CROES: 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.
CROES
Largest movements
- Receivables within one year +€41,430
up €41,430 (+18.9%), from €218,874 to €260,304
- Tangible fixed assets -€33,903
down €33,903 (-4.6%), from €729,223 to €695,320
- Cash +€10,666
up €10,666 (+22.2%), from €48,103 to €58,769
mainly Depreciation (+€33,903) and Net result for the year (+€17,556)
- Reserves +€17,556
up €17,556 (+7.5%), from €232,751 to €250,307
of which Distributable reserves: +€17,556
- Gross operating margin -€10,125
down €10,125 (-13.3%), from €76,304 to €66,178
- Financial income +€3,274
up €3,274 (+151.9%), from €2,156 to €5,430
- Taxes -€1,528
down €1,528 (-18.9%), from €8,104 to €6,576
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €996,201 | €1,014,393 | +€18,192 | +1.8% |
| Fixed assets | 21/28 | €729,223 | €695,320 | -€33,903 | -4.6% |
| Tangible fixed assets | 22/27 | €729,223 | €695,320 | -€33,903 | -4.6% |
| Land and buildings | 22 | €729,223 | €695,320 | -€33,903 | -4.6% |
| Current assets | 29/58 | €266,977 | €319,073 | +€52,096 | +19.5% |
| Amounts receivable within one year | 40/41 | €218,874 | €260,304 | +€41,430 | +18.9% |
| Other amounts receivable | 41 | €218,874 | €260,304 | +€41,430 | +18.9% |
| Cash at bank and in hand | 54/58 | €48,103 | €58,769 | +€10,666 | +22.2% |
| Total equity and liabilities | 10/49 | €996,201 | €1,014,393 | +€18,192 | +1.8% |
| Equity | 10/15 | €922,751 | €940,307 | +€17,556 | +1.9% |
| Contributions | 10/11 | €690,000 | €690,000 | = | 0.0% |
| Reserves | 13 | €232,751 | €250,307 | +€17,556 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,021 | €33,021 | = | 0.0% |
| Distributable reserves | 133 | €197,870 | €215,426 | +€17,556 | +8.9% |
| Amounts payable | 17/49 | €73,450 | €74,086 | +€636 | +0.9% |
| Amounts payable within one year | 42/48 | €68,950 | €69,586 | +€636 | +0.9% |
| Trade debts | 44 | €3,520 | €1,952 | -€1,568 | -44.6% |
| Suppliers | 440/4 | €3,520 | €1,952 | -€1,568 | -44.6% |
| Taxes, remuneration and social security | 45 | €12,476 | €14,680 | +€2,204 | +17.7% |
| Taxes | 450/3 | €12,476 | €14,680 | +€2,204 | +17.7% |
| Other amounts payable | 47/48 | €52,954 | €52,954 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,500 | €4,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,903 | €33,903 | = | 0.0% |
| Other operating charges | 640/8 | €13,811 | €13,441 | -€370 | -2.7% |
| Gross operating margin | 9900 | €76,304 | €66,178 | -€10,125 | -13.3% |
| Operating profit (loss) | 9901 | €28,589 | €18,834 | -€9,755 | -34.1% |
| Financial income | 75/76B | €2,156 | €5,430 | +€3,274 | +151.9% |
| Recurring financial income | 75 | €2,156 | €5,430 | +€3,274 | +151.9% |
| Financial charges | 65/66B | €378 | €131 | -€247 | -65.4% |
| Recurring financial charges | 65 | €378 | €131 | -€247 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €30,367 | €24,133 | -€6,234 | -20.5% |
| Income taxes | 67/77 | €8,104 | €6,576 | -€1,528 | -18.9% |
| Profit (loss) for the period | 9904 | €22,263 | €17,556 | -€4,706 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,263 | €17,556 | -€4,706 | -21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.