CRESENS: 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.
CRESENS
Largest movements
- Cash -€48,491
down €48,491 (-94.9%), from €51,108 to €2,617
mainly Debts after one year (-€673,779) and Investment in fixed assets (net) (-€48,620)
- Receivables within one year +€28,353
up €28,353 (+19.9%), from €142,300 to €170,652
of which Trade receivables: +€42,055
- Debts after one year -€673,779
down €673,779 (-100%), from €673,779 to €0
- Other debts +€649,863
up €649,863 (+79.4%), from €818,605 to €1.5m
- Gross operating margin +€61,331
up €61,331 (+82.7%), from €74,170 to €135,501
- Financial income -€36,169
down €36,169 (-100.0%), from €36,183 to €14
- Staff costs -€24,161
down €24,161, from €23,812 to -€349
- Depreciation -€22,374
down €22,374 (-28.1%), from €79,533 to €57,159
- Other operating charges +€8,144
up €8,144 (+106%), from €7,698 to €15,841
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 | €1,991,283 | €1,965,397 | -€25,886 | -1.3% |
| Fixed assets | 21/28 | €1,797,875 | €1,789,336 | -€8,539 | -0.5% |
| Tangible fixed assets | 22/27 | €1,797,875 | €1,789,336 | -€8,539 | -0.5% |
| Land and buildings | 22 | €1,795,807 | €1,739,896 | -€55,912 | -3.1% |
| Plant, machinery and equipment | 23 | €2,068 | €1,294 | -€774 | -37.4% |
| Assets under construction and advance payments | 27 | €0 | €48,146 | +€48,146 | |
| Current assets | 29/58 | €193,408 | €176,060 | -€17,347 | -9.0% |
| Amounts receivable within one year | 40/41 | €142,300 | €170,652 | +€28,353 | +19.9% |
| Trade receivables | 40 | €124,143 | €166,197 | +€42,055 | +33.9% |
| Other amounts receivable | 41 | €18,157 | €4,455 | -€13,702 | -75.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,108 | €2,617 | -€48,491 | -94.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,791 | +€2,791 | |
| Total equity and liabilities | 10/49 | €1,991,283 | €1,965,397 | -€25,886 | -1.3% |
| Equity | 10/15 | €456,992 | €471,217 | +€14,225 | +3.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €410,920 | €410,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,239 | €4,239 | = | 0.0% |
| Legal reserve | 130 | €4,239 | €4,239 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €0 | -€168,400 | -100% |
| Distributable reserves | 133 | €238,280 | €406,680 | +€168,400 | +70.7% |
| Profit (loss) carried forward | 14 | -€15,428 | -€1,203 | +€14,225 | +92.2% |
| Amounts payable | 17/49 | €1,534,291 | €1,494,179 | -€40,111 | -2.6% |
| Amounts payable after more than one year | 17 | €673,779 | €0 | -€673,779 | -100% |
| Other amounts payable | 178/9 | €673,779 | €0 | -€673,779 | -100% |
| Amounts payable within one year | 42/48 | €860,512 | €1,476,479 | +€615,968 | +71.6% |
| Trade debts | 44 | €22,581 | €8,011 | -€14,570 | -64.5% |
| Suppliers | 440/4 | €22,581 | €8,011 | -€14,570 | -64.5% |
| Taxes, remuneration and social security | 45 | €19,326 | €0 | -€19,326 | -100% |
| Taxes | 450/3 | €19,326 | €0 | -€19,326 | -100% |
| Other amounts payable | 47/48 | €818,605 | €1,468,468 | +€649,863 | +79.4% |
| Accrued charges and deferred income | 492/3 | - | €17,700 | +€17,700 | |
| Non-recurring operating income | 76A | €232 | €0 | -€232 | -100% |
| Remuneration, social security and pensions | 62 | €23,812 | -€349 | -€24,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,533 | €57,159 | -€22,374 | -28.1% |
| Other operating charges | 640/8 | €7,698 | €15,841 | +€8,144 | +106% |
| Gross operating margin | 9900 | €74,170 | €135,501 | +€61,331 | +82.7% |
| Operating profit (loss) | 9901 | -€36,872 | €62,850 | +€99,722 | |
| Financial income | 75/76B | €36,183 | €14 | -€36,169 | -100.0% |
| Recurring financial income | 75 | €36,183 | €14 | -€36,169 | -100.0% |
| Financial charges | 65/66B | €40,623 | €48,639 | +€8,016 | +19.7% |
| Recurring financial charges | 65 | €40,623 | €48,639 | +€8,016 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,313 | €14,225 | +€55,538 | |
| Income taxes | 67/77 | €60 | €0 | -€60 | -100% |
| Profit (loss) for the period | 9904 | -€41,373 | €14,225 | +€55,598 | |
| Transfer from tax-exempt reserves | 789 | - | €168,400 | +€168,400 | |
| Transfer to tax-exempt reserves | 689 | €0 | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,373 | €14,225 | +€55,598 |
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 24 October 2026 via checked.be.