FERNANDE CRABBE: 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.
FERNANDE CRABBE
Largest movements
- Receivables within one year -€38,007
down €38,007 (-25.6%), from €148,396 to €110,389
of which Trade receivables: -€38,481
- Cash -€28,030
down €28,030 (-4.9%), from €570,015 to €541,985
mainly Contributions, distributions and other (-€56,000) and Other debts (-€30,608)
- Reserves -€42,100
down €42,100 (-13.7%), from €307,900 to €265,800
of which Distributable reserves: -€42,100
- Other debts -€30,608
down €30,608 (-48.9%), from €62,655 to €32,047
- Other operating charges -€84,415
down €84,415 (-94.8%), from €89,045 to €4,630
- Gross operating margin -€68,155
down €68,155 (-61.1%), from €111,503 to €43,347
- Taxes +€4,298
up €4,298 (+100.7%), from €4,269 to €8,567
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 | €901,541 | €829,752 | -€71,790 | -8.0% |
| Fixed assets | 21/28 | €62,154 | €56,401 | -€5,752 | -9.3% |
| Tangible fixed assets | 22/27 | €50,673 | €44,921 | -€5,752 | -11.4% |
| Land and buildings | 22 | €31,286 | €24,924 | -€6,362 | -20.3% |
| Plant, machinery and equipment | 23 | €4,654 | €684 | -€3,970 | -85.3% |
| Furniture and vehicles | 24 | €9,296 | €15,004 | +€5,708 | +61.4% |
| Other tangible fixed assets | 26 | €5,437 | €4,309 | -€1,128 | -20.7% |
| Financial fixed assets | 28 | €11,480 | €11,480 | = | 0.0% |
| Current assets | 29/58 | €839,388 | €773,351 | -€66,037 | -7.9% |
| Amounts receivable within one year | 40/41 | €148,396 | €110,389 | -€38,007 | -25.6% |
| Trade receivables | 40 | €109,524 | €71,043 | -€38,481 | -35.1% |
| Other amounts receivable | 41 | €38,872 | €39,346 | +€474 | +1.2% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €570,015 | €541,985 | -€28,030 | -4.9% |
| Deferred charges and accrued income | 490/1 | €977 | €977 | = | 0.0% |
| Total equity and liabilities | 10/49 | €901,541 | €829,752 | -€71,790 | -8.0% |
| Equity | 10/15 | €786,186 | €744,445 | -€41,741 | -5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €307,900 | €265,800 | -€42,100 | -13.7% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €296,900 | €254,800 | -€42,100 | -14.2% |
| Profit (loss) carried forward | 14 | €458,286 | €458,645 | +€359 | +0.1% |
| Amounts payable | 17/49 | €115,355 | €85,306 | -€30,049 | -26.0% |
| Amounts payable within one year | 42/48 | €62,855 | €32,806 | -€30,049 | -47.8% |
| Trade debts | 44 | €200 | €740 | +€539 | +269.5% |
| Suppliers | 440/4 | €200 | €740 | +€539 | +269.5% |
| Taxes, remuneration and social security | 45 | €0 | €20 | +€20 | |
| Remuneration and social security | 454/9 | €0 | €20 | +€20 | |
| Other amounts payable | 47/48 | €62,655 | €32,047 | -€30,608 | -48.9% |
| Accrued charges and deferred income | 492/3 | €52,500 | €52,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,263 | €18,192 | -€71 | -0.4% |
| Other operating charges | 640/8 | €89,045 | €4,630 | -€84,415 | -94.8% |
| Gross operating margin | 9900 | €111,503 | €43,347 | -€68,155 | -61.1% |
| Operating profit (loss) | 9901 | €4,194 | €20,525 | +€16,331 | +389.3% |
| Financial income | 75/76B | €3,391 | €3,487 | +€96 | +2.8% |
| Recurring financial income | 75 | €3,391 | €3,487 | +€96 | +2.8% |
| Financial charges | 65/66B | €720 | €1,186 | +€466 | +64.8% |
| Recurring financial charges | 65 | €720 | €1,186 | +€466 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €6,866 | €22,826 | +€15,960 | +232.5% |
| Income taxes | 67/77 | €4,269 | €8,567 | +€4,298 | +100.7% |
| Profit (loss) for the period | 9904 | €2,597 | €14,259 | +€11,662 | +449.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,597 | €14,259 | +€11,662 | +449.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.