Cristal Ventures: 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 Ventures
Largest movements
- Current investments +€721,774
up €721,774 (+14.1%), from €5.1m to €5.8m
- Receivables within one year -€178,245
down €178,245 (-57.5%), from €310,063 to €131,818
- Cash -€114,268
down €114,268 (-17.5%), from €652,508 to €538,241
mainly Current investments (-€721,774) and Investment in fixed assets (net) (-€36,629)
- Reserves +€367,003
up €367,003 (+4.3%), from €8.6m to €9.0m
- Financial income +€194,290
up €194,290 (+49.2%), from €394,943 to €589,233
of which Financial income: +€420,838
- Taxes -€41,450
down €41,450 (-53.0%), from €78,150 to €36,700
- Gross operating margin +€34,869
up €34,869 (+36.0%), from -€96,960 to -€62,091
- Depreciation +€21,969
up €21,969 (+128%), from €17,107 to €39,076
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 | €8,650,776 | €9,024,823 | +€374,047 | +4.3% |
| Fixed assets | 21/28 | €2,523,372 | €2,520,925 | -€2,447 | -0.1% |
| Tangible fixed assets | 22/27 | €959,876 | €920,800 | -€39,076 | -4.1% |
| Land and buildings | 22 | €959,876 | €920,800 | -€39,076 | -4.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,563,496 | €1,600,126 | +€36,629 | +2.3% |
| Current assets | 29/58 | €6,127,404 | €6,503,898 | +€376,494 | +6.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €310,063 | €131,818 | -€178,245 | -57.5% |
| Other amounts receivable | 41 | €310,063 | €131,818 | -€178,245 | -57.5% |
| Current investments | 50/53 | €5,110,029 | €5,831,802 | +€721,774 | +14.1% |
| Cash at bank and in hand | 54/58 | €652,508 | €538,241 | -€114,268 | -17.5% |
| Deferred charges and accrued income | 490/1 | €4,804 | €2,037 | -€2,767 | -57.6% |
| Total equity and liabilities | 10/49 | €8,650,776 | €9,024,823 | +€374,047 | +4.3% |
| Equity | 10/15 | €8,616,046 | €8,983,050 | +€367,003 | +4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,596,046 | €8,963,050 | +€367,003 | +4.3% |
| Distributable reserves | 133 | €8,596,046 | €8,963,050 | +€367,003 | +4.3% |
| Amounts payable | 17/49 | €34,729 | €41,773 | +€7,044 | +20.3% |
| Amounts payable within one year | 42/48 | €30,894 | €39,133 | +€8,239 | +26.7% |
| Trade debts | 44 | €11,153 | €1,316 | -€9,838 | -88.2% |
| Suppliers | 440/4 | €11,153 | €1,316 | -€9,838 | -88.2% |
| Taxes, remuneration and social security | 45 | €19,175 | €36,700 | +€17,525 | +91.4% |
| Taxes | 450/3 | €19,175 | €36,700 | +€17,525 | +91.4% |
| Other amounts payable | 47/48 | €566 | €1,117 | +€551 | +97.3% |
| Accrued charges and deferred income | 492/3 | €3,835 | €2,640 | -€1,195 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,107 | €39,076 | +€21,969 | +128% |
| Other operating charges | 640/8 | €8,596 | €8,027 | -€569 | -6.6% |
| Non-recurring operating charges | 66A | €0 | €72,992 | +€72,992 | |
| Gross operating margin | 9900 | -€96,960 | -€62,091 | +€34,869 | +36.0% |
| Operating profit (loss) | 9901 | -€122,663 | -€182,186 | -€59,523 | -48.5% |
| Financial income | 75/76B | €394,943 | €589,233 | +€194,290 | +49.2% |
| Recurring financial income | 75 | €146,593 | €567,431 | +€420,838 | +287% |
| Non-recurring financial income | 76B | €248,350 | €21,801 | -€226,548 | -91.2% |
| Financial charges | 65/66B | €2,382 | €3,344 | +€962 | +40.4% |
| Recurring financial charges | 65 | €2,382 | €3,344 | +€962 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €269,898 | €403,703 | +€133,805 | +49.6% |
| Income taxes | 67/77 | €78,150 | €36,700 | -€41,450 | -53.0% |
| Profit (loss) for the period | 9904 | €191,748 | €367,003 | +€175,255 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €191,748 | €367,003 | +€175,255 | +91.4% |
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 28 October 2026 via checked.be.