CRAQUE MAJEUR: 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.
CRAQUE MAJEUR
Largest movements
- Cash -€7,394
down €7,394 (-40.8%), from €18,131 to €10,737
mainly Investment in fixed assets (net) (-€36,779) and Debts after one year (-€13,733)
- Tangible fixed assets +€7,061
up €7,061 (+7.8%), from €90,121 to €97,182
of which Furniture and vehicles: +€5,321
- Receivables within one year -€5,774
down €5,774 (-68.0%), from €8,491 to €2,717
of which Trade receivables: -€5,760
- Profit (loss) carried forward +€18,403
up €18,403 (+50.5%), from -€36,419 to -€18,017
- Debts after one year -€13,733
down €13,733 (-29.5%), from €46,600 to €32,867
- Trade debts -€13,670
down €13,670 (-75.4%), from €18,135 to €4,465
- Current portion of long-term debt +€2,145
up €2,145 (+12.0%), from €17,800 to €19,945
- Other debts +€1,805
up €1,805 (+9.6%), from €18,819 to €20,624
- Gross operating margin +€23,064
up €23,064 (+74.6%), from €30,903 to €53,966
- Depreciation +€4,831
up €4,831 (+19.4%), from €24,888 to €29,718
- Taxes +€774
up €774 (+361%), from €214 to €989
- Financial charges -€571
down €571 (-16.6%), from €3,448 to €2,877
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 | €117,243 | €111,136 | -€6,107 | -5.2% |
| Fixed assets | 21/28 | €90,621 | €97,682 | +€7,061 | +7.8% |
| Tangible fixed assets | 22/27 | €90,121 | €97,182 | +€7,061 | +7.8% |
| Plant, machinery and equipment | 23 | €63,468 | €65,207 | +€1,740 | +2.7% |
| Furniture and vehicles | 24 | €26,654 | €31,975 | +€5,321 | +20.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €26,622 | €13,453 | -€13,168 | -49.5% |
| Amounts receivable within one year | 40/41 | €8,491 | €2,717 | -€5,774 | -68.0% |
| Trade receivables | 40 | €8,477 | €2,717 | -€5,760 | -68.0% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €18,131 | €10,737 | -€7,394 | -40.8% |
| Total equity and liabilities | 10/49 | €117,243 | €111,136 | -€6,107 | -5.2% |
| Equity | 10/15 | €10,769 | €29,172 | +€18,403 | +171% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,988 | €40,988 | = | 0.0% |
| Distributable reserves | 133 | €40,988 | €40,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,419 | -€18,017 | +€18,403 | +50.5% |
| Amounts payable | 17/49 | €106,474 | €81,964 | -€24,510 | -23.0% |
| Amounts payable after more than one year | 17 | €46,600 | €32,867 | -€13,733 | -29.5% |
| Financial debts | 170/4 | €46,600 | €32,867 | -€13,733 | -29.5% |
| Amounts payable within one year | 42/48 | €59,874 | €49,097 | -€10,777 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €17,800 | €19,945 | +€2,145 | +12.0% |
| Trade debts | 44 | €18,135 | €4,465 | -€13,670 | -75.4% |
| Suppliers | 440/4 | €18,135 | €4,465 | -€13,670 | -75.4% |
| Taxes, remuneration and social security | 45 | €5,120 | €4,063 | -€1,057 | -20.6% |
| Taxes | 450/3 | €5,120 | €4,063 | -€1,057 | -20.6% |
| Other amounts payable | 47/48 | €18,819 | €20,624 | +€1,805 | +9.6% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,888 | €29,718 | +€4,831 | +19.4% |
| Other operating charges | 640/8 | €1,629 | €2,030 | +€401 | +24.7% |
| Gross operating margin | 9900 | €30,903 | €53,966 | +€23,064 | +74.6% |
| Operating profit (loss) | 9901 | €4,386 | €22,218 | +€17,831 | +407% |
| Financial income | 75/76B | €97 | €51 | -€46 | -47.5% |
| Recurring financial income | 75 | €97 | €51 | -€46 | -47.5% |
| Financial charges | 65/66B | €3,448 | €2,877 | -€571 | -16.6% |
| Recurring financial charges | 65 | €3,448 | €2,877 | -€571 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,036 | €19,391 | +€18,356 | +1,772% |
| Income taxes | 67/77 | €214 | €989 | +€774 | +361% |
| Profit (loss) for the period | 9904 | €821 | €18,403 | +€17,582 | +2,141% |
| Profit (loss) for the period to be appropriated | 9905 | €821 | €18,403 | +€17,582 | +2,141% |
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 31 October 2026 via checked.be.