CRN: 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.
CRN
Largest movements
- Tangible fixed assets +€62,708
new in 2025: €62,708
- Cash +€38,672
up €38,672 (+101.2%), from €38,232 to €76,904
mainly Trade debts (+€49,773) and Debts after one year (+€36,773)
- Financial fixed assets +€5,000
new in 2025: €5,000
- Receivables within one year +€4,096
up €4,096 (+3.4%), from €118,839 to €122,935
of which Trade receivables: +€19,821
- Deferred charges and accrued income +€3,826
new in 2025: €3,826
- Trade debts +€49,773
up €49,773 (+705.3%), from €7,057 to €56,830
- Debts after one year +€36,773
new in 2025: €36,773
- Reserves +€24,303
up €24,303 (+21.5%), from €113,273 to €137,576
- Current portion of long-term debt +€8,127
new in 2025: €8,127
- Tax, wage and social debts -€4,675
down €4,675 (-14.7%), from €31,741 to €27,066
of which Taxes: -€8,604
- Staff costs +€18,105
new in 2025: €18,105
- Gross operating margin -€13,094
down €13,094 (-20.0%), from €65,489 to €52,395
- Taxes -€5,896
down €5,896 (-44.8%), from €13,152 to €7,256
- Depreciation +€1,765
up €1,765, from €0 to €1,765
- Other operating charges +€1,531
up €1,531 (+303.0%), from €505 to €2,037
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 | €157,071 | €271,372 | +€114,301 | +72.8% |
| Fixed assets | 21/28 | - | €67,708 | +€67,708 | |
| Tangible fixed assets | 22/27 | - | €62,708 | +€62,708 | |
| Furniture and vehicles | 24 | - | €62,708 | +€62,708 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €157,071 | €203,665 | +€46,593 | +29.7% |
| Amounts receivable within one year | 40/41 | €118,839 | €122,935 | +€4,096 | +3.4% |
| Trade receivables | 40 | €76,984 | €96,805 | +€19,821 | +25.7% |
| Other amounts receivable | 41 | €41,855 | €26,130 | -€15,725 | -37.6% |
| Cash at bank and in hand | 54/58 | €38,232 | €76,904 | +€38,672 | +101.2% |
| Deferred charges and accrued income | 490/1 | - | €3,826 | +€3,826 | |
| Total equity and liabilities | 10/49 | €157,071 | €271,372 | +€114,301 | +72.8% |
| Equity | 10/15 | €118,273 | €142,576 | +€24,303 | +20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,273 | €137,576 | +€24,303 | +21.5% |
| Distributable reserves | 133 | €113,273 | €137,576 | +€24,303 | +21.5% |
| Amounts payable | 17/49 | €38,798 | €128,796 | +€89,998 | +232.0% |
| Amounts payable after more than one year | 17 | - | €36,773 | +€36,773 | |
| Financial debts | 170/4 | - | €36,773 | +€36,773 | |
| Amounts payable within one year | 42/48 | €38,798 | €92,023 | +€53,225 | +137.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,127 | +€8,127 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,057 | €56,830 | +€49,773 | +705.3% |
| Suppliers | 440/4 | €7,057 | €56,830 | +€49,773 | +705.3% |
| Taxes, remuneration and social security | 45 | €31,741 | €27,066 | -€4,675 | -14.7% |
| Taxes | 450/3 | €31,741 | €23,137 | -€8,604 | -27.1% |
| Remuneration and social security | 454/9 | - | €3,929 | +€3,929 | |
| Remuneration, social security and pensions | 62 | - | €18,105 | +€18,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,765 | +€1,765 | |
| Other operating charges | 640/8 | €505 | €2,037 | +€1,531 | +303.0% |
| Gross operating margin | 9900 | €65,489 | €52,395 | -€13,094 | -20.0% |
| Operating profit (loss) | 9901 | €64,984 | €30,488 | -€34,496 | -53.1% |
| Financial income | 75/76B | €1 | €1,286 | +€1,285 | +257014.0% |
| Recurring financial income | 75 | €1 | €1,286 | +€1,285 | +257014.0% |
| Financial charges | 65/66B | €770 | €215 | -€555 | -72.1% |
| Recurring financial charges | 65 | €770 | €215 | -€555 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €64,215 | €31,559 | -€32,656 | -50.9% |
| Income taxes | 67/77 | €13,152 | €7,256 | -€5,896 | -44.8% |
| Profit (loss) for the period | 9904 | €51,063 | €24,303 | -€26,760 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,063 | €24,303 | -€26,760 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.