Crankshaft.be: 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.
Crankshaft.be
Largest movements
- Cash +€104,824
up €104,824 (+136%), from €77,004 to €181,829
mainly Net result for the year (+€186,477) and Other debts (+€104,151)
- Tangible fixed assets -€39,908
down €39,908 (-8.2%), from €485,448 to €445,540
of which Plant, machinery and equipment: -€25,505
- Receivables within one year +€36,116
up €36,116 (+95.3%), from €37,886 to €74,003
of which Trade receivables: +€38,184
- Stocks and contracts -€15,357
down €15,357 (-34.1%), from €44,997 to €29,640
- Other debts +€104,151
up €104,151 (+263%), from €39,572 to €143,724
- Debts after one year -€25,560
down €25,560 (-8.6%), from €297,347 to €271,787
- Short-term financial debts -€21,338
no longer reported in 2025 (was €21,338)
- Trade debts +€19,136
up €19,136 (+1,024%), from €1,869 to €21,005
- Tax, wage and social debts +€7,436
up €7,436 (+77.3%), from €9,625 to €17,061
of which Taxes: +€9,883
- Gross operating margin +€31,174
up €31,174 (+9.2%), from €340,432 to €371,606
- Financial charges +€14,144
up €14,144 (+206%), from €6,852 to €20,996
- Staff costs -€8,506
down €8,506 (-17.8%), from €47,908 to €39,401
- Taxes +€6,319
up €6,319 (+11.0%), from €57,665 to €63,984
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.
Derived cash bridge
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 | €645,511 | €731,186 | +€85,675 | +13.3% |
| Fixed assets | 21/28 | €485,623 | €445,715 | -€39,908 | -8.2% |
| Tangible fixed assets | 22/27 | €485,448 | €445,540 | -€39,908 | -8.2% |
| Land and buildings | 22 | €317,945 | €304,195 | -€13,750 | -4.3% |
| Plant, machinery and equipment | 23 | €164,024 | €138,519 | -€25,505 | -15.5% |
| Furniture and vehicles | 24 | €3,479 | €2,826 | -€653 | -18.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €159,888 | €285,471 | +€125,583 | +78.5% |
| Stocks and contracts in progress | 3 | €44,997 | €29,640 | -€15,357 | -34.1% |
| Stocks | 30/36 | €44,997 | €29,640 | -€15,357 | -34.1% |
| Amounts receivable within one year | 40/41 | €37,886 | €74,003 | +€36,116 | +95.3% |
| Trade receivables | 40 | €33,270 | €71,454 | +€38,184 | +115% |
| Other amounts receivable | 41 | €4,616 | €2,549 | -€2,067 | -44.8% |
| Cash at bank and in hand | 54/58 | €77,004 | €181,829 | +€104,824 | +136% |
| Total equity and liabilities | 10/49 | €645,511 | €731,186 | +€85,675 | +13.3% |
| Equity | 10/15 | €248,161 | €247,138 | -€1,023 | -0.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,661 | €176,638 | -€1,023 | -0.6% |
| Amounts payable | 17/49 | €397,350 | €484,048 | +€86,698 | +21.8% |
| Amounts payable after more than one year | 17 | €297,347 | €271,787 | -€25,560 | -8.6% |
| Financial debts | 170/4 | €297,347 | €271,787 | -€25,560 | -8.6% |
| Amounts payable within one year | 42/48 | €97,602 | €207,349 | +€109,747 | +112% |
| Current portion of amounts payable after more than one year | 42 | €25,197 | €25,560 | +€363 | +1.4% |
| Financial debts | 43 | €21,338 | - | -€21,338 | |
| Other loans | 439 | €21,338 | - | -€21,338 | |
| Trade debts | 44 | €1,869 | €21,005 | +€19,136 | +1,024% |
| Suppliers | 440/4 | €1,869 | €21,005 | +€19,136 | +1,024% |
| Taxes, remuneration and social security | 45 | €9,625 | €17,061 | +€7,436 | +77.3% |
| Taxes | 450/3 | - | €9,883 | +€9,883 | |
| Remuneration and social security | 454/9 | €9,625 | €7,179 | -€2,447 | -25.4% |
| Other amounts payable | 47/48 | €39,572 | €143,724 | +€104,151 | +263% |
| Accrued charges and deferred income | 492/3 | €2,400 | €4,911 | +€2,511 | +105% |
| Remuneration, social security and pensions | 62 | €47,908 | €39,401 | -€8,506 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,337 | €52,980 | +€2,644 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €465 | - | -€465 | |
| Other operating charges | 640/8 | €8,745 | €8,220 | -€525 | -6.0% |
| Gross operating margin | 9900 | €340,432 | €371,606 | +€31,174 | +9.2% |
| Operating profit (loss) | 9901 | €232,978 | €271,005 | +€38,027 | +16.3% |
| Financial income | 75/76B | €163 | €451 | +€289 | +178% |
| Recurring financial income | 75 | €163 | €451 | +€289 | +178% |
| Financial charges | 65/66B | €6,852 | €20,996 | +€14,144 | +206% |
| Recurring financial charges | 65 | €6,852 | €20,996 | +€14,144 | +206% |
| Profit (loss) for the period before taxes | 9903 | €226,289 | €250,460 | +€24,171 | +10.7% |
| Income taxes | 67/77 | €57,665 | €63,984 | +€6,319 | +11.0% |
| Profit (loss) for the period | 9904 | €168,624 | €186,477 | +€17,853 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €168,624 | €186,477 | +€17,853 | +10.6% |
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 30 October 2026 via checked.be.