Aciers Crustin: 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.
Aciers Crustin
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+455%), from €327,851 to €1.8m
of which Other amounts receivable: +€1.6m
- Financial fixed assets -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Stocks and contracts -€72,864
down €72,864 (-9.5%), from €767,974 to €695,110
- Other debts +€1.7m
new in 2025: €1.7m
- Profit (loss) carried forward -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Reserves -€204,260
down €204,260 (-18.4%), from €1.1m to €907,712
of which Distributable reserves: -€204,260
- Trade debts -€50,337
down €50,337 (-34.7%), from €145,070 to €94,733
- Gross operating margin -€73,193
down €73,193 (-12.8%), from €571,291 to €498,099
- Staff costs -€47,094
down €47,094 (-23.4%), from €201,079 to €153,985
- Write-downs -€39,354
down €39,354, from €27,657 to -€11,698
- Financial income +€6,413
up €6,413 (+10.1%), from €63,740 to €70,153
of which Financial income: +€6,413
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 | €2,499,542 | €2,739,623 | +€240,081 | +9.6% |
| Fixed assets | 21/28 | €1,221,912 | €57,785 | -€1.2m | -95.3% |
| Tangible fixed assets | 22/27 | €67,165 | €57,785 | -€9,381 | -14.0% |
| Land and buildings | 22 | €34,980 | €33,646 | -€1,334 | -3.8% |
| Plant, machinery and equipment | 23 | €32,185 | €24,139 | -€8,046 | -25.0% |
| Financial fixed assets | 28 | €1,154,747 | €0 | -€1.2m | -100% |
| Current assets | 29/58 | €1,277,630 | €2,681,838 | +€1.4m | +110% |
| Stocks and contracts in progress | 3 | €767,974 | €695,110 | -€72,864 | -9.5% |
| Stocks | 30/36 | €767,974 | €695,110 | -€72,864 | -9.5% |
| Amounts receivable within one year | 40/41 | €327,851 | €1,820,808 | +€1.5m | +455% |
| Trade receivables | 40 | €224,785 | €159,415 | -€65,370 | -29.1% |
| Other amounts receivable | 41 | €103,067 | €1,661,394 | +€1.6m | +1,512% |
| Cash at bank and in hand | 54/58 | €181,772 | €165,919 | -€15,853 | -8.7% |
| Deferred charges and accrued income | 490/1 | €32 | €0 | -€32 | -100% |
| Total equity and liabilities | 10/49 | €2,499,542 | €2,739,623 | +€240,081 | +9.6% |
| Equity | 10/15 | €2,319,514 | €969,685 | -€1.3m | -58.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,111,972 | €907,712 | -€204,260 | -18.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,105,775 | €901,515 | -€204,260 | -18.5% |
| Profit (loss) carried forward | 14 | €1,145,568 | €0 | -€1.1m | -100% |
| Amounts payable | 17/49 | €180,028 | €1,769,937 | +€1.6m | +883% |
| Amounts payable within one year | 42/48 | €180,028 | €1,769,937 | +€1.6m | +883% |
| Trade debts | 44 | €145,070 | €94,733 | -€50,337 | -34.7% |
| Suppliers | 440/4 | €145,070 | €94,733 | -€50,337 | -34.7% |
| Taxes, remuneration and social security | 45 | €34,958 | €25,204 | -€9,754 | -27.9% |
| Taxes | 450/3 | €13,599 | €9,363 | -€4,236 | -31.2% |
| Remuneration and social security | 454/9 | €21,359 | €15,841 | -€5,518 | -25.8% |
| Other amounts payable | 47/48 | - | €1,650,000 | +€1.7m | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €201,079 | €153,985 | -€47,094 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,024 | €9,381 | +€356 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,657 | -€11,698 | -€39,354 | |
| Other operating charges | 640/8 | €12,200 | €12,578 | +€378 | +3.1% |
| Non-recurring operating charges | 66A | €1,126 | €101 | -€1,025 | -91.0% |
| Gross operating margin | 9900 | €571,291 | €498,099 | -€73,193 | -12.8% |
| Operating profit (loss) | 9901 | €320,205 | €333,752 | +€13,547 | +4.2% |
| Financial income | 75/76B | €63,740 | €70,153 | +€6,413 | +10.1% |
| Recurring financial income | 75 | €63,740 | €70,153 | +€6,413 | +10.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,916 | €2,482 | +€566 | +29.5% |
| Recurring financial charges | 65 | €1,916 | €2,482 | +€566 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €382,029 | €401,423 | +€19,394 | +5.1% |
| Income taxes | 67/77 | €96,527 | €101,252 | +€4,725 | +4.9% |
| Profit (loss) for the period | 9904 | €285,502 | €300,172 | +€14,669 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €285,502 | €300,172 | +€14,669 | +5.1% |
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 28 October 2026 via checked.be.