CROITOR: 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.
CROITOR
Largest movements
- Receivables within one year -€177,996
down €177,996 (-33.2%), from €535,884 to €357,888
of which Trade receivables: -€102,078
- Tangible fixed assets -€62,338
down €62,338 (-61.7%), from €101,113 to €38,775
of which Furniture and vehicles: -€53,559
- Cash -€8,137
down €8,137 (-21.6%), from €37,722 to €29,585
mainly Current portion of long-term debt (-€83,530) and Contributions, distributions and other (-€80,000)
- Current portion of long-term debt -€83,530
down €83,530 (-67.6%), from €123,581 to €40,051
- Trade debts -€73,968
down €73,968 (-40.6%), from €182,317 to €108,349
- Profit (loss) carried forward -€65,282
down €65,282 (-29.2%), from €223,598 to €158,316
- Debts after one year -€32,320
no longer reported in 2025 (was €32,320)
- Tax, wage and social debts -€11,614
down €11,614 (-26.2%), from €44,300 to €32,686
- Purchases and services -€1.5m
down €1.5m (-61.4%), from €2.4m to €913,109
- Turnover -€1.4m
down €1.4m (-59.6%), from €2.4m to €980,492
- Gross operating margin -€24,745
down €24,745 (-21.5%), from €115,179 to €90,434
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 | €686,625 | €434,569 | -€252,057 | -36.7% |
| Fixed assets | 21/28 | €105,623 | €43,285 | -€62,338 | -59.0% |
| Tangible fixed assets | 22/27 | €101,113 | €38,775 | -€62,338 | -61.7% |
| Plant, machinery and equipment | 23 | €13,155 | €4,376 | -€8,779 | -66.7% |
| Furniture and vehicles | 24 | €87,958 | €34,399 | -€53,559 | -60.9% |
| Financial fixed assets | 28 | €4,510 | €4,510 | = | 0.0% |
| Current assets | 29/58 | €581,002 | €391,283 | -€189,718 | -32.7% |
| Amounts receivable within one year | 40/41 | €535,884 | €357,888 | -€177,996 | -33.2% |
| Trade receivables | 40 | €335,357 | €233,279 | -€102,078 | -30.4% |
| Other amounts receivable | 41 | €200,528 | €124,610 | -€75,918 | -37.9% |
| Cash at bank and in hand | 54/58 | €37,722 | €29,585 | -€8,137 | -21.6% |
| Deferred charges and accrued income | 490/1 | €7,395 | €3,810 | -€3,586 | -48.5% |
| Total equity and liabilities | 10/49 | €686,625 | €434,569 | -€252,057 | -36.7% |
| Equity | 10/15 | €250,458 | €185,176 | -€65,282 | -26.1% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,598 | €158,316 | -€65,282 | -29.2% |
| Amounts payable | 17/49 | €436,167 | €249,392 | -€186,775 | -42.8% |
| Amounts payable after more than one year | 17 | €32,320 | - | -€32,320 | |
| Financial debts | 170/4 | €32,320 | - | -€32,320 | |
| Amounts payable within one year | 42/48 | €403,847 | €249,392 | -€154,455 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €123,581 | €40,051 | -€83,530 | -67.6% |
| Financial debts | 43 | €4,649 | €12,306 | +€7,657 | +165% |
| Credit institutions | 430/8 | €4,649 | €12,306 | +€7,657 | +165% |
| Trade debts | 44 | €182,317 | €108,349 | -€73,968 | -40.6% |
| Suppliers | 440/4 | €182,317 | €108,349 | -€73,968 | -40.6% |
| Taxes, remuneration and social security | 45 | €44,300 | €32,686 | -€11,614 | -26.2% |
| Taxes | 450/3 | €44,300 | €32,686 | -€11,614 | -26.2% |
| Other amounts payable | 47/48 | €49,000 | €56,000 | +€7,000 | +14.3% |
| Turnover | 70 | €2,429,964 | €980,492 | -€1.4m | -59.6% |
| Non-recurring operating income | 76A | €42,170 | €23,050 | -€19,120 | -45.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,367,066 | €913,109 | -€1.5m | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,593 | €48,345 | -€22,248 | -31.5% |
| Other operating charges | 640/8 | €7,410 | €4,578 | -€2,831 | -38.2% |
| Non-recurring operating charges | 66A | - | €16,961 | +€16,961 | |
| Gross operating margin | 9900 | €115,179 | €90,434 | -€24,745 | -21.5% |
| Operating profit (loss) | 9901 | €37,176 | €20,548 | -€16,628 | -44.7% |
| Financial income | 75/76B | €11,267 | €11,213 | -€54 | -0.5% |
| Recurring financial income | 75 | €11,267 | €11,213 | -€54 | -0.5% |
| Financial charges | 65/66B | €10,906 | €11,654 | +€748 | +6.9% |
| Recurring financial charges | 65 | €10,906 | €11,654 | +€748 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €37,537 | €20,108 | -€17,429 | -46.4% |
| Income taxes | 67/77 | €9,235 | €5,389 | -€3,846 | -41.6% |
| Profit (loss) for the period | 9904 | €28,302 | €14,718 | -€13,583 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,302 | €14,718 | -€13,583 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.