CREST CAPITAL MANAGEMENT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
CREST CAPITAL MANAGEMENT
Largest movements
- Cash -€410,784
down €410,784 (-99.7%), from €412,112 to €1,328
mainly Other debts (-€1.0m) and Short-term financial debts (-€306,998)
- Receivables within one year +€301,822
up €301,822 (+2.9%), from €10.3m to €10.6m
of which Other amounts receivable: +€456,475
- Other debts -€1.0m
down €1.0m (-9.4%), from €10.7m to €9.7m
- Debts after one year +€962,442
up €962,442 (+17.0%), from €5.7m to €6.6m
- Short-term financial debts -€306,998
down €306,998 (-47.5%), from €646,715 to €339,717
- Financial charges +€189,115
up €189,115 (+58.2%), from €325,017 to €514,132
- Financial income -€6,527
down €6,527 (-3.1%), from €210,588 to €204,061
- Gross operating margin +€4,754
up €4,754 (+1.1%), from €437,411 to €442,165
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,334,321 | €21,332,859 | -€1,462 | 0.0% |
| Fixed assets | 21/28 | €10,645,729 | €10,753,229 | +€107,500 | +1.0% |
| Financial fixed assets | 28 | €10,645,729 | €10,753,229 | +€107,500 | +1.0% |
| Current assets | 29/58 | €10,688,592 | €10,579,630 | -€108,962 | -1.0% |
| Amounts receivable within one year | 40/41 | €10,276,480 | €10,578,302 | +€301,822 | +2.9% |
| Trade receivables | 40 | €2,020,613 | €1,865,960 | -€154,653 | -7.7% |
| Other amounts receivable | 41 | €8,255,867 | €8,712,342 | +€456,475 | +5.5% |
| Cash at bank and in hand | 54/58 | €412,112 | €1,328 | -€410,784 | -99.7% |
| Total equity and liabilities | 10/49 | €21,334,321 | €21,332,859 | -€1,462 | 0.0% |
| Equity | 10/15 | €4,027,688 | €4,158,814 | +€131,126 | +3.3% |
| Contributions | 10/11 | €2,200,000 | €2,200,000 | = | 0.0% |
| Capital | 10 | €2,200,000 | €2,200,000 | = | 0.0% |
| Issued capital | 100 | €2,200,000 | €2,200,000 | = | 0.0% |
| Reserves | 13 | €1,123,674 | €1,130,230 | +€6,556 | +0.6% |
| Non-distributable reserves | 130/1 | €24,621 | €31,177 | +€6,556 | +26.6% |
| Legal reserve | 130 | €24,621 | €31,177 | +€6,556 | +26.6% |
| Tax-exempt reserves | 132 | €45,597 | €45,597 | = | 0.0% |
| Distributable reserves | 133 | €1,053,456 | €1,053,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704,014 | €828,584 | +€124,570 | +17.7% |
| Amounts payable | 17/49 | €17,306,633 | €17,174,045 | -€132,588 | -0.8% |
| Amounts payable after more than one year | 17 | €5,658,756 | €6,621,198 | +€962,442 | +17.0% |
| Financial debts | 170/4 | €5,658,756 | €6,621,198 | +€962,442 | +17.0% |
| Amounts payable within one year | 42/48 | €11,643,065 | €10,542,718 | -€1.1m | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 43 | €646,715 | €339,717 | -€306,998 | -47.5% |
| Credit institutions | 430/8 | €646,715 | €339,717 | -€306,998 | -47.5% |
| Trade debts | 44 | €63,383 | €273,952 | +€210,569 | +332% |
| Suppliers | 440/4 | €63,383 | €273,952 | +€210,569 | +332% |
| Other amounts payable | 47/48 | €10,682,967 | €9,679,049 | -€1.0m | -9.4% |
| Accrued charges and deferred income | 492/3 | €4,812 | €10,129 | +€5,317 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | - | -€147 | |
| Other operating charges | 640/8 | €960 | €968 | +€8 | +0.8% |
| Gross operating margin | 9900 | €437,411 | €442,165 | +€4,754 | +1.1% |
| Operating profit (loss) | 9901 | €436,304 | €441,197 | +€4,893 | +1.1% |
| Financial income | 75/76B | €210,588 | €204,061 | -€6,527 | -3.1% |
| Recurring financial income | 75 | €210,588 | €204,061 | -€6,527 | -3.1% |
| Financial charges | 65/66B | €325,017 | €514,132 | +€189,115 | +58.2% |
| Recurring financial charges | 65 | €325,017 | €514,132 | +€189,115 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €321,875 | €131,126 | -€190,749 | -59.3% |
| Profit (loss) for the period | 9904 | €321,875 | €131,126 | -€190,749 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €321,875 | €131,126 | -€190,749 | -59.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.