CRDD: 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.
CRDD
Largest movements
- Cash +€56,109
up €56,109 (+90.5%), from €61,965 to €118,074
mainly Net result for the year (+€43,029) and Depreciation (+€26,265)
- Tangible fixed assets -€7,721
down €7,721 (-12.3%), from €62,527 to €54,806
of which Plant, machinery and equipment: -€17,072
- Receivables within one year -€5,582
down €5,582 (-6.4%), from €86,667 to €81,085
of which Trade receivables: -€11,656
- Stocks and contracts -€5,541
down €5,541 (-19.3%), from €28,725 to €23,184
- Profit (loss) carried forward +€43,029
up €43,029 (+34.0%), from €126,526 to €169,555
- Debts after one year -€6,426
down €6,426 (-47.7%), from €13,481 to €7,055
- Gross operating margin +€12,795
up €12,795 (+16.9%), from €75,745 to €88,541
- Taxes +€6,189
up €6,189 (+61.2%), from €10,112 to €16,301
- Financial charges +€1,387
up €1,387 (+170.0%), from €816 to €2,202
- Depreciation -€1,310
down €1,310 (-4.8%), from €27,575 to €26,265
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 | €246,649 | €281,657 | +€35,008 | +14.2% |
| Fixed assets | 21/28 | €65,527 | €57,806 | -€7,721 | -11.8% |
| Tangible fixed assets | 22/27 | €62,527 | €54,806 | -€7,721 | -12.3% |
| Land and buildings | 22 | €2,792 | €1,675 | -€1,117 | -40.0% |
| Plant, machinery and equipment | 23 | €44,353 | €27,281 | -€17,072 | -38.5% |
| Furniture and vehicles | 24 | €12,407 | €9,203 | -€3,204 | -25.8% |
| Other tangible fixed assets | 26 | €2,975 | €16,647 | +€13,672 | +459.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €181,122 | €223,852 | +€42,729 | +23.6% |
| Stocks and contracts in progress | 3 | €28,725 | €23,184 | -€5,541 | -19.3% |
| Stocks | 30/36 | €28,725 | €23,184 | -€5,541 | -19.3% |
| Amounts receivable within one year | 40/41 | €86,667 | €81,085 | -€5,582 | -6.4% |
| Trade receivables | 40 | €80,430 | €68,775 | -€11,656 | -14.5% |
| Other amounts receivable | 41 | €6,237 | €12,310 | +€6,073 | +97.4% |
| Cash at bank and in hand | 54/58 | €61,965 | €118,074 | +€56,109 | +90.5% |
| Deferred charges and accrued income | 490/1 | €3,765 | €1,509 | -€2,257 | -59.9% |
| Total equity and liabilities | 10/49 | €246,649 | €281,657 | +€35,008 | +14.2% |
| Equity | 10/15 | €131,526 | €174,555 | +€43,029 | +32.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,526 | €169,555 | +€43,029 | +34.0% |
| Amounts payable | 17/49 | €115,123 | €107,102 | -€8,021 | -7.0% |
| Amounts payable after more than one year | 17 | €13,481 | €7,055 | -€6,426 | -47.7% |
| Financial debts | 170/4 | €13,481 | €7,055 | -€6,426 | -47.7% |
| Amounts payable within one year | 42/48 | €101,642 | €100,047 | -€1,595 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €7,197 | €6,426 | -€771 | -10.7% |
| Trade debts | 44 | €58,992 | €58,816 | -€176 | -0.3% |
| Suppliers | 440/4 | €58,992 | €58,816 | -€176 | -0.3% |
| Advances received on contracts in progress | 46 | - | €468 | +€468 | |
| Taxes, remuneration and social security | 45 | €14,454 | €13,338 | -€1,116 | -7.7% |
| Taxes | 450/3 | €14,454 | €13,338 | -€1,116 | -7.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,000 | €21,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,575 | €26,265 | -€1,310 | -4.8% |
| Other operating charges | 640/8 | €558 | €744 | +€186 | +33.3% |
| Gross operating margin | 9900 | €75,745 | €88,541 | +€12,795 | +16.9% |
| Operating profit (loss) | 9901 | €47,613 | €61,532 | +€13,919 | +29.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €816 | €2,202 | +€1,387 | +170.0% |
| Recurring financial charges | 65 | €816 | €2,202 | +€1,387 | +170.0% |
| Profit (loss) for the period before taxes | 9903 | €46,800 | €59,330 | +€12,530 | +26.8% |
| Income taxes | 67/77 | €10,112 | €16,301 | +€6,189 | +61.2% |
| Profit (loss) for the period | 9904 | €36,688 | €43,029 | +€6,341 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,688 | €43,029 | +€6,341 | +17.3% |
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 4 October 2026 via checked.be.