123 Créa: 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.
123 Créa
Largest movements
- Cash +€24,027
up €24,027 (+28.0%), from €85,852 to €109,879
mainly Other debts (+€83,399) and Depreciation (+€27,093)
- Intangible fixed assets -€17,604
down €17,604 (-13.2%), from €133,283 to €115,679
- Stocks and contracts -€12,597
down €12,597 (-6.8%), from €185,449 to €172,852
- Deferred charges and accrued income -€6,977
down €6,977 (-55.2%), from €12,638 to €5,661
- Tangible fixed assets -€6,077
down €6,077 (-19.1%), from €31,804 to €25,728
of which Other tangible fixed assets: -€6,984
- Other debts +€83,399
up €83,399 (+34.0%), from €245,009 to €328,408
- Profit (loss) carried forward -€53,258
down €53,258 (-812%), from -€6,560 to -€59,818
- Debts after one year -€39,920
down €39,920 (-55.6%), from €71,741 to €31,821
- Trade debts -€20,043
down €20,043 (-63.9%), from €31,364 to €11,321
- Accrued charges and deferred income +€13,138
up €13,138 (+918,712%), from €1 to €13,139
- Gross operating margin -€38,072
down €38,072 (-31.2%), from €121,913 to €83,841
- Financial charges +€9,004
up €9,004 (+44.8%), from €20,098 to €29,102
- Depreciation +€5,124
up €5,124 (+23.3%), from €21,970 to €27,093
- Other operating charges -€1,967
down €1,967 (-72.5%), from €2,711 to €744
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 | €472,155 | €448,702 | -€23,453 | -5.0% |
| Fixed assets | 21/28 | €172,087 | €148,406 | -€23,681 | -13.8% |
| Intangible fixed assets | 21 | €133,283 | €115,679 | -€17,604 | -13.2% |
| Tangible fixed assets | 22/27 | €31,804 | €25,728 | -€6,077 | -19.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,885 | €5,792 | +€908 | +18.6% |
| Other tangible fixed assets | 26 | €26,920 | €19,935 | -€6,984 | -25.9% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €300,068 | €300,296 | +€228 | +0.1% |
| Stocks and contracts in progress | 3 | €185,449 | €172,852 | -€12,597 | -6.8% |
| Stocks | 30/36 | €185,449 | €172,852 | -€12,597 | -6.8% |
| Amounts receivable within one year | 40/41 | €16,129 | €11,904 | -€4,225 | -26.2% |
| Trade receivables | 40 | €7,375 | €2,364 | -€5,011 | -67.9% |
| Other amounts receivable | 41 | €8,754 | €9,540 | +€785 | +9.0% |
| Cash at bank and in hand | 54/58 | €85,852 | €109,879 | +€24,027 | +28.0% |
| Deferred charges and accrued income | 490/1 | €12,638 | €5,661 | -€6,977 | -55.2% |
| Total equity and liabilities | 10/49 | €472,155 | €448,702 | -€23,453 | -5.0% |
| Equity | 10/15 | €38,440 | -€14,818 | -€53,258 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,560 | -€59,818 | -€53,258 | -812% |
| Amounts payable | 17/49 | €433,715 | €463,520 | +€29,805 | +6.9% |
| Amounts payable after more than one year | 17 | €71,741 | €31,821 | -€39,920 | -55.6% |
| Financial debts | 170/4 | €71,741 | €31,821 | -€39,920 | -55.6% |
| Amounts payable within one year | 42/48 | €361,972 | €418,559 | +€56,588 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €43,160 | €39,920 | -€3,240 | -7.5% |
| Financial debts | 43 | - | €252 | +€252 | |
| Credit institutions | 430/8 | - | €252 | +€252 | |
| Trade debts | 44 | €31,364 | €11,321 | -€20,043 | -63.9% |
| Suppliers | 440/4 | €31,364 | €11,321 | -€20,043 | -63.9% |
| Taxes, remuneration and social security | 45 | €42,439 | €38,659 | -€3,780 | -8.9% |
| Taxes | 450/3 | €25,601 | €23,915 | -€1,686 | -6.6% |
| Remuneration and social security | 454/9 | €16,838 | €14,745 | -€2,093 | -12.4% |
| Other amounts payable | 47/48 | €245,009 | €328,408 | +€83,399 | +34.0% |
| Accrued charges and deferred income | 492/3 | €1 | €13,139 | +€13,138 | +918,712% |
| Remuneration, social security and pensions | 62 | €81,822 | €81,136 | -€685 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,970 | €27,093 | +€5,124 | +23.3% |
| Other operating charges | 640/8 | €2,711 | €744 | -€1,967 | -72.5% |
| Gross operating margin | 9900 | €121,913 | €83,841 | -€38,072 | -31.2% |
| Operating profit (loss) | 9901 | €15,410 | -€25,133 | -€40,543 | |
| Financial income | 75/76B | €768 | €977 | +€209 | +27.2% |
| Recurring financial income | 75 | €768 | €977 | +€209 | +27.2% |
| Financial charges | 65/66B | €20,098 | €29,102 | +€9,004 | +44.8% |
| Recurring financial charges | 65 | €20,098 | €29,102 | +€9,004 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,920 | -€53,258 | -€49,338 | -1,258% |
| Income taxes | 67/77 | -€4 | €0 | +€4 | |
| Profit (loss) for the period | 9904 | -€3,916 | -€53,258 | -€49,342 | -1,260% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,916 | -€53,258 | -€49,342 | -1,260% |
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 21 October 2026 via checked.be.