CRUISE PLUS: 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.
CRUISE PLUS
Largest movements
- Cash +€157,335
up €157,335 (+70.9%), from €221,890 to €379,225
mainly Advances received (+€169,918) and Net result for the year (+€107,456)
- Receivables within one year -€23,095
down €23,095 (-8.3%), from €277,733 to €254,638
of which Trade receivables: -€65,123
- Advances received +€169,918
up €169,918 (+28.3%), from €600,918 to €770,836
- Accrued charges and deferred income -€120,263
down €120,263 (-37.0%), from €324,898 to €204,636
- Tax, wage and social debts +€53,639
up €53,639 (+37.9%), from €141,437 to €195,076
of which Remuneration and social security: +€49,469
- Trade debts +€33,466
up €33,466 (+54.8%), from €61,090 to €94,556
- Staff costs +€233,377
up €233,377 (+68.1%), from €342,666 to €576,043
- Gross operating margin +€55,193
up €55,193 (+8.3%), from €661,492 to €716,685
- Taxes -€52,693
down €52,693 (-79.1%), from €66,577 to €13,884
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 | €1,672,094 | €1,797,777 | +€125,683 | +7.5% |
| Fixed assets | 21/28 | €25,294 | €32,327 | +€7,033 | +27.8% |
| Tangible fixed assets | 22/27 | €25,194 | €32,327 | +€7,133 | +28.3% |
| Land and buildings | 22 | €25,005 | €18,153 | -€6,851 | -27.4% |
| Plant, machinery and equipment | 23 | €189 | €0 | -€189 | -100% |
| Furniture and vehicles | 24 | - | €14,174 | +€14,174 | |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €1,646,800 | €1,765,450 | +€118,649 | +7.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €277,733 | €254,638 | -€23,095 | -8.3% |
| Trade receivables | 40 | €169,479 | €104,356 | -€65,123 | -38.4% |
| Other amounts receivable | 41 | €108,253 | €150,281 | +€42,028 | +38.8% |
| Cash at bank and in hand | 54/58 | €221,890 | €379,225 | +€157,335 | +70.9% |
| Deferred charges and accrued income | 490/1 | €1,147,177 | €1,131,587 | -€15,590 | -1.4% |
| Total equity and liabilities | 10/49 | €1,672,094 | €1,797,777 | +€125,683 | +7.5% |
| Equity | 10/15 | €421,432 | €433,888 | +€12,456 | +3.0% |
| Contributions | 10/11 | €65,140 | €65,140 | = | 0.0% |
| Reserves | 13 | €356,292 | €368,748 | +€12,456 | +3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €356,292 | €368,748 | +€12,456 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,250,662 | €1,363,888 | +€113,226 | +9.1% |
| Amounts payable within one year | 42/48 | €925,764 | €1,159,253 | +€233,489 | +25.2% |
| Financial debts | 43 | €21,292 | €3,785 | -€17,507 | -82.2% |
| Credit institutions | 430/8 | €21,292 | €3,785 | -€17,507 | -82.2% |
| Trade debts | 44 | €61,090 | €94,556 | +€33,466 | +54.8% |
| Suppliers | 440/4 | €61,090 | €94,556 | +€33,466 | +54.8% |
| Advances received on contracts in progress | 46 | €600,918 | €770,836 | +€169,918 | +28.3% |
| Taxes, remuneration and social security | 45 | €141,437 | €195,076 | +€53,639 | +37.9% |
| Taxes | 450/3 | €97,354 | €101,524 | +€4,170 | +4.3% |
| Remuneration and social security | 454/9 | €44,083 | €93,552 | +€49,469 | +112% |
| Other amounts payable | 47/48 | €101,027 | €95,000 | -€6,027 | -6.0% |
| Accrued charges and deferred income | 492/3 | €324,898 | €204,636 | -€120,263 | -37.0% |
| Remuneration, social security and pensions | 62 | €342,666 | €576,043 | +€233,377 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,877 | €9,097 | +€2,220 | +32.3% |
| Other operating charges | 640/8 | €2,664 | €1,311 | -€1,353 | -50.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €661,492 | €716,685 | +€55,193 | +8.3% |
| Operating profit (loss) | 9901 | €309,285 | €130,234 | -€179,051 | -57.9% |
| Financial income | 75/76B | €3,744 | €7,677 | +€3,933 | +105% |
| Recurring financial income | 75 | €3,744 | €7,677 | +€3,933 | +105% |
| Financial charges | 65/66B | €16,165 | €16,570 | +€406 | +2.5% |
| Recurring financial charges | 65 | €16,165 | €16,570 | +€406 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €296,864 | €121,340 | -€175,524 | -59.1% |
| Income taxes | 67/77 | €66,577 | €13,884 | -€52,693 | -79.1% |
| Profit (loss) for the period | 9904 | €230,288 | €107,456 | -€122,831 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €230,288 | €107,456 | -€122,831 | -53.3% |
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 29 October 2026 via checked.be.