CRESCENZA: 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.
CRESCENZA
Largest movements
- Tangible fixed assets +€674,604
up €674,604 (+111%), from €609,357 to €1.3m
of which Land and buildings: +€685,789
- Debts after one year +€402,925
up €402,925 (+9,827%), from €4,100 to €407,025
of which Financial debts: +€400,000
- Reserves +€230,647
up €230,647 (+33.3%), from €691,824 to €922,471
- Financial income +€303,168
up €303,168 (+292%), from €103,905 to €407,073
of which Non-recurring financial income: +€276,245
- Depreciation +€58,060
up €58,060 (+141%), from €41,316 to €99,376
- Taxes +€57,398
up €57,398 (+150%), from €38,344 to €95,742
- Financial charges +€25,793
up €25,793 (+118%), from €21,842 to €47,635
- Other operating charges +€1,861
up €1,861 (+36.5%), from €5,102 to €6,964
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 | €3,604,840 | €4,244,807 | +€639,967 | +17.8% |
| Fixed assets | 21/28 | €799,890 | €1,433,428 | +€633,538 | +79.2% |
| Tangible fixed assets | 22/27 | €609,357 | €1,283,962 | +€674,604 | +111% |
| Land and buildings | 22 | €557,709 | €1,243,497 | +€685,789 | +123% |
| Plant, machinery and equipment | 23 | €10,573 | €10,895 | +€322 | +3.0% |
| Furniture and vehicles | 24 | €41,075 | €29,569 | -€11,506 | -28.0% |
| Financial fixed assets | 28 | €190,533 | €149,466 | -€41,067 | -21.6% |
| Current assets | 29/58 | €2,804,950 | €2,811,379 | +€6,429 | +0.2% |
| Amounts receivable within one year | 40/41 | €214,056 | €208,736 | -€5,319 | -2.5% |
| Trade receivables | 40 | €12,056 | €0 | -€12,056 | -100% |
| Other amounts receivable | 41 | €202,000 | €208,736 | +€6,736 | +3.3% |
| Current investments | 50/53 | €2,146,426 | €2,146,982 | +€556 | 0.0% |
| Cash at bank and in hand | 54/58 | €422,902 | €442,679 | +€19,777 | +4.7% |
| Deferred charges and accrued income | 490/1 | €21,567 | €12,983 | -€8,584 | -39.8% |
| Total equity and liabilities | 10/49 | €3,604,840 | €4,244,807 | +€639,967 | +17.8% |
| Equity | 10/15 | €3,567,595 | €3,798,242 | +€230,647 | +6.5% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Reserves | 13 | €691,824 | €922,471 | +€230,647 | +33.3% |
| Distributable reserves | 133 | €691,824 | €922,471 | +€230,647 | +33.3% |
| Profit (loss) carried forward | 14 | €1,955,771 | €1,955,771 | = | 0.0% |
| Amounts payable | 17/49 | €37,245 | €446,566 | +€409,321 | +1,099% |
| Amounts payable after more than one year | 17 | €4,100 | €407,025 | +€402,925 | +9,827% |
| Financial debts | 170/4 | - | €400,000 | +€400,000 | |
| Other amounts payable | 178/9 | €4,100 | €7,025 | +€2,925 | +71.3% |
| Amounts payable within one year | 42/48 | €23,766 | €27,292 | +€3,526 | +14.8% |
| Trade debts | 44 | €15,070 | €1,019 | -€14,051 | -93.2% |
| Suppliers | 440/4 | €15,070 | €1,019 | -€14,051 | -93.2% |
| Taxes, remuneration and social security | 45 | €8,695 | €1,273 | -€7,423 | -85.4% |
| Taxes | 450/3 | €8,695 | €1,273 | -€7,423 | -85.4% |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €9,380 | €12,249 | +€2,869 | +30.6% |
| Non-recurring operating income | 76A | €3,023 | €0 | -€3,023 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,316 | €99,376 | +€58,060 | +141% |
| Other operating charges | 640/8 | €5,102 | €6,964 | +€1,861 | +36.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,124 | €98,291 | -€833 | -0.8% |
| Operating profit (loss) | 9901 | €52,706 | -€8,049 | -€60,755 | |
| Financial income | 75/76B | €103,905 | €407,073 | +€303,168 | +292% |
| Recurring financial income | 75 | €103,905 | €130,827 | +€26,922 | +25.9% |
| Non-recurring financial income | 76B | - | €276,245 | +€276,245 | |
| Financial charges | 65/66B | €21,842 | €47,635 | +€25,793 | +118% |
| Recurring financial charges | 65 | €21,842 | €47,635 | +€25,793 | +118% |
| Profit (loss) for the period before taxes | 9903 | €134,769 | €351,389 | +€216,620 | +161% |
| Income taxes | 67/77 | €38,344 | €95,742 | +€57,398 | +150% |
| Profit (loss) for the period | 9904 | €96,425 | €255,647 | +€159,221 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €96,425 | €255,647 | +€159,221 | +165% |
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 23 October 2026 via checked.be.