CRESCENDO immo: 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.
CRESCENDO immo
Largest movements
- Tangible fixed assets -€7,090
down €7,090 (-3.5%), from €203,789 to €196,699
- Debts after one year -€6,393
down €6,393 (-4.1%), from €154,207 to €147,814
- Trade debts -€2,452
no longer reported in 2025 (was €2,452)
- Depreciation +€525
up €525 (+8.0%), from €6,565 to €7,090
- Gross operating margin +€399
up €399 (+2.6%), from €15,380 to €15,779
- Other operating charges +€302
up €302 (+78.0%), from €387 to €689
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 | €205,010 | €198,636 | -€6,374 | -3.1% |
| Fixed assets | 21/28 | €203,789 | €196,699 | -€7,090 | -3.5% |
| Tangible fixed assets | 22/27 | €203,789 | €196,699 | -€7,090 | -3.5% |
| Land and buildings | 22 | €203,789 | €196,699 | -€7,090 | -3.5% |
| Current assets | 29/58 | €1,221 | €1,937 | +€716 | +58.7% |
| Cash at bank and in hand | 54/58 | €1,221 | €1,916 | +€695 | +56.9% |
| Deferred charges and accrued income | 490/1 | - | €22 | +€22 | |
| Total equity and liabilities | 10/49 | €205,010 | €198,636 | -€6,374 | -3.1% |
| Equity | 10/15 | €18,028 | €19,697 | +€1,669 | +9.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,972 | -€5,303 | +€1,669 | +23.9% |
| Amounts payable | 17/49 | €186,982 | €178,939 | -€8,043 | -4.3% |
| Amounts payable after more than one year | 17 | €154,207 | €147,814 | -€6,393 | -4.1% |
| Financial debts | 170/4 | €154,207 | €147,814 | -€6,393 | -4.1% |
| Amounts payable within one year | 42/48 | €32,775 | €31,125 | -€1,650 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €6,144 | €6,393 | +€249 | +4.0% |
| Trade debts | 44 | €2,452 | - | -€2,452 | |
| Suppliers | 440/4 | €2,452 | - | -€2,452 | |
| Other amounts payable | 47/48 | €24,179 | €24,732 | +€553 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,565 | €7,090 | +€525 | +8.0% |
| Other operating charges | 640/8 | €387 | €689 | +€302 | +78.0% |
| Gross operating margin | 9900 | €15,380 | €15,779 | +€399 | +2.6% |
| Operating profit (loss) | 9901 | €8,428 | €8,000 | -€428 | -5.1% |
| Financial charges | 65/66B | €6,437 | €6,330 | -€107 | -1.7% |
| Recurring financial charges | 65 | €6,437 | €6,330 | -€107 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,991 | €1,670 | -€321 | -16.1% |
| Profit (loss) for the period | 9904 | €1,991 | €1,670 | -€321 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,991 | €1,670 | -€321 | -16.1% |
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 7 October 2026 via checked.be.