CREA-COM: 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.
What changed
CREA-COM
NACE 85.599, Other education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€93,618
2024 · €76,908+€16,709
Equity
€228,481
2024 · €134,864+€93,618
Cash
€122,538
2024 · €128,505-€5,967
Balance sheet total
€913,694
2024 · €883,904+€29,790
Largest movements
Assets
- Tangible fixed assets +€34,626
up €34,626 (+4.6%), from €751,452 to €786,078
of which Land and buildings: +€34,887
Equity and liabilities
- Reserves +€93,618
up €93,618 (+85.2%), from €109,864 to €203,481
- Tax, wage and social debts -€30,824
down €30,824 (-98.0%), from €31,461 to €637
- Debts after one year -€27,767
down €27,767 (-4.3%), from €639,162 to €611,395
Income statement
- Gross operating margin +€31,963
up €31,963 (+21.2%), from €150,727 to €182,690
- Depreciation +€8,983
up €8,983 (+27.2%), from €32,973 to €41,956
- Taxes +€6,169
up €6,169 (+19.6%), from €31,461 to €37,630
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.
Result 2024
€76,908
Gross operating margin
+€31,963
Depreciation
-€8,983
Other operating charges
+€1,052
Other operating items
-€593
Financial income
-€126
Financial charges
-€435
Taxes
-€6,169
Result 2025
€93,618
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€97,699
Investment
-€76,732
Financing
-€26,935
Cash 2024
€128,505
From operations (derived)
+€97,699
Net result for the year
+€93,618
Depreciation
+€41,956
Receivables within one year
-€347
Deferred charges and accrued income
-€635
Trade debts
+€230
Tax, wage and social debts
-€30,824
Other debts
-€6,912
Accrued charges and deferred income
+€613
Investment (derived)
-€76,732
Investment in fixed assets (net)
-€76,732
Financing
-€26,935
Debts after one year
-€27,767
Current portion of long-term debt
+€885
Short-term financial debts
-€52
Cash 2025
€122,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,904 | €913,694 | +€29,790 | +3.4% |
| Fixed assets | 21/28 | €751,452 | €786,228 | +€34,776 | +4.6% |
| Tangible fixed assets | 22/27 | €751,452 | €786,078 | +€34,626 | +4.6% |
| Land and buildings | 22 | €750,243 | €785,129 | +€34,887 | +4.7% |
| Furniture and vehicles | 24 | €1,210 | €949 | -€261 | -21.6% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €132,452 | €127,466 | -€4,985 | -3.8% |
| Amounts receivable within one year | 40/41 | €1,401 | €1,747 | +€347 | +24.8% |
| Trade receivables | 40 | €232 | €1,184 | +€952 | +411% |
| Other amounts receivable | 41 | €1,169 | €564 | -€606 | -51.8% |
| Cash at bank and in hand | 54/58 | €128,505 | €122,538 | -€5,967 | -4.6% |
| Deferred charges and accrued income | 490/1 | €2,546 | €3,181 | +€635 | +24.9% |
| Total equity and liabilities | 10/49 | €883,904 | €913,694 | +€29,790 | +3.4% |
| Equity | 10/15 | €134,864 | €228,481 | +€93,618 | +69.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €109,864 | €203,481 | +€93,618 | +85.2% |
| Distributable reserves | 133 | €109,864 | €203,481 | +€93,618 | +85.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €749,040 | €685,213 | -€63,827 | -8.5% |
| Amounts payable after more than one year | 17 | €639,162 | €611,395 | -€27,767 | -4.3% |
| Financial debts | 170/4 | €639,162 | €611,395 | -€27,767 | -4.3% |
| Amounts payable within one year | 42/48 | €109,878 | €73,205 | -€36,673 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €26,883 | €27,767 | +€885 | +3.3% |
| Financial debts | 43 | €52 | - | -€52 | |
| Credit institutions | 430/8 | €52 | - | -€52 | |
| Trade debts | 44 | €2,889 | €3,119 | +€230 | +8.0% |
| Suppliers | 440/4 | €2,889 | €3,119 | +€230 | +8.0% |
| Taxes, remuneration and social security | 45 | €31,461 | €637 | -€30,824 | -98.0% |
| Taxes | 450/3 | €31,461 | €637 | -€30,824 | -98.0% |
| Other amounts payable | 47/48 | €48,593 | €41,681 | -€6,912 | -14.2% |
| Accrued charges and deferred income | 492/3 | - | €613 | +€613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,973 | €41,956 | +€8,983 | +27.2% |
| Other operating charges | 640/8 | €2,796 | €1,745 | -€1,052 | -37.6% |
| Non-recurring operating charges | 66A | - | €593 | +€593 | |
| Gross operating margin | 9900 | €150,727 | €182,690 | +€31,963 | +21.2% |
| Operating profit (loss) | 9901 | €114,959 | €138,398 | +€23,439 | +20.4% |
| Financial income | 75/76B | €136 | €10 | -€126 | -92.6% |
| Recurring financial income | 75 | €136 | €10 | -€126 | -92.6% |
| Financial charges | 65/66B | €6,726 | €7,161 | +€435 | +6.5% |
| Recurring financial charges | 65 | €6,726 | €7,161 | +€435 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €108,369 | €131,247 | +€22,878 | +21.1% |
| Income taxes | 67/77 | €31,461 | €37,630 | +€6,169 | +19.6% |
| Profit (loss) for the period | 9904 | €76,908 | €93,618 | +€16,709 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,908 | €93,618 | +€16,709 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.