CRESCENTIAL: 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
CRESCENTIAL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€140,573
2024 · €793,628-€934,201
Equity
€4.9m
2024 · €5.0m-€140,573
Cash
€292,746
2024 · €664,247-€371,501
Balance sheet total
€13.0m
2024 · €13.2m-€215,057
Largest movements
Assets
- Tangible fixed assets +€575,496
up €575,496 (+8.7%), from €6.6m to €7.2m
of which Assets under construction and advance payments: +€862,495
- Financial fixed assets -€427,972
down €427,972 (-12.6%), from €3.4m to €3.0m
- Cash -€371,501
down €371,501 (-55.9%), from €664,247 to €292,746
mainly Investment in fixed assets (net) (-€503,125) and Debts after one year (-€442,228)
Equity and liabilities
- Debts after one year -€442,228
down €442,228 (-5.9%), from €7.5m to €7.1m
of which Financial debts: -€467,533
- Other debts +€400,816
up €400,816 (+415%), from €96,546 to €497,362
Income statement
- Gross operating margin -€769,408
down €769,408 (-51.7%), from €1.5m to €717,817
- Financial charges +€101,691
up €101,691 (+79.8%), from €127,485 to €229,177
- Staff costs +€19,479
up €19,479 (+19.7%), from €99,110 to €118,589
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
€793,628
Gross operating margin
-€769,408
Staff costs
-€19,479
Depreciation
+€2,401
Other operating charges
+€3,124
Other operating items
-€47,413
Financial income
-€3
Financial charges
-€101,691
Taxes
-€1,732
Result 2025
-€140,573
raises the resultlowers the resultnot broken down further in the accounts
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
+€590,941
Investment
-€503,125
Financing
-€459,317
Cash 2024
€664,247
From operations (derived)
+€590,941
Net result for the year
-€140,573
Depreciation
+€355,600
Receivables within one year
-€15,423
Deferred charges and accrued income
+€6,505
Provisions
-€5,615
Trade debts
+€17
Tax, wage and social debts
-€13,850
Advances received
+€3,464
Other debts
+€400,816
Investment (derived)
-€503,125
Investment in fixed assets (net)
-€503,125
Financing
-€459,317
Debts after one year
-€442,228
Current portion of long-term debt
-€17,089
Cash 2025
€292,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,200,631 | €12,985,573 | -€215,057 | -1.6% |
| Fixed assets | 21/28 | €9,986,099 | €10,133,624 | +€147,525 | +1.5% |
| Tangible fixed assets | 22/27 | €6,590,417 | €7,165,914 | +€575,496 | +8.7% |
| Land and buildings | 22 | €6,320,112 | €6,044,206 | -€275,906 | -4.4% |
| Plant, machinery and equipment | 23 | €1,961 | €10,241 | +€8,281 | +422% |
| Furniture and vehicles | 24 | €102,145 | €96,643 | -€5,503 | -5.4% |
| Other tangible fixed assets | 26 | €166,199 | €152,329 | -€13,870 | -8.3% |
| Assets under construction and advance payments | 27 | - | €862,495 | +€862,495 | |
| Financial fixed assets | 28 | €3,395,682 | €2,967,710 | -€427,972 | -12.6% |
| Current assets | 29/58 | €3,214,532 | €2,851,949 | -€362,582 | -11.3% |
| Stocks and contracts in progress | 3 | €154,661 | €154,661 | = | 0.0% |
| Stocks | 30/36 | €154,661 | €154,661 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,373,538 | €2,388,961 | +€15,423 | +0.6% |
| Trade receivables | 40 | €1,277,079 | €828,102 | -€448,978 | -35.2% |
| Other amounts receivable | 41 | €1,096,459 | €1,560,860 | +€464,401 | +42.4% |
| Cash at bank and in hand | 54/58 | €664,247 | €292,746 | -€371,501 | -55.9% |
| Deferred charges and accrued income | 490/1 | €22,087 | €15,581 | -€6,505 | -29.5% |
| Total equity and liabilities | 10/49 | €13,200,631 | €12,985,573 | -€215,057 | -1.6% |
| Equity | 10/15 | €5,049,820 | €4,909,247 | -€140,573 | -2.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €556,336 | €539,489 | -€16,846 | -3.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €538,258 | €521,412 | -€16,846 | -3.1% |
| Distributable reserves | 133 | €11,880 | €11,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,431,511 | €4,307,784 | -€123,727 | -2.8% |
| Provisions and deferred taxes | 16 | €179,420 | €173,804 | -€5,615 | -3.1% |
| Deferred taxes | 168 | €179,420 | €173,804 | -€5,615 | -3.1% |
| Amounts payable | 17/49 | €7,971,391 | €7,902,522 | -€68,869 | -0.9% |
| Amounts payable after more than one year | 17 | €7,530,064 | €7,087,836 | -€442,228 | -5.9% |
| Financial debts | 170/4 | €7,506,264 | €7,038,731 | -€467,533 | -6.2% |
| Other amounts payable | 178/9 | €23,800 | €49,105 | +€25,305 | +106% |
| Amounts payable within one year | 42/48 | €441,327 | €814,686 | +€373,358 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €41,104 | €24,015 | -€17,089 | -41.6% |
| Trade debts | 44 | €265,957 | €265,975 | +€17 | 0.0% |
| Suppliers | 440/4 | €265,957 | €265,975 | +€17 | 0.0% |
| Advances received on contracts in progress | 46 | - | €3,464 | +€3,464 | |
| Taxes, remuneration and social security | 45 | €37,720 | €23,870 | -€13,850 | -36.7% |
| Taxes | 450/3 | €30,184 | €16,568 | -€13,616 | -45.1% |
| Remuneration and social security | 454/9 | €7,536 | €7,302 | -€234 | -3.1% |
| Other amounts payable | 47/48 | €96,546 | €497,362 | +€400,816 | +415% |
| Non-recurring operating income | 76A | - | €14,400 | +€14,400 | |
| Remuneration, social security and pensions | 62 | €99,110 | €118,589 | +€19,479 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,000 | €355,600 | -€2,401 | -0.7% |
| Other operating charges | 640/8 | €109,708 | €106,585 | -€3,124 | -2.8% |
| Non-recurring operating charges | 66A | - | €47,413 | +€47,413 | |
| Gross operating margin | 9900 | €1,487,224 | €717,817 | -€769,408 | -51.7% |
| Operating profit (loss) | 9901 | €920,406 | €89,631 | -€830,776 | -90.3% |
| Financial income | 75/76B | €3 | €0 | -€3 | -89.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -89.7% |
| Financial charges | 65/66B | €127,485 | €229,177 | +€101,691 | +79.8% |
| Recurring financial charges | 65 | €127,485 | €229,177 | +€101,691 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €792,924 | -€139,546 | -€932,470 | |
| Transfer from deferred taxes | 780 | €5,615 | €5,615 | = | 0.0% |
| Income taxes | 67/77 | €4,911 | €6,642 | +€1,732 | +35.3% |
| Profit (loss) for the period | 9904 | €793,628 | -€140,573 | -€934,201 | |
| Transfer from tax-exempt reserves | 789 | €16,846 | €16,846 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €810,475 | -€123,727 | -€934,201 |
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 19 October 2026 via checked.be.