CREASAN: 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.
CREASAN
Largest movements
- Cash +€84,091
up €84,091 (+42.2%), from €199,332 to €283,422
mainly Net result for the year (+€82,665) and Depreciation (+€41,265)
- Tangible fixed assets -€39,811
down €39,811 (-14.0%), from €284,917 to €245,107
of which Furniture and vehicles: -€26,536
- Stocks and contracts -€11,470
down €11,470 (-22.9%), from €49,995 to €38,525
- Reserves +€82,665
up €82,665 (+12.0%), from €686,705 to €769,370
of which Distributable reserves: +€82,665
- Debts after one year -€44,921
down €44,921 (-48.1%), from €93,310 to €48,389
- Staff costs -€49,576
down €49,576 (-21.6%), from €229,512 to €179,936
- Gross operating margin -€27,206
down €27,206 (-7.3%), from €373,518 to €346,312
- Depreciation +€10,625
up €10,625 (+34.7%), from €30,640 to €41,265
- Taxes +€5,038
up €5,038 (+17.2%), from €29,335 to €34,373
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 | €862,598 | €895,266 | +€32,668 | +3.8% |
| Fixed assets | 21/28 | €284,917 | €245,107 | -€39,811 | -14.0% |
| Tangible fixed assets | 22/27 | €284,917 | €245,107 | -€39,811 | -14.0% |
| Land and buildings | 22 | €184,255 | €171,236 | -€13,019 | -7.1% |
| Plant, machinery and equipment | 23 | €2,152 | €1,972 | -€180 | -8.3% |
| Furniture and vehicles | 24 | €98,323 | €71,787 | -€26,536 | -27.0% |
| Other tangible fixed assets | 26 | €188 | €112 | -€76 | -40.3% |
| Current assets | 29/58 | €577,681 | €650,159 | +€72,479 | +12.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €49,995 | €38,525 | -€11,470 | -22.9% |
| Stocks | 30/36 | €49,995 | €38,525 | -€11,470 | -22.9% |
| Amounts receivable within one year | 40/41 | €129,544 | €129,752 | +€208 | +0.2% |
| Trade receivables | 40 | €108,002 | €109,010 | +€1,009 | +0.9% |
| Other amounts receivable | 41 | €21,542 | €20,741 | -€801 | -3.7% |
| Current investments | 50/53 | €196,000 | €196,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,332 | €283,422 | +€84,091 | +42.2% |
| Deferred charges and accrued income | 490/1 | €2,810 | €2,460 | -€350 | -12.5% |
| Total equity and liabilities | 10/49 | €862,598 | €895,266 | +€32,668 | +3.8% |
| Equity | 10/15 | €705,305 | €787,970 | +€82,665 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €686,705 | €769,370 | +€82,665 | +12.0% |
| Tax-exempt reserves | 132 | €202 | €202 | = | 0.0% |
| Distributable reserves | 133 | €686,503 | €769,168 | +€82,665 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,292 | €107,296 | -€49,997 | -31.8% |
| Amounts payable after more than one year | 17 | €93,310 | €48,389 | -€44,921 | -48.1% |
| Financial debts | 170/4 | €93,310 | €48,389 | -€44,921 | -48.1% |
| Amounts payable within one year | 42/48 | €63,842 | €58,783 | -€5,058 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €47,334 | €44,921 | -€2,413 | -5.1% |
| Trade debts | 44 | €8,863 | €8,769 | -€93 | -1.1% |
| Suppliers | 440/4 | €8,863 | €8,769 | -€93 | -1.1% |
| Taxes, remuneration and social security | 45 | €5,060 | €2,425 | -€2,635 | -52.1% |
| Taxes | 450/3 | €60 | €2,425 | +€2,365 | +3,919% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €2,585 | €2,668 | +€83 | +3.2% |
| Accrued charges and deferred income | 492/3 | €141 | €123 | -€18 | -12.6% |
| Non-recurring operating income | 76A | €800 | €0 | -€800 | -100% |
| Remuneration, social security and pensions | 62 | €229,512 | €179,936 | -€49,576 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,640 | €41,265 | +€10,625 | +34.7% |
| Other operating charges | 640/8 | €7,210 | €6,577 | -€633 | -8.8% |
| Gross operating margin | 9900 | €373,518 | €346,312 | -€27,206 | -7.3% |
| Operating profit (loss) | 9901 | €106,155 | €118,534 | +€12,378 | +11.7% |
| Financial income | 75/76B | €2,839 | €3,553 | +€714 | +25.1% |
| Recurring financial income | 75 | €2,839 | €3,553 | +€714 | +25.1% |
| Financial charges | 65/66B | €5,917 | €5,049 | -€868 | -14.7% |
| Recurring financial charges | 65 | €5,917 | €5,049 | -€868 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €103,078 | €117,038 | +€13,960 | +13.5% |
| Income taxes | 67/77 | €29,335 | €34,373 | +€5,038 | +17.2% |
| Profit (loss) for the period | 9904 | €73,742 | €82,665 | +€8,922 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,742 | €82,665 | +€8,922 | +12.1% |
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 27 October 2026 via checked.be.