CRODEX: 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.
CRODEX
Largest movements
- Receivables within one year -€7,792
down €7,792 (-53.7%), from €14,513 to €6,721
of which Trade receivables: -€7,112
- Cash +€2,624
up €2,624 (+9.7%), from €26,921 to €29,546
mainly Receivables within one year (+€7,792) and Net result for the year (+€5,851)
- Other debts -€7,000
down €7,000 (-58.3%), from €12,000 to €5,000
- Tax, wage and social debts +€981
up €981 (+9.9%), from €9,936 to €10,917
of which Taxes: +€715
- Profit (loss) carried forward +€851
up €851 (+94.7%), from €899 to €1,750
- Gross operating margin -€14,485
down €14,485 (-23.5%), from €61,680 to €47,195
- Staff costs -€11,261
down €11,261 (-28.2%), from €39,933 to €28,672
- Other operating charges +€7,687
up €7,687 (+166.0%), from €4,631 to €12,318
- Taxes -€1,634
down €1,634 (-92.5%), from €1,766 to €132
- Depreciation -€750
no longer reported in 2025 (was €750)
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 | €41,434 | €36,267 | -€5,168 | -12.5% |
| Current assets | 29/58 | €41,434 | €36,267 | -€5,168 | -12.5% |
| Amounts receivable within one year | 40/41 | €14,513 | €6,721 | -€7,792 | -53.7% |
| Trade receivables | 40 | €13,833 | €6,721 | -€7,112 | -51.4% |
| Other amounts receivable | 41 | €680 | - | -€680 | |
| Cash at bank and in hand | 54/58 | €26,921 | €29,546 | +€2,624 | +9.7% |
| Total equity and liabilities | 10/49 | €41,434 | €36,267 | -€5,168 | -12.5% |
| Equity | 10/15 | €19,499 | €20,350 | +€851 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €899 | €1,750 | +€851 | +94.7% |
| Amounts payable | 17/49 | €21,936 | €15,917 | -€6,019 | -27.4% |
| Amounts payable within one year | 42/48 | €21,936 | €15,917 | -€6,019 | -27.4% |
| Taxes, remuneration and social security | 45 | €9,936 | €10,917 | +€981 | +9.9% |
| Taxes | 450/3 | €5,509 | €6,224 | +€715 | +13.0% |
| Remuneration and social security | 454/9 | €4,426 | €4,693 | +€267 | +6.0% |
| Other amounts payable | 47/48 | €12,000 | €5,000 | -€7,000 | -58.3% |
| Remuneration, social security and pensions | 62 | €39,933 | €28,672 | -€11,261 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | - | -€750 | |
| Other operating charges | 640/8 | €4,631 | €12,318 | +€7,687 | +166.0% |
| Gross operating margin | 9900 | €61,680 | €47,195 | -€14,485 | -23.5% |
| Operating profit (loss) | 9901 | €16,366 | €6,205 | -€10,161 | -62.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €214 | €222 | +€8 | +3.9% |
| Recurring financial charges | 65 | €214 | €222 | +€8 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €16,152 | €5,983 | -€10,170 | -63.0% |
| Income taxes | 67/77 | €1,766 | €132 | -€1,634 | -92.5% |
| Profit (loss) for the period | 9904 | €14,387 | €5,851 | -€8,536 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,387 | €5,851 | -€8,536 | -59.3% |
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 30 September 2026 via checked.be.