CROUX PAUL: 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.
CROUX PAUL
Largest movements
- Tangible fixed assets +€23,795
up €23,795 (+76.3%), from €31,188 to €54,984
of which Furniture and vehicles: +€34,827
- Receivables within one year -€8,861
down €8,861 (-24.3%), from €36,437 to €27,576
of which Other amounts receivable: -€14,961
- Cash -€2,932
down €2,932 (-74.6%), from €3,931 to €998
mainly Investment in fixed assets (net) (-€35,151) and Tax, wage and social debts (-€3,448)
- Profit (loss) carried forward +€7,275
new in 2025: €7,275
- Trade debts +€3,567
up €3,567 (+157%), from €2,268 to €5,835
- Tax, wage and social debts -€3,448
down €3,448 (-74.5%), from €4,625 to €1,177
- Debts after one year +€2,633
up €2,633 (+14.1%), from €18,675 to €21,308
- Other debts +€1,200
new in 2025: €1,200
- Gross operating margin -€4,516
down €4,516 (-16.7%), from €26,971 to €22,456
- Financial income -€1,635
down €1,635 (-64.9%), from €2,521 to €886
- Taxes -€1,433
down €1,433 (-45.1%), from €3,177 to €1,744
- Depreciation -€668
down €668 (-5.6%), from €12,023 to €11,355
- Financial charges +€413
up €413 (+20.9%), from €1,977 to €2,391
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 | €72,013 | €84,015 | +€12,002 | +16.7% |
| Fixed assets | 21/28 | €31,188 | €54,984 | +€23,795 | +76.3% |
| Tangible fixed assets | 22/27 | €31,188 | €54,984 | +€23,795 | +76.3% |
| Land and buildings | 22 | €240 | - | -€240 | |
| Plant, machinery and equipment | 23 | €22,473 | €11,681 | -€10,792 | -48.0% |
| Furniture and vehicles | 24 | €8,475 | €43,303 | +€34,827 | +411% |
| Current assets | 29/58 | €40,825 | €29,032 | -€11,793 | -28.9% |
| Amounts receivable within one year | 40/41 | €36,437 | €27,576 | -€8,861 | -24.3% |
| Trade receivables | 40 | €10,932 | €17,032 | +€6,100 | +55.8% |
| Other amounts receivable | 41 | €25,505 | €10,544 | -€14,961 | -58.7% |
| Cash at bank and in hand | 54/58 | €3,931 | €998 | -€2,932 | -74.6% |
| Deferred charges and accrued income | 490/1 | €457 | €457 | = | 0.0% |
| Total equity and liabilities | 10/49 | €72,013 | €84,015 | +€12,002 | +16.7% |
| Equity | 10/15 | €27,515 | €34,790 | +€7,275 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,515 | €22,515 | = | 0.0% |
| Distributable reserves | 133 | €22,515 | €22,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,275 | +€7,275 | |
| Amounts payable | 17/49 | €44,498 | €49,226 | +€4,728 | +10.6% |
| Amounts payable after more than one year | 17 | €18,675 | €21,308 | +€2,633 | +14.1% |
| Financial debts | 170/4 | €18,675 | €21,308 | +€2,633 | +14.1% |
| Amounts payable within one year | 42/48 | €25,822 | €27,917 | +€2,095 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €18,929 | €19,705 | +€776 | +4.1% |
| Trade debts | 44 | €2,268 | €5,835 | +€3,567 | +157% |
| Suppliers | 440/4 | €2,268 | €5,835 | +€3,567 | +157% |
| Taxes, remuneration and social security | 45 | €4,625 | €1,177 | -€3,448 | -74.5% |
| Taxes | 450/3 | €4,625 | €1,177 | -€3,448 | -74.5% |
| Other amounts payable | 47/48 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,023 | €11,355 | -€668 | -5.6% |
| Other operating charges | 640/8 | €640 | €578 | -€63 | -9.8% |
| Gross operating margin | 9900 | €26,971 | €22,456 | -€4,516 | -16.7% |
| Operating profit (loss) | 9901 | €14,308 | €10,523 | -€3,785 | -26.5% |
| Financial income | 75/76B | €2,521 | €886 | -€1,635 | -64.9% |
| Recurring financial income | 75 | €2,521 | €886 | -€1,635 | -64.9% |
| Financial charges | 65/66B | €1,977 | €2,391 | +€413 | +20.9% |
| Recurring financial charges | 65 | €1,977 | €2,391 | +€413 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €14,852 | €9,018 | -€5,833 | -39.3% |
| Income taxes | 67/77 | €3,177 | €1,744 | -€1,433 | -45.1% |
| Profit (loss) for the period | 9904 | €11,675 | €7,275 | -€4,400 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,675 | €7,275 | -€4,400 | -37.7% |
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 20 October 2026 via checked.be.