CROTTEUX: 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.
CROTTEUX
Largest movements
- Stocks and contracts +€9,965
up €9,965 (+92.3%), from €10,799 to €20,763
- Receivables within one year +€8,444
up €8,444 (+59.7%), from €14,145 to €22,589
of which Trade receivables: +€16,118
- Cash +€4,881
up €4,881 (+7.7%), from €63,338 to €68,219
mainly Net result for the year (+€16,978) and Trade debts (+€13,376)
- Trade debts +€13,376
up €13,376 (+250.1%), from €5,348 to €18,724
- Reserves +€12,900
up €12,900 (+7.6%), from €169,300 to €182,200
of which Distributable reserves: +€12,900
- Gross operating margin +€14,316
up €14,316 (+75.1%), from €19,052 to €33,369
- Taxes +€4,780
up €4,780 (+143.4%), from €3,333 to €8,113
- Financial charges -€812
down €812 (-12.0%), from €6,751 to €5,939
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 | €407,146 | €429,653 | +€22,507 | +5.5% |
| Fixed assets | 21/28 | €314,837 | €314,837 | = | 0.0% |
| Tangible fixed assets | 22/27 | €310,318 | €310,318 | = | 0.0% |
| Land and buildings | 22 | €310,318 | €310,318 | = | 0.0% |
| Financial fixed assets | 28 | €4,519 | €4,519 | = | 0.0% |
| Current assets | 29/58 | €92,309 | €114,816 | +€22,507 | +24.4% |
| Stocks and contracts in progress | 3 | €10,799 | €20,763 | +€9,965 | +92.3% |
| Stocks | 30/36 | €10,799 | €20,763 | +€9,965 | +92.3% |
| Amounts receivable within one year | 40/41 | €14,145 | €22,589 | +€8,444 | +59.7% |
| Trade receivables | 40 | €5,069 | €21,186 | +€16,118 | +318.0% |
| Other amounts receivable | 41 | €9,076 | €1,403 | -€7,673 | -84.5% |
| Cash at bank and in hand | 54/58 | €63,338 | €68,219 | +€4,881 | +7.7% |
| Deferred charges and accrued income | 490/1 | €4,028 | €3,244 | -€784 | -19.5% |
| Total equity and liabilities | 10/49 | €407,146 | €429,653 | +€22,507 | +5.5% |
| Equity | 10/15 | €293,430 | €306,408 | +€12,978 | +4.4% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €169,300 | €182,200 | +€12,900 | +7.6% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €156,900 | €169,800 | +€12,900 | +8.2% |
| Profit (loss) carried forward | 14 | €130 | €208 | +€78 | +59.9% |
| Amounts payable | 17/49 | €113,716 | €123,245 | +€9,529 | +8.4% |
| Amounts payable after more than one year | 17 | €14,000 | €10,500 | -€3,500 | -25.0% |
| Financial debts | 170/4 | €14,000 | €10,500 | -€3,500 | -25.0% |
| Amounts payable within one year | 42/48 | €94,165 | €107,683 | +€13,518 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €3,500 | = | 0.0% |
| Trade debts | 44 | €5,348 | €18,724 | +€13,376 | +250.1% |
| Suppliers | 440/4 | €5,348 | €18,724 | +€13,376 | +250.1% |
| Taxes, remuneration and social security | 45 | €4,796 | €3,532 | -€1,264 | -26.4% |
| Taxes | 450/3 | €4,796 | €3,532 | -€1,264 | -26.4% |
| Other amounts payable | 47/48 | €80,521 | €81,927 | +€1,406 | +1.7% |
| Accrued charges and deferred income | 492/3 | €5,551 | €5,062 | -€489 | -8.8% |
| Other operating charges | 640/8 | €2,366 | €2,392 | +€26 | +1.1% |
| Gross operating margin | 9900 | €19,052 | €33,369 | +€14,316 | +75.1% |
| Operating profit (loss) | 9901 | €16,686 | €30,977 | +€14,291 | +85.6% |
| Financial income | 75/76B | €115 | €52 | -€63 | -54.5% |
| Recurring financial income | 75 | €115 | €52 | -€63 | -54.5% |
| Financial charges | 65/66B | €6,751 | €5,939 | -€812 | -12.0% |
| Recurring financial charges | 65 | €6,751 | €5,939 | -€812 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €10,050 | €25,091 | +€15,040 | +149.7% |
| Income taxes | 67/77 | €3,333 | €8,113 | +€4,780 | +143.4% |
| Profit (loss) for the period | 9904 | €6,718 | €16,978 | +€10,260 | +152.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,718 | €16,978 | +€10,260 | +152.7% |
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.