CREAPINS: 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.
CREAPINS
Largest movements
- Tangible fixed assets -€43,751
down €43,751 (-7.8%), from €557,527 to €513,776
of which Land and buildings: -€24,418
- Receivables within one year +€33,824
up €33,824 (+46.2%), from €73,141 to €106,965
of which Trade receivables: +€35,529
- Cash -€20,315
down €20,315 (-61.8%), from €32,879 to €12,564
mainly Debts after one year (-€61,854) and Trade debts (-€37,096)
- Short-term financial debts +€62,000
new in 2025: €62,000
- Debts after one year -€61,854
down €61,854 (-23.8%), from €260,403 to €198,549
- Trade debts -€37,096
down €37,096 (-34.8%), from €106,636 to €69,540
- Reserves +€13,158
up €13,158 (+6.8%), from €193,503 to €206,661
of which Distributable reserves: +€13,158
- Gross operating margin +€10,333
up €10,333 (+4.7%), from €220,119 to €230,451
- Staff costs +€7,910
up €7,910 (+5.8%), from €136,101 to €144,011
- Financial charges -€3,488
down €3,488 (-19.3%), from €18,038 to €14,550
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 | €716,161 | €684,027 | -€32,134 | -4.5% |
| Fixed assets | 21/28 | €559,831 | €516,080 | -€43,751 | -7.8% |
| Tangible fixed assets | 22/27 | €557,527 | €513,776 | -€43,751 | -7.8% |
| Land and buildings | 22 | €476,367 | €451,948 | -€24,418 | -5.1% |
| Plant, machinery and equipment | 23 | €26,375 | €24,950 | -€1,425 | -5.4% |
| Furniture and vehicles | 24 | €54,785 | €36,878 | -€17,907 | -32.7% |
| Financial fixed assets | 28 | €2,304 | €2,304 | = | 0.0% |
| Current assets | 29/58 | €156,330 | €167,947 | +€11,617 | +7.4% |
| Stocks and contracts in progress | 3 | €49,391 | €47,372 | -€2,020 | -4.1% |
| Stocks | 30/36 | €49,391 | €47,372 | -€2,020 | -4.1% |
| Amounts receivable within one year | 40/41 | €73,141 | €106,965 | +€33,824 | +46.2% |
| Trade receivables | 40 | €70,261 | €105,790 | +€35,529 | +50.6% |
| Other amounts receivable | 41 | €2,880 | €1,175 | -€1,705 | -59.2% |
| Cash at bank and in hand | 54/58 | €32,879 | €12,564 | -€20,315 | -61.8% |
| Deferred charges and accrued income | 490/1 | €918 | €1,046 | +€128 | +13.9% |
| Total equity and liabilities | 10/49 | €716,161 | €684,027 | -€32,134 | -4.5% |
| Equity | 10/15 | €199,700 | €212,858 | +€13,158 | +6.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €193,503 | €206,661 | +€13,158 | +6.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,584 | €29,584 | = | 0.0% |
| Distributable reserves | 133 | €162,060 | €175,218 | +€13,158 | +8.1% |
| Amounts payable | 17/49 | €516,461 | €471,169 | -€45,292 | -8.8% |
| Amounts payable after more than one year | 17 | €260,403 | €198,549 | -€61,854 | -23.8% |
| Financial debts | 170/4 | €260,403 | €198,549 | -€61,854 | -23.8% |
| Amounts payable within one year | 42/48 | €256,058 | €272,620 | +€16,562 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €72,806 | €68,790 | -€4,016 | -5.5% |
| Financial debts | 43 | - | €62,000 | +€62,000 | |
| Credit institutions | 430/8 | - | €62,000 | +€62,000 | |
| Trade debts | 44 | €106,636 | €69,540 | -€37,096 | -34.8% |
| Suppliers | 440/4 | €106,636 | €69,540 | -€37,096 | -34.8% |
| Taxes, remuneration and social security | 45 | €59,796 | €59,167 | -€628 | -1.1% |
| Taxes | 450/3 | €43,053 | €38,118 | -€4,935 | -11.5% |
| Remuneration and social security | 454/9 | €16,743 | €21,049 | +€4,307 | +25.7% |
| Other amounts payable | 47/48 | €16,820 | €13,122 | -€3,698 | -22.0% |
| Non-recurring operating income | 76A | - | €4,098 | +€4,098 | |
| Remuneration, social security and pensions | 62 | €136,101 | €144,011 | +€7,910 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,226 | €46,429 | +€203 | +0.4% |
| Other operating charges | 640/8 | €8,100 | €6,935 | -€1,164 | -14.4% |
| Gross operating margin | 9900 | €220,119 | €230,451 | +€10,333 | +4.7% |
| Operating profit (loss) | 9901 | €29,692 | €33,076 | +€3,385 | +11.4% |
| Financial income | 75/76B | €363 | €1,457 | +€1,094 | +301% |
| Recurring financial income | 75 | €363 | €1,457 | +€1,094 | +301% |
| Financial charges | 65/66B | €18,038 | €14,550 | -€3,488 | -19.3% |
| Recurring financial charges | 65 | €18,038 | €14,550 | -€3,488 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €12,017 | €19,983 | +€7,967 | +66.3% |
| Income taxes | 67/77 | €5,447 | €6,825 | +€1,378 | +25.3% |
| Profit (loss) for the period | 9904 | €6,569 | €13,158 | +€6,589 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €6,569 | €13,158 | +€6,589 | +100% |
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 23 October 2026 via checked.be.