CRAFTS: 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.
CRAFTS
Largest movements
- Receivables within one year +€78,446
up €78,446 (+41.4%), from €189,607 to €268,053
of which Trade receivables: +€62,580
- Cash +€31,584
up €31,584 (+71.3%), from €44,306 to €75,890
mainly Trade debts (+€138,710) and Depreciation (+€64,494)
- Tangible fixed assets -€31,227
down €31,227 (-13.8%), from €225,795 to €194,568
of which Furniture and vehicles: -€30,194
- Trade debts +€138,710
up €138,710 (+503.0%), from €27,577 to €166,287
- Accrued charges and deferred income -€57,855
no longer reported in 2025 (was €57,855)
- Debts after one year -€37,439
down €37,439 (-24.9%), from €150,487 to €113,048
- Reserves +€20,387
up €20,387 (+16.2%), from €125,716 to €146,103
of which Distributable reserves: +€20,387
- Current portion of long-term debt +€13,874
up €13,874 (+32.4%), from €42,781 to €56,655
- Staff costs +€43,429
up €43,429 (+2495.7%), from €1,740 to €45,169
- Gross operating margin +€20,090
up €20,090 (+15.2%), from €132,085 to €152,175
- Depreciation +€16,297
up €16,297 (+33.8%), from €48,197 to €64,494
- Taxes -€9,893
down €9,893 (-51.4%), from €19,248 to €9,355
- Financial income +€3,954
up €3,954 (+406.5%), from €973 to €4,927
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 | €459,708 | €540,778 | +€81,070 | +17.6% |
| Fixed assets | 21/28 | €225,795 | €194,568 | -€31,227 | -13.8% |
| Tangible fixed assets | 22/27 | €225,795 | €194,568 | -€31,227 | -13.8% |
| Plant, machinery and equipment | 23 | €16,412 | €15,379 | -€1,032 | -6.3% |
| Furniture and vehicles | 24 | €209,383 | €179,189 | -€30,194 | -14.4% |
| Current assets | 29/58 | €233,913 | €346,210 | +€112,297 | +48.0% |
| Amounts receivable within one year | 40/41 | €189,607 | €268,053 | +€78,446 | +41.4% |
| Trade receivables | 40 | €168,769 | €231,349 | +€62,580 | +37.1% |
| Other amounts receivable | 41 | €20,838 | €36,703 | +€15,865 | +76.1% |
| Cash at bank and in hand | 54/58 | €44,306 | €75,890 | +€31,584 | +71.3% |
| Deferred charges and accrued income | 490/1 | - | €2,267 | +€2,267 | |
| Total equity and liabilities | 10/49 | €459,708 | €540,778 | +€81,070 | +17.6% |
| Equity | 10/15 | €144,316 | €164,703 | +€20,387 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,716 | €146,103 | +€20,387 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,856 | €144,243 | +€20,387 | +16.5% |
| Amounts payable | 17/49 | €315,392 | €376,075 | +€60,683 | +19.2% |
| Amounts payable after more than one year | 17 | €150,487 | €113,048 | -€37,439 | -24.9% |
| Financial debts | 170/4 | €150,487 | €113,048 | -€37,439 | -24.9% |
| Amounts payable within one year | 42/48 | €107,051 | €263,027 | +€155,976 | +145.7% |
| Current portion of amounts payable after more than one year | 42 | €42,781 | €56,655 | +€13,874 | +32.4% |
| Trade debts | 44 | €27,577 | €166,287 | +€138,710 | +503.0% |
| Suppliers | 440/4 | €27,577 | €166,287 | +€138,710 | +503.0% |
| Taxes, remuneration and social security | 45 | €9,832 | €1,166 | -€8,665 | -88.1% |
| Taxes | 450/3 | €9,832 | €500 | -€9,332 | -94.9% |
| Remuneration and social security | 454/9 | - | €667 | +€667 | |
| Other amounts payable | 47/48 | €26,861 | €38,918 | +€12,057 | +44.9% |
| Accrued charges and deferred income | 492/3 | €57,855 | - | -€57,855 | |
| Remuneration, social security and pensions | 62 | €1,740 | €45,169 | +€43,429 | +2495.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,197 | €64,494 | +€16,297 | +33.8% |
| Other operating charges | 640/8 | €3,726 | €5,822 | +€2,096 | +56.2% |
| Gross operating margin | 9900 | €132,085 | €152,175 | +€20,090 | +15.2% |
| Operating profit (loss) | 9901 | €78,421 | €36,689 | -€41,732 | -53.2% |
| Financial income | 75/76B | €973 | €4,927 | +€3,954 | +406.5% |
| Recurring financial income | 75 | €973 | €4,927 | +€3,954 | +406.5% |
| Financial charges | 65/66B | €9,660 | €10,209 | +€548 | +5.7% |
| Recurring financial charges | 65 | €9,660 | €10,209 | +€548 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €69,733 | €31,408 | -€38,326 | -55.0% |
| Income taxes | 67/77 | €19,248 | €9,355 | -€9,893 | -51.4% |
| Profit (loss) for the period | 9904 | €50,486 | €22,053 | -€28,433 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,486 | €22,053 | -€28,433 | -56.3% |
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 5 October 2026 via checked.be.