in hand | 54/58 | €218,002 | €229,490 | +€11,489 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,553 | €3,639 | +€2,086 | +134.4% |
| Total equity and liabilities | 10/49 | €722,820 | €663,882 | -€58,938 | -8.2% |
| Equity | 10/15 | €572,820 | €514,154 | -€58,666 | -10.2% |
| Contributions | 10/11 | €22,080 | €22,080 | = | 0.0% |
| Reserves | 13 | €15,874 | €15,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,666 | €13,666 | = | 0.0% |
| Distributable reserves | 133 | €2,208 | €2,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534,866 | €476,200 | -€58,666 | -11.0% |
| Amounts payable | 17/49 | €150,000 | €149,728 | -€272 | -0.2% |
| Amounts payable within one year | 42/48 | €150,000 | €149,728 | -€272 | -0.2% |
| Taxes, remuneration and social security | 45 | €150,000 | €149,728 | -€272 | -0.2% |
| Taxes | 450/3 | €150,000 | €149,728 | -€272 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,662 | €73,181 | -€1,481 | -2.0% |
| Other operating charges | 640/8 | €12,063 | €12,254 | +€191 | +1.6% |
| Gross operating margin | 9900 | €43,603 | €28,114 | -€15,489 | -35.5% |
| Operating profit (loss) | 9901 | -€43,122 | -€57,321 | -€14,199 | -32.9% |
| Financial charges | 65/66B | €1,443 | €1,345 | -€98 | -6.8% |
| Recurring financial charges | 65 | €1,443 | €1,345 | -€98 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,565 | -€58,666 | -€14,101 | -31.6% |
| Profit (loss) for the period | 9904 | -€44,565 | -€58,666 | -€14,101 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,565 | -€58,666 | -€14,101 | -31.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.