CRESCAS: what changed
Two fiscal 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.
CRESCAS
Largest movements
- Receivables within one year -€142,326
down €142,326 (-49.6%), from €286,964 to €144,638
of which Trade receivables: -€153,218
- Cash +€124,499
up €124,499 (+123.4%), from €100,895 to €225,394
mainly Net result for the year (+€214,389) and Other debts (+€182,231)
- Deferred charges and accrued income +€118,007
up €118,007 (+9720.5%), from €1,214 to €119,221
- Tangible fixed assets +€25,557
up €25,557 (+4.9%), from €519,706 to €545,263
of which Other tangible fixed assets: +€33,311
- Other debts +€182,231
new in 2025: €182,231
- Tax, wage and social debts -€30,633
down €30,633 (-40.3%), from €76,014 to €45,381
- Debts after one year -€27,500
down €27,500 (-12.2%), from €225,212 to €197,712
- Turnover -€453,920
no longer reported in 2025 (was €453,920)
- Gross operating margin +€27,586
up €27,586 (+8.9%), from €309,645 to €337,231
- Depreciation +€20,484
up €20,484 (+109.3%), from €18,740 to €39,224
- Financial charges +€5,630
up €5,630 (+209.9%), from €2,682 to €8,312
- Other operating charges +€5,346
up €5,346 (+222.3%), from €2,405 to €7,751
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.
Cash bridge derived
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 | €908,779 | €1,034,516 | +€125,737 | +13.8% |
| Fixed assets | 21/28 | €519,706 | €545,263 | +€25,557 | +4.9% |
| Tangible fixed assets | 22/27 | €519,706 | €545,263 | +€25,557 | +4.9% |
| Land and buildings | 22 | €429,563 | €414,791 | -€14,772 | -3.4% |
| Plant, machinery and equipment | 23 | €4,138 | €7,687 | +€3,549 | +85.8% |
| Furniture and vehicles | 24 | €16,716 | €20,185 | +€3,469 | +20.8% |
| Other tangible fixed assets | 26 | €69,289 | €102,600 | +€33,311 | +48.1% |
| Current assets | 29/58 | €389,073 | €489,253 | +€100,180 | +25.7% |
| Amounts receivable within one year | 40/41 | €286,964 | €144,638 | -€142,326 | -49.6% |
| Trade receivables | 40 | €241,782 | €88,564 | -€153,218 | -63.4% |
| Other amounts receivable | 41 | €45,182 | €56,074 | +€10,892 | +24.1% |
| Cash at bank and in hand | 54/58 | €100,895 | €225,394 | +€124,499 | +123.4% |
| Deferred charges and accrued income | 490/1 | €1,214 | €119,221 | +€118,007 | +9720.5% |
| Total equity and liabilities | 10/49 | €908,779 | €1,034,516 | +€125,737 | +13.8% |
| Equity | 10/15 | €575,300 | €575,300 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €556,700 | €556,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €554,840 | €554,840 | = | 0.0% |
| Amounts payable | 17/49 | €333,479 | €459,216 | +€125,737 | +37.7% |
| Amounts payable after more than one year | 17 | €225,212 | €197,712 | -€27,500 | -12.2% |
| Financial debts | 170/4 | €225,212 | €197,712 | -€27,500 | -12.2% |
| Amounts payable within one year | 42/48 | €102,543 | €258,438 | +€155,895 | +152.0% |
| Current portion of amounts payable after more than one year | 42 | €21,281 | €27,313 | +€6,032 | +28.3% |
| Trade debts | 44 | €5,248 | €3,513 | -€1,735 | -33.1% |
| Suppliers | 440/4 | €5,248 | €3,513 | -€1,735 | -33.1% |
| Taxes, remuneration and social security | 45 | €76,014 | €45,381 | -€30,633 | -40.3% |
| Taxes | 450/3 | €76,014 | €45,381 | -€30,633 | -40.3% |
| Other amounts payable | 47/48 | - | €182,231 | +€182,231 | |
| Accrued charges and deferred income | 492/3 | €5,724 | €3,066 | -€2,658 | -46.4% |
| Turnover | 70 | €453,920 | - | -€453,920 | |
| Goods, raw materials, services and sundry goods | 60/61 | €155,870 | €154,503 | -€1,367 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,740 | €39,224 | +€20,484 | +109.3% |
| Other operating charges | 640/8 | €2,405 | €7,751 | +€5,346 | +222.3% |
| Non-recurring operating charges | 66A | €57,387 | - | -€57,387 | |
| Gross operating margin | 9900 | €309,645 | €337,231 | +€27,586 | +8.9% |
| Operating profit (loss) | 9901 | €231,113 | €290,256 | +€59,143 | +25.6% |
| Financial income | 75/76B | €1,954 | €459 | -€1,495 | -76.5% |
| Recurring financial income | 75 | €1,954 | €459 | -€1,495 | -76.5% |
| Financial charges | 65/66B | €2,682 | €8,312 | +€5,630 | +209.9% |
| Recurring financial charges | 65 | €2,682 | €8,312 | +€5,630 | +209.9% |
| Profit (loss) for the period before taxes | 9903 | €230,385 | €282,403 | +€52,018 | +22.6% |
| Income taxes | 67/77 | €73,087 | €68,014 | -€5,073 | -6.9% |
| Profit (loss) for the period | 9904 | €157,298 | €214,389 | +€57,091 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €157,298 | €214,389 | +€57,091 | +36.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.