CROSSROADS: 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.
CROSSROADS
Largest movements
- Receivables within one year +€56,192
up €56,192 (+45.3%), from €124,170 to €180,362
of which Other amounts receivable: +€67,864
- Tangible fixed assets -€18,979
down €18,979 (-33.4%), from €56,817 to €37,838
of which Furniture and vehicles: -€18,302
- Deferred charges and accrued income +€2,680
up €2,680 (+887.4%), from €302 to €2,982
- Reserves +€51,252
up €51,252 (+109.1%), from €46,959 to €98,211
- Debts after one year -€11,039
down €11,039 (-56.1%), from €19,662 to €8,623
- Trade debts +€4,387
up €4,387 (+6.8%), from €64,085 to €68,472
- Accrued charges and deferred income -€4,349
no longer reported in 2025 (was €4,349)
- Short-term financial debts -€2,790
down €2,790 (-12.7%), from €21,888 to €19,098
- Financial income +€3,295
up €3,295 (+79.9%), from €4,125 to €7,420
- Gross operating margin +€1,537
up €1,537 (+1.6%), from €93,755 to €95,292
- Financial charges -€1,510
down €1,510 (-36.3%), from €4,157 to €2,647
- Depreciation -€1,382
down €1,382 (-5.9%), from €23,611 to €22,229
- Taxes -€1,003
down €1,003 (-3.7%), from €26,933 to €25,930
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,739 | €221,632 | +€39,893 | +22.0% |
| Fixed assets | 21/28 | €57,267 | €38,288 | -€18,979 | -33.1% |
| Tangible fixed assets | 22/27 | €56,817 | €37,838 | -€18,979 | -33.4% |
| Plant, machinery and equipment | 23 | €7,161 | €3,452 | -€3,709 | -51.8% |
| Furniture and vehicles | 24 | €49,001 | €30,699 | -€18,302 | -37.4% |
| Other tangible fixed assets | 26 | €655 | €3,687 | +€3,032 | +462.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €124,472 | €183,344 | +€58,872 | +47.3% |
| Amounts receivable within one year | 40/41 | €124,170 | €180,362 | +€56,192 | +45.3% |
| Trade receivables | 40 | €25,596 | €13,924 | -€11,672 | -45.6% |
| Other amounts receivable | 41 | €98,574 | €166,438 | +€67,864 | +68.8% |
| Deferred charges and accrued income | 490/1 | €302 | €2,982 | +€2,680 | +887.4% |
| Total equity and liabilities | 10/49 | €181,739 | €221,632 | +€39,893 | +22.0% |
| Equity | 10/15 | €53,159 | €104,411 | +€51,252 | +96.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,959 | €98,211 | +€51,252 | +109.1% |
| Distributable reserves | 133 | €46,959 | €98,211 | +€51,252 | +109.1% |
| Amounts payable | 17/49 | €128,580 | €117,221 | -€11,359 | -8.8% |
| Amounts payable after more than one year | 17 | €19,662 | €8,623 | -€11,039 | -56.1% |
| Financial debts | 170/4 | €19,662 | €8,623 | -€11,039 | -56.1% |
| Amounts payable within one year | 42/48 | €104,569 | €108,598 | +€4,029 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €11,663 | €12,165 | +€502 | +4.3% |
| Financial debts | 43 | €21,888 | €19,098 | -€2,790 | -12.7% |
| Credit institutions | 430/8 | €21,888 | €19,098 | -€2,790 | -12.7% |
| Trade debts | 44 | €64,085 | €68,472 | +€4,387 | +6.8% |
| Suppliers | 440/4 | €64,085 | €68,472 | +€4,387 | +6.8% |
| Taxes, remuneration and social security | 45 | €6,933 | €8,863 | +€1,930 | +27.8% |
| Taxes | 450/3 | €6,933 | €8,863 | +€1,930 | +27.8% |
| Accrued charges and deferred income | 492/3 | €4,349 | - | -€4,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,611 | €22,229 | -€1,382 | -5.9% |
| Other operating charges | 640/8 | €1,437 | €654 | -€783 | -54.5% |
| Gross operating margin | 9900 | €93,755 | €95,292 | +€1,537 | +1.6% |
| Operating profit (loss) | 9901 | €68,707 | €72,409 | +€3,702 | +5.4% |
| Financial income | 75/76B | €4,125 | €7,420 | +€3,295 | +79.9% |
| Recurring financial income | 75 | €4,125 | €7,420 | +€3,295 | +79.9% |
| Financial charges | 65/66B | €4,157 | €2,647 | -€1,510 | -36.3% |
| Recurring financial charges | 65 | €4,157 | €2,647 | -€1,510 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €68,675 | €77,182 | +€8,507 | +12.4% |
| Income taxes | 67/77 | €26,933 | €25,930 | -€1,003 | -3.7% |
| Profit (loss) for the period | 9904 | €41,742 | €51,252 | +€9,510 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,742 | €51,252 | +€9,510 | +22.8% |
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.