FIRMA CRISPYN: 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
FIRMA CRISPYN
NACE 46.630, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€425,530
2024 · €1.5m-€1.1m
Equity
€4.0m
2024 · €3.5m+€425,530
Cash
€553,954
2024 · €606,973-€53,019
Balance sheet total
€8.1m
2024 · €7.9m+€267,733
Largest movements
Assets
- Receivables within one year +€434,904
up €434,904 (+100%), from €434,178 to €869,083
of which Trade receivables: +€483,999
Equity and liabilities
- Reserves +€425,530
up €425,530 (+12.1%), from €3.5m to €3.9m
of which Distributable reserves: +€461,763
- Debts after one year -€194,370
down €194,370 (-6.9%), from €2.8m to €2.6m
Income statement
- Gross operating margin -€1.2m
down €1.2m (-47.0%), from €2.6m to €1.4m
- Depreciation +€145,433
up €145,433 (+183%), from €79,264 to €224,697
- Taxes +€42,299
up €42,299 (+30.6%), from €138,306 to €180,605
- Financial charges -€31,983
down €31,983 (-19.4%), from €165,162 to €133,179
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
€1.5m
Gross operating margin
-€1.2m
Staff costs
-€6,389
Depreciation
-€145,433
Other operating charges
-€4,269
Financial income
-€69
Financial charges
+€31,983
Taxes
-€42,299
Deferred taxes and other
+€312,962
Result 2025
€425,530
raises the resultlowers the resultnot broken down further in the accounts
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
+€301,072
Investment
-€170,235
Financing
-€183,855
Cash 2024
€606,973
From operations (derived)
+€301,072
Net result for the year
+€425,530
Depreciation
+€224,697
Stocks and contracts
+€65,723
Receivables within one year
-€434,904
Deferred charges and accrued income
-€6,032
Provisions
-€12,078
Trade debts
-€13,288
Tax, wage and social debts
+€73,799
Advances received
+€8,988
Other debts
-€31,363
Investment (derived)
-€170,235
Investment in fixed assets (net)
-€170,235
Financing
-€183,855
Debts after one year
-€194,370
Current portion of long-term debt
+€10,515
Cash 2025
€553,954
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,862,845 | €8,130,577 | +€267,733 | +3.4% |
| Fixed assets | 21/28 | €5,103,915 | €5,049,453 | -€54,462 | -1.1% |
| Intangible fixed assets | 21 | €7,094 | €19,205 | +€12,111 | +171% |
| Tangible fixed assets | 22/27 | €5,058,194 | €4,991,621 | -€66,572 | -1.3% |
| Land and buildings | 22 | €4,848,753 | €4,784,171 | -€64,582 | -1.3% |
| Plant, machinery and equipment | 23 | €146,725 | €129,532 | -€17,193 | -11.7% |
| Furniture and vehicles | 24 | €62,715 | €77,918 | +€15,203 | +24.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €38,627 | €38,627 | = | 0.0% |
| Current assets | 29/58 | €2,758,930 | €3,081,124 | +€322,194 | +11.7% |
| Stocks and contracts in progress | 3 | €1,707,574 | €1,641,850 | -€65,723 | -3.8% |
| Stocks | 30/36 | €1,707,574 | €1,641,850 | -€65,723 | -3.8% |
| Amounts receivable within one year | 40/41 | €434,178 | €869,083 | +€434,904 | +100% |
| Trade receivables | 40 | €376,783 | €860,782 | +€483,999 | +128% |
| Other amounts receivable | 41 | €57,395 | €8,300 | -€49,095 | -85.5% |
| Cash at bank and in hand | 54/58 | €606,973 | €553,954 | -€53,019 | -8.7% |
| Deferred charges and accrued income | 490/1 | €10,205 | €16,237 | +€6,032 | +59.1% |
| Total equity and liabilities | 10/49 | €7,862,845 | €8,130,577 | +€267,733 | +3.4% |
| Equity | 10/15 | €3,538,802 | €3,964,332 | +€425,530 | +12.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,518,802 | €3,944,332 | +€425,530 | +12.1% |
| Tax-exempt reserves | 132 | €902,652 | €866,420 | -€36,233 | -4.0% |
| Distributable reserves | 133 | €2,616,149 | €3,077,912 | +€461,763 | +17.7% |
| Provisions and deferred taxes | 16 | €300,884 | €288,807 | -€12,078 | -4.0% |
| Deferred taxes | 168 | €300,884 | €288,807 | -€12,078 | -4.0% |
| Amounts payable | 17/49 | €4,023,159 | €3,877,439 | -€145,720 | -3.6% |
| Amounts payable after more than one year | 17 | €2,805,187 | €2,610,817 | -€194,370 | -6.9% |
| Financial debts | 170/4 | €2,805,187 | €2,610,817 | -€194,370 | -6.9% |
| Amounts payable within one year | 42/48 | €1,217,972 | €1,266,622 | +€48,650 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €183,855 | €194,370 | +€10,515 | +5.7% |
| Trade debts | 44 | €191,070 | €177,782 | -€13,288 | -7.0% |
| Suppliers | 440/4 | €191,070 | €177,782 | -€13,288 | -7.0% |
| Advances received on contracts in progress | 46 | €14,550 | €23,538 | +€8,988 | +61.8% |
| Taxes, remuneration and social security | 45 | €172,659 | €246,458 | +€73,799 | +42.7% |
| Taxes | 450/3 | €128,791 | €186,697 | +€57,906 | +45.0% |
| Remuneration and social security | 454/9 | €43,868 | €59,761 | +€15,892 | +36.2% |
| Other amounts payable | 47/48 | €655,837 | €624,474 | -€31,363 | -4.8% |
| Non-recurring operating income | 76A | €1,207,759 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €381,655 | €388,045 | +€6,389 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,264 | €224,697 | +€145,433 | +183% |
| Other operating charges | 640/8 | €54,132 | €58,401 | +€4,269 | +7.9% |
| Gross operating margin | 9900 | €2,604,568 | €1,380,252 | -€1.2m | -47.0% |
| Operating profit (loss) | 9901 | €2,089,518 | €709,109 | -€1.4m | -66.1% |
| Financial income | 75/76B | €18,197 | €18,128 | -€69 | -0.4% |
| Recurring financial income | 75 | €18,197 | €18,128 | -€69 | -0.4% |
| Financial charges | 65/66B | €165,162 | €133,179 | -€31,983 | -19.4% |
| Recurring financial charges | 65 | €165,162 | €133,179 | -€31,983 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €1,942,552 | €594,058 | -€1.3m | -69.4% |
| Transfer from deferred taxes | 780 | €1,055 | €12,078 | +€11,022 | +1,044% |
| Transfer to deferred taxes | 680 | €301,940 | - | -€301,940 | |
| Income taxes | 67/77 | €138,306 | €180,605 | +€42,299 | +30.6% |
| Profit (loss) for the period | 9904 | €1,503,361 | €425,530 | -€1.1m | -71.7% |
| Transfer from tax-exempt reserves | 789 | €3,166 | €36,233 | +€33,066 | +1,044% |
| Transfer to tax-exempt reserves | 689 | €905,819 | - | -€905,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €600,709 | €461,763 | -€138,946 | -23.1% |
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 20 October 2026 via checked.be.