CRAFTSMEN: 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.
CRAFTSMEN
Largest movements
- Cash +€102,793
up €102,793 (+125.0%), from €82,264 to €185,057
mainly Net result for the year (+€68,127) and Other debts (+€56,817)
- Receivables within one year -€33,882
down €33,882 (-91.0%), from €37,238 to €3,356
of which Trade receivables: -€34,072
- Current investments +€4,680
up €4,680 (+2.9%), from €160,338 to €165,018
- Other debts +€56,817
up €56,817 (+790.2%), from €7,190 to €64,007
- Reserves +€9,704
up €9,704 (+4.9%), from €199,244 to €208,948
- Tax, wage and social debts +€6,369
up €6,369 (+18.6%), from €34,222 to €40,591
of which Taxes: +€6,142
- Gross operating margin +€42,719
up €42,719 (+40.0%), from €106,869 to €149,588
- Taxes +€14,160
up €14,160 (+88.7%), from €15,960 to €30,120
- Financial income +€5,609
up €5,609 (+174.0%), from €3,224 to €8,832
- Staff costs -€4,222
down €4,222 (-7.2%), from €58,776 to €54,553
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 | €298,402 | €372,738 | +€74,336 | +24.9% |
| Fixed assets | 21/28 | €13,190 | €14,995 | +€1,805 | +13.7% |
| Tangible fixed assets | 22/27 | €13,190 | €14,995 | +€1,805 | +13.7% |
| Land and buildings | 22 | €5,158 | €3,310 | -€1,849 | -35.8% |
| Plant, machinery and equipment | 23 | €2,577 | €1,793 | -€785 | -30.4% |
| Furniture and vehicles | 24 | €5,454 | €9,892 | +€4,438 | +81.4% |
| Current assets | 29/58 | €285,212 | €357,743 | +€72,531 | +25.4% |
| Amounts receivable within one year | 40/41 | €37,238 | €3,356 | -€33,882 | -91.0% |
| Trade receivables | 40 | €34,072 | - | -€34,072 | |
| Other amounts receivable | 41 | €3,166 | €3,356 | +€190 | +6.0% |
| Current investments | 50/53 | €160,338 | €165,018 | +€4,680 | +2.9% |
| Cash at bank and in hand | 54/58 | €82,264 | €185,057 | +€102,793 | +125.0% |
| Deferred charges and accrued income | 490/1 | €5,372 | €4,312 | -€1,060 | -19.7% |
| Total equity and liabilities | 10/49 | €298,402 | €372,738 | +€74,336 | +24.9% |
| Equity | 10/15 | €247,644 | €257,348 | +€9,704 | +3.9% |
| Contributions | 10/11 | €48,400 | €48,400 | = | 0.0% |
| Reserves | 13 | €199,244 | €208,948 | +€9,704 | +4.9% |
| Distributable reserves | 133 | €199,244 | €208,948 | +€9,704 | +4.9% |
| Amounts payable | 17/49 | €50,758 | €115,390 | +€64,633 | +127.3% |
| Amounts payable within one year | 42/48 | €50,701 | €115,390 | +€64,690 | +127.6% |
| Trade debts | 44 | €9,288 | €10,792 | +€1,504 | +16.2% |
| Suppliers | 440/4 | €9,288 | €10,792 | +€1,504 | +16.2% |
| Taxes, remuneration and social security | 45 | €34,222 | €40,591 | +€6,369 | +18.6% |
| Taxes | 450/3 | €27,220 | €33,362 | +€6,142 | +22.6% |
| Remuneration and social security | 454/9 | €7,002 | €7,230 | +€227 | +3.2% |
| Other amounts payable | 47/48 | €7,190 | €64,007 | +€56,817 | +790.2% |
| Accrued charges and deferred income | 492/3 | €57 | - | -€57 | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €58,776 | €54,553 | -€4,222 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,568 | €4,776 | +€1,208 | +33.9% |
| Other operating charges | 640/8 | €872 | €735 | -€138 | -15.8% |
| Gross operating margin | 9900 | €106,869 | €149,588 | +€42,719 | +40.0% |
| Operating profit (loss) | 9901 | €43,653 | €89,524 | +€45,871 | +105.1% |
| Financial income | 75/76B | €3,224 | €8,832 | +€5,609 | +174.0% |
| Recurring financial income | 75 | €3,224 | €8,832 | +€5,609 | +174.0% |
| Financial charges | 65/66B | €123 | €110 | -€13 | -10.8% |
| Recurring financial charges | 65 | €123 | €110 | -€13 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €46,753 | €98,246 | +€51,493 | +110.1% |
| Income taxes | 67/77 | €15,960 | €30,120 | +€14,160 | +88.7% |
| Profit (loss) for the period | 9904 | €30,793 | €68,127 | +€37,333 | +121.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,793 | €68,127 | +€37,333 | +121.2% |
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.