CREAGEN: 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.
CREAGEN
Largest movements
- Receivables within one year +€195,499
up €195,499 (+83.1%), from €235,193 to €430,692
of which Other amounts receivable: +€225,673
- Financial fixed assets -€124,800
down €124,800 (-28.7%), from €434,602 to €309,802
- Tangible fixed assets -€92,761
down €92,761 (-1.6%), from €5.7m to €5.6m
of which Land and buildings: -€118,584
- Debts after one year -€72,451
down €72,451 (-34.2%), from €211,870 to €139,419
- Short-term financial debts -€66,667
down €66,667 (-20.0%), from €333,333 to €266,667
- Financial income +€103,612
up €103,612 (+1,465%), from €7,072 to €110,684
- Gross operating margin +€62,146
up €62,146 (+24.2%), from €256,500 to €318,646
- Taxes +€19,846
up €19,846 (+63.0%), from €31,506 to €51,352
- Other operating charges +€11,605
up €11,605 (+75.0%), from €15,475 to €27,080
- Depreciation +€3,251
up €3,251 (+1.3%), from €241,145 to €244,396
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,623,253 | €6,595,698 | -€27,555 | -0.4% |
| Fixed assets | 21/28 | €6,118,610 | €5,901,050 | -€217,561 | -3.6% |
| Tangible fixed assets | 22/27 | €5,684,009 | €5,591,248 | -€92,761 | -1.6% |
| Land and buildings | 22 | €5,460,446 | €5,341,862 | -€118,584 | -2.2% |
| Plant, machinery and equipment | 23 | €191,282 | €181,655 | -€9,628 | -5.0% |
| Furniture and vehicles | 24 | €18,918 | €57,947 | +€39,029 | +206% |
| Leasing and similar rights | 25 | €13,363 | €9,785 | -€3,578 | -26.8% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €434,602 | €309,802 | -€124,800 | -28.7% |
| Current assets | 29/58 | €504,643 | €694,648 | +€190,005 | +37.7% |
| Amounts receivable after more than one year | 29 | €145,000 | €120,000 | -€25,000 | -17.2% |
| Other amounts receivable | 291 | €145,000 | €120,000 | -€25,000 | -17.2% |
| Amounts receivable within one year | 40/41 | €235,193 | €430,692 | +€195,499 | +83.1% |
| Trade receivables | 40 | €104,700 | €74,527 | -€30,174 | -28.8% |
| Other amounts receivable | 41 | €130,492 | €356,165 | +€225,673 | +173% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €24,450 | €43,956 | +€19,506 | +79.8% |
| Total equity and liabilities | 10/49 | €6,623,253 | €6,595,698 | -€27,555 | -0.4% |
| Equity | 10/15 | €258,050 | €289,753 | +€31,703 | +12.3% |
| Contributions | 10/11 | €706,200 | €706,200 | = | 0.0% |
| Reserves | 13 | €335,609 | €330,781 | -€4,828 | -1.4% |
| Tax-exempt reserves | 132 | €108,244 | €103,415 | -€4,828 | -4.5% |
| Distributable reserves | 133 | €227,366 | €227,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€783,759 | -€747,228 | +€36,531 | +4.7% |
| Provisions and deferred taxes | 16 | €54,696 | €52,210 | -€2,486 | -4.5% |
| Deferred taxes | 168 | €54,696 | €52,210 | -€2,486 | -4.5% |
| Amounts payable | 17/49 | €6,310,507 | €6,253,735 | -€56,772 | -0.9% |
| Amounts payable after more than one year | 17 | €211,870 | €139,419 | -€72,451 | -34.2% |
| Financial debts | 170/4 | €211,870 | €139,419 | -€72,451 | -34.2% |
| Amounts payable within one year | 42/48 | €6,093,932 | €6,110,392 | +€16,461 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €107,447 | €120,489 | +€13,042 | +12.1% |
| Financial debts | 43 | €333,333 | €266,667 | -€66,667 | -20.0% |
| Credit institutions | 430/8 | €333,333 | €266,667 | -€66,667 | -20.0% |
| Trade debts | 44 | €64,278 | €88,727 | +€24,449 | +38.0% |
| Suppliers | 440/4 | €64,278 | €88,727 | +€24,449 | +38.0% |
| Taxes, remuneration and social security | 45 | €22,587 | €20,844 | -€1,743 | -7.7% |
| Taxes | 450/3 | €8,112 | €13,269 | +€5,157 | +63.6% |
| Remuneration and social security | 454/9 | €14,475 | €7,575 | -€6,900 | -47.7% |
| Other amounts payable | 47/48 | €5,566,286 | €5,613,666 | +€47,380 | +0.9% |
| Accrued charges and deferred income | 492/3 | €4,706 | €3,924 | -€782 | -16.6% |
| Remuneration, social security and pensions | 62 | €55,836 | €56,743 | +€907 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,145 | €244,396 | +€3,251 | +1.3% |
| Other operating charges | 640/8 | €15,475 | €27,080 | +€11,605 | +75.0% |
| Gross operating margin | 9900 | €256,500 | €318,646 | +€62,146 | +24.2% |
| Operating profit (loss) | 9901 | -€55,955 | -€9,573 | +€46,382 | +82.9% |
| Financial income | 75/76B | €7,072 | €110,684 | +€103,612 | +1,465% |
| Recurring financial income | 75 | €7,072 | €110,684 | +€103,612 | +1,465% |
| Financial charges | 65/66B | €22,095 | €20,542 | -€1,552 | -7.0% |
| Recurring financial charges | 65 | €22,095 | €20,542 | -€1,552 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€70,978 | €80,569 | +€151,547 | |
| Transfer from deferred taxes | 780 | €2,486 | €2,486 | = | 0.0% |
| Income taxes | 67/77 | €31,506 | €51,352 | +€19,846 | +63.0% |
| Profit (loss) for the period | 9904 | -€99,999 | €31,703 | +€131,701 | |
| Transfer from tax-exempt reserves | 789 | €4,828 | €4,828 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,170 | €36,531 | +€131,701 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.