CROUSTI: 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.
What changed
CROUSTI
NACE 10.311, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,977
2024 · €140,956-€52,979
Equity
€612,641
2024 · €525,441+€87,199
Cash
€408,745
2024 · €312,623+€96,122
Balance sheet total
€1.9m
2024 · €1.9m-€25,132
Largest movements
Assets
- Tangible fixed assets -€116,660
down €116,660 (-9.1%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€121,276
- Cash +€96,122
up €96,122 (+30.7%), from €312,623 to €408,745
mainly Depreciation (+€183,320) and Net result for the year (+€87,977)
Equity and liabilities
- Debts after one year -€106,670
down €106,670 (-9.1%), from €1.2m to €1.1m
- Profit (loss) carried forward +€87,977
up €87,977 (+145.5%), from €60,466 to €148,443
Income statement
- Staff costs +€18,314
up €18,314 (+16.3%), from €112,616 to €130,930
- Gross operating margin -€15,966
down €15,966 (-3.5%), from €454,803 to €438,837
- Taxes +€12,055
new in 2025: €12,055
- Financial income -€7,010
down €7,010 (-27.6%), from €25,404 to €18,394
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.
Result 2024
€140,956
Gross operating margin
-€15,966
Staff costs
-€18,314
Depreciation
-€3,948
Write-downs
-€256
Other operating charges
+€872
Financial income
-€7,010
Financial charges
+€3,698
Taxes
-€12,055
Result 2025
€87,977
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.
From operations
+€262,828
Investment
-€60,859
Financing
-€105,848
Cash 2024
€312,623
From operations (derived)
+€262,828
Net result for the year
+€87,977
Depreciation
+€183,320
Stocks and contracts
+€1,458
Receivables within one year
-€2,423
Deferred charges and accrued income
-€243
Trade debts
-€7,294
Tax, wage and social debts
-€2,979
Other debts
+€3,012
Investment (derived)
-€60,859
Investment in fixed assets (net)
-€60,859
Financing
-€105,848
Debts after one year
-€106,670
Current portion of long-term debt
+€1,600
Contributions, distributions and other
-€778
Cash 2025
€408,745
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,922,670 | €1,897,538 | -€25,132 | -1.3% |
| Fixed assets | 21/28 | €1,297,891 | €1,175,429 | -€122,462 | -9.4% |
| Intangible fixed assets | 21 | €11,808 | €6,006 | -€5,802 | -49.1% |
| Tangible fixed assets | 22/27 | €1,286,083 | €1,169,423 | -€116,660 | -9.1% |
| Land and buildings | 22 | €742,905 | €747,595 | +€4,690 | +0.6% |
| Plant, machinery and equipment | 23 | €508,206 | €386,930 | -€121,276 | -23.9% |
| Furniture and vehicles | 24 | €34,971 | €34,898 | -€73 | -0.2% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €624,779 | €722,108 | +€97,330 | +15.6% |
| Stocks and contracts in progress | 3 | €124,151 | €122,693 | -€1,458 | -1.2% |
| Stocks | 30/36 | €124,151 | €122,693 | -€1,458 | -1.2% |
| Amounts receivable within one year | 40/41 | €185,177 | €187,600 | +€2,423 | +1.3% |
| Trade receivables | 40 | €178,458 | €183,351 | +€4,893 | +2.7% |
| Other amounts receivable | 41 | €6,718 | €4,249 | -€2,469 | -36.8% |
| Current investments | 50/53 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €312,623 | €408,745 | +€96,122 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,571 | +€243 | +18.3% |
| Total equity and liabilities | 10/49 | €1,922,670 | €1,897,538 | -€25,132 | -1.3% |
| Equity | 10/15 | €525,441 | €612,641 | +€87,199 | +16.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,466 | €148,443 | +€87,977 | +145.5% |
| Investment grants | 15 | €64,975 | €64,197 | -€778 | -1.2% |
| Amounts payable | 17/49 | €1,397,228 | €1,284,897 | -€112,331 | -8.0% |
| Amounts payable after more than one year | 17 | €1,174,295 | €1,067,624 | -€106,670 | -9.1% |
| Financial debts | 170/4 | €1,174,295 | €1,067,624 | -€106,670 | -9.1% |
| Amounts payable within one year | 42/48 | €222,934 | €217,273 | -€5,661 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €105,070 | €106,670 | +€1,600 | +1.5% |
| Trade debts | 44 | €91,993 | €84,699 | -€7,294 | -7.9% |
| Suppliers | 440/4 | €91,993 | €84,699 | -€7,294 | -7.9% |
| Taxes, remuneration and social security | 45 | €24,899 | €21,920 | -€2,979 | -12.0% |
| Taxes | 450/3 | €3,343 | €3,521 | +€178 | +5.3% |
| Remuneration and social security | 454/9 | €21,556 | €18,399 | -€3,157 | -14.6% |
| Other amounts payable | 47/48 | €971 | €3,983 | +€3,012 | +310.1% |
| Non-recurring operating income | 76A | €15 | - | -€15 | |
| Remuneration, social security and pensions | 62 | €112,616 | €130,930 | +€18,314 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,372 | €183,320 | +€3,948 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €256 | +€256 | |
| Other operating charges | 640/8 | €21,941 | €21,069 | -€872 | -4.0% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €454,803 | €438,837 | -€15,966 | -3.5% |
| Operating profit (loss) | 9901 | €140,874 | €103,262 | -€37,612 | -26.7% |
| Financial income | 75/76B | €25,404 | €18,394 | -€7,010 | -27.6% |
| Recurring financial income | 75 | €25,404 | €18,394 | -€7,010 | -27.6% |
| Financial charges | 65/66B | €25,322 | €21,624 | -€3,698 | -14.6% |
| Recurring financial charges | 65 | €25,322 | €21,624 | -€3,698 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €140,956 | €100,032 | -€40,924 | -29.0% |
| Income taxes | 67/77 | - | €12,055 | +€12,055 | |
| Profit (loss) for the period | 9904 | €140,956 | €87,977 | -€52,979 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,956 | €87,977 | -€52,979 | -37.6% |
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 5 October 2026 via checked.be.