CRF CONSULT: 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.
CRF CONSULT
Largest movements
- Cash +€101,707
up €101,707 (+557%), from €18,248 to €119,955
mainly Net result for the year (+€192,713) and Other debts (+€30,855)
- Receivables within one year +€55,911
up €55,911 (+61.2%), from €91,301 to €147,212
of which Other amounts receivable: +€51,660
- Financial fixed assets -€33,149
down €33,149 (-100%), from €33,149 to €0
- Tangible fixed assets +€5,274
up €5,274 (+279%), from €1,891 to €7,165
- Profit (loss) carried forward +€90,713
up €90,713, from -€90,546 to €166
- Reserves +€71,145
up €71,145 (+112%), from €63,341 to €134,486
of which Distributable reserves: +€71,145
- Tax, wage and social debts -€39,064
down €39,064 (-66.7%), from €58,603 to €19,539
of which Taxes: -€39,064
- Other debts +€30,855
up €30,855, from €0 to €30,855
- Debts after one year -€24,467
down €24,467 (-32.2%), from €76,070 to €51,603
- Gross operating margin +€206,395
up €206,395 (+273%), from €75,513 to €281,909
- Financial charges -€127,891
down €127,891 (-96.0%), from €133,256 to €5,365
of which Non-recurring financial charges: -€126,851
- Taxes +€60,400
up €60,400 (+427%), from €14,139 to €74,539
- Other operating charges -€13,371
down €13,371 (-48.8%), from €27,425 to €14,054
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 | €144,674 | €274,564 | +€129,890 | +89.8% |
| Fixed assets | 21/28 | €35,040 | €7,165 | -€27,875 | -79.6% |
| Tangible fixed assets | 22/27 | €1,891 | €7,165 | +€5,274 | +279% |
| Furniture and vehicles | 24 | €1,891 | €7,165 | +€5,274 | +279% |
| Financial fixed assets | 28 | €33,149 | €0 | -€33,149 | -100% |
| Current assets | 29/58 | €109,634 | €267,399 | +€157,765 | +144% |
| Amounts receivable within one year | 40/41 | €91,301 | €147,212 | +€55,911 | +61.2% |
| Trade receivables | 40 | €15,489 | €19,740 | +€4,251 | +27.4% |
| Other amounts receivable | 41 | €75,813 | €127,473 | +€51,660 | +68.1% |
| Cash at bank and in hand | 54/58 | €18,248 | €119,955 | +€101,707 | +557% |
| Deferred charges and accrued income | 490/1 | €85 | €232 | +€147 | +174% |
| Total equity and liabilities | 10/49 | €144,674 | €274,564 | +€129,890 | +89.8% |
| Equity | 10/15 | -€21,006 | €140,852 | +€161,858 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,341 | €134,486 | +€71,145 | +112% |
| Tax-exempt reserves | 132 | €2,486 | €2,486 | = | 0.0% |
| Distributable reserves | 133 | €60,855 | €132,000 | +€71,145 | +117% |
| Profit (loss) carried forward | 14 | -€90,546 | €166 | +€90,713 | |
| Amounts payable | 17/49 | €165,680 | €133,712 | -€31,968 | -19.3% |
| Amounts payable after more than one year | 17 | €76,070 | €51,603 | -€24,467 | -32.2% |
| Financial debts | 170/4 | €76,070 | €51,603 | -€24,467 | -32.2% |
| Amounts payable within one year | 42/48 | €89,305 | €81,855 | -€7,451 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €26,775 | €25,606 | -€1,170 | -4.4% |
| Financial debts | 43 | €656 | €4,735 | +€4,079 | +622% |
| Credit institutions | 430/8 | €656 | €4,735 | +€4,079 | +622% |
| Trade debts | 44 | €3,271 | €1,119 | -€2,152 | -65.8% |
| Suppliers | 440/4 | €3,271 | €1,119 | -€2,152 | -65.8% |
| Taxes, remuneration and social security | 45 | €58,603 | €19,539 | -€39,064 | -66.7% |
| Taxes | 450/3 | €58,603 | €19,539 | -€39,064 | -66.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €30,855 | +€30,855 | |
| Accrued charges and deferred income | 492/3 | €305 | €254 | -€51 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €891 | -€153 | -14.6% |
| Other operating charges | 640/8 | €27,425 | €14,054 | -€13,371 | -48.8% |
| Gross operating margin | 9900 | €75,513 | €281,909 | +€206,395 | +273% |
| Operating profit (loss) | 9901 | €47,045 | €266,965 | +€219,919 | +467% |
| Financial income | 75/76B | €4,250 | €5,653 | +€1,403 | +33.0% |
| Recurring financial income | 75 | €4,250 | €5,653 | +€1,403 | +33.0% |
| Financial charges | 65/66B | €133,256 | €5,365 | -€127,891 | -96.0% |
| Recurring financial charges | 65 | €6,405 | €5,365 | -€1,040 | -16.2% |
| Non-recurring financial charges | 66B | €126,851 | €0 | -€126,851 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€81,961 | €267,252 | +€349,213 | |
| Income taxes | 67/77 | €14,139 | €74,539 | +€60,400 | +427% |
| Profit (loss) for the period | 9904 | -€96,100 | €192,713 | +€288,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,100 | €192,713 | +€288,813 |
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 21 October 2026 via checked.be.