CRAFT IT: 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 IT
Largest movements
- Current investments -€1.7m
down €1.7m (-100.0%), from €1.7m to €0
- Receivables within one year +€1.0m
up €1.0m (+156.4%), from €647,271 to €1.7m
of which Trade receivables: +€1.0m
- Cash -€635,818
down €635,818 (-41.0%), from €1.5m to €913,151
mainly Contributions, distributions and other (-€1.2m) and Receivables within one year (-€1.0m)
- Intangible fixed assets +€335,945
up €335,945 (+51.4%), from €653,341 to €989,286
- Tangible fixed assets +€162,022
up €162,022 (+61.0%), from €265,828 to €427,850
of which Other tangible fixed assets: +€180,093
- Tax, wage and social debts -€722,435
down €722,435 (-82.2%), from €879,233 to €156,798
of which Taxes: -€752,099
- Profit (loss) carried forward -€531,398
down €531,398 (-31.3%), from €1.7m to €1.2m
- Trade debts +€470,244
up €470,244 (+90.5%), from €519,430 to €989,674
- Accrued charges and deferred income -€92,581
down €92,581 (-38.6%), from €240,000 to €147,419
- Investment grants +€83,354
new in 2025: €83,354
- Staff costs +€427,637
up €427,637 (+44.0%), from €972,489 to €1.4m
- Taxes -€165,342
down €165,342 (-40.9%), from €403,917 to €238,575
- Gross operating margin -€136,986
down €136,986 (-5.1%), from €2.7m to €2.6m
- Depreciation +€133,921
up €133,921 (+141.4%), from €94,683 to €228,604
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 | €4,982,143 | €4,163,433 | -€818,710 | -16.4% |
| Fixed assets | 21/28 | €919,369 | €1,417,337 | +€497,967 | +54.2% |
| Intangible fixed assets | 21 | €653,341 | €989,286 | +€335,945 | +51.4% |
| Tangible fixed assets | 22/27 | €265,828 | €427,850 | +€162,022 | +61.0% |
| Furniture and vehicles | 24 | €231,510 | €213,439 | -€18,071 | -7.8% |
| Other tangible fixed assets | 26 | €34,318 | €214,412 | +€180,093 | +524.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,062,774 | €2,746,097 | -€1.3m | -32.4% |
| Amounts receivable after more than one year | 29 | €141,383 | €141,383 | = | 0.0% |
| Other amounts receivable | 291 | €141,383 | €141,383 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €647,271 | €1,659,630 | +€1.0m | +156.4% |
| Trade receivables | 40 | €591,718 | €1,594,584 | +€1.0m | +169.5% |
| Other amounts receivable | 41 | €55,553 | €65,046 | +€9,493 | +17.1% |
| Current investments | 50/53 | €1,700,000 | €0 | -€1.7m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,548,968 | €913,151 | -€635,818 | -41.0% |
| Deferred charges and accrued income | 490/1 | €25,152 | €31,933 | +€6,782 | +27.0% |
| Total equity and liabilities | 10/49 | €4,982,143 | €4,163,433 | -€818,710 | -16.4% |
| Equity | 10/15 | €3,149,817 | €2,701,773 | -€448,045 | -14.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,421,000 | €1,421,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,698,817 | €1,167,419 | -€531,398 | -31.3% |
| Investment grants | 15 | - | €83,354 | +€83,354 | |
| Amounts payable | 17/49 | €1,832,326 | €1,461,660 | -€370,665 | -20.2% |
| Amounts payable after more than one year | 17 | €167,770 | €140,957 | -€26,813 | -16.0% |
| Financial debts | 170/4 | €167,770 | €140,957 | -€26,813 | -16.0% |
| Amounts payable within one year | 42/48 | €1,424,556 | €1,173,285 | -€251,271 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €25,892 | €26,813 | +€920 | +3.6% |
| Trade debts | 44 | €519,430 | €989,674 | +€470,244 | +90.5% |
| Suppliers | 440/4 | €519,430 | €989,674 | +€470,244 | +90.5% |
| Taxes, remuneration and social security | 45 | €879,233 | €156,798 | -€722,435 | -82.2% |
| Taxes | 450/3 | €780,960 | €28,862 | -€752,099 | -96.3% |
| Remuneration and social security | 454/9 | €98,273 | €127,937 | +€29,664 | +30.2% |
| Accrued charges and deferred income | 492/3 | €240,000 | €147,419 | -€92,581 | -38.6% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €972,489 | €1,400,125 | +€427,637 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,683 | €228,604 | +€133,921 | +141.4% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Non-recurring operating charges | 66A | - | €140 | +€140 | |
| Gross operating margin | 9900 | €2,692,794 | €2,555,808 | -€136,986 | -5.1% |
| Operating profit (loss) | 9901 | €1,625,623 | €925,940 | -€699,683 | -43.0% |
| Financial income | 75/76B | €33,277 | €44,814 | +€11,538 | +34.7% |
| Recurring financial income | 75 | €33,277 | €44,814 | +€11,538 | +34.7% |
| Financial charges | 65/66B | €6,297 | €13,577 | +€7,280 | +115.6% |
| Recurring financial charges | 65 | €6,297 | €13,576 | +€7,279 | +115.6% |
| Non-recurring financial charges | 66B | €0 | €1 | +€1 | +8100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,652,603 | €957,177 | -€695,425 | -42.1% |
| Income taxes | 67/77 | €403,917 | €238,575 | -€165,342 | -40.9% |
| Profit (loss) for the period | 9904 | €1,248,685 | €718,602 | -€530,083 | -42.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €0 | -€421,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €827,685 | €718,602 | -€109,083 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.