CRUYDT: 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.
CRUYDT
Largest movements
- Stocks and contracts -€74,214
down €74,214 (-7.8%), from €950,831 to €876,617
- Cash +€44,759
up €44,759 (+211%), from €21,249 to €66,008
mainly Stocks and contracts (+€74,214) and Depreciation (+€65,327)
- Receivables within one year -€38,172
down €38,172 (-17.2%), from €221,819 to €183,647
of which Trade receivables: -€75,876
- Tangible fixed assets -€23,804
down €23,804 (-11.1%), from €214,229 to €190,425
of which Furniture and vehicles: -€27,235
- Trade debts -€128,041
down €128,041 (-58.2%), from €220,128 to €92,087
- Short-term financial debts +€30,081
up €30,081 (+12.0%), from €250,000 to €280,081
- Tax, wage and social debts +€22,643
up €22,643 (+16.7%), from €135,291 to €157,933
of which Remuneration and social security: +€16,471
- Debts after one year -€20,670
down €20,670 (-26.8%), from €77,046 to €56,376
- Gross operating margin -€109,963
down €109,963 (-22.8%), from €482,207 to €372,244
- Staff costs +€49,405
up €49,405 (+22.9%), from €215,468 to €264,872
- Taxes -€48,068
down €48,068 (-92.6%), from €51,913 to €3,844
- Financial charges -€10,988
down €10,988 (-23.5%), from €46,796 to €35,809
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 | €1,410,034 | €1,319,261 | -€90,774 | -6.4% |
| Fixed assets | 21/28 | €214,229 | €190,425 | -€23,804 | -11.1% |
| Tangible fixed assets | 22/27 | €214,229 | €190,425 | -€23,804 | -11.1% |
| Land and buildings | 22 | €60,749 | €77,245 | +€16,496 | +27.2% |
| Plant, machinery and equipment | 23 | €38,713 | €25,648 | -€13,065 | -33.7% |
| Furniture and vehicles | 24 | €114,767 | €87,532 | -€27,235 | -23.7% |
| Current assets | 29/58 | €1,195,805 | €1,128,835 | -€66,969 | -5.6% |
| Stocks and contracts in progress | 3 | €950,831 | €876,617 | -€74,214 | -7.8% |
| Stocks | 30/36 | €950,831 | €876,617 | -€74,214 | -7.8% |
| Amounts receivable within one year | 40/41 | €221,819 | €183,647 | -€38,172 | -17.2% |
| Trade receivables | 40 | €221,556 | €145,680 | -€75,876 | -34.2% |
| Other amounts receivable | 41 | €263 | €37,967 | +€37,704 | +14,326% |
| Cash at bank and in hand | 54/58 | €21,249 | €66,008 | +€44,759 | +211% |
| Deferred charges and accrued income | 490/1 | €1,906 | €2,564 | +€658 | +34.5% |
| Total equity and liabilities | 10/49 | €1,410,034 | €1,319,261 | -€90,774 | -6.4% |
| Equity | 10/15 | €362,833 | €368,377 | +€5,544 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €342,833 | €348,377 | +€5,544 | +1.6% |
| Tax-exempt reserves | 132 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €318,833 | €324,377 | +€5,544 | +1.7% |
| Amounts payable | 17/49 | €1,047,201 | €950,884 | -€96,318 | -9.2% |
| Amounts payable after more than one year | 17 | €77,046 | €56,376 | -€20,670 | -26.8% |
| Financial debts | 170/4 | €77,046 | €56,376 | -€20,670 | -26.8% |
| Amounts payable within one year | 42/48 | €970,155 | €894,508 | -€75,647 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €24,264 | €27,817 | +€3,553 | +14.6% |
| Financial debts | 43 | €250,000 | €280,081 | +€30,081 | +12.0% |
| Credit institutions | 430/8 | €250,000 | €280,081 | +€30,081 | +12.0% |
| Trade debts | 44 | €220,128 | €92,087 | -€128,041 | -58.2% |
| Suppliers | 440/4 | €220,128 | €92,087 | -€128,041 | -58.2% |
| Taxes, remuneration and social security | 45 | €135,291 | €157,933 | +€22,643 | +16.7% |
| Taxes | 450/3 | €104,042 | €110,214 | +€6,171 | +5.9% |
| Remuneration and social security | 454/9 | €31,248 | €47,719 | +€16,471 | +52.7% |
| Other amounts payable | 47/48 | €340,473 | €336,590 | -€3,883 | -1.1% |
| Remuneration, social security and pensions | 62 | €215,468 | €264,872 | +€49,405 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,274 | €65,327 | -€3,947 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,031 | +€1,031 | |
| Other operating charges | 640/8 | €7,662 | €6,014 | -€1,648 | -21.5% |
| Gross operating margin | 9900 | €482,207 | €372,244 | -€109,963 | -22.8% |
| Operating profit (loss) | 9901 | €189,804 | €35,000 | -€154,804 | -81.6% |
| Financial income | 75/76B | €6,082 | €10,198 | +€4,115 | +67.7% |
| Recurring financial income | 75 | €6,082 | €10,198 | +€4,115 | +67.7% |
| Financial charges | 65/66B | €46,796 | €35,809 | -€10,988 | -23.5% |
| Recurring financial charges | 65 | €46,796 | €35,809 | -€10,988 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €149,090 | €9,389 | -€139,701 | -93.7% |
| Income taxes | 67/77 | €51,913 | €3,844 | -€48,068 | -92.6% |
| Profit (loss) for the period | 9904 | €97,177 | €5,544 | -€91,633 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,177 | €5,544 | -€91,633 | -94.3% |
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 25 October 2026 via checked.be.