ERWIN CRICKX: what changed
Two fiscal 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.
ERWIN CRICKX
Largest movements
- Receivables within one year -€20,522
down €20,522 (-79.6%), from €25,795 to €5,272
of which Trade receivables: -€20,522
- Stocks and contracts +€11,215
up €11,215 (+3.7%), from €305,016 to €316,231
- Cash -€7,659
down €7,659 (-96.5%), from €7,939 to €281
mainly Debts after one year (-€38,855) and Investment in fixed assets (net) (-€24,179)
- Tangible fixed assets -€5,386
down €5,386 (-3.4%), from €159,768 to €154,382
of which Other tangible fixed assets: -€8,614
- Debts after one year -€38,855
down €38,855 (-32.8%), from €118,481 to €79,626
- Other debts +€8,734
up €8,734 (+3.1%), from €280,011 to €288,744
- Short-term financial debts +€7,830
up €7,830 (+22.8%), from €34,370 to €42,200
- Current portion of long-term debt +€6,772
up €6,772 (+21.1%), from €32,083 to €38,855
- Gross operating margin -€9,323
down €9,323 (-18.5%), from €50,361 to €41,038
- Other operating charges -€4,363
down €4,363 (-81.1%), from €5,379 to €1,016
- Taxes -€1,270
down €1,270 (-84.5%), from €1,503 to €233
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.
Cash bridge derived
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 | €501,344 | €480,880 | -€20,464 | -4.1% |
| Fixed assets | 21/28 | €159,768 | €154,382 | -€5,386 | -3.4% |
| Tangible fixed assets | 22/27 | €159,768 | €154,382 | -€5,386 | -3.4% |
| Land and buildings | 22 | €87,185 | €93,376 | +€6,191 | +7.1% |
| Plant, machinery and equipment | 23 | €3,883 | €3,418 | -€465 | -12.0% |
| Furniture and vehicles | 24 | €3,593 | €1,095 | -€2,498 | -69.5% |
| Other tangible fixed assets | 26 | €65,107 | €56,493 | -€8,614 | -13.2% |
| Current assets | 29/58 | €341,576 | €326,498 | -€15,078 | -4.4% |
| Stocks and contracts in progress | 3 | €305,016 | €316,231 | +€11,215 | +3.7% |
| Stocks | 30/36 | €305,016 | €316,231 | +€11,215 | +3.7% |
| Amounts receivable within one year | 40/41 | €25,795 | €5,272 | -€20,522 | -79.6% |
| Trade receivables | 40 | €25,795 | €5,272 | -€20,522 | -79.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,939 | €281 | -€7,659 | -96.5% |
| Deferred charges and accrued income | 490/1 | €2,826 | €4,714 | +€1,889 | +66.8% |
| Total equity and liabilities | 10/49 | €501,344 | €480,880 | -€20,464 | -4.1% |
| Equity | 10/15 | €29,276 | €29,897 | +€621 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,676 | €11,297 | +€621 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,816 | €9,437 | +€621 | +7.0% |
| Amounts payable | 17/49 | €472,068 | €450,983 | -€21,084 | -4.5% |
| Amounts payable after more than one year | 17 | €118,481 | €79,626 | -€38,855 | -32.8% |
| Financial debts | 170/4 | €118,481 | €79,626 | -€38,855 | -32.8% |
| Amounts payable within one year | 42/48 | €353,586 | €371,357 | +€17,771 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €32,083 | €38,855 | +€6,772 | +21.1% |
| Financial debts | 43 | €34,370 | €42,200 | +€7,830 | +22.8% |
| Credit institutions | 430/8 | €34,370 | €42,200 | +€7,830 | +22.8% |
| Trade debts | 44 | €2,225 | €972 | -€1,253 | -56.3% |
| Suppliers | 440/4 | €2,225 | €972 | -€1,253 | -56.3% |
| Taxes, remuneration and social security | 45 | €4,897 | €585 | -€4,312 | -88.0% |
| Taxes | 450/3 | €4,897 | €585 | -€4,312 | -88.0% |
| Other amounts payable | 47/48 | €280,011 | €288,744 | +€8,734 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,819 | €29,565 | -€254 | -0.9% |
| Other operating charges | 640/8 | €5,379 | €1,016 | -€4,363 | -81.1% |
| Gross operating margin | 9900 | €50,361 | €41,038 | -€9,323 | -18.5% |
| Operating profit (loss) | 9901 | €15,163 | €10,457 | -€4,706 | -31.0% |
| Financial charges | 65/66B | €9,413 | €9,603 | +€190 | +2.0% |
| Recurring financial charges | 65 | €9,413 | €9,603 | +€190 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €5,749 | €853 | -€4,896 | -85.2% |
| Income taxes | 67/77 | €1,503 | €233 | -€1,270 | -84.5% |
| Profit (loss) for the period | 9904 | €4,246 | €621 | -€3,626 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,246 | €621 | -€3,626 | -85.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.