CREAH: 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.
CREAH
Largest movements
- Current investments -€321,628
down €321,628 (-14.5%), from €2.2m to €1.9m
- Tangible fixed assets -€80,524
down €80,524 (-6.9%), from €1.2m to €1.1m
- Other debts -€513,696
down €513,696 (-16.3%), from €3.2m to €2.6m
- Profit (loss) carried forward +€159,370
up €159,370 (+18.4%), from -€865,293 to -€705,922
- Gross operating margin +€23,085
up €23,085 (+48.7%), from €47,432 to €70,517
- Taxes +€1,411
up €1,411 (+1,180%), from €120 to €1,530
- Financial income -€1,403
down €1,403 (-0.7%), from €208,158 to €206,755
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 | €3,452,227 | €3,077,062 | -€375,164 | -10.9% |
| Fixed assets | 21/28 | €1,165,028 | €1,084,503 | -€80,524 | -6.9% |
| Tangible fixed assets | 22/27 | €1,165,028 | €1,084,503 | -€80,524 | -6.9% |
| Land and buildings | 22 | €1,165,028 | €1,084,503 | -€80,524 | -6.9% |
| Current assets | 29/58 | €2,287,199 | €1,992,559 | -€294,640 | -12.9% |
| Amounts receivable within one year | 40/41 | €11,550 | €25,365 | +€13,815 | +120% |
| Trade receivables | 40 | €11,550 | €25,365 | +€13,815 | +120% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,215,226 | €1,893,598 | -€321,628 | -14.5% |
| Cash at bank and in hand | 54/58 | €57,973 | €71,026 | +€13,053 | +22.5% |
| Deferred charges and accrued income | 490/1 | €2,449 | €2,570 | +€120 | +4.9% |
| Total equity and liabilities | 10/49 | €3,452,227 | €3,077,062 | -€375,164 | -10.9% |
| Equity | 10/15 | €262,217 | €421,587 | +€159,370 | +60.8% |
| Contributions | 10/11 | €1,125,000 | €1,125,000 | = | 0.0% |
| Capital | 10 | €1,125,000 | €1,125,000 | = | 0.0% |
| Issued capital | 100 | €1,125,000 | €1,125,000 | = | 0.0% |
| Reserves | 13 | €2,510 | €2,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,510 | €2,510 | = | 0.0% |
| Legal reserve | 130 | €2,510 | €2,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€865,293 | -€705,922 | +€159,370 | +18.4% |
| Amounts payable | 17/49 | €3,190,010 | €2,655,475 | -€534,535 | -16.8% |
| Amounts payable within one year | 42/48 | €3,188,510 | €2,653,975 | -€534,535 | -16.8% |
| Trade debts | 44 | €29,321 | €7,563 | -€21,758 | -74.2% |
| Suppliers | 440/4 | €29,321 | €7,563 | -€21,758 | -74.2% |
| Taxes, remuneration and social security | 45 | €566 | €1,485 | +€919 | +162% |
| Taxes | 450/3 | €566 | €1,485 | +€919 | +162% |
| Other amounts payable | 47/48 | €3,158,622 | €2,644,927 | -€513,696 | -16.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,689 | €80,524 | -€164 | -0.2% |
| Other operating charges | 640/8 | €8,950 | €8,863 | -€87 | -1.0% |
| Gross operating margin | 9900 | €47,432 | €70,517 | +€23,085 | +48.7% |
| Operating profit (loss) | 9901 | -€42,207 | -€18,870 | +€23,336 | +55.3% |
| Financial income | 75/76B | €208,158 | €206,755 | -€1,403 | -0.7% |
| Recurring financial income | 75 | €208,158 | €206,755 | -€1,403 | -0.7% |
| Financial charges | 65/66B | €27,391 | €26,984 | -€407 | -1.5% |
| Recurring financial charges | 65 | €27,391 | €26,984 | -€407 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €138,561 | €160,901 | +€22,340 | +16.1% |
| Income taxes | 67/77 | €120 | €1,530 | +€1,411 | +1,180% |
| Profit (loss) for the period | 9904 | €138,441 | €159,370 | +€20,929 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,441 | €159,370 | +€20,929 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.