CROKAERT EMMANUEL: 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.
CROKAERT EMMANUEL
Largest movements
- Cash +€28,301
up €28,301 (+51.4%), from €55,095 to €83,396
mainly Net result for the year (+€96,380) and Depreciation (+€22,597)
- Receivables within one year +€23,366
up €23,366 (+5.7%), from €407,437 to €430,803
of which Trade receivables: +€15,395
- Tangible fixed assets -€22,597
down €22,597 (-25.2%), from €89,572 to €66,975
of which Furniture and vehicles: -€21,525
- Reserves +€59,380
up €59,380 (+26.6%), from €223,626 to €283,005
of which Distributable reserves: +€59,380
- Trade debts -€25,232
down €25,232 (-19.7%), from €128,338 to €103,106
- Other operating charges +€14,689
up €14,689 (+315%), from €4,659 to €19,348
- Write-downs -€12,058
down €12,058 (-3,520%), from -€343 to -€12,400
- Taxes +€10,643
up €10,643 (+29.4%), from €36,256 to €46,899
- Depreciation +€6,883
up €6,883 (+43.8%), from €15,714 to €22,597
- Gross operating margin +€6,117
up €6,117 (+3.2%), from €189,233 to €195,350
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 | €558,538 | €591,081 | +€32,543 | +5.8% |
| Fixed assets | 21/28 | €89,733 | €67,137 | -€22,597 | -25.2% |
| Tangible fixed assets | 22/27 | €89,572 | €66,975 | -€22,597 | -25.2% |
| Land and buildings | 22 | €2,975 | €2,975 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,334 | €5,262 | -€1,072 | -16.9% |
| Furniture and vehicles | 24 | €80,263 | €58,739 | -€21,525 | -26.8% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €468,805 | €523,945 | +€55,140 | +11.8% |
| Amounts receivable within one year | 40/41 | €407,437 | €430,803 | +€23,366 | +5.7% |
| Trade receivables | 40 | €296,694 | €312,089 | +€15,395 | +5.2% |
| Other amounts receivable | 41 | €110,743 | €118,714 | +€7,971 | +7.2% |
| Cash at bank and in hand | 54/58 | €55,095 | €83,396 | +€28,301 | +51.4% |
| Deferred charges and accrued income | 490/1 | €6,273 | €9,746 | +€3,472 | +55.4% |
| Total equity and liabilities | 10/49 | €558,538 | €591,081 | +€32,543 | +5.8% |
| Equity | 10/15 | €367,327 | €426,707 | +€59,380 | +16.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €223,626 | €283,005 | +€59,380 | +26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,626 | €2,626 | = | 0.0% |
| Distributable reserves | 133 | €221,000 | €280,380 | +€59,380 | +26.9% |
| Profit (loss) carried forward | 14 | €68,701 | €68,701 | = | 0.0% |
| Provisions and deferred taxes | 16 | €874 | €874 | = | 0.0% |
| Deferred taxes | 168 | €874 | €874 | = | 0.0% |
| Amounts payable | 17/49 | €190,337 | €163,501 | -€26,836 | -14.1% |
| Amounts payable within one year | 42/48 | €190,337 | €163,501 | -€26,836 | -14.1% |
| Trade debts | 44 | €128,338 | €103,106 | -€25,232 | -19.7% |
| Suppliers | 440/4 | €128,338 | €103,106 | -€25,232 | -19.7% |
| Taxes, remuneration and social security | 45 | €12,402 | €12,983 | +€581 | +4.7% |
| Taxes | 450/3 | €11,585 | €11,949 | +€364 | +3.1% |
| Remuneration and social security | 454/9 | €817 | €1,034 | +€217 | +26.6% |
| Other amounts payable | 47/48 | €49,597 | €47,411 | -€2,185 | -4.4% |
| Non-recurring operating income | 76A | €2,797 | €0 | -€2,797 | -100% |
| Remuneration, social security and pensions | 62 | €21,888 | €21,800 | -€87 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,714 | €22,597 | +€6,883 | +43.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€343 | -€12,400 | -€12,058 | -3,520% |
| Other operating charges | 640/8 | €4,659 | €19,348 | +€14,689 | +315% |
| Gross operating margin | 9900 | €189,233 | €195,350 | +€6,117 | +3.2% |
| Operating profit (loss) | 9901 | €147,315 | €144,005 | -€3,310 | -2.2% |
| Financial income | 75/76B | €0 | €1 | +€0 | +80.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +80.0% |
| Financial charges | 65/66B | €1,284 | €728 | -€556 | -43.3% |
| Recurring financial charges | 65 | €1,284 | €728 | -€556 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €146,031 | €143,278 | -€2,753 | -1.9% |
| Income taxes | 67/77 | €36,256 | €46,899 | +€10,643 | +29.4% |
| Profit (loss) for the period | 9904 | €109,776 | €96,380 | -€13,396 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,776 | €96,380 | -€13,396 | -12.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.