CREAFOAM: what changed
CREAFOAM
Largest movements
- Tangible fixed assets +€497,434
up €497,434 (+156%), from €319,444 to €816,878
of which Land and buildings: +€468,997
- Stocks and contracts +€54,487
up €54,487 (+44.4%), from €122,587 to €177,074
- Cash +€45,727
up €45,727 (+50.0%), from €91,384 to €137,111
mainly Debts after one year (+€381,556) and Short-term financial debts (+€99,997)
- Debts after one year +€381,556
up €381,556 (+146%), from €262,139 to €643,695
of which Financial debts: +€381,556
- Short-term financial debts +€99,997
up €99,997 (+3,344,382%), from €3 to €100,000
- Reserves +€94,212
up €94,212 (+48.9%), from €192,713 to €286,926
of which Distributable reserves: +€94,212
- Other debts -€30,632
down €30,632 (-72.7%), from €42,128 to €11,496
- Current portion of long-term debt +€22,636
up €22,636 (+142%), from €15,896 to €38,532
- Gross operating margin +€33,595
up €33,595 (+21.6%), from €155,376 to €188,972
- Financial charges +€9,572
up €9,572 (+155%), from €6,180 to €15,752
- Depreciation +€9,159
up €9,159 (+25.0%), from €36,572 to €45,731
- Taxes -€4,930
down €4,930 (-13.7%), from €36,052 to €31,123
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,199 | €1,146,162 | +€582,963 | +104% |
| Fixed assets | 21/28 | €319,944 | €816,878 | +€496,934 | +155% |
| Tangible fixed assets | 22/27 | €319,444 | €816,878 | +€497,434 | +156% |
| Land and buildings | 22 | €62,906 | €531,903 | +€468,997 | +746% |
| Plant, machinery and equipment | 23 | €36,413 | €79,923 | +€43,511 | +119% |
| Furniture and vehicles | 24 | €3,402 | €1,863 | -€1,540 | -45.2% |
| Other tangible fixed assets | 26 | €216,723 | €203,189 | -€13,534 | -6.2% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €243,255 | €329,283 | +€86,029 | +35.4% |
| Stocks and contracts in progress | 3 | €122,587 | €177,074 | +€54,487 | +44.4% |
| Stocks | 30/36 | €122,587 | €177,074 | +€54,487 | +44.4% |
| Amounts receivable within one year | 40/41 | €7,815 | €4,325 | -€3,490 | -44.7% |
| Trade receivables | 40 | €1,288 | €4,158 | +€2,870 | +223% |
| Other amounts receivable | 41 | €6,526 | €166 | -€6,360 | -97.5% |
| Cash at bank and in hand | 54/58 | €91,384 | €137,111 | +€45,727 | +50.0% |
| Deferred charges and accrued income | 490/1 | €21,468 | €10,774 | -€10,695 | -49.8% |
| Total equity and liabilities | 10/49 | €563,199 | €1,146,162 | +€582,963 | +104% |
| Equity | 10/15 | €211,313 | €305,526 | +€94,212 | +44.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,713 | €286,926 | +€94,212 | +48.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €192,713 | €286,926 | +€94,212 | +48.9% |
| Amounts payable | 17/49 | €351,886 | €840,636 | +€488,750 | +139% |
| Amounts payable after more than one year | 17 | €262,139 | €643,695 | +€381,556 | +146% |
| Financial debts | 170/4 | €180,076 | €561,632 | +€381,556 | +212% |
| Other amounts payable | 178/9 | €82,063 | €82,063 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,747 | €196,941 | +€107,195 | +119% |
| Current portion of amounts payable after more than one year | 42 | €15,896 | €38,532 | +€22,636 | +142% |
| Financial debts | 43 | €3 | €100,000 | +€99,997 | +3,344,382% |
| Credit institutions | 430/8 | €3 | €100,000 | +€99,997 | +3,344,382% |
| Trade debts | 44 | €5,819 | €13,326 | +€7,507 | +129% |
| Suppliers | 440/4 | €5,819 | €13,326 | +€7,507 | +129% |
| Taxes, remuneration and social security | 45 | €25,901 | €33,587 | +€7,686 | +29.7% |
| Taxes | 450/3 | €24,615 | €32,301 | +€7,686 | +31.2% |
| Remuneration and social security | 454/9 | €1,286 | €1,286 | = | 0.0% |
| Other amounts payable | 47/48 | €42,128 | €11,496 | -€30,632 | -72.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,572 | €45,731 | +€9,159 | +25.0% |
| Other operating charges | 640/8 | €1,697 | €3,168 | +€1,471 | +86.7% |
| Gross operating margin | 9900 | €155,376 | €188,972 | +€33,595 | +21.6% |
| Operating profit (loss) | 9901 | €117,107 | €140,072 | +€22,965 | +19.6% |
| Financial income | 75/76B | €16 | €1,016 | +€1,000 | +6,431% |
| Recurring financial income | 75 | €16 | €1,016 | +€1,000 | +6,431% |
| Financial charges | 65/66B | €6,180 | €15,752 | +€9,572 | +155% |
| Recurring financial charges | 65 | €6,180 | €15,752 | +€9,572 | +155% |
| Profit (loss) for the period before taxes | 9903 | €110,942 | €125,335 | +€14,393 | +13.0% |
| Income taxes | 67/77 | €36,052 | €31,123 | -€4,930 | -13.7% |
| Profit (loss) for the period | 9904 | €74,890 | €94,212 | +€19,323 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,890 | €94,212 | +€19,323 | +25.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.