CREA FERRO: 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 FERRO
Largest movements
- Cash +€36,809
up €36,809 (+78.9%), from €46,678 to €83,487
mainly Net result for the year (+€30,701) and Debts after one year (+€27,000)
- Receivables within one year +€15,198
up €15,198 (+77.5%), from €19,610 to €34,808
of which Trade receivables: +€14,843
- Tangible fixed assets -€12,602
down €12,602 (-15.7%), from €80,340 to €67,737
of which Furniture and vehicles: -€19,024
- Stocks and contracts +€7,350
up €7,350, from €0 to €7,350
of which Contracts in progress: +€7,350
- Reserves +€30,701
up €30,701 (+112%), from €27,474 to €58,175
of which Distributable reserves: +€30,701
- Debts after one year +€27,000
up €27,000 (+51.0%), from €52,920 to €79,920
of which Financial debts: +€27,000
- Trade debts -€19,168
down €19,168 (-57.9%), from €33,109 to €13,941
of which Suppliers: -€19,168
- Other debts +€3,250
up €3,250 (+23.1%), from €14,051 to €17,301
- Tax, wage and social debts +€2,806
up €2,806 (+18.0%), from €15,581 to €18,388
of which Remuneration and social security: +€3,378
- Gross operating margin +€7,198
up €7,198 (+11.7%), from €61,557 to €68,755
- Depreciation +€2,245
up €2,245 (+10.8%), from €20,773 to €23,018
- Financial charges +€1,953
up €1,953 (+52.5%), from €3,719 to €5,673
of which Financial charges: +€1,953
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 | €151,908 | €198,422 | +€46,514 | +30.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €84,887 | €70,763 | -€14,124 | -16.6% |
| Intangible fixed assets | 21 | €4,482 | €2,852 | -€1,629 | -36.4% |
| Tangible fixed assets | 22/27 | €80,340 | €67,737 | -€12,602 | -15.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €7,845 | €9,472 | +€1,627 | +20.7% |
| Furniture and vehicles | 24 | €72,495 | €53,470 | -€19,024 | -26.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €4,795 | +€4,795 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €65 | €174 | +€108 | +165% |
| Current assets | 29/58 | €67,021 | €127,659 | +€60,638 | +90.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | €7,350 | +€7,350 | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | €7,350 | +€7,350 | |
| Amounts receivable within one year | 40/41 | €19,610 | €34,808 | +€15,198 | +77.5% |
| Trade receivables | 40 | €19,610 | €34,452 | +€14,843 | +75.7% |
| Other amounts receivable | 41 | €0 | €355 | +€355 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,678 | €83,487 | +€36,809 | +78.9% |
| Deferred charges and accrued income | 490/1 | €733 | €2,014 | +€1,282 | +175% |
| Total equity and liabilities | 10/49 | €151,908 | €198,422 | +€46,514 | +30.6% |
| Equity | 10/15 | €32,474 | €63,175 | +€30,701 | +94.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €27,474 | €58,175 | +€30,701 | +112% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €27,474 | €58,175 | +€30,701 | +112% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €119,434 | €135,247 | +€15,813 | +13.2% |
| Amounts payable after more than one year | 17 | €52,920 | €79,920 | +€27,000 | +51.0% |
| Financial debts | 170/4 | €52,920 | €79,920 | +€27,000 | +51.0% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €62,741 | €49,630 | -€13,112 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €33,109 | €13,941 | -€19,168 | -57.9% |
| Suppliers | 440/4 | €33,109 | €13,941 | -€19,168 | -57.9% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,581 | €18,388 | +€2,806 | +18.0% |
| Taxes | 450/3 | €15,581 | €15,009 | -€572 | -3.7% |
| Remuneration and social security | 454/9 | €0 | €3,378 | +€3,378 | |
| Other amounts payable | 47/48 | €14,051 | €17,301 | +€3,250 | +23.1% |
| Accrued charges and deferred income | 492/3 | €3,773 | €5,697 | +€1,925 | +51.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,773 | €23,018 | +€2,245 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,932 | €1,434 | -€498 | -25.8% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,557 | €68,755 | +€7,198 | +11.7% |
| Operating profit (loss) | 9901 | €38,852 | €44,302 | +€5,451 | +14.0% |
| Financial income | 75/76B | €0 | €38 | +€38 | |
| Recurring financial income | 75 | €0 | €38 | +€38 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,719 | €5,673 | +€1,953 | +52.5% |
| Recurring financial charges | 65 | €3,719 | €5,673 | +€1,953 | +52.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €35,133 | €38,668 | +€3,535 | +10.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €7,659 | €7,966 | +€307 | +4.0% |
| Profit (loss) for the period | 9904 | €27,474 | €30,701 | +€3,228 | +11.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €27,474 | €30,701 | +€3,228 | +11.7% |
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 23 October 2026 via checked.be.