Crowe Vandelanotte ++: 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.
Crowe Vandelanotte ++
Largest movements
- Receivables within one year +€17,531
up €17,531 (+961%), from €1,823 to €19,355
- Cash +€14,514
up €14,514 (+176%), from €8,256 to €22,770
mainly Advances received (+€20,569) and Trade debts (+€9,595)
- Advances received +€20,569
up €20,569 (+464%), from €4,431 to €25,000
- Trade debts +€9,595
up €9,595 (+967%), from €992 to €10,588
- Profit (loss) carried forward +€1,123
up €1,123 (+79.0%), from €1,420 to €2,543
- Tax, wage and social debts +€759
up €759 (+322%), from €235 to €994
- Gross operating margin +€1,025
up €1,025 (+78.7%), from €1,303 to €2,328
- Taxes +€404
up €404 (+8,901%), from €5 to €409
- Financial charges -€274
down €274 (-35.3%), from €775 to €501
- Financial income +€224
new in 2025: €224
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 | €10,079 | €42,124 | +€32,045 | +318% |
| Current assets | 29/58 | €10,079 | €42,124 | +€32,045 | +318% |
| Amounts receivable within one year | 40/41 | €1,823 | €19,355 | +€17,531 | +961% |
| Trade receivables | 40 | €1,823 | €19,355 | +€17,531 | +961% |
| Cash at bank and in hand | 54/58 | €8,256 | €22,770 | +€14,514 | +176% |
| Total equity and liabilities | 10/49 | €10,079 | €42,124 | +€32,045 | +318% |
| Equity | 10/15 | €4,420 | €5,543 | +€1,123 | +25.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,420 | €2,543 | +€1,123 | +79.0% |
| Amounts payable | 17/49 | €5,659 | €36,582 | +€30,923 | +546% |
| Amounts payable within one year | 42/48 | €5,659 | €36,582 | +€30,923 | +546% |
| Trade debts | 44 | €992 | €10,588 | +€9,595 | +967% |
| Suppliers | 440/4 | €992 | €10,588 | +€9,595 | +967% |
| Advances received on contracts in progress | 46 | €4,431 | €25,000 | +€20,569 | +464% |
| Taxes, remuneration and social security | 45 | €235 | €994 | +€759 | +322% |
| Taxes | 450/3 | €235 | €994 | +€759 | +322% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,303 | €2,328 | +€1,025 | +78.7% |
| Operating profit (loss) | 9901 | €797 | €1,808 | +€1,011 | +127% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €775 | €501 | -€274 | -35.3% |
| Recurring financial charges | 65 | €775 | €501 | -€274 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €23 | €1,531 | +€1,509 | +6,651% |
| Income taxes | 67/77 | €5 | €409 | +€404 | +8,901% |
| Profit (loss) for the period | 9904 | €18 | €1,123 | +€1,104 | +6,088% |
| Profit (loss) for the period to be appropriated | 9905 | €18 | €1,123 | +€1,104 | +6,088% |
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 16 October 2026 via checked.be.