CREACO: 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.
What changed
CREACO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,531
2024 · -€501-€15,030
Equity
€210,809
2024 · €225,544-€14,735
Cash
-
2024 · €58-€58
Balance sheet total
€415,498
2024 · €417,370-€1,872
Largest movements
Assets
- Tangible fixed assets -€22,371
down €22,371 (-6.3%), from €353,977 to €331,606
of which Land and buildings: -€19,746
- Receivables within one year +€21,875
up €21,875 (+57.4%), from €38,087 to €59,962
of which Trade receivables: +€20,126
Equity and liabilities
- Other debts +€29,047
up €29,047 (+95.2%), from €30,528 to €59,575
- Debts after one year -€21,072
down €21,072 (-20.4%), from €103,485 to €82,413
- Profit (loss) carried forward -€14,735
down €14,735 (-8.0%), from €183,056 to €168,321
- Short-term financial debts +€4,415
new in 2025: €4,415
Income statement
- Gross operating margin -€14,117
down €14,117 (-49.9%), from €28,312 to €14,195
- Financial charges -€5,273
down €5,273 (-62.4%), from €8,452 to €3,179
of which Financial charges: -€4,225
- Other operating charges -€794
down €794 (-40.4%), from €1,964 to €1,170
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.
Result 2024
-€501
Gross operating margin
-€14,117
Depreciation
+€123
Other operating charges
+€794
Other operating items
-€7,241
Financial charges
+€5,273
Taxes
+€136
Result 2025
-€15,531
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.
From operations
+€19,171
Investment
-€1,406
Financing
-€17,822
Cash 2024
€58
From operations (derived)
+€19,171
Net result for the year
-€15,531
Depreciation
+€25,377
Smaller working-capital items
-€0
Receivables within one year
-€21,875
Deferred charges and accrued income
-€281
Trade debts
+€1,494
Tax, wage and social debts
+€723
Other debts
+€29,047
Accrued charges and deferred income
+€217
Investment (derived)
-€1,406
Investment in fixed assets (net)
-€1,406
Financing
-€17,822
Debts after one year
-€21,072
Current portion of long-term debt
-€1,961
Short-term financial debts
+€4,415
Contributions, distributions and other
+€796
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,370 | €415,498 | -€1,872 | -0.4% |
| Formation expenses | 20 | €21,128 | €19,528 | -€1,600 | -7.6% |
| Fixed assets | 21/28 | €353,977 | €331,606 | -€22,371 | -6.3% |
| Tangible fixed assets | 22/27 | €353,977 | €331,606 | -€22,371 | -6.3% |
| Land and buildings | 22 | €346,232 | €326,486 | -€19,746 | -5.7% |
| Plant, machinery and equipment | 23 | €7,118 | €4,237 | -€2,881 | -40.5% |
| Furniture and vehicles | 24 | €627 | €883 | +€256 | +40.8% |
| Current assets | 29/58 | €42,266 | €64,364 | +€22,099 | +52.3% |
| Stocks and contracts in progress | 3 | €3,455 | €3,455 | +€1 | 0.0% |
| Stocks | 30/36 | €3,455 | €3,455 | +€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €38,087 | €59,962 | +€21,875 | +57.4% |
| Trade receivables | 40 | €37,862 | €57,988 | +€20,126 | +53.2% |
| Other amounts receivable | 41 | €224 | €1,974 | +€1,750 | +779.6% |
| Cash at bank and in hand | 54/58 | €58 | - | -€58 | |
| Deferred charges and accrued income | 490/1 | €666 | €947 | +€281 | +42.1% |
| Total equity and liabilities | 10/49 | €417,370 | €415,498 | -€1,872 | -0.4% |
| Equity | 10/15 | €225,544 | €210,809 | -€14,735 | -6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | - | €20,000 | +€20,000 | |
| Share premium | 1100/10 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €22,488 | €22,488 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €20,488 | €20,488 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €183,056 | €168,321 | -€14,735 | -8.0% |
| Amounts payable | 17/49 | €191,826 | €204,689 | +€12,863 | +6.7% |
| Amounts payable after more than one year | 17 | €103,485 | €82,413 | -€21,072 | -20.4% |
| Financial debts | 170/4 | €103,485 | €82,413 | -€21,072 | -20.4% |
| Amounts payable within one year | 42/48 | €87,555 | €121,273 | +€33,718 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €22,844 | €20,883 | -€1,961 | -8.6% |
| Financial debts | 43 | - | €4,415 | +€4,415 | |
| Credit institutions | 430/8 | - | €4,415 | +€4,415 | |
| Trade debts | 44 | €32,277 | €33,771 | +€1,494 | +4.6% |
| Suppliers | 440/4 | €32,277 | €33,771 | +€1,494 | +4.6% |
| Advances received on contracts in progress | 46 | €1,906 | €1,906 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | - | €723 | +€723 | |
| Taxes | 450/3 | - | €723 | +€723 | |
| Other amounts payable | 47/48 | €30,528 | €59,575 | +€29,047 | +95.2% |
| Accrued charges and deferred income | 492/3 | €786 | €1,003 | +€217 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,500 | €25,377 | -€123 | -0.5% |
| Other operating charges | 640/8 | €1,964 | €1,170 | -€794 | -40.4% |
| Operating charges capitalised as restructuring costs | 649 | -€7,241 | - | +€7,241 | |
| Gross operating margin | 9900 | €28,312 | €14,195 | -€14,117 | -49.9% |
| Operating profit (loss) | 9901 | €8,088 | -€12,352 | -€20,440 | |
| Financial charges | 65/66B | €8,452 | €3,179 | -€5,273 | -62.4% |
| Recurring financial charges | 65 | €7,247 | €3,022 | -€4,225 | -58.3% |
| Non-recurring financial charges | 66B | €1,205 | €157 | -€1,048 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€364 | -€15,531 | -€15,167 | -4165.7% |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€501 | -€15,531 | -€15,030 | -3002.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€501 | -€15,531 | -€15,030 | -3002.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.