CREACOP: 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.
CREACOP
Largest movements
- Tangible fixed assets -€2,636
down €2,636 (-9.6%), from €27,546 to €24,910
- Cash +€649
up €649 (+35.4%), from €1,832 to €2,481
mainly Net result for the year (+€4,516) and Depreciation (+€2,636)
- Debts after one year -€8,834
down €8,834 (-81.1%), from €10,896 to €2,062
- Profit (loss) carried forward +€4,516
up €4,516 (+5.4%), from -€82,980 to -€78,464
- Trade debts +€2,150
up €2,150 (+409%), from €526 to €2,676
- Other debts +€628
up €628 (+1.1%), from €57,824 to €58,452
- Current portion of long-term debt -€348
down €348 (-3.8%), from €9,181 to €8,833
- Other operating charges -€39,694
down €39,694 (-98.2%), from €40,435 to €741
- Provisions -€20,000
no longer reported in 2023 (was €20,000)
- Gross operating margin -€1,863
down €1,863 (-17.3%), from €10,747 to €8,884
- Financial charges -€380
down €380 (-27.7%), from €1,371 to €991
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,788 | €27,900 | -€1,888 | -6.3% |
| Fixed assets | 21/28 | €27,546 | €24,910 | -€2,636 | -9.6% |
| Tangible fixed assets | 22/27 | €27,546 | €24,910 | -€2,636 | -9.6% |
| Land and buildings | 22 | €27,546 | €24,910 | -€2,636 | -9.6% |
| Current assets | 29/58 | €2,242 | €2,990 | +€748 | +33.4% |
| Cash at bank and in hand | 54/58 | €1,832 | €2,481 | +€649 | +35.4% |
| Deferred charges and accrued income | 490/1 | €410 | €509 | +€99 | +24.1% |
| Total equity and liabilities | 10/49 | €29,788 | €27,900 | -€1,888 | -6.3% |
| Equity | 10/15 | -€80,253 | -€75,737 | +€4,516 | +5.6% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Capital | 10 | €2,479 | €2,479 | = | 0.0% |
| Issued capital | 100 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Legal reserve | 130 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,980 | -€78,464 | +€4,516 | +5.4% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €90,041 | €83,637 | -€6,404 | -7.1% |
| Amounts payable after more than one year | 17 | €10,896 | €2,062 | -€8,834 | -81.1% |
| Financial debts | 170/4 | €10,896 | €2,062 | -€8,834 | -81.1% |
| Amounts payable within one year | 42/48 | €79,145 | €81,575 | +€2,430 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,181 | €8,833 | -€348 | -3.8% |
| Financial debts | 43 | €7,000 | €7,000 | = | 0.0% |
| Other loans | 439 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €526 | €2,676 | +€2,150 | +409% |
| Suppliers | 440/4 | €526 | €2,676 | +€2,150 | +409% |
| Taxes, remuneration and social security | 45 | €4,614 | €4,614 | = | 0.0% |
| Taxes | 450/3 | €4,614 | €4,614 | = | 0.0% |
| Other amounts payable | 47/48 | €57,824 | €58,452 | +€628 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €2,636 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,000 | - | -€20,000 | |
| Other operating charges | 640/8 | €40,435 | €741 | -€39,694 | -98.2% |
| Gross operating margin | 9900 | €10,747 | €8,884 | -€1,863 | -17.3% |
| Operating profit (loss) | 9901 | -€52,324 | €5,507 | +€57,831 | |
| Financial charges | 65/66B | €1,371 | €991 | -€380 | -27.7% |
| Recurring financial charges | 65 | €1,371 | €991 | -€380 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,695 | €4,516 | +€58,211 | |
| Profit (loss) for the period | 9904 | -€53,695 | €4,516 | +€58,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,695 | €4,516 | +€58,211 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.