CREAQUA: 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.
CREAQUA
Largest movements
- Tangible fixed assets -€1,633
down €1,633 (-12.1%), from €13,506 to €11,874
of which Plant, machinery and equipment: -€2,725
- Stocks and contracts -€1,247
down €1,247 (-17.8%), from €7,004 to €5,757
- Cash -€1,026
down €1,026 (-36.2%), from €2,832 to €1,806
mainly Other debts (-€3,518) and Investment in fixed assets (net) (-€2,295)
- Deferred charges and accrued income +€800
new in 2025: €800
- Other debts -€3,518
down €3,518 (-51.2%), from €6,871 to €3,352
- Tax, wage and social debts +€1,455
up €1,455 (+49.6%), from €2,936 to €4,391
of which Remuneration and social security: +€2,000
- Trade debts -€1,287
down €1,287 (-66.9%), from €1,926 to €638
- Profit (loss) carried forward +€299
up €299 (+1.5%), from -€19,580 to -€19,282
- Gross operating margin -€3,406
down €3,406 (-40.5%), from €8,408 to €5,001
- Depreciation +€111
up €111 (+2.9%), from €3,817 to €3,928
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 | €23,342 | €20,290 | -€3,052 | -13.1% |
| Fixed assets | 21/28 | €13,506 | €11,874 | -€1,633 | -12.1% |
| Tangible fixed assets | 22/27 | €13,506 | €11,874 | -€1,633 | -12.1% |
| Plant, machinery and equipment | 23 | €6,923 | €4,199 | -€2,725 | -39.4% |
| Other tangible fixed assets | 26 | €6,583 | €7,675 | +€1,092 | +16.6% |
| Current assets | 29/58 | €9,836 | €8,416 | -€1,419 | -14.4% |
| Stocks and contracts in progress | 3 | €7,004 | €5,757 | -€1,247 | -17.8% |
| Stocks | 30/36 | €7,004 | €5,757 | -€1,247 | -17.8% |
| Amounts receivable within one year | 40/41 | - | €53 | +€53 | |
| Trade receivables | 40 | - | €28 | +€28 | |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €2,832 | €1,806 | -€1,026 | -36.2% |
| Deferred charges and accrued income | 490/1 | - | €800 | +€800 | |
| Total equity and liabilities | 10/49 | €23,342 | €20,290 | -€3,052 | -13.1% |
| Equity | 10/15 | €11,610 | €11,909 | +€299 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,590 | €12,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,731 | €10,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,580 | -€19,282 | +€299 | +1.5% |
| Amounts payable | 17/49 | €11,732 | €8,381 | -€3,351 | -28.6% |
| Amounts payable within one year | 42/48 | €11,732 | €8,381 | -€3,351 | -28.6% |
| Trade debts | 44 | €1,926 | €638 | -€1,287 | -66.9% |
| Suppliers | 440/4 | €1,926 | €638 | -€1,287 | -66.9% |
| Taxes, remuneration and social security | 45 | €2,936 | €4,391 | +€1,455 | +49.6% |
| Taxes | 450/3 | €2,936 | €2,391 | -€545 | -18.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €6,871 | €3,352 | -€3,518 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,817 | €3,928 | +€111 | +2.9% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | €8,408 | €5,001 | -€3,406 | -40.5% |
| Operating profit (loss) | 9901 | €3,885 | €354 | -€3,531 | -90.9% |
| Financial charges | 65/66B | €118 | €55 | -€63 | -53.2% |
| Recurring financial charges | 65 | €118 | €55 | -€63 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €3,767 | €299 | -€3,468 | -92.1% |
| Profit (loss) for the period | 9904 | €3,767 | €299 | -€3,468 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,767 | €299 | -€3,468 | -92.1% |
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 20 October 2026 via checked.be.