CREAS: 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.
CREAS
Largest movements
- Receivables within one year -€55,812
down €55,812 (-47.6%), from €117,220 to €61,408
of which Trade receivables: -€64,248
- Cash +€15,804
up €15,804 (+85.3%), from €18,532 to €34,335
mainly Receivables within one year (+€55,812) and Net result for the year (+€45,839)
- Trade debts -€76,740
down €76,740 (-97.7%), from €78,526 to €1,786
- Reserves +€45,839
up €45,839 (+94.5%), from €48,506 to €94,345
of which Distributable reserves: +€45,839
- Tax, wage and social debts -€9,977
down €9,977 (-100.0%), from €9,977 to €0
of which Taxes: -€7,686
- Gross operating margin +€43,975
up €43,975 (+235.9%), from €18,638 to €62,613
- Taxes +€10,706
up €10,706 (+618.2%), from €1,732 to €12,438
- Staff costs -€8,068
down €8,068 (-100.0%), from €8,068 to €0
- Financial charges +€1,362
up €1,362 (+112.2%), from €1,214 to €2,576
- Financial income +€1,036
up €1,036 (+8342.8%), from €12 to €1,049
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 | €141,322 | €100,776 | -€40,545 | -28.7% |
| Fixed assets | 21/28 | €3,451 | €2,809 | -€643 | -18.6% |
| Tangible fixed assets | 22/27 | €3,451 | €2,809 | -€643 | -18.6% |
| Furniture and vehicles | 24 | €3,451 | €2,809 | -€643 | -18.6% |
| Current assets | 29/58 | €137,870 | €97,968 | -€39,903 | -28.9% |
| Amounts receivable within one year | 40/41 | €117,220 | €61,408 | -€55,812 | -47.6% |
| Trade receivables | 40 | €117,220 | €52,972 | -€64,248 | -54.8% |
| Other amounts receivable | 41 | - | €8,436 | +€8,436 | |
| Cash at bank and in hand | 54/58 | €18,532 | €34,335 | +€15,804 | +85.3% |
| Deferred charges and accrued income | 490/1 | €2,119 | €2,225 | +€106 | +5.0% |
| Total equity and liabilities | 10/49 | €141,322 | €100,776 | -€40,545 | -28.7% |
| Equity | 10/15 | €49,250 | €95,089 | +€45,839 | +93.1% |
| Contributions | 10/11 | €744 | €744 | = | 0.0% |
| Reserves | 13 | €48,506 | €94,345 | +€45,839 | +94.5% |
| Non-distributable reserves | 130/1 | €223 | €223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €223 | €223 | = | 0.0% |
| Distributable reserves | 133 | €48,283 | €94,122 | +€45,839 | +94.9% |
| Amounts payable | 17/49 | €92,072 | €5,687 | -€86,385 | -93.8% |
| Amounts payable within one year | 42/48 | €92,072 | €5,316 | -€86,755 | -94.2% |
| Trade debts | 44 | €78,526 | €1,786 | -€76,740 | -97.7% |
| Suppliers | 440/4 | €78,526 | €1,786 | -€76,740 | -97.7% |
| Taxes, remuneration and social security | 45 | €9,977 | €0 | -€9,977 | -100.0% |
| Taxes | 450/3 | €7,686 | €0 | -€7,686 | -100.0% |
| Remuneration and social security | 454/9 | €2,290 | €0 | -€2,290 | -100.0% |
| Other amounts payable | 47/48 | €3,569 | €3,530 | -€39 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €371 | +€371 | |
| Remuneration, social security and pensions | 62 | €8,068 | €0 | -€8,068 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €674 | -€479 | -41.5% |
| Other operating charges | 640/8 | €205 | €427 | +€222 | +108.3% |
| Non-recurring operating charges | 66A | - | €1,708 | +€1,708 | |
| Gross operating margin | 9900 | €18,638 | €62,613 | +€43,975 | +235.9% |
| Operating profit (loss) | 9901 | €9,212 | €59,804 | +€50,592 | +549.2% |
| Financial income | 75/76B | €12 | €1,049 | +€1,036 | +8342.8% |
| Recurring financial income | 75 | €12 | €1,049 | +€1,036 | +8342.8% |
| Financial charges | 65/66B | €1,214 | €2,576 | +€1,362 | +112.2% |
| Recurring financial charges | 65 | €1,214 | €2,576 | +€1,362 | +112.2% |
| Profit (loss) for the period before taxes | 9903 | €8,011 | €58,277 | +€50,266 | +627.5% |
| Income taxes | 67/77 | €1,732 | €12,438 | +€10,706 | +618.2% |
| Profit (loss) for the period | 9904 | €6,279 | €45,839 | +€39,560 | +630.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,279 | €45,839 | +€39,560 | +630.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.