CRATRAC: 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.
CRATRAC
Largest movements
- Stocks and contracts +€132,864
up €132,864 (+22.3%), from €597,035 to €729,899
- Deferred charges and accrued income +€85,647
up €85,647 (+206%), from €41,670 to €127,317
- Tangible fixed assets -€44,040
down €44,040 (-3.3%), from €1.3m to €1.3m
- Debts after one year +€150,106
up €150,106 (+4.7%), from €3.2m to €3.4m
- Profit (loss) carried forward +€39,252
up €39,252 (+18.8%), from -€208,627 to -€169,375
- Financial income +€122,561
up €122,561 (+306%), from €40,050 to €162,611
- Gross operating margin +€25,635
up €25,635, from -€2,019 to €23,615
- Depreciation -€2,362
down €2,362 (-4.1%), from €58,100 to €55,738
- Financial charges -€1,257
down €1,257 (-1.4%), from €91,434 to €90,176
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 | €3,495,481 | €3,685,669 | +€190,187 | +5.4% |
| Fixed assets | 21/28 | €1,327,148 | €1,283,108 | -€44,040 | -3.3% |
| Tangible fixed assets | 22/27 | €1,327,148 | €1,283,108 | -€44,040 | -3.3% |
| Land and buildings | 22 | €1,234,680 | €1,217,590 | -€17,090 | -1.4% |
| Plant, machinery and equipment | 23 | €15,424 | €4,279 | -€11,145 | -72.3% |
| Furniture and vehicles | 24 | €77,044 | €61,239 | -€15,805 | -20.5% |
| Current assets | 29/58 | €2,168,334 | €2,402,561 | +€234,227 | +10.8% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €1,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,500,000 | €1,500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €597,035 | €729,899 | +€132,864 | +22.3% |
| Stocks | 30/36 | €597,035 | €729,899 | +€132,864 | +22.3% |
| Amounts receivable within one year | 40/41 | €1,115 | €976 | -€138 | -12.4% |
| Trade receivables | 40 | €58 | €0 | -€58 | -100% |
| Other amounts receivable | 41 | €1,057 | €976 | -€81 | -7.6% |
| Cash at bank and in hand | 54/58 | €28,514 | €44,369 | +€15,855 | +55.6% |
| Deferred charges and accrued income | 490/1 | €41,670 | €127,317 | +€85,647 | +206% |
| Total equity and liabilities | 10/49 | €3,495,481 | €3,685,669 | +€190,187 | +5.4% |
| Equity | 10/15 | €291,373 | €330,625 | +€39,252 | +13.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,627 | -€169,375 | +€39,252 | +18.8% |
| Amounts payable | 17/49 | €3,204,109 | €3,355,044 | +€150,935 | +4.7% |
| Amounts payable after more than one year | 17 | €3,203,879 | €3,353,985 | +€150,106 | +4.7% |
| Financial debts | 170/4 | €3,203,879 | €3,353,985 | +€150,106 | +4.7% |
| Amounts payable within one year | 42/48 | €230 | €1,059 | +€829 | +360% |
| Trade debts | 44 | - | €829 | +€829 | |
| Suppliers | 440/4 | - | €829 | +€829 | |
| Other amounts payable | 47/48 | €230 | €230 | = | 0.0% |
| Non-recurring operating income | 76A | - | €30,692 | +€30,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,100 | €55,738 | -€2,362 | -4.1% |
| Other operating charges | 640/8 | €1,130 | €1,060 | -€69 | -6.1% |
| Gross operating margin | 9900 | -€2,019 | €23,615 | +€25,635 | |
| Operating profit (loss) | 9901 | -€61,249 | -€33,183 | +€28,066 | +45.8% |
| Financial income | 75/76B | €40,050 | €162,611 | +€122,561 | +306% |
| Recurring financial income | 75 | €40,050 | €162,611 | +€122,561 | +306% |
| Financial charges | 65/66B | €91,434 | €90,176 | -€1,257 | -1.4% |
| Recurring financial charges | 65 | €91,434 | €90,176 | -€1,257 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€112,632 | €39,252 | +€151,884 | |
| Profit (loss) for the period | 9904 | -€112,632 | €39,252 | +€151,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,632 | €39,252 | +€151,884 |
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 20 October 2026 via checked.be.