CROGGE: 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.
CROGGE
Largest movements
- Receivables within one year +€30,460
up €30,460 (+118.6%), from €25,693 to €56,152
of which Trade receivables: +€25,773
- Cash -€10,459
down €10,459 (-47.5%), from €22,029 to €11,570
mainly Receivables within one year (-€30,460) and Advances received (-€17,059)
- Tangible fixed assets -€6,549
down €6,549 (-12.4%), from €52,944 to €46,395
of which Leasing and similar rights: -€10,496
- Stocks and contracts -€5,214
down €5,214 (-23.8%), from €21,908 to €16,694
- Deferred charges and accrued income +€3,476
up €3,476 (+149.2%), from €2,329 to €5,804
- Profit (loss) carried forward +€31,721
up €31,721 (+102.0%), from €31,093 to €62,814
- Advances received -€17,059
down €17,059 (-68.2%), from €25,000 to €7,941
- Debts after one year -€10,745
down €10,745 (-36.7%), from €29,306 to €18,561
- Tax, wage and social debts +€7,670
up €7,670 (+215.2%), from €3,565 to €11,235
of which Remuneration and social security: +€5,527
- Trade debts -€1,835
down €1,835 (-21.2%), from €8,670 to €6,836
- Gross operating margin +€83,121
up €83,121 (+239.3%), from €34,733 to €117,854
- Staff costs +€43,846
up €43,846 (+583.6%), from €7,513 to €51,359
- Taxes +€10,717
up €10,717 (+608.1%), from €1,762 to €12,479
- Financial charges -€1,195
down €1,195 (-20.7%), from €5,777 to €4,582
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,753 | €137,041 | +€11,288 | +9.0% |
| Formation expenses | 20 | €851 | €425 | -€425 | -50.0% |
| Fixed assets | 21/28 | €52,944 | €46,395 | -€6,549 | -12.4% |
| Tangible fixed assets | 22/27 | €52,944 | €46,395 | -€6,549 | -12.4% |
| Plant, machinery and equipment | 23 | €5,314 | €10,594 | +€5,280 | +99.3% |
| Furniture and vehicles | 24 | €9,787 | €8,455 | -€1,333 | -13.6% |
| Leasing and similar rights | 25 | €37,842 | €27,347 | -€10,496 | -27.7% |
| Current assets | 29/58 | €71,959 | €90,221 | +€18,262 | +25.4% |
| Stocks and contracts in progress | 3 | €21,908 | €16,694 | -€5,214 | -23.8% |
| Stocks | 30/36 | €21,908 | €16,694 | -€5,214 | -23.8% |
| Amounts receivable within one year | 40/41 | €25,693 | €56,152 | +€30,460 | +118.6% |
| Trade receivables | 40 | €16,478 | €42,250 | +€25,773 | +156.4% |
| Other amounts receivable | 41 | €9,215 | €13,902 | +€4,687 | +50.9% |
| Cash at bank and in hand | 54/58 | €22,029 | €11,570 | -€10,459 | -47.5% |
| Deferred charges and accrued income | 490/1 | €2,329 | €5,804 | +€3,476 | +149.2% |
| Total equity and liabilities | 10/49 | €125,753 | €137,041 | +€11,288 | +9.0% |
| Equity | 10/15 | €49,093 | €80,814 | +€31,721 | +64.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,093 | €62,814 | +€31,721 | +102.0% |
| Amounts payable | 17/49 | €76,660 | €56,227 | -€20,433 | -26.7% |
| Amounts payable after more than one year | 17 | €29,306 | €18,561 | -€10,745 | -36.7% |
| Financial debts | 170/4 | €29,306 | €18,561 | -€10,745 | -36.7% |
| Amounts payable within one year | 42/48 | €47,346 | €37,667 | -€9,680 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €10,047 | €10,745 | +€698 | +6.9% |
| Trade debts | 44 | €8,670 | €6,836 | -€1,835 | -21.2% |
| Suppliers | 440/4 | €8,670 | €6,836 | -€1,835 | -21.2% |
| Advances received on contracts in progress | 46 | €25,000 | €7,941 | -€17,059 | -68.2% |
| Taxes, remuneration and social security | 45 | €3,565 | €11,235 | +€7,670 | +215.2% |
| Taxes | 450/3 | €901 | €3,043 | +€2,143 | +237.9% |
| Remuneration and social security | 454/9 | €2,664 | €8,191 | +€5,527 | +207.5% |
| Other amounts payable | 47/48 | €64 | €910 | +€846 | +1322.4% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €7,513 | €51,359 | +€43,846 | +583.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,901 | €15,728 | -€173 | -1.1% |
| Other operating charges | 640/8 | €2,493 | €1,993 | -€501 | -20.1% |
| Gross operating margin | 9900 | €34,733 | €117,854 | +€83,121 | +239.3% |
| Operating profit (loss) | 9901 | €8,826 | €48,774 | +€39,948 | +452.6% |
| Financial income | 75/76B | €4 | €8 | +€4 | +114.4% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +114.4% |
| Financial charges | 65/66B | €5,777 | €4,582 | -€1,195 | -20.7% |
| Recurring financial charges | 65 | €5,777 | €4,582 | -€1,195 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €3,053 | €44,200 | +€41,147 | +1347.9% |
| Income taxes | 67/77 | €1,762 | €12,479 | +€10,717 | +608.1% |
| Profit (loss) for the period | 9904 | €1,290 | €31,721 | +€30,431 | +2358.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,290 | €31,721 | +€30,431 | +2358.1% |
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.