CRF EXPRESS GARE: 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 EXPRESS GARE
Largest movements
- Receivables within one year +€475,820
up €475,820 (+212%), from €224,643 to €700,463
of which Trade receivables: +€414,772
- Cash +€130,623
up €130,623 (+204%), from €63,941 to €194,564
mainly Other debts (+€328,743) and Net result for the year (+€328,093)
- Tangible fixed assets +€100,844
up €100,844 (+24.8%), from €407,315 to €508,159
of which Furniture and vehicles: +€68,376
- Deferred charges and accrued income -€48,125
down €48,125 (-68.9%), from €69,849 to €21,724
- Stocks and contracts +€22,387
up €22,387 (+28.3%), from €79,088 to €101,475
- Other debts +€328,743
new in 2025: €328,743
- Trade debts +€183,558
up €183,558, from €0 to €183,558
- Tax, wage and social debts +€123,429
new in 2025: €123,429
of which Taxes: +€116,214
- Advances received +€44,175
new in 2025: €44,175
- Debts after one year -€24,800
down €24,800 (-7.8%), from €319,564 to €294,764
- Gross operating margin -€182,098
down €182,098 (-19.9%), from €913,399 to €731,301
- Staff costs -€172,552
down €172,552 (-50.5%), from €341,907 to €169,355
- Depreciation +€16,745
up €16,745 (+34.6%), from €48,409 to €65,154
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 | €849,314 | €1,530,364 | +€681,050 | +80.2% |
| Formation expenses | 20 | €4,478 | €3,978 | -€500 | -11.2% |
| Fixed assets | 21/28 | €407,315 | €508,159 | +€100,844 | +24.8% |
| Tangible fixed assets | 22/27 | €407,315 | €508,159 | +€100,844 | +24.8% |
| Plant, machinery and equipment | 23 | €398,653 | €380,750 | -€17,903 | -4.5% |
| Furniture and vehicles | 24 | €8,662 | €77,038 | +€68,376 | +789% |
| Other tangible fixed assets | 26 | - | €50,371 | +€50,371 | |
| Current assets | 29/58 | €437,521 | €1,018,226 | +€580,705 | +133% |
| Stocks and contracts in progress | 3 | €79,088 | €101,475 | +€22,387 | +28.3% |
| Stocks | 30/36 | €79,088 | €101,475 | +€22,387 | +28.3% |
| Amounts receivable within one year | 40/41 | €224,643 | €700,463 | +€475,820 | +212% |
| Trade receivables | 40 | €86,061 | €500,833 | +€414,772 | +482% |
| Other amounts receivable | 41 | €138,582 | €199,631 | +€61,049 | +44.1% |
| Cash at bank and in hand | 54/58 | €63,941 | €194,564 | +€130,623 | +204% |
| Deferred charges and accrued income | 490/1 | €69,849 | €21,724 | -€48,125 | -68.9% |
| Total equity and liabilities | 10/49 | €849,314 | €1,530,364 | +€681,050 | +80.2% |
| Equity | 10/15 | €475,410 | €475,410 | +€0 | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | - | -€100,000 | |
| Share premium | 1100/10 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €375,410 | €375,410 | +€0 | 0.0% |
| Distributable reserves | 133 | €375,410 | €375,410 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €373,904 | €1,054,954 | +€681,050 | +182% |
| Amounts payable after more than one year | 17 | €319,564 | €294,764 | -€24,800 | -7.8% |
| Financial debts | 170/4 | €319,564 | €294,764 | -€24,800 | -7.8% |
| Amounts payable within one year | 42/48 | €54,340 | €748,053 | +€693,713 | +1,277% |
| Current portion of amounts payable after more than one year | 42 | €54,340 | €68,147 | +€13,807 | +25.4% |
| Trade debts | 44 | €0 | €183,558 | +€183,558 | |
| Suppliers | 440/4 | €0 | €183,558 | +€183,558 | |
| Advances received on contracts in progress | 46 | - | €44,175 | +€44,175 | |
| Taxes, remuneration and social security | 45 | - | €123,429 | +€123,429 | |
| Taxes | 450/3 | - | €116,214 | +€116,214 | |
| Remuneration and social security | 454/9 | - | €7,215 | +€7,215 | |
| Other amounts payable | 47/48 | - | €328,743 | +€328,743 | |
| Accrued charges and deferred income | 492/3 | - | €12,136 | +€12,136 | |
| Remuneration, social security and pensions | 62 | €341,907 | €169,355 | -€172,552 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,409 | €65,154 | +€16,745 | +34.6% |
| Other operating charges | 640/8 | €619 | €7,613 | +€6,994 | +1,130% |
| Non-recurring operating charges | 66A | €1,000 | €20,000 | +€19,000 | +1,900% |
| Gross operating margin | 9900 | €913,399 | €731,301 | -€182,098 | -19.9% |
| Operating profit (loss) | 9901 | €521,464 | €469,178 | -€52,286 | -10.0% |
| Financial income | 75/76B | €9,628 | €17,520 | +€7,892 | +82.0% |
| Recurring financial income | 75 | €9,628 | €17,520 | +€7,892 | +82.0% |
| Financial charges | 65/66B | €48,297 | €42,391 | -€5,906 | -12.2% |
| Recurring financial charges | 65 | €48,297 | €42,391 | -€5,906 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €482,795 | €444,307 | -€38,488 | -8.0% |
| Income taxes | 67/77 | €107,385 | €116,214 | +€8,829 | +8.2% |
| Profit (loss) for the period | 9904 | €375,410 | €328,093 | -€47,317 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €375,410 | €328,093 | -€47,317 | -12.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.