CRIT.: what changed
CRIT.
Largest movements
- Cash -€110,145
down €110,145 (-37.4%), from €294,661 to €184,517
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€96,447)
- Receivables within one year +€96,447
up €96,447 (+209%), from €46,048 to €142,495
of which Trade receivables: +€87,018
- Tangible fixed assets -€11,521
down €11,521 (-3.6%), from €317,523 to €306,002
of which Furniture and vehicles: -€9,155
- Other debts +€120,000
up €120,000 (+1,600%), from €7,500 to €127,500
- Reserves -€117,724
down €117,724 (-34.8%), from €338,541 to €220,816
of which Distributable reserves: -€117,724
- Trade debts -€12,845
down €12,845 (-46.3%), from €27,739 to €14,893
- Debts after one year -€9,897
down €9,897 (-3.9%), from €254,340 to €244,443
- Tax, wage and social debts -€6,982
down €6,982 (-30.0%), from €23,274 to €16,293
- Gross operating margin -€98,186
down €98,186 (-63.8%), from €153,919 to €55,733
- Taxes -€26,575
down €26,575 (-84.9%), from €31,314 to €4,739
- Depreciation +€5,683
up €5,683 (+22.1%), from €25,681 to €31,364
- Other operating charges +€3,000
up €3,000 (+82.2%), from €3,648 to €6,648
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,451 | €640,132 | -€28,320 | -4.2% |
| Fixed assets | 21/28 | €326,989 | €311,622 | -€15,367 | -4.7% |
| Tangible fixed assets | 22/27 | €317,523 | €306,002 | -€11,521 | -3.6% |
| Land and buildings | 22 | €286,551 | €286,102 | -€449 | -0.2% |
| Plant, machinery and equipment | 23 | €1,918 | - | -€1,918 | |
| Furniture and vehicles | 24 | €29,055 | €19,900 | -€9,155 | -31.5% |
| Financial fixed assets | 28 | €9,466 | €5,620 | -€3,845 | -40.6% |
| Current assets | 29/58 | €341,462 | €328,510 | -€12,953 | -3.8% |
| Amounts receivable within one year | 40/41 | €46,048 | €142,495 | +€96,447 | +209% |
| Trade receivables | 40 | €37,117 | €124,135 | +€87,018 | +234% |
| Other amounts receivable | 41 | €8,930 | €18,359 | +€9,429 | +106% |
| Cash at bank and in hand | 54/58 | €294,661 | €184,517 | -€110,145 | -37.4% |
| Deferred charges and accrued income | 490/1 | €753 | €1,498 | +€745 | +99.0% |
| Total equity and liabilities | 10/49 | €668,451 | €640,132 | -€28,320 | -4.2% |
| Equity | 10/15 | €344,741 | €227,016 | -€117,724 | -34.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €338,541 | €220,816 | -€117,724 | -34.8% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Distributable reserves | 133 | €338,451 | €220,727 | -€117,724 | -34.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €323,711 | €413,115 | +€89,405 | +27.6% |
| Amounts payable after more than one year | 17 | €254,340 | €244,443 | -€9,897 | -3.9% |
| Financial debts | 170/4 | €254,340 | €244,443 | -€9,897 | -3.9% |
| Amounts payable within one year | 42/48 | €68,027 | €168,583 | +€100,556 | +148% |
| Current portion of amounts payable after more than one year | 42 | €9,514 | €9,897 | +€383 | +4.0% |
| Trade debts | 44 | €27,739 | €14,893 | -€12,845 | -46.3% |
| Suppliers | 440/4 | €27,739 | €14,893 | -€12,845 | -46.3% |
| Taxes, remuneration and social security | 45 | €23,274 | €16,293 | -€6,982 | -30.0% |
| Taxes | 450/3 | €23,274 | €16,293 | -€6,982 | -30.0% |
| Other amounts payable | 47/48 | €7,500 | €127,500 | +€120,000 | +1,600% |
| Accrued charges and deferred income | 492/3 | €1,344 | €90 | -€1,254 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,681 | €31,364 | +€5,683 | +22.1% |
| Other operating charges | 640/8 | €3,648 | €6,648 | +€3,000 | +82.2% |
| Gross operating margin | 9900 | €153,919 | €55,733 | -€98,186 | -63.8% |
| Operating profit (loss) | 9901 | €124,590 | €17,721 | -€106,870 | -85.8% |
| Financial income | 75/76B | €657 | €541 | -€116 | -17.7% |
| Recurring financial income | 75 | €657 | €541 | -€116 | -17.7% |
| Financial charges | 65/66B | €11,817 | €11,247 | -€570 | -4.8% |
| Recurring financial charges | 65 | €11,817 | €11,247 | -€570 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €113,430 | €7,015 | -€106,416 | -93.8% |
| Income taxes | 67/77 | €31,314 | €4,739 | -€26,575 | -84.9% |
| Profit (loss) for the period | 9904 | €82,116 | €2,276 | -€79,841 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,116 | €2,276 | -€79,841 | -97.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.