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
- Tangible fixed assets -€20,790
down €20,790 (-22.0%), from €94,331 to €73,541
of which Plant, machinery and equipment: -€12,496
- Cash +€10,779
up €10,779 (+86.3%), from €12,494 to €23,273
mainly Depreciation (+€16,924) and Net result for the year (+€13,367)
- Receivables within one year -€4,817
down €4,817 (-85.6%), from €5,630 to €813
of which Other amounts receivable: -€4,214
- Stocks and contracts -€2,000
down €2,000 (-28.1%), from €7,125 to €5,125
- Debts after one year -€22,327
down €22,327 (-42.4%), from €52,654 to €30,327
- Reserves +€13,367
up €13,367 (+165.3%), from €8,087 to €21,454
- Trade debts -€7,705
down €7,705 (-54.2%), from €14,220 to €6,515
- Current portion of long-term debt -€3,462
down €3,462 (-13.4%), from €25,789 to €22,327
- Tax, wage and social debts +€1,347
up €1,347 (+10.1%), from €13,369 to €14,716
of which Remuneration and social security: +€3,219
- Gross operating margin +€11,211
up €11,211 (+13.9%), from €80,765 to €91,975
- Depreciation -€2,120
down €2,120 (-11.1%), from €19,044 to €16,924
- Staff costs +€1,887
up €1,887 (+3.6%), from €52,773 to €54,660
- Taxes +€1,170
up €1,170 (+44.7%), from €2,619 to €3,789
- Other operating charges -€958
down €958 (-48.2%), from €1,988 to €1,030
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 | €129,719 | €111,441 | -€18,278 | -14.1% |
| Fixed assets | 21/28 | €100,331 | €78,541 | -€21,790 | -21.7% |
| Intangible fixed assets | 21 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Tangible fixed assets | 22/27 | €94,331 | €73,541 | -€20,790 | -22.0% |
| Plant, machinery and equipment | 23 | €73,684 | €61,188 | -€12,496 | -17.0% |
| Furniture and vehicles | 24 | €20,647 | €12,353 | -€8,295 | -40.2% |
| Current assets | 29/58 | €29,388 | €32,900 | +€3,512 | +12.0% |
| Stocks and contracts in progress | 3 | €7,125 | €5,125 | -€2,000 | -28.1% |
| Stocks | 30/36 | €7,125 | €5,125 | -€2,000 | -28.1% |
| Amounts receivable within one year | 40/41 | €5,630 | €813 | -€4,817 | -85.6% |
| Trade receivables | 40 | €989 | €386 | -€603 | -61.0% |
| Other amounts receivable | 41 | €4,641 | €427 | -€4,214 | -90.8% |
| Cash at bank and in hand | 54/58 | €12,494 | €23,273 | +€10,779 | +86.3% |
| Deferred charges and accrued income | 490/1 | €4,139 | €3,689 | -€450 | -10.9% |
| Total equity and liabilities | 10/49 | €129,719 | €111,441 | -€18,278 | -14.1% |
| Equity | 10/15 | €13,087 | €26,454 | +€13,367 | +102.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,087 | €21,454 | +€13,367 | +165.3% |
| Distributable reserves | 133 | €8,087 | €21,454 | +€13,367 | +165.3% |
| Amounts payable | 17/49 | €116,632 | €84,987 | -€31,645 | -27.1% |
| Amounts payable after more than one year | 17 | €52,654 | €30,327 | -€22,327 | -42.4% |
| Financial debts | 170/4 | €52,654 | €30,327 | -€22,327 | -42.4% |
| Amounts payable within one year | 42/48 | €63,978 | €54,659 | -€9,318 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €25,789 | €22,327 | -€3,462 | -13.4% |
| Financial debts | 43 | €0 | €194 | +€194 | |
| Credit institutions | 430/8 | - | €194 | +€194 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €14,220 | €6,515 | -€7,705 | -54.2% |
| Suppliers | 440/4 | €14,220 | €6,515 | -€7,705 | -54.2% |
| Taxes, remuneration and social security | 45 | €13,369 | €14,716 | +€1,347 | +10.1% |
| Taxes | 450/3 | €8,142 | €6,270 | -€1,872 | -23.0% |
| Remuneration and social security | 454/9 | €5,227 | €8,446 | +€3,219 | +61.6% |
| Other amounts payable | 47/48 | €10,600 | €10,908 | +€308 | +2.9% |
| Non-recurring operating income | 76A | - | €5,089 | +€5,089 | |
| Remuneration, social security and pensions | 62 | €52,773 | €54,660 | +€1,887 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,044 | €16,924 | -€2,120 | -11.1% |
| Other operating charges | 640/8 | €1,988 | €1,030 | -€958 | -48.2% |
| Gross operating margin | 9900 | €80,765 | €91,975 | +€11,211 | +13.9% |
| Operating profit (loss) | 9901 | €6,959 | €19,361 | +€12,402 | +178.2% |
| Financial income | 75/76B | €172 | €3 | -€169 | -98.2% |
| Recurring financial income | 75 | €172 | €3 | -€169 | -98.2% |
| Financial charges | 65/66B | €2,769 | €2,208 | -€561 | -20.2% |
| Recurring financial charges | 65 | €2,769 | €2,208 | -€561 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €4,362 | €17,156 | +€12,794 | +293.3% |
| Income taxes | 67/77 | €2,619 | €3,789 | +€1,170 | +44.7% |
| Profit (loss) for the period | 9904 | €1,743 | €13,367 | +€11,624 | +667.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,743 | €13,367 | +€11,624 | +667.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.