Cravano: 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.
What changed
Cravano
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€188,126
2024 · -€189,012+€377,138
Equity
€4.2m
2024 · €4.0m+€188,126
Cash
€287,208
2024 · €54,206+€233,002
Balance sheet total
€9.1m
2024 · €9.7m-€511,687
Largest movements
Assets
- Tangible fixed assets -€871,694
down €871,694 (-10.6%), from €8.2m to €7.3m
of which Land and buildings: -€870,896
- Cash +€233,002
up €233,002 (+429.8%), from €54,206 to €287,208
mainly Investment in fixed assets (net) (+€569,345) and Depreciation (+€302,527)
- Receivables within one year +€119,297
up €119,297 (+30.1%), from €395,905 to €515,202
Equity and liabilities
- Debts after one year -€463,282
down €463,282 (-19.9%), from €2.3m to €1.9m
- Reserves +€188,126
up €188,126 (+6.5%), from €2.9m to €3.1m
of which Distributable reserves: +€560,202
Income statement
- Gross operating margin +€629,252
up €629,252 (+179.9%), from €349,815 to €979,067
- Taxes +€186,501
up €186,501 (+626.3%), from €29,776 to €216,277
- Financial charges -€47,785
down €47,785 (-19.1%), from €249,592 to €201,807
of which Financial charges: -€47,785
- Depreciation -€12,603
down €12,603 (-4.0%), from €315,130 to €302,527
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.
Result 2024
-€189,012
Gross operating margin
+€629,252
Depreciation
+€12,603
Other operating charges
+€7,031
Other operating items
-€143,323
Financial income
-€1,545
Financial charges
+€47,785
Taxes
-€186,501
Deferred taxes and other
+€11,836
Result 2025
€188,126
Cash bridge derived
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.
From operations
+€164,083
Investment
+€561,935
Financing
-€493,016
Cash 2024
€54,206
From operations (derived)
+€164,083
Net result for the year
+€188,126
Depreciation
+€302,527
Receivables within one year
-€119,297
Deferred charges and accrued income
-€476
Provisions
-€92,067
Trade debts
+€21,628
Tax, wage and social debts
-€28,392
Other debts
-€94,721
Accrued charges and deferred income
-€13,245
Investment (derived)
+€561,935
Investment in fixed assets (net)
+€569,345
Current investments
-€7,410
Financing
-€493,016
Debts after one year
-€463,282
Current portion of long-term debt
-€29,734
Cash 2025
€287,208
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,659,639 | €9,147,952 | -€511,687 | -5.3% |
| Fixed assets | 21/28 | €8,195,152 | €7,323,279 | -€871,873 | -10.6% |
| Tangible fixed assets | 22/27 | €8,194,973 | €7,323,279 | -€871,694 | -10.6% |
| Land and buildings | 22 | €7,004,164 | €6,133,267 | -€870,896 | -12.4% |
| Plant, machinery and equipment | 23 | €15,945 | €22,117 | +€6,172 | +38.7% |
| Furniture and vehicles | 24 | €12,066 | €11,830 | -€236 | -2.0% |
| Leasing and similar rights | 25 | €658,666 | €576,333 | -€82,333 | -12.5% |
| Other tangible fixed assets | 26 | €91,000 | €91,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €413,132 | €488,732 | +€75,600 | +18.3% |
| Financial fixed assets | 28 | €178 | €0 | -€178 | -100.0% |
| Current assets | 29/58 | €1,464,487 | €1,824,672 | +€360,185 | +24.6% |
| Amounts receivable within one year | 40/41 | €395,905 | €515,202 | +€119,297 | +30.1% |
| Other amounts receivable | 41 | €395,905 | €515,202 | +€119,297 | +30.1% |
| Current investments | 50/53 | €1,001,517 | €1,008,927 | +€7,410 | +0.7% |
| Cash at bank and in hand | 54/58 | €54,206 | €287,208 | +€233,002 | +429.8% |
| Deferred charges and accrued income | 490/1 | €12,859 | €13,335 | +€476 | +3.7% |
| Total equity and liabilities | 10/49 | €9,659,639 | €9,147,952 | -€511,687 | -5.3% |
| Equity | 10/15 | €4,019,131 | €4,207,257 | +€188,126 | +4.7% |
| Contributions | 10/11 | €1,160,503 | €1,160,503 | = | 0.0% |
| Reserves | 13 | €2,895,692 | €3,083,819 | +€188,126 | +6.5% |
| Non-distributable reserves | 130/1 | €95,874 | €0 | -€95,874 | -100.0% |
| Reserves not available under the articles | 1311 | €95,874 | €0 | -€95,874 | -100.0% |
| Tax-exempt reserves | 132 | €1,342,706 | €1,066,505 | -€276,201 | -20.6% |
| Distributable reserves | 133 | €1,457,111 | €2,017,313 | +€560,202 | +38.4% |
| Profit (loss) carried forward | 14 | -€37,065 | -€37,065 | = | 0.0% |
| Provisions and deferred taxes | 16 | €446,767 | €354,700 | -€92,067 | -20.6% |
| Deferred taxes | 168 | €446,767 | €354,700 | -€92,067 | -20.6% |
| Amounts payable | 17/49 | €5,193,740 | €4,585,994 | -€607,747 | -11.7% |
| Amounts payable after more than one year | 17 | €2,333,615 | €1,870,333 | -€463,282 | -19.9% |
| Financial debts | 170/4 | €2,333,615 | €1,870,333 | -€463,282 | -19.9% |
| Amounts payable within one year | 42/48 | €2,726,103 | €2,594,884 | -€131,220 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €208,323 | €178,589 | -€29,734 | -14.3% |
| Trade debts | 44 | €9,452 | €31,080 | +€21,628 | +228.8% |
| Suppliers | 440/4 | €9,452 | €31,080 | +€21,628 | +228.8% |
| Taxes, remuneration and social security | 45 | €74,190 | €45,799 | -€28,392 | -38.3% |
| Taxes | 450/3 | €74,190 | €45,799 | -€28,392 | -38.3% |
| Other amounts payable | 47/48 | €2,434,138 | €2,339,417 | -€94,721 | -3.9% |
| Accrued charges and deferred income | 492/3 | €134,023 | €120,777 | -€13,245 | -9.9% |
| Non-recurring operating income | 76A | - | €731,537 | +€731,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,130 | €302,527 | -€12,603 | -4.0% |
| Other operating charges | 640/8 | €75,665 | €68,634 | -€7,031 | -9.3% |
| Non-recurring operating charges | 66A | - | €143,323 | +€143,323 | |
| Gross operating margin | 9900 | €349,815 | €979,067 | +€629,252 | +179.9% |
| Operating profit (loss) | 9901 | -€40,980 | €464,583 | +€505,563 | |
| Financial income | 75/76B | €51,106 | €49,561 | -€1,545 | -3.0% |
| Recurring financial income | 75 | €51,106 | €49,561 | -€1,545 | -3.0% |
| Financial charges | 65/66B | €249,592 | €201,807 | -€47,785 | -19.1% |
| Recurring financial charges | 65 | €249,592 | €201,807 | -€47,785 | -19.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€239,467 | €312,336 | +€551,803 | |
| Transfer from deferred taxes | 780 | €80,231 | €92,067 | +€11,836 | +14.8% |
| Income taxes | 67/77 | €29,776 | €216,277 | +€186,501 | +626.3% |
| Profit (loss) for the period | 9904 | -€189,012 | €188,126 | +€377,138 | |
| Transfer from tax-exempt reserves | 789 | €240,809 | €276,201 | +€35,392 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,797 | €464,327 | +€412,530 | +796.4% |
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 9 October 2026 via checked.be.