Crescente: 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.
Crescente
Largest movements
- Tangible fixed assets +€77,605
up €77,605 (+75.9%), from €102,258 to €179,864
of which Furniture and vehicles: +€81,111
- Cash +€17,931
up €17,931 (+12.0%), from €150,036 to €167,966
mainly Net result for the year (+€45,720) and Debts after one year (+€40,952)
- Deferred charges and accrued income +€6,715
up €6,715 (+201%), from €3,339 to €10,055
- Receivables within one year +€4,414
up €4,414 (+260%), from €1,700 to €6,115
of which Trade receivables: +€3,628
- Debts after one year +€40,952
up €40,952 (+63.2%), from €64,754 to €105,706
- Reserves +€40,000
up €40,000 (+61.7%), from €64,860 to €104,860
of which Distributable reserves: +€40,000
- Current portion of long-term debt +€14,149
up €14,149 (+113%), from €12,491 to €26,640
- Trade debts +€6,329
up €6,329 (+57.8%), from €10,955 to €17,284
- Profit (loss) carried forward +€5,720
up €5,720 (+6.7%), from €84,871 to €90,591
- Gross operating margin +€9,495
up €9,495 (+10.2%), from €92,892 to €102,387
- Other operating charges +€2,810
up €2,810 (+143%), from €1,970 to €4,779
- Depreciation -€2,190
down €2,190 (-6.4%), from €34,300 to €32,110
- Taxes +€2,141
up €2,141 (+14.3%), from €14,978 to €17,119
- Financial charges +€1,057
up €1,057 (+44.7%), from €2,366 to €3,423
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 | €257,335 | €365,800 | +€108,465 | +42.1% |
| Fixed assets | 21/28 | €102,259 | €181,665 | +€79,405 | +77.7% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €102,258 | €179,864 | +€77,605 | +75.9% |
| Land and buildings | 22 | €70,404 | €62,561 | -€7,842 | -11.1% |
| Plant, machinery and equipment | 23 | €23,031 | €28,365 | +€5,333 | +23.2% |
| Furniture and vehicles | 24 | - | €81,111 | +€81,111 | |
| Other tangible fixed assets | 26 | €8,824 | €7,827 | -€996 | -11.3% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €155,075 | €184,136 | +€29,060 | +18.7% |
| Amounts receivable within one year | 40/41 | €1,700 | €6,115 | +€4,414 | +260% |
| Trade receivables | 40 | €1,514 | €5,142 | +€3,628 | +240% |
| Other amounts receivable | 41 | €186 | €973 | +€786 | +422% |
| Cash at bank and in hand | 54/58 | €150,036 | €167,966 | +€17,931 | +12.0% |
| Deferred charges and accrued income | 490/1 | €3,339 | €10,055 | +€6,715 | +201% |
| Total equity and liabilities | 10/49 | €257,335 | €365,800 | +€108,465 | +42.1% |
| Equity | 10/15 | €168,331 | €214,051 | +€45,720 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,860 | €104,860 | +€40,000 | +61.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €103,000 | +€40,000 | +63.5% |
| Profit (loss) carried forward | 14 | €84,871 | €90,591 | +€5,720 | +6.7% |
| Amounts payable | 17/49 | €89,004 | €151,749 | +€62,745 | +70.5% |
| Amounts payable after more than one year | 17 | €64,754 | €105,706 | +€40,952 | +63.2% |
| Financial debts | 170/4 | €64,754 | €105,706 | +€40,952 | +63.2% |
| Amounts payable within one year | 42/48 | €24,250 | €46,043 | +€21,794 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | €12,491 | €26,640 | +€14,149 | +113% |
| Trade debts | 44 | €10,955 | €17,284 | +€6,329 | +57.8% |
| Suppliers | 440/4 | €10,955 | €17,284 | +€6,329 | +57.8% |
| Taxes, remuneration and social security | 45 | - | €2,119 | +€2,119 | |
| Taxes | 450/3 | - | €2,119 | +€2,119 | |
| Other amounts payable | 47/48 | €804 | - | -€804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,300 | €32,110 | -€2,190 | -6.4% |
| Other operating charges | 640/8 | €1,970 | €4,779 | +€2,810 | +143% |
| Gross operating margin | 9900 | €92,892 | €102,387 | +€9,495 | +10.2% |
| Operating profit (loss) | 9901 | €56,622 | €65,497 | +€8,875 | +15.7% |
| Financial income | 75/76B | €549 | €765 | +€216 | +39.2% |
| Recurring financial income | 75 | €549 | €765 | +€216 | +39.2% |
| Financial charges | 65/66B | €2,366 | €3,423 | +€1,057 | +44.7% |
| Recurring financial charges | 65 | €2,366 | €3,423 | +€1,057 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €54,806 | €62,840 | +€8,033 | +14.7% |
| Income taxes | 67/77 | €14,978 | €17,119 | +€2,141 | +14.3% |
| Profit (loss) for the period | 9904 | €39,828 | €45,720 | +€5,892 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,828 | €45,720 | +€5,892 | +14.8% |
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 19 October 2026 via checked.be.