CREACODE: 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.
CREACODE
Largest movements
- Cash +€29,583
up €29,583 (+25.6%), from €115,671 to €145,254
mainly Net result for the year (+€29,403) and Tax, wage and social debts (+€21,253)
- Receivables within one year +€8,791
up €8,791 (+90,817%), from €10 to €8,801
of which Trade receivables: +€8,801
- Tangible fixed assets +€6,953
up €6,953 (+9.4%), from €74,302 to €81,255
of which Plant, machinery and equipment: +€7,991
- Reserves +€29,403
up €29,403 (+35.6%), from €82,513 to €111,917
of which Distributable reserves: +€29,403
- Tax, wage and social debts +€21,253
up €21,253 (+385%), from €5,525 to €26,778
of which Taxes: +€15,523
- Other debts -€4,825
down €4,825 (-12.9%), from €37,529 to €32,703
- Gross operating margin +€43,064
up €43,064 (+738%), from €5,837 to €48,901
- Taxes +€14,580
up €14,580 (+1,883%), from €774 to €15,354
- Depreciation +€599
up €599 (+45.4%), from €1,319 to €1,918
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 | €191,117 | €236,356 | +€45,239 | +23.7% |
| Fixed assets | 21/28 | €74,351 | €81,304 | +€6,953 | +9.4% |
| Tangible fixed assets | 22/27 | €74,302 | €81,255 | +€6,953 | +9.4% |
| Land and buildings | 22 | €66,987 | €66,459 | -€528 | -0.8% |
| Plant, machinery and equipment | 23 | €6,344 | €14,335 | +€7,991 | +126% |
| Furniture and vehicles | 24 | €971 | €461 | -€510 | -52.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €116,766 | €155,052 | +€38,286 | +32.8% |
| Amounts receivable within one year | 40/41 | €10 | €8,801 | +€8,791 | +90,817% |
| Trade receivables | 40 | €0 | €8,801 | +€8,801 | |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Cash at bank and in hand | 54/58 | €115,671 | €145,254 | +€29,583 | +25.6% |
| Deferred charges and accrued income | 490/1 | €1,085 | €998 | -€88 | -8.1% |
| Total equity and liabilities | 10/49 | €191,117 | €236,356 | +€45,239 | +23.7% |
| Equity | 10/15 | €101,105 | €130,509 | +€29,403 | +29.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,513 | €111,917 | +€29,403 | +35.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €78,154 | €107,557 | +€29,403 | +37.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €46,318 | €46,318 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €46,318 | €46,318 | = | 0.0% |
| Pensions and similar obligations | 160 | €46,318 | €46,318 | = | 0.0% |
| Amounts payable | 17/49 | €43,695 | €59,530 | +€15,836 | +36.2% |
| Amounts payable within one year | 42/48 | €43,695 | €59,530 | +€15,836 | +36.2% |
| Trade debts | 44 | €641 | €49 | -€592 | -92.3% |
| Suppliers | 440/4 | €641 | €49 | -€592 | -92.3% |
| Taxes, remuneration and social security | 45 | €5,525 | €26,778 | +€21,253 | +385% |
| Taxes | 450/3 | €5,525 | €21,048 | +€15,523 | +281% |
| Remuneration and social security | 454/9 | €0 | €5,730 | +€5,730 | |
| Other amounts payable | 47/48 | €37,529 | €32,703 | -€4,825 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,319 | €1,918 | +€599 | +45.4% |
| Other operating charges | 640/8 | €1,962 | €2,066 | +€104 | +5.3% |
| Gross operating margin | 9900 | €5,837 | €48,901 | +€43,064 | +738% |
| Operating profit (loss) | 9901 | €2,556 | €44,917 | +€42,361 | +1,657% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €142 | €160 | +€18 | +13.0% |
| Recurring financial charges | 65 | €142 | €160 | +€18 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €2,414 | €44,757 | +€42,343 | +1,754% |
| Income taxes | 67/77 | €774 | €15,354 | +€14,580 | +1,883% |
| Profit (loss) for the period | 9904 | €1,640 | €29,403 | +€27,763 | +1,693% |
| Profit (loss) for the period to be appropriated | 9905 | €1,640 | €29,403 | +€27,763 | +1,693% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.