Craving Code: what changed
Two fiscal 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.
Craving Code
Largest movements
- Cash +€69,096
up €69,096 (+174.0%), from €39,716 to €108,812
mainly Net result for the year (+€77,176) and Depreciation (+€4,180)
- Receivables within one year +€4,414
up €4,414 (+23.5%), from €18,782 to €23,196
of which Trade receivables: +€4,414
- Tangible fixed assets +€2,937
up €2,937 (+33.2%), from €8,855 to €11,792
of which Furniture and vehicles: +€2,129
- Deferred charges and accrued income +€1,889
up €1,889 (+952.1%), from €198 to €2,087
- Reserves +€76,343
up €76,343 (+147.4%), from €51,795 to €128,138
- Tax, wage and social debts +€2,836
up €2,836 (+23.0%), from €12,327 to €15,163
- Gross operating margin +€32,881
up €32,881 (+47.2%), from €69,686 to €102,567
- Taxes +€6,761
up €6,761 (+48.5%), from €13,929 to €20,689
- Depreciation +€1,566
up €1,566 (+59.9%), from €2,615 to €4,180
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,829 | €145,887 | +€78,059 | +115.1% |
| Formation expenses | 20 | €277 | €0 | -€277 | -100.0% |
| Fixed assets | 21/28 | €8,855 | €11,792 | +€2,937 | +33.2% |
| Tangible fixed assets | 22/27 | €8,855 | €11,792 | +€2,937 | +33.2% |
| Plant, machinery and equipment | 23 | €8,381 | €7,205 | -€1,176 | -14.0% |
| Furniture and vehicles | 24 | €474 | €2,603 | +€2,129 | +449.3% |
| Other tangible fixed assets | 26 | - | €1,984 | +€1,984 | |
| Current assets | 29/58 | €58,696 | €134,095 | +€75,399 | +128.5% |
| Amounts receivable within one year | 40/41 | €18,782 | €23,196 | +€4,414 | +23.5% |
| Trade receivables | 40 | €17,711 | €22,125 | +€4,414 | +24.9% |
| Other amounts receivable | 41 | €1,071 | €1,071 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,716 | €108,812 | +€69,096 | +174.0% |
| Deferred charges and accrued income | 490/1 | €198 | €2,087 | +€1,889 | +952.1% |
| Total equity and liabilities | 10/49 | €67,829 | €145,887 | +€78,059 | +115.1% |
| Equity | 10/15 | €52,795 | €129,138 | +€76,343 | +144.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,795 | €128,138 | +€76,343 | +147.4% |
| Distributable reserves | 133 | €51,795 | €128,138 | +€76,343 | +147.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,034 | €16,749 | +€1,715 | +11.4% |
| Amounts payable within one year | 42/48 | €15,034 | €16,749 | +€1,715 | +11.4% |
| Financial debts | 43 | €58 | €55 | -€3 | -4.7% |
| Other loans | 439 | €58 | €55 | -€3 | -4.7% |
| Trade debts | 44 | €1,815 | €698 | -€1,118 | -61.6% |
| Suppliers | 440/4 | €1,815 | €698 | -€1,118 | -61.6% |
| Taxes, remuneration and social security | 45 | €12,327 | €15,163 | +€2,836 | +23.0% |
| Taxes | 450/3 | €12,327 | €15,163 | +€2,836 | +23.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €4,180 | +€1,566 | +59.9% |
| Other operating charges | 640/8 | €493 | €465 | -€27 | -5.6% |
| Gross operating margin | 9900 | €69,686 | €102,567 | +€32,881 | +47.2% |
| Operating profit (loss) | 9901 | €66,578 | €97,921 | +€31,342 | +47.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €22 | €55 | +€33 | +152.6% |
| Recurring financial charges | 65 | €22 | €55 | +€33 | +152.6% |
| Profit (loss) for the period before taxes | 9903 | €66,557 | €97,866 | +€31,309 | +47.0% |
| Income taxes | 67/77 | €13,929 | €20,689 | +€6,761 | +48.5% |
| Profit (loss) for the period | 9904 | €52,628 | €77,176 | +€24,549 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,628 | €77,176 | +€24,549 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.