Crescelor: 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.
Crescelor
Largest movements
- Tangible fixed assets -€1.4m
down €1.4m (-4.5%), from €30.6m to €29.2m
- Cash -€979,932
down €979,932 (-50.1%), from €2.0m to €976,605
mainly Other debts (-€1.8m) and Debts after one year (-€730,000)
- Other debts -€1.8m
down €1.8m (-36.5%), from €4.9m to €3.1m
- Debts after one year -€730,000
down €730,000 (-3.4%), from €21.2m to €20.5m
- Write-downs -€99,347
down €99,347, from €60,932 to -€38,415
- Financial charges -€68,470
down €68,470 (-10.8%), from €633,406 to €564,935
- Gross operating margin +€63,507
up €63,507 (+2.4%), from €2.6m to €2.7m
- Other operating charges +€54,033
up €54,033 (+35.6%), from €151,896 to €205,929
- Financial income +€28,264
up €28,264 (+284%), from €9,962 to €38,225
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 | €33,201,047 | €30,915,336 | -€2.3m | -6.9% |
| Fixed assets | 21/28 | €30,603,534 | €29,225,475 | -€1.4m | -4.5% |
| Tangible fixed assets | 22/27 | €30,603,534 | €29,225,475 | -€1.4m | -4.5% |
| Land and buildings | 22 | €30,603,534 | €29,225,475 | -€1.4m | -4.5% |
| Current assets | 29/58 | €2,597,513 | €1,689,862 | -€907,651 | -34.9% |
| Amounts receivable within one year | 40/41 | €428,183 | €597,876 | +€169,693 | +39.6% |
| Trade receivables | 40 | €425,194 | €597,306 | +€172,112 | +40.5% |
| Other amounts receivable | 41 | €2,989 | €570 | -€2,419 | -80.9% |
| Cash at bank and in hand | 54/58 | €1,956,538 | €976,605 | -€979,932 | -50.1% |
| Deferred charges and accrued income | 490/1 | €212,793 | €115,381 | -€97,412 | -45.8% |
| Total equity and liabilities | 10/49 | €33,201,047 | €30,915,336 | -€2.3m | -6.9% |
| Equity | 10/15 | €5,564,440 | €5,724,165 | +€159,725 | +2.9% |
| Contributions | 10/11 | €5,718,550 | €5,718,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,110 | €5,615 | +€159,725 | |
| Amounts payable | 17/49 | €27,636,607 | €25,191,172 | -€2.4m | -8.8% |
| Amounts payable after more than one year | 17 | €21,245,000 | €20,515,000 | -€730,000 | -3.4% |
| Financial debts | 170/4 | €21,245,000 | €20,515,000 | -€730,000 | -3.4% |
| Amounts payable within one year | 42/48 | €5,791,493 | €4,031,628 | -€1.8m | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €730,000 | €730,000 | = | 0.0% |
| Trade debts | 44 | €185,036 | €205,716 | +€20,680 | +11.2% |
| Suppliers | 440/4 | €185,036 | €205,716 | +€20,680 | +11.2% |
| Taxes, remuneration and social security | 45 | €1,930 | €0 | -€1,930 | -100% |
| Taxes | 450/3 | €1,930 | €0 | -€1,930 | -100% |
| Other amounts payable | 47/48 | €4,874,528 | €3,095,911 | -€1.8m | -36.5% |
| Accrued charges and deferred income | 492/3 | €600,114 | €644,544 | +€44,430 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,378,059 | €1,378,059 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,932 | -€38,415 | -€99,347 | |
| Other operating charges | 640/8 | €151,896 | €205,929 | +€54,033 | +35.6% |
| Gross operating margin | 9900 | €2,639,968 | €2,703,475 | +€63,507 | +2.4% |
| Operating profit (loss) | 9901 | €1,049,081 | €1,157,902 | +€108,821 | +10.4% |
| Financial income | 75/76B | €9,962 | €38,225 | +€28,264 | +284% |
| Recurring financial income | 75 | €9,962 | €38,225 | +€28,264 | +284% |
| Financial charges | 65/66B | €633,406 | €564,935 | -€68,470 | -10.8% |
| Recurring financial charges | 65 | €633,406 | €564,935 | -€68,470 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €425,637 | €631,192 | +€205,555 | +48.3% |
| Income taxes | 67/77 | -€2,953 | €11,468 | +€14,420 | |
| Profit (loss) for the period | 9904 | €428,590 | €619,725 | +€191,135 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €428,590 | €619,725 | +€191,135 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.