The Crucx: 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.
The Crucx
Largest movements
- Receivables within one year +€45,756
up €45,756 (+15,317%), from €299 to €46,054
of which Other amounts receivable: +€29,663
- Cash +€33,768
up €33,768 (+38.2%), from €88,344 to €122,112
mainly Net result for the year (+€56,977) and Tax, wage and social debts (+€20,415)
- Deferred charges and accrued income -€4,654
down €4,654 (-92.5%), from €5,034 to €380
- Profit (loss) carried forward +€56,144
up €56,144 (+80.7%), from €69,593 to €125,737
- Tax, wage and social debts +€20,415
up €20,415 (+80.1%), from €25,500 to €45,915
- Gross operating margin -€16,505
down €16,505 (-18.3%), from €90,434 to €73,929
- Taxes -€3,348
down €3,348 (-17.8%), from €18,852 to €15,504
- Financial income +€957
new in 2025: €957
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 | €95,961 | €172,504 | +€76,543 | +79.8% |
| Fixed assets | 21/28 | €2,284 | €3,957 | +€1,673 | +73.3% |
| Tangible fixed assets | 22/27 | €2,284 | €3,957 | +€1,673 | +73.3% |
| Furniture and vehicles | 24 | €2,284 | €3,957 | +€1,673 | +73.3% |
| Current assets | 29/58 | €93,677 | €168,546 | +€74,869 | +79.9% |
| Amounts receivable within one year | 40/41 | €299 | €46,054 | +€45,756 | +15,317% |
| Trade receivables | 40 | - | €16,093 | +€16,093 | |
| Other amounts receivable | 41 | €299 | €29,961 | +€29,663 | +9,930% |
| Cash at bank and in hand | 54/58 | €88,344 | €122,112 | +€33,768 | +38.2% |
| Deferred charges and accrued income | 490/1 | €5,034 | €380 | -€4,654 | -92.5% |
| Total equity and liabilities | 10/49 | €95,961 | €172,504 | +€76,543 | +79.8% |
| Equity | 10/15 | €69,594 | €125,738 | +€56,144 | +80.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,593 | €125,737 | +€56,144 | +80.7% |
| Amounts payable | 17/49 | €26,367 | €46,766 | +€20,399 | +77.4% |
| Amounts payable within one year | 42/48 | €26,367 | €46,766 | +€20,399 | +77.4% |
| Trade debts | 44 | €8 | €18 | +€10 | +117% |
| Suppliers | 440/4 | €8 | €18 | +€10 | +117% |
| Taxes, remuneration and social security | 45 | €25,500 | €45,915 | +€20,415 | +80.1% |
| Taxes | 450/3 | €25,500 | €45,915 | +€20,415 | +80.1% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | €1,774 | +€765 | +75.7% |
| Other operating charges | 640/8 | €118 | €474 | +€356 | +302% |
| Gross operating margin | 9900 | €90,434 | €73,929 | -€16,505 | -18.3% |
| Operating profit (loss) | 9901 | €89,306 | €71,680 | -€17,626 | -19.7% |
| Financial income | 75/76B | - | €957 | +€957 | |
| Recurring financial income | 75 | - | €957 | +€957 | |
| Financial charges | 65/66B | €2 | €157 | +€155 | +7,162% |
| Recurring financial charges | 65 | €2 | €157 | +€155 | +7,162% |
| Profit (loss) for the period before taxes | 9903 | €89,304 | €72,481 | -€16,823 | -18.8% |
| Income taxes | 67/77 | €18,852 | €15,504 | -€3,348 | -17.8% |
| Profit (loss) for the period | 9904 | €70,452 | €56,977 | -€13,475 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,452 | €56,977 | -€13,475 | -19.1% |
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 18 October 2026 via checked.be.