The Craftsmen: 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.
The Craftsmen
Largest movements
- Tangible fixed assets +€38,848
up €38,848 (+127%), from €30,497 to €69,344
of which Leasing and similar rights: +€38,138
- Cash +€22,840
up €22,840 (+60.2%), from €37,938 to €60,778
mainly Net result for the year (+€50,359) and Debts after one year (+€20,796)
- Receivables within one year +€8,443
up €8,443 (+28.8%), from €29,316 to €37,759
of which Trade receivables: +€5,311
- Reserves +€37,447
up €37,447 (+122%), from €30,721 to €68,168
- Debts after one year +€20,796
up €20,796, from €0 to €20,796
- Current portion of long-term debt +€11,911
up €11,911 (+1,135%), from €1,049 to €12,960
- Trade debts +€10,492
up €10,492 (+108%), from €9,688 to €20,180
- Tax, wage and social debts -€8,770
down €8,770 (-18.4%), from €47,778 to €39,008
of which Taxes: -€8,490
- Gross operating margin +€49,921
up €49,921 (+50.8%), from €98,291 to €148,212
- Taxes +€11,537
up €11,537 (+93.3%), from €12,367 to €23,904
- Depreciation +€5,660
up €5,660 (+61.1%), from €9,266 to €14,926
- Other operating charges +€1,740
up €1,740 (+237%), from €735 to €2,474
- Staff costs +€1,550
up €1,550 (+2.9%), from €53,997 to €55,547
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,751 | €169,508 | +€71,757 | +73.4% |
| Fixed assets | 21/28 | €30,497 | €69,344 | +€38,848 | +127% |
| Tangible fixed assets | 22/27 | €30,497 | €69,344 | +€38,848 | +127% |
| Plant, machinery and equipment | 23 | €11,463 | €12,486 | +€1,023 | +8.9% |
| Furniture and vehicles | 24 | €13,859 | €9,231 | -€4,628 | -33.4% |
| Leasing and similar rights | 25 | - | €38,138 | +€38,138 | |
| Other tangible fixed assets | 26 | €5,175 | €9,489 | +€4,314 | +83.4% |
| Current assets | 29/58 | €67,254 | €100,164 | +€32,909 | +48.9% |
| Amounts receivable within one year | 40/41 | €29,316 | €37,759 | +€8,443 | +28.8% |
| Trade receivables | 40 | €29,316 | €34,627 | +€5,311 | +18.1% |
| Other amounts receivable | 41 | - | €3,132 | +€3,132 | |
| Cash at bank and in hand | 54/58 | €37,938 | €60,778 | +€22,840 | +60.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,626 | +€1,626 | |
| Total equity and liabilities | 10/49 | €97,751 | €169,508 | +€71,757 | +73.4% |
| Equity | 10/15 | €36,921 | €74,368 | +€37,447 | +101% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,721 | €68,168 | +€37,447 | +122% |
| Distributable reserves | 133 | €30,721 | €68,168 | +€37,447 | +122% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,830 | €95,140 | +€34,310 | +56.4% |
| Amounts payable after more than one year | 17 | €0 | €20,796 | +€20,796 | |
| Financial debts | 170/4 | €0 | €20,796 | +€20,796 | |
| Amounts payable within one year | 42/48 | €59,395 | €74,344 | +€14,949 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €1,049 | €12,960 | +€11,911 | +1,135% |
| Trade debts | 44 | €9,688 | €20,180 | +€10,492 | +108% |
| Suppliers | 440/4 | €9,688 | €20,180 | +€10,492 | +108% |
| Taxes, remuneration and social security | 45 | €47,778 | €39,008 | -€8,770 | -18.4% |
| Taxes | 450/3 | €29,985 | €21,496 | -€8,490 | -28.3% |
| Remuneration and social security | 454/9 | €17,793 | €17,513 | -€280 | -1.6% |
| Other amounts payable | 47/48 | €880 | €2,196 | +€1,316 | +150% |
| Accrued charges and deferred income | 492/3 | €1,435 | €0 | -€1,435 | -100% |
| Remuneration, social security and pensions | 62 | €53,997 | €55,547 | +€1,550 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,266 | €14,926 | +€5,660 | +61.1% |
| Other operating charges | 640/8 | €735 | €2,474 | +€1,740 | +237% |
| Gross operating margin | 9900 | €98,291 | €148,212 | +€49,921 | +50.8% |
| Operating profit (loss) | 9901 | €34,292 | €75,264 | +€40,972 | +119% |
| Financial income | 75/76B | €57 | €8 | -€49 | -85.7% |
| Recurring financial income | 75 | €57 | €8 | -€49 | -85.7% |
| Financial charges | 65/66B | €2,018 | €1,010 | -€1,008 | -50.0% |
| Recurring financial charges | 65 | €2,018 | €1,010 | -€1,008 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €32,331 | €74,262 | +€41,931 | +130% |
| Income taxes | 67/77 | €12,367 | €23,904 | +€11,537 | +93.3% |
| Profit (loss) for the period | 9904 | €19,964 | €50,359 | +€30,395 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €19,964 | €50,359 | +€30,395 | +152% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.