CREABEL: 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.
CREABEL
Largest movements
- Receivables within one year -€24,069
down €24,069 (-62.9%), from €38,272 to €14,203
of which Trade receivables: -€21,911
- Cash -€13,676
down €13,676 (-25.5%), from €53,588 to €39,912
mainly Investment in fixed assets (net) (-€34,120) and Other debts (-€30,201)
- Deferred charges and accrued income +€1,982
up €1,982 (+109.6%), from €1,808 to €3,790
- Other debts -€30,201
down €30,201 (-62.5%), from €48,359 to €18,158
- Trade debts -€20,382
down €20,382 (-63.5%), from €32,100 to €11,718
- Reserves +€18,370
up €18,370 (+84.9%), from €21,641 to €40,011
of which Distributable reserves: +€15,064
- Debts after one year -€9,343
down €9,343 (-29.6%), from €31,584 to €22,241
- Tax, wage and social debts +€3,003
up €3,003 (+21.7%), from €13,823 to €16,826
of which Taxes: +€7,167
- Gross operating margin +€52,152
up €52,152 (+34.8%), from €149,734 to €201,886
- Staff costs +€13,684
up €13,684 (+11.4%), from €120,107 to €133,791
- Taxes +€8,670
up €8,670, from -€343 to €8,327
- Depreciation +€5,655
up €5,655 (+19.5%), from €29,055 to €34,711
- Financial charges +€2,107
up €2,107 (+74.2%), from €2,840 to €4,947
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 | €187,271 | €150,918 | -€36,354 | -19.4% |
| Fixed assets | 21/28 | €93,603 | €93,013 | -€591 | -0.6% |
| Intangible fixed assets | 21 | €616 | €419 | -€197 | -32.0% |
| Tangible fixed assets | 22/27 | €92,813 | €92,419 | -€394 | -0.4% |
| Land and buildings | 22 | €6,520 | €5,372 | -€1,149 | -17.6% |
| Plant, machinery and equipment | 23 | €36,567 | €34,553 | -€2,014 | -5.5% |
| Furniture and vehicles | 24 | €49,726 | €52,495 | +€2,769 | +5.6% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €93,668 | €57,905 | -€35,763 | -38.2% |
| Amounts receivable within one year | 40/41 | €38,272 | €14,203 | -€24,069 | -62.9% |
| Trade receivables | 40 | €27,642 | €5,731 | -€21,911 | -79.3% |
| Other amounts receivable | 41 | €10,630 | €8,471 | -€2,158 | -20.3% |
| Cash at bank and in hand | 54/58 | €53,588 | €39,912 | -€13,676 | -25.5% |
| Deferred charges and accrued income | 490/1 | €1,808 | €3,790 | +€1,982 | +109.6% |
| Total equity and liabilities | 10/49 | €187,271 | €150,918 | -€36,354 | -19.4% |
| Equity | 10/15 | €39,062 | €57,432 | +€18,370 | +47.0% |
| Contributions | 10/11 | €6,321 | €6,321 | = | 0.0% |
| Reserves | 13 | €21,641 | €40,011 | +€18,370 | +84.9% |
| Tax-exempt reserves | 132 | - | €3,306 | +€3,306 | |
| Distributable reserves | 133 | €21,641 | €36,705 | +€15,064 | +69.6% |
| Profit (loss) carried forward | 14 | €11,100 | €11,100 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €826 | +€826 | |
| Deferred taxes | 168 | - | €826 | +€826 | |
| Amounts payable | 17/49 | €148,209 | €92,659 | -€55,550 | -37.5% |
| Amounts payable after more than one year | 17 | €31,584 | €22,241 | -€9,343 | -29.6% |
| Financial debts | 170/4 | €31,584 | €22,241 | -€9,343 | -29.6% |
| Amounts payable within one year | 42/48 | €116,617 | €70,040 | -€46,576 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €22,335 | €23,338 | +€1,003 | +4.5% |
| Trade debts | 44 | €32,100 | €11,718 | -€20,382 | -63.5% |
| Suppliers | 440/4 | €32,100 | €11,718 | -€20,382 | -63.5% |
| Taxes, remuneration and social security | 45 | €13,823 | €16,826 | +€3,003 | +21.7% |
| Taxes | 450/3 | €0 | €7,167 | +€7,167 | |
| Remuneration and social security | 454/9 | €13,823 | €9,659 | -€4,164 | -30.1% |
| Other amounts payable | 47/48 | €48,359 | €18,158 | -€30,201 | -62.5% |
| Accrued charges and deferred income | 492/3 | €8 | €378 | +€369 | +4520.8% |
| Remuneration, social security and pensions | 62 | €120,107 | €133,791 | +€13,684 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,055 | €34,711 | +€5,655 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €1,331 | €1,339 | +€7 | +0.6% |
| Gross operating margin | 9900 | €149,734 | €201,886 | +€52,152 | +34.8% |
| Operating profit (loss) | 9901 | -€759 | €32,046 | +€32,805 | |
| Financial income | 75/76B | €236 | €425 | +€188 | +79.8% |
| Recurring financial income | 75 | €236 | €425 | +€188 | +79.8% |
| Financial charges | 65/66B | €2,840 | €4,947 | +€2,107 | +74.2% |
| Recurring financial charges | 65 | €2,840 | €4,947 | +€2,107 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,363 | €27,523 | +€30,887 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €826 | +€826 | |
| Income taxes | 67/77 | -€343 | €8,327 | +€8,670 | |
| Profit (loss) for the period | 9904 | -€3,020 | €18,370 | +€21,390 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €3,306 | +€3,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,020 | €15,064 | +€18,084 |
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 9 October 2026 via checked.be.