CRUZ: 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.
CRUZ
Largest movements
- Receivables after one year +€90,000
new in 2025: €90,000
- Cash -€48,867
down €48,867 (-60.7%), from €80,457 to €31,589
mainly Receivables after one year (-€90,000) and Investment in fixed assets (net) (-€2,507)
- Receivables within one year -€14,347
down €14,347 (-56.6%), from €25,368 to €11,020
of which Trade receivables: -€18,430
- Tangible fixed assets -€10,620
down €10,620 (-24.9%), from €42,634 to €32,014
of which Furniture and vehicles: -€5,883
- Profit (loss) carried forward +€20,854
no longer reported in 2025 (was -€20,854)
- Reserves -€5,450
down €5,450 (-3.3%), from €167,115 to €161,665
of which Distributable reserves: -€5,450
- Turnover -€79,820
no longer reported in 2025 (was €79,820)
- Purchases and services -€31,127
no longer reported in 2025 (was €31,127)
- Gross operating margin -€2,855
down €2,855 (-5.9%), from €48,693 to €45,838
- Depreciation -€2,331
down €2,331 (-15.1%), from €15,458 to €13,127
- Taxes +€2,296
up €2,296 (+14.6%), from €15,712 to €18,008
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 | €148,458 | €164,624 | +€16,165 | +10.9% |
| Fixed assets | 21/28 | €42,634 | €32,014 | -€10,620 | -24.9% |
| Tangible fixed assets | 22/27 | €42,634 | €32,014 | -€10,620 | -24.9% |
| Plant, machinery and equipment | 23 | €10,821 | €6,851 | -€3,970 | -36.7% |
| Furniture and vehicles | 24 | €30,280 | €24,397 | -€5,883 | -19.4% |
| Other tangible fixed assets | 26 | €1,533 | €765 | -€767 | -50.1% |
| Current assets | 29/58 | €105,825 | €132,610 | +€26,785 | +25.3% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €25,368 | €11,020 | -€14,347 | -56.6% |
| Trade receivables | 40 | €25,368 | €6,938 | -€18,430 | -72.7% |
| Other amounts receivable | 41 | - | €4,083 | +€4,083 | |
| Cash at bank and in hand | 54/58 | €80,457 | €31,589 | -€48,867 | -60.7% |
| Total equity and liabilities | 10/49 | €148,458 | €164,624 | +€16,165 | +10.9% |
| Equity | 10/15 | €146,861 | €162,265 | +€15,404 | +10.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Contributions outside capital | 11 | €600 | - | -€600 | |
| Share premium | 1100/10 | €600 | - | -€600 | |
| Reserves | 13 | €167,115 | €161,665 | -€5,450 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €165,255 | €159,805 | -€5,450 | -3.3% |
| Profit (loss) carried forward | 14 | -€20,854 | - | +€20,854 | |
| Amounts payable | 17/49 | €1,597 | €2,359 | +€761 | +47.7% |
| Amounts payable within one year | 42/48 | €1,597 | €2,359 | +€761 | +47.7% |
| Taxes, remuneration and social security | 45 | €1,597 | €2,262 | +€664 | +41.6% |
| Taxes | 450/3 | €1,597 | €2,262 | +€664 | +41.6% |
| Other amounts payable | 47/48 | - | €97 | +€97 | |
| Turnover | 70 | €79,820 | - | -€79,820 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,127 | - | -€31,127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,458 | €13,127 | -€2,331 | -15.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €48,693 | €45,838 | -€2,855 | -5.9% |
| Operating profit (loss) | 9901 | €33,235 | €32,591 | -€644 | -1.9% |
| Financial income | 75/76B | €623 | €909 | +€286 | +46.0% |
| Recurring financial income | 75 | €623 | €909 | +€286 | +46.0% |
| Financial charges | 65/66B | - | €88 | +€88 | |
| Recurring financial charges | 65 | - | €88 | +€88 | |
| Profit (loss) for the period before taxes | 9903 | €33,858 | €33,412 | -€446 | -1.3% |
| Income taxes | 67/77 | €15,712 | €18,008 | +€2,296 | +14.6% |
| Profit (loss) for the period | 9904 | €18,146 | €15,404 | -€2,742 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,146 | €15,404 | -€2,742 | -15.1% |
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 16 October 2026 via checked.be.