CREA2 MANAGEMENT: 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.
CREA2 MANAGEMENT
Largest movements
- Cash +€198,851
up €198,851 (+188%), from €105,702 to €304,553
mainly Receivables within one year (+€150,150) and Other debts (+€115,321)
- Receivables within one year -€150,150
down €150,150 (-90.3%), from €166,299 to €16,149
of which Trade receivables: -€104,957
- Deferred charges and accrued income -€5,449
down €5,449 (-45.6%), from €11,954 to €6,504
- Other debts +€115,321
up €115,321 (+961%), from €11,999 to €127,320
- Profit (loss) carried forward -€94,349
down €94,349 (-47.5%), from €198,689 to €104,340
- Tax, wage and social debts +€19,930
up €19,930 (+39.6%), from €50,389 to €70,319
- Gross operating margin +€51,547
up €51,547 (+59.7%), from €86,301 to €137,848
- Taxes +€13,623
up €13,623 (+82.4%), from €16,531 to €30,153
- Other operating charges -€4,148
down €4,148 (-80.6%), from €5,148 to €1,000
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 | €301,081 | €341,725 | +€40,644 | +13.5% |
| Fixed assets | 21/28 | €17,126 | €14,518 | -€2,608 | -15.2% |
| Tangible fixed assets | 22/27 | €17,022 | €14,414 | -€2,608 | -15.3% |
| Furniture and vehicles | 24 | €17,022 | €14,414 | -€2,608 | -15.3% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €283,955 | €327,207 | +€43,252 | +15.2% |
| Amounts receivable within one year | 40/41 | €166,299 | €16,149 | -€150,150 | -90.3% |
| Trade receivables | 40 | €121,106 | €16,149 | -€104,957 | -86.7% |
| Other amounts receivable | 41 | €45,193 | €0 | -€45,193 | -100% |
| Cash at bank and in hand | 54/58 | €105,702 | €304,553 | +€198,851 | +188% |
| Deferred charges and accrued income | 490/1 | €11,954 | €6,504 | -€5,449 | -45.6% |
| Total equity and liabilities | 10/49 | €301,081 | €341,725 | +€40,644 | +13.5% |
| Equity | 10/15 | €226,398 | €132,049 | -€94,349 | -41.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,209 | €25,209 | = | 0.0% |
| Distributable reserves | 133 | €25,209 | €25,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,689 | €104,340 | -€94,349 | -47.5% |
| Amounts payable | 17/49 | €74,684 | €209,677 | +€134,993 | +181% |
| Amounts payable after more than one year | 17 | €7,288 | €4,366 | -€2,922 | -40.1% |
| Financial debts | 170/4 | €7,288 | €4,366 | -€2,922 | -40.1% |
| Amounts payable within one year | 42/48 | €67,396 | €205,310 | +€137,915 | +205% |
| Current portion of amounts payable after more than one year | 42 | €2,795 | €2,922 | +€126 | +4.5% |
| Trade debts | 44 | €2,213 | €4,750 | +€2,537 | +115% |
| Suppliers | 440/4 | €2,213 | €4,750 | +€2,537 | +115% |
| Taxes, remuneration and social security | 45 | €50,389 | €70,319 | +€19,930 | +39.6% |
| Taxes | 450/3 | €50,389 | €70,319 | +€19,930 | +39.6% |
| Other amounts payable | 47/48 | €11,999 | €127,320 | +€115,321 | +961% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,387 | €6,047 | +€660 | +12.3% |
| Other operating charges | 640/8 | €5,148 | €1,000 | -€4,148 | -80.6% |
| Gross operating margin | 9900 | €86,301 | €137,848 | +€51,547 | +59.7% |
| Operating profit (loss) | 9901 | €75,767 | €130,801 | +€55,034 | +72.6% |
| Financial income | 75/76B | €2,190 | €1,412 | -€778 | -35.5% |
| Recurring financial income | 75 | €2,190 | €1,412 | -€778 | -35.5% |
| Financial charges | 65/66B | €1,787 | €1,409 | -€378 | -21.2% |
| Recurring financial charges | 65 | €1,787 | €1,409 | -€378 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €76,170 | €130,804 | +€54,635 | +71.7% |
| Income taxes | 67/77 | €16,531 | €30,153 | +€13,623 | +82.4% |
| Profit (loss) for the period | 9904 | €59,639 | €100,651 | +€41,012 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,639 | €100,651 | +€41,012 | +68.8% |
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 15 October 2026 via checked.be.