CRAYER PARTICIPATIONS: 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
CRAYER PARTICIPATIONS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€433,572
2024 · -€680,461+€246,890
Equity
€15.0m
2024 · €15.4m-€433,572
Cash
€331,529
2024 · €387,212-€55,683
Balance sheet total
€22.2m
2024 · €21.9m+€328,589
Largest movements
Assets
- Financial fixed assets +€750,000
up €750,000 (+5.4%), from €13.9m to €14.6m
- Current investments -€354,084
down €354,084 (-7.3%), from €4.9m to €4.5m
Equity and liabilities
- Debts after one year +€879,188
up €879,188 (+16.4%), from €5.4m to €6.2m
- Profit (loss) carried forward -€433,572
down €433,572 (-69.8%), from -€621,428 to -€1.1m
Income statement
- Financial income +€266,019
up €266,019 (+190%), from €140,324 to €406,343
of which Non-recurring financial income: +€245,540
- Financial charges +€69,760
up €69,760 (+18.3%), from €380,640 to €450,400
of which Financial charges: +€80,656
- Taxes -€45,525
down €45,525, from €41,309 to -€4,215
- Gross operating margin +€31,650
up €31,650 (+16.4%), from -€192,781 to -€161,131
- Staff costs +€25,235
up €25,235 (+15.4%), from €163,763 to €188,998
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
-€680,461
Gross operating margin
+€31,650
Staff costs
-€25,235
Depreciation
-€234
Other operating charges
-€1,076
Financial income
+€266,019
Financial charges
-€69,760
Taxes
+€45,525
Result 2025
-€433,572
raises the resultlowers the result
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.
From operations
-€407,202
Investment
-€414,529
Financing
+€766,047
Cash 2024
€387,212
From operations (derived)
-€407,202
Net result for the year
-€433,572
Depreciation
+€35,264
Receivables within one year
+€10,506
Deferred charges and accrued income
-€15,514
Trade debts
-€30,102
Tax, wage and social debts
+€4,089
Other debts
+€26,717
Accrued charges and deferred income
-€4,591
Investment (derived)
-€414,529
Investment in fixed assets (net)
-€768,613
Current investments
+€354,084
Financing
+€766,047
Debts after one year
+€879,188
Current portion of long-term debt
+€1,470
Short-term financial debts
-€114,611
Cash 2025
€331,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,884,523 | €22,213,112 | +€328,589 | +1.5% |
| Fixed assets | 21/28 | €16,554,754 | €17,288,103 | +€733,349 | +4.4% |
| Tangible fixed assets | 22/27 | €2,661,646 | €2,644,995 | -€16,651 | -0.6% |
| Land and buildings | 22 | €1,457,437 | €1,423,697 | -€33,741 | -2.3% |
| Furniture and vehicles | 24 | €1,200,878 | €1,200,000 | -€878 | -0.1% |
| Other tangible fixed assets | 26 | €3,330 | €21,298 | +€17,968 | +540% |
| Financial fixed assets | 28 | €13,893,108 | €14,643,108 | +€750,000 | +5.4% |
| Current assets | 29/58 | €5,329,769 | €4,925,009 | -€404,760 | -7.6% |
| Amounts receivable within one year | 40/41 | €65,999 | €55,492 | -€10,506 | -15.9% |
| Trade receivables | 40 | €1,200 | €600 | -€600 | -50.0% |
| Other amounts receivable | 41 | €64,799 | €54,892 | -€9,906 | -15.3% |
| Current investments | 50/53 | €4,857,703 | €4,503,619 | -€354,084 | -7.3% |
| Cash at bank and in hand | 54/58 | €387,212 | €331,529 | -€55,683 | -14.4% |
| Deferred charges and accrued income | 490/1 | €18,855 | €34,369 | +€15,514 | +82.3% |
| Total equity and liabilities | 10/49 | €21,884,523 | €22,213,112 | +€328,589 | +1.5% |
| Equity | 10/15 | €15,431,572 | €14,998,000 | -€433,572 | -2.8% |
| Contributions | 10/11 | €16,053,000 | €16,053,000 | = | 0.0% |
| Capital | 10 | €16,053,000 | €16,053,000 | = | 0.0% |
| Issued capital | 100 | €17,203,000 | €17,203,000 | = | 0.0% |
| Uncalled capital | 101 | €1,150,000 | €1,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€621,428 | -€1,055,000 | -€433,572 | -69.8% |
| Amounts payable | 17/49 | €6,452,951 | €7,215,112 | +€762,161 | +11.8% |
| Amounts payable after more than one year | 17 | €5,357,671 | €6,236,859 | +€879,188 | +16.4% |
| Financial debts | 170/4 | €5,357,671 | €6,236,859 | +€879,188 | +16.4% |
| Amounts payable within one year | 42/48 | €1,083,564 | €971,128 | -€112,436 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €29,216 | €30,686 | +€1,470 | +5.0% |
| Financial debts | 43 | €501,288 | €386,677 | -€114,611 | -22.9% |
| Credit institutions | 430/8 | €501,288 | €386,677 | -€114,611 | -22.9% |
| Trade debts | 44 | €70,006 | €39,904 | -€30,102 | -43.0% |
| Suppliers | 440/4 | €70,006 | €39,904 | -€30,102 | -43.0% |
| Taxes, remuneration and social security | 45 | €55,665 | €59,754 | +€4,089 | +7.3% |
| Taxes | 450/3 | €9,295 | €5,676 | -€3,619 | -38.9% |
| Remuneration and social security | 454/9 | €46,370 | €54,078 | +€7,708 | +16.6% |
| Other amounts payable | 47/48 | €427,389 | €454,107 | +€26,717 | +6.3% |
| Accrued charges and deferred income | 492/3 | €11,716 | €7,125 | -€4,591 | -39.2% |
| Remuneration, social security and pensions | 62 | €163,763 | €188,998 | +€25,235 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,030 | €35,264 | +€234 | +0.7% |
| Other operating charges | 640/8 | €7,261 | €8,337 | +€1,076 | +14.8% |
| Gross operating margin | 9900 | -€192,781 | -€161,131 | +€31,650 | +16.4% |
| Operating profit (loss) | 9901 | -€398,835 | -€393,730 | +€5,105 | +1.3% |
| Financial income | 75/76B | €140,324 | €406,343 | +€266,019 | +190% |
| Recurring financial income | 75 | €139,491 | €159,970 | +€20,480 | +14.7% |
| Non-recurring financial income | 76B | €833 | €246,373 | +€245,540 | +29,472% |
| Financial charges | 65/66B | €380,640 | €450,400 | +€69,760 | +18.3% |
| Recurring financial charges | 65 | €194,175 | €274,830 | +€80,656 | +41.5% |
| Non-recurring financial charges | 66B | €186,465 | €175,569 | -€10,896 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€639,152 | -€437,787 | +€201,365 | +31.5% |
| Income taxes | 67/77 | €41,309 | -€4,215 | -€45,525 | |
| Profit (loss) for the period | 9904 | -€680,461 | -€433,572 | +€246,890 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€680,461 | -€433,572 | +€246,890 | +36.3% |
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 24 October 2026 via checked.be.