CRO'VETTES: 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'VETTES
Largest movements
- Receivables within one year +€58,034
up €58,034 (+78.2%), from €74,229 to €132,263
of which Trade receivables: +€37,573
- Stocks and contracts +€37,383
up €37,383 (+181.3%), from €20,616 to €57,999
- Tangible fixed assets -€32,830
down €32,830 (-27.2%), from €120,683 to €87,853
of which Plant, machinery and equipment: -€44,394
- Cash +€8,236
up €8,236 (+6.1%), from €134,914 to €143,150
mainly Depreciation (+€36,028) and Net result for the year (+€19,967)
- Profit (loss) carried forward +€19,967
up €19,967 (+8.0%), from €249,222 to €269,189
- Tax, wage and social debts +€15,719
up €15,719 (+96.5%), from €16,291 to €32,010
of which Taxes: +€8,679
- Debts after one year +€13,853
up €13,853 (+31.2%), from €44,423 to €58,276
- Trade debts +€9,219
up €9,219 (+109.2%), from €8,443 to €17,662
- Current portion of long-term debt +€8,670
up €8,670 (+51.0%), from €16,993 to €25,663
- Gross operating margin +€52,947
up €52,947 (+22.9%), from €231,530 to €284,477
- Staff costs +€37,937
up €37,937 (+22.2%), from €170,523 to €208,460
- Taxes +€4,638
up €4,638 (+159.9%), from €2,899 to €7,537
- Depreciation -€4,516
down €4,516 (-11.1%), from €40,544 to €36,028
- Financial charges +€4,027
up €4,027 (+140.8%), from €2,860 to €6,887
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 | €356,491 | €433,136 | +€76,645 | +21.5% |
| Fixed assets | 21/28 | €120,683 | €91,340 | -€29,343 | -24.3% |
| Intangible fixed assets | 21 | - | €1,987 | +€1,987 | |
| Tangible fixed assets | 22/27 | €120,683 | €87,853 | -€32,830 | -27.2% |
| Plant, machinery and equipment | 23 | €57,741 | €13,346 | -€44,394 | -76.9% |
| Furniture and vehicles | 24 | €44,157 | €59,906 | +€15,749 | +35.7% |
| Other tangible fixed assets | 26 | €18,786 | €14,601 | -€4,184 | -22.3% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €235,809 | €341,796 | +€105,988 | +44.9% |
| Stocks and contracts in progress | 3 | €20,616 | €57,999 | +€37,383 | +181.3% |
| Stocks | 30/36 | €20,616 | €57,999 | +€37,383 | +181.3% |
| Amounts receivable within one year | 40/41 | €74,229 | €132,263 | +€58,034 | +78.2% |
| Trade receivables | 40 | €68,258 | €105,831 | +€37,573 | +55.0% |
| Other amounts receivable | 41 | €5,971 | €26,432 | +€20,461 | +342.7% |
| Cash at bank and in hand | 54/58 | €134,914 | €143,150 | +€8,236 | +6.1% |
| Deferred charges and accrued income | 490/1 | €6,050 | €8,385 | +€2,335 | +38.6% |
| Total equity and liabilities | 10/49 | €356,491 | €433,136 | +€76,645 | +21.5% |
| Equity | 10/15 | €269,682 | €289,649 | +€19,967 | +7.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,222 | €269,189 | +€19,967 | +8.0% |
| Amounts payable | 17/49 | €86,810 | €143,487 | +€56,678 | +65.3% |
| Amounts payable after more than one year | 17 | €44,423 | €58,276 | +€13,853 | +31.2% |
| Financial debts | 170/4 | €44,423 | €58,276 | +€13,853 | +31.2% |
| Amounts payable within one year | 42/48 | €41,971 | €76,706 | +€34,735 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €16,993 | €25,663 | +€8,670 | +51.0% |
| Trade debts | 44 | €8,443 | €17,662 | +€9,219 | +109.2% |
| Suppliers | 440/4 | €8,443 | €17,662 | +€9,219 | +109.2% |
| Taxes, remuneration and social security | 45 | €16,291 | €32,010 | +€15,719 | +96.5% |
| Taxes | 450/3 | - | €8,679 | +€8,679 | |
| Remuneration and social security | 454/9 | €16,291 | €23,331 | +€7,040 | +43.2% |
| Other amounts payable | 47/48 | €244 | €1,371 | +€1,127 | +461.6% |
| Accrued charges and deferred income | 492/3 | €416 | €8,506 | +€8,090 | +1944.6% |
| Remuneration, social security and pensions | 62 | €170,523 | €208,460 | +€37,937 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,544 | €36,028 | -€4,516 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,703 | - | -€2,703 | |
| Other operating charges | 640/8 | €2,102 | €1,930 | -€171 | -8.2% |
| Non-recurring operating charges | 66A | - | €4,568 | +€4,568 | |
| Gross operating margin | 9900 | €231,530 | €284,477 | +€52,947 | +22.9% |
| Operating profit (loss) | 9901 | €15,658 | €33,491 | +€17,833 | +113.9% |
| Financial income | 75/76B | €92 | €900 | +€808 | +877.7% |
| Recurring financial income | 75 | €92 | €900 | +€808 | +877.7% |
| Financial charges | 65/66B | €2,860 | €6,887 | +€4,027 | +140.8% |
| Recurring financial charges | 65 | €2,860 | €6,887 | +€4,027 | +140.8% |
| Profit (loss) for the period before taxes | 9903 | €12,890 | €27,504 | +€14,614 | +113.4% |
| Income taxes | 67/77 | €2,899 | €7,537 | +€4,638 | +159.9% |
| Profit (loss) for the period | 9904 | €9,991 | €19,967 | +€9,976 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,991 | €19,967 | +€9,976 | +99.9% |
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.