CREA=T=E: 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=T=E
Largest movements
- Cash +€34,037
up €34,037 (+200.4%), from €16,986 to €51,023
mainly Net result for the year (+€29,849) and Depreciation (+€2,478)
- Tangible fixed assets -€2,478
down €2,478 (-34.2%), from €7,250 to €4,773
of which Furniture and vehicles: -€1,899
- Receivables within one year +€1,945
up €1,945 (+80.3%), from €2,422 to €4,367
of which Trade receivables: +€4,053
- Deferred charges and accrued income -€1,348
down €1,348 (-100.0%), from €1,348 to €0
- Profit (loss) carried forward +€29,849
up €29,849 (+93.1%), from -€32,051 to -€2,202
- Other debts +€1,646
up €1,646 (+9.0%), from €18,371 to €20,017
- Gross operating margin +€63,427
up €63,427, from -€27,776 to €35,651
- Taxes +€1,530
up €1,530 (+656.7%), from €233 to €1,763
- Write-downs -€1,496
down €1,496 (-100.0%), from €1,496 to €0
- Other operating charges +€621
up €621 (+256.8%), from €242 to €863
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 | €28,006 | €60,163 | +€32,157 | +114.8% |
| Fixed assets | 21/28 | €7,250 | €4,773 | -€2,478 | -34.2% |
| Tangible fixed assets | 22/27 | €7,250 | €4,773 | -€2,478 | -34.2% |
| Plant, machinery and equipment | 23 | €1,618 | €1,039 | -€579 | -35.8% |
| Furniture and vehicles | 24 | €5,632 | €3,733 | -€1,899 | -33.7% |
| Current assets | 29/58 | €20,756 | €55,390 | +€34,634 | +166.9% |
| Amounts receivable within one year | 40/41 | €2,422 | €4,367 | +€1,945 | +80.3% |
| Trade receivables | 40 | €0 | €4,053 | +€4,053 | |
| Other amounts receivable | 41 | €2,422 | €314 | -€2,108 | -87.0% |
| Cash at bank and in hand | 54/58 | €16,986 | €51,023 | +€34,037 | +200.4% |
| Deferred charges and accrued income | 490/1 | €1,348 | €0 | -€1,348 | -100.0% |
| Total equity and liabilities | 10/49 | €28,006 | €60,163 | +€32,157 | +114.8% |
| Equity | 10/15 | -€2,051 | €27,798 | +€29,849 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,051 | -€2,202 | +€29,849 | +93.1% |
| Amounts payable | 17/49 | €30,057 | €32,365 | +€2,308 | +7.7% |
| Amounts payable within one year | 42/48 | €30,057 | €32,365 | +€2,308 | +7.7% |
| Trade debts | 44 | €178 | €289 | +€111 | +62.0% |
| Suppliers | 440/4 | €178 | €289 | +€111 | +62.0% |
| Taxes, remuneration and social security | 45 | €11,508 | €12,059 | +€551 | +4.8% |
| Taxes | 450/3 | €11,508 | €12,059 | +€551 | +4.8% |
| Other amounts payable | 47/48 | €18,371 | €20,017 | +€1,646 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,478 | €2,478 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,496 | €0 | -€1,496 | -100.0% |
| Other operating charges | 640/8 | €242 | €863 | +€621 | +256.8% |
| Gross operating margin | 9900 | -€27,776 | €35,651 | +€63,427 | |
| Operating profit (loss) | 9901 | -€31,991 | €32,310 | +€64,301 | |
| Financial charges | 65/66B | €891 | €698 | -€194 | -21.7% |
| Recurring financial charges | 65 | €891 | €698 | -€194 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,883 | €31,612 | +€64,495 | |
| Income taxes | 67/77 | €233 | €1,763 | +€1,530 | +656.7% |
| Profit (loss) for the period | 9904 | -€33,116 | €29,849 | +€62,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,116 | €29,849 | +€62,965 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.