CRUZZER: 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.
CRUZZER
Largest movements
- Receivables within one year +€29,998
up €29,998 (+3,451%), from €869 to €30,868
of which Trade receivables: +€30,716
- Cash -€12,139
down €12,139 (-99.4%), from €12,215 to €75
mainly Debts after one year (-€45,000) and Receivables within one year (-€29,998)
- Debts after one year -€45,000
down €45,000 (-12.5%), from €360,000 to €315,000
- Profit (loss) carried forward +€25,605
up €25,605 (+5.1%), from -€499,988 to -€474,383
- Short-term financial debts +€23,913
up €23,913 (+127,944%), from €19 to €23,931
- Other debts +€9,230
up €9,230 (+11.3%), from €81,570 to €90,800
- Accrued charges and deferred income +€2,783
new in 2025: €2,783
- Gross operating margin -€100,184
down €100,184 (-72.4%), from €138,312 to €38,128
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 | €13,194 | €30,943 | +€17,749 | +135% |
| Current assets | 29/58 | €13,194 | €30,943 | +€17,749 | +135% |
| Amounts receivable within one year | 40/41 | €869 | €30,868 | +€29,998 | +3,451% |
| Trade receivables | 40 | €0 | €30,716 | +€30,716 | |
| Other amounts receivable | 41 | €869 | €152 | -€717 | -82.5% |
| Cash at bank and in hand | 54/58 | €12,215 | €75 | -€12,139 | -99.4% |
| Deferred charges and accrued income | 490/1 | €110 | €0 | -€110 | -100% |
| Total equity and liabilities | 10/49 | €13,194 | €30,943 | +€17,749 | +135% |
| Equity | 10/15 | -€438,488 | -€412,883 | +€25,605 | +5.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,988 | -€474,383 | +€25,605 | +5.1% |
| Amounts payable | 17/49 | €451,682 | €443,826 | -€7,857 | -1.7% |
| Amounts payable after more than one year | 17 | €360,000 | €315,000 | -€45,000 | -12.5% |
| Financial debts | 170/4 | €360,000 | €315,000 | -€45,000 | -12.5% |
| Amounts payable within one year | 42/48 | €91,682 | €126,043 | +€34,361 | +37.5% |
| Financial debts | 43 | €19 | €23,931 | +€23,913 | +127,944% |
| Credit institutions | 430/8 | €19 | €23,931 | +€23,913 | +127,944% |
| Trade debts | 44 | €411 | €0 | -€411 | -100% |
| Suppliers | 440/4 | €411 | €0 | -€411 | -100% |
| Taxes, remuneration and social security | 45 | €9,683 | €11,311 | +€1,629 | +16.8% |
| Taxes | 450/3 | €9,683 | €11,311 | +€1,629 | +16.8% |
| Other amounts payable | 47/48 | €81,570 | €90,800 | +€9,230 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €2,783 | +€2,783 | |
| Non-recurring operating income | 76A | €837 | €0 | -€837 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €431 | €242 | -€189 | -43.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,312 | €38,128 | -€100,184 | -72.4% |
| Operating profit (loss) | 9901 | €137,881 | €37,886 | -€99,995 | -72.5% |
| Financial income | 75/76B | €16 | €0 | -€16 | -98.8% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -98.8% |
| Financial charges | 65/66B | €13,552 | €12,281 | -€1,271 | -9.4% |
| Recurring financial charges | 65 | €13,552 | €12,281 | -€1,271 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €124,346 | €25,605 | -€98,740 | -79.4% |
| Profit (loss) for the period | 9904 | €124,346 | €25,605 | -€98,740 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,346 | €25,605 | -€98,740 | -79.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.