CRESCENDO MHP: 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 MHP
Largest movements
- Tangible fixed assets +€422,831
up €422,831 (+423%), from €99,991 to €522,822
of which Land and buildings: +€446,962
- Receivables within one year +€98,934
up €98,934 (+109%), from €90,798 to €189,732
of which Other amounts receivable: +€143,604
- Cash -€76,737
down €76,737 (-51.7%), from €148,456 to €71,719
mainly Investment in fixed assets (net) (-€404,154) and Receivables within one year (-€98,934)
- Financial fixed assets -€38,250
down €38,250 (-38.3%), from €100,000 to €61,750
- Receivables after one year +€23,530
new in 2025: €23,530
- Debts after one year +€384,411
up €384,411 (+943%), from €40,783 to €425,194
- Profit (loss) carried forward +€114,342
up €114,342 (+105%), from €108,923 to €223,264
- Other debts -€56,421
down €56,421 (-51.3%), from €109,907 to €53,486
- Trade debts -€42,233
down €42,233 (-27.2%), from €155,092 to €112,859
- Current portion of long-term debt +€28,493
up €28,493 (+195%), from €14,596 to €43,089
- Financial income +€96,251
up €96,251 (+17,255%), from €558 to €96,809
- Gross operating margin +€29,708
up €29,708 (+95.8%), from €31,015 to €60,722
- Taxes +€9,057
up €9,057, from -€1,354 to €7,703
- Other operating charges +€8,524
up €8,524 (+789%), from €1,081 to €9,605
- Staff costs +€3,903
new in 2025: €3,903
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 | €447,151 | €878,234 | +€431,083 | +96.4% |
| Fixed assets | 21/28 | €205,186 | €590,748 | +€385,561 | +188% |
| Intangible fixed assets | 21 | €5,195 | €6,176 | +€981 | +18.9% |
| Tangible fixed assets | 22/27 | €99,991 | €522,822 | +€422,831 | +423% |
| Land and buildings | 22 | €903 | €447,865 | +€446,962 | +49,480% |
| Plant, machinery and equipment | 23 | €96,864 | €72,986 | -€23,878 | -24.7% |
| Furniture and vehicles | 24 | €2,224 | €1,971 | -€253 | -11.4% |
| Financial fixed assets | 28 | €100,000 | €61,750 | -€38,250 | -38.3% |
| Current assets | 29/58 | €241,964 | €287,486 | +€45,522 | +18.8% |
| Amounts receivable after more than one year | 29 | - | €23,530 | +€23,530 | |
| Other amounts receivable | 291 | - | €23,530 | +€23,530 | |
| Amounts receivable within one year | 40/41 | €90,798 | €189,732 | +€98,934 | +109% |
| Trade receivables | 40 | €61,434 | €16,764 | -€44,670 | -72.7% |
| Other amounts receivable | 41 | €29,364 | €172,969 | +€143,604 | +489% |
| Cash at bank and in hand | 54/58 | €148,456 | €71,719 | -€76,737 | -51.7% |
| Deferred charges and accrued income | 490/1 | €2,710 | €2,505 | -€205 | -7.6% |
| Total equity and liabilities | 10/49 | €447,151 | €878,234 | +€431,083 | +96.4% |
| Equity | 10/15 | €110,923 | €225,264 | +€114,342 | +103% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,923 | €223,264 | +€114,342 | +105% |
| Amounts payable | 17/49 | €336,228 | €652,969 | +€316,741 | +94.2% |
| Amounts payable after more than one year | 17 | €40,783 | €425,194 | +€384,411 | +943% |
| Financial debts | 170/4 | €40,783 | €425,194 | +€384,411 | +943% |
| Amounts payable within one year | 42/48 | €295,445 | €221,035 | -€74,411 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €14,596 | €43,089 | +€28,493 | +195% |
| Financial debts | 43 | €287 | €340 | +€52 | +18.2% |
| Credit institutions | 430/8 | €287 | €340 | +€52 | +18.2% |
| Trade debts | 44 | €155,092 | €112,859 | -€42,233 | -27.2% |
| Suppliers | 440/4 | €155,092 | €112,859 | -€42,233 | -27.2% |
| Taxes, remuneration and social security | 45 | €15,563 | €11,261 | -€4,302 | -27.6% |
| Taxes | 450/3 | €15,563 | €11,261 | -€4,302 | -27.6% |
| Other amounts payable | 47/48 | €109,907 | €53,486 | -€56,421 | -51.3% |
| Accrued charges and deferred income | 492/3 | - | €6,741 | +€6,741 | |
| Remuneration, social security and pensions | 62 | - | €3,903 | +€3,903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,673 | €18,593 | +€2,920 | +18.6% |
| Other operating charges | 640/8 | €1,081 | €9,605 | +€8,524 | +789% |
| Non-recurring operating charges | 66A | - | €151 | +€151 | |
| Gross operating margin | 9900 | €31,015 | €60,722 | +€29,708 | +95.8% |
| Operating profit (loss) | 9901 | €14,260 | €28,470 | +€14,209 | +99.6% |
| Financial income | 75/76B | €558 | €96,809 | +€96,251 | +17,255% |
| Recurring financial income | 75 | €558 | €96,809 | +€96,251 | +17,255% |
| Financial charges | 65/66B | €5,094 | €3,233 | -€1,861 | -36.5% |
| Recurring financial charges | 65 | €5,094 | €3,233 | -€1,861 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €9,724 | €122,045 | +€112,321 | +1,155% |
| Income taxes | 67/77 | -€1,354 | €7,703 | +€9,057 | |
| Profit (loss) for the period | 9904 | €11,077 | €114,342 | +€103,264 | +932% |
| Profit (loss) for the period to be appropriated | 9905 | €11,077 | €114,342 | +€103,264 | +932% |
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 31 October 2026 via checked.be.