CRAHAY: 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.
CRAHAY
Largest movements
- Current investments +€95,105
up €95,105 (+12.3%), from €773,327 to €868,432
- Cash -€44,494
down €44,494 (-7.5%), from €592,882 to €548,388
mainly Contributions, distributions and other (-€160,000) and Current investments (-€95,105)
- Receivables within one year +€34,718
up €34,718 (+30.6%), from €113,325 to €148,042
of which Trade receivables: +€60,968
- Deferred charges and accrued income +€26,758
up €26,758 (+22.5%), from €118,860 to €145,618
- Reserves +€255,000
up €255,000 (+38.5%), from €662,436 to €917,436
of which Distributable reserves: +€255,000
- Profit (loss) carried forward -€154,594
down €154,594 (-12.5%), from €1.2m to €1.1m
- Gross operating margin +€125,955
up €125,955 (+55.2%), from €228,182 to €354,137
- Taxes +€44,280
up €44,280 (+117.1%), from €37,799 to €82,079
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 | €1,940,778 | €2,042,560 | +€101,781 | +5.2% |
| Fixed assets | 21/28 | €342,385 | €332,079 | -€10,306 | -3.0% |
| Tangible fixed assets | 22/27 | €342,385 | €332,079 | -€10,306 | -3.0% |
| Land and buildings | 22 | €333,023 | €323,856 | -€9,167 | -2.8% |
| Furniture and vehicles | 24 | €9,362 | €8,223 | -€1,139 | -12.2% |
| Current assets | 29/58 | €1,598,394 | €1,710,481 | +€112,087 | +7.0% |
| Amounts receivable within one year | 40/41 | €113,325 | €148,042 | +€34,718 | +30.6% |
| Trade receivables | 40 | €72,894 | €133,862 | +€60,968 | +83.6% |
| Other amounts receivable | 41 | €40,431 | €14,180 | -€26,250 | -64.9% |
| Current investments | 50/53 | €773,327 | €868,432 | +€95,105 | +12.3% |
| Cash at bank and in hand | 54/58 | €592,882 | €548,388 | -€44,494 | -7.5% |
| Deferred charges and accrued income | 490/1 | €118,860 | €145,618 | +€26,758 | +22.5% |
| Total equity and liabilities | 10/49 | €1,940,778 | €2,042,560 | +€101,781 | +5.2% |
| Equity | 10/15 | €1,908,845 | €2,009,251 | +€100,406 | +5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €662,436 | €917,436 | +€255,000 | +38.5% |
| Non-distributable reserves | 130/1 | €19,419 | €19,419 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,419 | €19,419 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,017 | €18,017 | = | 0.0% |
| Distributable reserves | 133 | €625,000 | €880,000 | +€255,000 | +40.8% |
| Profit (loss) carried forward | 14 | €1,234,009 | €1,079,414 | -€154,594 | -12.5% |
| Amounts payable | 17/49 | €31,933 | €33,309 | +€1,376 | +4.3% |
| Amounts payable within one year | 42/48 | €31,933 | €33,309 | +€1,376 | +4.3% |
| Trade debts | 44 | €8,213 | €230 | -€7,983 | -97.2% |
| Suppliers | 440/4 | €8,213 | €230 | -€7,983 | -97.2% |
| Taxes, remuneration and social security | 45 | €20,094 | €31,768 | +€11,674 | +58.1% |
| Taxes | 450/3 | €20,094 | €31,768 | +€11,674 | +58.1% |
| Other amounts payable | 47/48 | €3,626 | €1,311 | -€2,315 | -63.8% |
| Non-recurring operating income | 76A | €49,655 | €98,308 | +€48,652 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,540 | €10,306 | -€234 | -2.2% |
| Other operating charges | 640/8 | €2,882 | €2,967 | +€85 | +2.9% |
| Gross operating margin | 9900 | €228,182 | €354,137 | +€125,955 | +55.2% |
| Operating profit (loss) | 9901 | €214,760 | €340,864 | +€126,105 | +58.7% |
| Financial income | 75/76B | €2,665 | €2,354 | -€312 | -11.7% |
| Recurring financial income | 75 | €2,665 | €2,354 | -€312 | -11.7% |
| Financial charges | 65/66B | €489 | €734 | +€245 | +50.1% |
| Recurring financial charges | 65 | €489 | €734 | +€245 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €216,936 | €342,484 | +€125,548 | +57.9% |
| Income taxes | 67/77 | €37,799 | €82,079 | +€44,280 | +117.1% |
| Profit (loss) for the period | 9904 | €179,137 | €260,406 | +€81,268 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €179,137 | €260,406 | +€81,268 | +45.4% |
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 4 October 2026 via checked.be.