CRAS: 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.
CRAS
Largest movements
- Cash -€105,692
down €105,692 (-64.3%), from €164,474 to €58,782
mainly Receivables within one year (-€72,209) and Net result for the year (-€52,674)
- Receivables within one year +€72,209
up €72,209 (+263%), from €27,412 to €99,622
of which Trade receivables: +€73,305
- Deferred charges and accrued income +€8,564
new in 2025: €8,564
- Tangible fixed assets -€6,873
down €6,873 (-12.2%), from €56,460 to €49,588
of which Land and buildings: -€5,483
- Stocks and contracts -€5,888
down €5,888 (-2.3%), from €260,339 to €254,451
- Reserves -€29,797
down €29,797 (-29.7%), from €100,387 to €70,590
- Profit (loss) carried forward -€22,877
new in 2025: -€22,877
- Trade debts +€11,356
up €11,356 (+79.6%), from €14,267 to €25,624
- Gross operating margin -€101,456
down €101,456 (-67.8%), from €149,567 to €48,111
- Taxes -€16,887
down €16,887 (-99.9%), from €16,899 to €12
- Staff costs +€13,964
up €13,964 (+21.6%), from €64,678 to €78,642
- Financial charges +€2,314
up €2,314 (+35.9%), from €6,450 to €8,764
- Other operating charges -€1,650
down €1,650 (-20.1%), from €8,198 to €6,548
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 | €557,936 | €520,257 | -€37,679 | -6.8% |
| Fixed assets | 21/28 | €56,460 | €49,588 | -€6,873 | -12.2% |
| Tangible fixed assets | 22/27 | €56,460 | €49,588 | -€6,873 | -12.2% |
| Land and buildings | 22 | €53,671 | €48,188 | -€5,483 | -10.2% |
| Plant, machinery and equipment | 23 | €2,790 | €1,400 | -€1,390 | -49.8% |
| Current assets | 29/58 | €501,476 | €470,669 | -€30,806 | -6.1% |
| Stocks and contracts in progress | 3 | €260,339 | €254,451 | -€5,888 | -2.3% |
| Stocks | 30/36 | €260,339 | €254,451 | -€5,888 | -2.3% |
| Amounts receivable within one year | 40/41 | €27,412 | €99,622 | +€72,209 | +263% |
| Trade receivables | 40 | €26,317 | €99,622 | +€73,305 | +279% |
| Other amounts receivable | 41 | €1,095 | €0 | -€1,095 | -100% |
| Current investments | 50/53 | €49,250 | €49,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164,474 | €58,782 | -€105,692 | -64.3% |
| Deferred charges and accrued income | 490/1 | - | €8,564 | +€8,564 | |
| Total equity and liabilities | 10/49 | €557,936 | €520,257 | -€37,679 | -6.8% |
| Equity | 10/15 | €118,937 | €66,263 | -€52,674 | -44.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €100,387 | €70,590 | -€29,797 | -29.7% |
| Distributable reserves | 133 | €100,387 | €70,590 | -€29,797 | -29.7% |
| Profit (loss) carried forward | 14 | - | -€22,877 | -€22,877 | |
| Amounts payable | 17/49 | €438,999 | €453,994 | +€14,995 | +3.4% |
| Amounts payable within one year | 42/48 | €438,999 | €450,994 | +€11,995 | +2.7% |
| Trade debts | 44 | €14,267 | €25,624 | +€11,356 | +79.6% |
| Suppliers | 440/4 | €14,267 | €25,624 | +€11,356 | +79.6% |
| Taxes, remuneration and social security | 45 | €46,664 | €51,688 | +€5,024 | +10.8% |
| Taxes | 450/3 | €30,530 | €32,114 | +€1,584 | +5.2% |
| Remuneration and social security | 454/9 | €16,134 | €19,574 | +€3,440 | +21.3% |
| Other amounts payable | 47/48 | €378,068 | €373,683 | -€4,385 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €64,678 | €78,642 | +€13,964 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,915 | €6,873 | -€43 | -0.6% |
| Other operating charges | 640/8 | €8,198 | €6,548 | -€1,650 | -20.1% |
| Gross operating margin | 9900 | €149,567 | €48,111 | -€101,456 | -67.8% |
| Operating profit (loss) | 9901 | €69,776 | -€43,951 | -€113,727 | |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €6,450 | €8,764 | +€2,314 | +35.9% |
| Recurring financial charges | 65 | €6,450 | €8,764 | +€2,314 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €63,326 | -€52,662 | -€115,988 | |
| Income taxes | 67/77 | €16,899 | €12 | -€16,887 | -99.9% |
| Profit (loss) for the period | 9904 | €46,427 | -€52,674 | -€99,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,427 | -€52,674 | -€99,101 |
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 25 October 2026 via checked.be.