CREACIM: 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.
CREACIM
Largest movements
- Receivables within one year -€41,980
down €41,980 (-39.2%), from €107,186 to €65,206
of which Other amounts receivable: -€40,067
- Tangible fixed assets -€13,889
down €13,889 (-4.4%), from €314,552 to €300,663
of which Land and buildings: -€24,884
- Profit (loss) carried forward -€45,390
down €45,390 (-47.5%), from -€95,629 to -€141,019
- Other debts -€9,756
down €9,756 (-4.5%), from €216,270 to €206,514
- Trade debts +€4,933
up €4,933 (+94.1%), from €5,239 to €10,172
- Depreciation -€30,237
down €30,237 (-50.3%), from €60,097 to €29,861
- Gross operating margin +€10,827
up €10,827 (+1,519%), from €713 to €11,539
- Financial charges -€2,452
down €2,452 (-13.4%), from €18,309 to €15,857
- Other operating charges -€1,489
down €1,489 (-12.3%), from €12,057 to €10,569
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 | €443,323 | €388,625 | -€54,698 | -12.3% |
| Fixed assets | 21/28 | €314,552 | €300,663 | -€13,889 | -4.4% |
| Tangible fixed assets | 22/27 | €314,552 | €300,663 | -€13,889 | -4.4% |
| Land and buildings | 22 | €301,466 | €276,582 | -€24,884 | -8.3% |
| Plant, machinery and equipment | 23 | €8,157 | €10,281 | +€2,124 | +26.0% |
| Furniture and vehicles | 24 | €1,156 | €10,026 | +€8,871 | +767% |
| Other tangible fixed assets | 26 | €3,774 | €3,774 | = | 0.0% |
| Current assets | 29/58 | €128,771 | €87,962 | -€40,809 | -31.7% |
| Amounts receivable within one year | 40/41 | €107,186 | €65,206 | -€41,980 | -39.2% |
| Trade receivables | 40 | €2,253 | €340 | -€1,913 | -84.9% |
| Other amounts receivable | 41 | €104,933 | €64,866 | -€40,067 | -38.2% |
| Cash at bank and in hand | 54/58 | €16,950 | €19,299 | +€2,349 | +13.9% |
| Deferred charges and accrued income | 490/1 | €4,635 | €3,457 | -€1,178 | -25.4% |
| Total equity and liabilities | 10/49 | €443,323 | €388,625 | -€54,698 | -12.3% |
| Equity | 10/15 | €199,847 | €154,456 | -€45,390 | -22.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,063 | €1,063 | = | 0.0% |
| Reserves | 13 | €269,412 | €269,412 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €250,662 | €250,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,629 | -€141,019 | -€45,390 | -47.5% |
| Amounts payable | 17/49 | €243,476 | €234,169 | -€9,307 | -3.8% |
| Amounts payable within one year | 42/48 | €231,387 | €223,299 | -€8,088 | -3.5% |
| Financial debts | 43 | - | €54 | +€54 | |
| Credit institutions | 430/8 | - | €54 | +€54 | |
| Trade debts | 44 | €5,239 | €10,172 | +€4,933 | +94.1% |
| Suppliers | 440/4 | €5,239 | €10,172 | +€4,933 | +94.1% |
| Taxes, remuneration and social security | 45 | €9,877 | €6,559 | -€3,319 | -33.6% |
| Taxes | 450/3 | €9,877 | €6,559 | -€3,319 | -33.6% |
| Other amounts payable | 47/48 | €216,270 | €206,514 | -€9,756 | -4.5% |
| Accrued charges and deferred income | 492/3 | €12,090 | €10,870 | -€1,219 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,097 | €29,861 | -€30,237 | -50.3% |
| Other operating charges | 640/8 | €12,057 | €10,569 | -€1,489 | -12.3% |
| Gross operating margin | 9900 | €713 | €11,539 | +€10,827 | +1,519% |
| Operating profit (loss) | 9901 | -€71,442 | -€28,890 | +€42,552 | +59.6% |
| Financial income | 75/76B | €14 | €7 | -€6 | -46.3% |
| Recurring financial income | 75 | €14 | €7 | -€6 | -46.3% |
| Financial charges | 65/66B | €18,309 | €15,857 | -€2,452 | -13.4% |
| Recurring financial charges | 65 | €18,309 | €15,857 | -€2,452 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€89,738 | -€44,740 | +€44,998 | +50.1% |
| Income taxes | 67/77 | €740 | €651 | -€89 | -12.1% |
| Profit (loss) for the period | 9904 | -€90,478 | -€45,390 | +€45,087 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,478 | -€45,390 | +€45,087 | +49.8% |
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 21 October 2026 via checked.be.