CRYSTAL - CORTENBERG: 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.
What changed
CRYSTAL - CORTENBERG
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · -€2.1m+€3.1m
Equity
€37.2m
2024 · €32.1m+€5.1m
Cash
€3.6m
2024 · €3.8m-€222,674
Balance sheet total
€46.0m
2024 · €42.3m+€3.7m
Largest movements
Assets
- Current investments -€5.0m
down €5.0m (-100%), from €5.0m to €0
- Tangible fixed assets +€3.9m
up €3.9m (+11.8%), from €33.2m to €37.2m
of which Land and buildings: +€7.2m
- Receivables within one year +€3.1m
up €3.1m (+1,335%), from €230,333 to €3.3m
of which Other amounts receivable: +€2.6m
- Receivables after one year +€2.0m
new in 2025: €2.0m
Equity and liabilities
- Contributions +€4.0m
up €4.0m (+11.1%), from €36.6m to €40.6m
- Trade debts -€2.8m
down €2.8m (-73.7%), from €3.8m to €991,294
- Provisions +€1.8m
new in 2025: €1.8m
- Profit (loss) carried forward +€1.0m
up €1.0m (+23.3%), from -€4.4m to -€3.4m
Income statement
- Gross operating margin +€4.7m
up €4.7m, from -€101,685 to €4.6m
- Provisions +€1.8m
new in 2025: €1.8m
- Financial charges -€593,056
down €593,056 (-74.8%), from €792,374 to €199,318
- Depreciation +€200,150
up €200,150 (+21.5%), from €930,709 to €1.1m
- Staff costs +€161,257
new in 2025: €161,257
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
-€2.1m
Gross operating margin
+€4.7m
Staff costs
-€161,257
Depreciation
-€200,150
Provisions
-€1.8m
Other operating charges
+€69,363
Financial income
-€41,388
Financial charges
+€593,056
Taxes
-€6,828
Result 2025
€1.0m
raises the resultlowers the result
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.
From operations
-€4.2m
Investment
-€64,126
Financing
+€4.0m
Cash 2024
€3.8m
From operations (derived)
-€4.2m
Net result for the year
+€1.0m
Depreciation
+€1.1m
Receivables after one year
-€2.0m
Smaller working-capital items
-€10,804
Receivables within one year
-€3.1m
Deferred charges and accrued income
+€62,584
Provisions
+€1.8m
Trade debts
-€2.8m
Tax, wage and social debts
-€341,029
Investment (derived)
-€64,126
Investment in fixed assets (net)
-€5.1m
Current investments
+€5.0m
Financing
+€4.0m
Debts after one year
+€1,071
Contributions, distributions and other
+€4.0m
Cash 2025
€3.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,305,445 | €46,036,671 | +€3.7m | +8.8% |
| Fixed assets | 21/28 | €33,230,327 | €37,163,593 | +€3.9m | +11.8% |
| Tangible fixed assets | 22/27 | €33,230,327 | €37,163,593 | +€3.9m | +11.8% |
| Land and buildings | 22 | €29,782,828 | €36,939,070 | +€7.2m | +24.0% |
| Plant, machinery and equipment | 23 | €672 | €214,391 | +€213,719 | +31,803% |
| Furniture and vehicles | 24 | - | €10,132 | +€10,132 | |
| Assets under construction and advance payments | 27 | €3,446,827 | €0 | -€3.4m | -100% |
| Current assets | 29/58 | €9,075,118 | €8,873,078 | -€202,040 | -2.2% |
| Amounts receivable after more than one year | 29 | - | €2,000,000 | +€2.0m | |
| Other amounts receivable | 291 | - | €2,000,000 | +€2.0m | |
| Stocks and contracts in progress | 3 | - | €8,183 | +€8,183 | |
| Stocks | 30/36 | - | €8,183 | +€8,183 | |
| Amounts receivable within one year | 40/41 | €230,333 | €3,305,369 | +€3.1m | +1,335% |
| Trade receivables | 40 | €220,494 | €735,495 | +€515,001 | +234% |
| Other amounts receivable | 41 | €9,839 | €2,569,874 | +€2.6m | +26,019% |
| Current investments | 50/53 | €5,000,000 | €0 | -€5.0m | -100% |
| Cash at bank and in hand | 54/58 | €3,781,172 | €3,558,497 | -€222,674 | -5.9% |
| Deferred charges and accrued income | 490/1 | €63,613 | €1,029 | -€62,584 | -98.4% |
| Total equity and liabilities | 10/49 | €42,305,445 | €46,036,671 | +€3.7m | +8.8% |
| Equity | 10/15 | €32,140,331 | €37,216,576 | +€5.1m | +15.8% |
| Contributions | 10/11 | €36,559,627 | €40,604,947 | +€4.0m | +11.1% |
| Capital | 10 | €36,559,627 | €40,604,947 | +€4.0m | +11.1% |
| Issued capital | 100 | €36,559,627 | €40,604,947 | +€4.0m | +11.1% |
| Reserves | 13 | €1,848 | €1,848 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,848 | €1,848 | = | 0.0% |
| Legal reserve | 130 | €1,848 | €1,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,421,144 | -€3,390,219 | +€1.0m | +23.3% |
| Provisions and deferred taxes | 16 | - | €1,772,000 | +€1.8m | |
| Provisions for liabilities and charges | 160/5 | - | €1,772,000 | +€1.8m | |
| Other liabilities and charges | 164/5 | - | €1,772,000 | +€1.8m | |
| Amounts payable | 17/49 | €10,165,114 | €7,048,095 | -€3.1m | -30.7% |
| Amounts payable after more than one year | 17 | €6,023,523 | €6,024,594 | +€1,071 | 0.0% |
| Other amounts payable | 178/9 | €6,023,523 | €6,024,594 | +€1,071 | 0.0% |
| Amounts payable within one year | 42/48 | €4,125,860 | €1,010,391 | -€3.1m | -75.5% |
| Trade debts | 44 | €3,765,735 | €991,294 | -€2.8m | -73.7% |
| Suppliers | 440/4 | €3,765,735 | €991,294 | -€2.8m | -73.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €360,125 | €19,097 | -€341,029 | -94.7% |
| Taxes | 450/3 | €360,125 | €4,140 | -€355,985 | -98.9% |
| Remuneration and social security | 454/9 | - | €14,956 | +€14,956 | |
| Accrued charges and deferred income | 492/3 | €15,732 | €13,110 | -€2,621 | -16.7% |
| Remuneration, social security and pensions | 62 | - | €161,257 | +€161,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930,709 | €1,130,859 | +€200,150 | +21.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,772,000 | +€1.8m | |
| Other operating charges | 640/8 | €324,881 | €255,519 | -€69,363 | -21.4% |
| Gross operating margin | 9900 | -€101,685 | €4,550,458 | +€4.7m | |
| Operating profit (loss) | 9901 | -€1,357,276 | €1,230,822 | +€2.6m | |
| Financial income | 75/76B | €47,638 | €6,250 | -€41,388 | -86.9% |
| Recurring financial income | 75 | €47,638 | €6,250 | -€41,388 | -86.9% |
| Financial charges | 65/66B | €792,374 | €199,318 | -€593,056 | -74.8% |
| Recurring financial charges | 65 | €792,374 | €199,318 | -€593,056 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,102,011 | €1,037,754 | +€3.1m | |
| Income taxes | 67/77 | €0 | €6,828 | +€6,828 | |
| Profit (loss) for the period | 9904 | -€2,102,011 | €1,030,925 | +€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,102,011 | €1,030,925 | +€3.1m |
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 15 October 2026 via checked.be.