CRS-Projects: 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.
CRS-Projects
Largest movements
- Receivables within one year -€12,160
down €12,160 (-55.0%), from €22,105 to €9,945
of which Other amounts receivable: -€12,490
- Tangible fixed assets -€7,045
down €7,045 (-3.5%), from €201,753 to €194,708
of which Land and buildings: -€6,387
- Trade debts -€45,565
down €45,565 (-92.1%), from €49,500 to €3,934
- Other debts +€10,904
new in 2025: €10,904
- Current portion of long-term debt +€8,042
up €8,042 (+76.9%), from €10,457 to €18,499
- Reserves +€7,546
up €7,546 (+12.5%), from €60,360 to €67,906
- Short-term financial debts +€5,646
up €5,646 (+211%), from €2,681 to €8,327
- Gross operating margin -€30,104
down €30,104 (-45.8%), from €65,761 to €35,657
- Taxes -€8,765
down €8,765 (-59.9%), from €14,635 to €5,870
- Depreciation +€6,469
up €6,469 (+93.0%), from €6,954 to €13,423
- Financial charges +€1,536
up €1,536 (+43.5%), from €3,535 to €5,071
- Other operating charges +€1,186
up €1,186 (+45.3%), from €2,615 to €3,801
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 | €224,268 | €206,039 | -€18,230 | -8.1% |
| Fixed assets | 21/28 | €201,753 | €194,708 | -€7,045 | -3.5% |
| Tangible fixed assets | 22/27 | €201,753 | €194,708 | -€7,045 | -3.5% |
| Land and buildings | 22 | €161,366 | €154,979 | -€6,387 | -4.0% |
| Plant, machinery and equipment | 23 | €23,623 | €21,240 | -€2,383 | -10.1% |
| Furniture and vehicles | 24 | €16,764 | €18,489 | +€1,725 | +10.3% |
| Current assets | 29/58 | €22,515 | €11,331 | -€11,185 | -49.7% |
| Amounts receivable within one year | 40/41 | €22,105 | €9,945 | -€12,160 | -55.0% |
| Trade receivables | 40 | €7,653 | €7,983 | +€330 | +4.3% |
| Other amounts receivable | 41 | €14,452 | €1,961 | -€12,490 | -86.4% |
| Cash at bank and in hand | 54/58 | - | €32 | +€32 | |
| Deferred charges and accrued income | 490/1 | €410 | €1,354 | +€943 | +230% |
| Total equity and liabilities | 10/49 | €224,268 | €206,039 | -€18,230 | -8.1% |
| Equity | 10/15 | €83,582 | €91,128 | +€7,546 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,360 | €67,906 | +€7,546 | +12.5% |
| Distributable reserves | 133 | €60,360 | €67,906 | +€7,546 | +12.5% |
| Profit (loss) carried forward | 14 | €4,622 | €4,622 | +€0 | 0.0% |
| Amounts payable | 17/49 | €140,686 | €114,911 | -€25,776 | -18.3% |
| Amounts payable after more than one year | 17 | €59,041 | €58,000 | -€1,040 | -1.8% |
| Financial debts | 170/4 | €59,041 | €58,000 | -€1,040 | -1.8% |
| Amounts payable within one year | 42/48 | €81,646 | €56,910 | -€24,735 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €10,457 | €18,499 | +€8,042 | +76.9% |
| Financial debts | 43 | €2,681 | €8,327 | +€5,646 | +211% |
| Credit institutions | 430/8 | €2,681 | €8,327 | +€5,646 | +211% |
| Trade debts | 44 | €49,500 | €3,934 | -€45,565 | -92.1% |
| Suppliers | 440/4 | €49,500 | €3,934 | -€45,565 | -92.1% |
| Taxes, remuneration and social security | 45 | €19,008 | €15,246 | -€3,762 | -19.8% |
| Taxes | 450/3 | €19,008 | €15,246 | -€3,762 | -19.8% |
| Other amounts payable | 47/48 | - | €10,904 | +€10,904 | |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,954 | €13,423 | +€6,469 | +93.0% |
| Other operating charges | 640/8 | €2,615 | €3,801 | +€1,186 | +45.3% |
| Gross operating margin | 9900 | €65,761 | €35,657 | -€30,104 | -45.8% |
| Operating profit (loss) | 9901 | €56,192 | €18,434 | -€37,758 | -67.2% |
| Financial income | 75/76B | €10 | €52 | +€42 | +422% |
| Recurring financial income | 75 | €10 | €52 | +€42 | +422% |
| Financial charges | 65/66B | €3,535 | €5,071 | +€1,536 | +43.5% |
| Recurring financial charges | 65 | €3,535 | €5,071 | +€1,536 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €52,667 | €13,415 | -€39,252 | -74.5% |
| Income taxes | 67/77 | €14,635 | €5,870 | -€8,765 | -59.9% |
| Profit (loss) for the period | 9904 | €38,032 | €7,546 | -€30,487 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,032 | €7,546 | -€30,487 | -80.2% |
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.