CREA FER: 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 FER
Largest movements
- Receivables within one year +€27,748
up €27,748 (+39.4%), from €70,441 to €98,189
of which Trade receivables: +€21,575
- Cash +€11,817
up €11,817 (+40.4%), from €29,229 to €41,046
mainly Net result for the year (+€25,794) and Trade debts (+€19,118)
- Deferred charges and accrued income +€2,780
new in 2025: €2,780
- Tangible fixed assets -€1,677
down €1,677 (-35.1%), from €4,770 to €3,094
- Profit (loss) carried forward +€25,794
up €25,794 (+51.9%), from €49,710 to €75,503
- Trade debts +€19,118
up €19,118 (+272%), from €7,027 to €26,144
- Debts after one year -€3,698
down €3,698 (-57.4%), from €6,445 to €2,747
- Tax, wage and social debts -€2,478
down €2,478 (-12.7%), from €19,476 to €16,998
of which Remuneration and social security: -€9,712
- Current portion of long-term debt +€2,078
new in 2025: €2,078
- Gross operating margin +€22,842
up €22,842 (+20.4%), from €111,838 to €134,680
- Staff costs +€10,227
up €10,227 (+12.0%), from €85,548 to €95,775
- Taxes +€2,812
up €2,812 (+66.7%), from €4,215 to €7,027
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 | €105,765 | €146,433 | +€40,668 | +38.5% |
| Fixed assets | 21/28 | €6,095 | €4,419 | -€1,677 | -27.5% |
| Tangible fixed assets | 22/27 | €4,770 | €3,094 | -€1,677 | -35.1% |
| Furniture and vehicles | 24 | €4,770 | €3,094 | -€1,677 | -35.1% |
| Financial fixed assets | 28 | €1,325 | €1,325 | = | 0.0% |
| Current assets | 29/58 | €99,669 | €142,014 | +€42,345 | +42.5% |
| Amounts receivable within one year | 40/41 | €70,441 | €98,189 | +€27,748 | +39.4% |
| Trade receivables | 40 | €66,674 | €88,249 | +€21,575 | +32.4% |
| Other amounts receivable | 41 | €3,766 | €9,940 | +€6,173 | +164% |
| Cash at bank and in hand | 54/58 | €29,229 | €41,046 | +€11,817 | +40.4% |
| Deferred charges and accrued income | 490/1 | - | €2,780 | +€2,780 | |
| Total equity and liabilities | 10/49 | €105,765 | €146,433 | +€40,668 | +38.5% |
| Equity | 10/15 | €70,170 | €95,963 | +€25,794 | +36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,710 | €75,503 | +€25,794 | +51.9% |
| Amounts payable | 17/49 | €35,595 | €50,470 | +€14,875 | +41.8% |
| Amounts payable after more than one year | 17 | €6,445 | €2,747 | -€3,698 | -57.4% |
| Financial debts | 170/4 | €6,445 | €2,747 | -€3,698 | -57.4% |
| Amounts payable within one year | 42/48 | €29,150 | €47,723 | +€18,573 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,078 | +€2,078 | |
| Trade debts | 44 | €7,027 | €26,144 | +€19,118 | +272% |
| Suppliers | 440/4 | €7,027 | €26,144 | +€19,118 | +272% |
| Taxes, remuneration and social security | 45 | €19,476 | €16,998 | -€2,478 | -12.7% |
| Taxes | 450/3 | €7,623 | €14,857 | +€7,234 | +94.9% |
| Remuneration and social security | 454/9 | €11,853 | €2,141 | -€9,712 | -81.9% |
| Other amounts payable | 47/48 | €2,647 | €2,502 | -€145 | -5.5% |
| Remuneration, social security and pensions | 62 | €85,548 | €95,775 | +€10,227 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €1,677 | -€678 | -28.8% |
| Other operating charges | 640/8 | €929 | €600 | -€329 | -35.4% |
| Gross operating margin | 9900 | €111,838 | €134,680 | +€22,842 | +20.4% |
| Operating profit (loss) | 9901 | €23,005 | €36,628 | +€13,622 | +59.2% |
| Financial income | 75/76B | €11 | €3 | -€8 | -70.9% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -70.9% |
| Financial charges | 65/66B | €2,909 | €3,810 | +€901 | +31.0% |
| Recurring financial charges | 65 | €2,909 | €3,810 | +€901 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €20,107 | €32,821 | +€12,714 | +63.2% |
| Income taxes | 67/77 | €4,215 | €7,027 | +€2,812 | +66.7% |
| Profit (loss) for the period | 9904 | €15,892 | €25,794 | +€9,902 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,892 | €25,794 | +€9,902 | +62.3% |
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 16 October 2026 via checked.be.