CRESPEX: 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.
CRESPEX
Largest movements
- Tangible fixed assets +€60,758
up €60,758 (+380.4%), from €15,971 to €76,729
- Receivables within one year +€13,097
up €13,097 (+48.3%), from €27,100 to €40,197
of which Trade receivables: +€7,279
- Cash -€3,691
down €3,691 (-19.6%), from €18,854 to €15,163
mainly Investment in fixed assets (net) (-€73,482) and Receivables within one year (-€13,097)
- Deferred charges and accrued income +€3,470
new in 2025: €3,470
- Debts after one year +€39,970
new in 2025: €39,970
- Profit (loss) carried forward +€18,965
up €18,965 (+50.8%), from €37,331 to €56,296
- Current portion of long-term debt +€6,471
up €6,471 (+71.0%), from €9,115 to €15,586
- Trade debts +€6,340
up €6,340 (+792.4%), from €800 to €7,140
- Tax, wage and social debts +€1,889
up €1,889 (+14.3%), from €13,179 to €15,068
- Gross operating margin +€20,713
up €20,713 (+100.8%), from €20,541 to €41,254
- Depreciation +€7,928
up €7,928 (+165.3%), from €4,796 to €12,724
- Financial income -€1,084
down €1,084 (-89.5%), from €1,211 to €127
of which Financial income: -€568
- Financial charges +€903
up €903 (+229.8%), from €393 to €1,296
of which Financial charges: +€973
- Taxes +€631
up €631 (+11.1%), from €5,702 to €6,333
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 | €61,925 | €135,559 | +€73,634 | +118.9% |
| Fixed assets | 21/28 | €15,971 | €76,729 | +€60,758 | +380.4% |
| Tangible fixed assets | 22/27 | €15,971 | €76,729 | +€60,758 | +380.4% |
| Furniture and vehicles | 24 | €15,971 | €76,729 | +€60,758 | +380.4% |
| Current assets | 29/58 | €45,954 | €58,830 | +€12,876 | +28.0% |
| Amounts receivable within one year | 40/41 | €27,100 | €40,197 | +€13,097 | +48.3% |
| Trade receivables | 40 | €13,574 | €20,853 | +€7,279 | +53.6% |
| Other amounts receivable | 41 | €13,526 | €19,344 | +€5,818 | +43.0% |
| Cash at bank and in hand | 54/58 | €18,854 | €15,163 | -€3,691 | -19.6% |
| Deferred charges and accrued income | 490/1 | - | €3,470 | +€3,470 | |
| Total equity and liabilities | 10/49 | €61,925 | €135,559 | +€73,634 | +118.9% |
| Equity | 10/15 | €38,831 | €57,796 | +€18,965 | +48.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,331 | €56,296 | +€18,965 | +50.8% |
| Amounts payable | 17/49 | €23,094 | €77,763 | +€54,669 | +236.7% |
| Amounts payable after more than one year | 17 | - | €39,970 | +€39,970 | |
| Financial debts | 170/4 | - | €39,970 | +€39,970 | |
| Amounts payable within one year | 42/48 | €23,094 | €37,793 | +€14,699 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €9,115 | €15,586 | +€6,471 | +71.0% |
| Trade debts | 44 | €800 | €7,140 | +€6,340 | +792.4% |
| Suppliers | 440/4 | €800 | €7,140 | +€6,340 | +792.4% |
| Taxes, remuneration and social security | 45 | €13,179 | €15,068 | +€1,889 | +14.3% |
| Taxes | 450/3 | €13,179 | €15,068 | +€1,889 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €12,724 | +€7,928 | +165.3% |
| Other operating charges | 640/8 | €666 | €803 | +€137 | +20.6% |
| Non-recurring operating charges | 66A | - | €1,260 | +€1,260 | |
| Gross operating margin | 9900 | €20,541 | €41,254 | +€20,713 | +100.8% |
| Operating profit (loss) | 9901 | €15,079 | €26,467 | +€11,388 | +75.5% |
| Financial income | 75/76B | €1,211 | €127 | -€1,084 | -89.5% |
| Recurring financial income | 75 | €695 | €127 | -€568 | -81.7% |
| Non-recurring financial income | 76B | €516 | - | -€516 | |
| Financial charges | 65/66B | €393 | €1,296 | +€903 | +229.8% |
| Recurring financial charges | 65 | €323 | €1,296 | +€973 | +301.2% |
| Non-recurring financial charges | 66B | €70 | - | -€70 | |
| Profit (loss) for the period before taxes | 9903 | €15,897 | €25,298 | +€9,401 | +59.1% |
| Income taxes | 67/77 | €5,702 | €6,333 | +€631 | +11.1% |
| Profit (loss) for the period | 9904 | €10,195 | €18,965 | +€8,770 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | €18,965 | +€8,770 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.