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Crusta Properties: 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.

What changed

Crusta Properties

BE 0671.592.366
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,738
2024 · -€52,518+€43,780
Equity
-€73,617
2024 · -€64,879-€8,738
Cash
€6,185
2024 · €903+€5,282
Balance sheet total
€237,828
2024 · €233,056+€4,772

Largest movements

2024 to 2025
Assets
  • Cash +€5,282

    up €5,282 (+585%), from €903 to €6,185

    mainly Debts after one year (+€24,928) and Other debts (+€8,184)

  • Tangible fixed assets +€3,292

    up €3,292 (+1.5%), from €224,214 to €227,505

  • Receivables within one year -€2,479

    down €2,479 (-38.4%), from €6,453 to €3,973

    of which Trade receivables: -€2,973

Equity and liabilities
  • Debts after one year +€24,928

    up €24,928 (+15.2%), from €163,894 to €188,822

  • Trade debts -€22,714

    down €22,714 (-78.7%), from €28,847 to €6,134

  • Profit (loss) carried forward -€8,738

    down €8,738 (-10.5%), from -€83,479 to -€92,217

  • Other debts +€8,184

    up €8,184 (+8.8%), from €92,903 to €101,088

Income statement
  • Gross operating margin +€35,607

    up €35,607, from -€28,525 to €7,082

  • Financial charges +€5,875

    up €5,875 (+105%), from €5,620 to €11,495

  • Other operating charges -€520

    down €520 (-41.3%), from €1,259 to €739

From the 2024 result to the 2025 result

effect on the 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 -€52,518
Gross operating margin +€35,607
Depreciation -€210
Other operating charges +€520
Other operating items +€13,920
Financial income -€182
Financial charges -€5,875
Result 2025 -€8,738
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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 -€14,259
Investment -€6,890
Financing +€26,431
Cash 2024 €903
Net result for the year -€8,738
Depreciation +€3,598
Receivables within one year +€2,479
Deferred charges and accrued income +€1,322
Trade debts -€22,714
Tax, wage and social debts +€1,247
Other debts +€8,184
Accrued charges and deferred income +€361
Investment in fixed assets (net) -€6,890
Debts after one year +€24,928
Current portion of long-term debt +€1,503
Cash 2025 €6,185
brings cash intakes cash out
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €233,056 €237,828 +€4,772 +2.0%
Fixed assets 21/28 €224,214 €227,505 +€3,292 +1.5%
Tangible fixed assets 22/27 €224,214 €227,505 +€3,292 +1.5%
Land and buildings 22 €224,214 €227,505 +€3,292 +1.5%
Current assets 29/58 €8,842 €10,323 +€1,481 +16.7%
Amounts receivable within one year 40/41 €6,453 €3,973 -€2,479 -38.4%
Trade receivables 40 €6,050 €3,077 -€2,973 -49.1%
Other amounts receivable 41 €403 €897 +€494 +123%
Cash at bank and in hand 54/58 €903 €6,185 +€5,282 +585%
Deferred charges and accrued income 490/1 €1,487 €165 -€1,322 -88.9%
Total equity and liabilities 10/49 €233,056 €237,828 +€4,772 +2.0%
Equity 10/15 -€64,879 -€73,617 -€8,738 -13.5%
Contributions 10/11 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 -€83,479 -€92,217 -€8,738 -10.5%
Amounts payable 17/49 €297,935 €311,445 +€13,510 +4.5%
Amounts payable after more than one year 17 €163,894 €188,822 +€24,928 +15.2%
Financial debts 170/4 €163,894 €188,822 +€24,928 +15.2%
Amounts payable within one year 42/48 €130,320 €118,541 -€11,779 -9.0%
Current portion of amounts payable after more than one year 42 €8,569 €10,072 +€1,503 +17.5%
Trade debts 44 €28,847 €6,134 -€22,714 -78.7%
Suppliers 440/4 €28,847 €6,134 -€22,714 -78.7%
Taxes, remuneration and social security 45 - €1,247 +€1,247
Taxes 450/3 - €1,247 +€1,247
Other amounts payable 47/48 €92,903 €101,088 +€8,184 +8.8%
Accrued charges and deferred income 492/3 €3,721 €4,082 +€361 +9.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,388 €3,598 +€210 +6.2%
Other operating charges 640/8 €1,259 €739 -€520 -41.3%
Non-recurring operating charges 66A €13,920 - -€13,920
Gross operating margin 9900 -€28,525 €7,082 +€35,607
Operating profit (loss) 9901 -€47,092 €2,745 +€49,837
Financial income 75/76B €194 €12 -€182 -93.7%
Recurring financial income 75 €194 €12 -€182 -93.7%
Financial charges 65/66B €5,620 €11,495 +€5,875 +105%
Recurring financial charges 65 €5,620 €11,495 +€5,875 +105%
Profit (loss) for the period before taxes 9903 -€52,518 -€8,738 +€43,780 +83.4%
Profit (loss) for the period 9904 -€52,518 -€8,738 +€43,780 +83.4%
Profit (loss) for the period to be appropriated 9905 -€52,518 -€8,738 +€43,780 +83.4%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.