CRUTZEN.: 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.
CRUTZEN.
Largest movements
- Tangible fixed assets -€19,668
down €19,668 (-4.3%), from €456,656 to €436,988
- Reserves -€25,565
down €25,565 (-10.6%), from €241,841 to €216,276
of which Distributable reserves: -€18,252
- Gross operating margin +€3,056
up €3,056 (+39.6%), from -€7,714 to -€4,658
- Other operating charges -€264
down €264 (-7.0%), from €3,780 to €3,516
- Depreciation -€183
down €183 (-0.9%), from €19,851 to €19,668
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,421 | €438,857 | -€24,564 | -5.3% |
| Fixed assets | 21/28 | €456,656 | €436,988 | -€19,668 | -4.3% |
| Tangible fixed assets | 22/27 | €456,656 | €436,988 | -€19,668 | -4.3% |
| Land and buildings | 22 | €456,656 | €436,988 | -€19,668 | -4.3% |
| Current assets | 29/58 | €6,765 | €1,869 | -€4,896 | -72.4% |
| Amounts receivable within one year | 40/41 | €1,742 | €0 | -€1,742 | -100.0% |
| Other amounts receivable | 41 | €1,742 | €0 | -€1,742 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,023 | €1,869 | -€3,154 | -62.8% |
| Total equity and liabilities | 10/49 | €463,421 | €438,857 | -€24,564 | -5.3% |
| Equity | 10/15 | €304,341 | €278,776 | -€25,565 | -8.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Outside capital | 11 | €62,500 | - | -€62,500 | |
| Other | 1109/19 | €62,500 | - | -€62,500 | |
| Reserves | 13 | €241,841 | €216,276 | -€25,565 | -10.6% |
| Tax-exempt reserves | 132 | €193,491 | €186,178 | -€7,313 | -3.8% |
| Distributable reserves | 133 | €48,350 | €30,098 | -€18,252 | -37.8% |
| Provisions and deferred taxes | 16 | €64,187 | €61,750 | -€2,438 | -3.8% |
| Deferred taxes | 168 | €64,187 | €61,750 | -€2,438 | -3.8% |
| Amounts payable | 17/49 | €94,892 | €98,331 | +€3,438 | +3.6% |
| Amounts payable within one year | 42/48 | €94,892 | €98,331 | +€3,438 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | - | €390 | +€390 | |
| Financial debts | 43 | €87,000 | €87,000 | = | 0.0% |
| Credit institutions | 430/8 | €87,000 | - | -€87,000 | |
| Other loans | 439 | - | €87,000 | +€87,000 | |
| Trade debts | 44 | €197 | €2,947 | +€2,750 | +1397.9% |
| Suppliers | 440/4 | €197 | €2,947 | +€2,750 | +1397.9% |
| Other amounts payable | 47/48 | €7,696 | €7,994 | +€298 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,851 | €19,668 | -€183 | -0.9% |
| Other operating charges | 640/8 | €3,780 | €3,516 | -€264 | -7.0% |
| Gross operating margin | 9900 | -€7,714 | -€4,658 | +€3,056 | +39.6% |
| Operating profit (loss) | 9901 | -€31,345 | -€27,842 | +€3,503 | +11.2% |
| Financial income | 75/76B | €33 | €1 | -€32 | -97.6% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -97.6% |
| Financial charges | 65/66B | €208 | €161 | -€47 | -22.7% |
| Recurring financial charges | 65 | €208 | €161 | -€47 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,520 | -€28,002 | +€3,518 | +11.2% |
| Transfer from deferred taxes | 780 | €2,438 | €2,438 | = | 0.0% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€29,085 | -€25,565 | +€3,520 | +12.1% |
| Transfer from tax-exempt reserves | 789 | €7,313 | €7,313 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,772 | -€18,252 | +€3,520 | +16.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.