CRAFFAGA: what changed
Two financial 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.
CRAFFAGA
Largest movements
- Tangible fixed assets +€147,064
up €147,064 (+36.2%), from €406,666 to €553,730
- Receivables within one year -€40,812
no longer reported in 2025 (was €40,812)
of which Trade receivables: -€35,774
- Cash -€31,983
down €31,983 (-88.0%), from €36,348 to €4,365
mainly Investment in fixed assets (net) (-€157,264) and Debts after one year (-€25,941)
- Current investments +€13,210
up €13,210 (+54.9%), from €24,060 to €37,270
- Other debts +€75,571
up €75,571 (+39.2%), from €192,873 to €268,444
- Trade debts +€26,468
new in 2025: €26,468
- Debts after one year -€25,941
down €25,941 (-8.7%), from €299,368 to €273,427
- Current portion of long-term debt +€12,844
up €12,844 (+1062.1%), from €1,209 to €14,053
- Tax, wage and social debts -€7,035
down €7,035 (-40.0%), from €17,584 to €10,549
of which Remuneration and social security: -€4,479
- Financial charges +€6,987
up €6,987 (+166.7%), from €4,191 to €11,177
- Taxes +€871
new in 2025: €871
- Gross operating margin +€532
up €532 (+1.1%), from €47,572 to €48,104
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 | €507,887 | €595,365 | +€87,478 | +17.2% |
| Fixed assets | 21/28 | €406,666 | €553,730 | +€147,064 | +36.2% |
| Tangible fixed assets | 22/27 | €406,666 | €553,730 | +€147,064 | +36.2% |
| Land and buildings | 22 | €406,666 | €553,730 | +€147,064 | +36.2% |
| Current assets | 29/58 | €101,221 | €41,635 | -€59,586 | -58.9% |
| Amounts receivable within one year | 40/41 | €40,812 | - | -€40,812 | |
| Trade receivables | 40 | €35,774 | - | -€35,774 | |
| Other amounts receivable | 41 | €5,039 | - | -€5,039 | |
| Current investments | 50/53 | €24,060 | €37,270 | +€13,210 | +54.9% |
| Cash at bank and in hand | 54/58 | €36,348 | €4,365 | -€31,983 | -88.0% |
| Total equity and liabilities | 10/49 | €507,887 | €595,365 | +€87,478 | +17.2% |
| Equity | 10/15 | -€3,146 | €2,425 | +€5,571 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,146 | -€1,575 | +€5,571 | +78.0% |
| Amounts payable | 17/49 | €511,033 | €592,940 | +€81,907 | +16.0% |
| Amounts payable after more than one year | 17 | €299,368 | €273,427 | -€25,941 | -8.7% |
| Financial debts | 170/4 | €299,368 | €273,427 | -€25,941 | -8.7% |
| Amounts payable within one year | 42/48 | €211,666 | €319,513 | +€107,848 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €1,209 | €14,053 | +€12,844 | +1062.1% |
| Trade debts | 44 | - | €26,468 | +€26,468 | |
| Suppliers | 440/4 | - | €26,468 | +€26,468 | |
| Taxes, remuneration and social security | 45 | €17,584 | €10,549 | -€7,035 | -40.0% |
| Taxes | 450/3 | €13,105 | €10,549 | -€2,556 | -19.5% |
| Remuneration and social security | 454/9 | €4,479 | - | -€4,479 | |
| Other amounts payable | 47/48 | €192,873 | €268,444 | +€75,571 | +39.2% |
| Remuneration, social security and pensions | 62 | - | €65 | +€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,200 | €10,200 | = | 0.0% |
| Other operating charges | 640/8 | €20,847 | €20,429 | -€418 | -2.0% |
| Gross operating margin | 9900 | €47,572 | €48,104 | +€532 | +1.1% |
| Operating profit (loss) | 9901 | €16,526 | €17,410 | +€885 | +5.4% |
| Financial income | 75/76B | €1 | €210 | +€209 | +33750.0% |
| Recurring financial income | 75 | €1 | €210 | +€209 | +33750.0% |
| Financial charges | 65/66B | €4,191 | €11,177 | +€6,987 | +166.7% |
| Recurring financial charges | 65 | €4,191 | €11,177 | +€6,987 | +166.7% |
| Profit (loss) for the period before taxes | 9903 | €12,336 | €6,443 | -€5,893 | -47.8% |
| Income taxes | 67/77 | - | €871 | +€871 | |
| Profit (loss) for the period | 9904 | €12,336 | €5,571 | -€6,764 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,336 | €5,571 | -€6,764 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.