CRAVAT EVENTS: 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.
CRAVAT EVENTS
Largest movements
- Receivables within one year +€65,985
up €65,985 (+59.5%), from €110,919 to €176,903
of which Trade receivables: +€66,057
- Cash +€41,959
up €41,959 (+12.6%), from €332,084 to €374,043
mainly Trade debts (+€242,771) and Accrued charges and deferred income (+€75,000)
- Tangible fixed assets -€7,413
down €7,413 (-50.0%), from €14,837 to €7,424
of which Furniture and vehicles: -€7,130
- Trade debts +€242,771
up €242,771 (+830%), from €29,254 to €272,025
- Reserves -€140,217
down €140,217 (-62.6%), from €224,132 to €83,915
- Other debts -€75,810
down €75,810 (-56.0%), from €135,368 to €59,558
- Accrued charges and deferred income +€75,000
new in 2025: €75,000
- Gross operating margin -€38,606
down €38,606 (-6.9%), from €561,681 to €523,075
- Staff costs +€20,544
up €20,544 (+4.4%), from €464,747 to €485,291
- Taxes +€6,093
up €6,093 (+46.4%), from €13,139 to €19,233
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 | €467,839 | €568,370 | +€100,531 | +21.5% |
| Fixed assets | 21/28 | €24,837 | €17,424 | -€7,413 | -29.8% |
| Tangible fixed assets | 22/27 | €14,837 | €7,424 | -€7,413 | -50.0% |
| Plant, machinery and equipment | 23 | €385 | €102 | -€284 | -73.6% |
| Furniture and vehicles | 24 | €14,452 | €7,322 | -€7,130 | -49.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €443,002 | €550,946 | +€107,944 | +24.4% |
| Amounts receivable within one year | 40/41 | €110,919 | €176,903 | +€65,985 | +59.5% |
| Trade receivables | 40 | €102,034 | €168,091 | +€66,057 | +64.7% |
| Other amounts receivable | 41 | €8,885 | €8,813 | -€72 | -0.8% |
| Cash at bank and in hand | 54/58 | €332,084 | €374,043 | +€41,959 | +12.6% |
| Total equity and liabilities | 10/49 | €467,839 | €568,370 | +€100,531 | +21.5% |
| Equity | 10/15 | €224,132 | €83,915 | -€140,217 | -62.6% |
| Reserves | 13 | €224,132 | €83,915 | -€140,217 | -62.6% |
| Distributable reserves | 133 | €224,132 | €83,915 | -€140,217 | -62.6% |
| Amounts payable | 17/49 | €243,707 | €484,454 | +€240,748 | +98.8% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €223,707 | €389,454 | +€165,748 | +74.1% |
| Trade debts | 44 | €29,254 | €272,025 | +€242,771 | +830% |
| Suppliers | 440/4 | €29,254 | €272,025 | +€242,771 | +830% |
| Taxes, remuneration and social security | 45 | €59,084 | €57,871 | -€1,213 | -2.1% |
| Taxes | 450/3 | €36,306 | €43,541 | +€7,234 | +19.9% |
| Remuneration and social security | 454/9 | €22,778 | €14,330 | -€8,448 | -37.1% |
| Other amounts payable | 47/48 | €135,368 | €59,558 | -€75,810 | -56.0% |
| Accrued charges and deferred income | 492/3 | - | €75,000 | +€75,000 | |
| Remuneration, social security and pensions | 62 | €464,747 | €485,291 | +€20,544 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,734 | €7,413 | -€1,321 | -15.1% |
| Other operating charges | 640/8 | €226 | €228 | +€2 | +0.9% |
| Gross operating margin | 9900 | €561,681 | €523,075 | -€38,606 | -6.9% |
| Operating profit (loss) | 9901 | €87,975 | €30,144 | -€57,831 | -65.7% |
| Financial income | 75/76B | €809 | €0 | -€808 | -100.0% |
| Recurring financial income | 75 | €809 | €0 | -€808 | -100.0% |
| Financial charges | 65/66B | €600 | €1,128 | +€528 | +87.9% |
| Recurring financial charges | 65 | €600 | €1,128 | +€528 | +87.9% |
| Profit (loss) for the period before taxes | 9903 | €88,183 | €29,016 | -€59,167 | -67.1% |
| Income taxes | 67/77 | €13,139 | €19,233 | +€6,093 | +46.4% |
| Profit (loss) for the period | 9904 | €75,044 | €9,783 | -€65,261 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,044 | €9,783 | -€65,261 | -87.0% |
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.