De Craene Thibault: 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.
De Craene Thibault
Largest movements
- Cash +€18,708
up €18,708 (+345%), from €5,420 to €24,128
mainly Depreciation (+€11,976) and Net result for the year (+€7,250)
- Tangible fixed assets -€9,958
down €9,958 (-51.2%), from €19,454 to €9,497
of which Furniture and vehicles: -€8,715
- Reserves +€7,200
up €7,200 (+17.8%), from €40,400 to €47,600
- Trade debts +€6,745
up €6,745 (+214%), from €3,145 to €9,890
- Current portion of long-term debt -€6,334
down €6,334 (-85.1%), from €7,439 to €1,106
- Tax, wage and social debts +€2,171
up €2,171 (+71.0%), from €3,056 to €5,228
- Debts after one year -€1,105
no longer reported in 2025 (was €1,105)
- Gross operating margin +€3,119
up €3,119 (+16.0%), from €19,454 to €22,573
- Taxes +€660
up €660 (+28.9%), from €2,284 to €2,944
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 | €57,414 | €66,141 | +€8,728 | +15.2% |
| Fixed assets | 21/28 | €19,454 | €9,497 | -€9,958 | -51.2% |
| Tangible fixed assets | 22/27 | €19,454 | €9,497 | -€9,958 | -51.2% |
| Plant, machinery and equipment | 23 | €7,004 | €5,761 | -€1,243 | -17.7% |
| Furniture and vehicles | 24 | €12,450 | €3,735 | -€8,715 | -70.0% |
| Current assets | 29/58 | €37,959 | €56,645 | +€18,685 | +49.2% |
| Amounts receivable within one year | 40/41 | €32,539 | €31,939 | -€600 | -1.8% |
| Trade receivables | 40 | €18,822 | €23,730 | +€4,908 | +26.1% |
| Other amounts receivable | 41 | €13,717 | €8,209 | -€5,508 | -40.2% |
| Cash at bank and in hand | 54/58 | €5,420 | €24,128 | +€18,708 | +345% |
| Deferred charges and accrued income | 490/1 | - | €577 | +€577 | |
| Total equity and liabilities | 10/49 | €57,414 | €66,141 | +€8,728 | +15.2% |
| Equity | 10/15 | €42,668 | €49,918 | +€7,250 | +17.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,400 | €47,600 | +€7,200 | +17.8% |
| Distributable reserves | 133 | €40,400 | €47,600 | +€7,200 | +17.8% |
| Profit (loss) carried forward | 14 | €268 | €318 | +€50 | +18.5% |
| Amounts payable | 17/49 | €14,746 | €16,223 | +€1,478 | +10.0% |
| Amounts payable after more than one year | 17 | €1,105 | - | -€1,105 | |
| Financial debts | 170/4 | €1,105 | - | -€1,105 | |
| Amounts payable within one year | 42/48 | €13,641 | €16,223 | +€2,582 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €7,439 | €1,106 | -€6,334 | -85.1% |
| Trade debts | 44 | €3,145 | €9,890 | +€6,745 | +214% |
| Suppliers | 440/4 | €3,145 | €9,890 | +€6,745 | +214% |
| Taxes, remuneration and social security | 45 | €3,056 | €5,228 | +€2,171 | +71.0% |
| Taxes | 450/3 | €3,056 | €5,228 | +€2,171 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,038 | €11,976 | -€61 | -0.5% |
| Other operating charges | 640/8 | €501 | €526 | +€25 | +5.0% |
| Gross operating margin | 9900 | €19,454 | €22,573 | +€3,119 | +16.0% |
| Operating profit (loss) | 9901 | €6,916 | €10,070 | +€3,155 | +45.6% |
| Financial income | 75/76B | €146 | €320 | +€173 | +119% |
| Recurring financial income | 75 | €146 | €320 | +€173 | +119% |
| Financial charges | 65/66B | €348 | €197 | -€152 | -43.6% |
| Recurring financial charges | 65 | €348 | €197 | -€152 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €6,713 | €10,194 | +€3,480 | +51.8% |
| Income taxes | 67/77 | €2,284 | €2,944 | +€660 | +28.9% |
| Profit (loss) for the period | 9904 | €4,429 | €7,250 | +€2,820 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,429 | €7,250 | +€2,820 | +63.7% |
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.