CRAMAR: 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.
CRAMAR
Largest movements
- Current investments +€107,562
up €107,562 (+72.6%), from €148,204 to €255,766
- Cash +€64,279
up €64,279 (+24.4%), from €263,828 to €328,106
mainly Net result for the year (+€139,076) and Depreciation (+€32,952)
- Tangible fixed assets -€23,633
down €23,633 (-10.8%), from €219,775 to €196,142
of which Land and buildings: -€23,115
- Reserves +€139,076
up €139,076 (+22.0%), from €631,292 to €770,368
- Gross operating margin +€14,366
up €14,366 (+6.7%), from €213,736 to €228,102
- Financial income +€10,328
up €10,328 (+255.7%), from €4,040 to €14,368
- Depreciation +€8,586
up €8,586 (+35.2%), from €24,366 to €32,952
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 | €684,032 | €830,534 | +€146,502 | +21.4% |
| Fixed assets | 21/28 | €219,775 | €196,142 | -€23,633 | -10.8% |
| Tangible fixed assets | 22/27 | €219,775 | €196,142 | -€23,633 | -10.8% |
| Land and buildings | 22 | €170,676 | €147,561 | -€23,115 | -13.5% |
| Plant, machinery and equipment | 23 | €3,893 | €12,613 | +€8,720 | +224.0% |
| Furniture and vehicles | 24 | €45,206 | €35,968 | -€9,238 | -20.4% |
| Current assets | 29/58 | €464,258 | €634,392 | +€170,134 | +36.6% |
| Amounts receivable within one year | 40/41 | €52,226 | €49,078 | -€3,149 | -6.0% |
| Trade receivables | 40 | €50,474 | €49,078 | -€1,396 | -2.8% |
| Other amounts receivable | 41 | €1,752 | - | -€1,752 | |
| Current investments | 50/53 | €148,204 | €255,766 | +€107,562 | +72.6% |
| Cash at bank and in hand | 54/58 | €263,828 | €328,106 | +€64,279 | +24.4% |
| Deferred charges and accrued income | 490/1 | - | €1,442 | +€1,442 | |
| Total equity and liabilities | 10/49 | €684,032 | €830,534 | +€146,502 | +21.4% |
| Equity | 10/15 | €671,292 | €810,368 | +€139,076 | +20.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €631,292 | €770,368 | +€139,076 | +22.0% |
| Distributable reserves | 133 | €631,292 | €770,368 | +€139,076 | +22.0% |
| Amounts payable | 17/49 | €12,740 | €20,166 | +€7,425 | +58.3% |
| Amounts payable within one year | 42/48 | €12,740 | €20,166 | +€7,425 | +58.3% |
| Trade debts | 44 | €113 | €5,359 | +€5,245 | +4629.2% |
| Suppliers | 440/4 | €113 | €5,359 | +€5,245 | +4629.2% |
| Taxes, remuneration and social security | 45 | €12,214 | €13,383 | +€1,169 | +9.6% |
| Taxes | 450/3 | €12,214 | €13,383 | +€1,169 | +9.6% |
| Other amounts payable | 47/48 | €413 | €1,424 | +€1,011 | +244.6% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,366 | €32,952 | +€8,586 | +35.2% |
| Other operating charges | 640/8 | €2,020 | €3,629 | +€1,609 | +79.6% |
| Non-recurring operating charges | 66A | - | €1,110 | +€1,110 | |
| Gross operating margin | 9900 | €213,736 | €228,102 | +€14,366 | +6.7% |
| Operating profit (loss) | 9901 | €187,350 | €190,410 | +€3,061 | +1.6% |
| Financial income | 75/76B | €4,040 | €14,368 | +€10,328 | +255.7% |
| Recurring financial income | 75 | €4,040 | €14,368 | +€10,328 | +255.7% |
| Financial charges | 65/66B | €1,510 | €2,790 | +€1,280 | +84.7% |
| Recurring financial charges | 65 | €1,510 | €2,790 | +€1,280 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €189,879 | €201,988 | +€12,109 | +6.4% |
| Income taxes | 67/77 | €61,426 | €62,912 | +€1,486 | +2.4% |
| Profit (loss) for the period | 9904 | €128,453 | €139,076 | +€10,623 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,453 | €139,076 | +€10,623 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.