Crunch Analytics: 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.
Crunch Analytics
Largest movements
- Receivables within one year -€540,662
down €540,662 (-33.5%), from €1.6m to €1.1m
of which Trade receivables: -€413,683
- Receivables after one year +€187,142
new in 2025: €187,142
- Intangible fixed assets -€159,372
down €159,372 (-60.1%), from €265,119 to €105,747
- Deferred charges and accrued income -€137,028
down €137,028 (-85.8%), from €159,782 to €22,754
- Cash +€64,339
up €64,339 (+71.6%), from €89,830 to €154,169
mainly Receivables within one year (+€540,662) and Net result for the year (+€315,491)
- Trade debts -€490,587
down €490,587 (-42.1%), from €1.2m to €675,664
- Profit (loss) carried forward +€315,491
up €315,491 (+141.5%), from €222,949 to €538,440
- Accrued charges and deferred income -€272,196
down €272,196 (-68.5%), from €397,474 to €125,277
- Current portion of long-term debt -€53,106
down €53,106 (-37.7%), from €140,794 to €87,688
- Tax, wage and social debts -€52,586
down €52,586 (-33.6%), from €156,677 to €104,091
of which Remuneration and social security: -€48,479
- Staff costs -€381,780
down €381,780 (-27.8%), from €1.4m to €990,669
- Gross operating margin -€83,657
down €83,657 (-5.8%), from €1.4m to €1.4m
- Depreciation -€33,778
down €33,778 (-45.7%), from €73,847 to €40,070
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,173,095 | €1,592,110 | -€580,985 | -26.7% |
| Fixed assets | 21/28 | €307,884 | €153,108 | -€154,776 | -50.3% |
| Intangible fixed assets | 21 | €265,119 | €105,747 | -€159,372 | -60.1% |
| Tangible fixed assets | 22/27 | €36,665 | €41,261 | +€4,596 | +12.5% |
| Plant, machinery and equipment | 23 | €16,548 | €19,494 | +€2,946 | +17.8% |
| Furniture and vehicles | 24 | €8,729 | €4,962 | -€3,766 | -43.1% |
| Other tangible fixed assets | 26 | €11,389 | €16,805 | +€5,416 | +47.6% |
| Financial fixed assets | 28 | €6,100 | €6,100 | = | 0.0% |
| Current assets | 29/58 | €1,865,211 | €1,439,003 | -€426,209 | -22.9% |
| Amounts receivable after more than one year | 29 | - | €187,142 | +€187,142 | |
| Other amounts receivable | 291 | - | €187,142 | +€187,142 | |
| Amounts receivable within one year | 40/41 | €1,615,599 | €1,074,938 | -€540,662 | -33.5% |
| Trade receivables | 40 | €1,349,843 | €936,160 | -€413,683 | -30.6% |
| Other amounts receivable | 41 | €265,756 | €138,777 | -€126,979 | -47.8% |
| Cash at bank and in hand | 54/58 | €89,830 | €154,169 | +€64,339 | +71.6% |
| Deferred charges and accrued income | 490/1 | €159,782 | €22,754 | -€137,028 | -85.8% |
| Total equity and liabilities | 10/49 | €2,173,095 | €1,592,110 | -€580,985 | -26.7% |
| Equity | 10/15 | €243,409 | €558,900 | +€315,491 | +129.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,949 | €538,440 | +€315,491 | +141.5% |
| Amounts payable | 17/49 | €1,929,686 | €1,033,210 | -€896,476 | -46.5% |
| Amounts payable after more than one year | 17 | €58,550 | €30,550 | -€28,000 | -47.8% |
| Financial debts | 170/4 | €58,550 | €30,550 | -€28,000 | -47.8% |
| Amounts payable within one year | 42/48 | €1,473,662 | €877,383 | -€596,279 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €140,794 | €87,688 | -€53,106 | -37.7% |
| Trade debts | 44 | €1,166,251 | €675,664 | -€490,587 | -42.1% |
| Suppliers | 440/4 | €1,166,251 | €675,664 | -€490,587 | -42.1% |
| Taxes, remuneration and social security | 45 | €156,677 | €104,091 | -€52,586 | -33.6% |
| Taxes | 450/3 | €4,764 | €657 | -€4,107 | -86.2% |
| Remuneration and social security | 454/9 | €151,912 | €103,434 | -€48,479 | -31.9% |
| Other amounts payable | 47/48 | €9,941 | €9,941 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397,474 | €125,277 | -€272,196 | -68.5% |
| Non-recurring operating income | 76A | - | €2,782 | +€2,782 | |
| Remuneration, social security and pensions | 62 | €1,372,449 | €990,669 | -€381,780 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,847 | €40,070 | -€33,778 | -45.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,460 | - | -€8,460 | |
| Other operating charges | 640/8 | €12,971 | €4,513 | -€8,458 | -65.2% |
| Gross operating margin | 9900 | €1,436,354 | €1,352,698 | -€83,657 | -5.8% |
| Operating profit (loss) | 9901 | -€31,374 | €317,446 | +€348,820 | |
| Financial income | 75/76B | €2,206 | €15,325 | +€13,119 | +594.6% |
| Recurring financial income | 75 | €2,206 | €3,813 | +€1,606 | +72.8% |
| Non-recurring financial income | 76B | - | €11,512 | +€11,512 | |
| Financial charges | 65/66B | €19,832 | €16,538 | -€3,293 | -16.6% |
| Recurring financial charges | 65 | €19,832 | €16,538 | -€3,293 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€48,999 | €316,233 | +€365,232 | |
| Income taxes | 67/77 | €1,363 | €742 | -€621 | -45.6% |
| Profit (loss) for the period | 9904 | -€50,362 | €315,491 | +€365,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,362 | €315,491 | +€365,853 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.