Croissant Development: 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.
Croissant Development
Largest movements
- Stocks and contracts +€734,869
up €734,869 (+75.7%), from €971,190 to €1.7m
- Receivables within one year +€305,000
up €305,000 (+171.0%), from €178,342 to €483,342
of which Other amounts receivable: +€462,224
- Short-term financial debts +€1.3m
new in 2025: €1.3m
- Debts after one year -€521,644
down €521,644 (-47.6%), from €1.1m to €575,386
- Tax, wage and social debts +€339,539
new in 2025: €339,539
- Trade debts -€34,509
down €34,509 (-20.3%), from €169,670 to €135,160
- Profit (loss) carried forward -€28,158
down €28,158 (-43.2%), from -€65,165 to -€93,323
- Gross operating margin -€81,425
down €81,425, from €52,304 to -€29,121
- Other operating charges -€66,820
down €66,820 (-96.7%), from €69,088 to €2,268
- Financial income +€3,615
new in 2025: €3,615
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 | €1,257,250 | €2,318,613 | +€1.1m | +84.4% |
| Current assets | 29/58 | €1,257,250 | €2,318,613 | +€1.1m | +84.4% |
| Stocks and contracts in progress | 3 | €971,190 | €1,706,059 | +€734,869 | +75.7% |
| Stocks | 30/36 | €971,190 | €1,706,059 | +€734,869 | +75.7% |
| Amounts receivable within one year | 40/41 | €178,342 | €483,342 | +€305,000 | +171.0% |
| Trade receivables | 40 | €157,224 | €0 | -€157,224 | -100.0% |
| Other amounts receivable | 41 | €21,118 | €483,342 | +€462,224 | +2188.7% |
| Cash at bank and in hand | 54/58 | €99,457 | €120,872 | +€21,415 | +21.5% |
| Deferred charges and accrued income | 490/1 | €8,261 | €8,340 | +€78 | +0.9% |
| Total equity and liabilities | 10/49 | €1,257,250 | €2,318,613 | +€1.1m | +84.4% |
| Equity | 10/15 | -€15,165 | -€43,323 | -€28,158 | -185.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,165 | -€93,323 | -€28,158 | -43.2% |
| Amounts payable | 17/49 | €1,272,415 | €2,361,936 | +€1.1m | +85.6% |
| Amounts payable after more than one year | 17 | €1,097,030 | €575,386 | -€521,644 | -47.6% |
| Financial debts | 170/4 | €1,097,030 | €575,386 | -€521,644 | -47.6% |
| Amounts payable within one year | 42/48 | €169,670 | €1,778,301 | +€1.6m | +948.1% |
| Financial debts | 43 | - | €1,303,602 | +€1.3m | |
| Credit institutions | 430/8 | - | €1,303,602 | +€1.3m | |
| Trade debts | 44 | €169,670 | €135,160 | -€34,509 | -20.3% |
| Suppliers | 440/4 | €169,670 | €135,160 | -€34,509 | -20.3% |
| Taxes, remuneration and social security | 45 | - | €339,539 | +€339,539 | |
| Taxes | 450/3 | - | €339,539 | +€339,539 | |
| Accrued charges and deferred income | 492/3 | €5,716 | €8,248 | +€2,532 | +44.3% |
| Other operating charges | 640/8 | €69,088 | €2,268 | -€66,820 | -96.7% |
| Gross operating margin | 9900 | €52,304 | -€29,121 | -€81,425 | |
| Operating profit (loss) | 9901 | -€16,783 | -€31,389 | -€14,605 | -87.0% |
| Financial income | 75/76B | - | €3,615 | +€3,615 | |
| Recurring financial income | 75 | - | €3,615 | +€3,615 | |
| Financial charges | 65/66B | €446 | €385 | -€62 | -13.8% |
| Recurring financial charges | 65 | €446 | €385 | -€62 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,229 | -€28,158 | -€10,929 | -63.4% |
| Profit (loss) for the period | 9904 | -€17,229 | -€28,158 | -€10,929 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,229 | -€28,158 | -€10,929 | -63.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.