CREA +: 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.
CREA +
Largest movements
- Tangible fixed assets -€18,052
down €18,052 (-22.9%), from €78,921 to €60,869
of which Plant, machinery and equipment: -€12,050
- Cash -€8,560
down €8,560 (-20.9%), from €40,949 to €32,389
mainly Contributions, distributions and other (-€15,999) and Other debts (-€7,873)
- Receivables within one year -€5,178
down €5,178 (-59.3%), from €8,727 to €3,549
of which Trade receivables: -€4,296
- Profit (loss) carried forward -€21,186
down €21,186 (-44.3%), from €47,781 to €26,595
- Other debts -€7,873
down €7,873 (-28.5%), from €27,654 to €19,781
- Trade debts -€2,731
down €2,731 (-77.8%), from €3,511 to €780
- Gross operating margin -€9,016
down €9,016 (-34.0%), from €26,533 to €17,517
- Taxes +€3,508
up €3,508 (+969.1%), from €362 to €3,870
- Depreciation -€2,657
down €2,657 (-13.5%), from €19,656 to €16,999
- Other operating charges -€921
down €921 (-35.0%), from €2,635 to €1,714
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.
Cash bridge derived
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 | €128,597 | €96,807 | -€31,790 | -24.7% |
| Fixed assets | 21/28 | €78,921 | €60,869 | -€18,052 | -22.9% |
| Tangible fixed assets | 22/27 | €78,921 | €60,869 | -€18,052 | -22.9% |
| Land and buildings | 22 | €26,649 | €26,649 | = | 0.0% |
| Plant, machinery and equipment | 23 | €29,104 | €17,054 | -€12,050 | -41.4% |
| Furniture and vehicles | 24 | €23,168 | €17,166 | -€6,002 | -25.9% |
| Current assets | 29/58 | €49,676 | €35,938 | -€13,738 | -27.7% |
| Amounts receivable within one year | 40/41 | €8,727 | €3,549 | -€5,178 | -59.3% |
| Trade receivables | 40 | €6,900 | €2,604 | -€4,296 | -62.3% |
| Other amounts receivable | 41 | €1,827 | €945 | -€882 | -48.3% |
| Cash at bank and in hand | 54/58 | €40,949 | €32,389 | -€8,560 | -20.9% |
| Total equity and liabilities | 10/49 | €128,597 | €96,807 | -€31,790 | -24.7% |
| Equity | 10/15 | €97,432 | €76,246 | -€21,186 | -21.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,059 | €31,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,781 | €26,595 | -€21,186 | -44.3% |
| Amounts payable | 17/49 | €31,165 | €20,561 | -€10,604 | -34.0% |
| Amounts payable within one year | 42/48 | €31,165 | €20,561 | -€10,604 | -34.0% |
| Trade debts | 44 | €3,511 | €780 | -€2,731 | -77.8% |
| Suppliers | 440/4 | €3,511 | €780 | -€2,731 | -77.8% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €27,654 | €19,781 | -€7,873 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,656 | €16,999 | -€2,657 | -13.5% |
| Other operating charges | 640/8 | €2,635 | €1,714 | -€921 | -35.0% |
| Non-recurring operating charges | 66A | €15,064 | €0 | -€15,064 | -100.0% |
| Gross operating margin | 9900 | €26,533 | €17,517 | -€9,016 | -34.0% |
| Operating profit (loss) | 9901 | -€10,822 | -€1,196 | +€9,626 | +88.9% |
| Financial charges | 65/66B | €41 | €121 | +€80 | +195.1% |
| Recurring financial charges | 65 | €41 | €121 | +€80 | +195.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,863 | -€1,317 | +€9,546 | +87.9% |
| Income taxes | 67/77 | €362 | €3,870 | +€3,508 | +969.1% |
| Profit (loss) for the period | 9904 | -€11,225 | -€5,187 | +€6,038 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,225 | -€5,187 | +€6,038 | +53.8% |
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 11 October 2026 via checked.be.