DR. K. 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.
DR. K. CROMBEZ
Largest movements
- Current investments +€346,250
new in 2025: €346,250
- Cash -€162,858
down €162,858 (-51.7%), from €314,796 to €151,938
mainly Current investments (-€346,250) and Debts after one year (-€19,080)
- Tangible fixed assets -€19,461
down €19,461 (-33.4%), from €58,336 to €38,874
of which Furniture and vehicles: -€19,799
- Receivables within one year -€10,702
down €10,702 (-86.3%), from €12,405 to €1,703
- Reserves +€161,075
up €161,075 (+46.5%), from €346,117 to €507,192
- Tax, wage and social debts +€22,019
up €22,019 (+9,175%), from €240 to €22,259
- Debts after one year -€19,080
down €19,080 (-52.0%), from €36,679 to €17,599
- Contributions -€9,400
down €9,400 (-75.8%), from €12,400 to €3,000
- Gross operating margin +€143,660
up €143,660 (+122%), from €117,694 to €261,354
- Taxes +€44,341
up €44,341 (+158%), from €27,995 to €72,335
- Financial charges +€3,634
up €3,634 (+639%), from €569 to €4,203
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 | €424,888 | €577,116 | +€152,228 | +35.8% |
| Fixed assets | 21/28 | €59,908 | €40,446 | -€19,461 | -32.5% |
| Tangible fixed assets | 22/27 | €58,336 | €38,874 | -€19,461 | -33.4% |
| Plant, machinery and equipment | 23 | €1,236 | €1,574 | +€338 | +27.4% |
| Furniture and vehicles | 24 | €57,100 | €37,301 | -€19,799 | -34.7% |
| Financial fixed assets | 28 | €1,572 | €1,572 | = | 0.0% |
| Current assets | 29/58 | €364,980 | €536,669 | +€171,689 | +47.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,405 | €1,703 | -€10,702 | -86.3% |
| Other amounts receivable | 41 | €12,405 | €1,703 | -€10,702 | -86.3% |
| Current investments | 50/53 | - | €346,250 | +€346,250 | |
| Cash at bank and in hand | 54/58 | €314,796 | €151,938 | -€162,858 | -51.7% |
| Deferred charges and accrued income | 490/1 | €7,779 | €6,779 | -€1,001 | -12.9% |
| Total equity and liabilities | 10/49 | €424,888 | €577,116 | +€152,228 | +35.8% |
| Equity | 10/15 | €359,206 | €510,893 | +€151,687 | +42.2% |
| Contributions | 10/11 | €12,400 | €3,000 | -€9,400 | -75.8% |
| Reserves | 13 | €346,117 | €507,192 | +€161,075 | +46.5% |
| Distributable reserves | 133 | €346,117 | €507,192 | +€161,075 | +46.5% |
| Profit (loss) carried forward | 14 | €688 | €701 | +€12 | +1.8% |
| Amounts payable | 17/49 | €65,682 | €66,223 | +€541 | +0.8% |
| Amounts payable after more than one year | 17 | €36,679 | €17,599 | -€19,080 | -52.0% |
| Financial debts | 170/4 | €36,679 | €17,599 | -€19,080 | -52.0% |
| Amounts payable within one year | 42/48 | €29,003 | €48,624 | +€19,620 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €18,956 | €19,080 | +€124 | +0.7% |
| Trade debts | 44 | €9,248 | €7,285 | -€1,963 | -21.2% |
| Suppliers | 440/4 | €9,248 | €7,285 | -€1,963 | -21.2% |
| Taxes, remuneration and social security | 45 | €240 | €22,259 | +€22,019 | +9,175% |
| Taxes | 450/3 | €240 | €22,259 | +€22,019 | +9,175% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,455 | €20,540 | +€85 | +0.4% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €117,694 | €261,354 | +€143,660 | +122% |
| Operating profit (loss) | 9901 | €97,124 | €240,688 | +€143,565 | +148% |
| Financial income | 75/76B | €849 | €1,187 | +€338 | +39.8% |
| Recurring financial income | 75 | €849 | €1,187 | +€338 | +39.8% |
| Financial charges | 65/66B | €569 | €4,203 | +€3,634 | +639% |
| Recurring financial charges | 65 | €569 | €4,203 | +€3,634 | +639% |
| Profit (loss) for the period before taxes | 9903 | €97,404 | €237,673 | +€140,269 | +144% |
| Income taxes | 67/77 | €27,995 | €72,335 | +€44,341 | +158% |
| Profit (loss) for the period | 9904 | €69,409 | €165,337 | +€95,929 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €69,409 | €165,337 | +€95,929 | +138% |
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 28 October 2026 via checked.be.