CROUX P.: 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
CROUX P.
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€167,514
2024 · €395,355-€227,842
Equity
€2.0m
2024 · €1.9m+€167,514
Cash
€109,096
2024 · €193,306-€84,210
Balance sheet total
€3.5m
2024 · €3.3m+€254,193
Largest movements
Assets
- Stocks and contracts +€353,512
up €353,512 (+12.1%), from €2.9m to €3.3m
- Cash -€84,210
down €84,210 (-43.6%), from €193,306 to €109,096
mainly Stocks and contracts (-€353,512) and Short-term financial debts (-€94,638)
Equity and liabilities
- Trade debts +€187,904
up €187,904 (+41.4%), from €453,639 to €641,544
- Reserves +€167,514
up €167,514 (+9.3%), from €1.8m to €2.0m
of which Distributable reserves: +€167,514
- Short-term financial debts -€94,638
down €94,638 (-61.5%), from €153,834 to €59,196
Income statement
- Gross operating margin -€292,177
down €292,177 (-48.5%), from €602,843 to €310,666
- Taxes -€58,096
down €58,096 (-42.5%), from €136,826 to €78,730
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.
Result 2024
€395,355
Gross operating margin
-€292,177
Staff costs
+€171
Depreciation
+€1,945
Other operating charges
-€667
Financial income
+€1,449
Financial charges
+€3,342
Taxes
+€58,096
Result 2025
€167,514
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.
From operations
+€17,949
Investment
-€6,000
Financing
-€96,159
Cash 2024
€193,306
From operations (derived)
+€17,949
Net result for the year
+€167,514
Depreciation
+€3,548
Stocks and contracts
-€353,512
Receivables within one year
+€17,947
Deferred charges and accrued income
-€385
Trade debts
+€187,904
Tax, wage and social debts
-€5,066
Investment (derived)
-€6,000
Investment in fixed assets (net)
-€6,000
Financing
-€96,159
Debts after one year
-€1,521
Short-term financial debts
-€94,638
Cash 2025
€109,096
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,294,103 | €3,548,295 | +€254,193 | +7.7% |
| Fixed assets | 21/28 | €9,716 | €12,169 | +€2,452 | +25.2% |
| Tangible fixed assets | 22/27 | €9,716 | €6,169 | -€3,548 | -36.5% |
| Plant, machinery and equipment | 23 | €5,133 | €2,573 | -€2,560 | -49.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,584 | €3,596 | -€988 | -21.6% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €3,284,386 | €3,536,127 | +€251,741 | +7.7% |
| Stocks and contracts in progress | 3 | €2,932,612 | €3,286,124 | +€353,512 | +12.1% |
| Stocks | 30/36 | €2,932,612 | €3,286,124 | +€353,512 | +12.1% |
| Amounts receivable within one year | 40/41 | €155,265 | €137,318 | -€17,947 | -11.6% |
| Trade receivables | 40 | €153,792 | €124,123 | -€29,669 | -19.3% |
| Other amounts receivable | 41 | €1,473 | €13,195 | +€11,722 | +795.9% |
| Cash at bank and in hand | 54/58 | €193,306 | €109,096 | -€84,210 | -43.6% |
| Deferred charges and accrued income | 490/1 | €3,203 | €3,589 | +€385 | +12.0% |
| Total equity and liabilities | 10/49 | €3,294,103 | €3,548,295 | +€254,193 | +7.7% |
| Equity | 10/15 | €1,857,079 | €2,024,593 | +€167,514 | +9.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,807,079 | €1,974,593 | +€167,514 | +9.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,802,079 | €1,969,593 | +€167,514 | +9.3% |
| Amounts payable | 17/49 | €1,437,023 | €1,523,702 | +€86,679 | +6.0% |
| Amounts payable after more than one year | 17 | €804,936 | €803,416 | -€1,521 | -0.2% |
| Other amounts payable | 178/9 | €804,936 | €803,416 | -€1,521 | -0.2% |
| Amounts payable within one year | 42/48 | €632,087 | €720,287 | +€88,200 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €153,834 | €59,196 | -€94,638 | -61.5% |
| Credit institutions | 430/8 | €153,834 | €59,196 | -€94,638 | -61.5% |
| Trade debts | 44 | €453,639 | €641,544 | +€187,904 | +41.4% |
| Suppliers | 440/4 | €453,639 | €641,544 | +€187,904 | +41.4% |
| Taxes, remuneration and social security | 45 | €24,613 | €19,547 | -€5,066 | -20.6% |
| Taxes | 450/3 | €16,957 | €9,842 | -€7,115 | -42.0% |
| Remuneration and social security | 454/9 | €7,657 | €9,706 | +€2,049 | +26.8% |
| Remuneration, social security and pensions | 62 | €54,058 | €53,887 | -€171 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,493 | €3,548 | -€1,945 | -35.4% |
| Other operating charges | 640/8 | €5,887 | €6,554 | +€667 | +11.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €602,843 | €310,666 | -€292,177 | -48.5% |
| Operating profit (loss) | 9901 | €537,405 | €246,677 | -€290,728 | -54.1% |
| Financial income | 75/76B | €1,056 | €2,506 | +€1,449 | +137.2% |
| Recurring financial income | 75 | €1,056 | €2,506 | +€1,449 | +137.2% |
| Financial charges | 65/66B | €6,280 | €2,938 | -€3,342 | -53.2% |
| Recurring financial charges | 65 | €6,280 | €2,938 | -€3,342 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €532,181 | €246,244 | -€285,937 | -53.7% |
| Income taxes | 67/77 | €136,826 | €78,730 | -€58,096 | -42.5% |
| Profit (loss) for the period | 9904 | €395,355 | €167,514 | -€227,842 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €395,355 | €167,514 | -€227,842 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.