CREA: what changed
Two fiscal 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.
CREA
Largest movements
- Receivables within one year +€28,666
up €28,666 (+45.0%), from €63,748 to €92,415
of which Other amounts receivable: +€19,166
- Cash -€15,373
down €15,373 (-24.4%), from €62,998 to €47,625
mainly Receivables within one year (-€28,666) and Tax, wage and social debts (-€3,178)
- Reserves +€15,823
up €15,823 (+6.3%), from €251,544 to €267,368
- Tax, wage and social debts -€3,178
down €3,178 (-30.2%), from €10,528 to €7,350
of which Taxes: -€3,594
- Gross operating margin +€21,364
up €21,364, from -€2,695 to €18,668
- Taxes +€5,518
up €5,518 (+204.6%), from €2,696 to €8,215
- Other operating charges +€1,512
up €1,512 (+390.5%), from €387 to €1,900
- Financial income -€397
down €397 (-4.6%), from €8,712 to €8,315
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,502 | €290,859 | +€12,357 | +4.4% |
| Fixed assets | 21/28 | €1,452 | €544 | -€908 | -62.5% |
| Tangible fixed assets | 22/27 | €1,452 | €544 | -€908 | -62.5% |
| Plant, machinery and equipment | 23 | €350 | €204 | -€146 | -41.8% |
| Furniture and vehicles | 24 | €1,102 | €340 | -€762 | -69.1% |
| Current assets | 29/58 | €277,050 | €290,315 | +€13,265 | +4.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,748 | €92,415 | +€28,666 | +45.0% |
| Trade receivables | 40 | €17,377 | €26,877 | +€9,500 | +54.7% |
| Other amounts receivable | 41 | €46,371 | €65,537 | +€19,166 | +41.3% |
| Cash at bank and in hand | 54/58 | €62,998 | €47,625 | -€15,373 | -24.4% |
| Deferred charges and accrued income | 490/1 | €303 | €275 | -€28 | -9.1% |
| Total equity and liabilities | 10/49 | €278,502 | €290,859 | +€12,357 | +4.4% |
| Equity | 10/15 | €267,657 | €283,481 | +€15,823 | +5.9% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €251,544 | €267,368 | +€15,823 | +6.3% |
| Distributable reserves | 133 | €251,544 | €267,368 | +€15,823 | +6.3% |
| Amounts payable | 17/49 | €10,844 | €7,378 | -€3,466 | -32.0% |
| Amounts payable within one year | 42/48 | €10,844 | €7,378 | -€3,466 | -32.0% |
| Trade debts | 44 | €316 | €28 | -€288 | -91.2% |
| Suppliers | 440/4 | €316 | €28 | -€288 | -91.2% |
| Taxes, remuneration and social security | 45 | €10,528 | €7,350 | -€3,178 | -30.2% |
| Taxes | 450/3 | €8,033 | €4,439 | -€3,594 | -44.7% |
| Remuneration and social security | 454/9 | €2,495 | €2,911 | +€416 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850 | €908 | +€58 | +6.8% |
| Other operating charges | 640/8 | €387 | €1,900 | +€1,512 | +390.5% |
| Gross operating margin | 9900 | -€2,695 | €18,668 | +€21,364 | |
| Operating profit (loss) | 9901 | -€3,933 | €15,861 | +€19,794 | |
| Financial income | 75/76B | €8,712 | €8,315 | -€397 | -4.6% |
| Recurring financial income | 75 | €8,712 | €8,315 | -€397 | -4.6% |
| Financial charges | 65/66B | €146 | €137 | -€9 | -6.2% |
| Recurring financial charges | 65 | €146 | €137 | -€9 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €4,632 | €24,038 | +€19,405 | +418.9% |
| Income taxes | 67/77 | €2,696 | €8,215 | +€5,518 | +204.6% |
| Profit (loss) for the period | 9904 | €1,936 | €15,823 | +€13,887 | +717.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,936 | €15,823 | +€13,887 | +717.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.