CREARTE: 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.
CREARTE
Largest movements
- Receivables within one year +€838,607
up €838,607 (+204,055%), from €411 to €839,018
- Stocks and contracts -€12,837
down €12,837 (-5.0%), from €254,672 to €241,835
- Tax, wage and social debts +€836,385
up €836,385 (+16,615%), from €5,034 to €841,419
- Profit (loss) carried forward -€61,786
down €61,786, from €58,363 to -€3,423
- Short-term financial debts +€53,847
up €53,847 (+65.2%), from €82,617 to €136,464
of which Credit institutions: +€29,688
- Other operating charges +€37,873
up €37,873 (+1,036%), from €3,655 to €41,528
- Gross operating margin +€16,219
up €16,219 (+61.3%), from -€26,470 to -€10,252
- Taxes +€7,359
new in 2022: €7,359
- Financial charges +€678
up €678 (+34.4%), from €1,970 to €2,647
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,344 | €1,111,738 | +€825,394 | +288% |
| Fixed assets | 21/28 | €31,261 | €30,886 | -€375 | -1.2% |
| Financial fixed assets | 28 | €31,261 | €30,886 | -€375 | -1.2% |
| Current assets | 29/58 | €255,083 | €1,080,852 | +€825,769 | +324% |
| Stocks and contracts in progress | 3 | €254,672 | €241,835 | -€12,837 | -5.0% |
| Stocks | 30/36 | €254,672 | €241,835 | -€12,837 | -5.0% |
| Amounts receivable within one year | 40/41 | €411 | €839,018 | +€838,607 | +204,055% |
| Other amounts receivable | 41 | €411 | €839,018 | +€838,607 | +204,055% |
| Total equity and liabilities | 10/49 | €286,344 | €1,111,738 | +€825,394 | +288% |
| Equity | 10/15 | €94,133 | €32,347 | -€61,786 | -65.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,178 | €17,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,319 | €15,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,363 | -€3,423 | -€61,786 | |
| Amounts payable | 17/49 | €192,211 | €1,079,391 | +€887,180 | +462% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,211 | €979,391 | +€887,180 | +962% |
| Financial debts | 43 | €82,617 | €136,464 | +€53,847 | +65.2% |
| Credit institutions | 430/8 | €82,617 | €112,304 | +€29,688 | +35.9% |
| Other loans | 439 | - | €24,160 | +€24,160 | |
| Trade debts | 44 | €4,560 | €1,509 | -€3,052 | -66.9% |
| Suppliers | 440/4 | €4,560 | €1,509 | -€3,052 | -66.9% |
| Taxes, remuneration and social security | 45 | €5,034 | €841,419 | +€836,385 | +16,615% |
| Taxes | 450/3 | €5,034 | €841,419 | +€836,385 | +16,615% |
| Other operating charges | 640/8 | €3,655 | €41,528 | +€37,873 | +1,036% |
| Gross operating margin | 9900 | -€26,470 | -€10,252 | +€16,219 | +61.3% |
| Operating profit (loss) | 9901 | -€30,125 | -€51,779 | -€21,654 | -71.9% |
| Financial charges | 65/66B | €1,970 | €2,647 | +€678 | +34.4% |
| Recurring financial charges | 65 | €1,970 | €2,647 | +€678 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,095 | -€54,427 | -€22,332 | -69.6% |
| Income taxes | 67/77 | - | €7,359 | +€7,359 | |
| Profit (loss) for the period | 9904 | -€32,095 | -€61,786 | -€29,691 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,095 | -€61,786 | -€29,691 | -92.5% |
Source: filed annual accounts (NBB), financial years ended 30 November 2021 and 30 November 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.