CREACEED: what changed
Two fiscal 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.
CREACEED
Largest movements
- Current investments -€120,629
down €120,629 (-41.2%), from €292,811 to €172,183
- Cash +€85,639
up €85,639 (+86.4%), from €99,137 to €184,775
mainly Current investments (+€120,629) and Depreciation (+€12,879)
- Tangible fixed assets -€10,855
down €10,855 (-43.4%), from €25,037 to €14,182
- Receivables within one year -€5,790
down €5,790 (-23.1%), from €25,045 to €19,255
of which Other amounts receivable: -€11,865
- Reserves -€52,839
down €52,839 (-13.0%), from €405,254 to €352,416
- Financial income -€7,996
down €7,996 (-32.8%), from €24,383 to €16,388
- Staff costs +€7,861
up €7,861 (+6.6%), from €119,922 to €127,783
- Gross operating margin +€3,392
up €3,392 (+4.6%), from €73,834 to €77,226
- Financial charges +€1,130
up €1,130 (+29.0%), from €3,894 to €5,024
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 | €446,680 | €396,011 | -€50,669 | -11.3% |
| Fixed assets | 21/28 | €26,287 | €14,432 | -€11,855 | -45.1% |
| Tangible fixed assets | 22/27 | €25,037 | €14,182 | -€10,855 | -43.4% |
| Furniture and vehicles | 24 | €25,037 | €14,182 | -€10,855 | -43.4% |
| Financial fixed assets | 28 | €1,250 | €250 | -€1,000 | -80.0% |
| Current assets | 29/58 | €420,394 | €381,580 | -€38,814 | -9.2% |
| Amounts receivable within one year | 40/41 | €25,045 | €19,255 | -€5,790 | -23.1% |
| Trade receivables | 40 | €12,505 | €18,579 | +€6,075 | +48.6% |
| Other amounts receivable | 41 | €12,541 | €676 | -€11,865 | -94.6% |
| Current investments | 50/53 | €292,811 | €172,183 | -€120,629 | -41.2% |
| Cash at bank and in hand | 54/58 | €99,137 | €184,775 | +€85,639 | +86.4% |
| Deferred charges and accrued income | 490/1 | €3,401 | €5,367 | +€1,966 | +57.8% |
| Total equity and liabilities | 10/49 | €446,680 | €396,011 | -€50,669 | -11.3% |
| Equity | 10/15 | €423,854 | €371,016 | -€52,839 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €405,254 | €352,416 | -€52,839 | -13.0% |
| Distributable reserves | 133 | €405,254 | €352,416 | -€52,839 | -13.0% |
| Amounts payable | 17/49 | €22,826 | €24,996 | +€2,170 | +9.5% |
| Amounts payable within one year | 42/48 | €20,169 | €21,139 | +€970 | +4.8% |
| Trade debts | 44 | €2,575 | €3,808 | +€1,232 | +47.9% |
| Suppliers | 440/4 | €2,575 | €3,808 | +€1,232 | +47.9% |
| Taxes, remuneration and social security | 45 | €14,594 | €14,336 | -€258 | -1.8% |
| Taxes | 450/3 | €732 | €0 | -€732 | -100.0% |
| Remuneration and social security | 454/9 | €13,862 | €14,336 | +€474 | +3.4% |
| Other amounts payable | 47/48 | €2,999 | €2,995 | -€4 | -0.1% |
| Accrued charges and deferred income | 492/3 | €2,657 | €3,857 | +€1,200 | +45.1% |
| Remuneration, social security and pensions | 62 | €119,922 | €127,783 | +€7,861 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,375 | €12,879 | -€495 | -3.7% |
| Other operating charges | 640/8 | €478 | €340 | -€138 | -28.9% |
| Gross operating margin | 9900 | €73,834 | €77,226 | +€3,392 | +4.6% |
| Operating profit (loss) | 9901 | -€59,941 | -€63,776 | -€3,836 | -6.4% |
| Financial income | 75/76B | €24,383 | €16,388 | -€7,996 | -32.8% |
| Recurring financial income | 75 | €24,383 | €16,388 | -€7,996 | -32.8% |
| Financial charges | 65/66B | €3,894 | €5,024 | +€1,130 | +29.0% |
| Recurring financial charges | 65 | €3,894 | €5,024 | +€1,130 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,451 | -€52,413 | -€12,961 | -32.9% |
| Income taxes | 67/77 | €878 | €426 | -€452 | -51.5% |
| Profit (loss) for the period | 9904 | -€40,330 | -€52,839 | -€12,509 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,330 | -€52,839 | -€12,509 | -31.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.