CREAD: 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.
CREAD
Largest movements
- Current investments +€168,903
up €168,903 (+12.8%), from €1.3m to €1.5m
- Cash +€50,087
up €50,087 (+77.8%), from €64,370 to €114,457
mainly Net result for the year (+€275,360) and Accrued charges and deferred income (+€2,580)
- Receivables within one year +€26,608
up €26,608 (+81.5%), from €32,663 to €59,271
of which Other amounts receivable: +€25,457
- Reserves +€275,360
up €275,360 (+21.0%), from €1.3m to €1.6m
of which Distributable reserves: +€275,360
- Gross operating margin +€78,423
up €78,423 (+27.1%), from €289,474 to €367,897
- Taxes +€37,278
up €37,278 (+40.0%), from €93,093 to €130,371
- Financial income +€26,404
up €26,404 (+164.8%), from €16,022 to €42,426
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,425,485 | €1,690,026 | +€264,541 | +18.6% |
| Fixed assets | 21/28 | €5,617 | €17,500 | +€11,883 | +211.6% |
| Tangible fixed assets | 22/27 | €5,617 | €17,454 | +€11,837 | +210.7% |
| Land and buildings | 22 | - | €12,643 | +€12,643 | |
| Furniture and vehicles | 24 | €5,617 | €4,811 | -€806 | -14.3% |
| Financial fixed assets | 28 | - | €46 | +€46 | |
| Current assets | 29/58 | €1,419,868 | €1,672,526 | +€252,658 | +17.8% |
| Amounts receivable within one year | 40/41 | €32,663 | €59,271 | +€26,608 | +81.5% |
| Trade receivables | 40 | €28,715 | €29,866 | +€1,151 | +4.0% |
| Other amounts receivable | 41 | €3,948 | €29,405 | +€25,457 | +644.8% |
| Current investments | 50/53 | €1,315,754 | €1,484,657 | +€168,903 | +12.8% |
| Cash at bank and in hand | 54/58 | €64,370 | €114,457 | +€50,087 | +77.8% |
| Deferred charges and accrued income | 490/1 | €7,081 | €14,141 | +€7,060 | +99.7% |
| Total equity and liabilities | 10/49 | €1,425,485 | €1,690,026 | +€264,541 | +18.6% |
| Equity | 10/15 | €1,390,167 | €1,665,527 | +€275,360 | +19.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,310,167 | €1,585,527 | +€275,360 | +21.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €1,302,167 | €1,577,527 | +€275,360 | +21.1% |
| Amounts payable | 17/49 | €35,318 | €24,499 | -€10,819 | -30.6% |
| Amounts payable within one year | 42/48 | €32,929 | €19,530 | -€13,399 | -40.7% |
| Trade debts | 44 | €2,856 | €3,925 | +€1,069 | +37.4% |
| Suppliers | 440/4 | €2,856 | €3,925 | +€1,069 | +37.4% |
| Taxes, remuneration and social security | 45 | €18,397 | €15,605 | -€2,792 | -15.2% |
| Taxes | 450/3 | €18,397 | €15,605 | -€2,792 | -15.2% |
| Other amounts payable | 47/48 | €11,676 | - | -€11,676 | |
| Accrued charges and deferred income | 492/3 | €2,389 | €4,969 | +€2,580 | +108.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,810 | €2,324 | +€514 | +28.4% |
| Other operating charges | 640/8 | €1,616 | €1,565 | -€51 | -3.2% |
| Gross operating margin | 9900 | €289,474 | €367,897 | +€78,423 | +27.1% |
| Operating profit (loss) | 9901 | €286,048 | €364,008 | +€77,960 | +27.3% |
| Financial income | 75/76B | €16,022 | €42,426 | +€26,404 | +164.8% |
| Recurring financial income | 75 | €16,022 | €42,426 | +€26,404 | +164.8% |
| Financial charges | 65/66B | -€977 | €703 | +€1,680 | |
| Recurring financial charges | 65 | -€977 | €703 | +€1,680 | |
| Profit (loss) for the period before taxes | 9903 | €303,047 | €405,731 | +€102,684 | +33.9% |
| Income taxes | 67/77 | €93,093 | €130,371 | +€37,278 | +40.0% |
| Profit (loss) for the period | 9904 | €209,954 | €275,360 | +€65,406 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €209,954 | €275,360 | +€65,406 | +31.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.