CRUSTUM: 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
CRUSTUM
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,605
2024 · €156,478-€73,873
Equity
€1.2m
2024 · €1.1m+€82,605
Cash
€11,630
2024 · €3,426+€8,203
Balance sheet total
€11.4m
2024 · €11.4m+€8,478
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€559,105
down €559,105 (-7.0%), from €8.0m to €7.4m
- Accrued charges and deferred income +€217,214
up €217,214 (+44.5%), from €488,319 to €705,534
- Other debts +€190,805
up €190,805 (+15.4%), from €1.2m to €1.4m
Income statement
- Financial income -€92,406
down €92,406 (-37.0%), from €250,000 to €157,594
- Turnover +€43,900
up €43,900 (+6.9%), from €635,000 to €678,900
- Services and other goods +€40,622
up €40,622 (+10.6%), from €382,280 to €422,902
- Taxes -€9,017
down €9,017 (-52.2%), from €17,277 to €8,261
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.
Result 2024
€156,478
Turnover
+€43,900
Services and other goods
-€40,622
Other operating charges
-€111
Financial income
-€92,406
Financial charges
+€6,350
Taxes
+€9,017
Result 2025
€82,605
raises the resultlowers the result
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.
From operations
+€563,637
Investment
€0
Financing
-€555,434
Cash 2024
€3,426
From operations (derived)
+€563,637
Net result for the year
+€82,605
Smaller working-capital items
-€275
Trade debts
+€101,000
Tax, wage and social debts
-€27,713
Other debts
+€190,805
Accrued charges and deferred income
+€217,214
Financing
-€555,434
Debts after one year
-€559,105
Current portion of long-term debt
+€3,672
Cash 2025
€11,630
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,419,328 | €11,427,806 | +€8,478 | +0.1% |
| Fixed assets | 21/28 | €11,400,000 | €11,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €11,400,000 | €11,400,000 | = | 0.0% |
| Affiliated companies | 280/1 | €11,400,000 | €11,400,000 | = | 0.0% |
| Participating interests | 280 | €11,400,000 | €11,400,000 | = | 0.0% |
| Current assets | 29/58 | €19,328 | €27,806 | +€8,478 | +43.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €15,476 | €15,750 | +€274 | +1.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,476 | €15,750 | +€274 | +1.8% |
| Cash at bank and in hand | 54/58 | €3,426 | €11,630 | +€8,203 | +239% |
| Deferred charges and accrued income | 490/1 | €426 | €427 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €11,419,328 | €11,427,806 | +€8,478 | +0.1% |
| Equity | 10/15 | €1,087,789 | €1,170,394 | +€82,605 | +7.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €987,789 | €1,070,394 | +€82,605 | +8.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €970,789 | €1,053,394 | +€82,605 | +8.5% |
| Amounts payable | 17/49 | €10,331,539 | €10,257,412 | -€74,127 | -0.7% |
| Amounts payable after more than one year | 17 | €7,990,040 | €7,430,935 | -€559,105 | -7.0% |
| Financial debts | 170/4 | €7,990,040 | €7,430,935 | -€559,105 | -7.0% |
| Subordinated loans | 170 | €3,300,000 | €3,300,000 | = | 0.0% |
| Credit institutions | 173 | €840,040 | €280,935 | -€559,105 | -66.6% |
| Other loans | 174 | €3,850,000 | €3,850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,853,180 | €2,120,943 | +€267,764 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €555,434 | €559,105 | +€3,672 | +0.7% |
| Trade debts | 44 | €0 | €101,000 | +€101,000 | |
| Suppliers | 440/4 | €0 | €101,000 | +€101,000 | |
| Taxes, remuneration and social security | 45 | €55,559 | €27,846 | -€27,713 | -49.9% |
| Taxes | 450/3 | €55,559 | €27,846 | -€27,713 | -49.9% |
| Other amounts payable | 47/48 | €1,242,187 | €1,432,992 | +€190,805 | +15.4% |
| Accrued charges and deferred income | 492/3 | €488,319 | €705,534 | +€217,214 | +44.5% |
| Operating income | 70/76A | €635,000 | €678,900 | +€43,900 | +6.9% |
| Turnover | 70 | €635,000 | €678,900 | +€43,900 | +6.9% |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €383,519 | €424,252 | +€40,733 | +10.6% |
| Services and other goods | 61 | €382,280 | €422,902 | +€40,622 | +10.6% |
| Other operating charges | 640/8 | €1,240 | €1,351 | +€111 | +9.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €251,481 | €254,648 | +€3,167 | +1.3% |
| Financial income | 75/76B | €250,000 | €157,594 | -€92,406 | -37.0% |
| Recurring financial income | 75 | €250,000 | €157,594 | -€92,406 | -37.0% |
| Income from financial fixed assets | 750 | €250,000 | €157,594 | -€92,406 | -37.0% |
| Financial charges | 65/66B | €327,726 | €321,376 | -€6,350 | -1.9% |
| Recurring financial charges | 65 | €327,726 | €321,376 | -€6,350 | -1.9% |
| Debt charges | 650 | €327,487 | €321,130 | -€6,357 | -1.9% |
| Other financial charges | 652/9 | €239 | €246 | +€7 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €173,755 | €90,866 | -€82,889 | -47.7% |
| Income taxes | 67/77 | €17,277 | €8,261 | -€9,017 | -52.2% |
| Taxes | 670/3 | €17,277 | €8,261 | -€9,017 | -52.2% |
| Profit (loss) for the period | 9904 | €156,478 | €82,605 | -€73,873 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €156,478 | €82,605 | -€73,873 | -47.2% |
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 15 October 2026 via checked.be.