CROMWELL: 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.
CROMWELL
Largest movements
- Cash +€64,716
up €64,716 (+278.9%), from €23,203 to €87,918
mainly Other debts (+€67,460) and Depreciation (+€61,467)
- Tangible fixed assets -€60,991
down €60,991 (-39.3%), from €155,037 to €94,047
of which Furniture and vehicles: -€35,266
- Deferred charges and accrued income +€5,883
up €5,883 (+1080.2%), from €545 to €6,427
- Stocks and contracts -€3,300
down €3,300 (-9.3%), from €35,551 to €32,251
- Other debts +€67,460
up €67,460 (+13801.2%), from €489 to €67,949
- Reserves -€55,535
down €55,535 (-100.0%), from €55,535 to €0
- Tax, wage and social debts +€16,383
up €16,383 (+27.2%), from €60,239 to €76,623
of which Remuneration and social security: +€8,883
- Debts after one year -€12,776
down €12,776 (-100.0%), from €12,776 to €0
- Current portion of long-term debt -€12,537
down €12,537 (-49.5%), from €25,314 to €12,776
- Staff costs -€32,411
down €32,411 (-5.3%), from €609,512 to €577,102
- Gross operating margin -€24,400
down €24,400 (-3.4%), from €710,040 to €685,641
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 | €216,822 | €222,737 | +€5,915 | +2.7% |
| Fixed assets | 21/28 | €155,037 | €94,047 | -€60,991 | -39.3% |
| Tangible fixed assets | 22/27 | €155,037 | €94,047 | -€60,991 | -39.3% |
| Plant, machinery and equipment | 23 | €70,018 | €44,293 | -€25,725 | -36.7% |
| Furniture and vehicles | 24 | €85,019 | €49,754 | -€35,266 | -41.5% |
| Current assets | 29/58 | €61,785 | €128,691 | +€66,906 | +108.3% |
| Stocks and contracts in progress | 3 | €35,551 | €32,251 | -€3,300 | -9.3% |
| Stocks | 30/36 | €35,551 | €32,251 | -€3,300 | -9.3% |
| Amounts receivable within one year | 40/41 | €2,486 | €2,094 | -€393 | -15.8% |
| Trade receivables | 40 | €317 | €472 | +€155 | +48.9% |
| Other amounts receivable | 41 | €2,169 | €1,621 | -€548 | -25.2% |
| Cash at bank and in hand | 54/58 | €23,203 | €87,918 | +€64,716 | +278.9% |
| Deferred charges and accrued income | 490/1 | €545 | €6,427 | +€5,883 | +1080.2% |
| Total equity and liabilities | 10/49 | €216,822 | €222,737 | +€5,915 | +2.7% |
| Equity | 10/15 | €74,135 | €18,600 | -€55,535 | -74.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,535 | €0 | -€55,535 | -100.0% |
| Distributable reserves | 133 | €55,535 | €0 | -€55,535 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €142,687 | €204,137 | +€61,450 | +43.1% |
| Amounts payable after more than one year | 17 | €12,776 | €0 | -€12,776 | -100.0% |
| Financial debts | 170/4 | €12,776 | €0 | -€12,776 | -100.0% |
| Amounts payable within one year | 42/48 | €123,673 | €204,137 | +€80,464 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €25,314 | €12,776 | -€12,537 | -49.5% |
| Trade debts | 44 | €37,631 | €45,339 | +€7,708 | +20.5% |
| Suppliers | 440/4 | €37,631 | €45,339 | +€7,708 | +20.5% |
| Advances received on contracts in progress | 46 | - | €1,450 | +€1,450 | |
| Taxes, remuneration and social security | 45 | €60,239 | €76,623 | +€16,383 | +27.2% |
| Taxes | 450/3 | €11,671 | €19,171 | +€7,500 | +64.3% |
| Remuneration and social security | 454/9 | €48,569 | €57,452 | +€8,883 | +18.3% |
| Other amounts payable | 47/48 | €489 | €67,949 | +€67,460 | +13801.2% |
| Accrued charges and deferred income | 492/3 | €6,237 | €0 | -€6,237 | -100.0% |
| Remuneration, social security and pensions | 62 | €609,512 | €577,102 | -€32,411 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,678 | €61,467 | -€2,211 | -3.5% |
| Other operating charges | 640/8 | €9,612 | €7,629 | -€1,983 | -20.6% |
| Non-recurring operating charges | 66A | €2,692 | €1,124 | -€1,568 | -58.2% |
| Gross operating margin | 9900 | €710,040 | €685,641 | -€24,400 | -3.4% |
| Operating profit (loss) | 9901 | €24,546 | €38,319 | +€13,773 | +56.1% |
| Financial income | 75/76B | €1,033 | €741 | -€291 | -28.2% |
| Recurring financial income | 75 | €1,033 | €741 | -€291 | -28.2% |
| Financial charges | 65/66B | €9,301 | €9,403 | +€102 | +1.1% |
| Recurring financial charges | 65 | €9,301 | €9,403 | +€102 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €16,278 | €29,658 | +€13,380 | +82.2% |
| Income taxes | 67/77 | €506 | €463 | -€43 | -8.6% |
| Profit (loss) for the period | 9904 | €15,772 | €29,195 | +€13,423 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,772 | €29,195 | +€13,423 | +85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.