CREADYN: 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.
CREADYN
Largest movements
- Tangible fixed assets +€49,526
up €49,526 (+32.9%), from €150,704 to €200,230
of which Furniture and vehicles: +€61,255
- Receivables within one year -€25,101
down €25,101 (-37.3%), from €67,295 to €42,194
of which Other amounts receivable: -€16,972
- Cash +€4,431
up €4,431 (+81.0%), from €5,471 to €9,901
mainly Other debts (+€112,579) and Net result for the year (+€68,413)
- Reserves -€119,400
down €119,400 (-67.9%), from €175,850 to €56,450
of which Distributable reserves: -€119,400
- Other debts +€112,579
up €112,579 (+210.9%), from €53,369 to €165,949
- Profit (loss) carried forward +€23,413
up €23,413, from -€23,387 to €26
- Tax, wage and social debts +€16,260
up €16,260 (+353.6%), from €4,599 to €20,859
- Trade debts -€5,322
down €5,322 (-61.2%), from €8,696 to €3,374
- Gross operating margin +€81,160
up €81,160 (+176.4%), from €46,003 to €127,164
- Taxes +€25,741
up €25,741 (+656.2%), from €3,923 to €29,664
- Depreciation -€9,384
down €9,384 (-31.6%), from €29,692 to €20,308
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 | €280,628 | €308,159 | +€27,531 | +9.8% |
| Fixed assets | 21/28 | €150,764 | €200,290 | +€49,526 | +32.9% |
| Tangible fixed assets | 22/27 | €150,704 | €200,230 | +€49,526 | +32.9% |
| Land and buildings | 22 | €90,283 | €84,140 | -€6,143 | -6.8% |
| Plant, machinery and equipment | 23 | €56,333 | €50,747 | -€5,586 | -9.9% |
| Furniture and vehicles | 24 | €4,088 | €65,343 | +€61,255 | +1498.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €129,864 | €107,869 | -€21,995 | -16.9% |
| Amounts receivable within one year | 40/41 | €67,295 | €42,194 | -€25,101 | -37.3% |
| Trade receivables | 40 | €13,674 | €5,546 | -€8,129 | -59.4% |
| Other amounts receivable | 41 | €53,620 | €36,648 | -€16,972 | -31.7% |
| Current investments | 50/53 | €50,000 | €49,000 | -€1,000 | -2.0% |
| Cash at bank and in hand | 54/58 | €5,471 | €9,901 | +€4,431 | +81.0% |
| Deferred charges and accrued income | 490/1 | €7,099 | €6,774 | -€325 | -4.6% |
| Total equity and liabilities | 10/49 | €280,628 | €308,159 | +€27,531 | +9.8% |
| Equity | 10/15 | €213,963 | €117,976 | -€95,987 | -44.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €175,850 | €56,450 | -€119,400 | -67.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €169,700 | €50,300 | -€119,400 | -70.4% |
| Profit (loss) carried forward | 14 | -€23,387 | €26 | +€23,413 | |
| Amounts payable | 17/49 | €66,665 | €190,182 | +€123,517 | +185.3% |
| Amounts payable within one year | 42/48 | €66,665 | €190,182 | +€123,517 | +185.3% |
| Trade debts | 44 | €8,696 | €3,374 | -€5,322 | -61.2% |
| Suppliers | 440/4 | €8,696 | €3,374 | -€5,322 | -61.2% |
| Taxes, remuneration and social security | 45 | €4,599 | €20,859 | +€16,260 | +353.6% |
| Taxes | 450/3 | €4,599 | €20,859 | +€16,260 | +353.6% |
| Other amounts payable | 47/48 | €53,369 | €165,949 | +€112,579 | +210.9% |
| Non-recurring operating income | 76A | - | €20,334 | +€20,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,692 | €20,308 | -€9,384 | -31.6% |
| Other operating charges | 640/8 | €8,119 | €9,098 | +€980 | +12.1% |
| Gross operating margin | 9900 | €46,003 | €127,164 | +€81,160 | +176.4% |
| Operating profit (loss) | 9901 | €8,192 | €97,757 | +€89,565 | +1093.3% |
| Financial income | 75/76B | €2,340 | €2,070 | -€271 | -11.6% |
| Recurring financial income | 75 | €2,340 | €2,070 | -€271 | -11.6% |
| Financial charges | 65/66B | €1,308 | €1,749 | +€441 | +33.8% |
| Recurring financial charges | 65 | €1,308 | €1,749 | +€441 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €9,225 | €98,078 | +€88,853 | +963.2% |
| Income taxes | 67/77 | €3,923 | €29,664 | +€25,741 | +656.2% |
| Profit (loss) for the period | 9904 | €5,302 | €68,413 | +€63,111 | +1190.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,302 | €68,413 | +€63,111 | +1190.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.