PROJECT CRISTAL: 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.
PROJECT CRISTAL
Largest movements
- Cash +€25,726
up €25,726 (+391%), from €6,581 to €32,307
mainly Net result for the year (+€12,945) and Receivables within one year (+€8,805)
- Receivables within one year -€8,805
down €8,805 (-71.0%), from €12,402 to €3,598
of which Trade receivables: -€9,528
- Stocks and contracts -€1,876
down €1,876 (-48.0%), from €3,905 to €2,029
- Reserves +€53,290
up €53,290 (+323%), from €16,500 to €69,790
of which Distributable reserves: +€53,290
- Profit (loss) carried forward -€40,345
down €40,345 (-100%), from €40,345 to €0
- Tax, wage and social debts +€1,791
up €1,791 (+322%), from €556 to €2,347
- Gross operating margin +€26,694
up €26,694, from -€9,320 to €17,374
- Taxes +€1,417
up €1,417 (+152%), from €930 to €2,347
- Depreciation +€322
up €322 (+18.1%), from €1,778 to €2,100
- Other operating charges +€212
up €212 (+180%), from €118 to €330
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 | €61,564 | €76,333 | +€14,769 | +24.0% |
| Fixed assets | 21/28 | €7,175 | €6,899 | -€276 | -3.8% |
| Tangible fixed assets | 22/27 | €7,175 | €6,899 | -€276 | -3.8% |
| Plant, machinery and equipment | 23 | €7,175 | €6,899 | -€276 | -3.8% |
| Current assets | 29/58 | €54,389 | €69,433 | +€15,045 | +27.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,905 | €2,029 | -€1,876 | -48.0% |
| Stocks | 30/36 | €3,905 | €2,029 | -€1,876 | -48.0% |
| Amounts receivable within one year | 40/41 | €12,402 | €3,598 | -€8,805 | -71.0% |
| Trade receivables | 40 | €12,297 | €2,769 | -€9,528 | -77.5% |
| Other amounts receivable | 41 | €105 | €828 | +€723 | +689% |
| Current investments | 50/53 | €16,500 | €16,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,581 | €32,307 | +€25,726 | +391% |
| Total equity and liabilities | 10/49 | €61,564 | €76,333 | +€14,769 | +24.0% |
| Equity | 10/15 | €60,845 | €73,790 | +€12,945 | +21.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €69,790 | +€53,290 | +323% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Own shares acquired | 1312 | €16,500 | - | -€16,500 | |
| Other | 1319 | - | €16,500 | +€16,500 | |
| Distributable reserves | 133 | - | €53,290 | +€53,290 | |
| Profit (loss) carried forward | 14 | €40,345 | €0 | -€40,345 | -100% |
| Amounts payable | 17/49 | €719 | €2,543 | +€1,823 | +253% |
| Amounts payable within one year | 42/48 | €719 | €2,543 | +€1,823 | +253% |
| Trade debts | 44 | €163 | €196 | +€33 | +20.1% |
| Suppliers | 440/4 | €163 | €196 | +€33 | +20.1% |
| Taxes, remuneration and social security | 45 | €556 | €2,347 | +€1,791 | +322% |
| Taxes | 450/3 | €556 | €2,347 | +€1,791 | +322% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,778 | €2,100 | +€322 | +18.1% |
| Other operating charges | 640/8 | €118 | €330 | +€212 | +180% |
| Gross operating margin | 9900 | -€9,320 | €17,374 | +€26,694 | |
| Operating profit (loss) | 9901 | -€11,216 | €14,943 | +€26,159 | |
| Financial income | 75/76B | €413 | €450 | +€37 | +9.1% |
| Recurring financial income | 75 | €413 | €450 | +€37 | +9.1% |
| Financial charges | 65/66B | €65 | €101 | +€37 | +56.8% |
| Recurring financial charges | 65 | €65 | €101 | +€37 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,868 | €15,292 | +€26,160 | |
| Income taxes | 67/77 | €930 | €2,347 | +€1,417 | +152% |
| Profit (loss) for the period | 9904 | -€11,798 | €12,945 | +€24,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,798 | €12,945 | +€24,743 |
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 16 October 2026 via checked.be.