Cru Masters: 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.
Cru Masters
Largest movements
- Tangible fixed assets +€13,419
new in 2025: €13,419
- Receivables within one year +€12,655
up €12,655 (+547%), from €2,315 to €14,969
of which Trade receivables: +€12,762
- Cash -€4,074
down €4,074 (-36.7%), from €11,095 to €7,022
mainly Investment in fixed assets (net) (-€14,208) and Receivables within one year (-€12,655)
- Trade debts +€23,654
up €23,654 (+1,249%), from €1,894 to €25,548
- Tax, wage and social debts +€10,604
up €10,604 (+4,100%), from €259 to €10,863
of which Remuneration and social security: +€10,840
- Profit (loss) carried forward -€9,129
down €9,129 (-18.3%), from -€49,823 to -€58,953
- Reserves -€1,859
down €1,859 (-5.3%), from €35,259 to €33,400
of which Non-distributable reserves: -€1,859
- Other debts -€1,271
down €1,271 (-17.6%), from €7,230 to €5,959
- Staff costs +€14,233
new in 2025: €14,233
- Gross operating margin +€5,527
up €5,527, from -€1,257 to €4,270
- Depreciation +€789
new in 2025: €789
- Other operating charges -€473
down €473 (-75.9%), from €623 to €150
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 | €13,410 | €35,410 | +€22,000 | +164% |
| Fixed assets | 21/28 | - | €13,419 | +€13,419 | |
| Tangible fixed assets | 22/27 | - | €13,419 | +€13,419 | |
| Furniture and vehicles | 24 | - | €13,419 | +€13,419 | |
| Current assets | 29/58 | €13,410 | €21,991 | +€8,581 | +64.0% |
| Amounts receivable within one year | 40/41 | €2,315 | €14,969 | +€12,655 | +547% |
| Trade receivables | 40 | €1,739 | €14,502 | +€12,762 | +734% |
| Other amounts receivable | 41 | €575 | €468 | -€107 | -18.7% |
| Cash at bank and in hand | 54/58 | €11,095 | €7,022 | -€4,074 | -36.7% |
| Total equity and liabilities | 10/49 | €13,410 | €35,410 | +€22,000 | +164% |
| Equity | 10/15 | €4,028 | -€6,961 | -€10,989 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €35,259 | €33,400 | -€1,859 | -5.3% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €33,400 | €33,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,823 | -€58,953 | -€9,129 | -18.3% |
| Amounts payable | 17/49 | €9,382 | €42,370 | +€32,988 | +352% |
| Amounts payable within one year | 42/48 | €9,382 | €42,370 | +€32,988 | +352% |
| Trade debts | 44 | €1,894 | €25,548 | +€23,654 | +1,249% |
| Suppliers | 440/4 | €1,894 | €25,548 | +€23,654 | +1,249% |
| Taxes, remuneration and social security | 45 | €259 | €10,863 | +€10,604 | +4,100% |
| Taxes | 450/3 | €259 | €24 | -€235 | -90.9% |
| Remuneration and social security | 454/9 | - | €10,840 | +€10,840 | |
| Other amounts payable | 47/48 | €7,230 | €5,959 | -€1,271 | -17.6% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | - | €14,233 | +€14,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €789 | +€789 | |
| Other operating charges | 640/8 | €623 | €150 | -€473 | -75.9% |
| Gross operating margin | 9900 | -€1,257 | €4,270 | +€5,527 | |
| Operating profit (loss) | 9901 | -€1,879 | -€10,902 | -€9,023 | -480% |
| Financial charges | 65/66B | €66 | €63 | -€3 | -3.9% |
| Recurring financial charges | 65 | €66 | €63 | -€3 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,945 | -€10,965 | -€9,020 | -464% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | -€1,945 | -€10,989 | -€9,043 | -465% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,945 | -€10,989 | -€9,043 | -465% |
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 19 October 2026 via checked.be.