CREAGEST: what changed
Two fiscal 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.
CREAGEST
Largest movements
- Stocks and contracts +€31,897
up €31,897 (+43.2%), from €73,759 to €105,656
- Tangible fixed assets -€17,345
down €17,345 (-64.1%), from €27,047 to €9,702
of which Furniture and vehicles: -€14,929
- Receivables within one year -€3,363
down €3,363 (-56.1%), from €5,996 to €2,633
of which Trade receivables: -€3,363
- Cash -€2,796
down €2,796 (-32.9%), from €8,498 to €5,702
mainly Stocks and contracts (-€31,897) and Other debts (-€3,727)
- Profit (loss) carried forward +€9,019
up €9,019 (+37.9%), from €23,777 to €32,796
- Other debts -€3,727
down €3,727 (-5.9%), from €63,036 to €59,309
- Tax, wage and social debts +€1,804
up €1,804 (+21.2%), from €8,499 to €10,303
- Trade debts +€1,297
up €1,297 (+93.5%), from €1,388 to €2,685
- Gross operating margin -€9,392
down €9,392 (-32.2%), from €29,161 to €19,769
- Write-downs -€4,743
down €4,743, from €2,860 to -€1,883
- Taxes -€1,519
down €1,519 (-33.1%), from €4,585 to €3,066
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 | €115,300 | €123,693 | +€8,393 | +7.3% |
| Fixed assets | 21/28 | €27,047 | €9,702 | -€17,345 | -64.1% |
| Tangible fixed assets | 22/27 | €27,047 | €9,702 | -€17,345 | -64.1% |
| Plant, machinery and equipment | 23 | €2,730 | €314 | -€2,416 | -88.5% |
| Furniture and vehicles | 24 | €24,317 | €9,388 | -€14,929 | -61.4% |
| Current assets | 29/58 | €88,253 | €113,991 | +€25,738 | +29.2% |
| Stocks and contracts in progress | 3 | €73,759 | €105,656 | +€31,897 | +43.2% |
| Stocks | 30/36 | €73,759 | €105,656 | +€31,897 | +43.2% |
| Amounts receivable within one year | 40/41 | €5,996 | €2,633 | -€3,363 | -56.1% |
| Trade receivables | 40 | €5,515 | €2,152 | -€3,363 | -61.0% |
| Other amounts receivable | 41 | €481 | €481 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,498 | €5,702 | -€2,796 | -32.9% |
| Total equity and liabilities | 10/49 | €115,300 | €123,693 | +€8,393 | +7.3% |
| Equity | 10/15 | €42,377 | €51,396 | +€9,019 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,777 | €32,796 | +€9,019 | +37.9% |
| Amounts payable | 17/49 | €72,923 | €72,297 | -€626 | -0.9% |
| Amounts payable within one year | 42/48 | €72,923 | €72,297 | -€626 | -0.9% |
| Trade debts | 44 | €1,388 | €2,685 | +€1,297 | +93.5% |
| Suppliers | 440/4 | €1,388 | €2,685 | +€1,297 | +93.5% |
| Taxes, remuneration and social security | 45 | €8,499 | €10,303 | +€1,804 | +21.2% |
| Taxes | 450/3 | €8,499 | €10,303 | +€1,804 | +21.2% |
| Other amounts payable | 47/48 | €63,036 | €59,309 | -€3,727 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,274 | €9,113 | -€161 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,860 | -€1,883 | -€4,743 | |
| Other operating charges | 640/8 | €149 | €195 | +€46 | +31.2% |
| Gross operating margin | 9900 | €29,161 | €19,769 | -€9,392 | -32.2% |
| Operating profit (loss) | 9901 | €16,878 | €12,343 | -€4,535 | -26.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €210 | €266 | +€56 | +26.8% |
| Recurring financial charges | 65 | €210 | €266 | +€56 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €16,668 | €12,085 | -€4,583 | -27.5% |
| Income taxes | 67/77 | €4,585 | €3,066 | -€1,519 | -33.1% |
| Profit (loss) for the period | 9904 | €12,083 | €9,019 | -€3,064 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,083 | €9,019 | -€3,064 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.