CRAFT IN DEVELOPMENT: 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.
CRAFT IN DEVELOPMENT
Largest movements
- Cash -€22,909
down €22,909 (-53.7%), from €42,652 to €19,743
- Receivables within one year -€10,547
down €10,547 (-33.2%), from €31,774 to €21,227
of which Trade receivables: -€14,050
- Tangible fixed assets -€4,157
down €4,157 (-8.8%), from €47,293 to €43,136
of which Land and buildings: -€11,378
- Deferred charges and accrued income +€3,559
up €3,559 (+102.0%), from €3,490 to €7,048
- Profit (loss) carried forward -€39,100
down €39,100 (-87.6%), from €44,622 to €5,522
- Reserves +€21,103
up €21,103 (+164.2%), from €12,856 to €33,959
of which Distributable reserves: +€21,103
- Tax, wage and social debts -€12,240
down €12,240 (-77.1%), from €15,873 to €3,634
of which Taxes: -€11,440
- Debts after one year -€12,034
down €12,034 (-33.8%), from €35,594 to €23,560
- Other debts +€10,861
up €10,861 (+13301.7%), from €82 to €10,942
- Gross operating margin -€13,848
down €13,848 (-32.9%), from €42,052 to €28,205
- Taxes -€8,860
down €8,860 (-63.9%), from €13,869 to €5,010
- Depreciation +€5,689
up €5,689 (+67.1%), from €8,473 to €14,162
- Staff costs -€3,284
down €3,284 (-63.1%), from €5,201 to €1,917
- Financial charges +€850
up €850 (+59.4%), from €1,430 to €2,280
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,299 | €91,155 | -€34,144 | -27.3% |
| Fixed assets | 21/28 | €47,383 | €43,136 | -€4,247 | -9.0% |
| Tangible fixed assets | 22/27 | €47,293 | €43,136 | -€4,157 | -8.8% |
| Land and buildings | 22 | €34,435 | €23,057 | -€11,378 | -33.0% |
| Plant, machinery and equipment | 23 | - | €3,441 | +€3,441 | |
| Furniture and vehicles | 24 | €12,858 | €16,639 | +€3,781 | +29.4% |
| Financial fixed assets | 28 | €90 | - | -€90 | |
| Current assets | 29/58 | €77,916 | €48,019 | -€29,898 | -38.4% |
| Amounts receivable within one year | 40/41 | €31,774 | €21,227 | -€10,547 | -33.2% |
| Trade receivables | 40 | €30,521 | €16,471 | -€14,050 | -46.0% |
| Other amounts receivable | 41 | €1,253 | €4,756 | +€3,503 | +279.5% |
| Cash at bank and in hand | 54/58 | €42,652 | €19,743 | -€22,909 | -53.7% |
| Deferred charges and accrued income | 490/1 | €3,490 | €7,048 | +€3,559 | +102.0% |
| Total equity and liabilities | 10/49 | €125,299 | €91,155 | -€34,144 | -27.3% |
| Equity | 10/15 | €60,978 | €42,981 | -€17,997 | -29.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €12,856 | €33,959 | +€21,103 | +164.2% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350 | - | -€350 | |
| Other | 1319 | - | €350 | +€350 | |
| Distributable reserves | 133 | €12,506 | €33,609 | +€21,103 | +168.7% |
| Profit (loss) carried forward | 14 | €44,622 | €5,522 | -€39,100 | -87.6% |
| Amounts payable | 17/49 | €64,321 | €48,174 | -€16,147 | -25.1% |
| Amounts payable after more than one year | 17 | €35,594 | €23,560 | -€12,034 | -33.8% |
| Financial debts | 170/4 | €35,594 | €23,560 | -€12,034 | -33.8% |
| Amounts payable within one year | 42/48 | €26,727 | €24,614 | -€2,113 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,883 | €6,062 | +€179 | +3.0% |
| Trade debts | 44 | €4,888 | €3,975 | -€913 | -18.7% |
| Suppliers | 440/4 | €4,888 | €3,975 | -€913 | -18.7% |
| Taxes, remuneration and social security | 45 | €15,873 | €3,634 | -€12,240 | -77.1% |
| Taxes | 450/3 | €15,073 | €3,634 | -€11,440 | -75.9% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €82 | €10,942 | +€10,861 | +13301.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €5,201 | €1,917 | -€3,284 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,473 | €14,162 | +€5,689 | +67.1% |
| Other operating charges | 640/8 | €573 | €444 | -€129 | -22.5% |
| Gross operating margin | 9900 | €42,052 | €28,205 | -€13,848 | -32.9% |
| Operating profit (loss) | 9901 | €27,806 | €11,682 | -€16,124 | -58.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,430 | €2,280 | +€850 | +59.4% |
| Recurring financial charges | 65 | €1,430 | €2,280 | +€850 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €26,375 | €9,402 | -€16,973 | -64.4% |
| Income taxes | 67/77 | €13,869 | €5,010 | -€8,860 | -63.9% |
| Profit (loss) for the period | 9904 | €12,506 | €4,393 | -€8,113 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,506 | €4,393 | -€8,113 | -64.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.