CRESCENDO MANAGEMENT: 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.
CRESCENDO MANAGEMENT
Largest movements
- Cash +€53,470
up €53,470 (+799%), from €6,689 to €60,159
mainly Net result for the year (+€52,209) and Tax, wage and social debts (+€19,327)
- Receivables within one year +€8,219
up €8,219 (+80.8%), from €10,173 to €18,392
- Profit (loss) carried forward +€52,209
up €52,209, from -€3,571 to €48,638
- Tax, wage and social debts +€19,327
up €19,327 (+630%), from €3,066 to €22,393
- Other debts -€5,802
down €5,802 (-40.0%), from €14,509 to €8,708
- Trade debts -€2,854
down €2,854 (-55.4%), from €5,155 to €2,301
- Gross operating margin +€73,172
up €73,172 (+48,658%), from €150 to €73,322
- Taxes +€14,961
new in 2025: €14,961
- Financial charges +€4,881
up €4,881 (+763%), from €640 to €5,520
- Other operating charges -€2,416
down €2,416 (-78.4%), from €3,081 to €666
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 | €21,130 | €83,540 | +€62,411 | +295% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €19,330 | €81,740 | +€62,411 | +323% |
| Amounts receivable within one year | 40/41 | €10,173 | €18,392 | +€8,219 | +80.8% |
| Trade receivables | 40 | €10,173 | €18,392 | +€8,219 | +80.8% |
| Cash at bank and in hand | 54/58 | €6,689 | €60,159 | +€53,470 | +799% |
| Deferred charges and accrued income | 490/1 | €2,467 | €3,189 | +€722 | +29.2% |
| Total equity and liabilities | 10/49 | €21,130 | €83,540 | +€62,411 | +295% |
| Equity | 10/15 | -€2,071 | €50,138 | +€52,209 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,571 | €48,638 | +€52,209 | |
| Amounts payable | 17/49 | €23,201 | €33,402 | +€10,201 | +44.0% |
| Amounts payable within one year | 42/48 | €22,731 | €33,402 | +€10,671 | +46.9% |
| Trade debts | 44 | €5,155 | €2,301 | -€2,854 | -55.4% |
| Suppliers | 440/4 | €5,155 | €2,301 | -€2,854 | -55.4% |
| Taxes, remuneration and social security | 45 | €3,066 | €22,393 | +€19,327 | +630% |
| Taxes | 450/3 | €3,066 | €22,393 | +€19,327 | +630% |
| Other amounts payable | 47/48 | €14,509 | €8,708 | -€5,802 | -40.0% |
| Accrued charges and deferred income | 492/3 | €470 | €0 | -€470 | -100% |
| Other operating charges | 640/8 | €3,081 | €666 | -€2,416 | -78.4% |
| Gross operating margin | 9900 | €150 | €73,322 | +€73,172 | +48,658% |
| Operating profit (loss) | 9901 | -€2,931 | €72,656 | +€75,587 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €640 | €5,520 | +€4,881 | +763% |
| Recurring financial charges | 65 | €640 | €5,520 | +€4,881 | +763% |
| Profit (loss) for the period before taxes | 9903 | -€3,571 | €67,170 | +€70,741 | |
| Income taxes | 67/77 | - | €14,961 | +€14,961 | |
| Profit (loss) for the period | 9904 | -€3,571 | €52,209 | +€55,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,571 | €52,209 | +€55,780 |
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 14 October 2026 via checked.be.