CRANINX & VANSTRAELEN: 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.
CRANINX & VANSTRAELEN
Largest movements
- Receivables within one year -€60,096
down €60,096 (-60.7%), from €99,054 to €38,959
of which Trade receivables: -€54,971
- Cash -€20,479
down €20,479 (-65.1%), from €31,454 to €10,975
mainly Net result for the year (-€100,464) and Investment in fixed assets (net) (-€16,271)
- Stocks and contracts +€9,750
up €9,750 (+16.6%), from €58,828 to €68,578
- Profit (loss) carried forward -€100,464
down €100,464 (-104%), from -€96,606 to -€197,070
- Other debts +€30,270
up €30,270 (+59.5%), from €50,833 to €81,102
- Tax, wage and social debts +€4,023
up €4,023 (+37.2%), from €10,801 to €14,824
of which Remuneration and social security: +€4,428
- Gross operating margin -€88,520
down €88,520 (-37.7%), from €234,793 to €146,273
- Write-downs +€85,854
new in 2024: €85,854
- Staff costs -€51,421
down €51,421 (-27.0%), from €190,314 to €138,893
- Depreciation +€2,819
up €2,819 (+25.9%), from €10,864 to €13,683
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,892 | €291,756 | -€68,136 | -18.9% |
| Fixed assets | 21/28 | €169,176 | €171,765 | +€2,589 | +1.5% |
| Tangible fixed assets | 22/27 | €159,612 | €162,421 | +€2,809 | +1.8% |
| Plant, machinery and equipment | 23 | €2,579 | €2,664 | +€85 | +3.3% |
| Other tangible fixed assets | 26 | €112,041 | €113,425 | +€1,384 | +1.2% |
| Assets under construction and advance payments | 27 | €44,993 | €46,332 | +€1,339 | +3.0% |
| Financial fixed assets | 28 | €9,563 | €9,343 | -€220 | -2.3% |
| Current assets | 29/58 | €190,716 | €119,991 | -€70,725 | -37.1% |
| Stocks and contracts in progress | 3 | €58,828 | €68,578 | +€9,750 | +16.6% |
| Stocks | 30/36 | €58,828 | €68,578 | +€9,750 | +16.6% |
| Amounts receivable within one year | 40/41 | €99,054 | €38,959 | -€60,096 | -60.7% |
| Trade receivables | 40 | €59,831 | €4,861 | -€54,971 | -91.9% |
| Other amounts receivable | 41 | €39,223 | €34,098 | -€5,125 | -13.1% |
| Current investments | 50/53 | €1,260 | €1,356 | +€96 | +7.6% |
| Cash at bank and in hand | 54/58 | €31,454 | €10,975 | -€20,479 | -65.1% |
| Deferred charges and accrued income | 490/1 | €120 | €124 | +€4 | +2.9% |
| Total equity and liabilities | 10/49 | €359,892 | €291,756 | -€68,136 | -18.9% |
| Equity | 10/15 | -€64,479 | -€164,942 | -€100,464 | -156% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,527 | €13,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,273 | €12,273 | = | 0.0% |
| Distributable reserves | 133 | €1,254 | €1,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,606 | -€197,070 | -€100,464 | -104% |
| Amounts payable | 17/49 | €424,371 | €456,698 | +€32,327 | +7.6% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,024 | €106,012 | +€31,987 | +43.2% |
| Trade debts | 44 | €12,390 | €10,086 | -€2,305 | -18.6% |
| Suppliers | 440/4 | €12,390 | €10,086 | -€2,305 | -18.6% |
| Taxes, remuneration and social security | 45 | €10,801 | €14,824 | +€4,023 | +37.2% |
| Taxes | 450/3 | €2,830 | €2,425 | -€406 | -14.3% |
| Remuneration and social security | 454/9 | €7,971 | €12,399 | +€4,428 | +55.6% |
| Other amounts payable | 47/48 | €50,833 | €81,102 | +€30,270 | +59.5% |
| Accrued charges and deferred income | 492/3 | €347 | €687 | +€340 | +98.1% |
| Remuneration, social security and pensions | 62 | €190,314 | €138,893 | -€51,421 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,864 | €13,683 | +€2,819 | +25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €85,854 | +€85,854 | |
| Other operating charges | 640/8 | €7,793 | €7,061 | -€733 | -9.4% |
| Gross operating margin | 9900 | €234,793 | €146,273 | -€88,520 | -37.7% |
| Operating profit (loss) | 9901 | €25,822 | -€99,218 | -€125,040 | |
| Financial income | 75/76B | €41 | €37 | -€4 | -10.9% |
| Recurring financial income | 75 | €41 | €37 | -€4 | -10.9% |
| Financial charges | 65/66B | €1,406 | €1,282 | -€124 | -8.8% |
| Recurring financial charges | 65 | €1,406 | €1,282 | -€124 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €24,457 | -€100,464 | -€124,920 | |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100% |
| Profit (loss) for the period | 9904 | €24,456 | -€100,464 | -€124,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,456 | -€100,464 | -€124,919 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.