DIDIER CROMBEZ: 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.
DIDIER CROMBEZ
Largest movements
- Tangible fixed assets +€136,608
up €136,608 (+40.0%), from €341,557 to €478,165
of which Plant, machinery and equipment: +€137,172
- Receivables within one year -€46,896
down €46,896 (-56.2%), from €83,477 to €36,581
of which Trade receivables: -€45,353
- Debts after one year +€124,811
up €124,811 (+53.0%), from €235,454 to €360,265
- Trade debts -€23,990
down €23,990 (-73.6%), from €32,592 to €8,602
- Current portion of long-term debt -€11,378
down €11,378 (-20.3%), from €56,138 to €44,760
- Gross operating margin +€28,262
up €28,262 (+23.2%), from €121,557 to €149,819
- Depreciation +€7,018
up €7,018 (+7.4%), from €95,253 to €102,271
- Financial charges +€3,163
up €3,163 (+83.6%), from €3,782 to €6,945
- Staff costs +€2,872
up €2,872 (+8.1%), from €35,588 to €38,459
- Financial income -€1,616
down €1,616 (-100.0%), from €1,616 to €0
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 | €458,028 | €547,133 | +€89,105 | +19.5% |
| Fixed assets | 21/28 | €341,607 | €478,215 | +€136,608 | +40.0% |
| Tangible fixed assets | 22/27 | €341,557 | €478,165 | +€136,608 | +40.0% |
| Plant, machinery and equipment | 23 | €340,993 | €478,165 | +€137,172 | +40.2% |
| Furniture and vehicles | 24 | €563 | - | -€563 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €116,422 | €68,918 | -€47,504 | -40.8% |
| Stocks and contracts in progress | 3 | €5,725 | €4,150 | -€1,574 | -27.5% |
| Stocks | 30/36 | €5,725 | €4,150 | -€1,574 | -27.5% |
| Amounts receivable within one year | 40/41 | €83,477 | €36,581 | -€46,896 | -56.2% |
| Trade receivables | 40 | €76,617 | €31,264 | -€45,353 | -59.2% |
| Other amounts receivable | 41 | €6,860 | €5,317 | -€1,543 | -22.5% |
| Cash at bank and in hand | 54/58 | €23,714 | €25,139 | +€1,425 | +6.0% |
| Deferred charges and accrued income | 490/1 | €3,505 | €3,047 | -€458 | -13.1% |
| Total equity and liabilities | 10/49 | €458,028 | €547,133 | +€89,105 | +19.5% |
| Equity | 10/15 | €120,331 | €122,055 | +€1,724 | +1.4% |
| Contributions | 10/11 | €6,198 | €6,198 | = | 0.0% |
| Reserves | 13 | €113,745 | €113,745 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,361 | €5,361 | = | 0.0% |
| Distributable reserves | 133 | €108,385 | €108,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €388 | €2,112 | +€1,724 | +444% |
| Amounts payable | 17/49 | €337,697 | €425,078 | +€87,381 | +25.9% |
| Amounts payable after more than one year | 17 | €235,454 | €360,265 | +€124,811 | +53.0% |
| Financial debts | 170/4 | €235,454 | €360,265 | +€124,811 | +53.0% |
| Amounts payable within one year | 42/48 | €102,243 | €64,813 | -€37,430 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €56,138 | €44,760 | -€11,378 | -20.3% |
| Trade debts | 44 | €32,592 | €8,602 | -€23,990 | -73.6% |
| Suppliers | 440/4 | €32,592 | €8,602 | -€23,990 | -73.6% |
| Taxes, remuneration and social security | 45 | €7,489 | €9,166 | +€1,677 | +22.4% |
| Taxes | 450/3 | €320 | €318 | -€2 | -0.6% |
| Remuneration and social security | 454/9 | €7,169 | €8,848 | +€1,679 | +23.4% |
| Other amounts payable | 47/48 | €6,024 | €2,284 | -€3,740 | -62.1% |
| Non-recurring operating income | 76A | - | €45,980 | +€45,980 | |
| Remuneration, social security and pensions | 62 | €35,588 | €38,459 | +€2,872 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,253 | €102,271 | +€7,018 | +7.4% |
| Other operating charges | 640/8 | €1,497 | €420 | -€1,077 | -72.0% |
| Gross operating margin | 9900 | €121,557 | €149,819 | +€28,262 | +23.2% |
| Operating profit (loss) | 9901 | -€10,780 | €8,668 | +€19,449 | |
| Financial income | 75/76B | €1,616 | €0 | -€1,616 | -100.0% |
| Recurring financial income | 75 | €1,616 | €0 | -€1,616 | -100.0% |
| Financial charges | 65/66B | €3,782 | €6,945 | +€3,163 | +83.6% |
| Recurring financial charges | 65 | €3,782 | €6,945 | +€3,163 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,946 | €1,724 | +€14,669 | |
| Profit (loss) for the period | 9904 | -€12,946 | €1,724 | +€14,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,946 | €1,724 | +€14,669 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.