CRINOLINE: 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.
CRINOLINE
Largest movements
- Tangible fixed assets -€31,350
down €31,350 (-15.1%), from €207,053 to €175,703
of which Plant, machinery and equipment: -€28,242
- Receivables within one year -€3,207
down €3,207 (-55.2%), from €5,812 to €2,605
of which Other amounts receivable: -€3,425
- Profit (loss) carried forward -€142,533
down €142,533 (-111.0%), from -€128,425 to -€270,958
- Other debts +€120,448
up €120,448 (+38.9%), from €309,925 to €430,372
- Trade debts -€24,427
down €24,427 (-80.4%), from €30,386 to €5,959
- Tax, wage and social debts +€10,368
up €10,368 (+392.2%), from €2,643 to €13,011
of which Remuneration and social security: +€11,765
- Purchases and services +€206,087
new in 2025: €206,087
- Turnover +€145,985
new in 2025: €145,985
- Gross operating margin -€26,663
down €26,663 (-79.9%), from -€33,382 to -€60,045
- Staff costs +€22,442
up €22,442 (+92.4%), from €24,283 to €46,726
- Other operating charges +€2,702
new in 2025: €2,702
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 | €234,988 | €198,844 | -€36,144 | -15.4% |
| Fixed assets | 21/28 | €207,332 | €175,983 | -€31,350 | -15.1% |
| Tangible fixed assets | 22/27 | €207,053 | €175,703 | -€31,350 | -15.1% |
| Plant, machinery and equipment | 23 | €199,613 | €171,371 | -€28,242 | -14.1% |
| Furniture and vehicles | 24 | €7,440 | €4,333 | -€3,107 | -41.8% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €27,656 | €22,861 | -€4,795 | -17.3% |
| Stocks and contracts in progress | 3 | €16,446 | €14,801 | -€1,645 | -10.0% |
| Stocks | 30/36 | €16,446 | €14,801 | -€1,645 | -10.0% |
| Amounts receivable within one year | 40/41 | €5,812 | €2,605 | -€3,207 | -55.2% |
| Trade receivables | 40 | €555 | €773 | +€218 | +39.4% |
| Other amounts receivable | 41 | €5,257 | €1,832 | -€3,425 | -65.2% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,393 | €5,450 | +€57 | +1.1% |
| Total equity and liabilities | 10/49 | €234,988 | €198,844 | -€36,144 | -15.4% |
| Equity | 10/15 | -€107,966 | -€250,499 | -€142,533 | -132.0% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,425 | -€270,958 | -€142,533 | -111.0% |
| Amounts payable | 17/49 | €342,954 | €449,343 | +€106,389 | +31.0% |
| Amounts payable within one year | 42/48 | €342,954 | €449,343 | +€106,389 | +31.0% |
| Trade debts | 44 | €30,386 | €5,959 | -€24,427 | -80.4% |
| Suppliers | 440/4 | €30,386 | €5,959 | -€24,427 | -80.4% |
| Taxes, remuneration and social security | 45 | €2,643 | €13,011 | +€10,368 | +392.2% |
| Taxes | 450/3 | €1,398 | - | -€1,398 | |
| Remuneration and social security | 454/9 | €1,246 | €13,011 | +€11,765 | +944.5% |
| Other amounts payable | 47/48 | €309,925 | €430,372 | +€120,448 | +38.9% |
| Turnover | 70 | - | €145,985 | +€145,985 | |
| Non-recurring operating income | 76A | €4,038 | - | -€4,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €206,087 | +€206,087 | |
| Remuneration, social security and pensions | 62 | €24,283 | €46,726 | +€22,442 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,307 | €31,350 | +€42 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,443 | - | -€2,443 | |
| Other operating charges | 640/8 | - | €2,702 | +€2,702 | |
| Non-recurring operating charges | 66A | €12,402 | €20 | -€12,383 | -99.8% |
| Gross operating margin | 9900 | -€33,382 | -€60,045 | -€26,663 | -79.9% |
| Operating profit (loss) | 9901 | -€103,817 | -€140,842 | -€37,024 | -35.7% |
| Financial charges | 65/66B | €1,861 | €1,692 | -€169 | -9.1% |
| Recurring financial charges | 65 | €1,861 | €1,692 | -€169 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€105,678 | -€142,533 | -€36,855 | -34.9% |
| Income taxes | 67/77 | €387 | - | -€387 | |
| Profit (loss) for the period | 9904 | -€106,066 | -€142,533 | -€36,467 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,066 | -€142,533 | -€36,467 | -34.4% |
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 8 October 2026 via checked.be.