CROSSFADER: 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.
CROSSFADER
Largest movements
- Cash +€141,280
up €141,280 (+249%), from €56,654 to €197,934
mainly Trade debts (+€186,899) and Debts after one year (+€70,434)
- Tangible fixed assets +€113,350
up €113,350 (+30.9%), from €367,300 to €480,650
of which Furniture and vehicles: +€87,027
- Receivables within one year -€16,099
down €16,099 (-26.5%), from €60,779 to €44,680
of which Trade receivables: -€27,157
- Deferred charges and accrued income +€14,665
up €14,665 (+816%), from €1,797 to €16,462
- Trade debts +€186,899
up €186,899 (+673%), from €27,751 to €214,650
- Debts after one year +€70,434
up €70,434 (+29.1%), from €241,858 to €312,292
- Short-term financial debts -€43,000
down €43,000 (-100%), from €43,000 to €0
- Current portion of long-term debt +€19,912
up €19,912 (+71.1%), from €27,988 to €47,900
- Reserves +€16,348
up €16,348 (+12.7%), from €129,129 to €145,477
- Gross operating margin +€83,591
up €83,591 (+99.8%), from €83,800 to €167,392
- Depreciation +€27,192
up €27,192 (+105%), from €25,971 to €53,163
- Taxes +€11,957
up €11,957 (+145%), from €8,230 to €20,188
- Financial charges -€1,936
down €1,936 (-9.2%), from €21,077 to €19,141
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 | €492,286 | €740,656 | +€248,371 | +50.5% |
| Fixed assets | 21/28 | €368,230 | €481,580 | +€113,350 | +30.8% |
| Tangible fixed assets | 22/27 | €367,300 | €480,650 | +€113,350 | +30.9% |
| Land and buildings | 22 | €280,840 | €272,871 | -€7,970 | -2.8% |
| Plant, machinery and equipment | 23 | €14,989 | €16,893 | +€1,904 | +12.7% |
| Furniture and vehicles | 24 | €15,340 | €102,367 | +€87,027 | +567% |
| Leasing and similar rights | 25 | €56,131 | €88,519 | +€32,388 | +57.7% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €124,055 | €259,076 | +€135,021 | +109% |
| Stocks and contracts in progress | 3 | €4,825 | €0 | -€4,825 | -100% |
| Contracts in progress | 37 | €4,825 | €0 | -€4,825 | -100% |
| Amounts receivable within one year | 40/41 | €60,779 | €44,680 | -€16,099 | -26.5% |
| Trade receivables | 40 | €41,924 | €14,768 | -€27,157 | -64.8% |
| Other amounts receivable | 41 | €18,855 | €29,913 | +€11,058 | +58.6% |
| Cash at bank and in hand | 54/58 | €56,654 | €197,934 | +€141,280 | +249% |
| Deferred charges and accrued income | 490/1 | €1,797 | €16,462 | +€14,665 | +816% |
| Total equity and liabilities | 10/49 | €492,286 | €740,656 | +€248,371 | +50.5% |
| Equity | 10/15 | €149,129 | €165,477 | +€16,348 | +11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €129,129 | €145,477 | +€16,348 | +12.7% |
| Distributable reserves | 133 | €129,129 | €145,477 | +€16,348 | +12.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,157 | €575,180 | +€232,023 | +67.6% |
| Amounts payable after more than one year | 17 | €241,858 | €312,292 | +€70,434 | +29.1% |
| Financial debts | 170/4 | €241,858 | €312,292 | +€70,434 | +29.1% |
| Amounts payable within one year | 42/48 | €101,299 | €262,888 | +€161,589 | +160% |
| Current portion of amounts payable after more than one year | 42 | €27,988 | €47,900 | +€19,912 | +71.1% |
| Financial debts | 43 | €43,000 | €0 | -€43,000 | -100% |
| Credit institutions | 430/8 | €43,000 | €0 | -€43,000 | -100% |
| Trade debts | 44 | €27,751 | €214,650 | +€186,899 | +673% |
| Suppliers | 440/4 | €27,751 | €214,650 | +€186,899 | +673% |
| Advances received on contracts in progress | 46 | €1,208 | €0 | -€1,208 | -100% |
| Taxes, remuneration and social security | 45 | - | €337 | +€337 | |
| Taxes | 450/3 | - | €337 | +€337 | |
| Other amounts payable | 47/48 | €1,352 | €0 | -€1,352 | -100% |
| Non-recurring operating income | 76A | €0 | €21,186 | +€21,186 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,971 | €53,163 | +€27,192 | +105% |
| Other operating charges | 640/8 | €3,334 | €2,513 | -€821 | -24.6% |
| Non-recurring operating charges | 66A | €1,627 | €2,001 | +€374 | +23.0% |
| Gross operating margin | 9900 | €83,800 | €167,392 | +€83,591 | +99.8% |
| Operating profit (loss) | 9901 | €52,868 | €109,715 | +€56,847 | +108% |
| Financial income | 75/76B | €2 | €31 | +€29 | +1,824% |
| Recurring financial income | 75 | €2 | €31 | +€29 | +1,824% |
| Financial charges | 65/66B | €21,077 | €19,141 | -€1,936 | -9.2% |
| Recurring financial charges | 65 | €21,077 | €19,141 | -€1,936 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €31,793 | €90,605 | +€58,812 | +185% |
| Income taxes | 67/77 | €8,230 | €20,188 | +€11,957 | +145% |
| Profit (loss) for the period | 9904 | €23,563 | €70,417 | +€46,855 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €23,563 | €70,417 | +€46,855 | +199% |
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 13 October 2026 via checked.be.