CREAQ: 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.
CREAQ
Largest movements
- Receivables within one year -€39,322
down €39,322 (-59.7%), from €65,876 to €26,555
of which Other amounts receivable: -€40,374
- Cash +€38,348
up €38,348 (+90.5%), from €42,385 to €80,733
mainly Net result for the year (+€71,152) and Receivables within one year (+€39,322)
- Financial fixed assets +€8,000
new in 2025: €8,000
- Tangible fixed assets -€1,846
no longer reported in 2025 (was €1,846)
- Other debts -€70,000
down €70,000 (-93.3%), from €75,000 to €5,000
- Reserves +€66,152
up €66,152 (+327.6%), from €20,195 to €86,347
- Tax, wage and social debts +€5,751
up €5,751 (+69.4%), from €8,284 to €14,035
- Trade debts +€2,944
up €2,944 (+837.4%), from €352 to €3,296
- Gross operating margin +€32,389
up €32,389 (+46.1%), from €70,234 to €102,622
- Taxes +€19,400
up €19,400 (+211.3%), from €9,182 to €28,582
- Depreciation -€2,899
down €2,899 (-61.1%), from €4,744 to €1,846
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 | €110,107 | €115,288 | +€5,181 | +4.7% |
| Fixed assets | 21/28 | €1,846 | €8,000 | +€6,154 | +333.4% |
| Tangible fixed assets | 22/27 | €1,846 | - | -€1,846 | |
| Furniture and vehicles | 24 | €1,846 | - | -€1,846 | |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €108,261 | €107,288 | -€974 | -0.9% |
| Amounts receivable within one year | 40/41 | €65,876 | €26,555 | -€39,322 | -59.7% |
| Trade receivables | 40 | €16,517 | €17,569 | +€1,053 | +6.4% |
| Other amounts receivable | 41 | €49,360 | €8,985 | -€40,374 | -81.8% |
| Cash at bank and in hand | 54/58 | €42,385 | €80,733 | +€38,348 | +90.5% |
| Total equity and liabilities | 10/49 | €110,107 | €115,288 | +€5,181 | +4.7% |
| Equity | 10/15 | €26,395 | €92,547 | +€66,152 | +250.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,195 | €86,347 | +€66,152 | +327.6% |
| Distributable reserves | 133 | €20,195 | €86,347 | +€66,152 | +327.6% |
| Amounts payable | 17/49 | €83,712 | €22,741 | -€60,971 | -72.8% |
| Amounts payable within one year | 42/48 | €83,712 | €22,741 | -€60,971 | -72.8% |
| Financial debts | 43 | €76 | €410 | +€334 | +440.0% |
| Credit institutions | 430/8 | €76 | €410 | +€334 | +440.0% |
| Trade debts | 44 | €352 | €3,296 | +€2,944 | +837.4% |
| Suppliers | 440/4 | €352 | €3,296 | +€2,944 | +837.4% |
| Taxes, remuneration and social security | 45 | €8,284 | €14,035 | +€5,751 | +69.4% |
| Taxes | 450/3 | €8,284 | €14,035 | +€5,751 | +69.4% |
| Other amounts payable | 47/48 | €75,000 | €5,000 | -€70,000 | -93.3% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,744 | €1,846 | -€2,899 | -61.1% |
| Other operating charges | 640/8 | €1,198 | €900 | -€299 | -24.9% |
| Gross operating margin | 9900 | €70,234 | €102,622 | +€32,389 | +46.1% |
| Operating profit (loss) | 9901 | €64,291 | €99,877 | +€35,586 | +55.4% |
| Financial income | 75/76B | €2 | €29 | +€27 | +1348.5% |
| Recurring financial income | 75 | €2 | €29 | +€27 | +1348.5% |
| Financial charges | 65/66B | €574 | €172 | -€402 | -70.0% |
| Recurring financial charges | 65 | €574 | €172 | -€402 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €63,719 | €99,734 | +€36,014 | +56.5% |
| Income taxes | 67/77 | €9,182 | €28,582 | +€19,400 | +211.3% |
| Profit (loss) for the period | 9904 | €54,537 | €71,152 | +€16,615 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,537 | €71,152 | +€16,615 | +30.5% |
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 10 October 2026 via checked.be.