CREADE CONSULT: 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.
CREADE CONSULT
Largest movements
- Current investments +€325,000
up €325,000 (+113067.1%), from €287 to €325,287
- Cash -€258,738
down €258,738 (-21.1%), from €1.2m to €969,455
mainly Current investments (-€325,000) and Investment in fixed assets (net) (-€152,366)
- Receivables within one year +€78,337
up €78,337 (+502.3%), from €15,597 to €93,934
of which Other amounts receivable: +€59,589
- Intangible fixed assets +€76,280
new in 2025: €76,280
- Tangible fixed assets +€53,637
up €53,637 (+17.0%), from €315,441 to €369,078
of which Land and buildings: +€31,151
- Debts after one year +€181,611
up €181,611 (+198.0%), from €91,742 to €273,353
of which Financial debts: +€189,614
- Accrued charges and deferred income +€85,936
up €85,936 (+6778.2%), from €1,268 to €87,204
- Gross operating margin -€1.4m
down €1.4m (-96.1%), from €1.4m to €55,809
- Taxes -€441,978
down €441,978 (-96.9%), from €456,337 to €14,359
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,665,022 | €1,941,764 | +€276,742 | +16.6% |
| Fixed assets | 21/28 | €420,441 | €550,357 | +€129,917 | +30.9% |
| Intangible fixed assets | 21 | - | €76,280 | +€76,280 | |
| Tangible fixed assets | 22/27 | €315,441 | €369,078 | +€53,637 | +17.0% |
| Land and buildings | 22 | €312,786 | €343,937 | +€31,151 | +10.0% |
| Furniture and vehicles | 24 | €2,655 | €25,141 | +€22,486 | +846.9% |
| Financial fixed assets | 28 | €105,000 | €105,000 | = | 0.0% |
| Current assets | 29/58 | €1,244,581 | €1,391,407 | +€146,826 | +11.8% |
| Amounts receivable within one year | 40/41 | €15,597 | €93,934 | +€78,337 | +502.3% |
| Trade receivables | 40 | €2,205 | €20,953 | +€18,748 | +850.4% |
| Other amounts receivable | 41 | €13,392 | €72,981 | +€59,589 | +445.0% |
| Current investments | 50/53 | €287 | €325,287 | +€325,000 | +113067.1% |
| Cash at bank and in hand | 54/58 | €1,228,193 | €969,455 | -€258,738 | -21.1% |
| Deferred charges and accrued income | 490/1 | €504 | €2,730 | +€2,226 | +441.6% |
| Total equity and liabilities | 10/49 | €1,665,022 | €1,941,764 | +€276,742 | +16.6% |
| Equity | 10/15 | €1,397,009 | €1,410,700 | +€13,691 | +1.0% |
| Contributions | 10/11 | €75,194 | €75,194 | = | 0.0% |
| Reserves | 13 | €1,321,815 | €1,335,506 | +€13,691 | +1.0% |
| Distributable reserves | 133 | €1,321,815 | €1,335,506 | +€13,691 | +1.0% |
| Amounts payable | 17/49 | €268,013 | €531,064 | +€263,051 | +98.1% |
| Amounts payable after more than one year | 17 | €91,742 | €273,353 | +€181,611 | +198.0% |
| Financial debts | 170/4 | €58,740 | €248,353 | +€189,614 | +322.8% |
| Other amounts payable | 178/9 | €33,003 | €25,000 | -€8,003 | -24.2% |
| Amounts payable within one year | 42/48 | €175,003 | €170,507 | -€4,497 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €21,777 | €36,811 | +€15,034 | +69.0% |
| Trade debts | 44 | €37,713 | €23,608 | -€14,105 | -37.4% |
| Suppliers | 440/4 | €37,713 | €23,608 | -€14,105 | -37.4% |
| Taxes, remuneration and social security | 45 | €111,192 | €110,087 | -€1,105 | -1.0% |
| Taxes | 450/3 | €111,192 | €110,087 | -€1,105 | -1.0% |
| Other amounts payable | 47/48 | €4,321 | - | -€4,321 | |
| Accrued charges and deferred income | 492/3 | €1,268 | €87,204 | +€85,936 | +6778.2% |
| Non-recurring operating income | 76A | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €89 | - | -€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,147 | €22,450 | +€5,302 | +30.9% |
| Other operating charges | 640/8 | €5,328 | €2,151 | -€3,177 | -59.6% |
| Non-recurring operating charges | 66A | - | €1,992 | +€1,992 | |
| Gross operating margin | 9900 | €1,434,763 | €55,809 | -€1.4m | -96.1% |
| Operating profit (loss) | 9901 | €1,412,199 | €29,217 | -€1.4m | -97.9% |
| Financial income | 75/76B | €22,050 | €18,981 | -€3,069 | -13.9% |
| Recurring financial income | 75 | €22,050 | €18,981 | -€3,069 | -13.9% |
| Financial charges | 65/66B | €16,271 | €5,748 | -€10,524 | -64.7% |
| Recurring financial charges | 65 | €16,271 | €5,748 | -€10,524 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €1,417,978 | €42,450 | -€1.4m | -97.0% |
| Income taxes | 67/77 | €456,337 | €14,359 | -€441,978 | -96.9% |
| Profit (loss) for the period | 9904 | €961,641 | €28,091 | -€933,550 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €961,641 | €28,091 | -€933,550 | -97.1% |
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 9 October 2026 via checked.be.