CRESENS & FUCHS: 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 & FUCHS
Largest movements
- Tangible fixed assets -€46,567
down €46,567 (-12.8%), from €363,796 to €317,229
of which Furniture and vehicles: -€31,320
- Receivables within one year -€30,600
down €30,600 (-83.6%), from €36,600 to €6,000
of which Trade receivables: -€36,600
- Cash +€18,112
up €18,112 (+13.6%), from €133,080 to €151,192
mainly Depreciation (+€46,567) and Receivables within one year (+€30,600)
- Profit (loss) carried forward -€50,605
down €50,605, from €7,661 to -€42,944
- Tax, wage and social debts -€9,106
down €9,106 (-50.3%), from €18,107 to €9,001
- Gross operating margin -€17,507
down €17,507 (-67.5%), from €25,925 to €8,418
- Financial charges -€10,650
down €10,650 (-54.3%), from €19,610 to €8,959
- Depreciation -€2,890
down €2,890 (-5.8%), from €49,456 to €46,567
- Other operating charges -€1,387
down €1,387 (-31.1%), from €4,458 to €3,071
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 | €540,801 | €476,761 | -€64,040 | -11.8% |
| Fixed assets | 21/28 | €366,136 | €319,569 | -€46,567 | -12.7% |
| Tangible fixed assets | 22/27 | €363,796 | €317,229 | -€46,567 | -12.8% |
| Land and buildings | 22 | €267,938 | €255,582 | -€12,356 | -4.6% |
| Plant, machinery and equipment | 23 | €1,626 | €674 | -€953 | -58.6% |
| Furniture and vehicles | 24 | €90,228 | €58,908 | -€31,320 | -34.7% |
| Other tangible fixed assets | 26 | €4,004 | €2,066 | -€1,937 | -48.4% |
| Financial fixed assets | 28 | €2,340 | €2,340 | = | 0.0% |
| Current assets | 29/58 | €174,665 | €157,192 | -€17,473 | -10.0% |
| Amounts receivable within one year | 40/41 | €36,600 | €6,000 | -€30,600 | -83.6% |
| Trade receivables | 40 | €36,600 | - | -€36,600 | |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €133,080 | €151,192 | +€18,112 | +13.6% |
| Deferred charges and accrued income | 490/1 | €4,985 | - | -€4,985 | |
| Total equity and liabilities | 10/49 | €540,801 | €476,761 | -€64,040 | -11.8% |
| Equity | 10/15 | €392,321 | €341,716 | -€50,605 | -12.9% |
| Contributions | 10/11 | €129,200 | €129,200 | = | 0.0% |
| Reserves | 13 | €255,460 | €255,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,160 | €14,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,160 | €14,160 | = | 0.0% |
| Distributable reserves | 133 | €241,300 | €241,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,661 | -€42,944 | -€50,605 | |
| Amounts payable | 17/49 | €148,481 | €135,045 | -€13,435 | -9.0% |
| Amounts payable within one year | 42/48 | €148,481 | €135,045 | -€13,435 | -9.0% |
| Trade debts | 44 | €60 | €105 | +€45 | +74.0% |
| Suppliers | 440/4 | €60 | €105 | +€45 | +74.0% |
| Taxes, remuneration and social security | 45 | €18,107 | €9,001 | -€9,106 | -50.3% |
| Taxes | 450/3 | €18,107 | €9,001 | -€9,106 | -50.3% |
| Other amounts payable | 47/48 | €130,314 | €125,939 | -€4,374 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,456 | €46,567 | -€2,890 | -5.8% |
| Other operating charges | 640/8 | €4,458 | €3,071 | -€1,387 | -31.1% |
| Non-recurring operating charges | 66A | €10,634 | - | -€10,634 | |
| Gross operating margin | 9900 | €25,925 | €8,418 | -€17,507 | -67.5% |
| Operating profit (loss) | 9901 | -€38,623 | -€41,220 | -€2,596 | -6.7% |
| Financial charges | 65/66B | €19,610 | €8,959 | -€10,650 | -54.3% |
| Recurring financial charges | 65 | €19,610 | €8,959 | -€10,650 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,233 | -€50,179 | +€8,054 | +13.8% |
| Income taxes | 67/77 | €461 | €426 | -€35 | -7.6% |
| Profit (loss) for the period | 9904 | -€58,694 | -€50,605 | +€8,089 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,694 | -€50,605 | +€8,089 | +13.8% |
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 31 October 2026 via checked.be.