CRESUS: 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.
CRESUS
Largest movements
- Tangible fixed assets +€32,317
up €32,317 (+60.2%), from €53,709 to €86,026
of which Furniture and vehicles: +€30,370
- Receivables within one year +€13,579
up €13,579 (+112.9%), from €12,032 to €25,611
of which Trade receivables: +€12,327
- Cash -€9,084
down €9,084 (-98.0%), from €9,274 to €189
mainly Investment in fixed assets (net) (-€62,397) and Receivables within one year (-€13,579)
- Deferred charges and accrued income +€2,640
up €2,640 (+53.4%), from €4,947 to €7,586
- Debts after one year +€22,600
new in 2025: €22,600
- Other debts +€12,453
up €12,453 (+38.0%), from €32,804 to €45,257
- Current portion of long-term debt +€9,693
new in 2025: €9,693
- Profit (loss) carried forward -€4,700
down €4,700 (-48.8%), from €9,630 to €4,930
- Tax, wage and social debts -€2,988
no longer reported in 2025 (was €2,988)
- Depreciation +€11,457
up €11,457 (+61.5%), from €18,622 to €30,080
- Gross operating margin -€8,723
down €8,723 (-17.5%), from €49,960 to €41,237
- Other operating charges +€4,506
up €4,506 (+56.8%), from €7,932 to €12,439
- Taxes -€2,988
no longer reported in 2025 (was €2,988)
- Financial charges +€1,686
up €1,686 (+3874.2%), from €44 to €1,730
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 | €79,962 | €119,413 | +€39,451 | +49.3% |
| Fixed assets | 21/28 | €53,709 | €86,026 | +€32,317 | +60.2% |
| Tangible fixed assets | 22/27 | €53,709 | €86,026 | +€32,317 | +60.2% |
| Plant, machinery and equipment | 23 | €232 | €2,179 | +€1,947 | +838.1% |
| Furniture and vehicles | 24 | €53,477 | €83,847 | +€30,370 | +56.8% |
| Current assets | 29/58 | €26,252 | €33,387 | +€7,134 | +27.2% |
| Amounts receivable within one year | 40/41 | €12,032 | €25,611 | +€13,579 | +112.9% |
| Trade receivables | 40 | €10,341 | €22,668 | +€12,327 | +119.2% |
| Other amounts receivable | 41 | €1,691 | €2,943 | +€1,252 | +74.1% |
| Cash at bank and in hand | 54/58 | €9,274 | €189 | -€9,084 | -98.0% |
| Deferred charges and accrued income | 490/1 | €4,947 | €7,586 | +€2,640 | +53.4% |
| Total equity and liabilities | 10/49 | €79,962 | €119,413 | +€39,451 | +49.3% |
| Equity | 10/15 | €37,130 | €32,430 | -€4,700 | -12.7% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,630 | €4,930 | -€4,700 | -48.8% |
| Amounts payable | 17/49 | €42,831 | €86,982 | +€44,151 | +103.1% |
| Amounts payable after more than one year | 17 | - | €22,600 | +€22,600 | |
| Financial debts | 170/4 | - | €22,600 | +€22,600 | |
| Amounts payable within one year | 42/48 | €42,831 | €64,382 | +€21,551 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,693 | +€9,693 | |
| Trade debts | 44 | €7,039 | €9,432 | +€2,393 | +34.0% |
| Suppliers | 440/4 | €7,039 | €9,432 | +€2,393 | +34.0% |
| Taxes, remuneration and social security | 45 | €2,988 | - | -€2,988 | |
| Taxes | 450/3 | €2,988 | - | -€2,988 | |
| Other amounts payable | 47/48 | €32,804 | €45,257 | +€12,453 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,622 | €30,080 | +€11,457 | +61.5% |
| Other operating charges | 640/8 | €7,932 | €12,439 | +€4,506 | +56.8% |
| Non-recurring operating charges | 66A | €16,475 | €1,689 | -€14,786 | -89.7% |
| Gross operating margin | 9900 | €49,960 | €41,237 | -€8,723 | -17.5% |
| Operating profit (loss) | 9901 | €6,930 | -€2,970 | -€9,900 | |
| Financial income | 75/76B | €80 | €0 | -€80 | -99.9% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -99.9% |
| Financial charges | 65/66B | €44 | €1,730 | +€1,686 | +3874.2% |
| Recurring financial charges | 65 | €44 | €1,730 | +€1,686 | +3874.2% |
| Profit (loss) for the period before taxes | 9903 | €6,967 | -€4,700 | -€11,667 | |
| Income taxes | 67/77 | €2,988 | - | -€2,988 | |
| Profit (loss) for the period | 9904 | €3,979 | -€4,700 | -€8,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,979 | -€4,700 | -€8,679 |
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 7 October 2026 via checked.be.