Crestchic Transformers: 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.
Crestchic Transformers
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+84.1%), from €2.3m to €4.1m
of which Assets under construction and advance payments: +€2.0m
- Cash -€573,025
down €573,025 (-71.8%), from €797,822 to €224,797
mainly Investment in fixed assets (net) (-€2.2m) and Stocks and contracts (-€19,733)
- Receivables within one year -€453,491
down €453,491 (-18.2%), from €2.5m to €2.0m
of which Other amounts receivable: -€415,192
- Profit (loss) carried forward +€909,080
up €909,080 (+22.9%), from €4.0m to €4.9m
- Turnover +€2.3m
new in 2025: €2.3m
- Gross operating margin -€1.1m
down €1.1m (-35.7%), from €3.1m to €2.0m
- Purchases and services +€632,907
new in 2025: €632,907
- Taxes -€271,957
down €271,957 (-47.1%), from €577,976 to €306,019
- Depreciation +€41,655
up €41,655 (+16.7%), from €248,745 to €290,400
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 | €5,551,010 | €6,441,422 | +€890,411 | +16.0% |
| Fixed assets | 21/28 | €2,250,886 | €4,143,769 | +€1.9m | +84.1% |
| Tangible fixed assets | 22/27 | €2,250,886 | €4,143,769 | +€1.9m | +84.1% |
| Plant, machinery and equipment | 23 | €2,219,049 | €2,102,454 | -€116,595 | -5.3% |
| Furniture and vehicles | 24 | €31,837 | €36,315 | +€4,478 | +14.1% |
| Assets under construction and advance payments | 27 | - | €2,005,000 | +€2.0m | |
| Current assets | 29/58 | €3,300,124 | €2,297,653 | -€1.0m | -30.4% |
| Stocks and contracts in progress | 3 | - | €19,733 | +€19,733 | |
| Stocks | 30/36 | - | €19,733 | +€19,733 | |
| Amounts receivable within one year | 40/41 | €2,486,406 | €2,032,915 | -€453,491 | -18.2% |
| Trade receivables | 40 | €378,160 | €339,861 | -€38,300 | -10.1% |
| Other amounts receivable | 41 | €2,108,246 | €1,693,054 | -€415,192 | -19.7% |
| Cash at bank and in hand | 54/58 | €797,822 | €224,797 | -€573,025 | -71.8% |
| Deferred charges and accrued income | 490/1 | €15,897 | €20,208 | +€4,312 | +27.1% |
| Total equity and liabilities | 10/49 | €5,551,010 | €6,441,422 | +€890,411 | +16.0% |
| Equity | 10/15 | €5,400,404 | €6,309,484 | +€909,080 | +16.8% |
| Contributions | 10/11 | €222,693 | €222,693 | = | 0.0% |
| Capital | 10 | €222,693 | €222,693 | = | 0.0% |
| Issued capital | 100 | €222,693 | €222,693 | = | 0.0% |
| Reserves | 13 | €1,205,229 | €1,205,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,269 | €22,269 | = | 0.0% |
| Legal reserve | 130 | €22,269 | €22,269 | = | 0.0% |
| Distributable reserves | 133 | €1,182,960 | €1,182,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,972,481 | €4,881,561 | +€909,080 | +22.9% |
| Amounts payable | 17/49 | €150,606 | €131,938 | -€18,669 | -12.4% |
| Amounts payable within one year | 42/48 | €150,606 | €131,938 | -€18,669 | -12.4% |
| Trade debts | 44 | €32,519 | €30,516 | -€2,003 | -6.2% |
| Suppliers | 440/4 | €32,519 | €30,516 | -€2,003 | -6.2% |
| Taxes, remuneration and social security | 45 | €118,088 | €101,422 | -€16,665 | -14.1% |
| Taxes | 450/3 | €15,333 | €15,703 | +€370 | +2.4% |
| Remuneration and social security | 454/9 | €102,755 | €85,720 | -€17,035 | -16.6% |
| Turnover | 70 | - | €2,270,122 | +€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €632,907 | +€632,907 | |
| Remuneration, social security and pensions | 62 | €585,225 | €558,607 | -€26,618 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,745 | €290,400 | +€41,655 | +16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€29,229 | -€29,229 | |
| Other operating charges | 640/8 | €2,800 | €2,279 | -€522 | -18.6% |
| Gross operating margin | 9900 | €3,089,313 | €1,986,055 | -€1.1m | -35.7% |
| Operating profit (loss) | 9901 | €2,252,542 | €1,163,997 | -€1.1m | -48.3% |
| Financial income | 75/76B | €45,891 | €67,781 | +€21,891 | +47.7% |
| Recurring financial income | 75 | €45,891 | €67,781 | +€21,891 | +47.7% |
| Financial charges | 65/66B | €7,843 | €16,680 | +€8,837 | +112.7% |
| Recurring financial charges | 65 | €7,843 | €16,680 | +€8,837 | +112.7% |
| Profit (loss) for the period before taxes | 9903 | €2,290,590 | €1,215,099 | -€1.1m | -47.0% |
| Income taxes | 67/77 | €577,976 | €306,019 | -€271,957 | -47.1% |
| Profit (loss) for the period | 9904 | €1,712,614 | €909,080 | -€803,534 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,712,614 | €909,080 | -€803,534 | -46.9% |
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 8 October 2026 via checked.be.