CREALOAN: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
CREALOAN
Largest movements
- Receivables within one year +€25.0m
up €25.0m (+4,513%), from €553,527 to €25.5m
of which Other amounts receivable: +€25.3m
- Current investments -€16.0m
down €16.0m (-95.8%), from €16.7m to €700,000
- Cash -€8.7m
down €8.7m (-96.7%), from €9.0m to €297,666
mainly Receivables within one year (-€25.0m) and Investment in fixed assets (net) (-€2.9m)
- Financial fixed assets +€2.9m
up €2.9m (+9.6%), from €30.2m to €33.1m
of which Affiliated companies: +€2.7m
- Reserves +€2.1m
up €2.1m (+3.9%), from €55.4m to €57.5m
- Revaluation surpluses +€1.0m
up €1.0m (+118%), from €878,101 to €1.9m
- Financial income -€23.1m
down €23.1m (-90.2%), from €25.6m to €2.5m
of which Financial income: -€23.4m
- Taxes -€468,661
down €468,661 (-69.2%), from €677,294 to €208,634
- Turnover -€431,382
down €431,382 (-85.8%), from €502,533 to €71,151
- Financial charges +€68,907
up €68,907 (+62.7%), from €109,953 to €178,860
of which Non-recurring financial charges: +€92,502
- Services and other goods +€39,714
up €39,714 (+171%), from €23,285 to €62,999
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,976,344 | €59,591,429 | +€2.6m | +4.6% |
| Fixed assets | 21/28 | €30,171,128 | €33,059,767 | +€2.9m | +9.6% |
| Financial fixed assets | 28 | €30,171,128 | €33,059,767 | +€2.9m | +9.6% |
| Affiliated companies | 280/1 | €15,668,764 | €18,401,412 | +€2.7m | +17.4% |
| Participating interests | 280 | €15,668,764 | €18,401,412 | +€2.7m | +17.4% |
| Companies linked by participating interests | 282/3 | €639,701 | - | -€639,701 | |
| Participating interests | 282 | €639,701 | - | -€639,701 | |
| Other financial fixed assets | 284/8 | €13,862,663 | €14,658,355 | +€795,692 | +5.7% |
| Shares | 284 | €13,862,663 | €14,658,355 | +€795,692 | +5.7% |
| Current assets | 29/58 | €26,805,215 | €26,531,662 | -€273,553 | -1.0% |
| Amounts receivable after more than one year | 29 | €515,350 | - | -€515,350 | |
| Other amounts receivable | 291 | €515,350 | - | -€515,350 | |
| Amounts receivable within one year | 40/41 | €553,527 | €25,533,918 | +€25.0m | +4,513% |
| Trade receivables | 40 | €439,696 | €78,918 | -€360,778 | -82.1% |
| Other amounts receivable | 41 | €113,831 | €25,455,000 | +€25.3m | +22,262% |
| Current investments | 50/53 | €16,700,000 | €700,000 | -€16.0m | -95.8% |
| Other investments | 51/53 | €16,700,000 | €700,000 | -€16.0m | -95.8% |
| Cash at bank and in hand | 54/58 | €9,019,943 | €297,666 | -€8.7m | -96.7% |
| Deferred charges and accrued income | 490/1 | €16,395 | €78 | -€16,317 | -99.5% |
| Total equity and liabilities | 10/49 | €56,976,344 | €59,591,429 | +€2.6m | +4.6% |
| Equity | 10/15 | €56,333,126 | €59,505,290 | +€3.2m | +5.6% |
| Contributions | 10/11 | €73,900 | €73,900 | = | 0.0% |
| Revaluation surpluses | 12 | €878,101 | €1,914,400 | +€1.0m | +118% |
| Reserves | 13 | €55,381,125 | €57,516,990 | +€2.1m | +3.9% |
| Distributable reserves | 133 | €55,381,125 | €57,516,990 | +€2.1m | +3.9% |
| Amounts payable | 17/49 | €643,218 | €86,139 | -€557,079 | -86.6% |
| Amounts payable within one year | 42/48 | €641,370 | €86,139 | -€555,231 | -86.6% |
| Financial debts | 43 | €525,000 | - | -€525,000 | |
| Credit institutions | 430/8 | €525,000 | - | -€525,000 | |
| Trade debts | 44 | €7,687 | €8,174 | +€486 | +6.3% |
| Suppliers | 440/4 | €7,687 | €8,174 | +€486 | +6.3% |
| Taxes, remuneration and social security | 45 | €108,682 | €77,965 | -€30,717 | -28.3% |
| Taxes | 450/3 | €108,682 | €77,965 | -€30,717 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,848 | - | -€1,848 | |
| Operating income | 70/76A | €502,533 | €71,151 | -€431,382 | -85.8% |
| Turnover | 70 | €502,533 | €71,151 | -€431,382 | -85.8% |
| Operating charges | 60/66A | €23,786 | €63,253 | +€39,467 | +166% |
| Services and other goods | 61 | €23,285 | €62,999 | +€39,714 | +171% |
| Other operating charges | 640/8 | €501 | €254 | -€247 | -49.3% |
| Operating profit (loss) | 9901 | €478,747 | €7,898 | -€470,849 | -98.4% |
| Financial income | 75/76B | €25,630,551 | €2,515,459 | -€23.1m | -90.2% |
| Recurring financial income | 75 | €25,630,518 | €2,214,752 | -€23.4m | -91.4% |
| Income from financial fixed assets | 750 | €25,094,434 | €1,393,922 | -€23.7m | -94.4% |
| Income from current assets | 751 | €536,084 | €820,830 | +€284,746 | +53.1% |
| Non-recurring financial income | 76B | €32 | €300,707 | +€300,675 | +927,722% |
| Financial charges | 65/66B | €109,953 | €178,860 | +€68,907 | +62.7% |
| Recurring financial charges | 65 | €36,223 | €12,628 | -€23,596 | -65.1% |
| Debt charges | 650 | €31,736 | €8,663 | -€23,074 | -72.7% |
| Other financial charges | 652/9 | €4,487 | €3,965 | -€522 | -11.6% |
| Non-recurring financial charges | 66B | €73,729 | €166,232 | +€92,502 | +125% |
| Profit (loss) for the period before taxes | 9903 | €25,999,345 | €2,344,498 | -€23.7m | -91.0% |
| Income taxes | 67/77 | €677,294 | €208,634 | -€468,661 | -69.2% |
| Taxes | 670/3 | €677,294 | €208,634 | -€468,661 | -69.2% |
| Profit (loss) for the period | 9904 | €25,322,051 | €2,135,865 | -€23.2m | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,322,051 | €2,135,865 | -€23.2m | -91.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.