Crescere & Credere: 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.
Crescere & Credere
Largest movements
- Financial fixed assets -€2.4m
no longer reported in 2025 (was €2.4m)
- Current investments +€1.7m
new in 2025: €1.7m
- Receivables within one year -€570,473
down €570,473 (-83.8%), from €680,658 to €110,185
of which Trade receivables: -€423,500
- Cash +€30,830
up €30,830 (+31,141%), from €99 to €30,929
- Other debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Reserves +€307,089
up €307,089 (+1,262%), from €24,327 to €331,416
of which Distributable reserves: +€185,887
- Tax, wage and social debts -€78,243
down €78,243 (-99.7%), from €78,499 to €256
- Contributions +€64,160
up €64,160 (+4.6%), from €1.4m to €1.5m
- Trade debts +€58,080
new in 2025: €58,080
- Financial income +€35.1m
up €35.1m (+29,277%), from €120,000 to €35.3m
of which Non-recurring financial income: +€34.8m
- Gross operating margin -€919,551
down €919,551, from €350,000 to -€569,551
- Taxes +€34,506
up €34,506 (+690%), from €5,000 to €39,506
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,077,240 | €1,844,603 | -€1.2m | -40.1% |
| Fixed assets | 21/28 | €2,396,483 | - | -€2.4m | |
| Financial fixed assets | 28 | €2,396,483 | - | -€2.4m | |
| Current assets | 29/58 | €680,757 | €1,844,603 | +€1.2m | +171% |
| Amounts receivable within one year | 40/41 | €680,658 | €110,185 | -€570,473 | -83.8% |
| Trade receivables | 40 | €423,500 | - | -€423,500 | |
| Other amounts receivable | 41 | €257,158 | €110,185 | -€146,973 | -57.2% |
| Current investments | 50/53 | - | €1,700,000 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €99 | €30,929 | +€30,830 | +31,141% |
| Deferred charges and accrued income | 490/1 | - | €3,489 | +€3,489 | |
| Total equity and liabilities | 10/49 | €3,077,240 | €1,844,603 | -€1.2m | -40.1% |
| Equity | 10/15 | €1,414,327 | €1,786,267 | +€371,940 | +26.3% |
| Contributions | 10/11 | €1,390,000 | €1,454,160 | +€64,160 | +4.6% |
| Capital | 10 | €1,390,000 | €1,454,160 | +€64,160 | +4.6% |
| Issued capital | 100 | €1,390,000 | €1,454,160 | +€64,160 | +4.6% |
| Reserves | 13 | €24,327 | €331,416 | +€307,089 | +1,262% |
| Non-distributable reserves | 130/1 | €24,214 | €145,416 | +€121,202 | +501% |
| Legal reserve | 130 | €24,214 | €145,416 | +€121,202 | +501% |
| Distributable reserves | 133 | €113 | €186,000 | +€185,887 | +164,502% |
| Profit (loss) carried forward | 14 | - | €691 | +€691 | |
| Amounts payable | 17/49 | €1,662,913 | €58,336 | -€1.6m | -96.5% |
| Amounts payable within one year | 42/48 | €1,662,913 | €58,336 | -€1.6m | -96.5% |
| Trade debts | 44 | - | €58,080 | +€58,080 | |
| Suppliers | 440/4 | - | €58,080 | +€58,080 | |
| Taxes, remuneration and social security | 45 | €78,499 | €256 | -€78,243 | -99.7% |
| Taxes | 450/3 | €78,499 | €256 | -€78,243 | -99.7% |
| Other amounts payable | 47/48 | €1,584,414 | - | -€1.6m | |
| Non-recurring operating income | 76A | - | €175 | +€175 | |
| Other operating charges | 640/8 | €1,702 | €1,391 | -€311 | -18.3% |
| Gross operating margin | 9900 | €350,000 | -€569,551 | -€919,551 | |
| Operating profit (loss) | 9901 | €348,298 | -€570,942 | -€919,240 | |
| Financial income | 75/76B | €120,000 | €35,252,022 | +€35.1m | +29,277% |
| Recurring financial income | 75 | €120,000 | €458,508 | +€338,508 | +282% |
| Non-recurring financial income | 76B | - | €34,793,514 | +€34.8m | |
| Financial charges | 65/66B | €238 | €458 | +€220 | +92.4% |
| Recurring financial charges | 65 | €238 | €458 | +€220 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €468,060 | €34,680,622 | +€34.2m | +7,309% |
| Income taxes | 67/77 | €5,000 | €39,506 | +€34,506 | +690% |
| Profit (loss) for the period | 9904 | €463,060 | €34,641,116 | +€34.2m | +7,381% |
| Profit (loss) for the period to be appropriated | 9905 | €463,060 | €34,641,116 | +€34.2m | +7,381% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.