Criselec: 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.
Criselec
Largest movements
- Receivables within one year +€21,877
up €21,877 (+28.3%), from €77,173 to €99,050
of which Other amounts receivable: +€28,612
- Cash -€2,308
down €2,308 (-96.2%), from €2,398 to €90
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€21,877)
- Other debts +€25,500
new in 2025: €25,500
- Profit (loss) carried forward -€15,493
down €15,493 (-26.7%), from €57,998 to €42,505
- Tax, wage and social debts +€3,352
up €3,352 (+14.8%), from €22,636 to €25,988
of which Taxes: +€5,952
- Trade debts +€2,897
up €2,897 (+237%), from €1,224 to €4,121
- Short-term financial debts +€2,441
new in 2025: €2,441
- Gross operating margin -€37,677
down €37,677 (-41.2%), from €91,483 to €53,806
- Staff costs -€25,400
down €25,400 (-52.6%), from €48,259 to €22,859
- Taxes +€1,078
up €1,078 (+12.3%), from €8,736 to €9,814
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 | €86,858 | €105,555 | +€18,697 | +21.5% |
| Fixed assets | 21/28 | €2,248 | €2,106 | -€142 | -6.3% |
| Intangible fixed assets | 21 | €130 | - | -€130 | |
| Tangible fixed assets | 22/27 | €2,118 | €2,106 | -€12 | -0.6% |
| Plant, machinery and equipment | 23 | €856 | €68 | -€788 | -92.0% |
| Furniture and vehicles | 24 | €1,262 | €314 | -€948 | -75.1% |
| Leasing and similar rights | 25 | - | €1,723 | +€1,723 | |
| Current assets | 29/58 | €84,609 | €103,449 | +€18,840 | +22.3% |
| Stocks and contracts in progress | 3 | €2,182 | €1,994 | -€187 | -8.6% |
| Stocks | 30/36 | €2,182 | €1,994 | -€187 | -8.6% |
| Amounts receivable within one year | 40/41 | €77,173 | €99,050 | +€21,877 | +28.3% |
| Trade receivables | 40 | €7,325 | €591 | -€6,734 | -91.9% |
| Other amounts receivable | 41 | €69,847 | €98,459 | +€28,612 | +41.0% |
| Cash at bank and in hand | 54/58 | €2,398 | €90 | -€2,308 | -96.2% |
| Deferred charges and accrued income | 490/1 | €2,857 | €2,315 | -€542 | -19.0% |
| Total equity and liabilities | 10/49 | €86,858 | €105,555 | +€18,697 | +21.5% |
| Equity | 10/15 | €62,998 | €47,505 | -€15,493 | -24.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,998 | €42,505 | -€15,493 | -26.7% |
| Amounts payable | 17/49 | €23,860 | €58,051 | +€34,191 | +143% |
| Amounts payable within one year | 42/48 | €23,860 | €58,051 | +€34,191 | +143% |
| Financial debts | 43 | - | €2,441 | +€2,441 | |
| Credit institutions | 430/8 | - | €2,441 | +€2,441 | |
| Trade debts | 44 | €1,224 | €4,121 | +€2,897 | +237% |
| Suppliers | 440/4 | €1,224 | €4,121 | +€2,897 | +237% |
| Taxes, remuneration and social security | 45 | €22,636 | €25,988 | +€3,352 | +14.8% |
| Taxes | 450/3 | €17,098 | €23,050 | +€5,952 | +34.8% |
| Remuneration and social security | 454/9 | €5,538 | €2,938 | -€2,600 | -46.9% |
| Other amounts payable | 47/48 | - | €25,500 | +€25,500 | |
| Remuneration, social security and pensions | 62 | €48,259 | €22,859 | -€25,400 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €2,674 | +€348 | +15.0% |
| Other operating charges | 640/8 | €1,586 | €1,771 | +€185 | +11.7% |
| Non-recurring operating charges | 66A | €5,314 | - | -€5,314 | |
| Gross operating margin | 9900 | €91,483 | €53,806 | -€37,677 | -41.2% |
| Operating profit (loss) | 9901 | €33,999 | €26,502 | -€7,497 | -22.1% |
| Financial income | 75/76B | €4 | €0 | -€3 | -91.5% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -91.5% |
| Financial charges | 65/66B | €2,401 | €2,182 | -€220 | -9.2% |
| Recurring financial charges | 65 | €2,401 | €2,182 | -€220 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €31,601 | €24,321 | -€7,281 | -23.0% |
| Income taxes | 67/77 | €8,736 | €9,814 | +€1,078 | +12.3% |
| Profit (loss) for the period | 9904 | €22,865 | €14,507 | -€8,358 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,865 | €14,507 | -€8,358 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.