CREAFLOR: 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.
CREAFLOR
Largest movements
- Receivables within one year -€11,243
down €11,243 (-41.1%), from €27,340 to €16,097
of which Trade receivables: -€11,348
- Cash -€7,594
no longer reported in 2025 (was €7,594)
mainly Trade debts (-€14,460) and Current investments (-€5,407)
- Tangible fixed assets -€6,002
down €6,002 (-8.8%), from €68,122 to €62,120
of which Plant, machinery and equipment: -€61,123
- Current investments +€5,407
new in 2025: €5,407
- Trade debts -€14,460
down €14,460 (-54.8%), from €26,379 to €11,919
- Current portion of long-term debt +€6,601
new in 2025: €6,601
- Debts after one year -€4,606
down €4,606 (-11.5%), from €40,056 to €35,450
- Short-term financial debts -€4,372
no longer reported in 2025 (was €4,372)
- Other debts -€1,996
no longer reported in 2025 (was €1,996)
- Gross operating margin +€21,845
up €21,845 (+28.6%), from €76,402 to €98,247
- Staff costs +€4,283
up €4,283 (+5.0%), from €85,700 to €89,983
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 | €114,457 | €94,201 | -€20,256 | -17.7% |
| Fixed assets | 21/28 | €68,122 | €62,120 | -€6,002 | -8.8% |
| Tangible fixed assets | 22/27 | €68,122 | €62,120 | -€6,002 | -8.8% |
| Land and buildings | 22 | €3,205 | €2,947 | -€258 | -8.0% |
| Plant, machinery and equipment | 23 | €61,745 | €622 | -€61,123 | -99.0% |
| Furniture and vehicles | 24 | €3,172 | €2,518 | -€654 | -20.6% |
| Other tangible fixed assets | 26 | - | €56,033 | +€56,033 | |
| Current assets | 29/58 | €46,335 | €32,081 | -€14,254 | -30.8% |
| Stocks and contracts in progress | 3 | €9,224 | €8,368 | -€856 | -9.3% |
| Stocks | 30/36 | €9,224 | €8,368 | -€856 | -9.3% |
| Amounts receivable within one year | 40/41 | €27,340 | €16,097 | -€11,243 | -41.1% |
| Trade receivables | 40 | €24,540 | €13,192 | -€11,348 | -46.2% |
| Other amounts receivable | 41 | €2,800 | €2,905 | +€105 | +3.7% |
| Current investments | 50/53 | - | €5,407 | +€5,407 | |
| Cash at bank and in hand | 54/58 | €7,594 | - | -€7,594 | |
| Deferred charges and accrued income | 490/1 | €2,177 | €2,209 | +€32 | +1.5% |
| Total equity and liabilities | 10/49 | €114,457 | €94,201 | -€20,256 | -17.7% |
| Equity | 10/15 | €27,432 | €25,501 | -€1,931 | -7.0% |
| Contributions | 10/11 | €546 | €546 | -€0 | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | - | €6,197 | +€6,197 | |
| Distributable reserves | 133 | €6,197 | - | -€6,197 | |
| Profit (loss) carried forward | 14 | €20,689 | €18,758 | -€1,931 | -9.3% |
| Amounts payable | 17/49 | €87,025 | €68,700 | -€18,325 | -21.1% |
| Amounts payable after more than one year | 17 | €40,056 | €35,450 | -€4,606 | -11.5% |
| Financial debts | 170/4 | €40,056 | €35,450 | -€4,606 | -11.5% |
| Amounts payable within one year | 42/48 | €46,969 | €32,250 | -€14,719 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,601 | +€6,601 | |
| Financial debts | 43 | €4,372 | - | -€4,372 | |
| Credit institutions | 430/8 | €4,372 | - | -€4,372 | |
| Trade debts | 44 | €26,379 | €11,919 | -€14,460 | -54.8% |
| Suppliers | 440/4 | €26,379 | €11,919 | -€14,460 | -54.8% |
| Taxes, remuneration and social security | 45 | €14,222 | €13,730 | -€492 | -3.5% |
| Remuneration and social security | 454/9 | €14,222 | €13,730 | -€492 | -3.5% |
| Other amounts payable | 47/48 | €1,996 | - | -€1,996 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €85,700 | €89,983 | +€4,283 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,845 | €6,002 | +€157 | +2.7% |
| Other operating charges | 640/8 | €1,952 | €1,587 | -€365 | -18.7% |
| Gross operating margin | 9900 | €76,402 | €98,247 | +€21,845 | +28.6% |
| Operating profit (loss) | 9901 | -€17,095 | €675 | +€17,770 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €2,587 | €2,622 | +€35 | +1.4% |
| Recurring financial charges | 65 | €2,587 | €2,314 | -€273 | -10.5% |
| Non-recurring financial charges | 66B | - | €308 | +€308 | |
| Profit (loss) for the period before taxes | 9903 | -€19,682 | -€1,932 | +€17,750 | +90.2% |
| Profit (loss) for the period | 9904 | -€19,682 | -€1,932 | +€17,750 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,682 | -€1,932 | +€17,750 | +90.2% |
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 30 September 2026 via checked.be.