CRAGS: 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.
CRAGS
Largest movements
- Cash +€162,272
up €162,272 (+545%), from €29,794 to €192,066
mainly Other debts (+€324,481) and Net result for the year (+€286,536)
- Receivables within one year -€21,514
down €21,514 (-15.8%), from €136,457 to €114,943
of which Other amounts receivable: -€39,677
- Deferred charges and accrued income +€21,481
up €21,481 (+13.4%), from €160,646 to €182,128
- Other debts +€324,481
new in 2025: €324,481
- Profit (loss) carried forward -€268,618
down €268,618 (-100%), from €268,618 to €0
- Tax, wage and social debts +€123,330
up €123,330 (+259%), from €47,600 to €170,930
- Debts after one year -€58,213
down €58,213 (-14.8%), from €393,170 to €334,957
- Trade debts +€18,637
up €18,637 (+1,365%), from €1,365 to €20,003
- Gross operating margin +€332,261
up €332,261 (+272%), from €121,946 to €454,207
- Taxes +€88,066
up €88,066 (+704%), from €12,510 to €100,576
- Other operating charges -€40,807
down €40,807 (-91.2%), from €44,731 to €3,924
- Depreciation +€24,762
up €24,762 (+102%), from €24,337 to €49,099
- Financial charges +€13,794
up €13,794 (+524%), from €2,633 to €16,427
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,720 | €951,653 | +€156,933 | +19.7% |
| Fixed assets | 21/28 | €467,823 | €462,517 | -€5,306 | -1.1% |
| Tangible fixed assets | 22/27 | €467,763 | €462,457 | -€5,306 | -1.1% |
| Land and buildings | 22 | €339,698 | €370,689 | +€30,991 | +9.1% |
| Plant, machinery and equipment | 23 | €62,477 | €49,908 | -€12,568 | -20.1% |
| Furniture and vehicles | 24 | €63,098 | €36,631 | -€26,467 | -41.9% |
| Other tangible fixed assets | 26 | €2,490 | €5,229 | +€2,738 | +110% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €326,897 | €489,136 | +€162,239 | +49.6% |
| Amounts receivable within one year | 40/41 | €136,457 | €114,943 | -€21,514 | -15.8% |
| Trade receivables | 40 | €2,000 | €20,163 | +€18,163 | +908% |
| Other amounts receivable | 41 | €134,457 | €94,780 | -€39,677 | -29.5% |
| Cash at bank and in hand | 54/58 | €29,794 | €192,066 | +€162,272 | +545% |
| Deferred charges and accrued income | 490/1 | €160,646 | €182,128 | +€21,481 | +13.4% |
| Total equity and liabilities | 10/49 | €794,720 | €951,653 | +€156,933 | +19.7% |
| Equity | 10/15 | €295,428 | €39,210 | -€256,218 | -86.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,618 | €0 | -€268,618 | -100% |
| Amounts payable | 17/49 | €499,292 | €912,443 | +€413,151 | +82.7% |
| Amounts payable after more than one year | 17 | €393,170 | €334,957 | -€58,213 | -14.8% |
| Financial debts | 170/4 | €393,170 | €334,957 | -€58,213 | -14.8% |
| Amounts payable within one year | 42/48 | €105,758 | €575,325 | +€469,567 | +444% |
| Current portion of amounts payable after more than one year | 42 | €56,793 | €59,912 | +€3,119 | +5.5% |
| Trade debts | 44 | €1,365 | €20,003 | +€18,637 | +1,365% |
| Suppliers | 440/4 | €1,365 | €20,003 | +€18,637 | +1,365% |
| Taxes, remuneration and social security | 45 | €47,600 | €170,930 | +€123,330 | +259% |
| Taxes | 450/3 | €47,600 | €170,930 | +€123,330 | +259% |
| Other amounts payable | 47/48 | - | €324,481 | +€324,481 | |
| Accrued charges and deferred income | 492/3 | €364 | €2,161 | +€1,797 | +494% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,337 | €49,099 | +€24,762 | +102% |
| Other operating charges | 640/8 | €44,731 | €3,924 | -€40,807 | -91.2% |
| Non-recurring operating charges | 66A | - | €3,856 | +€3,856 | |
| Gross operating margin | 9900 | €121,946 | €454,207 | +€332,261 | +272% |
| Operating profit (loss) | 9901 | €52,879 | €397,328 | +€344,449 | +651% |
| Financial income | 75/76B | €4,193 | €6,211 | +€2,019 | +48.2% |
| Recurring financial income | 75 | €4,193 | €6,211 | +€2,019 | +48.2% |
| Financial charges | 65/66B | €2,633 | €16,427 | +€13,794 | +524% |
| Recurring financial charges | 65 | €2,633 | €16,427 | +€13,794 | +524% |
| Profit (loss) for the period before taxes | 9903 | €54,438 | €387,112 | +€332,674 | +611% |
| Income taxes | 67/77 | €12,510 | €100,576 | +€88,066 | +704% |
| Profit (loss) for the period | 9904 | €41,928 | €286,536 | +€244,608 | +583% |
| Profit (loss) for the period to be appropriated | 9905 | €41,928 | €286,536 | +€244,608 | +583% |
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 15 October 2026 via checked.be.