Creaflow: 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.
Creaflow
Largest movements
- Intangible fixed assets +€75,409
up €75,409 (+25.3%), from €298,156 to €373,565
- Deferred charges and accrued income -€53,350
down €53,350 (-95.5%), from €55,882 to €2,532
- Cash -€39,531
down €39,531 (-79.9%), from €49,476 to €9,946
mainly Investment in fixed assets (net) (-€126,622) and Current portion of long-term debt (-€71,875)
- Tangible fixed assets +€6,714
up €6,714 (+223.2%), from €3,008 to €9,722
of which Plant, machinery and equipment: +€5,574
- Receivables within one year +€6,151
up €6,151 (+8.5%), from €72,008 to €78,159
of which Trade receivables: +€9,169
- Current portion of long-term debt -€71,875
down €71,875 (-59.7%), from €120,379 to €48,505
- Reserves +€55,855
up €55,855 (+111.5%), from €50,101 to €105,956
- Trade debts +€13,222
up €13,222 (+34.2%), from €38,660 to €51,882
- Debts after one year -€5,994
down €5,994 (-2.2%), from €268,641 to €262,647
- Gross operating margin +€137,916
up €137,916 (+212.0%), from €65,062 to €202,978
- Staff costs +€26,997
up €26,997 (+44.7%), from €60,382 to €87,378
- Depreciation +€7,454
up €7,454 (+20.1%), from €37,045 to €44,499
- Other operating charges +€5,493
up €5,493 (+230.1%), from €2,387 to €7,880
- Financial charges +€2,991
up €2,991 (+75.7%), from €3,951 to €6,942
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 | €490,830 | €486,224 | -€4,606 | -0.9% |
| Fixed assets | 21/28 | €303,464 | €385,587 | +€82,123 | +27.1% |
| Intangible fixed assets | 21 | €298,156 | €373,565 | +€75,409 | +25.3% |
| Tangible fixed assets | 22/27 | €3,008 | €9,722 | +€6,714 | +223.2% |
| Plant, machinery and equipment | 23 | €3,008 | €8,582 | +€5,574 | +185.3% |
| Furniture and vehicles | 24 | - | €1,140 | +€1,140 | |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €187,366 | €100,637 | -€86,729 | -46.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,008 | €78,159 | +€6,151 | +8.5% |
| Trade receivables | 40 | €26,683 | €35,852 | +€9,169 | +34.4% |
| Other amounts receivable | 41 | €45,324 | €42,307 | -€3,018 | -6.7% |
| Cash at bank and in hand | 54/58 | €49,476 | €9,946 | -€39,531 | -79.9% |
| Deferred charges and accrued income | 490/1 | €55,882 | €2,532 | -€53,350 | -95.5% |
| Total equity and liabilities | 10/49 | €490,830 | €486,224 | -€4,606 | -0.9% |
| Equity | 10/15 | €62,501 | €118,356 | +€55,855 | +89.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,101 | €105,956 | +€55,855 | +111.5% |
| Distributable reserves | 133 | €50,101 | €105,956 | +€55,855 | +111.5% |
| Amounts payable | 17/49 | €428,330 | €367,868 | -€60,462 | -14.1% |
| Amounts payable after more than one year | 17 | €268,641 | €262,647 | -€5,994 | -2.2% |
| Financial debts | 170/4 | €268,641 | €262,647 | -€5,994 | -2.2% |
| Amounts payable within one year | 42/48 | €159,689 | €105,221 | -€54,468 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €120,379 | €48,505 | -€71,875 | -59.7% |
| Financial debts | 43 | €30 | €2,677 | +€2,647 | +8861.4% |
| Credit institutions | 430/8 | €30 | €2,677 | +€2,647 | +8861.4% |
| Trade debts | 44 | €38,660 | €51,882 | +€13,222 | +34.2% |
| Suppliers | 440/4 | €38,660 | €51,882 | +€13,222 | +34.2% |
| Taxes, remuneration and social security | 45 | €620 | €763 | +€143 | +23.1% |
| Taxes | 450/3 | €620 | €763 | +€143 | +23.1% |
| Other amounts payable | 47/48 | €0 | €1,395 | +€1,395 | |
| Remuneration, social security and pensions | 62 | €60,382 | €87,378 | +€26,997 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,045 | €44,499 | +€7,454 | +20.1% |
| Other operating charges | 640/8 | €2,387 | €7,880 | +€5,493 | +230.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,062 | €202,978 | +€137,916 | +212.0% |
| Operating profit (loss) | 9901 | -€34,751 | €63,221 | +€97,972 | |
| Financial income | 75/76B | €84 | €0 | -€84 | -100.0% |
| Recurring financial income | 75 | €84 | €0 | -€84 | -100.0% |
| Financial charges | 65/66B | €3,951 | €6,942 | +€2,991 | +75.7% |
| Recurring financial charges | 65 | €3,951 | €6,942 | +€2,991 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,618 | €56,279 | +€94,897 | |
| Income taxes | 67/77 | €340 | €423 | +€84 | +24.6% |
| Profit (loss) for the period | 9904 | -€38,958 | €55,855 | +€94,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,958 | €55,855 | +€94,813 |
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 11 October 2026 via checked.be.