Like some other said either make it look jump able or have a dispelling screen, but put it in the middle of the moat so they fall in in the middle of it instead of the edge. (Is dispelling screen a visible effect? If so have a dispel magic instead.) The crocs will have the most advantage if in the water. Actually it could be quite deadly if the water is over the heads of the PCs. The strong heavy armored types will sink and the others don't stand a chance at winning any grapple checks. The crocs will drown most of them.
Or better yet. Go with the bridge idea, but have the gapping hole covered by an illusionary floor. That may be the most simplistic/effective idea. Granted it may only get the front ranks.