CRUXIS: 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.
CRUXIS
Largest movements
- Receivables within one year -€84,099
down €84,099 (-62.3%), from €134,925 to €50,826
of which Other amounts receivable: -€62,870
- Current investments -€74,875
down €74,875 (-4.8%), from €1.6m to €1.5m
- Stocks and contracts +€50,720
new in 2025: €50,720
- Reserves -€200,151
down €200,151 (-8.7%), from €2.3m to €2.1m
of which Tax-exempt reserves: -€842,000
- Other debts +€82,139
up €82,139 (+5,818%), from €1,412 to €83,551
- Tax, wage and social debts +€56,675
up €56,675 (+1,410%), from €4,020 to €60,695
- Trade debts -€36,679
down €36,679 (-84.7%), from €43,320 to €6,641
- Taxes +€72,504
up €72,504 (+10,468%), from €693 to €73,196
- Gross operating margin +€72,225
up €72,225 (+52.7%), from -€137,013 to -€64,788
- Financial income +€45,063
up €45,063 (+157%), from €28,784 to €73,847
- Financial charges +€43,973
up €43,973, from -€38,379 to €5,595
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 | €2,494,779 | €2,375,544 | -€119,235 | -4.8% |
| Fixed assets | 21/28 | €743,597 | €725,721 | -€17,876 | -2.4% |
| Tangible fixed assets | 22/27 | €438,006 | €420,130 | -€17,876 | -4.1% |
| Land and buildings | 22 | €348,708 | €327,842 | -€20,866 | -6.0% |
| Plant, machinery and equipment | 23 | €22,567 | €39,824 | +€17,257 | +76.5% |
| Furniture and vehicles | 24 | €66,730 | €52,464 | -€14,266 | -21.4% |
| Financial fixed assets | 28 | €305,591 | €305,591 | = | 0.0% |
| Current assets | 29/58 | €1,751,182 | €1,649,823 | -€101,359 | -5.8% |
| Stocks and contracts in progress | 3 | - | €50,720 | +€50,720 | |
| Stocks | 30/36 | - | €50,720 | +€50,720 | |
| Amounts receivable within one year | 40/41 | €134,925 | €50,826 | -€84,099 | -62.3% |
| Trade receivables | 40 | €51,852 | €30,624 | -€21,229 | -40.9% |
| Other amounts receivable | 41 | €83,073 | €20,203 | -€62,870 | -75.7% |
| Current investments | 50/53 | €1,575,709 | €1,500,833 | -€74,875 | -4.8% |
| Cash at bank and in hand | 54/58 | €33,078 | €43,808 | +€10,730 | +32.4% |
| Deferred charges and accrued income | 490/1 | €7,470 | €3,635 | -€3,835 | -51.3% |
| Total equity and liabilities | 10/49 | €2,494,779 | €2,375,544 | -€119,235 | -4.8% |
| Equity | 10/15 | €2,309,798 | €2,109,647 | -€200,151 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,291,198 | €2,091,047 | -€200,151 | -8.7% |
| Tax-exempt reserves | 132 | €842,000 | €0 | -€842,000 | -100% |
| Distributable reserves | 133 | €1,449,198 | €2,091,047 | +€641,849 | +44.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,981 | €265,897 | +€80,916 | +43.7% |
| Amounts payable after more than one year | 17 | €115,011 | €95,047 | -€19,964 | -17.4% |
| Financial debts | 170/4 | €115,011 | €95,047 | -€19,964 | -17.4% |
| Amounts payable within one year | 42/48 | €68,447 | €170,850 | +€102,403 | +150% |
| Current portion of amounts payable after more than one year | 42 | €19,694 | €19,964 | +€269 | +1.4% |
| Trade debts | 44 | €43,320 | €6,641 | -€36,679 | -84.7% |
| Suppliers | 440/4 | €43,320 | €6,641 | -€36,679 | -84.7% |
| Taxes, remuneration and social security | 45 | €4,020 | €60,695 | +€56,675 | +1,410% |
| Taxes | 450/3 | €4,020 | €60,695 | +€56,675 | +1,410% |
| Other amounts payable | 47/48 | €1,412 | €83,551 | +€82,139 | +5,818% |
| Accrued charges and deferred income | 492/3 | €1,524 | €0 | -€1,524 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,624 | €42,063 | +€439 | +1.1% |
| Other operating charges | 640/8 | €4,886 | €5,190 | +€304 | +6.2% |
| Gross operating margin | 9900 | -€137,013 | -€64,788 | +€72,225 | +52.7% |
| Operating profit (loss) | 9901 | -€183,523 | -€112,041 | +€71,481 | +38.9% |
| Financial income | 75/76B | €28,784 | €73,847 | +€45,063 | +157% |
| Recurring financial income | 75 | €28,784 | €73,847 | +€45,063 | +157% |
| Financial charges | 65/66B | -€38,379 | €5,595 | +€43,973 | |
| Recurring financial charges | 65 | -€38,379 | €5,595 | +€43,973 | |
| Profit (loss) for the period before taxes | 9903 | -€116,360 | -€43,789 | +€72,571 | +62.4% |
| Income taxes | 67/77 | €693 | €73,196 | +€72,504 | +10,468% |
| Profit (loss) for the period | 9904 | -€117,052 | -€116,985 | +€67 | +0.1% |
| Transfer from tax-exempt reserves | 789 | - | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€117,052 | €725,015 | +€842,067 |
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 22 October 2026 via checked.be.