CREAGEEN: 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.
CREAGEEN
Largest movements
- Receivables within one year +€13,940
up €13,940 (+820%), from €1,700 to €15,640
- Cash +€12,069
up €12,069 (+64.5%), from €18,720 to €30,789
mainly Net result for the year (+€28,992) and Tax, wage and social debts (+€12,454)
- Tangible fixed assets -€10,470
down €10,470 (-21.4%), from €48,820 to €38,349
of which Furniture and vehicles: -€8,539
- Deferred charges and accrued income -€4,837
no longer reported in 2025 (was €4,837)
- Profit (loss) carried forward +€28,992
up €28,992, from -€16,747 to €12,245
- Debts after one year -€21,301
down €21,301 (-34.8%), from €61,145 to €39,844
- Tax, wage and social debts +€12,454
up €12,454 (+290%), from €4,293 to €16,747
of which Taxes: +€12,718
- Other debts -€8,114
no longer reported in 2025 (was €8,114)
- Trade debts -€1,731
down €1,731 (-45.2%), from €3,830 to €2,100
- Gross operating margin +€33,505
up €33,505 (+174%), from €19,221 to €52,726
- Taxes +€7,633
up €7,633 (+417%), from €1,830 to €9,463
- Depreciation +€4,166
up €4,166 (+55.9%), from €7,454 to €11,620
- Staff costs -€2,524
down €2,524 (-82.9%), from €3,043 to €519
- Other operating charges -€561
down €561 (-70.6%), from €795 to €234
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.
Derived cash bridge
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 | €74,077 | €84,779 | +€10,702 | +14.4% |
| Fixed assets | 21/28 | €48,820 | €38,349 | -€10,470 | -21.4% |
| Tangible fixed assets | 22/27 | €48,820 | €38,349 | -€10,470 | -21.4% |
| Furniture and vehicles | 24 | €39,344 | €30,805 | -€8,539 | -21.7% |
| Other tangible fixed assets | 26 | €9,475 | €7,544 | -€1,931 | -20.4% |
| Current assets | 29/58 | €25,257 | €46,429 | +€21,172 | +83.8% |
| Amounts receivable within one year | 40/41 | €1,700 | €15,640 | +€13,940 | +820% |
| Trade receivables | 40 | €1,700 | €15,640 | +€13,940 | +820% |
| Cash at bank and in hand | 54/58 | €18,720 | €30,789 | +€12,069 | +64.5% |
| Deferred charges and accrued income | 490/1 | €4,837 | - | -€4,837 | |
| Total equity and liabilities | 10/49 | €74,077 | €84,779 | +€10,702 | +14.4% |
| Equity | 10/15 | -€11,747 | €17,245 | +€28,992 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,747 | €12,245 | +€28,992 | |
| Amounts payable | 17/49 | €85,824 | €67,533 | -€18,290 | -21.3% |
| Amounts payable after more than one year | 17 | €61,145 | €39,844 | -€21,301 | -34.8% |
| Financial debts | 170/4 | €61,145 | €39,844 | -€21,301 | -34.8% |
| Amounts payable within one year | 42/48 | €24,679 | €27,690 | +€3,011 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €8,441 | €8,843 | +€401 | +4.8% |
| Trade debts | 44 | €3,830 | €2,100 | -€1,731 | -45.2% |
| Suppliers | 440/4 | €3,830 | €2,100 | -€1,731 | -45.2% |
| Taxes, remuneration and social security | 45 | €4,293 | €16,747 | +€12,454 | +290% |
| Taxes | 450/3 | €4,029 | €16,747 | +€12,718 | +316% |
| Remuneration and social security | 454/9 | €264 | - | -€264 | |
| Other amounts payable | 47/48 | €8,114 | - | -€8,114 | |
| Remuneration, social security and pensions | 62 | €3,043 | €519 | -€2,524 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,454 | €11,620 | +€4,166 | +55.9% |
| Other operating charges | 640/8 | €795 | €234 | -€561 | -70.6% |
| Gross operating margin | 9900 | €19,221 | €52,726 | +€33,505 | +174% |
| Operating profit (loss) | 9901 | €7,929 | €40,353 | +€32,424 | +409% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,561 | €1,898 | +€337 | +21.6% |
| Recurring financial charges | 65 | €1,561 | €1,898 | +€337 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €6,369 | €38,455 | +€32,086 | +504% |
| Income taxes | 67/77 | €1,830 | €9,463 | +€7,633 | +417% |
| Profit (loss) for the period | 9904 | €4,539 | €28,992 | +€24,453 | +539% |
| Profit (loss) for the period to be appropriated | 9905 | €4,539 | €28,992 | +€24,453 | +539% |
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 26 October 2026 via checked.be.