Croisé Management: 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.
Croisé Management
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Receivables within one year -€23,396
down €23,396 (-49.2%), from €47,530 to €24,134
of which Trade receivables: -€46,100
- Cash -€14,309
down €14,309 (-19.7%), from €72,540 to €58,230
mainly Other debts (-€171,203) and Current investments (-€25,000)
- Other debts -€171,203
down €171,203 (-49.9%), from €343,059 to €171,855
- Profit (loss) carried forward +€163,238
up €163,238 (+63.5%), from -€257,097 to -€93,859
- Tax, wage and social debts -€2,361
down €2,361 (-17.2%), from €13,753 to €11,392
- Accrued charges and deferred income -€1,734
down €1,734 (-98.6%), from €1,758 to €25
- Staff costs -€2,640
no longer reported in 2025 (was €2,640)
- Gross operating margin -€1,743
down €1,743 (-1.0%), from €166,456 to €164,713
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 | €120,441 | €108,886 | -€11,555 | -9.6% |
| Fixed assets | 21/28 | €372 | €1,435 | +€1,063 | +286% |
| Tangible fixed assets | 22/27 | €255 | €1,318 | +€1,063 | +417% |
| Furniture and vehicles | 24 | €255 | €1,318 | +€1,063 | +417% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €120,070 | €107,451 | -€12,618 | -10.5% |
| Amounts receivable within one year | 40/41 | €47,530 | €24,134 | -€23,396 | -49.2% |
| Trade receivables | 40 | €47,530 | €1,430 | -€46,100 | -97.0% |
| Other amounts receivable | 41 | - | €22,704 | +€22,704 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €72,540 | €58,230 | -€14,309 | -19.7% |
| Deferred charges and accrued income | 490/1 | - | €88 | +€88 | |
| Total equity and liabilities | 10/49 | €120,441 | €108,886 | -€11,555 | -9.6% |
| Equity | 10/15 | -€238,497 | -€75,259 | +€163,238 | +68.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,097 | -€93,859 | +€163,238 | +63.5% |
| Amounts payable | 17/49 | €358,938 | €184,145 | -€174,793 | -48.7% |
| Amounts payable within one year | 42/48 | €357,179 | €184,120 | -€173,059 | -48.5% |
| Trade debts | 44 | €368 | €874 | +€506 | +137% |
| Suppliers | 440/4 | €368 | €874 | +€506 | +137% |
| Taxes, remuneration and social security | 45 | €13,753 | €11,392 | -€2,361 | -17.2% |
| Taxes | 450/3 | €13,753 | €11,392 | -€2,361 | -17.2% |
| Other amounts payable | 47/48 | €343,059 | €171,855 | -€171,203 | -49.9% |
| Accrued charges and deferred income | 492/3 | €1,758 | €25 | -€1,734 | -98.6% |
| Remuneration, social security and pensions | 62 | €2,640 | - | -€2,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €893 | +€613 | +219% |
| Other operating charges | 640/8 | €358 | €453 | +€94 | +26.2% |
| Gross operating margin | 9900 | €166,456 | €164,713 | -€1,743 | -1.0% |
| Operating profit (loss) | 9901 | €163,177 | €163,368 | +€191 | +0.1% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €196 | €194 | -€2 | -1.3% |
| Recurring financial charges | 65 | €196 | €194 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €162,981 | €163,263 | +€282 | +0.2% |
| Income taxes | 67/77 | - | €25 | +€25 | |
| Profit (loss) for the period | 9904 | €162,981 | €163,238 | +€257 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,981 | €163,238 | +€257 | +0.2% |
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 28 October 2026 via checked.be.