Croes-Beusen: 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.
Croes-Beusen
Largest movements
- Cash -€96,377
down €96,377 (-39.0%), from €247,130 to €150,753
mainly Debts after one year (-€78,195) and Trade debts (-€37,014)
- Intangible fixed assets -€11,750
down €11,750 (-28.2%), from €41,680 to €29,930
- Tangible fixed assets -€9,843
down €9,843 (-21.7%), from €45,271 to €35,428
of which Land and buildings: -€6,245
- Stocks and contracts -€9,743
down €9,743 (-4.1%), from €236,252 to €226,509
- Debts after one year -€78,195
down €78,195 (-100%), from €78,195 to €0
- Trade debts -€37,014
down €37,014 (-36.9%), from €100,255 to €63,240
- Reserves -€28,900
down €28,900 (-14.7%), from €196,232 to €167,332
- Current portion of long-term debt +€23,855
up €23,855 (+53.7%), from €44,457 to €68,312
- Tax, wage and social debts -€14,840
down €14,840 (-32.4%), from €45,841 to €31,001
of which Taxes: -€14,894
- Gross operating margin -€28,126
down €28,126 (-35.6%), from €79,095 to €50,969
- Staff costs -€6,284
down €6,284 (-13.5%), from €46,601 to €40,317
- Financial income -€1,968
down €1,968 (-44.9%), from €4,383 to €2,415
- Depreciation +€1,516
up €1,516 (+5.9%), from €25,600 to €27,116
- Financial charges -€1,424
down €1,424 (-9.8%), from €14,594 to €13,170
of which Financial charges: -€1,424
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 | €589,019 | €459,125 | -€129,893 | -22.1% |
| Fixed assets | 21/28 | €91,364 | €69,770 | -€21,593 | -23.6% |
| Intangible fixed assets | 21 | €41,680 | €29,930 | -€11,750 | -28.2% |
| Tangible fixed assets | 22/27 | €45,271 | €35,428 | -€9,843 | -21.7% |
| Land and buildings | 22 | €29,031 | €22,786 | -€6,245 | -21.5% |
| Plant, machinery and equipment | 23 | €5,932 | €1,144 | -€4,788 | -80.7% |
| Furniture and vehicles | 24 | €5,698 | €6,135 | +€438 | +7.7% |
| Other tangible fixed assets | 26 | €4,611 | €5,363 | +€752 | +16.3% |
| Financial fixed assets | 28 | €4,413 | €4,413 | = | 0.0% |
| Current assets | 29/58 | €497,655 | €389,355 | -€108,300 | -21.8% |
| Stocks and contracts in progress | 3 | €236,252 | €226,509 | -€9,743 | -4.1% |
| Stocks | 30/36 | €236,252 | €226,509 | -€9,743 | -4.1% |
| Amounts receivable within one year | 40/41 | €12,289 | €11,518 | -€771 | -6.3% |
| Trade receivables | 40 | €11,439 | €6,924 | -€4,515 | -39.5% |
| Other amounts receivable | 41 | €850 | €4,594 | +€3,744 | +441% |
| Cash at bank and in hand | 54/58 | €247,130 | €150,753 | -€96,377 | -39.0% |
| Deferred charges and accrued income | 490/1 | €1,984 | €575 | -€1,409 | -71.0% |
| Total equity and liabilities | 10/49 | €589,019 | €459,125 | -€129,893 | -22.1% |
| Equity | 10/15 | €197,232 | €168,332 | -€28,900 | -14.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €196,232 | €167,332 | -€28,900 | -14.7% |
| Distributable reserves | 133 | €196,232 | €167,332 | -€28,900 | -14.7% |
| Amounts payable | 17/49 | €391,787 | €290,793 | -€100,994 | -25.8% |
| Amounts payable after more than one year | 17 | €78,195 | €0 | -€78,195 | -100% |
| Financial debts | 170/4 | €78,195 | €0 | -€78,195 | -100% |
| Amounts payable within one year | 42/48 | €313,592 | €290,793 | -€22,798 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €44,457 | €68,312 | +€23,855 | +53.7% |
| Financial debts | 43 | €5,724 | €5,010 | -€714 | -12.5% |
| Credit institutions | 430/8 | €5,724 | €5,010 | -€714 | -12.5% |
| Trade debts | 44 | €100,255 | €63,240 | -€37,014 | -36.9% |
| Suppliers | 440/4 | €100,255 | €63,240 | -€37,014 | -36.9% |
| Taxes, remuneration and social security | 45 | €45,841 | €31,001 | -€14,840 | -32.4% |
| Taxes | 450/3 | €36,432 | €21,538 | -€14,894 | -40.9% |
| Remuneration and social security | 454/9 | €9,409 | €9,463 | +€54 | +0.6% |
| Other amounts payable | 47/48 | €117,315 | €123,230 | +€5,915 | +5.0% |
| Non-recurring operating income | 76A | €3,767 | €0 | -€3,767 | -100% |
| Remuneration, social security and pensions | 62 | €46,601 | €40,317 | -€6,284 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,600 | €27,116 | +€1,516 | +5.9% |
| Other operating charges | 640/8 | €2,129 | €1,301 | -€827 | -38.9% |
| Non-recurring operating charges | 66A | €1,965 | €0 | -€1,965 | -100% |
| Gross operating margin | 9900 | €79,095 | €50,969 | -€28,126 | -35.6% |
| Operating profit (loss) | 9901 | €2,800 | -€17,766 | -€20,566 | |
| Financial income | 75/76B | €4,383 | €2,415 | -€1,968 | -44.9% |
| Recurring financial income | 75 | €4,383 | €2,415 | -€1,968 | -44.9% |
| Financial charges | 65/66B | €14,594 | €13,170 | -€1,424 | -9.8% |
| Recurring financial charges | 65 | €14,594 | €13,170 | -€1,424 | -9.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€7,411 | -€28,521 | -€21,110 | -285% |
| Income taxes | 67/77 | €998 | €378 | -€620 | -62.1% |
| Profit (loss) for the period | 9904 | -€8,409 | -€28,900 | -€20,490 | -244% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,409 | -€28,900 | -€20,490 | -244% |
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 1 November 2026 via checked.be.