CRO: 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.
CRO
Largest movements
- Receivables within one year -€12,684
down €12,684 (-40.5%), from €31,335 to €18,651
of which Other amounts receivable: -€21,353
- Tangible fixed assets -€8,192
down €8,192 (-13.0%), from €63,219 to €55,027
of which Plant, machinery and equipment: -€7,282
- Cash -€6,446
down €6,446 (-19.1%), from €33,770 to €27,324
mainly Contributions, distributions and other (-€15,500) and Trade debts (-€7,819)
- Reserves -€15,500
down €15,500 (-36.5%), from €42,480 to €26,980
- Other debts +€14,725
up €14,725 (+30,051%), from €49 to €14,774
- Trade debts -€7,819
down €7,819 (-57.3%), from €13,642 to €5,823
- Debts after one year -€5,727
down €5,727 (-19.1%), from €29,943 to €24,216
- Advances received -€5,030
no longer reported in 2025 (was €5,030)
- Gross operating margin -€60,228
down €60,228 (-32.1%), from €187,779 to €127,551
- Staff costs -€53,511
down €53,511 (-32.1%), from €166,833 to €113,322
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.
Derived cash bridge
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 | €143,606 | €117,442 | -€26,164 | -18.2% |
| Fixed assets | 21/28 | €63,219 | €55,027 | -€8,192 | -13.0% |
| Tangible fixed assets | 22/27 | €63,219 | €55,027 | -€8,192 | -13.0% |
| Plant, machinery and equipment | 23 | €56,014 | €48,732 | -€7,282 | -13.0% |
| Furniture and vehicles | 24 | €7,205 | €6,295 | -€910 | -12.6% |
| Current assets | 29/58 | €80,387 | €62,415 | -€17,972 | -22.4% |
| Stocks and contracts in progress | 3 | €13,336 | €14,350 | +€1,014 | +7.6% |
| Stocks | 30/36 | €13,336 | €14,350 | +€1,014 | +7.6% |
| Amounts receivable within one year | 40/41 | €31,335 | €18,651 | -€12,684 | -40.5% |
| Trade receivables | 40 | €9,982 | €18,651 | +€8,669 | +86.8% |
| Other amounts receivable | 41 | €21,353 | - | -€21,353 | |
| Cash at bank and in hand | 54/58 | €33,770 | €27,324 | -€6,446 | -19.1% |
| Deferred charges and accrued income | 490/1 | €1,946 | €2,090 | +€144 | +7.4% |
| Total equity and liabilities | 10/49 | €143,606 | €117,442 | -€26,164 | -18.2% |
| Equity | 10/15 | €66,005 | €47,942 | -€18,063 | -27.4% |
| Contributions | 10/11 | €29,425 | €29,425 | = | 0.0% |
| Reserves | 13 | €42,480 | €26,980 | -€15,500 | -36.5% |
| Distributable reserves | 133 | €42,480 | €26,980 | -€15,500 | -36.5% |
| Profit (loss) carried forward | 14 | -€5,900 | -€8,463 | -€2,563 | -43.4% |
| Amounts payable | 17/49 | €77,601 | €69,500 | -€8,101 | -10.4% |
| Amounts payable after more than one year | 17 | €29,943 | €24,216 | -€5,727 | -19.1% |
| Financial debts | 170/4 | €29,943 | €24,216 | -€5,727 | -19.1% |
| Amounts payable within one year | 42/48 | €47,605 | €45,278 | -€2,327 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €5,502 | €5,727 | +€225 | +4.1% |
| Trade debts | 44 | €13,642 | €5,823 | -€7,819 | -57.3% |
| Suppliers | 440/4 | €13,642 | €5,823 | -€7,819 | -57.3% |
| Advances received on contracts in progress | 46 | €5,030 | - | -€5,030 | |
| Taxes, remuneration and social security | 45 | €23,382 | €18,954 | -€4,428 | -18.9% |
| Taxes | 450/3 | €6,375 | €10,395 | +€4,020 | +63.1% |
| Remuneration and social security | 454/9 | €17,007 | €8,559 | -€8,448 | -49.7% |
| Other amounts payable | 47/48 | €49 | €14,774 | +€14,725 | +30,051% |
| Accrued charges and deferred income | 492/3 | €53 | €6 | -€47 | -88.7% |
| Remuneration, social security and pensions | 62 | €166,833 | €113,322 | -€53,511 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,444 | €10,101 | -€1,343 | -11.7% |
| Other operating charges | 640/8 | €1,594 | €1,386 | -€208 | -13.0% |
| Gross operating margin | 9900 | €187,779 | €127,551 | -€60,228 | -32.1% |
| Operating profit (loss) | 9901 | €7,908 | €2,742 | -€5,166 | -65.3% |
| Financial income | 75/76B | €265 | €55 | -€210 | -79.2% |
| Recurring financial income | 75 | €265 | €55 | -€210 | -79.2% |
| Financial charges | 65/66B | €6,171 | €4,603 | -€1,568 | -25.4% |
| Recurring financial charges | 65 | €6,171 | €4,603 | -€1,568 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €2,002 | -€1,806 | -€3,808 | |
| Income taxes | 67/77 | €165 | €757 | +€592 | +359% |
| Profit (loss) for the period | 9904 | €1,837 | -€2,563 | -€4,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,837 | -€2,563 | -€4,400 |
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 19 October 2026 via checked.be.