CREWSTONES: what changed
Two financial 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.
CREWSTONES
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-63.5%), from €1.6m to €600,000
- Intangible fixed assets +€707,787
new in 2025: €707,787
- Tangible fixed assets +€434,344
new in 2025: €434,344
of which Land and buildings: +€433,258
- Receivables within one year +€20,599
up €20,599 (+108,989%), from €19 to €20,618
of which Trade receivables: +€20,618
- Cash +€18,612
new in 2025: €18,612
mainly Debts after one year (+€247,416) and Depreciation (+€98,500)
- Debts after one year +€247,416
up €247,416 (+58.1%), from €425,737 to €673,153
- Other debts -€185,375
down €185,375 (-17.2%), from €1.1m to €893,036
- Profit (loss) carried forward -€169,916
down €169,916 (-83.4%), from -€203,622 to -€373,538
- Reserves +€141,290
new in 2025: €141,290
- Provisions +€46,683
new in 2025: €46,683
- Gross operating margin +€176,974
up €176,974, from -€9,814 to €167,160
- Depreciation +€98,500
new in 2025: €98,500
- Staff costs +€34,153
new in 2025: €34,153
- Financial charges -€14,016
down €14,016 (-22.3%), from €62,805 to €48,789
- Other operating charges +€12,720
up €12,720, from €0 to €12,720
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.
Derived cash bridge
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 | €1,645,876 | €1,782,950 | +€137,074 | +8.3% |
| Fixed assets | 21/28 | €1,645,857 | €1,742,131 | +€96,274 | +5.8% |
| Intangible fixed assets | 21 | - | €707,787 | +€707,787 | |
| Tangible fixed assets | 22/27 | - | €434,344 | +€434,344 | |
| Land and buildings | 22 | - | €433,258 | +€433,258 | |
| Plant, machinery and equipment | 23 | - | €1,086 | +€1,086 | |
| Financial fixed assets | 28 | €1,645,857 | €600,000 | -€1.0m | -63.5% |
| Current assets | 29/58 | €19 | €40,819 | +€40,800 | +215,876% |
| Amounts receivable within one year | 40/41 | €19 | €20,618 | +€20,599 | +108,989% |
| Trade receivables | 40 | - | €20,618 | +€20,618 | |
| Other amounts receivable | 41 | €19 | €0 | -€19 | -100% |
| Cash at bank and in hand | 54/58 | - | €18,612 | +€18,612 | |
| Deferred charges and accrued income | 490/1 | - | €1,589 | +€1,589 | |
| Total equity and liabilities | 10/49 | €1,645,876 | €1,782,950 | +€137,074 | +8.3% |
| Equity | 10/15 | -€183,622 | -€212,249 | -€28,627 | -15.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €141,290 | +€141,290 | |
| Tax-exempt reserves | 132 | - | €141,290 | +€141,290 | |
| Profit (loss) carried forward | 14 | -€203,622 | -€373,538 | -€169,916 | -83.4% |
| Provisions and deferred taxes | 16 | - | €46,683 | +€46,683 | |
| Deferred taxes | 168 | - | €46,683 | +€46,683 | |
| Amounts payable | 17/49 | €1,829,498 | €1,948,515 | +€119,018 | +6.5% |
| Amounts payable after more than one year | 17 | €425,737 | €673,153 | +€247,416 | +58.1% |
| Financial debts | 170/4 | €425,737 | €673,153 | +€247,416 | +58.1% |
| Amounts payable within one year | 42/48 | €1,403,760 | €1,275,362 | -€128,399 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €324,263 | €345,660 | +€21,397 | +6.6% |
| Financial debts | 43 | €1,087 | €0 | -€1,087 | -100% |
| Credit institutions | 430/8 | €1,087 | €0 | -€1,087 | -100% |
| Trade debts | 44 | - | €13,476 | +€13,476 | |
| Suppliers | 440/4 | - | €13,476 | +€13,476 | |
| Advances received on contracts in progress | 46 | - | €15,177 | +€15,177 | |
| Taxes, remuneration and social security | 45 | - | €8,013 | +€8,013 | |
| Taxes | 450/3 | - | €5,026 | +€5,026 | |
| Remuneration and social security | 454/9 | - | €2,987 | +€2,987 | |
| Other amounts payable | 47/48 | €1,078,410 | €893,036 | -€185,375 | -17.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €34,153 | +€34,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €98,500 | +€98,500 | |
| Other operating charges | 640/8 | €0 | €12,720 | +€12,720 | |
| Gross operating margin | 9900 | -€9,814 | €167,160 | +€176,974 | |
| Operating profit (loss) | 9901 | -€9,814 | €21,787 | +€31,601 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €62,805 | €48,789 | -€14,016 | -22.3% |
| Recurring financial charges | 65 | €62,805 | €48,789 | -€14,016 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€72,619 | -€26,999 | +€45,620 | +62.8% |
| Transfer from deferred taxes | 780 | - | €2,546 | +€2,546 | |
| Income taxes | 67/77 | - | €4,174 | +€4,174 | |
| Profit (loss) for the period | 9904 | -€72,619 | -€28,627 | +€43,992 | +60.6% |
| Transfer from tax-exempt reserves | 789 | - | €7,639 | +€7,639 | |
| Transfer to tax-exempt reserves | 689 | - | €148,929 | +€148,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,619 | -€169,916 | -€97,297 | -134% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.