Dr. M. Cromheecke: 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. M. Cromheecke
Largest movements
- Current investments -€125,000
down €125,000 (-100%), from €125,000 to €0
- Cash +€113,740
up €113,740 (+96.3%), from €118,136 to €231,876
mainly Net result for the year (+€290,564) and Current investments (+€125,000)
- Tangible fixed assets +€4,112
up €4,112 (+60.7%), from €6,776 to €10,889
of which Plant, machinery and equipment: +€4,191
- Deferred charges and accrued income +€3,124
up €3,124 (+5.9%), from €52,936 to €56,059
- Tax, wage and social debts -€39,776
down €39,776 (-93.3%), from €42,642 to €2,866
- Reserves +€29,689
up €29,689 (+11.4%), from €260,875 to €290,564
- Trade debts +€4,333
up €4,333 (+293%), from €1,478 to €5,812
- Gross operating margin +€143,056
up €143,056 (+58.0%), from €246,719 to €389,776
- Taxes +€35,830
up €35,830 (+56.8%), from €63,108 to €98,938
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 | €307,995 | €302,242 | -€5,753 | -1.9% |
| Fixed assets | 21/28 | €11,281 | €13,892 | +€2,611 | +23.1% |
| Tangible fixed assets | 22/27 | €6,776 | €10,889 | +€4,112 | +60.7% |
| Plant, machinery and equipment | 23 | €5,308 | €9,499 | +€4,191 | +79.0% |
| Furniture and vehicles | 24 | €1,469 | €1,390 | -€79 | -5.4% |
| Financial fixed assets | 28 | €4,505 | €3,003 | -€1,502 | -33.3% |
| Current assets | 29/58 | €296,715 | €288,350 | -€8,364 | -2.8% |
| Amounts receivable within one year | 40/41 | €643 | €415 | -€228 | -35.4% |
| Other amounts receivable | 41 | €643 | €415 | -€228 | -35.4% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100% |
| Cash at bank and in hand | 54/58 | €118,136 | €231,876 | +€113,740 | +96.3% |
| Deferred charges and accrued income | 490/1 | €52,936 | €56,059 | +€3,124 | +5.9% |
| Total equity and liabilities | 10/49 | €307,995 | €302,242 | -€5,753 | -1.9% |
| Equity | 10/15 | €263,875 | €293,564 | +€29,689 | +11.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €260,875 | €290,564 | +€29,689 | +11.4% |
| Distributable reserves | 133 | €260,875 | €290,564 | +€29,689 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,121 | €8,678 | -€35,443 | -80.3% |
| Amounts payable within one year | 42/48 | €44,121 | €8,678 | -€35,443 | -80.3% |
| Trade debts | 44 | €1,478 | €5,812 | +€4,333 | +293% |
| Suppliers | 440/4 | €1,478 | €5,812 | +€4,333 | +293% |
| Taxes, remuneration and social security | 45 | €42,642 | €2,866 | -€39,776 | -93.3% |
| Taxes | 450/3 | €42,642 | €2,866 | -€39,776 | -93.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,749 | €3,764 | +€1,015 | +36.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €246,719 | €389,776 | +€143,056 | +58.0% |
| Operating profit (loss) | 9901 | €243,830 | €385,868 | +€142,038 | +58.3% |
| Financial income | 75/76B | €2,259 | €3,725 | +€1,466 | +64.9% |
| Recurring financial income | 75 | €2,259 | €3,562 | +€1,302 | +57.6% |
| Non-recurring financial income | 76B | - | €164 | +€164 | |
| Financial charges | 65/66B | €392 | €92 | -€300 | -76.6% |
| Recurring financial charges | 65 | €392 | €92 | -€300 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €245,698 | €389,502 | +€143,804 | +58.5% |
| Income taxes | 67/77 | €63,108 | €98,938 | +€35,830 | +56.8% |
| Profit (loss) for the period | 9904 | €182,590 | €290,564 | +€107,974 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €182,590 | €290,564 | +€107,974 | +59.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.