CRUSTABEL TECHNICS: 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.
CRUSTABEL TECHNICS
Largest movements
- Receivables after one year -€11,600
down €11,600 (-23.2%), from €50,100 to €38,500
- Tangible fixed assets -€4,526
down €4,526 (-5.4%), from €84,125 to €79,599
of which Land and buildings: -€3,080
- Deferred charges and accrued income -€4,427
down €4,427 (-36.5%), from €12,142 to €7,715
- Debts after one year -€12,071
down €12,071 (-26.0%), from €46,403 to €34,332
- Other debts -€11,937
down €11,937 (-49.5%), from €24,135 to €12,197
- Reserves +€11,095
up €11,095 (+8.3%), from €133,954 to €145,049
of which Distributable reserves: +€11,095
- Tax, wage and social debts -€9,057
down €9,057 (-32.8%), from €27,593 to €18,536
- Short-term financial debts +€3,366
up €3,366 (+37.4%), from €9,000 to €12,366
- Gross operating margin +€6,419
up €6,419 (+14.8%), from €43,473 to €49,893
- Depreciation -€4,401
down €4,401 (-49.3%), from €8,927 to €4,526
- Taxes +€2,649
up €2,649 (+32.5%), from €8,156 to €10,805
- Other operating charges +€2,369
up €2,369 (+69.2%), from €3,421 to €5,790
- Financial charges -€1,439
down €1,439 (-15.9%), from €9,031 to €7,592
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 | €279,847 | €258,656 | -€21,191 | -7.6% |
| Fixed assets | 21/28 | €84,125 | €79,599 | -€4,526 | -5.4% |
| Tangible fixed assets | 22/27 | €84,125 | €79,599 | -€4,526 | -5.4% |
| Land and buildings | 22 | €54,486 | €51,406 | -€3,080 | -5.7% |
| Furniture and vehicles | 24 | €29,639 | €28,193 | -€1,446 | -4.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €195,721 | €179,057 | -€16,664 | -8.5% |
| Amounts receivable after more than one year | 29 | €50,100 | €38,500 | -€11,600 | -23.2% |
| Other amounts receivable | 291 | €50,100 | €38,500 | -€11,600 | -23.2% |
| Amounts receivable within one year | 40/41 | €99,169 | €96,974 | -€2,195 | -2.2% |
| Trade receivables | 40 | €56,535 | €54,725 | -€1,810 | -3.2% |
| Other amounts receivable | 41 | €42,635 | €42,250 | -€385 | -0.9% |
| Cash at bank and in hand | 54/58 | €34,310 | €35,867 | +€1,557 | +4.5% |
| Deferred charges and accrued income | 490/1 | €12,142 | €7,715 | -€4,427 | -36.5% |
| Total equity and liabilities | 10/49 | €279,847 | €258,656 | -€21,191 | -7.6% |
| Equity | 10/15 | €152,005 | €163,100 | +€11,095 | +7.3% |
| Contributions | 10/11 | €15,719 | €15,719 | = | 0.0% |
| Reserves | 13 | €133,954 | €145,049 | +€11,095 | +8.3% |
| Non-distributable reserves | 130/1 | €1,691 | €1,691 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,691 | €1,691 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,074 | €25,074 | = | 0.0% |
| Distributable reserves | 133 | €107,189 | €118,284 | +€11,095 | +10.4% |
| Profit (loss) carried forward | 14 | €2,331 | €2,331 | = | 0.0% |
| Amounts payable | 17/49 | €127,841 | €95,556 | -€32,285 | -25.3% |
| Amounts payable after more than one year | 17 | €46,403 | €34,332 | -€12,071 | -26.0% |
| Financial debts | 170/4 | €46,403 | €34,332 | -€12,071 | -26.0% |
| Amounts payable within one year | 42/48 | €81,438 | €61,224 | -€20,214 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €11,445 | €12,071 | +€626 | +5.5% |
| Financial debts | 43 | €9,000 | €12,366 | +€3,366 | +37.4% |
| Credit institutions | 430/8 | €9,000 | €12,366 | +€3,366 | +37.4% |
| Trade debts | 44 | €9,266 | €6,053 | -€3,213 | -34.7% |
| Suppliers | 440/4 | €9,266 | €6,053 | -€3,213 | -34.7% |
| Taxes, remuneration and social security | 45 | €27,593 | €18,536 | -€9,057 | -32.8% |
| Taxes | 450/3 | €27,593 | €18,536 | -€9,057 | -32.8% |
| Other amounts payable | 47/48 | €24,135 | €12,197 | -€11,937 | -49.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,927 | €4,526 | -€4,401 | -49.3% |
| Other operating charges | 640/8 | €3,421 | €5,790 | +€2,369 | +69.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,473 | €49,893 | +€6,419 | +14.8% |
| Operating profit (loss) | 9901 | €31,125 | €39,577 | +€8,451 | +27.2% |
| Financial income | 75/76B | €3,983 | €2,754 | -€1,229 | -30.9% |
| Recurring financial income | 75 | €3,983 | €2,754 | -€1,229 | -30.9% |
| Financial charges | 65/66B | €9,031 | €7,592 | -€1,439 | -15.9% |
| Recurring financial charges | 65 | €9,031 | €7,592 | -€1,439 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €26,078 | €34,739 | +€8,661 | +33.2% |
| Income taxes | 67/77 | €8,156 | €10,805 | +€2,649 | +32.5% |
| Profit (loss) for the period | 9904 | €17,921 | €23,934 | +€6,013 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,921 | €23,934 | +€6,013 | +33.5% |
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 14 October 2026 via checked.be.