Crescemen: what changed
What changed
Crescemen
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€415,400
2024 · -€442,660+€27,259
Equity
-€613,265
2024 · -€197,864-€415,400
Cash
€36,076
2024 · €45,320-€9,244
Balance sheet total
€3.2m
2024 · €3.8m-€638,448
Largest movements
Assets
- Tangible fixed assets -€508,023
down €508,023 (-19.5%), from €2.6m to €2.1m
of which Other tangible fixed assets: -€404,039
- Intangible fixed assets -€65,000
down €65,000 (-26.8%), from €242,960 to €177,960
- Receivables within one year -€48,414
down €48,414 (-17.5%), from €276,710 to €228,296
of which Other amounts receivable: -€82,210
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-71.0%), from €2.1m to €598,406
- Debts after one year +€1.1m
up €1.1m (+177%), from €650,000 to €1.8m
of which Financial debts: +€1.1m
- Profit (loss) carried forward -€415,400
down €415,400 (-134%), from -€310,331 to -€725,731
- Trade debts +€52,124
up €52,124 (+5.3%), from €983,188 to €1.0m
Income statement
- Gross operating margin +€256,268
up €256,268 (+38.4%), from €667,601 to €923,869
- Depreciation +€211,147
up €211,147 (+54.6%), from €386,482 to €597,629
- Financial charges +€51,442
up €51,442 (+244%), from €21,109 to €72,551
- Taxes -€30,740
down €30,740 (-98.5%), from €31,211 to €471
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€442,660
Gross operating margin
+€256,268
Staff costs
+€8,382
Depreciation
-€211,147
Other operating charges
+€1,497
Financial income
-€7,038
Financial charges
-€51,442
Taxes
+€30,740
Result 2025
-€415,400
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
-€24,606
Financing
+€1.2m
Cash 2024
€45,320
From operations (derived)
-€1.2m
Net result for the year
-€415,400
Depreciation
+€597,629
Stocks and contracts
-€1,490
Receivables within one year
+€48,414
Deferred charges and accrued income
+€9,257
Trade debts
+€52,124
Tax, wage and social debts
-€5,431
Other debts
-€1.5m
Accrued charges and deferred income
+€14,975
Investment (derived)
-€24,606
Investment in fixed assets (net)
-€24,606
Financing
+€1.2m
Debts after one year
+€1.1m
Current portion of long-term debt
+€9,894
Short-term financial debts
+€17,212
Cash 2025
€36,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,806,552 | €3,168,104 | -€638,448 | -16.8% |
| Fixed assets | 21/28 | €2,846,232 | €2,273,209 | -€573,023 | -20.1% |
| Intangible fixed assets | 21 | €242,960 | €177,960 | -€65,000 | -26.8% |
| Tangible fixed assets | 22/27 | €2,603,272 | €2,095,249 | -€508,023 | -19.5% |
| Plant, machinery and equipment | 23 | €215,676 | €117,501 | -€98,175 | -45.5% |
| Furniture and vehicles | 24 | €22,912 | €17,104 | -€5,808 | -25.4% |
| Other tangible fixed assets | 26 | €2,364,684 | €1,960,645 | -€404,039 | -17.1% |
| Current assets | 29/58 | €960,320 | €894,894 | -€65,425 | -6.8% |
| Stocks and contracts in progress | 3 | €629,033 | €630,522 | +€1,490 | +0.2% |
| Stocks | 30/36 | €629,033 | €630,522 | +€1,490 | +0.2% |
| Amounts receivable within one year | 40/41 | €276,710 | €228,296 | -€48,414 | -17.5% |
| Trade receivables | 40 | €155,364 | €189,159 | +€33,795 | +21.8% |
| Other amounts receivable | 41 | €121,347 | €39,137 | -€82,210 | -67.7% |
| Cash at bank and in hand | 54/58 | €45,320 | €36,076 | -€9,244 | -20.4% |
| Deferred charges and accrued income | 490/1 | €9,257 | €0 | -€9,257 | -100% |
| Total equity and liabilities | 10/49 | €3,806,552 | €3,168,104 | -€638,448 | -16.8% |
| Equity | 10/15 | -€197,864 | -€613,265 | -€415,400 | -210% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €2,467 | €2,467 | = | 0.0% |
| Distributable reserves | 133 | €2,467 | €2,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,331 | -€725,731 | -€415,400 | -134% |
| Amounts payable | 17/49 | €4,004,416 | €3,781,369 | -€223,048 | -5.6% |
| Amounts payable after more than one year | 17 | €650,000 | €1,799,797 | +€1.1m | +177% |
| Financial debts | 170/4 | €650,000 | €1,725,797 | +€1.1m | +166% |
| Other amounts payable | 178/9 | - | €74,000 | +€74,000 | |
| Amounts payable within one year | 42/48 | €3,347,916 | €1,960,096 | -€1.4m | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €144,685 | €154,579 | +€9,894 | +6.8% |
| Financial debts | 43 | €43,547 | €60,759 | +€17,212 | +39.5% |
| Credit institutions | 430/8 | €43,547 | €60,759 | +€17,212 | +39.5% |
| Trade debts | 44 | €983,188 | €1,035,311 | +€52,124 | +5.3% |
| Suppliers | 440/4 | €983,188 | €1,035,311 | +€52,124 | +5.3% |
| Taxes, remuneration and social security | 45 | €116,472 | €111,041 | -€5,431 | -4.7% |
| Taxes | 450/3 | €4,397 | €3,267 | -€1,130 | -25.7% |
| Remuneration and social security | 454/9 | €112,075 | €107,774 | -€4,302 | -3.8% |
| Other amounts payable | 47/48 | €2,060,024 | €598,406 | -€1.5m | -71.0% |
| Accrued charges and deferred income | 492/3 | €6,500 | €21,475 | +€14,975 | +230% |
| Non-recurring operating income | 76A | - | €106,479 | +€106,479 | |
| Remuneration, social security and pensions | 62 | €674,938 | €666,556 | -€8,382 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386,482 | €597,629 | +€211,147 | +54.6% |
| Other operating charges | 640/8 | €4,550 | €3,053 | -€1,497 | -32.9% |
| Gross operating margin | 9900 | €667,601 | €923,869 | +€256,268 | +38.4% |
| Operating profit (loss) | 9901 | -€398,368 | -€343,370 | +€54,999 | +13.8% |
| Financial income | 75/76B | €8,029 | €991 | -€7,038 | -87.7% |
| Recurring financial income | 75 | €8,029 | €991 | -€7,038 | -87.7% |
| Financial charges | 65/66B | €21,109 | €72,551 | +€51,442 | +244% |
| Recurring financial charges | 65 | €21,109 | €72,551 | +€51,442 | +244% |
| Profit (loss) for the period before taxes | 9903 | -€411,448 | -€414,929 | -€3,481 | -0.8% |
| Income taxes | 67/77 | €31,211 | €471 | -€30,740 | -98.5% |
| Profit (loss) for the period | 9904 | -€442,660 | -€415,400 | +€27,259 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€442,660 | -€415,400 | +€27,259 | +6.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.