CRESCON: 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.
CRESCON
Largest movements
- Cash +€158,228
up €158,228 (+436%), from €36,332 to €194,560
mainly Net result for the year (+€368,621) and Depreciation (+€9,409)
- Current investments +€125,963
up €125,963 (+29.4%), from €428,616 to €554,579
- Receivables within one year +€50,973
up €50,973 (+34.0%), from €149,793 to €200,766
of which Other amounts receivable: +€89,658
- Reserves +€368,621
up €368,621 (+66.2%), from €557,184 to €925,804
of which Tax-exempt reserves: +€193,660
- Tax, wage and social debts -€39,656
down €39,656 (-58.6%), from €67,617 to €27,961
of which Taxes: -€39,683
- Gross operating margin +€82,505
up €82,505 (+20.6%), from €399,590 to €482,095
- Financial income +€37,538
up €37,538 (+866%), from €4,336 to €41,874
- Taxes +€34,140
up €34,140 (+31.1%), from €109,860 to €144,000
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 | €643,442 | €971,599 | +€328,157 | +51.0% |
| Fixed assets | 21/28 | €23,533 | €15,927 | -€7,606 | -32.3% |
| Intangible fixed assets | 21 | €16,402 | €12,688 | -€3,714 | -22.6% |
| Tangible fixed assets | 22/27 | €7,130 | €3,239 | -€3,892 | -54.6% |
| Plant, machinery and equipment | 23 | €1,915 | €578 | -€1,337 | -69.8% |
| Furniture and vehicles | 24 | €5,216 | €2,660 | -€2,555 | -49.0% |
| Current assets | 29/58 | €619,909 | €955,673 | +€335,763 | +54.2% |
| Amounts receivable within one year | 40/41 | €149,793 | €200,766 | +€50,973 | +34.0% |
| Trade receivables | 40 | €129,896 | €91,211 | -€38,685 | -29.8% |
| Other amounts receivable | 41 | €19,897 | €109,555 | +€89,658 | +451% |
| Current investments | 50/53 | €428,616 | €554,579 | +€125,963 | +29.4% |
| Cash at bank and in hand | 54/58 | €36,332 | €194,560 | +€158,228 | +436% |
| Deferred charges and accrued income | 490/1 | €5,169 | €5,768 | +€599 | +11.6% |
| Total equity and liabilities | 10/49 | €643,442 | €971,599 | +€328,157 | +51.0% |
| Equity | 10/15 | €559,684 | €928,304 | +€368,621 | +65.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €557,184 | €925,804 | +€368,621 | +66.2% |
| Tax-exempt reserves | 132 | €122,090 | €315,750 | +€193,660 | +159% |
| Distributable reserves | 133 | €435,094 | €610,054 | +€174,961 | +40.2% |
| Amounts payable | 17/49 | €83,758 | €43,295 | -€40,463 | -48.3% |
| Amounts payable within one year | 42/48 | €83,758 | €43,295 | -€40,463 | -48.3% |
| Trade debts | 44 | €16,141 | €15,334 | -€807 | -5.0% |
| Suppliers | 440/4 | €16,141 | €15,334 | -€807 | -5.0% |
| Taxes, remuneration and social security | 45 | €67,617 | €27,961 | -€39,656 | -58.6% |
| Taxes | 450/3 | €64,077 | €24,393 | -€39,683 | -61.9% |
| Remuneration and social security | 454/9 | €3,541 | €3,568 | +€27 | +0.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,327 | €9,409 | -€1,918 | -16.9% |
| Other operating charges | 640/8 | €1,434 | €1,367 | -€67 | -4.7% |
| Gross operating margin | 9900 | €399,590 | €482,095 | +€82,505 | +20.6% |
| Operating profit (loss) | 9901 | €386,829 | €471,319 | +€84,491 | +21.8% |
| Financial income | 75/76B | €4,336 | €41,874 | +€37,538 | +866% |
| Recurring financial income | 75 | €4,336 | €41,874 | +€37,538 | +866% |
| Financial charges | 65/66B | €1,125 | €573 | -€552 | -49.1% |
| Recurring financial charges | 65 | €1,125 | €573 | -€552 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €390,040 | €512,621 | +€122,581 | +31.4% |
| Income taxes | 67/77 | €109,860 | €144,000 | +€34,140 | +31.1% |
| Profit (loss) for the period | 9904 | €280,180 | €368,621 | +€88,441 | +31.6% |
| Transfer to tax-exempt reserves | 689 | €122,090 | €193,660 | +€71,570 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,090 | €174,961 | +€16,871 | +10.7% |
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 15 October 2026 via checked.be.