CRESTIMOUR: 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.
CRESTIMOUR
Largest movements
- Tangible fixed assets -€79,932
down €79,932 (-2.0%), from €3.9m to €3.8m
of which Land and buildings: -€64,908
- Cash -€51,001
down €51,001 (-53.2%), from €95,869 to €44,868
mainly Debts after one year (-€310,111) and Investment in fixed assets (net) (-€141,693)
- Debts after one year -€310,111
down €310,111 (-13.6%), from €2.3m to €2.0m
- Reserves +€66,769
up €66,769 (+23.0%), from €290,785 to €357,554
- Investment grants +€61,264
new in 2025: €61,264
- Gross operating margin +€13,778
up €13,778 (+3.4%), from €403,074 to €416,852
- Depreciation +€10,859
up €10,859 (+5.2%), from €210,765 to €221,624
- Financial charges -€4,795
down €4,795 (-5.9%), from €81,843 to €77,048
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 | €4,010,640 | €3,870,494 | -€140,146 | -3.5% |
| Fixed assets | 21/28 | €3,900,092 | €3,820,160 | -€79,932 | -2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,900,092 | €3,820,160 | -€79,932 | -2.0% |
| Land and buildings | 22 | €3,746,868 | €3,681,960 | -€64,908 | -1.7% |
| Plant, machinery and equipment | 23 | €153,224 | €138,200 | -€15,024 | -9.8% |
| Current assets | 29/58 | €110,548 | €50,333 | -€60,215 | -54.5% |
| Amounts receivable within one year | 40/41 | €14,679 | €27 | -€14,652 | -99.8% |
| Other amounts receivable | 41 | €14,679 | €27 | -€14,652 | -99.8% |
| Cash at bank and in hand | 54/58 | €95,869 | €44,868 | -€51,001 | -53.2% |
| Deferred charges and accrued income | 490/1 | - | €5,439 | +€5,439 | |
| Total equity and liabilities | 10/49 | €4,010,640 | €3,870,494 | -€140,146 | -3.5% |
| Equity | 10/15 | €484,217 | €612,250 | +€128,033 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,785 | €357,554 | +€66,769 | +23.0% |
| Distributable reserves | 133 | €290,785 | €357,554 | +€66,769 | +23.0% |
| Profit (loss) carried forward | 14 | €174,831 | €174,831 | = | 0.0% |
| Investment grants | 15 | - | €61,264 | +€61,264 | |
| Amounts payable | 17/49 | €3,526,424 | €3,258,244 | -€268,180 | -7.6% |
| Amounts payable after more than one year | 17 | €2,285,052 | €1,974,941 | -€310,111 | -13.6% |
| Financial debts | 170/4 | €2,285,052 | €1,974,941 | -€310,111 | -13.6% |
| Amounts payable within one year | 42/48 | €1,241,371 | €1,269,803 | +€28,432 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €309,061 | €310,856 | +€1,795 | +0.6% |
| Trade debts | 44 | €30 | - | -€30 | |
| Suppliers | 440/4 | €30 | - | -€30 | |
| Advances received on contracts in progress | 46 | €16,100 | €37,900 | +€21,800 | +135.4% |
| Taxes, remuneration and social security | 45 | €21,946 | €2,976 | -€18,970 | -86.4% |
| Taxes | 450/3 | €21,946 | €2,976 | -€18,970 | -86.4% |
| Other amounts payable | 47/48 | €894,234 | €918,072 | +€23,837 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €13,500 | +€13,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,765 | €221,624 | +€10,859 | +5.2% |
| Other operating charges | 640/8 | €25,296 | €28,476 | +€3,180 | +12.6% |
| Gross operating margin | 9900 | €403,074 | €416,852 | +€13,778 | +3.4% |
| Operating profit (loss) | 9901 | €167,013 | €166,752 | -€261 | -0.2% |
| Financial income | 75/76B | €108 | €2,103 | +€1,995 | +1848.4% |
| Recurring financial income | 75 | €108 | €2,103 | +€1,995 | +1848.4% |
| Financial charges | 65/66B | €81,843 | €77,048 | -€4,795 | -5.9% |
| Recurring financial charges | 65 | €81,843 | €77,048 | -€4,795 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €85,278 | €91,807 | +€6,529 | +7.7% |
| Income taxes | 67/77 | €27,702 | €25,038 | -€2,664 | -9.6% |
| Profit (loss) for the period | 9904 | €57,576 | €66,769 | +€9,193 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,576 | €66,769 | +€9,193 | +16.0% |
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 6 October 2026 via checked.be.