G. Crauwels: what changed
What changed
G. Crauwels
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€362,085
2024 · €343,725+€18,360
Equity
€1.4m
2024 · €1.1m+€263,138
Cash
€172,326
2024 · €4,820+€167,506
Balance sheet total
€1.6m
2024 · €1.3m+€258,552
Largest movements
Assets
- Cash +€167,506
up €167,506 (+3,475%), from €4,820 to €172,326
mainly Net result for the year (+€362,085) and Depreciation (+€12,179)
- Current investments +€100,882
up €100,882 (+7.9%), from €1.3m to €1.4m
Equity and liabilities
- Reserves +€263,138
up €263,138 (+23.8%), from €1.1m to €1.4m
Income statement
- Gross operating margin +€23,447
up €23,447 (+4.7%), from €497,434 to €520,881
- Financial income +€13,126
up €13,126 (+55.4%), from €23,710 to €36,836
- Financial charges +€12,669
up €12,669, from -€1,288 to €11,381
- Taxes +€8,965
up €8,965 (+5.6%), from €160,682 to €169,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€343,725
Gross operating margin
+€23,447
Depreciation
+€1,091
Other operating charges
+€2,329
Financial income
+€13,126
Financial charges
-€12,669
Taxes
-€8,965
Result 2025
€362,085
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€369,591
Investment
-€102,672
Financing
-€99,414
Cash 2024
€4,820
From operations (derived)
+€369,591
Net result for the year
+€362,085
Depreciation
+€12,179
Smaller working-capital items
-€508
Trade debts
+€4,914
Tax, wage and social debts
-€9,078
Investment (derived)
-€102,672
Investment in fixed assets (net)
-€1,790
Current investments
-€100,882
Financing
-€99,414
Short-term financial debts
-€466
Contributions, distributions and other
-€98,947
Cash 2025
€172,326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,330,906 | €1,589,458 | +€258,552 | +19.4% |
| Fixed assets | 21/28 | €43,093 | €32,704 | -€10,389 | -24.1% |
| Tangible fixed assets | 22/27 | €43,093 | €32,704 | -€10,389 | -24.1% |
| Furniture and vehicles | 24 | €43,093 | €32,704 | -€10,389 | -24.1% |
| Current assets | 29/58 | €1,287,813 | €1,556,754 | +€268,941 | +20.9% |
| Amounts receivable within one year | 40/41 | €15 | €802 | +€787 | +5,253% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15 | €802 | +€787 | +5,253% |
| Current investments | 50/53 | €1,281,468 | €1,382,350 | +€100,882 | +7.9% |
| Cash at bank and in hand | 54/58 | €4,820 | €172,326 | +€167,506 | +3,475% |
| Deferred charges and accrued income | 490/1 | €1,510 | €1,276 | -€234 | -15.5% |
| Total equity and liabilities | 10/49 | €1,330,906 | €1,589,458 | +€258,552 | +19.4% |
| Equity | 10/15 | €1,122,726 | €1,385,864 | +€263,138 | +23.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,104,176 | €1,367,314 | +€263,138 | +23.8% |
| Distributable reserves | 133 | €1,104,176 | €1,367,314 | +€263,138 | +23.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €208,179 | €203,594 | -€4,586 | -2.2% |
| Amounts payable within one year | 42/48 | €207,479 | €202,894 | -€4,586 | -2.2% |
| Financial debts | 43 | €1,683 | €1,217 | -€466 | -27.7% |
| Credit institutions | 430/8 | €1,683 | €1,217 | -€466 | -27.7% |
| Trade debts | 44 | €774 | €5,688 | +€4,914 | +635% |
| Suppliers | 440/4 | €774 | €5,688 | +€4,914 | +635% |
| Taxes, remuneration and social security | 45 | €106,120 | €97,041 | -€9,078 | -8.6% |
| Taxes | 450/3 | €106,120 | €96,556 | -€9,564 | -9.0% |
| Remuneration and social security | 454/9 | - | €486 | +€486 | |
| Other amounts payable | 47/48 | €98,902 | €98,947 | +€45 | 0.0% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,270 | €12,179 | -€1,091 | -8.2% |
| Other operating charges | 640/8 | €4,754 | €2,425 | -€2,329 | -49.0% |
| Gross operating margin | 9900 | €497,434 | €520,881 | +€23,447 | +4.7% |
| Operating profit (loss) | 9901 | €479,409 | €506,277 | +€26,868 | +5.6% |
| Financial income | 75/76B | €23,710 | €36,836 | +€13,126 | +55.4% |
| Recurring financial income | 75 | €23,710 | €36,836 | +€13,126 | +55.4% |
| Financial charges | 65/66B | -€1,288 | €11,381 | +€12,669 | |
| Recurring financial charges | 65 | -€1,288 | €11,381 | +€12,669 | |
| Profit (loss) for the period before taxes | 9903 | €504,407 | €531,732 | +€27,325 | +5.4% |
| Income taxes | 67/77 | €160,682 | €169,646 | +€8,965 | +5.6% |
| Profit (loss) for the period | 9904 | €343,725 | €362,085 | +€18,360 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €343,725 | €362,085 | +€18,360 | +5.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.