Craftails: 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.
Craftails
Largest movements
- Tangible fixed assets -€170,007
down €170,007 (-14.5%), from €1.2m to €1.0m
- Stocks and contracts -€54,651
down €54,651 (-16.6%), from €328,397 to €273,745
- Receivables within one year -€39,464
down €39,464 (-11.6%), from €339,896 to €300,432
of which Trade receivables: -€27,476
- Deferred charges and accrued income +€37,244
up €37,244 (+165.5%), from €22,503 to €59,747
- Cash +€28,699
up €28,699 (+35.4%), from €81,096 to €109,795
mainly Depreciation (+€252,487) and Tax, wage and social debts (+€172,016)
- Profit (loss) carried forward -€269,440
down €269,440 (-1938.7%), from -€13,898 to -€283,338
- Tax, wage and social debts +€172,016
up €172,016 (+166.6%), from €103,233 to €275,249
of which Taxes: +€148,816
- Trade debts -€135,285
down €135,285 (-29.2%), from €463,559 to €328,274
- Current portion of long-term debt +€59,136
up €59,136 (+20.0%), from €295,503 to €354,639
- Debts after one year -€36,477
down €36,477 (-4.3%), from €838,965 to €802,488
- Gross operating margin +€181,533
up €181,533 (+21.9%), from €827,675 to €1.0m
- Staff costs +€180,609
up €180,609 (+25.5%), from €707,767 to €888,377
- Depreciation +€100,996
up €100,996 (+66.7%), from €151,490 to €252,487
- Other operating charges +€32,685
up €32,685 (+275.1%), from €11,881 to €44,566
- Financial charges +€22,672
up €22,672 (+32.5%), from €69,756 to €92,428
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 | €1,963,490 | €1,761,734 | -€201,755 | -10.3% |
| Fixed assets | 21/28 | €1,191,599 | €1,018,016 | -€173,583 | -14.6% |
| Intangible fixed assets | 21 | €11,274 | €6,698 | -€4,576 | -40.6% |
| Tangible fixed assets | 22/27 | €1,172,880 | €1,002,873 | -€170,007 | -14.5% |
| Plant, machinery and equipment | 23 | €236,688 | €167,888 | -€68,801 | -29.1% |
| Furniture and vehicles | 24 | €89,146 | €45,724 | -€43,421 | -48.7% |
| Leasing and similar rights | 25 | €379,618 | €378,603 | -€1,015 | -0.3% |
| Other tangible fixed assets | 26 | €467,428 | €410,658 | -€56,770 | -12.1% |
| Financial fixed assets | 28 | €7,445 | €8,445 | +€1,000 | +13.4% |
| Current assets | 29/58 | €771,890 | €743,718 | -€28,172 | -3.6% |
| Stocks and contracts in progress | 3 | €328,397 | €273,745 | -€54,651 | -16.6% |
| Stocks | 30/36 | €328,397 | €273,745 | -€54,651 | -16.6% |
| Amounts receivable within one year | 40/41 | €339,896 | €300,432 | -€39,464 | -11.6% |
| Trade receivables | 40 | €250,685 | €223,208 | -€27,476 | -11.0% |
| Other amounts receivable | 41 | €89,211 | €77,223 | -€11,988 | -13.4% |
| Cash at bank and in hand | 54/58 | €81,096 | €109,795 | +€28,699 | +35.4% |
| Deferred charges and accrued income | 490/1 | €22,503 | €59,747 | +€37,244 | +165.5% |
| Total equity and liabilities | 10/49 | €1,963,490 | €1,761,734 | -€201,755 | -10.3% |
| Equity | 10/15 | €2,102 | -€267,338 | -€269,440 | |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€13,898 | -€283,338 | -€269,440 | -1938.7% |
| Amounts payable | 17/49 | €1,961,388 | €2,029,073 | +€67,685 | +3.5% |
| Amounts payable after more than one year | 17 | €838,965 | €802,488 | -€36,477 | -4.3% |
| Financial debts | 170/4 | €838,965 | €802,488 | -€36,477 | -4.3% |
| Amounts payable within one year | 42/48 | €1,122,422 | €1,225,035 | +€102,613 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €295,503 | €354,639 | +€59,136 | +20.0% |
| Financial debts | 43 | €259,623 | €266,455 | +€6,832 | +2.6% |
| Credit institutions | 430/8 | €259,623 | €250,673 | -€8,950 | -3.4% |
| Other loans | 439 | - | €15,782 | +€15,782 | |
| Trade debts | 44 | €463,559 | €328,274 | -€135,285 | -29.2% |
| Suppliers | 440/4 | €463,559 | €328,274 | -€135,285 | -29.2% |
| Taxes, remuneration and social security | 45 | €103,233 | €275,249 | +€172,016 | +166.6% |
| Taxes | 450/3 | €24,741 | €173,557 | +€148,816 | +601.5% |
| Remuneration and social security | 454/9 | €78,492 | €101,692 | +€23,200 | +29.6% |
| Other amounts payable | 47/48 | €504 | €418 | -€87 | -17.2% |
| Accrued charges and deferred income | 492/3 | - | €1,549 | +€1,549 | |
| Non-recurring operating income | 76A | €872 | €0 | -€872 | -100.0% |
| Remuneration, social security and pensions | 62 | €707,767 | €888,377 | +€180,609 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,490 | €252,487 | +€100,996 | +66.7% |
| Other operating charges | 640/8 | €11,881 | €44,566 | +€32,685 | +275.1% |
| Gross operating margin | 9900 | €827,675 | €1,009,209 | +€181,533 | +21.9% |
| Operating profit (loss) | 9901 | -€43,463 | -€176,221 | -€132,758 | -305.5% |
| Financial income | 75/76B | €1,371 | €816 | -€555 | -40.5% |
| Recurring financial income | 75 | €1,371 | €816 | -€555 | -40.5% |
| Financial charges | 65/66B | €69,756 | €92,428 | +€22,672 | +32.5% |
| Recurring financial charges | 65 | €69,756 | €92,428 | +€22,672 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€111,847 | -€267,832 | -€155,985 | -139.5% |
| Income taxes | 67/77 | €880 | €1,608 | +€728 | +82.7% |
| Profit (loss) for the period | 9904 | -€112,728 | -€269,440 | -€156,712 | -139.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,728 | -€269,440 | -€156,712 | -139.0% |
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 2 October 2026 via checked.be.