CRIVACO: 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.
CRIVACO
Largest movements
- Receivables within one year +€79,321
up €79,321 (+9.6%), from €826,154 to €905,475
of which Other amounts receivable: +€48,190
- Cash +€67,237
up €67,237 (+42.7%), from €157,434 to €224,671
mainly Net result for the year (+€145,614) and Depreciation (+€124,920)
- Stocks and contracts +€30,063
up €30,063 (+7.3%), from €410,501 to €440,564
- Reserves +€145,614
up €145,614 (+207.6%), from €70,132 to €215,746
of which Distributable reserves: +€138,333
- Debts after one year -€143,015
down €143,015 (-10.2%), from €1.4m to €1.3m
of which Financial debts: -€143,115
- Advances received +€53,438
new in 2025: €53,438
- Tax, wage and social debts +€52,905
up €52,905 (+87.5%), from €60,483 to €113,388
of which Taxes: +€52,876
- Trade debts +€52,111
up €52,111 (+18.2%), from €285,921 to €338,032
- Staff costs +€77,974
up €77,974 (+23.6%), from €330,290 to €408,264
- Gross operating margin +€36,597
up €36,597 (+5.0%), from €737,869 to €774,467
- Taxes +€20,907
up €20,907 (+3750.1%), from €558 to €21,464
- Depreciation -€12,012
down €12,012 (-8.8%), from €136,932 to €124,920
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 | €2,306,635 | €2,477,586 | +€170,952 | +7.4% |
| Formation expenses | 20 | €82 | - | -€82 | |
| Fixed assets | 21/28 | €870,243 | €863,388 | -€6,855 | -0.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €870,243 | €863,388 | -€6,855 | -0.8% |
| Land and buildings | 22 | €806,311 | €760,735 | -€45,576 | -5.7% |
| Plant, machinery and equipment | 23 | €55,544 | €73,024 | +€17,480 | +31.5% |
| Furniture and vehicles | 24 | €8,388 | €29,629 | +€21,242 | +253.2% |
| Current assets | 29/58 | €1,436,310 | €1,614,198 | +€177,888 | +12.4% |
| Stocks and contracts in progress | 3 | €410,501 | €440,564 | +€30,063 | +7.3% |
| Stocks | 30/36 | €410,501 | €440,564 | +€30,063 | +7.3% |
| Amounts receivable within one year | 40/41 | €826,154 | €905,475 | +€79,321 | +9.6% |
| Trade receivables | 40 | €304,920 | €336,051 | +€31,131 | +10.2% |
| Other amounts receivable | 41 | €521,234 | €569,424 | +€48,190 | +9.2% |
| Cash at bank and in hand | 54/58 | €157,434 | €224,671 | +€67,237 | +42.7% |
| Deferred charges and accrued income | 490/1 | €42,221 | €43,489 | +€1,268 | +3.0% |
| Total equity and liabilities | 10/49 | €2,306,635 | €2,477,586 | +€170,952 | +7.4% |
| Equity | 10/15 | €390,132 | €535,746 | +€145,614 | +37.3% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €70,132 | €215,746 | +€145,614 | +207.6% |
| Non-distributable reserves | 130/1 | €12,747 | €20,027 | +€7,281 | +57.1% |
| Legal reserve | 130 | €12,747 | €20,027 | +€7,281 | +57.1% |
| Distributable reserves | 133 | €57,385 | €195,718 | +€138,333 | +241.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,916,503 | €1,941,841 | +€25,338 | +1.3% |
| Amounts payable after more than one year | 17 | €1,403,095 | €1,260,080 | -€143,015 | -10.2% |
| Financial debts | 170/4 | €1,401,525 | €1,258,410 | -€143,115 | -10.2% |
| Other amounts payable | 178/9 | €1,570 | €1,670 | +€100 | +6.4% |
| Amounts payable within one year | 42/48 | €513,408 | €681,612 | +€168,205 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €152,944 | €154,862 | +€1,918 | +1.3% |
| Financial debts | 43 | €9 | - | -€9 | |
| Other loans | 439 | €9 | - | -€9 | |
| Trade debts | 44 | €285,921 | €338,032 | +€52,111 | +18.2% |
| Suppliers | 440/4 | €285,921 | €338,032 | +€52,111 | +18.2% |
| Advances received on contracts in progress | 46 | - | €53,438 | +€53,438 | |
| Taxes, remuneration and social security | 45 | €60,483 | €113,388 | +€52,905 | +87.5% |
| Taxes | 450/3 | €23,557 | €76,433 | +€52,876 | +224.5% |
| Remuneration and social security | 454/9 | €36,926 | €36,954 | +€29 | +0.1% |
| Other amounts payable | 47/48 | €14,052 | €21,893 | +€7,841 | +55.8% |
| Accrued charges and deferred income | 492/3 | €0 | €148 | +€148 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €330,290 | €408,264 | +€77,974 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,932 | €124,920 | -€12,012 | -8.8% |
| Other operating charges | 640/8 | €25,321 | €31,192 | +€5,870 | +23.2% |
| Non-recurring operating charges | 66A | €464 | - | -€464 | |
| Gross operating margin | 9900 | €737,869 | €774,467 | +€36,597 | +5.0% |
| Operating profit (loss) | 9901 | €244,862 | €210,091 | -€34,771 | -14.2% |
| Financial income | 75/76B | €2,190 | €2,226 | +€36 | +1.6% |
| Recurring financial income | 75 | €2,190 | €2,226 | +€36 | +1.6% |
| Financial charges | 65/66B | €51,425 | €45,239 | -€6,186 | -12.0% |
| Recurring financial charges | 65 | €51,425 | €45,239 | -€6,186 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €195,627 | €167,078 | -€28,549 | -14.6% |
| Income taxes | 67/77 | €558 | €21,464 | +€20,907 | +3750.1% |
| Profit (loss) for the period | 9904 | €195,069 | €145,614 | -€49,456 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €195,069 | €145,614 | -€49,456 | -25.4% |
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.