CROUSTIFRAIS: 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.
CROUSTIFRAIS
Largest movements
- Receivables within one year -€142,173
down €142,173 (-67.3%), from €211,167 to €68,995
of which Trade receivables: -€142,510
- Cash -€110,601
down €110,601 (-43.8%), from €252,720 to €142,119
mainly Trade debts (-€140,813) and Net result for the year (-€87,119)
- Tangible fixed assets -€50,593
down €50,593 (-100%), from €50,593 to €0
- Stocks and contracts -€23,111
no longer reported in 2025 (was €23,111)
- Deferred charges and accrued income -€5,613
down €5,613 (-62.3%), from €9,014 to €3,401
- Trade debts -€140,813
down €140,813 (-89.8%), from €156,824 to €16,012
- Profit (loss) carried forward -€87,119
down €87,119 (-45.3%), from €192,405 to €105,286
- Tax, wage and social debts -€77,054
down €77,054 (-84.1%), from €91,594 to €14,540
of which Remuneration and social security: -€48,442
- Debts after one year -€20,596
no longer reported in 2025 (was €20,596)
- Current portion of long-term debt -€12,091
down €12,091 (-77.2%), from €15,654 to €3,563
- Gross operating margin -€940,210
down €940,210 (-93.4%), from €1.0m to €66,485
- Staff costs -€580,283
down €580,283 (-80.2%), from €723,161 to €142,878
- Depreciation -€18,825
down €18,825 (-71.5%), from €26,323 to €7,499
- Other operating charges -€18,334
down €18,334 (-93.1%), from €19,688 to €1,354
- Taxes -€11,271
no longer reported in 2025 (was €11,271)
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 | €546,605 | €214,717 | -€331,889 | -60.7% |
| Fixed assets | 21/28 | €50,593 | €202 | -€50,391 | -99.6% |
| Tangible fixed assets | 22/27 | €50,593 | €0 | -€50,593 | -100% |
| Plant, machinery and equipment | 23 | €15,348 | €0 | -€15,348 | -100% |
| Furniture and vehicles | 24 | €21,065 | - | -€21,065 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Assets under construction and advance payments | 27 | €14,181 | - | -€14,181 | |
| Financial fixed assets | 28 | - | €202 | +€202 | |
| Current assets | 29/58 | €496,012 | €214,515 | -€281,497 | -56.8% |
| Stocks and contracts in progress | 3 | €23,111 | - | -€23,111 | |
| Stocks | 30/36 | €23,111 | - | -€23,111 | |
| Amounts receivable within one year | 40/41 | €211,167 | €68,995 | -€142,173 | -67.3% |
| Trade receivables | 40 | €209,013 | €66,503 | -€142,510 | -68.2% |
| Other amounts receivable | 41 | €2,154 | €2,492 | +€338 | +15.7% |
| Cash at bank and in hand | 54/58 | €252,720 | €142,119 | -€110,601 | -43.8% |
| Deferred charges and accrued income | 490/1 | €9,014 | €3,401 | -€5,613 | -62.3% |
| Total equity and liabilities | 10/49 | €546,605 | €214,717 | -€331,889 | -60.7% |
| Equity | 10/15 | €260,605 | €173,486 | -€87,119 | -33.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,405 | €105,286 | -€87,119 | -45.3% |
| Amounts payable | 17/49 | €286,000 | €41,230 | -€244,770 | -85.6% |
| Amounts payable after more than one year | 17 | €20,596 | - | -€20,596 | |
| Financial debts | 170/4 | €20,596 | - | -€20,596 | |
| Amounts payable within one year | 42/48 | €264,072 | €39,179 | -€224,893 | -85.2% |
| Current portion of amounts payable after more than one year | 42 | €15,654 | €3,563 | -€12,091 | -77.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €156,824 | €16,012 | -€140,813 | -89.8% |
| Suppliers | 440/4 | €156,824 | €16,012 | -€140,813 | -89.8% |
| Taxes, remuneration and social security | 45 | €91,594 | €14,540 | -€77,054 | -84.1% |
| Taxes | 450/3 | €39,883 | €11,271 | -€28,612 | -71.7% |
| Remuneration and social security | 454/9 | €51,711 | €3,270 | -€48,442 | -93.7% |
| Other amounts payable | 47/48 | - | €5,064 | +€5,064 | |
| Accrued charges and deferred income | 492/3 | €1,332 | €2,051 | +€719 | +53.9% |
| Non-recurring operating income | 76A | - | €4,338 | +€4,338 | |
| Remuneration, social security and pensions | 62 | €723,161 | €142,878 | -€580,283 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,323 | €7,499 | -€18,825 | -71.5% |
| Other operating charges | 640/8 | €19,688 | €1,354 | -€18,334 | -93.1% |
| Non-recurring operating charges | 66A | €22,282 | €58 | -€22,224 | -99.7% |
| Gross operating margin | 9900 | €1,006,695 | €66,485 | -€940,210 | -93.4% |
| Operating profit (loss) | 9901 | €215,241 | -€85,303 | -€300,545 | |
| Financial income | 75/76B | €2 | €480 | +€478 | +28,632% |
| Recurring financial income | 75 | €2 | €480 | +€478 | +28,632% |
| Financial charges | 65/66B | €7,681 | €2,295 | -€5,386 | -70.1% |
| Recurring financial charges | 65 | €4,284 | €2,295 | -€1,988 | -46.4% |
| Non-recurring financial charges | 66B | €3,397 | - | -€3,397 | |
| Profit (loss) for the period before taxes | 9903 | €207,562 | -€87,119 | -€294,681 | |
| Income taxes | 67/77 | €11,271 | - | -€11,271 | |
| Profit (loss) for the period | 9904 | €196,291 | -€87,119 | -€283,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €196,291 | -€87,119 | -€283,410 |
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 24 October 2026 via checked.be.