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Crop Projects: 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.

What changed

Crop Projects

BE 0843.187.643
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€51,532
2024 · -€27,545-€23,986
Equity
€686,907
2024 · €738,439-€51,532
Cash
€218,818
2024 · €38,346+€180,472
Balance sheet total
€1.7m
2024 · €965,427+€783,385

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€702,278

    up €702,278 (+1046.9%), from €67,079 to €769,357

  • Cash +€180,472

    up €180,472 (+470.6%), from €38,346 to €218,818

    mainly Advances received (+€446,250) and Short-term financial debts (+€375,000)

  • Receivables within one year -€116,542

    down €116,542 (-14.2%), from €821,872 to €705,330

    of which Other amounts receivable: -€128,903

Equity and liabilities
  • Advances received +€446,250

    new in 2025: €446,250

  • Short-term financial debts +€375,000

    new in 2025: €375,000

  • Profit (loss) carried forward -€51,532

    down €51,532 (-44.0%), from -€117,082 to -€168,613

Income statement
  • Financial charges +€17,379

    up €17,379 (+242.2%), from €7,176 to €24,555

  • Financial income -€3,584

    down €3,584 (-16.5%), from €21,729 to €18,144

  • Gross operating margin -€3,200

    down €3,200 (-7.8%), from -€40,795 to -€43,995

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€27,545
Gross operating margin -€3,200
Other operating charges +€177
Financial income -€3,584
Financial charges -€17,379
Result 2025 -€51,532

Cash bridge derived

cash 2024 to 2025

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.

From operations -€194,528
Investment €0
Financing +€375,000
Cash 2024 €38,346
Net result for the year -€51,532
Stocks and contracts -€702,278
Receivables within one year +€116,542
Deferred charges and accrued income -€17,177
Trade debts +€7,506
Tax, wage and social debts +€6,161
Advances received +€446,250
Short-term financial debts +€375,000
Cash 2025 €218,818
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €965,427 €1,748,812 +€783,385 +81.1%
Fixed assets 21/28 €1,385 €1,385 = 0.0%
Financial fixed assets 28 €1,385 €1,385 = 0.0%
Current assets 29/58 €964,041 €1,747,427 +€783,385 +81.3%
Stocks and contracts in progress 3 €67,079 €769,357 +€702,278 +1046.9%
Stocks 30/36 €67,079 €769,357 +€702,278 +1046.9%
Amounts receivable within one year 40/41 €821,872 €705,330 -€116,542 -14.2%
Trade receivables 40 €70 €12,431 +€12,361 +17659.1%
Other amounts receivable 41 €821,802 €692,899 -€128,903 -15.7%
Cash at bank and in hand 54/58 €38,346 €218,818 +€180,472 +470.6%
Deferred charges and accrued income 490/1 €36,744 €53,922 +€17,177 +46.7%
Total equity and liabilities 10/49 €965,427 €1,748,812 +€783,385 +81.1%
Equity 10/15 €738,439 €686,907 -€51,532 -7.0%
Contributions 10/11 €100,000 €100,000 = 0.0%
Reserves 13 €755,521 €755,521 = 0.0%
Distributable reserves 133 €755,521 €755,521 = 0.0%
Profit (loss) carried forward 14 -€117,082 -€168,613 -€51,532 -44.0%
Amounts payable 17/49 €226,988 €1,061,905 +€834,917 +367.8%
Amounts payable within one year 42/48 €215,974 €1,050,890 +€834,917 +386.6%
Financial debts 43 - €375,000 +€375,000
Credit institutions 430/8 - €375,000 +€375,000
Trade debts 44 €974 €8,480 +€7,506 +770.6%
Suppliers 440/4 €974 €8,480 +€7,506 +770.6%
Advances received on contracts in progress 46 - €446,250 +€446,250
Taxes, remuneration and social security 45 - €6,161 +€6,161
Taxes 450/3 - €6,161 +€6,161
Other amounts payable 47/48 €215,000 €215,000 = 0.0%
Accrued charges and deferred income 492/3 €11,014 €11,014 = 0.0%
Other operating charges 640/8 €1,303 €1,126 -€177 -13.5%
Gross operating margin 9900 -€40,795 -€43,995 -€3,200 -7.8%
Operating profit (loss) 9901 -€42,098 -€45,121 -€3,023 -7.2%
Financial income 75/76B €21,729 €18,144 -€3,584 -16.5%
Recurring financial income 75 €21,729 €18,144 -€3,584 -16.5%
Financial charges 65/66B €7,176 €24,555 +€17,379 +242.2%
Recurring financial charges 65 €7,176 €24,555 +€17,379 +242.2%
Profit (loss) for the period before taxes 9903 -€27,545 -€51,532 -€23,986 -87.1%
Profit (loss) for the period 9904 -€27,545 -€51,532 -€23,986 -87.1%
Profit (loss) for the period to be appropriated 9905 -€27,545 -€51,532 -€23,986 -87.1%

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 5 October 2026 via checked.be.