CRODI: 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.
CRODI
Largest movements
- Tangible fixed assets +€48,411
up €48,411 (+2.8%), from €1.8m to €1.8m
of which Other tangible fixed assets: +€51,041
- Reserves +€266,666
up €266,666 (+14.9%), from €1.8m to €2.1m
- Trade debts -€134,823
down €134,823 (-64.7%), from €208,337 to €73,513
- Debts after one year -€61,834
down €61,834 (-18.4%), from €335,167 to €273,333
- Staff costs +€56,216
up €56,216 (+19.2%), from €293,528 to €349,744
- Taxes -€20,157
down €20,157 (-15.0%), from €134,136 to €113,979
- Gross operating margin +€19,582
up €19,582 (+2.4%), from €822,487 to €842,069
- Financial charges +€14,406
up €14,406 (+69.2%), from €20,833 to €35,239
- Depreciation +€9,187
up €9,187 (+14.4%), from €63,604 to €72,792
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 | €2,779,669 | €2,830,480 | +€50,810 | +1.8% |
| Fixed assets | 21/28 | €1,755,787 | €1,804,198 | +€48,411 | +2.8% |
| Tangible fixed assets | 22/27 | €1,754,005 | €1,802,416 | +€48,411 | +2.8% |
| Land and buildings | 22 | €1,332,600 | €1,332,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €320,772 | €318,142 | -€2,630 | -0.8% |
| Other tangible fixed assets | 26 | €100,632 | €151,673 | +€51,041 | +50.7% |
| Financial fixed assets | 28 | €1,783 | €1,783 | = | 0.0% |
| Current assets | 29/58 | €1,023,882 | €1,026,282 | +€2,399 | +0.2% |
| Stocks and contracts in progress | 3 | €214,144 | €224,691 | +€10,547 | +4.9% |
| Stocks | 30/36 | €214,144 | €224,691 | +€10,547 | +4.9% |
| Amounts receivable within one year | 40/41 | €351,657 | €323,992 | -€27,665 | -7.9% |
| Trade receivables | 40 | €47,146 | €39,215 | -€7,930 | -16.8% |
| Other amounts receivable | 41 | €304,511 | €284,777 | -€19,734 | -6.5% |
| Cash at bank and in hand | 54/58 | €450,619 | €468,129 | +€17,510 | +3.9% |
| Deferred charges and accrued income | 490/1 | €7,462 | €9,469 | +€2,007 | +26.9% |
| Total equity and liabilities | 10/49 | €2,779,669 | €2,830,480 | +€50,810 | +1.8% |
| Equity | 10/15 | €1,971,351 | €2,238,018 | +€266,666 | +13.5% |
| Contributions | 10/11 | €178,550 | €178,550 | = | 0.0% |
| Reserves | 13 | €1,792,801 | €2,059,468 | +€266,666 | +14.9% |
| Distributable reserves | 133 | €1,792,801 | €2,059,468 | +€266,666 | +14.9% |
| Amounts payable | 17/49 | €808,318 | €592,462 | -€215,856 | -26.7% |
| Amounts payable after more than one year | 17 | €335,167 | €273,333 | -€61,834 | -18.4% |
| Financial debts | 170/4 | €335,167 | €273,333 | -€61,834 | -18.4% |
| Amounts payable within one year | 42/48 | €473,151 | €319,129 | -€154,022 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €66,000 | €61,834 | -€4,166 | -6.3% |
| Trade debts | 44 | €208,337 | €73,513 | -€134,823 | -64.7% |
| Suppliers | 440/4 | €208,337 | €73,513 | -€134,823 | -64.7% |
| Taxes, remuneration and social security | 45 | €62,619 | €67,392 | +€4,774 | +7.6% |
| Taxes | 450/3 | €2,638 | €2,618 | -€20 | -0.8% |
| Remuneration and social security | 454/9 | €59,981 | €64,775 | +€4,794 | +8.0% |
| Other amounts payable | 47/48 | €136,196 | €116,390 | -€19,806 | -14.5% |
| Remuneration, social security and pensions | 62 | €293,528 | €349,744 | +€56,216 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,604 | €72,792 | +€9,187 | +14.4% |
| Other operating charges | 640/8 | €3,239 | €4,763 | +€1,523 | +47.0% |
| Gross operating margin | 9900 | €822,487 | €842,069 | +€19,582 | +2.4% |
| Operating profit (loss) | 9901 | €462,116 | €414,771 | -€47,345 | -10.2% |
| Financial income | 75/76B | €1,034 | €1,114 | +€80 | +7.7% |
| Recurring financial income | 75 | €1,034 | €1,114 | +€80 | +7.7% |
| Financial charges | 65/66B | €20,833 | €35,239 | +€14,406 | +69.2% |
| Recurring financial charges | 65 | €20,833 | €35,239 | +€14,406 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €442,317 | €380,645 | -€61,672 | -13.9% |
| Income taxes | 67/77 | €134,136 | €113,979 | -€20,157 | -15.0% |
| Profit (loss) for the period | 9904 | €308,181 | €266,666 | -€41,515 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €308,181 | €266,666 | -€41,515 | -13.5% |
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 20 October 2026 via checked.be.