CREABORDS: 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.
CREABORDS
Largest movements
- Tangible fixed assets -€18,590
down €18,590 (-79.7%), from €23,325 to €4,735
of which Furniture and vehicles: -€18,224
- Receivables within one year -€3,214
down €3,214 (-4.1%), from €77,508 to €74,294
of which Trade receivables: -€3,837
- Other debts -€15,044
down €15,044 (-8.0%), from €187,000 to €171,956
- Debts after one year -€14,699
down €14,699 (-73.7%), from €19,952 to €5,254
- Profit (loss) carried forward +€10,603
up €10,603 (+6.2%), from -€171,062 to -€160,460
- Trade debts -€1,827
down €1,827 (-77.6%), from €2,354 to €527
- Tax, wage and social debts -€1,821
down €1,821 (-96.5%), from €1,887 to €66
- Other operating charges -€17,917
down €17,917 (-94.2%), from €19,027 to €1,109
- Gross operating margin +€16,670
up €16,670 (+6,828%), from €244 to €16,914
- Depreciation -€2,699
down €2,699 (-48.4%), from €5,579 to €2,880
- Financial charges -€938
down €938 (-32.6%), from €2,876 to €1,938
- Taxes -€299
no longer reported in 2025 (was €299)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,858 | €79,054 | -€21,803 | -21.6% |
| Fixed assets | 21/28 | €23,350 | €4,760 | -€18,590 | -79.6% |
| Tangible fixed assets | 22/27 | €23,325 | €4,735 | -€18,590 | -79.7% |
| Plant, machinery and equipment | 23 | €790 | €424 | -€366 | -46.3% |
| Furniture and vehicles | 24 | €22,535 | €4,311 | -€18,224 | -80.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €77,508 | €74,294 | -€3,214 | -4.1% |
| Amounts receivable within one year | 40/41 | €77,508 | €74,294 | -€3,214 | -4.1% |
| Trade receivables | 40 | €77,508 | €73,671 | -€3,837 | -5.0% |
| Other amounts receivable | 41 | - | €623 | +€623 | |
| Total equity and liabilities | 10/49 | €100,858 | €79,054 | -€21,803 | -21.6% |
| Equity | 10/15 | -€125,055 | -€114,453 | +€10,603 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,007 | €26,007 | = | 0.0% |
| Distributable reserves | 133 | €26,007 | €26,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,062 | -€160,460 | +€10,603 | +6.2% |
| Amounts payable | 17/49 | €225,913 | €193,507 | -€32,406 | -14.3% |
| Amounts payable after more than one year | 17 | €19,952 | €5,254 | -€14,699 | -73.7% |
| Financial debts | 170/4 | €19,952 | €5,254 | -€14,699 | -73.7% |
| Amounts payable within one year | 42/48 | €205,960 | €188,253 | -€17,707 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €13,928 | €14,699 | +€770 | +5.5% |
| Financial debts | 43 | €791 | €1,006 | +€215 | +27.2% |
| Credit institutions | 430/8 | €791 | - | -€791 | |
| Other loans | 439 | - | €1,006 | +€1,006 | |
| Trade debts | 44 | €2,354 | €527 | -€1,827 | -77.6% |
| Suppliers | 440/4 | €2,354 | €527 | -€1,827 | -77.6% |
| Taxes, remuneration and social security | 45 | €1,887 | €66 | -€1,821 | -96.5% |
| Taxes | 450/3 | €1,887 | €66 | -€1,821 | -96.5% |
| Other amounts payable | 47/48 | €187,000 | €171,956 | -€15,044 | -8.0% |
| Non-recurring operating income | 76A | - | €313 | +€313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,579 | €2,880 | -€2,699 | -48.4% |
| Other operating charges | 640/8 | €19,027 | €1,109 | -€17,917 | -94.2% |
| Non-recurring operating charges | 66A | - | €384 | +€384 | |
| Gross operating margin | 9900 | €244 | €16,914 | +€16,670 | +6,828% |
| Operating profit (loss) | 9901 | -€24,361 | €12,541 | +€36,902 | |
| Financial charges | 65/66B | €2,876 | €1,938 | -€938 | -32.6% |
| Recurring financial charges | 65 | €2,876 | €1,938 | -€938 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,237 | €10,603 | +€37,840 | |
| Income taxes | 67/77 | €299 | - | -€299 | |
| Profit (loss) for the period | 9904 | -€27,536 | €10,603 | +€38,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,536 | €10,603 | +€38,139 |
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 22 October 2026 via checked.be.