CRM LAW: what changed
CRM LAW
Largest movements
- Current investments +€50,467
up €50,467 (+126%), from €40,178 to €90,645
- Cash +€23,067
up €23,067 (+126%), from €18,329 to €41,396
mainly Other debts (+€100,959) and Net result for the year (+€53,859)
- Receivables within one year -€22,840
down €22,840 (-42.4%), from €53,862 to €31,022
of which Trade receivables: -€26,692
- Other debts +€100,959
up €100,959 (+1,962%), from €5,147 to €106,106
- Reserves -€57,000
down €57,000 (-81.7%), from €69,772 to €12,772
- Tax, wage and social debts +€23,225
up €23,225 (+66.6%), from €34,875 to €58,100
of which Remuneration and social security: +€18,019
- Trade debts -€12,051
down €12,051 (-77.3%), from €15,588 to €3,537
- Debts after one year -€3,613
down €3,613 (-3.8%), from €95,720 to €92,107
- Gross operating margin -€23,898
down €23,898 (-22.5%), from €106,217 to €82,319
- Taxes -€7,826
down €7,826 (-28.5%), from €27,452 to €19,626
- Financial charges -€2,414
down €2,414 (-32.7%), from €7,376 to €4,962
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 | €225,564 | €278,094 | +€52,530 | +23.3% |
| Fixed assets | 21/28 | €112,924 | €115,000 | +€2,076 | +1.8% |
| Tangible fixed assets | 22/27 | €111,274 | €113,350 | +€2,076 | +1.9% |
| Land and buildings | 22 | €111,274 | €108,683 | -€2,591 | -2.3% |
| Furniture and vehicles | 24 | - | €4,667 | +€4,667 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €112,640 | €163,093 | +€50,453 | +44.8% |
| Amounts receivable within one year | 40/41 | €53,862 | €31,022 | -€22,840 | -42.4% |
| Trade receivables | 40 | €50,395 | €23,703 | -€26,692 | -53.0% |
| Other amounts receivable | 41 | €3,467 | €7,319 | +€3,852 | +111% |
| Current investments | 50/53 | €40,178 | €90,645 | +€50,467 | +126% |
| Cash at bank and in hand | 54/58 | €18,329 | €41,396 | +€23,067 | +126% |
| Deferred charges and accrued income | 490/1 | €271 | €30 | -€241 | -88.9% |
| Total equity and liabilities | 10/49 | €225,564 | €278,094 | +€52,530 | +23.3% |
| Equity | 10/15 | €70,772 | €14,631 | -€56,141 | -79.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €69,772 | €12,772 | -€57,000 | -81.7% |
| Distributable reserves | 133 | €69,772 | €12,772 | -€57,000 | -81.7% |
| Profit (loss) carried forward | 14 | - | €859 | +€859 | |
| Amounts payable | 17/49 | €154,792 | €263,463 | +€108,671 | +70.2% |
| Amounts payable after more than one year | 17 | €95,720 | €92,107 | -€3,613 | -3.8% |
| Financial debts | 170/4 | €95,720 | €92,107 | -€3,613 | -3.8% |
| Amounts payable within one year | 42/48 | €59,072 | €171,356 | +€112,284 | +190% |
| Current portion of amounts payable after more than one year | 42 | €3,462 | €3,613 | +€151 | +4.4% |
| Trade debts | 44 | €15,588 | €3,537 | -€12,051 | -77.3% |
| Suppliers | 440/4 | €15,588 | €3,537 | -€12,051 | -77.3% |
| Taxes, remuneration and social security | 45 | €34,875 | €58,100 | +€23,225 | +66.6% |
| Taxes | 450/3 | €34,875 | €40,081 | +€5,206 | +14.9% |
| Remuneration and social security | 454/9 | - | €18,019 | +€18,019 | |
| Other amounts payable | 47/48 | €5,147 | €106,106 | +€100,959 | +1,962% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €3,191 | +€600 | +23.2% |
| Other operating charges | 640/8 | €387 | €1,048 | +€661 | +171% |
| Gross operating margin | 9900 | €106,217 | €82,319 | -€23,898 | -22.5% |
| Operating profit (loss) | 9901 | €103,239 | €78,080 | -€25,159 | -24.4% |
| Financial income | 75/76B | €1,060 | €367 | -€693 | -65.4% |
| Recurring financial income | 75 | €1,060 | €367 | -€693 | -65.4% |
| Financial charges | 65/66B | €7,376 | €4,962 | -€2,414 | -32.7% |
| Recurring financial charges | 65 | €7,376 | €4,962 | -€2,414 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €96,923 | €73,485 | -€23,438 | -24.2% |
| Income taxes | 67/77 | €27,452 | €19,626 | -€7,826 | -28.5% |
| Profit (loss) for the period | 9904 | €69,471 | €53,859 | -€15,612 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,471 | €53,859 | -€15,612 | -22.5% |
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 7 November 2026 via checked.be.