CREACORD: 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.
CREACORD
Largest movements
- Cash +€5,017
up €5,017 (+62.2%), from €8,061 to €13,079
mainly Trade debts (+€4,697) and Depreciation (+€2,655)
- Tangible fixed assets -€2,655
down €2,655 (-26.8%), from €9,900 to €7,244
of which Plant, machinery and equipment: -€2,188
- Receivables within one year -€937
down €937 (-26.6%), from €3,530 to €2,592
of which Other amounts receivable: -€595
- Trade debts +€4,697
up €4,697 (+86.0%), from €5,460 to €10,158
- Profit (loss) carried forward -€2,873
down €2,873 (-51.8%), from -€5,544 to -€8,417
- Current portion of long-term debt -€500
no longer reported in 2025 (was €500)
- Depreciation -€1,279
down €1,279 (-32.5%), from €3,934 to €2,655
- Gross operating margin -€978
down €978 (-20.8%), from €4,709 to €3,731
- Other operating charges -€53
down €53 (-1.4%), from €3,817 to €3,765
- Financial charges -€49
down €49 (-26.4%), from €184 to €136
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 | €23,749 | €25,325 | +€1,576 | +6.6% |
| Fixed assets | 21/28 | €9,973 | €7,318 | -€2,655 | -26.6% |
| Tangible fixed assets | 22/27 | €9,900 | €7,244 | -€2,655 | -26.8% |
| Plant, machinery and equipment | 23 | €7,885 | €5,697 | -€2,188 | -27.7% |
| Furniture and vehicles | 24 | €2,015 | €1,548 | -€468 | -23.2% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €13,776 | €18,007 | +€4,231 | +30.7% |
| Amounts receivable within one year | 40/41 | €3,530 | €2,592 | -€937 | -26.6% |
| Trade receivables | 40 | €2,934 | €2,592 | -€342 | -11.7% |
| Other amounts receivable | 41 | €595 | - | -€595 | |
| Cash at bank and in hand | 54/58 | €8,061 | €13,079 | +€5,017 | +62.2% |
| Deferred charges and accrued income | 490/1 | €2,185 | €2,336 | +€151 | +6.9% |
| Total equity and liabilities | 10/49 | €23,749 | €25,325 | +€1,576 | +6.6% |
| Equity | 10/15 | €14,197 | €11,325 | -€2,873 | -20.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,192 | €1,192 | = | 0.0% |
| Distributable reserves | 133 | €1,192 | €1,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,544 | -€8,417 | -€2,873 | -51.8% |
| Amounts payable | 17/49 | €9,552 | €14,000 | +€4,448 | +46.6% |
| Amounts payable within one year | 42/48 | €9,552 | €14,000 | +€4,448 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €500 | - | -€500 | |
| Trade debts | 44 | €5,460 | €10,158 | +€4,697 | +86.0% |
| Suppliers | 440/4 | €5,460 | €10,158 | +€4,697 | +86.0% |
| Taxes, remuneration and social security | 45 | €140 | €263 | +€123 | +88.4% |
| Taxes | 450/3 | €140 | €263 | +€123 | +88.4% |
| Other amounts payable | 47/48 | €3,452 | €3,579 | +€128 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,934 | €2,655 | -€1,279 | -32.5% |
| Other operating charges | 640/8 | €3,817 | €3,765 | -€53 | -1.4% |
| Gross operating margin | 9900 | €4,709 | €3,731 | -€978 | -20.8% |
| Operating profit (loss) | 9901 | -€3,043 | -€2,689 | +€354 | +11.6% |
| Financial income | 75/76B | €51 | €97 | +€47 | +92.1% |
| Recurring financial income | 75 | €51 | €97 | +€47 | +92.1% |
| Financial charges | 65/66B | €184 | €136 | -€49 | -26.4% |
| Recurring financial charges | 65 | €184 | €136 | -€49 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,176 | -€2,727 | +€449 | +14.1% |
| Income taxes | 67/77 | €155 | €145 | -€10 | -6.3% |
| Profit (loss) for the period | 9904 | -€3,331 | -€2,873 | +€459 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,331 | -€2,873 | +€459 | +13.8% |
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 30 October 2026 via checked.be.