CREAMAGNA: 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.
CREAMAGNA
Largest movements
- Intangible fixed assets -€1,200
down €1,200 (-50.0%), from €2,400 to €1,200
- Cash -€1,190
down €1,190 (-12.8%), from €9,332 to €8,142
mainly Net result for the year (-€4,870) and Tax, wage and social debts (-€1,331)
- Tangible fixed assets -€465
down €465 (-95.1%), from €489 to €24
- Receivables within one year +€316
up €316 (+4.3%), from €7,299 to €7,615
of which Other amounts receivable: +€223
- Profit (loss) carried forward -€4,870
down €4,870 (-67.7%), from €7,196 to €2,326
- Trade debts +€3,626
up €3,626 (+93.2%), from €3,891 to €7,517
- Tax, wage and social debts -€1,331
no longer reported in 2024 (was €1,331)
- Turnover -€11,934
down €11,934 (-56.0%), from €21,316 to €9,382
- Purchases and services -€9,607
down €9,607 (-49.4%), from €19,466 to €9,859
- Gross operating margin -€2,277
down €2,277, from €1,850 to -€427
- Taxes +€2,231
up €2,231 (+6374.3%), from €35 to €2,266
- Other operating charges +€267
up €267 (+178.0%), from €150 to €417
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,520 | €16,981 | -€2,539 | -13.0% |
| Fixed assets | 21/28 | €2,889 | €1,224 | -€1,665 | -57.6% |
| Intangible fixed assets | 21 | €2,400 | €1,200 | -€1,200 | -50.0% |
| Tangible fixed assets | 22/27 | €489 | €24 | -€465 | -95.1% |
| Plant, machinery and equipment | 23 | €489 | €24 | -€465 | -95.1% |
| Current assets | 29/58 | €16,631 | €15,757 | -€874 | -5.3% |
| Amounts receivable within one year | 40/41 | €7,299 | €7,615 | +€316 | +4.3% |
| Trade receivables | 40 | €798 | €891 | +€93 | +11.7% |
| Other amounts receivable | 41 | €6,501 | €6,724 | +€223 | +3.4% |
| Cash at bank and in hand | 54/58 | €9,332 | €8,142 | -€1,190 | -12.8% |
| Total equity and liabilities | 10/49 | €19,520 | €16,981 | -€2,539 | -13.0% |
| Equity | 10/15 | €13,196 | €8,326 | -€4,870 | -36.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,196 | €2,326 | -€4,870 | -67.7% |
| Amounts payable | 17/49 | €6,324 | €8,655 | +€2,331 | +36.9% |
| Amounts payable within one year | 42/48 | €6,324 | €8,655 | +€2,331 | +36.9% |
| Trade debts | 44 | €3,891 | €7,517 | +€3,626 | +93.2% |
| Suppliers | 440/4 | €3,891 | €7,517 | +€3,626 | +93.2% |
| Taxes, remuneration and social security | 45 | €1,331 | - | -€1,331 | |
| Taxes | 450/3 | €1,331 | - | -€1,331 | |
| Other amounts payable | 47/48 | €1,102 | €1,138 | +€36 | +3.3% |
| Turnover | 70 | €21,316 | €9,382 | -€11,934 | -56.0% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,466 | €9,859 | -€9,607 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,665 | +€40 | +2.5% |
| Other operating charges | 640/8 | €150 | €417 | +€267 | +178.0% |
| Gross operating margin | 9900 | €1,850 | -€427 | -€2,277 | |
| Operating profit (loss) | 9901 | €75 | -€2,509 | -€2,584 | |
| Financial charges | 65/66B | €93 | €95 | +€2 | +2.2% |
| Recurring financial charges | 65 | €93 | €95 | +€2 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€18 | -€2,604 | -€2,586 | -14366.7% |
| Income taxes | 67/77 | €35 | €2,266 | +€2,231 | +6374.3% |
| Profit (loss) for the period | 9904 | -€53 | -€4,870 | -€4,817 | -9088.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€53 | -€4,870 | -€4,817 | -9088.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.