CROFTLAND: 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
CROFTLAND
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,720
2024 · -€11,019-€16,701
Equity
€1.8m
2024 · €1.8m-€34,020
Cash
€68,387
2024 · €60,747+€7,641
Balance sheet total
€4.0m
2024 · €4.1m-€123,484
Largest movements
Assets
- Tangible fixed assets -€132,524
down €132,524 (-3.3%), from €4.0m to €3.9m
of which Land and buildings: -€113,274
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges +€40,274
up €40,274 (+148%), from €27,132 to €67,406
- Gross operating margin +€31,210
up €31,210 (+20.9%), from €149,612 to €180,821
- Depreciation +€7,737
up €7,737 (+6.2%), from €124,787 to €132,524
- Other operating charges +€6,223
up €6,223 (+56.4%), from €11,032 to €17,255
- Taxes -€6,160
down €6,160 (-44.7%), from €13,779 to €7,619
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
-€11,019
Gross operating margin
+€31,210
Depreciation
-€7,737
Other operating charges
-€6,223
Financial income
-€66
Financial charges
-€40,274
Taxes
+€6,160
Deferred taxes and other
+€229
Result 2025
-€27,720
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€55,278
Investment
€0
Financing
-€47,637
Cash 2024
€60,747
From operations (derived)
+€55,278
Net result for the year
-€27,720
Depreciation
+€132,524
Deferred charges and accrued income
-€1,399
Provisions
-€16,098
Trade debts
-€3,559
Tax, wage and social debts
-€6,209
Other debts
+€4,597
Accrued charges and deferred income
-€26,857
Financing
-€47,637
Debts after one year
-€25,462
Current portion of long-term debt
-€15,875
Contributions, distributions and other
-€6,300
Cash 2025
€68,387
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,090,264 | €3,966,780 | -€123,484 | -3.0% |
| Fixed assets | 21/28 | €4,029,517 | €3,896,993 | -€132,524 | -3.3% |
| Tangible fixed assets | 22/27 | €4,029,517 | €3,896,993 | -€132,524 | -3.3% |
| Land and buildings | 22 | €3,966,902 | €3,853,628 | -€113,274 | -2.9% |
| Furniture and vehicles | 24 | €62,615 | €43,365 | -€19,250 | -30.7% |
| Current assets | 29/58 | €60,747 | €69,786 | +€9,040 | +14.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €60,747 | €68,387 | +€7,641 | +12.6% |
| Deferred charges and accrued income | 490/1 | - | €1,399 | +€1,399 | |
| Total equity and liabilities | 10/49 | €4,090,264 | €3,966,780 | -€123,484 | -3.0% |
| Equity | 10/15 | €1,828,195 | €1,794,174 | -€34,020 | -1.9% |
| Contributions | 10/11 | €24,850 | €18,550 | -€6,300 | -25.4% |
| Reserves | 13 | €1,803,345 | €1,775,624 | -€27,720 | -1.5% |
| Non-distributable reserves | 130/1 | €3,755 | €3,755 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,755 | €3,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,451,884 | €1,403,589 | -€48,295 | -3.3% |
| Distributable reserves | 133 | €347,705 | €368,280 | +€20,575 | +5.9% |
| Provisions and deferred taxes | 16 | €483,961 | €467,863 | -€16,098 | -3.3% |
| Deferred taxes | 168 | €483,961 | €467,863 | -€16,098 | -3.3% |
| Amounts payable | 17/49 | €1,778,108 | €1,704,743 | -€73,365 | -4.1% |
| Amounts payable after more than one year | 17 | €1,250,513 | €1,225,051 | -€25,462 | -2.0% |
| Financial debts | 170/4 | €1,250,263 | €1,225,051 | -€25,212 | -2.0% |
| Other amounts payable | 178/9 | €250 | €0 | -€250 | -100% |
| Amounts payable within one year | 42/48 | €500,737 | €479,691 | -€21,046 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €108,055 | €92,180 | -€15,875 | -14.7% |
| Trade debts | 44 | €6,447 | €2,887 | -€3,559 | -55.2% |
| Suppliers | 440/4 | €6,447 | €2,887 | -€3,559 | -55.2% |
| Taxes, remuneration and social security | 45 | €13,779 | €7,570 | -€6,209 | -45.1% |
| Taxes | 450/3 | €13,779 | €7,570 | -€6,209 | -45.1% |
| Other amounts payable | 47/48 | €372,457 | €377,054 | +€4,597 | +1.2% |
| Accrued charges and deferred income | 492/3 | €26,857 | €0 | -€26,857 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,787 | €132,524 | +€7,737 | +6.2% |
| Other operating charges | 640/8 | €11,032 | €17,255 | +€6,223 | +56.4% |
| Gross operating margin | 9900 | €149,612 | €180,821 | +€31,210 | +20.9% |
| Operating profit (loss) | 9901 | €13,793 | €31,043 | +€17,249 | +125% |
| Financial income | 75/76B | €230 | €164 | -€66 | -28.6% |
| Recurring financial income | 75 | €230 | €164 | -€66 | -28.6% |
| Financial charges | 65/66B | €27,132 | €67,406 | +€40,274 | +148% |
| Recurring financial charges | 65 | €27,132 | €67,406 | +€40,274 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€13,109 | -€36,200 | -€23,090 | -176% |
| Transfer from deferred taxes | 780 | €15,869 | €16,098 | +€229 | +1.4% |
| Income taxes | 67/77 | €13,779 | €7,619 | -€6,160 | -44.7% |
| Profit (loss) for the period | 9904 | -€11,019 | -€27,720 | -€16,701 | -152% |
| Transfer from tax-exempt reserves | 789 | €47,607 | €48,295 | +€688 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,588 | €20,575 | -€16,013 | -43.8% |
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 14 October 2026 via checked.be.