CRAZY 4: 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.
CRAZY 4
Largest movements
- Receivables within one year -€27,981
down €27,981 (-60.6%), from €46,160 to €18,178
of which Other amounts receivable: -€14,544
- Tangible fixed assets +€5,002
up €5,002 (+39.3%), from €12,742 to €17,743
of which Other tangible fixed assets: +€4,694
- Cash -€4,635
down €4,635 (-9.8%), from €47,464 to €42,829
mainly Contributions, distributions and other (-€79,418) and Trade debts (-€14,405)
- Current investments +€4,505
up €4,505 (+20.1%), from €22,363 to €26,868
- Deferred charges and accrued income +€3,690
up €3,690 (+2,074%), from €178 to €3,868
- Reserves -€47,415
down €47,415 (-55.2%), from €85,903 to €38,488
- Other debts +€47,174
new in 2025: €47,174
- Trade debts -€14,405
down €14,405 (-83.4%), from €17,264 to €2,859
- Tax, wage and social debts -€4,774
down €4,774 (-58.8%), from €8,117 to €3,343
of which Taxes: -€4,830
- Gross operating margin +€29,117
up €29,117 (+154%), from €18,967 to €48,084
- Financial income -€17,817
down €17,817 (-99.0%), from €17,992 to €175
of which Financial income: -€9,553
- Taxes +€2,709
up €2,709 (+40.0%), from €6,778 to €9,487
- Financial charges +€723
up €723 (+48.9%), from €1,479 to €2,202
- Depreciation +€526
up €526 (+14.0%), from €3,764 to €4,290
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 | €129,907 | €110,488 | -€19,420 | -14.9% |
| Fixed assets | 21/28 | €13,742 | €18,743 | +€5,002 | +36.4% |
| Tangible fixed assets | 22/27 | €12,742 | €17,743 | +€5,002 | +39.3% |
| Furniture and vehicles | 24 | €2,667 | €2,974 | +€307 | +11.5% |
| Other tangible fixed assets | 26 | €10,075 | €14,770 | +€4,694 | +46.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €116,166 | €91,744 | -€24,421 | -21.0% |
| Amounts receivable within one year | 40/41 | €46,160 | €18,178 | -€27,981 | -60.6% |
| Trade receivables | 40 | €29,697 | €16,259 | -€13,438 | -45.2% |
| Other amounts receivable | 41 | €16,463 | €1,919 | -€14,544 | -88.3% |
| Current investments | 50/53 | €22,363 | €26,868 | +€4,505 | +20.1% |
| Cash at bank and in hand | 54/58 | €47,464 | €42,829 | -€4,635 | -9.8% |
| Deferred charges and accrued income | 490/1 | €178 | €3,868 | +€3,690 | +2,074% |
| Total equity and liabilities | 10/49 | €129,907 | €110,488 | -€19,420 | -14.9% |
| Equity | 10/15 | €104,503 | €57,088 | -€47,415 | -45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,903 | €38,488 | -€47,415 | -55.2% |
| Distributable reserves | 133 | €85,903 | €38,488 | -€47,415 | -55.2% |
| Amounts payable | 17/49 | €25,404 | €53,399 | +€27,995 | +110% |
| Amounts payable within one year | 42/48 | €25,381 | €53,376 | +€27,995 | +110% |
| Trade debts | 44 | €17,264 | €2,859 | -€14,405 | -83.4% |
| Suppliers | 440/4 | €17,264 | €2,859 | -€14,405 | -83.4% |
| Taxes, remuneration and social security | 45 | €8,117 | €3,343 | -€4,774 | -58.8% |
| Taxes | 450/3 | €4,830 | - | -€4,830 | |
| Remuneration and social security | 454/9 | €3,287 | €3,343 | +€56 | +1.7% |
| Other amounts payable | 47/48 | - | €47,174 | +€47,174 | |
| Accrued charges and deferred income | 492/3 | €23 | €23 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,764 | €4,290 | +€526 | +14.0% |
| Other operating charges | 640/8 | €750 | €278 | -€472 | -63.0% |
| Gross operating margin | 9900 | €18,967 | €48,084 | +€29,117 | +154% |
| Operating profit (loss) | 9901 | €14,453 | €43,517 | +€29,064 | +201% |
| Financial income | 75/76B | €17,992 | €175 | -€17,817 | -99.0% |
| Recurring financial income | 75 | €9,728 | €175 | -€9,553 | -98.2% |
| Non-recurring financial income | 76B | €8,264 | - | -€8,264 | |
| Financial charges | 65/66B | €1,479 | €2,202 | +€723 | +48.9% |
| Recurring financial charges | 65 | €1,479 | €2,202 | +€723 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €30,966 | €41,490 | +€10,524 | +34.0% |
| Income taxes | 67/77 | €6,778 | €9,487 | +€2,709 | +40.0% |
| Profit (loss) for the period | 9904 | €24,188 | €32,003 | +€7,814 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,188 | €32,003 | +€7,814 | +32.3% |
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 16 October 2026 via checked.be.