CREA CONCEPT MD: 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 CONCEPT MD
Largest movements
- Receivables within one year +€100,153
up €100,153 (+534%), from €18,768 to €118,921
of which Trade receivables: +€100,644
- Cash -€30,470
down €30,470 (-11.7%), from €261,203 to €230,733
mainly Receivables within one year (-€100,153) and Investment in fixed assets (net) (-€34,250)
- Tangible fixed assets -€26,068
down €26,068 (-9.3%), from €279,712 to €253,645
of which Plant, machinery and equipment: -€31,357
- Stocks and contracts +€24,291
up €24,291 (+37.2%), from €65,302 to €89,592
- Reserves +€97,691
up €97,691 (+44.0%), from €222,172 to €319,863
of which Distributable reserves: +€97,691
- Debts after one year -€32,809
down €32,809 (-22.2%), from €147,758 to €114,949
- Trade debts -€8,635
down €8,635 (-25.9%), from €33,381 to €24,746
- Gross operating margin -€19,479
down €19,479 (-5.5%), from €357,039 to €337,560
- Taxes -€8,676
down €8,676 (-17.6%), from €49,302 to €40,626
- Staff costs +€6,985
up €6,985 (+5.4%), from €128,589 to €135,575
- Depreciation +€5,253
up €5,253 (+9.4%), from €55,587 to €60,840
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 | €635,222 | €697,932 | +€62,709 | +9.9% |
| Fixed assets | 21/28 | €280,314 | €253,725 | -€26,590 | -9.5% |
| Intangible fixed assets | 21 | €602 | €80 | -€522 | -86.7% |
| Tangible fixed assets | 22/27 | €279,712 | €253,645 | -€26,068 | -9.3% |
| Land and buildings | 22 | €102,944 | €101,353 | -€1,592 | -1.5% |
| Plant, machinery and equipment | 23 | €168,656 | €137,298 | -€31,357 | -18.6% |
| Furniture and vehicles | 24 | €8,112 | €14,993 | +€6,881 | +84.8% |
| Current assets | 29/58 | €354,908 | €444,207 | +€89,299 | +25.2% |
| Stocks and contracts in progress | 3 | €65,302 | €89,592 | +€24,291 | +37.2% |
| Stocks | 30/36 | €65,302 | €89,592 | +€24,291 | +37.2% |
| Amounts receivable within one year | 40/41 | €18,768 | €118,921 | +€100,153 | +534% |
| Trade receivables | 40 | €18,185 | €118,828 | +€100,644 | +553% |
| Other amounts receivable | 41 | €583 | €92 | -€491 | -84.2% |
| Cash at bank and in hand | 54/58 | €261,203 | €230,733 | -€30,470 | -11.7% |
| Deferred charges and accrued income | 490/1 | €9,636 | €4,961 | -€4,674 | -48.5% |
| Total equity and liabilities | 10/49 | €635,222 | €697,932 | +€62,709 | +9.9% |
| Equity | 10/15 | €254,059 | €349,116 | +€95,057 | +37.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €222,172 | €319,863 | +€97,691 | +44.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €221,172 | €318,863 | +€97,691 | +44.2% |
| Investment grants | 15 | €21,887 | €19,253 | -€2,634 | -12.0% |
| Amounts payable | 17/49 | €381,163 | €348,816 | -€32,347 | -8.5% |
| Amounts payable after more than one year | 17 | €147,758 | €114,949 | -€32,809 | -22.2% |
| Financial debts | 170/4 | €147,758 | €114,949 | -€32,809 | -22.2% |
| Amounts payable within one year | 42/48 | €233,405 | €227,525 | -€5,880 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €34,728 | €32,809 | -€1,919 | -5.5% |
| Trade debts | 44 | €33,381 | €24,746 | -€8,635 | -25.9% |
| Suppliers | 440/4 | €33,381 | €24,746 | -€8,635 | -25.9% |
| Taxes, remuneration and social security | 45 | €38,835 | €45,739 | +€6,904 | +17.8% |
| Taxes | 450/3 | €27,931 | €33,972 | +€6,041 | +21.6% |
| Remuneration and social security | 454/9 | €10,904 | €11,767 | +€863 | +7.9% |
| Other amounts payable | 47/48 | €126,462 | €124,232 | -€2,230 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €6,342 | +€6,342 | |
| Non-recurring operating income | 76A | - | €3,100 | +€3,100 | |
| Remuneration, social security and pensions | 62 | €128,589 | €135,575 | +€6,985 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,587 | €60,840 | +€5,253 | +9.4% |
| Other operating charges | 640/8 | €4,482 | €3,436 | -€1,046 | -23.3% |
| Gross operating margin | 9900 | €357,039 | €337,560 | -€19,479 | -5.5% |
| Operating profit (loss) | 9901 | €168,380 | €137,709 | -€30,671 | -18.2% |
| Financial income | 75/76B | €2,675 | €4,156 | +€1,481 | +55.4% |
| Recurring financial income | 75 | €2,643 | €4,156 | +€1,513 | +57.2% |
| Non-recurring financial income | 76B | €31 | - | -€31 | |
| Financial charges | 65/66B | €3,135 | €2,649 | -€486 | -15.5% |
| Recurring financial charges | 65 | €3,135 | €2,649 | -€486 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €167,920 | €139,217 | -€28,704 | -17.1% |
| Income taxes | 67/77 | €49,302 | €40,626 | -€8,676 | -17.6% |
| Profit (loss) for the period | 9904 | €118,619 | €98,591 | -€20,028 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,619 | €98,591 | -€20,028 | -16.9% |
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 27 October 2026 via checked.be.