CROMARBO: 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.
CROMARBO
Largest movements
- Stocks and contracts +€205,341
up €205,341 (+8.8%), from €2.3m to €2.5m
- Cash +€174,504
up €174,504 (+31.2%), from €559,362 to €733,866
mainly Net result for the year (+€357,300) and Depreciation (+€190,495)
- Receivables within one year -€136,620
down €136,620 (-12.1%), from €1.1m to €991,157
of which Other amounts receivable: -€106,931
- Tangible fixed assets -€99,890
down €99,890 (-7.1%), from €1.4m to €1.3m
of which Leasing and similar rights: -€73,756
- Reserves +€237,300
up €237,300 (+9.8%), from €2.4m to €2.7m
of which Distributable reserves: +€237,300
- Debts after one year -€113,449
down €113,449 (-10.2%), from €1.1m to €1.0m
- Gross operating margin +€262,972
up €262,972 (+19.8%), from €1.3m to €1.6m
- Taxes +€102,170
up €102,170 (+579.1%), from €17,642 to €119,812
- Write-downs -€46,443
down €46,443, from €28,638 to -€17,805
- Staff costs -€24,717
down €24,717 (-3.0%), from €836,197 to €811,480
- Financial income +€20,543
up €20,543 (+270.7%), from €7,590 to €28,133
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 | €5,493,381 | €5,642,131 | +€148,750 | +2.7% |
| Fixed assets | 21/28 | €1,424,458 | €1,325,212 | -€99,246 | -7.0% |
| Intangible fixed assets | 21 | €12,571 | €13,216 | +€645 | +5.1% |
| Tangible fixed assets | 22/27 | €1,411,887 | €1,311,996 | -€99,890 | -7.1% |
| Land and buildings | 22 | €1,052,362 | €1,044,840 | -€7,522 | -0.7% |
| Plant, machinery and equipment | 23 | €115,853 | €109,191 | -€6,663 | -5.8% |
| Furniture and vehicles | 24 | €39,285 | €27,335 | -€11,950 | -30.4% |
| Leasing and similar rights | 25 | €204,387 | €130,630 | -€73,756 | -36.1% |
| Current assets | 29/58 | €4,068,923 | €4,316,919 | +€247,996 | +6.1% |
| Stocks and contracts in progress | 3 | €2,332,103 | €2,537,444 | +€205,341 | +8.8% |
| Stocks | 30/36 | €2,332,103 | €2,537,444 | +€205,341 | +8.8% |
| Amounts receivable within one year | 40/41 | €1,127,777 | €991,157 | -€136,620 | -12.1% |
| Trade receivables | 40 | €945,277 | €915,588 | -€29,689 | -3.1% |
| Other amounts receivable | 41 | €182,500 | €75,570 | -€106,931 | -58.6% |
| Cash at bank and in hand | 54/58 | €559,362 | €733,866 | +€174,504 | +31.2% |
| Deferred charges and accrued income | 490/1 | €49,681 | €54,452 | +€4,771 | +9.6% |
| Total equity and liabilities | 10/49 | €5,493,381 | €5,642,131 | +€148,750 | +2.7% |
| Equity | 10/15 | €2,663,483 | €2,902,004 | +€238,521 | +9.0% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €2,422,571 | €2,659,871 | +€237,300 | +9.8% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,593 | €1,593 | = | 0.0% |
| Distributable reserves | 133 | €2,397,978 | €2,635,278 | +€237,300 | +9.9% |
| Investment grants | 15 | €10,912 | €12,133 | +€1,221 | +11.2% |
| Amounts payable | 17/49 | €2,829,899 | €2,740,127 | -€89,771 | -3.2% |
| Amounts payable after more than one year | 17 | €1,116,296 | €1,002,847 | -€113,449 | -10.2% |
| Financial debts | 170/4 | €1,116,296 | €1,002,847 | -€113,449 | -10.2% |
| Amounts payable within one year | 42/48 | €1,696,275 | €1,724,851 | +€28,577 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €201,102 | €211,489 | +€10,387 | +5.2% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €600,857 | €625,646 | +€24,789 | +4.1% |
| Suppliers | 440/4 | €600,857 | €625,646 | +€24,789 | +4.1% |
| Taxes, remuneration and social security | 45 | €163,173 | €156,574 | -€6,599 | -4.0% |
| Taxes | 450/3 | €68,256 | €63,403 | -€4,853 | -7.1% |
| Remuneration and social security | 454/9 | €94,917 | €93,171 | -€1,746 | -1.8% |
| Other amounts payable | 47/48 | €381,142 | €381,142 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,328 | €12,429 | -€4,900 | -28.3% |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €836,197 | €811,480 | -€24,717 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,580 | €190,495 | -€2,084 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,638 | -€17,805 | -€46,443 | |
| Other operating charges | 640/8 | €19,225 | €35,633 | +€16,408 | +85.3% |
| Gross operating margin | 9900 | €1,328,394 | €1,591,366 | +€262,972 | +19.8% |
| Operating profit (loss) | 9901 | €251,754 | €571,563 | +€319,809 | +127.0% |
| Financial income | 75/76B | €7,590 | €28,133 | +€20,543 | +270.7% |
| Recurring financial income | 75 | €7,590 | €28,133 | +€20,543 | +270.7% |
| Financial charges | 65/66B | €121,110 | €122,583 | +€1,474 | +1.2% |
| Recurring financial charges | 65 | €121,110 | €122,583 | +€1,474 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €138,234 | €477,112 | +€338,878 | +245.1% |
| Income taxes | 67/77 | €17,642 | €119,812 | +€102,170 | +579.1% |
| Profit (loss) for the period | 9904 | €120,593 | €357,300 | +€236,708 | +196.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,593 | €357,300 | +€236,708 | +196.3% |
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.