CREAFIM: 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.
CREAFIM
Largest movements
- Receivables within one year -€194,145
down €194,145 (-78.6%), from €247,160 to €53,015
of which Other amounts receivable: -€170,365
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Deferred charges and accrued income -€31,192
down €31,192 (-92.5%), from €33,708 to €2,516
- Receivables after one year -€15,500
down €15,500 (-100.0%), from €15,500 to €0
- Cash -€14,217
down €14,217 (-30.9%), from €45,967 to €31,750
mainly Other debts (-€213,282) and Current investments (-€100,000)
- Other debts -€213,282
down €213,282 (-53.3%), from €400,000 to €186,718
- Tax, wage and social debts +€26,247
up €26,247 (+543.8%), from €4,826 to €31,073
- Trade debts +€18,658
up €18,658 (+16.1%), from €115,753 to €134,411
- Gross operating margin -€556,132
down €556,132 (-82.0%), from €678,001 to €121,870
- Taxes -€157,255
down €157,255 (-85.2%), from €184,528 to €27,273
- Other operating charges +€38,244
up €38,244 (+1273.5%), from €3,003 to €41,247
- Financial income -€28,909
down €28,909 (-76.1%), from €37,979 to €9,070
- Write-downs -€11,695
down €11,695 (-100.0%), from €11,695 to €0
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 | €660,583 | €492,673 | -€167,910 | -25.4% |
| Fixed assets | 21/28 | €68,248 | €55,392 | -€12,856 | -18.8% |
| Tangible fixed assets | 22/27 | €68,248 | €55,392 | -€12,856 | -18.8% |
| Furniture and vehicles | 24 | €68,248 | €55,392 | -€12,856 | -18.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €592,335 | €437,281 | -€155,054 | -26.2% |
| Amounts receivable after more than one year | 29 | €15,500 | €0 | -€15,500 | -100.0% |
| Other amounts receivable | 291 | €15,500 | €0 | -€15,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €247,160 | €53,015 | -€194,145 | -78.6% |
| Trade receivables | 40 | €64,814 | €41,034 | -€23,779 | -36.7% |
| Other amounts receivable | 41 | €182,346 | €11,981 | -€170,365 | -93.4% |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €45,967 | €31,750 | -€14,217 | -30.9% |
| Deferred charges and accrued income | 490/1 | €33,708 | €2,516 | -€31,192 | -92.5% |
| Total equity and liabilities | 10/49 | €660,583 | €492,673 | -€167,910 | -25.4% |
| Equity | 10/15 | €139,854 | €140,085 | +€230 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,454 | €127,685 | +€230 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €127,454 | €127,685 | +€230 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €520,728 | €352,588 | -€168,140 | -32.3% |
| Amounts payable within one year | 42/48 | €520,579 | €352,202 | -€168,377 | -32.3% |
| Trade debts | 44 | €115,753 | €134,411 | +€18,658 | +16.1% |
| Suppliers | 440/4 | €115,753 | €134,411 | +€18,658 | +16.1% |
| Taxes, remuneration and social security | 45 | €4,826 | €31,073 | +€26,247 | +543.8% |
| Taxes | 450/3 | €4,826 | €31,073 | +€26,247 | +543.8% |
| Other amounts payable | 47/48 | €400,000 | €186,718 | -€213,282 | -53.3% |
| Accrued charges and deferred income | 492/3 | €149 | €386 | +€237 | +159.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,028 | €19,348 | +€1,319 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,695 | €0 | -€11,695 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,003 | €41,247 | +€38,244 | +1273.5% |
| Gross operating margin | 9900 | €678,001 | €121,870 | -€556,132 | -82.0% |
| Operating profit (loss) | 9901 | €645,275 | €61,275 | -€584,000 | -90.5% |
| Financial income | 75/76B | €37,979 | €9,070 | -€28,909 | -76.1% |
| Recurring financial income | 75 | €37,979 | €9,070 | -€28,909 | -76.1% |
| Financial charges | 65/66B | €610 | €1,841 | +€1,231 | +201.9% |
| Recurring financial charges | 65 | €610 | €1,841 | +€1,231 | +201.9% |
| Profit (loss) for the period before taxes | 9903 | €682,644 | €68,503 | -€614,141 | -90.0% |
| Income taxes | 67/77 | €184,528 | €27,273 | -€157,255 | -85.2% |
| Profit (loss) for the period | 9904 | €498,116 | €41,230 | -€456,886 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €498,116 | €41,230 | -€456,886 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.