CRUSHER: 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.
CRUSHER
Largest movements
- Cash -€105,790
down €105,790 (-60.9%), from €173,595 to €67,806
mainly Contributions, distributions and other (-€125,000) and Advances received (-€123,750)
- Tangible fixed assets +€50,200
new in 2025: €50,200
of which Leasing and similar rights: +€49,457
- Debts after one year +€139,293
up €139,293 (+139%), from €100,000 to €239,293
- Advances received -€123,750
no longer reported in 2025 (was €123,750)
- Trade debts -€91,580
down €91,580 (-40.8%), from €224,678 to €133,097
- Current portion of long-term debt +€26,756
new in 2025: €26,756
- Tax, wage and social debts -€25,483
down €25,483 (-34.5%), from €73,784 to €48,300
of which Taxes: -€25,422
- Gross operating margin +€17,979
up €17,979 (+7.1%), from €253,105 to €271,084
- Staff costs +€9,953
up €9,953 (+14.1%), from €70,494 to €80,447
- Financial charges -€7,337
down €7,337 (-63.5%), from €11,560 to €4,223
- Taxes +€4,713
up €4,713 (+12.4%), from €38,085 to €42,798
- Depreciation +€3,915
new in 2025: €3,915
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 | €696,398 | €636,282 | -€60,116 | -8.6% |
| Fixed assets | 21/28 | - | €50,200 | +€50,200 | |
| Tangible fixed assets | 22/27 | - | €50,200 | +€50,200 | |
| Furniture and vehicles | 24 | - | €743 | +€743 | |
| Leasing and similar rights | 25 | - | €49,457 | +€49,457 | |
| Current assets | 29/58 | €696,398 | €586,082 | -€110,317 | -15.8% |
| Stocks and contracts in progress | 3 | €30,000 | €24,700 | -€5,300 | -17.7% |
| Stocks | 30/36 | €30,000 | €24,700 | -€5,300 | -17.7% |
| Amounts receivable within one year | 40/41 | €492,803 | €493,576 | +€773 | +0.2% |
| Trade receivables | 40 | €356,457 | €181,007 | -€175,450 | -49.2% |
| Other amounts receivable | 41 | €136,346 | €312,569 | +€176,223 | +129% |
| Cash at bank and in hand | 54/58 | €173,595 | €67,806 | -€105,790 | -60.9% |
| Total equity and liabilities | 10/49 | €696,398 | €636,282 | -€60,116 | -8.6% |
| Equity | 10/15 | €174,187 | €188,836 | +€14,649 | +8.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €164,187 | €178,836 | +€14,649 | +8.9% |
| Distributable reserves | 133 | €164,187 | €178,836 | +€14,649 | +8.9% |
| Amounts payable | 17/49 | €522,211 | €447,446 | -€74,766 | -14.3% |
| Amounts payable after more than one year | 17 | €100,000 | €239,293 | +€139,293 | +139% |
| Financial debts | 170/4 | €100,000 | €239,293 | +€139,293 | +139% |
| Amounts payable within one year | 42/48 | €422,211 | €208,153 | -€214,058 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | - | €26,756 | +€26,756 | |
| Trade debts | 44 | €224,678 | €133,097 | -€91,580 | -40.8% |
| Suppliers | 440/4 | €224,678 | €133,097 | -€91,580 | -40.8% |
| Advances received on contracts in progress | 46 | €123,750 | - | -€123,750 | |
| Taxes, remuneration and social security | 45 | €73,784 | €48,300 | -€25,483 | -34.5% |
| Taxes | 450/3 | €73,241 | €47,819 | -€25,422 | -34.7% |
| Remuneration and social security | 454/9 | €543 | €481 | -€61 | -11.3% |
| Remuneration, social security and pensions | 62 | €70,494 | €80,447 | +€9,953 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,915 | +€3,915 | |
| Other operating charges | 640/8 | €385 | €528 | +€143 | +37.2% |
| Gross operating margin | 9900 | €253,105 | €271,084 | +€17,979 | +7.1% |
| Operating profit (loss) | 9901 | €182,226 | €186,194 | +€3,968 | +2.2% |
| Financial income | 75/76B | €0 | €476 | +€476 | +528,856% |
| Recurring financial income | 75 | €0 | €476 | +€476 | +528,856% |
| Financial charges | 65/66B | €11,560 | €4,223 | -€7,337 | -63.5% |
| Recurring financial charges | 65 | €11,560 | €4,223 | -€7,337 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €170,666 | €182,447 | +€11,781 | +6.9% |
| Income taxes | 67/77 | €38,085 | €42,798 | +€4,713 | +12.4% |
| Profit (loss) for the period | 9904 | €132,581 | €139,649 | +€7,068 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,581 | €139,649 | +€7,068 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.