CRUTEX: what changed
Two fiscal 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
CRUTEX
NACE 46.412, Wholesale of household textiles and bedding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,600
2024 · €777,737-€651,137
Equity
€8.6m
2024 · €8.8m-€173,400
Cash
€2.2m
2024 · €793,237+€1.4m
Balance sheet total
€14.6m
2024 · €15.1m-€482,731
Largest movements
Assets
- Receivables within one year -€5.7m
down €5.7m (-74.0%), from €7.7m to €2.0m
of which Other amounts receivable: -€4.9m
- Receivables after one year +€5.0m
new in 2025: €5.0m
- Cash +€1.4m
up €1.4m (+177.4%), from €793,237 to €2.2m
mainly Receivables within one year (+€5.7m) and Debts after one year (+€3.1m)
- Stocks and contracts -€1.2m
down €1.2m (-17.9%), from €6.5m to €5.4m
Equity and liabilities
- Debts after one year +€3.1m
new in 2025: €3.1m
of which Financial debts: +€3.0m
- Short-term financial debts -€3.0m
down €3.0m (-99.8%), from €3.0m to €7,254
- Trade debts -€263,313
down €263,313 (-9.9%), from €2.7m to €2.4m
- Tax, wage and social debts -€190,965
down €190,965 (-64.8%), from €294,753 to €103,788
of which Taxes: -€192,646
- Profit (loss) carried forward -€173,400
down €173,400 (-3.4%), from €5.2m to €5.0m
Income statement
- Turnover -€3.3m
down €3.3m (-19.5%), from €16.8m to €13.5m
- Goods and materials -€1.7m
down €1.7m (-13.5%), from €12.8m to €11.1m
of which Purchases: -€3.0m
- Services and other goods -€430,674
down €430,674 (-19.6%), from €2.2m to €1.8m
- Taxes -€252,704
down €252,704 (-82.6%), from €305,971 to €53,266
of which Taxes: -€248,616
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
€777,737
Turnover
-€3.3m
Other operating income
-€2,016
Goods and materials
+€1.7m
Services and other goods
+€430,674
Staff costs
-€12,341
Depreciation
+€4,372
Write-downs
+€105,912
Other operating charges
+€7,571
Financial income
+€38,123
Financial charges
+€71,427
Taxes
+€252,704
Result 2025
€126,600
Cash bridge derived
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
+€1.6m
Investment
-€1,983
Financing
-€152,554
Cash 2024
€793,237
From operations (derived)
+€1.6m
Net result for the year
+€126,600
Depreciation
+€18,519
Receivables after one year
-€5.0m
Stocks and contracts
+€1.2m
Receivables within one year
+€5.7m
Smaller working-capital items
-€2,371
Trade debts
-€263,313
Tax, wage and social debts
-€190,965
Investment (derived)
-€1,983
Investment in fixed assets (net)
-€1,983
Financing
-€152,554
Debts after one year
+€3.1m
Short-term financial debts
-€3.0m
Contributions, distributions and other
-€300,000
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,050,758 | €14,568,026 | -€482,731 | -3.2% |
| Fixed assets | 21/28 | €50,946 | €34,409 | -€16,536 | -32.5% |
| Intangible fixed assets | 21 | €198 | €66 | -€132 | -66.7% |
| Tangible fixed assets | 22/27 | €42,484 | €26,079 | -€16,404 | -38.6% |
| Furniture and vehicles | 24 | €42,484 | €26,079 | -€16,404 | -38.6% |
| Financial fixed assets | 28 | €8,264 | €8,264 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,264 | €8,264 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,264 | €8,264 | = | 0.0% |
| Current assets | 29/58 | €14,999,812 | €14,533,617 | -€466,195 | -3.1% |
| Amounts receivable after more than one year | 29 | - | €4,967,437 | +€5.0m | |
| Other amounts receivable | 291 | - | €4,967,437 | +€5.0m | |
| Stocks and contracts in progress | 3 | €6,544,502 | €5,373,747 | -€1.2m | -17.9% |
| Stocks | 30/36 | €6,544,502 | €5,373,747 | -€1.2m | -17.9% |
| Goods purchased for resale | 34 | €6,544,502 | €5,373,747 | -€1.2m | -17.9% |
| Amounts receivable within one year | 40/41 | €7,660,398 | €1,990,757 | -€5.7m | -74.0% |
| Trade receivables | 40 | €2,675,634 | €1,908,824 | -€766,810 | -28.7% |
| Other amounts receivable | 41 | €4,984,764 | €81,933 | -€4.9m | -98.4% |
| Cash at bank and in hand | 54/58 | €793,237 | €2,200,131 | +€1.4m | +177.4% |
| Deferred charges and accrued income | 490/1 | €1,674 | €1,545 | -€129 | -7.7% |
| Total equity and liabilities | 10/49 | €15,050,758 | €14,568,026 | -€482,731 | -3.2% |
| Equity | 10/15 | €8,793,066 | €8,619,666 | -€173,400 | -2.0% |
| Contributions | 10/11 | €2,400,000 | €2,400,000 | = | 0.0% |
| Capital | 10 | €2,400,000 | €2,400,000 | = | 0.0% |
| Issued capital | 100 | €2,400,000 | €2,400,000 | = | 0.0% |
| Reserves | 13 | €1,226,702 | €1,226,702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €240,000 | €240,000 | = | 0.0% |
| Legal reserve | 130 | €240,000 | €240,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,006 | €2,006 | = | 0.0% |
| Distributable reserves | 133 | €984,696 | €984,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,166,364 | €4,992,964 | -€173,400 | -3.4% |
| Amounts payable | 17/49 | €6,257,692 | €5,948,360 | -€309,332 | -4.9% |
| Amounts payable after more than one year | 17 | - | €3,140,193 | +€3.1m | |
| Financial debts | 170/4 | - | €3,000,000 | +€3.0m | |
| Other loans | 174 | - | €3,000,000 | +€3.0m | |
| Other amounts payable | 178/9 | - | €140,193 | +€140,193 | |
| Amounts payable within one year | 42/48 | €6,255,192 | €2,808,167 | -€3.4m | -55.1% |
| Financial debts | 43 | €3,000,000 | €7,254 | -€3.0m | -99.8% |
| Credit institutions | 430/8 | €3,000,000 | €7,254 | -€3.0m | -99.8% |
| Trade debts | 44 | €2,662,288 | €2,398,975 | -€263,313 | -9.9% |
| Suppliers | 440/4 | €2,662,288 | €2,398,975 | -€263,313 | -9.9% |
| Taxes, remuneration and social security | 45 | €294,753 | €103,788 | -€190,965 | -64.8% |
| Taxes | 450/3 | €251,849 | €59,204 | -€192,646 | -76.5% |
| Remuneration and social security | 454/9 | €42,904 | €44,585 | +€1,681 | +3.9% |
| Other amounts payable | 47/48 | €298,151 | €298,151 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Operating income | 70/76A | €16,794,164 | €13,520,677 | -€3.3m | -19.5% |
| Turnover | 70 | €16,774,567 | €13,503,096 | -€3.3m | -19.5% |
| Other operating income | 74 | €19,597 | €17,581 | -€2,016 | -10.3% |
| Operating charges | 60/66A | €15,462,356 | €13,202,260 | -€2.3m | -14.6% |
| Goods for resale, raw materials and consumables | 60 | €12,811,511 | €11,087,603 | -€1.7m | -13.5% |
| Purchases | 600/8 | €12,775,904 | €9,797,459 | -€3.0m | -23.3% |
| Change in stocks: decrease (increase) | 609 | €35,607 | €1,290,144 | +€1.3m | +3523.2% |
| Services and other goods | 61 | €2,198,292 | €1,767,618 | -€430,674 | -19.6% |
| Remuneration, social security and pensions | 62 | €430,913 | €443,254 | +€12,341 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,890 | €18,519 | -€4,372 | -19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,668 | -€123,581 | -€105,912 | -599.4% |
| Other operating charges | 640/8 | €16,418 | €8,847 | -€7,571 | -46.1% |
| Operating profit (loss) | 9901 | €1,331,808 | €318,417 | -€1.0m | -76.1% |
| Financial income | 75/76B | €45,336 | €83,459 | +€38,123 | +84.1% |
| Recurring financial income | 75 | €45,336 | €83,459 | +€38,123 | +84.1% |
| Income from financial fixed assets | 750 | €21,451 | €48,750 | +€27,299 | +127.3% |
| Other financial income | 752/9 | €23,884 | €34,709 | +€10,824 | +45.3% |
| Financial charges | 65/66B | €293,437 | €222,010 | -€71,427 | -24.3% |
| Recurring financial charges | 65 | €293,437 | €222,010 | -€71,427 | -24.3% |
| Debt charges | 650 | €157,168 | €144,523 | -€12,644 | -8.0% |
| Other financial charges | 652/9 | €136,269 | €77,487 | -€58,782 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €1,083,708 | €179,866 | -€903,841 | -83.4% |
| Income taxes | 67/77 | €305,971 | €53,266 | -€252,704 | -82.6% |
| Taxes | 670/3 | €305,971 | €57,354 | -€248,616 | -81.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,088 | +€4,088 | |
| Profit (loss) for the period | 9904 | €777,737 | €126,600 | -€651,137 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €777,737 | €126,600 | -€651,137 | -83.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.