CREANOVA: 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.
CREANOVA
Largest movements
- Current investments +€85,000
up €85,000, from €0 to €85,000
- Tangible fixed assets -€42,724
down €42,724 (-6.2%), from €694,115 to €651,391
of which Land and buildings: -€31,644
- Cash -€40,853
down €40,853 (-74.1%), from €55,124 to €14,272
mainly Current investments (-€85,000) and Accrued charges and deferred income (-€13,586)
- Accrued charges and deferred income -€13,586
down €13,586 (-96.5%), from €14,077 to €491
- Financial charges -€13,614
down €13,614 (-96.2%), from €14,150 to €536
- Gross operating margin -€9,791
down €9,791 (-14.7%), from €66,419 to €56,628
- Depreciation +€7,947
up €7,947 (+22.9%), from €34,777 to €42,724
- Financial income -€4,687
down €4,687 (-89.3%), from €5,251 to €564
- Other operating charges -€709
down €709 (-8.2%), from €8,658 to €7,949
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 | €755,768 | €754,036 | -€1,732 | -0.2% |
| Fixed assets | 21/28 | €694,115 | €651,391 | -€42,724 | -6.2% |
| Tangible fixed assets | 22/27 | €694,115 | €651,391 | -€42,724 | -6.2% |
| Land and buildings | 22 | €641,849 | €610,205 | -€31,644 | -4.9% |
| Plant, machinery and equipment | 23 | €1,631 | €1,265 | -€366 | -22.4% |
| Furniture and vehicles | 24 | €50,635 | €39,921 | -€10,714 | -21.2% |
| Current assets | 29/58 | €61,653 | €102,645 | +€40,992 | +66.5% |
| Amounts receivable within one year | 40/41 | €4,744 | €1,388 | -€3,356 | -70.7% |
| Other amounts receivable | 41 | €4,744 | €1,388 | -€3,356 | -70.7% |
| Current investments | 50/53 | €0 | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €55,124 | €14,272 | -€40,853 | -74.1% |
| Deferred charges and accrued income | 490/1 | €1,785 | €1,986 | +€201 | +11.3% |
| Total equity and liabilities | 10/49 | €755,768 | €754,036 | -€1,732 | -0.2% |
| Equity | 10/15 | €741,691 | €747,494 | +€5,803 | +0.8% |
| Contributions | 10/11 | €625,254 | €625,254 | = | 0.0% |
| Reserves | 13 | €116,437 | €122,240 | +€5,803 | +5.0% |
| Distributable reserves | 133 | €116,437 | €122,240 | +€5,803 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,077 | €6,542 | -€7,534 | -53.5% |
| Amounts payable within one year | 42/48 | €0 | €6,052 | +€6,052 | |
| Trade debts | 44 | - | €443 | +€443 | |
| Suppliers | 440/4 | - | €443 | +€443 | |
| Taxes, remuneration and social security | 45 | €0 | €12 | +€12 | |
| Taxes | 450/3 | €0 | €12 | +€12 | |
| Other amounts payable | 47/48 | €0 | €5,597 | +€5,597 | |
| Accrued charges and deferred income | 492/3 | €14,077 | €491 | -€13,586 | -96.5% |
| Non-recurring operating income | 76A | €9,769 | €0 | -€9,769 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,777 | €42,724 | +€7,947 | +22.9% |
| Other operating charges | 640/8 | €8,658 | €7,949 | -€709 | -8.2% |
| Gross operating margin | 9900 | €66,419 | €56,628 | -€9,791 | -14.7% |
| Operating profit (loss) | 9901 | €22,984 | €5,956 | -€17,028 | -74.1% |
| Financial income | 75/76B | €5,251 | €564 | -€4,687 | -89.3% |
| Recurring financial income | 75 | €5,251 | €564 | -€4,687 | -89.3% |
| Financial charges | 65/66B | €14,150 | €536 | -€13,614 | -96.2% |
| Recurring financial charges | 65 | €14,150 | €536 | -€13,614 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €14,085 | €5,984 | -€8,102 | -57.5% |
| Income taxes | 67/77 | €187 | €181 | -€7 | -3.5% |
| Profit (loss) for the period | 9904 | €13,898 | €5,803 | -€8,095 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,898 | €5,803 | -€8,095 | -58.2% |
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.