CRCL: 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.
CRCL
Largest movements
- Receivables within one year -€12,002
down €12,002 (-26.5%), from €45,224 to €33,222
of which Trade receivables: -€15,810
- Tangible fixed assets -€3,477
down €3,477 (-15.8%), from €22,036 to €18,559
of which Furniture and vehicles: -€3,189
- Cash +€3,088
up €3,088 (+18.2%), from €16,987 to €20,075
mainly Receivables within one year (+€12,002) and Depreciation (+€2,985)
- Profit (loss) carried forward -€13,023
down €13,023 (-21.4%), from -€60,777 to -€73,800
- Trade debts +€2,099
new in 2025: €2,099
- Other debts -€1,608
down €1,608 (-11.1%), from €14,454 to €12,846
- Gross operating margin +€13,463
up €13,463 (+67.0%), from -€20,091 to -€6,628
- Depreciation -€1,460
down €1,460 (-32.9%), from €4,445 to €2,985
- Other operating charges -€441
down €441 (-49.6%), from €890 to €448
- Financial charges -€432
down €432 (-13.5%), from €3,213 to €2,781
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 | €84,246 | €71,855 | -€12,391 | -14.7% |
| Fixed assets | 21/28 | €22,036 | €18,559 | -€3,477 | -15.8% |
| Tangible fixed assets | 22/27 | €22,036 | €18,559 | -€3,477 | -15.8% |
| Land and buildings | 22 | €11,010 | €9,485 | -€1,524 | -13.8% |
| Plant, machinery and equipment | 23 | €7,317 | €8,553 | +€1,236 | +16.9% |
| Furniture and vehicles | 24 | €3,709 | €520 | -€3,189 | -86.0% |
| Current assets | 29/58 | €62,211 | €53,297 | -€8,914 | -14.3% |
| Amounts receivable within one year | 40/41 | €45,224 | €33,222 | -€12,002 | -26.5% |
| Trade receivables | 40 | €43,685 | €27,875 | -€15,810 | -36.2% |
| Other amounts receivable | 41 | €1,539 | €5,347 | +€3,808 | +247% |
| Cash at bank and in hand | 54/58 | €16,987 | €20,075 | +€3,088 | +18.2% |
| Total equity and liabilities | 10/49 | €84,246 | €71,855 | -€12,391 | -14.7% |
| Equity | 10/15 | €69,541 | €56,518 | -€13,023 | -18.7% |
| Contributions | 10/11 | €3,300 | €3,300 | = | 0.0% |
| Reserves | 13 | €127,018 | €127,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €125,163 | €125,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,777 | -€73,800 | -€13,023 | -21.4% |
| Amounts payable | 17/49 | €14,705 | €15,337 | +€632 | +4.3% |
| Amounts payable within one year | 42/48 | €14,705 | €15,337 | +€632 | +4.3% |
| Trade debts | 44 | - | €2,099 | +€2,099 | |
| Suppliers | 440/4 | - | €2,099 | +€2,099 | |
| Taxes, remuneration and social security | 45 | €252 | €393 | +€141 | +56.0% |
| Taxes | 450/3 | €252 | €393 | +€141 | +56.0% |
| Other amounts payable | 47/48 | €14,454 | €12,846 | -€1,608 | -11.1% |
| Non-recurring operating income | 76A | - | €1,390 | +€1,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,445 | €2,985 | -€1,460 | -32.9% |
| Other operating charges | 640/8 | €890 | €448 | -€441 | -49.6% |
| Gross operating margin | 9900 | -€20,091 | -€6,628 | +€13,463 | +67.0% |
| Operating profit (loss) | 9901 | -€25,426 | -€10,062 | +€15,365 | +60.4% |
| Financial income | 75/76B | €26 | €8 | -€18 | -68.9% |
| Recurring financial income | 75 | €26 | €8 | -€18 | -68.9% |
| Financial charges | 65/66B | €3,213 | €2,781 | -€432 | -13.5% |
| Recurring financial charges | 65 | €3,213 | €2,781 | -€432 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,614 | -€12,835 | +€15,779 | +55.1% |
| Income taxes | 67/77 | €205 | €188 | -€16 | -7.9% |
| Profit (loss) for the period | 9904 | -€28,818 | -€13,023 | +€15,795 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,818 | -€13,023 | +€15,795 | +54.8% |
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 18 October 2026 via checked.be.