CREAMAR: 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.
CREAMAR
Largest movements
- Cash +€111,171
up €111,171 (+25.8%), from €431,243 to €542,414
mainly Net result for the year (+€73,592) and Receivables within one year (+€33,408)
- Receivables within one year -€33,408
down €33,408 (-56.5%), from €59,078 to €25,671
of which Trade receivables: -€33,408
- Tangible fixed assets -€15,928
down €15,928 (-35.2%), from €45,211 to €29,282
- Reserves +€71,926
up €71,926 (+14.5%), from €495,237 to €567,163
- Tax, wage and social debts -€15,439
down €15,439 (-60.1%), from €25,677 to €10,237
- Gross operating margin -€7,563
down €7,563 (-6.2%), from €122,785 to €115,223
- Taxes -€3,976
down €3,976 (-13.1%), from €30,352 to €26,375
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 | €539,515 | €600,155 | +€60,640 | +11.2% |
| Fixed assets | 21/28 | €45,211 | €29,282 | -€15,928 | -35.2% |
| Tangible fixed assets | 22/27 | €45,211 | €29,282 | -€15,928 | -35.2% |
| Furniture and vehicles | 24 | €45,211 | €29,282 | -€15,928 | -35.2% |
| Current assets | 29/58 | €494,305 | €570,873 | +€76,568 | +15.5% |
| Amounts receivable within one year | 40/41 | €59,078 | €25,671 | -€33,408 | -56.5% |
| Trade receivables | 40 | €59,078 | €25,671 | -€33,408 | -56.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €431,243 | €542,414 | +€111,171 | +25.8% |
| Deferred charges and accrued income | 490/1 | €3,984 | €2,789 | -€1,195 | -30.0% |
| Total equity and liabilities | 10/49 | €539,515 | €600,155 | +€60,640 | +11.2% |
| Equity | 10/15 | €502,237 | €574,163 | +€71,926 | +14.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €495,237 | €567,163 | +€71,926 | +14.5% |
| Distributable reserves | 133 | €495,237 | €567,163 | +€71,926 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,279 | €25,992 | -€11,286 | -30.3% |
| Amounts payable within one year | 42/48 | €36,785 | €25,992 | -€10,793 | -29.3% |
| Trade debts | 44 | €1,736 | €1,046 | -€690 | -39.7% |
| Suppliers | 440/4 | €1,736 | €1,046 | -€690 | -39.7% |
| Taxes, remuneration and social security | 45 | €25,677 | €10,237 | -€15,439 | -60.1% |
| Taxes | 450/3 | €25,677 | €10,237 | -€15,439 | -60.1% |
| Other amounts payable | 47/48 | €9,373 | €14,709 | +€5,336 | +56.9% |
| Accrued charges and deferred income | 492/3 | €493 | €0 | -€493 | -100% |
| Non-recurring operating income | 76A | - | €4,178 | +€4,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,928 | €15,928 | = | 0.0% |
| Other operating charges | 640/8 | €1,201 | €692 | -€509 | -42.4% |
| Gross operating margin | 9900 | €122,785 | €115,223 | -€7,563 | -6.2% |
| Operating profit (loss) | 9901 | €105,656 | €98,602 | -€7,054 | -6.7% |
| Financial income | 75/76B | €2,684 | €2,232 | -€452 | -16.9% |
| Recurring financial income | 75 | €2,684 | €2,232 | -€452 | -16.9% |
| Financial charges | 65/66B | €778 | €866 | +€88 | +11.3% |
| Recurring financial charges | 65 | €778 | €866 | +€88 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €107,562 | €99,968 | -€7,594 | -7.1% |
| Income taxes | 67/77 | €30,352 | €26,375 | -€3,976 | -13.1% |
| Profit (loss) for the period | 9904 | €77,210 | €73,592 | -€3,618 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,210 | €73,592 | -€3,618 | -4.7% |
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 15 October 2026 via checked.be.