CRESCENOS: 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.
What changed
CRESCENOS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.8m
2024 · €133,798+€5.7m
Equity
€16.5m
2024 · €10.8m+€5.7m
Cash
€20,669
2024 · €9,480+€11,188
Balance sheet total
€52.6m
2024 · €42.2m+€10.5m
Largest movements
Assets
- Receivables within one year +€13.5m
up €13.5m (+155%), from €8.7m to €22.2m
of which Other amounts receivable: +€14.6m
- Financial fixed assets -€3.0m
down €3.0m (-9.5%), from €31.4m to €28.5m
of which Affiliated companies: -€2.2m
Equity and liabilities
- Other debts +€7.3m
up €7.3m (+69.0%), from €10.6m to €17.9m
- Profit (loss) carried forward +€5.5m
up €5.5m (+60.0%), from €9.2m to €14.7m
- Debts after one year -€2.5m
down €2.5m (-14.3%), from €17.3m to €14.8m
Income statement
- Financial income +€5.3m
up €5.3m (+4,701%), from €113,732 to €5.5m
of which Non-recurring financial income: +€5.3m
- Financial charges +€533,181
up €533,181 (+97.5%), from €546,673 to €1.1m
of which Financial charges: +€481,954
- Services and other goods -€374,026
down €374,026 (-39.1%), from €955,963 to €581,937
- Turnover +€282,771
up €282,771 (+12.7%), from €2.2m to €2.5m
- Staff costs -€96,829
down €96,829 (-20.5%), from €471,982 to €375,153
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.
Result 2024
€133,798
Turnover
+€282,771
Other operating income
+€11,468
Services and other goods
+€374,026
Staff costs
+€96,829
Depreciation
+€5,551
Other operating charges
+€504
Financial income
+€5.3m
Financial charges
-€533,181
Taxes
+€79,968
Result 2025
€5.8m
raises the resultlowers the result
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.
From operations
-€183,721
Investment
+€3.0m
Financing
-€2.8m
Cash 2024
€9,480
From operations (derived)
-€183,721
Net result for the year
+€5.8m
Depreciation
+€35,547
Receivables within one year
-€13.5m
Deferred charges and accrued income
-€2,622
Trade debts
-€135,088
Tax, wage and social debts
+€124,780
Other debts
+€7.3m
Accrued charges and deferred income
+€157,523
Investment (derived)
+€3.0m
Investment in fixed assets (net)
+€3.0m
Financing
-€2.8m
Debts after one year
-€2.5m
Current portion of long-term debt
-€18,778
Short-term financial debts
-€157,525
Contributions, distributions and other
-€130,000
Cash 2025
€20,669
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,196,274 | €52,647,153 | +€10.5m | +24.8% |
| Fixed assets | 21/28 | €33,191,840 | €30,174,216 | -€3.0m | -9.1% |
| Tangible fixed assets | 22/27 | €1,756,038 | €1,720,112 | -€35,926 | -2.0% |
| Land and buildings | 22 | €1,650,000 | €1,650,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,350 | €625 | -€1,726 | -73.4% |
| Furniture and vehicles | 24 | €75,690 | €45,811 | -€29,879 | -39.5% |
| Other tangible fixed assets | 26 | €27,998 | €23,676 | -€4,322 | -15.4% |
| Financial fixed assets | 28 | €31,435,801 | €28,454,104 | -€3.0m | -9.5% |
| Affiliated companies | 280/1 | €22,336,691 | €20,153,465 | -€2.2m | -9.8% |
| Participating interests | 280 | €22,336,691 | €20,153,465 | -€2.2m | -9.8% |
| Companies linked by participating interests | 282/3 | €5,546,093 | €3,868,653 | -€1.7m | -30.2% |
| Participating interests | 282 | €5,546,093 | €3,868,653 | -€1.7m | -30.2% |
| Other financial fixed assets | 284/8 | €3,553,017 | €4,431,986 | +€878,969 | +24.7% |
| Shares | 284 | €3,553,017 | €4,431,986 | +€878,969 | +24.7% |
| Current assets | 29/58 | €9,004,434 | €22,472,937 | +€13.5m | +150% |
| Amounts receivable after more than one year | 29 | €287,500 | €287,500 | = | 0.0% |
| Other amounts receivable | 291 | €287,500 | €287,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,697,391 | €22,152,084 | +€13.5m | +155% |
| Trade receivables | 40 | €1,356,043 | €233,927 | -€1.1m | -82.7% |
| Other amounts receivable | 41 | €7,341,348 | €21,918,157 | +€14.6m | +199% |
| Cash at bank and in hand | 54/58 | €9,480 | €20,669 | +€11,188 | +118% |
| Deferred charges and accrued income | 490/1 | €10,063 | €12,684 | +€2,622 | +26.1% |
| Total equity and liabilities | 10/49 | €42,196,274 | €52,647,153 | +€10.5m | +24.8% |
| Equity | 10/15 | €10,836,698 | €16,504,952 | +€5.7m | +52.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,639,943 | €1,808,343 | +€168,400 | +10.3% |
| Tax-exempt reserves | 132 | €840,443 | €1,008,843 | +€168,400 | +20.0% |
| Distributable reserves | 133 | €799,500 | €799,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,171,754 | €14,671,609 | +€5.5m | +60.0% |
| Amounts payable | 17/49 | €31,359,576 | €36,142,201 | +€4.8m | +15.3% |
| Amounts payable after more than one year | 17 | €17,305,731 | €14,824,866 | -€2.5m | -14.3% |
| Financial debts | 170/4 | €17,305,731 | €14,824,866 | -€2.5m | -14.3% |
| Subordinated loans | 170 | €3,200,000 | €3,200,000 | = | 0.0% |
| Credit institutions | 173 | €13,105,731 | €10,624,866 | -€2.5m | -18.9% |
| Other loans | 174 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,957,023 | €21,062,990 | +€7.1m | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €2,499,642 | €2,480,865 | -€18,778 | -0.8% |
| Financial debts | 43 | €220,070 | €62,545 | -€157,525 | -71.6% |
| Credit institutions | 430/8 | €220,070 | €62,545 | -€157,525 | -71.6% |
| Trade debts | 44 | €484,959 | €349,871 | -€135,088 | -27.9% |
| Suppliers | 440/4 | €484,959 | €349,871 | -€135,088 | -27.9% |
| Taxes, remuneration and social security | 45 | €188,409 | €313,189 | +€124,780 | +66.2% |
| Taxes | 450/3 | €116,855 | €249,022 | +€132,167 | +113% |
| Remuneration and social security | 454/9 | €71,554 | €64,168 | -€7,387 | -10.3% |
| Other amounts payable | 47/48 | €10,563,943 | €17,856,521 | +€7.3m | +69.0% |
| Accrued charges and deferred income | 492/3 | €96,822 | €254,345 | +€157,523 | +163% |
| Operating income | 70/76A | €2,254,540 | €2,548,778 | +€294,239 | +13.1% |
| Turnover | 70 | €2,223,342 | €2,506,113 | +€282,771 | +12.7% |
| Other operating income | 74 | €31,198 | €42,665 | +€11,468 | +36.8% |
| Operating charges | 60/66A | €1,470,731 | €993,821 | -€476,910 | -32.4% |
| Services and other goods | 61 | €955,963 | €581,937 | -€374,026 | -39.1% |
| Remuneration, social security and pensions | 62 | €471,982 | €375,153 | -€96,829 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,098 | €35,547 | -€5,551 | -13.5% |
| Other operating charges | 640/8 | €1,689 | €1,184 | -€504 | -29.9% |
| Operating profit (loss) | 9901 | €783,809 | €1,554,957 | +€771,148 | +98.4% |
| Financial income | 75/76B | €113,732 | €5,460,253 | +€5.3m | +4,701% |
| Recurring financial income | 75 | €113,732 | €134,046 | +€20,314 | +17.9% |
| Income from current assets | 751 | €113,731 | €134,033 | +€20,303 | +17.9% |
| Other financial income | 752/9 | €1 | €13 | +€12 | +1,202% |
| Non-recurring financial income | 76B | - | €5,326,207 | +€5.3m | |
| Financial charges | 65/66B | €546,673 | €1,079,855 | +€533,181 | +97.5% |
| Recurring financial charges | 65 | €546,673 | €1,028,627 | +€481,954 | +88.2% |
| Debt charges | 650 | €526,550 | €1,021,964 | +€495,414 | +94.1% |
| Other financial charges | 652/9 | €20,123 | €6,663 | -€13,460 | -66.9% |
| Non-recurring financial charges | 66B | - | €51,228 | +€51,228 | |
| Profit (loss) for the period before taxes | 9903 | €350,867 | €5,935,355 | +€5.6m | +1,592% |
| Income taxes | 67/77 | €217,068 | €137,100 | -€79,968 | -36.8% |
| Taxes | 670/3 | €217,068 | €137,100 | -€79,968 | -36.8% |
| Profit (loss) for the period | 9904 | €133,798 | €5,798,255 | +€5.7m | +4,234% |
| Transfer to tax-exempt reserves | 689 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,798 | €5,629,855 | +€5.5m | +4,108% |
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 24 October 2026 via checked.be.