CRISTAL MANAGEMENT: 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.
CRISTAL MANAGEMENT
Largest movements
- Cash -€123,134
down €123,134 (-60.8%), from €202,600 to €79,466
mainly Debts after one year (-€166,262) and Investment in fixed assets (net) (-€118,128)
- Debts after one year -€166,262
down €166,262 (-6.2%), from €2.7m to €2.5m
- Current portion of long-term debt +€121,702
up €121,702 (+713%), from €17,057 to €138,759
- Reserves -€82,433
down €82,433 (-35.4%), from €233,088 to €150,656
- Gross operating margin -€19,161
down €19,161 (-13.8%), from €138,583 to €119,422
- Staff costs +€12,546
up €12,546 (+138%), from €9,110 to €21,657
- Other operating charges +€10,863
up €10,863 (+1,063%), from €1,022 to €11,885
- Taxes +€10,033
new in 2025: €10,033
- Depreciation +€5,907
up €5,907 (+4.2%), from €139,814 to €145,721
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 | €3,062,012 | €2,906,224 | -€155,787 | -5.1% |
| Fixed assets | 21/28 | €2,825,267 | €2,797,673 | -€27,593 | -1.0% |
| Tangible fixed assets | 22/27 | €2,825,267 | €2,797,673 | -€27,593 | -1.0% |
| Land and buildings | 22 | €2,423,692 | €2,426,287 | +€2,595 | +0.1% |
| Plant, machinery and equipment | 23 | €401,575 | €371,386 | -€30,188 | -7.5% |
| Current assets | 29/58 | €236,745 | €108,551 | -€128,194 | -54.1% |
| Amounts receivable within one year | 40/41 | €34,145 | €29,085 | -€5,060 | -14.8% |
| Trade receivables | 40 | €34,145 | €29,085 | -€5,060 | -14.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €202,600 | €79,466 | -€123,134 | -60.8% |
| Total equity and liabilities | 10/49 | €3,062,012 | €2,906,224 | -€155,787 | -5.1% |
| Equity | 10/15 | €243,088 | €160,656 | -€82,433 | -33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €233,088 | €150,656 | -€82,433 | -35.4% |
| Distributable reserves | 133 | €233,088 | €150,656 | -€82,433 | -35.4% |
| Amounts payable | 17/49 | €2,818,923 | €2,745,569 | -€73,355 | -2.6% |
| Amounts payable after more than one year | 17 | €2,667,409 | €2,501,146 | -€166,262 | -6.2% |
| Financial debts | 170/4 | €2,667,409 | €2,501,146 | -€166,262 | -6.2% |
| Amounts payable within one year | 42/48 | €139,015 | €230,323 | +€91,308 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €17,057 | €138,759 | +€121,702 | +713% |
| Trade debts | 44 | €110,399 | €84,573 | -€25,826 | -23.4% |
| Suppliers | 440/4 | €110,399 | €84,573 | -€25,826 | -23.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,681 | €6,991 | +€5,309 | +316% |
| Taxes | 450/3 | €1,681 | €6,991 | +€5,309 | +316% |
| Other amounts payable | 47/48 | €9,877 | €0 | -€9,877 | -100% |
| Accrued charges and deferred income | 492/3 | €12,500 | €14,099 | +€1,599 | +12.8% |
| Remuneration, social security and pensions | 62 | €9,110 | €21,657 | +€12,546 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,814 | €145,721 | +€5,907 | +4.2% |
| Other operating charges | 640/8 | €1,022 | €11,885 | +€10,863 | +1,063% |
| Gross operating margin | 9900 | €138,583 | €119,422 | -€19,161 | -13.8% |
| Operating profit (loss) | 9901 | -€11,364 | -€59,841 | -€48,477 | -427% |
| Financial charges | 65/66B | €12,746 | €12,558 | -€187 | -1.5% |
| Recurring financial charges | 65 | €12,746 | €12,558 | -€187 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,109 | -€72,399 | -€48,290 | -200% |
| Income taxes | 67/77 | - | €10,033 | +€10,033 | |
| Profit (loss) for the period | 9904 | -€24,109 | -€82,433 | -€58,323 | -242% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,109 | -€82,433 | -€58,323 | -242% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.