Nicolas de Crombrugghe: 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 de Crombrugghe
Largest movements
- Current investments -€215,979
down €215,979 (-10.9%), from €2.0m to €1.8m
- Cash +€142,588
up €142,588 (+46.0%), from €310,097 to €452,685
mainly Current investments (+€215,979) and Net result for the year (+€121,340)
- Tax, wage and social debts -€206,468
down €206,468 (-92.4%), from €223,466 to €16,998
- Reserves +€121,340
up €121,340 (+5.7%), from €2.1m to €2.3m
- Gross operating margin -€636,635
down €636,635 (-82.4%), from €772,482 to €135,846
- Taxes -€232,237
down €232,237 (-82.0%), from €283,341 to €51,104
- Financial income +€30,702
up €30,702 (+101%), from €30,264 to €60,966
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 | €2,373,537 | €2,284,736 | -€88,801 | -3.7% |
| Fixed assets | 21/28 | €62,747 | €58,546 | -€4,201 | -6.7% |
| Tangible fixed assets | 22/27 | €60,247 | €58,546 | -€1,701 | -2.8% |
| Plant, machinery and equipment | 23 | €1,662 | €3,783 | +€2,121 | +128% |
| Furniture and vehicles | 24 | €5,146 | €2,297 | -€2,849 | -55.4% |
| Other tangible fixed assets | 26 | €53,440 | €52,467 | -€973 | -1.8% |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €2,310,790 | €2,226,190 | -€84,600 | -3.7% |
| Amounts receivable within one year | 40/41 | €20,582 | €9,037 | -€11,545 | -56.1% |
| Other amounts receivable | 41 | €20,582 | €9,037 | -€11,545 | -56.1% |
| Current investments | 50/53 | €1,978,940 | €1,762,962 | -€215,979 | -10.9% |
| Cash at bank and in hand | 54/58 | €310,097 | €452,685 | +€142,588 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,170 | €1,507 | +€337 | +28.8% |
| Total equity and liabilities | 10/49 | €2,373,537 | €2,284,736 | -€88,801 | -3.7% |
| Equity | 10/15 | €2,142,884 | €2,264,224 | +€121,340 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,130,484 | €2,251,824 | +€121,340 | +5.7% |
| Distributable reserves | 133 | €2,130,484 | €2,251,824 | +€121,340 | +5.7% |
| Amounts payable | 17/49 | €230,653 | €20,512 | -€210,141 | -91.1% |
| Amounts payable within one year | 42/48 | €230,653 | €20,512 | -€210,141 | -91.1% |
| Trade debts | 44 | €7,187 | €3,514 | -€3,673 | -51.1% |
| Suppliers | 440/4 | €7,187 | €3,514 | -€3,673 | -51.1% |
| Taxes, remuneration and social security | 45 | €223,466 | €16,998 | -€206,468 | -92.4% |
| Taxes | 450/3 | €223,466 | €16,998 | -€206,468 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,569 | €4,926 | +€357 | +7.8% |
| Other operating charges | 640/8 | €2,959 | €9,544 | +€6,585 | +222% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €772,482 | €135,846 | -€636,635 | -82.4% |
| Operating profit (loss) | 9901 | €764,953 | €121,247 | -€643,706 | -84.1% |
| Financial income | 75/76B | €30,264 | €60,966 | +€30,702 | +101% |
| Recurring financial income | 75 | €30,264 | €60,966 | +€30,702 | +101% |
| Financial charges | 65/66B | €4,943 | €9,769 | +€4,826 | +97.6% |
| Recurring financial charges | 65 | €4,943 | €9,769 | +€4,826 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €790,274 | €172,445 | -€617,829 | -78.2% |
| Income taxes | 67/77 | €283,341 | €51,104 | -€232,237 | -82.0% |
| Profit (loss) for the period | 9904 | €506,933 | €121,340 | -€385,593 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €506,933 | €121,340 | -€385,593 | -76.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.