CREAFAC: 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.
CREAFAC
Largest movements
- Tangible fixed assets -€11,433
down €11,433 (-15.6%), from €73,173 to €61,740
of which Land and buildings: -€6,880
- Cash -€7,423
down €7,423 (-55.7%), from €13,316 to €5,894
mainly Contributions, distributions and other (-€11,702) and Net result for the year (-€4,874)
- Deferred charges and accrued income +€2,474
up €2,474 (+178.5%), from €1,386 to €3,860
- Receivables within one year +€1,729
up €1,729 (+6.8%), from €25,441 to €27,170
of which Trade receivables: +€7,102
- Reserves -€11,702
down €11,702 (-27.6%), from €42,417 to €30,715
of which Distributable reserves: -€9,843
- Profit (loss) carried forward -€4,874
down €4,874 (-60.3%), from €8,086 to €3,212
- Debts after one year -€2,908
down €2,908 (-12.0%), from €24,134 to €21,226
- Other debts +€2,251
up €2,251 (+11.5%), from €19,578 to €21,829
- Trade debts -€1,904
down €1,904 (-16.9%), from €11,298 to €9,394
- Gross operating margin -€3,405
down €3,405 (-21.5%), from €15,830 to €12,425
- Other operating charges +€1,148
up €1,148 (+43.3%), from €2,652 to €3,800
- Depreciation -€391
down €391 (-3.5%), from €11,333 to €10,942
- Taxes -€258
down €258 (-64.6%), from €399 to €141
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 | €114,876 | €99,103 | -€15,774 | -13.7% |
| Fixed assets | 21/28 | €73,173 | €61,740 | -€11,433 | -15.6% |
| Tangible fixed assets | 22/27 | €73,173 | €61,740 | -€11,433 | -15.6% |
| Land and buildings | 22 | €48,160 | €41,280 | -€6,880 | -14.3% |
| Plant, machinery and equipment | 23 | €1,811 | €0 | -€1,811 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €23,202 | €20,460 | -€2,742 | -11.8% |
| Current assets | 29/58 | €41,703 | €37,362 | -€4,341 | -10.4% |
| Stocks and contracts in progress | 3 | €1,560 | €439 | -€1,121 | -71.8% |
| Stocks | 30/36 | €1,560 | €439 | -€1,121 | -71.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,441 | €27,170 | +€1,729 | +6.8% |
| Trade receivables | 40 | €18,245 | €25,347 | +€7,102 | +38.9% |
| Other amounts receivable | 41 | €7,196 | €1,823 | -€5,373 | -74.7% |
| Cash at bank and in hand | 54/58 | €13,316 | €5,894 | -€7,423 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,386 | €3,860 | +€2,474 | +178.5% |
| Total equity and liabilities | 10/49 | €114,876 | €99,103 | -€15,774 | -13.7% |
| Equity | 10/15 | €56,704 | €40,127 | -€16,576 | -29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,417 | €30,715 | -€11,702 | -27.6% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €40,558 | €30,715 | -€9,843 | -24.3% |
| Profit (loss) carried forward | 14 | €8,086 | €3,212 | -€4,874 | -60.3% |
| Amounts payable | 17/49 | €58,173 | €58,975 | +€803 | +1.4% |
| Amounts payable after more than one year | 17 | €24,134 | €21,226 | -€2,908 | -12.0% |
| Financial debts | 170/4 | €24,134 | €21,226 | -€2,908 | -12.0% |
| Amounts payable within one year | 42/48 | €33,846 | €37,079 | +€3,234 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €2,810 | €2,908 | +€98 | +3.5% |
| Financial debts | 43 | €0 | €1,310 | +€1,310 | |
| Credit institutions | 430/8 | €0 | €1,310 | +€1,310 | |
| Trade debts | 44 | €11,298 | €9,394 | -€1,904 | -16.9% |
| Suppliers | 440/4 | €11,298 | €9,394 | -€1,904 | -16.9% |
| Taxes, remuneration and social security | 45 | €160 | €1,638 | +€1,478 | +923.9% |
| Taxes | 450/3 | €0 | €1,318 | +€1,318 | |
| Remuneration and social security | 454/9 | €160 | €320 | +€160 | +100.0% |
| Other amounts payable | 47/48 | €19,578 | €21,829 | +€2,251 | +11.5% |
| Accrued charges and deferred income | 492/3 | €193 | €670 | +€477 | +246.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,333 | €10,942 | -€391 | -3.5% |
| Other operating charges | 640/8 | €2,652 | €3,800 | +€1,148 | +43.3% |
| Non-recurring operating charges | 66A | - | €491 | +€491 | |
| Gross operating margin | 9900 | €15,830 | €12,425 | -€3,405 | -21.5% |
| Operating profit (loss) | 9901 | €1,845 | -€2,808 | -€4,653 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,936 | €1,925 | -€11 | -0.6% |
| Recurring financial charges | 65 | €1,936 | €1,925 | -€11 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€90 | -€4,733 | -€4,642 | -5134.9% |
| Income taxes | 67/77 | €399 | €141 | -€258 | -64.6% |
| Profit (loss) for the period | 9904 | -€490 | -€4,874 | -€4,385 | -895.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€490 | -€4,874 | -€4,385 | -895.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.