J. DE CRAEYE: 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.
J. DE CRAEYE
Largest movements
- Cash +€72,953
up €72,953 (+119%), from €61,222 to €134,175
mainly Net result for the year (+€76,840) and Other debts (+€7,733)
- Receivables within one year +€7,644
up €7,644 (+38.0%), from €20,106 to €27,750
of which Trade receivables: +€13,683
- Stocks and contracts +€1,815
up €1,815 (+109%), from €1,670 to €3,485
- Profit (loss) carried forward +€76,840
up €76,840 (+114%), from €67,267 to €144,107
- Other debts +€7,733
up €7,733 (+121%), from €6,367 to €14,101
- Tax, wage and social debts -€3,069
down €3,069 (-45.0%), from €6,828 to €3,758
of which Taxes: -€4,997
- Gross operating margin +€14,766
up €14,766 (+17.3%), from €85,502 to €100,267
- Taxes +€3,003
up €3,003 (+17.8%), from €16,828 to €19,831
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 | €86,787 | €168,923 | +€82,137 | +94.6% |
| Fixed assets | 21/28 | €2,185 | €1,247 | -€938 | -42.9% |
| Tangible fixed assets | 22/27 | €2,185 | €1,247 | -€938 | -42.9% |
| Furniture and vehicles | 24 | €2,185 | €1,247 | -€938 | -42.9% |
| Current assets | 29/58 | €84,601 | €167,676 | +€83,075 | +98.2% |
| Stocks and contracts in progress | 3 | €1,670 | €3,485 | +€1,815 | +109% |
| Stocks | 30/36 | €1,670 | €3,485 | +€1,815 | +109% |
| Amounts receivable within one year | 40/41 | €20,106 | €27,750 | +€7,644 | +38.0% |
| Trade receivables | 40 | €13,861 | €27,543 | +€13,683 | +98.7% |
| Other amounts receivable | 41 | €6,245 | €207 | -€6,038 | -96.7% |
| Cash at bank and in hand | 54/58 | €61,222 | €134,175 | +€72,953 | +119% |
| Deferred charges and accrued income | 490/1 | €1,604 | €2,265 | +€662 | +41.3% |
| Total equity and liabilities | 10/49 | €86,787 | €168,923 | +€82,137 | +94.6% |
| Equity | 10/15 | €69,767 | €146,607 | +€76,840 | +110% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,267 | €144,107 | +€76,840 | +114% |
| Amounts payable | 17/49 | €17,020 | €22,316 | +€5,297 | +31.1% |
| Amounts payable within one year | 42/48 | €15,454 | €20,249 | +€4,795 | +31.0% |
| Trade debts | 44 | €2,259 | €2,390 | +€131 | +5.8% |
| Suppliers | 440/4 | €2,259 | €2,390 | +€131 | +5.8% |
| Taxes, remuneration and social security | 45 | €6,828 | €3,758 | -€3,069 | -45.0% |
| Taxes | 450/3 | €6,828 | €1,831 | -€4,997 | -73.2% |
| Remuneration and social security | 454/9 | - | €1,927 | +€1,927 | |
| Other amounts payable | 47/48 | €6,367 | €14,101 | +€7,733 | +121% |
| Accrued charges and deferred income | 492/3 | €1,566 | €2,067 | +€501 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €938 | +€310 | +49.3% |
| Other operating charges | 640/8 | €604 | €1,542 | +€938 | +155% |
| Gross operating margin | 9900 | €85,502 | €100,267 | +€14,766 | +17.3% |
| Operating profit (loss) | 9901 | €84,270 | €97,788 | +€13,518 | +16.0% |
| Financial charges | 65/66B | €176 | €1,117 | +€941 | +536% |
| Recurring financial charges | 65 | €176 | €1,117 | +€941 | +536% |
| Profit (loss) for the period before taxes | 9903 | €84,094 | €96,671 | +€12,577 | +15.0% |
| Income taxes | 67/77 | €16,828 | €19,831 | +€3,003 | +17.8% |
| Profit (loss) for the period | 9904 | €67,267 | €76,840 | +€9,573 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,267 | €76,840 | +€9,573 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.