CREANDO: 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.
CREANDO
Largest movements
- Receivables within one year +€77,990
up €77,990 (+58.6%), from €132,986 to €210,976
of which Trade receivables: +€78,590
- Cash +€47,115
up €47,115 (+18.9%), from €249,114 to €296,229
mainly Accrued charges and deferred income (+€42,094) and Trade debts (+€33,405)
- Tangible fixed assets +€8,643
up €8,643, from €0 to €8,643
of which Furniture and vehicles: +€5,936
- Accrued charges and deferred income +€42,094
up €42,094 (+72.7%), from €57,906 to €100,000
- Trade debts +€33,405
up €33,405 (+50.8%), from €65,797 to €99,202
- Reserves +€28,542
up €28,542 (+12.1%), from €236,169 to €264,711
of which Distributable reserves: +€28,542
- Tax, wage and social debts +€17,326
up €17,326 (+140.7%), from €12,313 to €29,639
of which Taxes: +€13,180
- Short-term financial debts +€8,161
up €8,161 (+3468.5%), from €235 to €8,396
- Gross operating margin +€41,659
up €41,659 (+124.2%), from €33,533 to €75,192
- Staff costs +€33,202
new in 2025: €33,202
- Taxes +€2,548
up €2,548 (+27.9%), from €9,138 to €11,686
- Depreciation -€918
down €918 (-78.6%), from €1,168 to €250
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.
Cash bridge derived
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 | €391,051 | €522,541 | +€131,490 | +33.6% |
| Fixed assets | 21/28 | €1,110 | €9,753 | +€8,643 | +778.6% |
| Tangible fixed assets | 22/27 | €0 | €8,643 | +€8,643 | |
| Plant, machinery and equipment | 23 | - | €2,707 | +€2,707 | |
| Furniture and vehicles | 24 | €0 | €5,936 | +€5,936 | |
| Financial fixed assets | 28 | €1,110 | €1,110 | = | 0.0% |
| Current assets | 29/58 | €389,941 | €512,788 | +€122,847 | +31.5% |
| Amounts receivable within one year | 40/41 | €132,986 | €210,976 | +€77,990 | +58.6% |
| Trade receivables | 40 | €132,329 | €210,919 | +€78,590 | +59.4% |
| Other amounts receivable | 41 | €656 | €57 | -€600 | -91.4% |
| Cash at bank and in hand | 54/58 | €249,114 | €296,229 | +€47,115 | +18.9% |
| Deferred charges and accrued income | 490/1 | €7,842 | €5,583 | -€2,259 | -28.8% |
| Total equity and liabilities | 10/49 | €391,051 | €522,541 | +€131,490 | +33.6% |
| Equity | 10/15 | €254,769 | €283,311 | +€28,542 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,169 | €264,711 | +€28,542 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €234,309 | €262,851 | +€28,542 | +12.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €136,282 | €239,230 | +€102,947 | +75.5% |
| Amounts payable within one year | 42/48 | €78,376 | €139,230 | +€60,854 | +77.6% |
| Financial debts | 43 | €235 | €8,396 | +€8,161 | +3468.5% |
| Credit institutions | 430/8 | €235 | €8,396 | +€8,161 | +3468.5% |
| Trade debts | 44 | €65,797 | €99,202 | +€33,405 | +50.8% |
| Suppliers | 440/4 | €65,797 | €99,202 | +€33,405 | +50.8% |
| Taxes, remuneration and social security | 45 | €12,313 | €29,639 | +€17,326 | +140.7% |
| Taxes | 450/3 | €12,313 | €25,493 | +€13,180 | +107.0% |
| Remuneration and social security | 454/9 | - | €4,145 | +€4,145 | |
| Other amounts payable | 47/48 | €30 | €1,993 | +€1,962 | +6519.7% |
| Accrued charges and deferred income | 492/3 | €57,906 | €100,000 | +€42,094 | +72.7% |
| Remuneration, social security and pensions | 62 | - | €33,202 | +€33,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €250 | -€918 | -78.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €33,533 | €75,192 | +€41,659 | +124.2% |
| Operating profit (loss) | 9901 | €32,365 | €41,341 | +€8,976 | +27.7% |
| Financial income | 75/76B | €1,617 | €1,583 | -€34 | -2.1% |
| Recurring financial income | 75 | €1,617 | €1,583 | -€34 | -2.1% |
| Financial charges | 65/66B | €731 | €732 | +€1 | +0.1% |
| Recurring financial charges | 65 | €731 | €732 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €33,251 | €42,191 | +€8,941 | +26.9% |
| Income taxes | 67/77 | €9,138 | €11,686 | +€2,548 | +27.9% |
| Profit (loss) for the period | 9904 | €24,112 | €30,505 | +€6,392 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,112 | €30,505 | +€6,392 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.