Creaks: 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.
Creaks
Largest movements
- Current investments +€97,533
up €97,533 (+76.0%), from €128,330 to €225,863
- Cash +€95,840
up €95,840 (+49.7%), from €192,919 to €288,759
mainly Net result for the year (+€372,459) and Other debts (+€73,933)
- Receivables within one year +€92,946
up €92,946 (+38.6%), from €240,952 to €333,898
of which Other amounts receivable: +€91,872
- Financial fixed assets +€25,000
up €25,000 (+3.3%), from €755,000 to €780,000
- Reserves +€293,000
up €293,000 (+44.1%), from €664,100 to €957,100
- Other debts +€73,933
up €73,933 (+28.3%), from €261,278 to €335,211
- Debts after one year -€70,077
down €70,077 (-25.2%), from €278,314 to €208,237
- Financial income +€114,185
up €114,185 (+54.1%), from €211,092 to €325,277
of which Financial income: +€97,136
- Depreciation -€4,365
down €4,365 (-57.8%), from €7,545 to €3,181
- Taxes +€3,556
up €3,556 (+6.4%), from €55,539 to €59,095
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 | €1,325,397 | €1,633,655 | +€308,258 | +23.3% |
| Fixed assets | 21/28 | €759,479 | €781,299 | +€21,820 | +2.9% |
| Tangible fixed assets | 22/27 | €4,479 | €1,299 | -€3,181 | -71.0% |
| Plant, machinery and equipment | 23 | €1,166 | €932 | -€234 | -20.0% |
| Furniture and vehicles | 24 | €3,313 | €366 | -€2,947 | -88.9% |
| Financial fixed assets | 28 | €755,000 | €780,000 | +€25,000 | +3.3% |
| Current assets | 29/58 | €565,918 | €852,357 | +€286,438 | +50.6% |
| Amounts receivable within one year | 40/41 | €240,952 | €333,898 | +€92,946 | +38.6% |
| Trade receivables | 40 | €39,825 | €40,898 | +€1,074 | +2.7% |
| Other amounts receivable | 41 | €201,128 | €293,000 | +€91,872 | +45.7% |
| Current investments | 50/53 | €128,330 | €225,863 | +€97,533 | +76.0% |
| Cash at bank and in hand | 54/58 | €192,919 | €288,759 | +€95,840 | +49.7% |
| Deferred charges and accrued income | 490/1 | €3,717 | €3,837 | +€120 | +3.2% |
| Total equity and liabilities | 10/49 | €1,325,397 | €1,633,655 | +€308,258 | +23.3% |
| Equity | 10/15 | €668,555 | €962,014 | +€293,459 | +43.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €664,100 | €957,100 | +€293,000 | +44.1% |
| Distributable reserves | 133 | €664,100 | €957,100 | +€293,000 | +44.1% |
| Profit (loss) carried forward | 14 | €3,955 | €4,414 | +€459 | +11.6% |
| Amounts payable | 17/49 | €656,843 | €671,641 | +€14,799 | +2.3% |
| Amounts payable after more than one year | 17 | €278,314 | €208,237 | -€70,077 | -25.2% |
| Financial debts | 170/4 | €278,314 | €208,237 | -€70,077 | -25.2% |
| Amounts payable within one year | 42/48 | €374,374 | €458,181 | +€83,807 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €68,111 | €70,077 | +€1,966 | +2.9% |
| Trade debts | 44 | €2,866 | €2,933 | +€67 | +2.3% |
| Suppliers | 440/4 | €2,866 | €2,933 | +€67 | +2.3% |
| Taxes, remuneration and social security | 45 | €42,119 | €49,960 | +€7,841 | +18.6% |
| Taxes | 450/3 | €42,119 | €49,960 | +€7,841 | +18.6% |
| Other amounts payable | 47/48 | €261,278 | €335,211 | +€73,933 | +28.3% |
| Accrued charges and deferred income | 492/3 | €4,154 | €5,223 | +€1,069 | +25.7% |
| Non-recurring operating income | 76A | €3,221 | €0 | -€3,221 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,545 | €3,181 | -€4,365 | -57.8% |
| Other operating charges | 640/8 | €1,097 | €1,235 | +€138 | +12.6% |
| Gross operating margin | 9900 | €130,230 | €129,346 | -€883 | -0.7% |
| Operating profit (loss) | 9901 | €121,587 | €124,930 | +€3,343 | +2.7% |
| Financial income | 75/76B | €211,092 | €325,277 | +€114,185 | +54.1% |
| Recurring financial income | 75 | €211,092 | €308,228 | +€97,136 | +46.0% |
| Non-recurring financial income | 76B | - | €17,049 | +€17,049 | |
| Financial charges | 65/66B | €18,736 | €18,653 | -€83 | -0.4% |
| Recurring financial charges | 65 | €18,736 | €18,653 | -€83 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €313,943 | €431,555 | +€117,611 | +37.5% |
| Income taxes | 67/77 | €55,539 | €59,095 | +€3,556 | +6.4% |
| Profit (loss) for the period | 9904 | €258,404 | €372,459 | +€114,056 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €258,404 | €372,459 | +€114,056 | +44.1% |
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 25 October 2026 via checked.be.