Nicolas Crutzen: 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.
Nicolas Crutzen
Largest movements
- Cash +€33,235
up €33,235 (+22.2%), from €149,432 to €182,667
mainly Net result for the year (+€59,383) and Trade debts (+€2,498)
- Receivables within one year +€12,572
up €12,572 (+3,742%), from €336 to €12,908
- Profit (loss) carried forward +€59,383
up €59,383 (+53.2%), from €111,566 to €170,949
- Tax, wage and social debts -€17,373
down €17,373 (-50.4%), from €34,497 to €17,124
- Trade debts +€2,498
new in 2025: €2,498
- Gross operating margin -€68,434
down €68,434 (-47.8%), from €143,199 to €74,765
- Purchases and services -€58,687
no longer reported in 2025 (was €58,687)
- Turnover -€56,151
no longer reported in 2025 (was €56,151)
- Taxes -€15,949
down €15,949 (-51.3%), from €31,070 to €15,121
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 | €149,783 | €195,575 | +€45,792 | +30.6% |
| Current assets | 29/58 | €149,783 | €195,575 | +€45,792 | +30.6% |
| Amounts receivable within one year | 40/41 | €336 | €12,908 | +€12,572 | +3,742% |
| Trade receivables | 40 | €336 | €12,908 | +€12,572 | +3,742% |
| Cash at bank and in hand | 54/58 | €149,432 | €182,667 | +€33,235 | +22.2% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €149,783 | €195,575 | +€45,792 | +30.6% |
| Equity | 10/15 | €112,566 | €171,949 | +€59,383 | +52.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,566 | €170,949 | +€59,383 | +53.2% |
| Amounts payable | 17/49 | €37,217 | €23,626 | -€13,591 | -36.5% |
| Amounts payable within one year | 42/48 | €35,856 | €21,861 | -€13,995 | -39.0% |
| Trade debts | 44 | - | €2,498 | +€2,498 | |
| Suppliers | 440/4 | - | €2,498 | +€2,498 | |
| Taxes, remuneration and social security | 45 | €34,497 | €17,124 | -€17,373 | -50.4% |
| Taxes | 450/3 | €34,497 | €17,124 | -€17,373 | -50.4% |
| Other amounts payable | 47/48 | €1,359 | €2,239 | +€880 | +64.8% |
| Accrued charges and deferred income | 492/3 | €1,361 | €1,765 | +€404 | +29.7% |
| Turnover | 70 | €56,151 | - | -€56,151 | |
| Goods, raw materials, services and sundry goods | 60/61 | €58,687 | - | -€58,687 | |
| Other operating charges | 640/8 | €378 | - | -€378 | |
| Gross operating margin | 9900 | €143,199 | €74,765 | -€68,434 | -47.8% |
| Operating profit (loss) | 9901 | €142,821 | €74,765 | -€68,056 | -47.7% |
| Financial charges | 65/66B | €185 | €261 | +€76 | +41.1% |
| Recurring financial charges | 65 | €185 | €261 | +€76 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €142,636 | €74,504 | -€68,132 | -47.8% |
| Income taxes | 67/77 | €31,070 | €15,121 | -€15,949 | -51.3% |
| Profit (loss) for the period | 9904 | €111,566 | €59,383 | -€52,183 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,566 | €59,383 | -€52,183 | -46.8% |
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 18 October 2026 via checked.be.