CREA TUINEN: what changed
CREA TUINEN
Largest movements
- Tangible fixed assets -€63,506
down €63,506 (-31.2%), from €203,566 to €140,060
of which Land and buildings: -€55,064
- Stocks and contracts -€27,668
down €27,668 (-34.5%), from €80,123 to €52,455
- Cash +€11,271
up €11,271 (+113%), from €9,981 to €21,252
mainly Investment in fixed assets (net) (+€31,902) and Depreciation (+€31,605)
- Receivables within one year +€8,589
up €8,589 (+114%), from €7,547 to €16,136
of which Trade receivables: +€9,350
- Reserves -€23,354
down €23,354 (-21.0%), from €111,113 to €87,759
of which Distributable reserves: -€18,148
- Debts after one year -€20,792
down €20,792 (-73.5%), from €28,294 to €7,502
- Other debts -€16,818
down €16,818 (-25.4%), from €66,164 to €49,346
- Trade debts -€10,327
down €10,327 (-82.1%), from €12,574 to €2,247
- Tax, wage and social debts +€4,215
new in 2025: €4,215
- Gross operating margin -€817
down €817 (-6.2%), from €13,175 to €12,358
- Financial charges -€653
down €653 (-27.0%), from €2,421 to €1,768
- Other operating charges +€533
up €533 (+22.8%), from €2,339 to €2,872
- Depreciation -€425
down €425 (-1.3%), from €32,030 to €31,605
- Staff costs +€365
up €365 (+90.5%), from €404 to €769
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,471 | €235,795 | -€71,676 | -23.3% |
| Fixed assets | 21/28 | €203,566 | €140,060 | -€63,506 | -31.2% |
| Tangible fixed assets | 22/27 | €203,566 | €140,060 | -€63,506 | -31.2% |
| Land and buildings | 22 | €175,409 | €120,345 | -€55,064 | -31.4% |
| Plant, machinery and equipment | 23 | €1,166 | €2,143 | +€977 | +83.8% |
| Furniture and vehicles | 24 | €6,111 | €3,027 | -€3,084 | -50.5% |
| Leasing and similar rights | 25 | €20,880 | €14,545 | -€6,335 | -30.3% |
| Current assets | 29/58 | €103,904 | €95,735 | -€8,170 | -7.9% |
| Stocks and contracts in progress | 3 | €80,123 | €52,455 | -€27,668 | -34.5% |
| Stocks | 30/36 | €80,123 | €52,455 | -€27,668 | -34.5% |
| Amounts receivable within one year | 40/41 | €7,547 | €16,136 | +€8,589 | +114% |
| Trade receivables | 40 | €6,786 | €16,136 | +€9,350 | +138% |
| Other amounts receivable | 41 | €762 | €0 | -€762 | -100% |
| Cash at bank and in hand | 54/58 | €9,981 | €21,252 | +€11,271 | +113% |
| Deferred charges and accrued income | 490/1 | €6,253 | €5,891 | -€362 | -5.8% |
| Total equity and liabilities | 10/49 | €307,471 | €235,795 | -€71,676 | -23.3% |
| Equity | 10/15 | €186,113 | €162,759 | -€23,354 | -12.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €111,113 | €87,759 | -€23,354 | -21.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,103 | €19,897 | -€5,206 | -20.7% |
| Distributable reserves | 133 | €78,511 | €60,362 | -€18,148 | -23.1% |
| Provisions and deferred taxes | 16 | €6,276 | €4,974 | -€1,301 | -20.7% |
| Deferred taxes | 168 | €6,276 | €4,974 | -€1,301 | -20.7% |
| Amounts payable | 17/49 | €115,082 | €68,062 | -€47,020 | -40.9% |
| Amounts payable after more than one year | 17 | €28,294 | €7,502 | -€20,792 | -73.5% |
| Financial debts | 170/4 | €28,294 | €7,502 | -€20,792 | -73.5% |
| Amounts payable within one year | 42/48 | €86,788 | €60,560 | -€26,228 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €8,050 | €4,751 | -€3,299 | -41.0% |
| Trade debts | 44 | €12,574 | €2,247 | -€10,327 | -82.1% |
| Suppliers | 440/4 | €12,574 | €2,247 | -€10,327 | -82.1% |
| Taxes, remuneration and social security | 45 | - | €4,215 | +€4,215 | |
| Taxes | 450/3 | - | €4,215 | +€4,215 | |
| Other amounts payable | 47/48 | €66,164 | €49,346 | -€16,818 | -25.4% |
| Remuneration, social security and pensions | 62 | €404 | €769 | +€365 | +90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,030 | €31,605 | -€425 | -1.3% |
| Other operating charges | 640/8 | €2,339 | €2,872 | +€533 | +22.8% |
| Gross operating margin | 9900 | €13,175 | €12,358 | -€817 | -6.2% |
| Operating profit (loss) | 9901 | -€21,597 | -€22,888 | -€1,291 | -6.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €2,421 | €1,768 | -€653 | -27.0% |
| Recurring financial charges | 65 | €2,421 | €1,768 | -€653 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,018 | -€24,655 | -€637 | -2.7% |
| Transfer from deferred taxes | 780 | €1,301 | €1,301 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€22,717 | -€23,354 | -€637 | -2.8% |
| Transfer from tax-exempt reserves | 789 | €5,206 | €5,206 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,511 | -€18,148 | -€637 | -3.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.