J.P. CRUCKE: what changed
What changed
J.P. CRUCKE
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€170,813
2024 · -€176,551+€5,738
Equity
-€1.4m
2024 · -€1.2m-€170,813
Cash
€14,667
2024 · €11,674+€2,994
Balance sheet total
€2.9m
2024 · €3.1m-€113,728
Largest movements
Assets
- Tangible fixed assets -€104,280
down €104,280 (-3.5%), from €3.0m to €2.9m
Equity and liabilities
- Debts after one year +€3.8m
new in 2025: €3.8m
- Other debts -€3.6m
no longer reported in 2025 (was €3.6m)
- Profit (loss) carried forward -€170,813
down €170,813 (-13.5%), from -€1.3m to -€1.4m
- Short-term financial debts -€65,326
down €65,326 (-11.2%), from €581,427 to €516,102
Income statement
- Other operating charges -€19,304
down €19,304 (-71.8%), from €26,903 to €7,599
- Gross operating margin -€16,697
down €16,697 (-49.4%), from €33,772 to €17,075
- Depreciation -€2,614
down €2,614 (-2.1%), from €121,968 to €119,355
- Financial charges -€567
down €567 (-0.9%), from €61,661 to €61,094
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€176,551
Gross operating margin
-€16,697
Depreciation
+€2,614
Other operating charges
+€19,304
Financial income
-€50
Financial charges
+€567
Result 2025
-€170,813
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.7m
Investment
€0
Financing
+€3.7m
Cash 2024
€11,674
From operations (derived)
-€3.7m
Net result for the year
-€170,813
Depreciation
+€119,355
Receivables after one year
-€15,927
Receivables within one year
+€17,189
Smaller working-capital items
-€18,445
Other debts
-€3.6m
Financing
+€3.7m
Debts after one year
+€3.8m
Short-term financial debts
-€65,326
Cash 2025
€14,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,063,455 | €2,949,727 | -€113,728 | -3.7% |
| Fixed assets | 21/28 | €3,019,102 | €2,899,747 | -€119,355 | -4.0% |
| Intangible fixed assets | 21 | €36,365 | €21,290 | -€15,075 | -41.5% |
| Tangible fixed assets | 22/27 | €2,981,987 | €2,877,707 | -€104,280 | -3.5% |
| Land and buildings | 22 | €2,981,987 | €2,877,707 | -€104,280 | -3.5% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €44,353 | €49,979 | +€5,627 | +12.7% |
| Amounts receivable after more than one year | 29 | - | €15,927 | +€15,927 | |
| Other amounts receivable | 291 | - | €15,927 | +€15,927 | |
| Amounts receivable within one year | 40/41 | €31,510 | €14,321 | -€17,189 | -54.6% |
| Trade receivables | 40 | €8,476 | €2,332 | -€6,144 | -72.5% |
| Other amounts receivable | 41 | €23,034 | €11,989 | -€11,045 | -47.9% |
| Cash at bank and in hand | 54/58 | €11,674 | €14,667 | +€2,994 | +25.6% |
| Deferred charges and accrued income | 490/1 | €1,170 | €5,064 | +€3,894 | +333% |
| Total equity and liabilities | 10/49 | €3,063,455 | €2,949,727 | -€113,728 | -3.7% |
| Equity | 10/15 | -€1,193,351 | -€1,364,165 | -€170,813 | -14.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,261,551 | -€1,432,365 | -€170,813 | -13.5% |
| Amounts payable | 17/49 | €4,256,806 | €4,313,891 | +€57,085 | +1.3% |
| Amounts payable after more than one year | 17 | - | €3,782,380 | +€3.8m | |
| Other amounts payable | 178/9 | - | €3,782,380 | +€3.8m | |
| Amounts payable within one year | 42/48 | €4,256,806 | €531,511 | -€3.7m | -87.5% |
| Financial debts | 43 | €581,427 | €516,102 | -€65,326 | -11.2% |
| Credit institutions | 430/8 | €581,427 | €516,102 | -€65,326 | -11.2% |
| Trade debts | 44 | €15,988 | €8,515 | -€7,473 | -46.7% |
| Suppliers | 440/4 | €15,988 | €8,515 | -€7,473 | -46.7% |
| Taxes, remuneration and social security | 45 | €13,972 | €6,894 | -€7,077 | -50.7% |
| Taxes | 450/3 | €13,972 | €6,894 | -€7,077 | -50.7% |
| Other amounts payable | 47/48 | €3,645,419 | - | -€3.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,968 | €119,355 | -€2,614 | -2.1% |
| Other operating charges | 640/8 | €26,903 | €7,599 | -€19,304 | -71.8% |
| Gross operating margin | 9900 | €33,772 | €17,075 | -€16,697 | -49.4% |
| Operating profit (loss) | 9901 | -€115,099 | -€109,878 | +€5,221 | +4.5% |
| Financial income | 75/76B | €209 | €159 | -€50 | -24.0% |
| Recurring financial income | 75 | €209 | €159 | -€50 | -24.0% |
| Financial charges | 65/66B | €61,661 | €61,094 | -€567 | -0.9% |
| Recurring financial charges | 65 | €61,661 | €61,094 | -€567 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€176,551 | -€170,813 | +€5,738 | +3.2% |
| Profit (loss) for the period | 9904 | -€176,551 | -€170,813 | +€5,738 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,551 | -€170,813 | +€5,738 | +3.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.