CRESCENT VENTURES: 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.
What changed
CRESCENT VENTURES
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€27,663
2024 · €3.6m-€3.6m
Equity
€6.3m
2024 · €6.3m-€27,663
Cash
€10,320
2024 · €1,590+€8,730
Balance sheet total
€6.7m
2024 · €7.3m-€687,389
Largest movements
Assets
- Receivables within one year -€678,638
down €678,638 (-24.7%), from €2.7m to €2.1m
of which Other amounts receivable: -€640,384
Equity and liabilities
- Short-term financial debts -€480,000
down €480,000 (-96.0%), from €500,000 to €20,000
- Current portion of long-term debt -€132,644
no longer reported in 2025 (was €132,644)
- Trade debts -€93,353
down €93,353 (-94.5%), from €98,785 to €5,432
Income statement
- Financial income -€3.9m
down €3.9m (-97.2%), from €4.0m to €112,859
of which Non-recurring financial income: -€3.3m
- Financial charges -€194,491
down €194,491 (-77.4%), from €251,368 to €56,877
of which Financial charges: -€184,890
- Services and other goods -€56,132
down €56,132 (-50.4%), from €111,470 to €55,339
- Other operating income -€12,962
down €12,962 (-65.3%), from €19,861 to €6,899
- Other operating charges -€4,989
down €4,989 (-84.7%), from €5,891 to €901
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
€3.6m
Turnover
-€2,655
Other operating income
-€12,962
Services and other goods
+€56,132
Depreciation
+€1,547
Write-downs
-€2,790
Other operating charges
+€4,989
Financial income
-€3.9m
Financial charges
+€194,491
Result 2025
-€27,663
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.
From operations
+€621,374
Investment
€0
Financing
-€612,644
Cash 2024
€1,590
From operations (derived)
+€621,374
Net result for the year
-€27,663
Depreciation
+€17,135
Receivables within one year
+€678,638
Deferred charges and accrued income
+€346
Trade debts
-€93,353
Tax, wage and social debts
+€22,329
Other debts
+€7,803
Accrued charges and deferred income
+€16,140
Financing
-€612,644
Current portion of long-term debt
-€132,644
Short-term financial debts
-€480,000
Cash 2025
€10,320
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,342,677 | €6,655,288 | -€687,389 | -9.4% |
| Fixed assets | 21/28 | €4,598,135 | €4,581,000 | -€17,135 | -0.4% |
| Intangible fixed assets | 21 | €14,872 | - | -€14,872 | |
| Tangible fixed assets | 22/27 | €2,263 | - | -€2,263 | |
| Plant, machinery and equipment | 23 | €426 | - | -€426 | |
| Leasing and similar rights | 25 | €1,837 | - | -€1,837 | |
| Financial fixed assets | 28 | €4,581,000 | €4,581,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,581,000 | €4,581,000 | = | 0.0% |
| Participating interests | 280 | €4,581,000 | €4,581,000 | = | 0.0% |
| Current assets | 29/58 | €2,744,541 | €2,074,288 | -€670,254 | -24.4% |
| Amounts receivable within one year | 40/41 | €2,742,605 | €2,063,968 | -€678,638 | -24.7% |
| Trade receivables | 40 | €38,254 | - | -€38,254 | |
| Other amounts receivable | 41 | €2,704,351 | €2,063,968 | -€640,384 | -23.7% |
| Cash at bank and in hand | 54/58 | €1,590 | €10,320 | +€8,730 | +549.1% |
| Deferred charges and accrued income | 490/1 | €346 | - | -€346 | |
| Total equity and liabilities | 10/49 | €7,342,677 | €6,655,288 | -€687,389 | -9.4% |
| Equity | 10/15 | €6,297,370 | €6,269,707 | -€27,663 | -0.4% |
| Contributions | 10/11 | €7,665,684 | €7,665,684 | = | 0.0% |
| Capital | 10 | €7,665,684 | €7,665,684 | = | 0.0% |
| Issued capital | 100 | €7,665,684 | €7,665,684 | = | 0.0% |
| Revaluation surpluses | 12 | €562,682 | €562,682 | = | 0.0% |
| Reserves | 13 | €13,070 | €13,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,070 | €13,070 | = | 0.0% |
| Legal reserve | 130 | €13,070 | €13,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,944,066 | -€1,971,729 | -€27,663 | -1.4% |
| Amounts payable | 17/49 | €1,045,306 | €385,581 | -€659,726 | -63.1% |
| Amounts payable within one year | 42/48 | €1,030,967 | €355,102 | -€675,866 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €132,644 | - | -€132,644 | |
| Financial debts | 43 | €500,000 | €20,000 | -€480,000 | -96.0% |
| Other loans | 439 | €500,000 | €20,000 | -€480,000 | -96.0% |
| Trade debts | 44 | €98,785 | €5,432 | -€93,353 | -94.5% |
| Suppliers | 440/4 | €98,785 | €5,432 | -€93,353 | -94.5% |
| Taxes, remuneration and social security | 45 | €38,479 | €60,808 | +€22,329 | +58.0% |
| Remuneration and social security | 454/9 | €38,479 | €60,808 | +€22,329 | +58.0% |
| Other amounts payable | 47/48 | €261,058 | €268,861 | +€7,803 | +3.0% |
| Accrued charges and deferred income | 492/3 | €14,339 | €30,479 | +€16,140 | +112.6% |
| Operating income | 70/76A | €23,568 | €7,951 | -€15,617 | -66.3% |
| Turnover | 70 | €3,707 | €1,052 | -€2,655 | -71.6% |
| Other operating income | 74 | €19,861 | €6,899 | -€12,962 | -65.3% |
| Operating charges | 60/66A | €151,474 | €91,595 | -€59,879 | -39.5% |
| Services and other goods | 61 | €111,470 | €55,339 | -€56,132 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,683 | €17,135 | -€1,547 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,430 | €18,220 | +€2,790 | +18.1% |
| Other operating charges | 640/8 | €5,891 | €901 | -€4,989 | -84.7% |
| Operating profit (loss) | 9901 | -€127,906 | -€83,644 | +€44,262 | +34.6% |
| Financial income | 75/76B | €3,977,786 | €112,859 | -€3.9m | -97.2% |
| Recurring financial income | 75 | €682,094 | €112,859 | -€569,235 | -83.5% |
| Income from financial fixed assets | 750 | €642,730 | - | -€642,730 | |
| Income from current assets | 751 | €39,364 | €112,000 | +€72,637 | +184.5% |
| Other financial income | 752/9 | - | €858 | +€858 | |
| Non-recurring financial income | 76B | €3,295,693 | - | -€3.3m | |
| Financial charges | 65/66B | €251,368 | €56,877 | -€194,491 | -77.4% |
| Recurring financial charges | 65 | €241,767 | €56,877 | -€184,890 | -76.5% |
| Debt charges | 650 | €63,729 | €54,923 | -€8,806 | -13.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €169,511 | - | -€169,511 | |
| Other financial charges | 652/9 | €8,527 | €1,955 | -€6,572 | -77.1% |
| Non-recurring financial charges | 66B | €9,601 | - | -€9,601 | |
| Profit (loss) for the period before taxes | 9903 | €3,598,512 | -€27,663 | -€3.6m | |
| Profit (loss) for the period | 9904 | €3,598,512 | -€27,663 | -€3.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,598,512 | -€27,663 | -€3.6m |
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 6 October 2026 via checked.be.