CREABORD: 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.
CREABORD
Largest movements
- Receivables within one year +€2,640
up €2,640 (+2.7%), from €97,927 to €100,567
of which Trade receivables: +€2,520
- Cash -€1,701
down €1,701 (-47.4%), from €3,589 to €1,888
mainly Tax, wage and social debts (-€30,819) and Accrued charges and deferred income (-€5,000)
- Other debts +€36,781
up €36,781 (+79.3%), from €46,390 to €83,171
- Tax, wage and social debts -€30,819
down €30,819 (-67.7%), from €45,540 to €14,721
of which Remuneration and social security: -€27,537
- Accrued charges and deferred income -€5,000
no longer reported in 2025 (was €5,000)
- Trade debts -€3,799
down €3,799 (-4.0%), from €94,331 to €90,532
- Profit (loss) carried forward +€3,151
up €3,151 (+5.9%), from -€53,418 to -€50,267
- Staff costs -€53,679
down €53,679 (-84.1%), from €63,862 to €10,183
- Gross operating margin +€9,750
up €9,750 (+48.4%), from €20,156 to €29,906
- Financial charges +€7,580
up €7,580 (+482%), from €1,571 to €9,151
- Other operating charges +€5,168
up €5,168 (+705%), from €733 to €5,901
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 | €163,316 | €162,455 | -€861 | -0.5% |
| Fixed assets | 21/28 | €946 | - | -€946 | |
| Tangible fixed assets | 22/27 | €862 | - | -€862 | |
| Plant, machinery and equipment | 23 | €456 | - | -€456 | |
| Furniture and vehicles | 24 | €406 | - | -€406 | |
| Financial fixed assets | 28 | €84 | - | -€84 | |
| Current assets | 29/58 | €162,370 | €162,455 | +€85 | +0.1% |
| Stocks and contracts in progress | 3 | €60,854 | €60,000 | -€854 | -1.4% |
| Stocks | 30/36 | €854 | - | -€854 | |
| Contracts in progress | 37 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,927 | €100,567 | +€2,640 | +2.7% |
| Trade receivables | 40 | €97,927 | €100,447 | +€2,520 | +2.6% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €3,589 | €1,888 | -€1,701 | -47.4% |
| Total equity and liabilities | 10/49 | €163,316 | €162,455 | -€861 | -0.5% |
| Equity | 10/15 | -€29,120 | -€25,969 | +€3,151 | +10.8% |
| Contributions | 10/11 | €13,697 | €13,697 | = | 0.0% |
| Contributions outside capital | 11 | €13,697 | €13,697 | = | 0.0% |
| Share premium | 1100/10 | €13,697 | €13,697 | = | 0.0% |
| Reserves | 13 | €10,601 | €10,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,742 | €8,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,418 | -€50,267 | +€3,151 | +5.9% |
| Amounts payable | 17/49 | €192,436 | €188,424 | -€4,012 | -2.1% |
| Amounts payable within one year | 42/48 | €187,436 | €188,424 | +€988 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €1,175 | - | -€1,175 | |
| Trade debts | 44 | €94,331 | €90,532 | -€3,799 | -4.0% |
| Suppliers | 440/4 | €94,331 | €90,532 | -€3,799 | -4.0% |
| Taxes, remuneration and social security | 45 | €45,540 | €14,721 | -€30,819 | -67.7% |
| Taxes | 450/3 | €8,571 | €5,289 | -€3,282 | -38.3% |
| Remuneration and social security | 454/9 | €36,969 | €9,432 | -€27,537 | -74.5% |
| Other amounts payable | 47/48 | €46,390 | €83,171 | +€36,781 | +79.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €63,862 | €10,183 | -€53,679 | -84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €862 | = | 0.0% |
| Other operating charges | 640/8 | €733 | €5,901 | +€5,168 | +705% |
| Non-recurring operating charges | 66A | €250 | €625 | +€375 | +150% |
| Gross operating margin | 9900 | €20,156 | €29,906 | +€9,750 | +48.4% |
| Operating profit (loss) | 9901 | -€45,551 | €12,335 | +€57,886 | |
| Financial charges | 65/66B | €1,571 | €9,151 | +€7,580 | +482% |
| Recurring financial charges | 65 | €1,571 | €9,151 | +€7,580 | +482% |
| Profit (loss) for the period before taxes | 9903 | -€47,122 | €3,184 | +€50,306 | |
| Income taxes | 67/77 | €21 | €33 | +€12 | +57.1% |
| Profit (loss) for the period | 9904 | -€47,143 | €3,151 | +€50,294 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,143 | €3,151 | +€50,294 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.