CREAGENCY: 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.
CREAGENCY
Largest movements
- Tangible fixed assets +€76,376
up €76,376 (+19.7%), from €388,518 to €464,894
of which Land and buildings: +€60,191
- Receivables within one year -€19,753
down €19,753 (-18.9%), from €104,345 to €84,592
of which Other amounts receivable: -€12,123
- Stocks and contracts -€13,311
down €13,311 (-42.1%), from €31,608 to €18,297
- Debts after one year +€56,507
up €56,507 (+19.4%), from €291,349 to €347,856
- Other debts -€40,103
down €40,103 (-69.0%), from €58,142 to €18,039
- Short-term financial debts +€25,000
new in 2025: €25,000
- Profit (loss) carried forward -€23,574
down €23,574, from €23,232 to -€342
- Trade debts +€17,884
up €17,884 (+64.3%), from €27,809 to €45,693
- Other operating charges +€25,623
up €25,623 (+1,587%), from €1,615 to €27,238
- Gross operating margin -€17,814
down €17,814 (-9.9%), from €179,622 to €161,808
- Depreciation +€12,438
up €12,438 (+31.5%), from €39,525 to €51,963
- Taxes -€11,213
down €11,213 (-85.9%), from €13,055 to €1,842
- Financial charges +€10,084
up €10,084 (+75.6%), from €13,335 to €23,419
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 | €560,755 | €604,496 | +€43,741 | +7.8% |
| Fixed assets | 21/28 | €388,948 | €465,044 | +€76,096 | +19.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €388,518 | €464,894 | +€76,376 | +19.7% |
| Land and buildings | 22 | €275,790 | €335,981 | +€60,191 | +21.8% |
| Plant, machinery and equipment | 23 | €2,948 | €10,258 | +€7,310 | +248% |
| Furniture and vehicles | 24 | €62,997 | €62,723 | -€274 | -0.4% |
| Leasing and similar rights | 25 | €46,783 | €55,932 | +€9,149 | +19.6% |
| Financial fixed assets | 28 | €430 | €150 | -€280 | -65.1% |
| Current assets | 29/58 | €171,807 | €139,452 | -€32,355 | -18.8% |
| Stocks and contracts in progress | 3 | €31,608 | €18,297 | -€13,311 | -42.1% |
| Stocks | 30/36 | €31,608 | €18,297 | -€13,311 | -42.1% |
| Amounts receivable within one year | 40/41 | €104,345 | €84,592 | -€19,753 | -18.9% |
| Trade receivables | 40 | €89,060 | €81,430 | -€7,630 | -8.6% |
| Other amounts receivable | 41 | €15,285 | €3,162 | -€12,123 | -79.3% |
| Cash at bank and in hand | 54/58 | €35,854 | €36,563 | +€709 | +2.0% |
| Total equity and liabilities | 10/49 | €560,755 | €604,496 | +€43,741 | +7.8% |
| Equity | 10/15 | €112,224 | €88,650 | -€23,574 | -21.0% |
| Contributions | 10/11 | €15,032 | €15,032 | = | 0.0% |
| Reserves | 13 | €73,960 | €73,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,100 | €72,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,232 | -€342 | -€23,574 | |
| Amounts payable | 17/49 | €448,531 | €515,846 | +€67,315 | +15.0% |
| Amounts payable after more than one year | 17 | €291,349 | €347,856 | +€56,507 | +19.4% |
| Financial debts | 170/4 | €291,349 | €347,856 | +€56,507 | +19.4% |
| Amounts payable within one year | 42/48 | €157,182 | €167,753 | +€10,571 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €58,305 | €52,019 | -€6,286 | -10.8% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €27,809 | €45,693 | +€17,884 | +64.3% |
| Suppliers | 440/4 | €27,809 | €45,693 | +€17,884 | +64.3% |
| Taxes, remuneration and social security | 45 | €12,926 | €27,002 | +€14,076 | +109% |
| Taxes | 450/3 | €8,927 | €16,217 | +€7,290 | +81.7% |
| Remuneration and social security | 454/9 | €3,999 | €10,785 | +€6,786 | +170% |
| Other amounts payable | 47/48 | €58,142 | €18,039 | -€40,103 | -69.0% |
| Accrued charges and deferred income | 492/3 | - | €237 | +€237 | |
| Remuneration, social security and pensions | 62 | €75,749 | €81,342 | +€5,593 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,525 | €51,963 | +€12,438 | +31.5% |
| Other operating charges | 640/8 | €1,615 | €27,238 | +€25,623 | +1,587% |
| Gross operating margin | 9900 | €179,622 | €161,808 | -€17,814 | -9.9% |
| Operating profit (loss) | 9901 | €62,733 | €1,265 | -€61,468 | -98.0% |
| Financial income | 75/76B | €15 | €422 | +€407 | +2,713% |
| Recurring financial income | 75 | €15 | €422 | +€407 | +2,713% |
| Financial charges | 65/66B | €13,335 | €23,419 | +€10,084 | +75.6% |
| Recurring financial charges | 65 | €13,335 | €23,419 | +€10,084 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €49,413 | -€21,732 | -€71,145 | |
| Income taxes | 67/77 | €13,055 | €1,842 | -€11,213 | -85.9% |
| Profit (loss) for the period | 9904 | €36,358 | -€23,574 | -€59,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,358 | -€23,574 | -€59,932 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.