CREASEAL: 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.
CREASEAL
Largest movements
- Receivables within one year +€20,535
up €20,535 (+65.7%), from €31,234 to €51,770
of which Trade receivables: +€11,917
- Stocks and contracts -€10,345
down €10,345 (-73.6%), from €14,047 to €3,702
of which Contracts in progress: -€10,345
- Tangible fixed assets -€1,409
down €1,409 (-100%), from €1,409 to €0
- Other debts +€15,000
new in 2025: €15,000
- Trade debts -€11,070
down €11,070 (-51.6%), from €21,472 to €10,402
- Reserves +€3,710
up €3,710 (+24.4%), from €15,180 to €18,890
- Tax, wage and social debts +€875
up €875 (+9.7%), from €8,976 to €9,851
of which Remuneration and social security: +€2,140
- Gross operating margin +€23,534
up €23,534 (+1,403%), from €1,678 to €25,211
- Taxes +€2,882
up €2,882 (+330%), from €873 to €3,755
- Depreciation -€955
down €955 (-67.8%), from €1,409 to €453
- Financial charges -€346
down €346 (-43.7%), from €792 to €446
- Other operating charges -€319
down €319 (-16.2%), from €1,961 to €1,643
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 | €47,128 | €55,643 | +€8,515 | +18.1% |
| Fixed assets | 21/28 | €1,409 | €0 | -€1,409 | -100% |
| Tangible fixed assets | 22/27 | €1,409 | €0 | -€1,409 | -100% |
| Plant, machinery and equipment | 23 | €1,409 | €0 | -€1,409 | -100% |
| Current assets | 29/58 | €45,720 | €55,643 | +€9,924 | +21.7% |
| Stocks and contracts in progress | 3 | €14,047 | €3,702 | -€10,345 | -73.6% |
| Stocks | 30/36 | €3,702 | €3,702 | = | 0.0% |
| Contracts in progress | 37 | €10,345 | €0 | -€10,345 | -100% |
| Amounts receivable within one year | 40/41 | €31,234 | €51,770 | +€20,535 | +65.7% |
| Trade receivables | 40 | €2,989 | €14,907 | +€11,917 | +399% |
| Other amounts receivable | 41 | €28,245 | €36,863 | +€8,618 | +30.5% |
| Cash at bank and in hand | 54/58 | €438 | €172 | -€267 | -60.9% |
| Total equity and liabilities | 10/49 | €47,128 | €55,643 | +€8,515 | +18.1% |
| Equity | 10/15 | €16,680 | €20,390 | +€3,710 | +22.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €15,180 | €18,890 | +€3,710 | +24.4% |
| Distributable reserves | 133 | €15,180 | €18,890 | +€3,710 | +24.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,448 | €35,253 | +€4,805 | +15.8% |
| Amounts payable within one year | 42/48 | €30,448 | €35,253 | +€4,805 | +15.8% |
| Trade debts | 44 | €21,472 | €10,402 | -€11,070 | -51.6% |
| Suppliers | 440/4 | €21,472 | €10,402 | -€11,070 | -51.6% |
| Taxes, remuneration and social security | 45 | €8,976 | €9,851 | +€875 | +9.7% |
| Taxes | 450/3 | €8,976 | €7,711 | -€1,265 | -14.1% |
| Remuneration and social security | 454/9 | - | €2,140 | +€2,140 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €453 | -€955 | -67.8% |
| Other operating charges | 640/8 | €1,961 | €1,643 | -€319 | -16.2% |
| Non-recurring operating charges | 66A | - | €225 | +€225 | |
| Gross operating margin | 9900 | €1,678 | €25,211 | +€23,534 | +1,403% |
| Operating profit (loss) | 9901 | -€1,692 | €22,891 | +€24,583 | |
| Financial income | 75/76B | €4 | €21 | +€17 | +379% |
| Recurring financial income | 75 | €4 | €21 | +€17 | +379% |
| Financial charges | 65/66B | €792 | €446 | -€346 | -43.7% |
| Recurring financial charges | 65 | €792 | €446 | -€346 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,480 | €22,465 | +€24,945 | |
| Income taxes | 67/77 | €873 | €3,755 | +€2,882 | +330% |
| Profit (loss) for the period | 9904 | -€3,353 | €18,710 | +€22,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,353 | €18,710 | +€22,063 |
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 30 October 2026 via checked.be.