CROENEN & CO: 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.
CROENEN & CO
Largest movements
- Receivables after one year -€83,265
down €83,265 (-33.7%), from €247,180 to €163,915
- Current investments -€30,666
down €30,666 (-50.5%), from €60,755 to €30,089
- Cash +€15,402
up €15,402 (+190%), from €8,097 to €23,499
mainly Net result for the year (+€131,089) and Receivables after one year (+€83,265)
- Tangible fixed assets -€7,725
down €7,725 (-26.9%), from €28,735 to €21,011
of which Furniture and vehicles: -€6,957
- Reserves -€94,950
down €94,950 (-100%), from €94,950 to €0
- Tax, wage and social debts -€15,343
down €15,343 (-14.5%), from €105,762 to €90,419
of which Taxes: -€15,094
- Profit (loss) carried forward +€13,089
up €13,089 (+14.7%), from €88,838 to €101,927
- Current portion of long-term debt -€5,801
down €5,801 (-9.8%), from €59,132 to €53,331
- Gross operating margin -€68,490
down €68,490 (-17.3%), from €394,997 to €326,507
- Staff costs -€37,363
down €37,363 (-23.3%), from €160,161 to €122,797
- Other operating charges +€5,419
up €5,419 (+190%), from €2,846 to €8,265
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 | €412,254 | €305,838 | -€106,416 | -25.8% |
| Fixed assets | 21/28 | €29,560 | €21,836 | -€7,725 | -26.1% |
| Tangible fixed assets | 22/27 | €28,735 | €21,011 | -€7,725 | -26.9% |
| Plant, machinery and equipment | 23 | €2,848 | €2,081 | -€767 | -26.9% |
| Furniture and vehicles | 24 | €25,887 | €18,930 | -€6,957 | -26.9% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €382,693 | €284,002 | -€98,692 | -25.8% |
| Amounts receivable after more than one year | 29 | €247,180 | €163,915 | -€83,265 | -33.7% |
| Trade receivables | 290 | €247,180 | €163,915 | -€83,265 | -33.7% |
| Amounts receivable within one year | 40/41 | €62,682 | €61,498 | -€1,185 | -1.9% |
| Trade receivables | 40 | €58,511 | €58,258 | -€253 | -0.4% |
| Other amounts receivable | 41 | €4,171 | €3,240 | -€932 | -22.3% |
| Current investments | 50/53 | €60,755 | €30,089 | -€30,666 | -50.5% |
| Cash at bank and in hand | 54/58 | €8,097 | €23,499 | +€15,402 | +190% |
| Deferred charges and accrued income | 490/1 | €3,980 | €5,002 | +€1,022 | +25.7% |
| Total equity and liabilities | 10/49 | €412,254 | €305,838 | -€106,416 | -25.8% |
| Equity | 10/15 | €192,648 | €110,787 | -€81,861 | -42.5% |
| Contributions | 10/11 | €8,860 | €8,860 | = | 0.0% |
| Reserves | 13 | €94,950 | €0 | -€94,950 | -100% |
| Non-distributable reserves | 130/1 | €94,950 | €0 | -€94,950 | -100% |
| Reserves not available under the articles | 1311 | €94,950 | €0 | -€94,950 | -100% |
| Profit (loss) carried forward | 14 | €88,838 | €101,927 | +€13,089 | +14.7% |
| Amounts payable | 17/49 | €219,606 | €195,051 | -€24,555 | -11.2% |
| Amounts payable after more than one year | 17 | €5,130 | €2,096 | -€3,034 | -59.1% |
| Financial debts | 170/4 | €5,130 | €2,096 | -€3,034 | -59.1% |
| Amounts payable within one year | 42/48 | €214,476 | €192,955 | -€21,521 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €59,132 | €53,331 | -€5,801 | -9.8% |
| Trade debts | 44 | €49,582 | €49,204 | -€377 | -0.8% |
| Suppliers | 440/4 | €49,582 | €49,204 | -€377 | -0.8% |
| Taxes, remuneration and social security | 45 | €105,762 | €90,419 | -€15,343 | -14.5% |
| Taxes | 450/3 | €92,067 | €76,973 | -€15,094 | -16.4% |
| Remuneration and social security | 454/9 | €13,696 | €13,446 | -€250 | -1.8% |
| Remuneration, social security and pensions | 62 | €160,161 | €122,797 | -€37,363 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,833 | €7,725 | +€1,891 | +32.4% |
| Other operating charges | 640/8 | €2,846 | €8,265 | +€5,419 | +190% |
| Gross operating margin | 9900 | €394,997 | €326,507 | -€68,490 | -17.3% |
| Operating profit (loss) | 9901 | €226,157 | €187,720 | -€38,437 | -17.0% |
| Financial income | 75/76B | €10,999 | €10,559 | -€439 | -4.0% |
| Recurring financial income | 75 | €10,999 | €10,559 | -€439 | -4.0% |
| Financial charges | 65/66B | €6,692 | €5,031 | -€1,661 | -24.8% |
| Recurring financial charges | 65 | €6,692 | €5,031 | -€1,661 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €230,464 | €193,249 | -€37,215 | -16.1% |
| Income taxes | 67/77 | €63,241 | €62,160 | -€1,081 | -1.7% |
| Profit (loss) for the period | 9904 | €167,223 | €131,089 | -€36,134 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €167,223 | €131,089 | -€36,134 | -21.6% |
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 30 October 2026 via checked.be.