DR. CARL CROLS: 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.
DR. CARL CROLS
Largest movements
- Current investments +€390,024
up €390,024 (+161%), from €242,442 to €632,466
- Cash -€317,502
down €317,502 (-48.9%), from €649,267 to €331,766
mainly Current investments (-€390,024) and Other debts (-€5,117)
- Reserves +€74,998
up €74,998 (+9.9%), from €756,979 to €831,977
of which Distributable reserves: +€74,998
- Gross operating margin -€44,700
down €44,700 (-31.4%), from €142,252 to €97,552
- Taxes -€19,330
down €19,330 (-40.0%), from €48,275 to €28,944
- Financial income -€13,761
down €13,761 (-58.6%), from €23,471 to €9,710
- Other operating charges +€1,949
up €1,949 (+218%), from €895 to €2,844
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 | €891,925 | €964,231 | +€72,306 | +8.1% |
| Fixed assets | 21/28 | €216 | - | -€216 | |
| Tangible fixed assets | 22/27 | €216 | - | -€216 | |
| Plant, machinery and equipment | 23 | €216 | - | -€216 | |
| Current assets | 29/58 | €891,709 | €964,231 | +€72,522 | +8.1% |
| Current investments | 50/53 | €242,442 | €632,466 | +€390,024 | +161% |
| Cash at bank and in hand | 54/58 | €649,267 | €331,766 | -€317,502 | -48.9% |
| Total equity and liabilities | 10/49 | €891,925 | €964,231 | +€72,306 | +8.1% |
| Equity | 10/15 | €769,379 | €844,377 | +€74,998 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €756,979 | €831,977 | +€74,998 | +9.9% |
| Non-distributable reserves | 130/1 | €5,145 | €5,145 | = | 0.0% |
| Legal reserve | 130 | €5,145 | €5,145 | = | 0.0% |
| Distributable reserves | 133 | €751,834 | €826,832 | +€74,998 | +10.0% |
| Amounts payable | 17/49 | €122,546 | €119,854 | -€2,692 | -2.2% |
| Amounts payable within one year | 42/48 | €122,546 | €119,854 | -€2,692 | -2.2% |
| Trade debts | 44 | €40 | €1,427 | +€1,387 | +3,446% |
| Suppliers | 440/4 | €40 | €1,427 | +€1,387 | +3,446% |
| Taxes, remuneration and social security | 45 | €22,310 | €23,348 | +€1,039 | +4.7% |
| Taxes | 450/3 | €22,310 | €23,348 | +€1,039 | +4.7% |
| Other amounts payable | 47/48 | €100,196 | €95,078 | -€5,117 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €216 | -€144 | -40.1% |
| Other operating charges | 640/8 | €895 | €2,844 | +€1,949 | +218% |
| Gross operating margin | 9900 | €142,252 | €97,552 | -€44,700 | -31.4% |
| Operating profit (loss) | 9901 | €140,997 | €94,493 | -€46,504 | -33.0% |
| Financial income | 75/76B | €23,471 | €9,710 | -€13,761 | -58.6% |
| Recurring financial income | 75 | €23,471 | €9,710 | -€13,761 | -58.6% |
| Financial charges | 65/66B | €121 | €260 | +€139 | +114% |
| Recurring financial charges | 65 | €121 | €260 | +€139 | +114% |
| Profit (loss) for the period before taxes | 9903 | €164,347 | €103,942 | -€60,404 | -36.8% |
| Income taxes | 67/77 | €48,275 | €28,944 | -€19,330 | -40.0% |
| Profit (loss) for the period | 9904 | €116,072 | €74,998 | -€41,074 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,072 | €74,998 | -€41,074 | -35.4% |
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 31 October 2026 via checked.be.