Crown Graphic: 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.
Crown Graphic
Largest movements
- Receivables within one year +€73,046
up €73,046 (+18.5%), from €395,291 to €468,337
of which Trade receivables: +€75,642
- Cash -€52,617
down €52,617 (-83.1%), from €63,283 to €10,666
mainly Receivables within one year (-€73,046) and Investment in fixed assets (net) (-€17,360)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€23,116
up €23,116 (+834%), from €2,772 to €25,889
- Staff costs -€4,791
down €4,791 (-3.1%), from €155,222 to €150,431
- Turnover +€4,662
up €4,662 (+2.2%), from €212,996 to €217,658
- Services and other goods -€2,203
down €2,203 (-13.0%), from €16,984 to €14,782
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 | €4,689,063 | €4,700,964 | +€11,901 | +0.3% |
| Fixed assets | 21/28 | €4,230,490 | €4,221,962 | -€8,528 | -0.2% |
| Tangible fixed assets | 22/27 | €43,474 | €34,946 | -€8,528 | -19.6% |
| Furniture and vehicles | 24 | €43,474 | €34,946 | -€8,528 | -19.6% |
| Financial fixed assets | 28 | €4,187,016 | €4,187,016 | = | 0.0% |
| Affiliated companies | 280/1 | €4,187,016 | €4,187,016 | = | 0.0% |
| Participating interests | 280 | €4,187,016 | €4,187,016 | = | 0.0% |
| Current assets | 29/58 | €458,573 | €479,002 | +€20,429 | +4.5% |
| Amounts receivable within one year | 40/41 | €395,291 | €468,337 | +€73,046 | +18.5% |
| Trade receivables | 40 | €378,838 | €454,480 | +€75,642 | +20.0% |
| Other amounts receivable | 41 | €16,453 | €13,857 | -€2,596 | -15.8% |
| Cash at bank and in hand | 54/58 | €63,283 | €10,666 | -€52,617 | -83.1% |
| Total equity and liabilities | 10/49 | €4,689,063 | €4,700,964 | +€11,901 | +0.3% |
| Equity | 10/15 | €4,599,038 | €4,623,615 | +€24,578 | +0.5% |
| Contributions | 10/11 | €4,423,500 | €4,423,500 | = | 0.0% |
| Capital | 10 | €4,423,500 | €4,423,500 | = | 0.0% |
| Issued capital | 100 | €4,423,500 | €4,423,500 | = | 0.0% |
| Reserves | 13 | €119,769 | €120,998 | +€1,229 | +1.0% |
| Non-distributable reserves | 130/1 | €109,274 | €110,503 | +€1,229 | +1.1% |
| Legal reserve | 130 | €109,274 | €110,503 | +€1,229 | +1.1% |
| Distributable reserves | 133 | €10,495 | €10,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,769 | €79,118 | +€23,349 | +41.9% |
| Amounts payable | 17/49 | €90,025 | €77,349 | -€12,677 | -14.1% |
| Amounts payable after more than one year | 17 | €34,947 | €30,562 | -€4,385 | -12.5% |
| Financial debts | 170/4 | €34,947 | €30,562 | -€4,385 | -12.5% |
| Leasing and similar obligations | 172 | €34,947 | €30,562 | -€4,385 | -12.5% |
| Amounts payable within one year | 42/48 | €55,078 | €46,787 | -€8,291 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €8,595 | €4,385 | -€4,210 | -49.0% |
| Trade debts | 44 | €42,158 | €40,863 | -€1,296 | -3.1% |
| Suppliers | 440/4 | €42,158 | €40,863 | -€1,296 | -3.1% |
| Taxes, remuneration and social security | 45 | €4,325 | €1,539 | -€2,786 | -64.4% |
| Remuneration and social security | 454/9 | €4,325 | €1,539 | -€2,786 | -64.4% |
| Operating income | 70/76A | €214,796 | €219,426 | +€4,630 | +2.2% |
| Turnover | 70 | €212,996 | €217,658 | +€4,662 | +2.2% |
| Other operating income | 74 | €1,800 | €1,768 | -€32 | -1.8% |
| Operating charges | 60/66A | €174,979 | €191,101 | +€16,123 | +9.2% |
| Services and other goods | 61 | €16,984 | €14,782 | -€2,203 | -13.0% |
| Remuneration, social security and pensions | 62 | €155,222 | €150,431 | -€4,791 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,772 | €25,889 | +€23,116 | +834% |
| Operating profit (loss) | 9901 | €39,817 | €28,325 | -€11,492 | -28.9% |
| Financial charges | 65/66B | €3,816 | €3,747 | -€69 | -1.8% |
| Recurring financial charges | 65 | €3,816 | €3,747 | -€69 | -1.8% |
| Other financial charges | 652/9 | €3,816 | €3,747 | -€69 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €36,001 | €24,578 | -€11,424 | -31.7% |
| Income taxes | 67/77 | €185 | - | -€185 | |
| Taxes | 670/3 | €185 | - | -€185 | |
| Profit (loss) for the period | 9904 | €35,816 | €24,578 | -€11,238 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,816 | €24,578 | -€11,238 | -31.4% |
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.