CROES: 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.
What changed
CROES
NACE 43.120, Site preparation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.8m+€375,746
Equity
€8.6m
2024 · €8.3m+€337,424
Cash
€1.8m
2024 · €1.6m+€275,648
Balance sheet total
€17.9m
2024 · €16.8m+€1.1m
Largest movements
Assets
- Receivables within one year +€589,923
up €589,923 (+9.5%), from €6.2m to €6.8m
of which Trade receivables: +€490,236
- Tangible fixed assets +€523,480
up €523,480 (+13.9%), from €3.8m to €4.3m
of which Plant, machinery and equipment: +€509,537
- Current investments -€321,893
down €321,893 (-18.1%), from €1.8m to €1.5m
- Cash +€275,648
up €275,648 (+17.6%), from €1.6m to €1.8m
mainly Net result for the year (+€2.2m) and Depreciation (+€1.4m)
Equity and liabilities
- Trade debts +€730,085
up €730,085 (+16.5%), from €4.4m to €5.2m
- Other debts +€319,981
up €319,981 (+20.2%), from €1.6m to €1.9m
- Profit (loss) carried forward +€301,615
up €301,615 (+20.5%), from €1.5m to €1.8m
- Advances received -€252,000
down €252,000 (-37.7%), from €668,000 to €416,000
Income statement
- Turnover +€4.0m
up €4.0m (+15.9%), from €25.3m to €29.4m
- Goods and materials +€2.6m
up €2.6m (+21.4%), from €12.3m to €14.9m
of which Purchases: +€2.6m
- Services and other goods +€903,570
up €903,570 (+12.1%), from €7.5m to €8.4m
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.
Result 2024
€1.8m
Turnover
+€4.0m
Other operating income
+€107,508
Goods and materials
-€2.6m
Services and other goods
-€903,570
Staff costs
-€142,244
Depreciation
-€169,138
Write-downs
-€70,074
Other operating charges
+€60,419
Other operating items
+€115,368
Financial income
-€3,317
Financial charges
+€10,409
Taxes
-€31,460
Deferred taxes and other
-€2,410
Result 2025
€2.2m
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.
From operations
+€3.7m
Investment
-€1.6m
Financing
-€1.9m
Cash 2024
€1.6m
From operations (derived)
+€3.7m
Net result for the year
+€2.2m
Depreciation
+€1.4m
Smaller working-capital items
+€2,727
Stocks and contracts
+€14,175
Receivables within one year
-€589,923
Deferred charges and accrued income
-€49,326
Trade debts
+€730,085
Tax, wage and social debts
-€63,525
Advances received
-€252,000
Other debts
+€319,981
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.9m
Current investments
+€321,893
Financing
-€1.9m
Debts after one year
-€18,992
Current portion of long-term debt
+€27,796
Contributions, distributions and other
-€1.9m
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,815,782 | €17,894,250 | +€1.1m | +6.4% |
| Fixed assets | 21/28 | €4,918,442 | €5,423,108 | +€504,666 | +10.3% |
| Intangible fixed assets | 21 | €44,848 | €24,794 | -€20,054 | -44.7% |
| Tangible fixed assets | 22/27 | €3,757,577 | €4,281,057 | +€523,480 | +13.9% |
| Land and buildings | 22 | €148,420 | €148,420 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,431,134 | €1,940,670 | +€509,537 | +35.6% |
| Furniture and vehicles | 24 | €1,414,803 | €1,205,491 | -€209,312 | -14.8% |
| Leasing and similar rights | 25 | €763,221 | €986,477 | +€223,256 | +29.3% |
| Financial fixed assets | 28 | €1,116,017 | €1,117,257 | +€1,239 | +0.1% |
| Companies linked by participating interests | 282/3 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts receivable | 283 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €16,017 | €17,257 | +€1,239 | +7.7% |
| Amounts receivable and cash guarantees | 285/8 | €16,017 | €17,257 | +€1,239 | +7.7% |
| Current assets | 29/58 | €11,897,340 | €12,471,142 | +€573,801 | +4.8% |
| Amounts receivable after more than one year | 29 | €2,295,425 | €2,290,399 | -€5,027 | -0.2% |
| Other amounts receivable | 291 | €2,295,425 | €2,290,399 | -€5,027 | -0.2% |
| Stocks and contracts in progress | 3 | €32,025 | €17,850 | -€14,175 | -44.3% |
| Stocks | 30/36 | €32,025 | €17,850 | -€14,175 | -44.3% |
| Raw materials and consumables | 30/31 | €32,025 | €17,850 | -€14,175 | -44.3% |
| Amounts receivable within one year | 40/41 | €6,225,227 | €6,815,151 | +€589,923 | +9.5% |
| Trade receivables | 40 | €5,916,689 | €6,406,925 | +€490,236 | +8.3% |
| Other amounts receivable | 41 | €308,538 | €408,226 | +€99,688 | +32.3% |
| Current investments | 50/53 | €1,774,612 | €1,452,719 | -€321,893 | -18.1% |
| Other investments | 51/53 | €1,774,612 | €1,452,719 | -€321,893 | -18.1% |
| Cash at bank and in hand | 54/58 | €1,569,022 | €1,844,669 | +€275,648 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,028 | €50,354 | +€49,326 | +4797.2% |
| Total equity and liabilities | 10/49 | €16,815,782 | €17,894,250 | +€1.1m | +6.4% |
| Equity | 10/15 | €8,298,163 | €8,635,586 | +€337,424 | +4.1% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €6,758,489 | €6,755,370 | -€3,119 | 0.0% |
| Non-distributable reserves | 130/1 | €6,900 | €6,900 | = | 0.0% |
| Legal reserve | 130 | €6,900 | €6,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,869 | €18,750 | -€3,119 | -14.3% |
| Distributable reserves | 133 | €6,729,720 | €6,729,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,470,673 | €1,772,288 | +€301,615 | +20.5% |
| Investment grants | 15 | - | €38,928 | +€38,928 | |
| Provisions and deferred taxes | 16 | €1,040 | - | -€1,040 | |
| Deferred taxes | 168 | €1,040 | - | -€1,040 | |
| Amounts payable | 17/49 | €8,516,580 | €9,258,664 | +€742,084 | +8.7% |
| Amounts payable after more than one year | 17 | €1,005,780 | €986,788 | -€18,992 | -1.9% |
| Financial debts | 170/4 | €987,749 | €964,896 | -€22,853 | -2.3% |
| Leasing and similar obligations | 172 | €534,095 | €682,051 | +€147,956 | +27.7% |
| Credit institutions | 173 | €453,654 | €282,845 | -€170,809 | -37.7% |
| Other amounts payable | 178/9 | €18,031 | €21,892 | +€3,861 | +21.4% |
| Amounts payable within one year | 42/48 | €7,509,540 | €8,271,876 | +€762,336 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €565,983 | €593,779 | +€27,796 | +4.9% |
| Trade debts | 44 | €4,436,652 | €5,166,737 | +€730,085 | +16.5% |
| Suppliers | 440/4 | €4,436,652 | €5,166,737 | +€730,085 | +16.5% |
| Advances received on contracts in progress | 46 | €668,000 | €416,000 | -€252,000 | -37.7% |
| Taxes, remuneration and social security | 45 | €254,261 | €190,736 | -€63,525 | -25.0% |
| Taxes | 450/3 | €62,162 | €87,643 | +€25,481 | +41.0% |
| Remuneration and social security | 454/9 | €192,100 | €103,093 | -€89,006 | -46.3% |
| Other amounts payable | 47/48 | €1,584,644 | €1,904,624 | +€319,981 | +20.2% |
| Accrued charges and deferred income | 492/3 | €1,260 | - | -€1,260 | |
| Operating income | 70/76A | €25,973,890 | €30,231,387 | +€4.3m | +16.4% |
| Turnover | 70 | €25,336,157 | €29,370,778 | +€4.0m | +15.9% |
| Other operating income | 74 | €242,304 | €349,812 | +€107,508 | +44.4% |
| Non-recurring operating income | 76A | €395,429 | €510,797 | +€115,368 | +29.2% |
| Operating charges | 60/66A | €24,119,014 | €27,973,987 | +€3.9m | +16.0% |
| Goods for resale, raw materials and consumables | 60 | €12,290,286 | €14,920,653 | +€2.6m | +21.4% |
| Purchases | 600/8 | €12,288,211 | €14,906,478 | +€2.6m | +21.3% |
| Change in stocks: decrease (increase) | 609 | €2,075 | €14,175 | +€12,100 | +583.1% |
| Services and other goods | 61 | €7,459,535 | €8,363,104 | +€903,570 | +12.1% |
| Remuneration, social security and pensions | 62 | €3,050,157 | €3,192,401 | +€142,244 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222,341 | €1,391,479 | +€169,138 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€59,892 | €10,182 | +€70,074 | |
| Other operating charges | 640/8 | €156,586 | €96,168 | -€60,419 | -38.6% |
| Operating profit (loss) | 9901 | €1,854,876 | €2,257,400 | +€402,524 | +21.7% |
| Financial income | 75/76B | €200,291 | €196,974 | -€3,317 | -1.7% |
| Recurring financial income | 75 | €200,291 | €196,974 | -€3,317 | -1.7% |
| Income from financial fixed assets | 750 | €141,643 | €135,655 | -€5,988 | -4.2% |
| Income from current assets | 751 | €31,931 | €34,536 | +€2,605 | +8.2% |
| Other financial income | 752/9 | €26,717 | €26,783 | +€66 | +0.2% |
| Financial charges | 65/66B | €88,162 | €77,753 | -€10,409 | -11.8% |
| Recurring financial charges | 65 | €88,162 | €77,753 | -€10,409 | -11.8% |
| Debt charges | 650 | €88,018 | €67,883 | -€20,135 | -22.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€9,446 | - | +€9,446 | |
| Other financial charges | 652/9 | €9,590 | €9,870 | +€280 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €1,967,005 | €2,376,622 | +€409,617 | +20.8% |
| Transfer from deferred taxes | 780 | €3,450 | €1,040 | -€2,410 | -69.9% |
| Income taxes | 67/77 | €143,081 | €174,541 | +€31,460 | +22.0% |
| Taxes | 670/3 | €146,932 | €174,541 | +€27,610 | +18.8% |
| Tax adjustments and reversals of tax provisions | 77 | €3,850 | - | -€3,850 | |
| Profit (loss) for the period | 9904 | €1,827,374 | €2,203,120 | +€375,746 | +20.6% |
| Transfer from tax-exempt reserves | 789 | €10,350 | €3,119 | -€7,231 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,837,724 | €2,206,239 | +€368,516 | +20.1% |
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 10 October 2026 via checked.be.