CRESCUNT: what changed
Two fiscal 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.
CRESCUNT
Largest movements
- Tangible fixed assets -€157,317
down €157,317 (-9.0%), from €1.8m to €1.6m
of which Land and buildings: -€121,572
- Receivables within one year +€112,239
up €112,239 (+366.8%), from €30,597 to €142,836
of which Other amounts receivable: +€118,565
- Cash -€46,550
down €46,550 (-35.2%), from €132,210 to €85,660
mainly Debts after one year (-€213,930) and Receivables within one year (-€112,239)
- Debts after one year -€213,930
down €213,930 (-20.1%), from €1.1m to €850,255
- Profit (loss) carried forward +€73,736
up €73,736 (+92.9%), from €79,353 to €153,089
- Current portion of long-term debt +€57,600
up €57,600 (+55.2%), from €104,305 to €161,906
- Depreciation +€36,046
up €36,046 (+29.7%), from €121,271 to €157,317
- Gross operating margin +€33,729
up €33,729 (+14.2%), from €236,734 to €270,462
- Taxes -€16,542
down €16,542 (-42.3%), from €39,135 to €22,593
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.
Cash bridge derived
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 | €1,913,925 | €1,822,297 | -€91,628 | -4.8% |
| Fixed assets | 21/28 | €1,751,116 | €1,593,799 | -€157,317 | -9.0% |
| Tangible fixed assets | 22/27 | €1,751,116 | €1,593,799 | -€157,317 | -9.0% |
| Land and buildings | 22 | €1,649,538 | €1,527,966 | -€121,572 | -7.4% |
| Plant, machinery and equipment | 23 | €90,727 | €57,294 | -€33,433 | -36.8% |
| Furniture and vehicles | 24 | €10,851 | €8,539 | -€2,312 | -21.3% |
| Current assets | 29/58 | €162,809 | €228,498 | +€65,689 | +40.3% |
| Amounts receivable within one year | 40/41 | €30,597 | €142,836 | +€112,239 | +366.8% |
| Trade receivables | 40 | €30,597 | €24,271 | -€6,327 | -20.7% |
| Other amounts receivable | 41 | - | €118,565 | +€118,565 | |
| Current investments | 50/53 | €2 | €2 | -€0 | -5.9% |
| Cash at bank and in hand | 54/58 | €132,210 | €85,660 | -€46,550 | -35.2% |
| Total equity and liabilities | 10/49 | €1,913,925 | €1,822,297 | -€91,628 | -4.8% |
| Equity | 10/15 | €590,761 | €658,075 | +€67,314 | +11.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €325,068 | €325,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €237,568 | €237,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,353 | €153,089 | +€73,736 | +92.9% |
| Investment grants | 15 | €161,339 | €154,917 | -€6,422 | -4.0% |
| Amounts payable | 17/49 | €1,323,165 | €1,164,223 | -€158,942 | -12.0% |
| Amounts payable after more than one year | 17 | €1,064,185 | €850,255 | -€213,930 | -20.1% |
| Financial debts | 170/4 | €1,064,185 | €850,255 | -€213,930 | -20.1% |
| Amounts payable within one year | 42/48 | €258,574 | €313,968 | +€55,394 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €104,305 | €161,906 | +€57,600 | +55.2% |
| Trade debts | 44 | €732 | - | -€732 | |
| Suppliers | 440/4 | €732 | - | -€732 | |
| Taxes, remuneration and social security | 45 | €58,714 | €47,331 | -€11,383 | -19.4% |
| Taxes | 450/3 | €58,714 | €47,331 | -€11,383 | -19.4% |
| Other amounts payable | 47/48 | €94,822 | €104,731 | +€9,909 | +10.4% |
| Accrued charges and deferred income | 492/3 | €406 | - | -€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,271 | €157,317 | +€36,046 | +29.7% |
| Other operating charges | 640/8 | €5,781 | €5,895 | +€115 | +2.0% |
| Gross operating margin | 9900 | €236,734 | €270,462 | +€33,729 | +14.2% |
| Operating profit (loss) | 9901 | €109,682 | €107,250 | -€2,432 | -2.2% |
| Financial income | 75/76B | €6,422 | €6,731 | +€309 | +4.8% |
| Recurring financial income | 75 | €6,422 | €6,731 | +€309 | +4.8% |
| Financial charges | 65/66B | €19,919 | €17,652 | -€2,267 | -11.4% |
| Recurring financial charges | 65 | €19,919 | €17,652 | -€2,267 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €96,185 | €96,329 | +€144 | +0.1% |
| Income taxes | 67/77 | €39,135 | €22,593 | -€16,542 | -42.3% |
| Profit (loss) for the period | 9904 | €57,050 | €73,736 | +€16,686 | +29.2% |
| Transfer to tax-exempt reserves | 689 | €20,000 | - | -€20,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,050 | €73,736 | +€36,686 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.