CREAPROJECT: 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.
CREAPROJECT
Largest movements
- Tangible fixed assets -€11,821
down €11,821 (-3.0%), from €389,318 to €377,496
- Other debts -€14,485
down €14,485 (-19.2%), from €75,472 to €60,987
- Gross operating margin +€514
up €514 (+3.4%), from €15,318 to €15,832
- Financial charges -€417
down €417 (-54.9%), from €760 to €343
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 | €395,101 | €381,394 | -€13,707 | -3.5% |
| Formation expenses | 20 | €1,588 | €1,174 | -€414 | -26.1% |
| Fixed assets | 21/28 | €389,318 | €377,496 | -€11,821 | -3.0% |
| Tangible fixed assets | 22/27 | €389,318 | €377,496 | -€11,821 | -3.0% |
| Land and buildings | 22 | €389,318 | €377,496 | -€11,821 | -3.0% |
| Current assets | 29/58 | €4,195 | €2,724 | -€1,472 | -35.1% |
| Amounts receivable within one year | 40/41 | €211 | €140 | -€72 | -33.9% |
| Other amounts receivable | 41 | €211 | €140 | -€72 | -33.9% |
| Cash at bank and in hand | 54/58 | €3,496 | €1,996 | -€1,500 | -42.9% |
| Deferred charges and accrued income | 490/1 | €488 | €589 | +€100 | +20.5% |
| Total equity and liabilities | 10/49 | €395,101 | €381,394 | -€13,707 | -3.5% |
| Equity | 10/15 | €314,211 | €315,381 | +€1,170 | +0.4% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €195,611 | €196,781 | +€1,170 | +0.6% |
| Distributable reserves | 133 | €195,611 | €196,781 | +€1,170 | +0.6% |
| Amounts payable | 17/49 | €80,890 | €66,013 | -€14,877 | -18.4% |
| Amounts payable within one year | 42/48 | €79,019 | €64,513 | -€14,505 | -18.4% |
| Trade debts | 44 | €2,773 | €3,126 | +€353 | +12.7% |
| Suppliers | 440/4 | €2,773 | €3,126 | +€353 | +12.7% |
| Taxes, remuneration and social security | 45 | €773 | €400 | -€373 | -48.3% |
| Taxes | 450/3 | €773 | €400 | -€373 | -48.3% |
| Other amounts payable | 47/48 | €75,472 | €60,987 | -€14,485 | -19.2% |
| Accrued charges and deferred income | 492/3 | €1,872 | €1,500 | -€372 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,236 | €12,236 | = | 0.0% |
| Other operating charges | 640/8 | €1,487 | €1,581 | +€93 | +6.3% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €15,318 | €15,832 | +€514 | +3.4% |
| Operating profit (loss) | 9901 | €1,595 | €1,940 | +€346 | +21.7% |
| Financial charges | 65/66B | €760 | €343 | -€417 | -54.9% |
| Recurring financial charges | 65 | €760 | €343 | -€417 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €834 | €1,598 | +€763 | +91.4% |
| Income taxes | 67/77 | €273 | €427 | +€154 | +56.6% |
| Profit (loss) for the period | 9904 | €562 | €1,170 | +€609 | +108.4% |
| Profit (loss) for the period to be appropriated | 9905 | €562 | €1,170 | +€609 | +108.4% |
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 2 October 2026 via checked.be.