CRD Solutions: 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.
CRD Solutions
Largest movements
- Receivables within one year +€393,672
up €393,672 (+281%), from €140,320 to €533,992
of which Trade receivables: +€381,911
- Current investments +€310,355
up €310,355 (+40.4%), from €768,086 to €1.1m
- Cash -€189,895
down €189,895 (-83.3%), from €228,051 to €38,156
mainly Receivables within one year (-€393,672) and Current investments (-€310,355)
- Tangible fixed assets +€56,537
up €56,537 (+34.0%), from €166,102 to €222,639
of which Plant, machinery and equipment: +€47,492
- Intangible fixed assets -€19,952
down €19,952 (-30.8%), from €64,679 to €44,727
- Reserves +€332,157
up €332,157 (+29.5%), from €1.1m to €1.5m
of which Distributable reserves: +€332,157
- Other debts +€222,260
up €222,260 (+445%), from €50,000 to €272,260
- Trade debts +€86,733
up €86,733 (+137%), from €63,388 to €150,121
- Tax, wage and social debts -€85,746
down €85,746 (-76.2%), from €112,513 to €26,767
of which Taxes: -€86,048
- Gross operating margin +€354,700
up €354,700 (+58.8%), from €603,567 to €958,268
- Taxes +€107,770
up €107,770 (+75.2%), from €143,258 to €251,028
- Depreciation +€11,427
up €11,427 (+11.7%), from €97,443 to €108,870
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 | €1,421,275 | €1,954,813 | +€533,538 | +37.5% |
| Fixed assets | 21/28 | €230,962 | €267,547 | +€36,585 | +15.8% |
| Intangible fixed assets | 21 | €64,679 | €44,727 | -€19,952 | -30.8% |
| Tangible fixed assets | 22/27 | €166,102 | €222,639 | +€56,537 | +34.0% |
| Plant, machinery and equipment | 23 | €16,362 | €63,854 | +€47,492 | +290% |
| Furniture and vehicles | 24 | €127,506 | €132,616 | +€5,110 | +4.0% |
| Other tangible fixed assets | 26 | €22,234 | €26,170 | +€3,935 | +17.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,190,313 | €1,687,266 | +€496,953 | +41.7% |
| Amounts receivable within one year | 40/41 | €140,320 | €533,992 | +€393,672 | +281% |
| Trade receivables | 40 | €140,320 | €522,231 | +€381,911 | +272% |
| Other amounts receivable | 41 | - | €11,761 | +€11,761 | |
| Current investments | 50/53 | €768,086 | €1,078,441 | +€310,355 | +40.4% |
| Cash at bank and in hand | 54/58 | €228,051 | €38,156 | -€189,895 | -83.3% |
| Deferred charges and accrued income | 490/1 | €53,856 | €36,677 | -€17,179 | -31.9% |
| Total equity and liabilities | 10/49 | €1,421,275 | €1,954,813 | +€533,538 | +37.5% |
| Equity | 10/15 | €1,167,706 | €1,499,863 | +€332,157 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,127,256 | €1,459,413 | +€332,157 | +29.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,125,396 | €1,457,553 | +€332,157 | +29.5% |
| Profit (loss) carried forward | 14 | €21,850 | €21,850 | = | 0.0% |
| Amounts payable | 17/49 | €253,569 | €454,950 | +€201,381 | +79.4% |
| Amounts payable after more than one year | 17 | €5,802 | - | -€5,802 | |
| Financial debts | 170/4 | €5,802 | - | -€5,802 | |
| Amounts payable within one year | 42/48 | €247,767 | €454,950 | +€207,183 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €21,866 | €5,802 | -€16,065 | -73.5% |
| Trade debts | 44 | €63,388 | €150,121 | +€86,733 | +137% |
| Suppliers | 440/4 | €63,388 | €150,121 | +€86,733 | +137% |
| Taxes, remuneration and social security | 45 | €112,513 | €26,767 | -€85,746 | -76.2% |
| Taxes | 450/3 | €106,538 | €20,490 | -€86,048 | -80.8% |
| Remuneration and social security | 454/9 | €5,975 | €6,277 | +€302 | +5.1% |
| Other amounts payable | 47/48 | €50,000 | €272,260 | +€222,260 | +445% |
| Remuneration, social security and pensions | 62 | €52,002 | €53,721 | +€1,719 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,443 | €108,870 | +€11,427 | +11.7% |
| Other operating charges | 640/8 | €387 | €1,028 | +€641 | +166% |
| Gross operating margin | 9900 | €603,567 | €958,268 | +€354,700 | +58.8% |
| Operating profit (loss) | 9901 | €453,735 | €794,648 | +€340,913 | +75.1% |
| Financial income | 75/76B | €9,216 | €14,807 | +€5,591 | +60.7% |
| Recurring financial income | 75 | €9,216 | €14,807 | +€5,591 | +60.7% |
| Financial charges | 65/66B | €2,615 | €318 | -€2,297 | -87.9% |
| Recurring financial charges | 65 | €791 | €318 | -€473 | -59.9% |
| Non-recurring financial charges | 66B | €1,824 | - | -€1,824 | |
| Profit (loss) for the period before taxes | 9903 | €460,337 | €809,138 | +€348,801 | +75.8% |
| Income taxes | 67/77 | €143,258 | €251,028 | +€107,770 | +75.2% |
| Profit (loss) for the period | 9904 | €317,079 | €558,110 | +€241,032 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €317,079 | €558,110 | +€241,032 | +76.0% |
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 13 October 2026 via checked.be.