CREASEC: 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.
CREASEC
Largest movements
- Cash +€29,409
up €29,409 (+53.4%), from €55,033 to €84,442
mainly Net result for the year (+€23,369) and Other debts (+€14,951)
- Deferred charges and accrued income -€2,592
down €2,592 (-38.7%), from €6,691 to €4,099
- Tangible fixed assets -€2,073
down €2,073 (-58.6%), from €3,535 to €1,462
of which Furniture and vehicles: -€1,970
- Other debts +€14,951
up €14,951 (+30593.7%), from €49 to €15,000
- Reserves +€8,000
up €8,000 (+8.1%), from €99,360 to €107,360
- Gross operating margin +€8,217
up €8,217 (+27.8%), from €29,551 to €37,768
- Financial income -€7,193
down €7,193 (-66.1%), from €10,878 to €3,685
- Other operating charges +€668
up €668 (+54.0%), from €1,238 to €1,906
- Taxes +€594
up €594 (+5.4%), from €10,980 to €11,574
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 | €125,101 | €148,903 | +€23,802 | +19.0% |
| Fixed assets | 21/28 | €3,535 | €1,462 | -€2,073 | -58.6% |
| Tangible fixed assets | 22/27 | €3,535 | €1,462 | -€2,073 | -58.6% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Furniture and vehicles | 24 | €3,432 | €1,462 | -€1,970 | -57.4% |
| Current assets | 29/58 | €121,566 | €147,441 | +€25,875 | +21.3% |
| Stocks and contracts in progress | 3 | €24,247 | €23,019 | -€1,228 | -5.1% |
| Stocks | 30/36 | €24,247 | €23,019 | -€1,228 | -5.1% |
| Amounts receivable within one year | 40/41 | €2,841 | €1,838 | -€1,003 | -35.3% |
| Trade receivables | 40 | €2,841 | €1,648 | -€1,193 | -42.0% |
| Other amounts receivable | 41 | - | €190 | +€190 | |
| Current investments | 50/53 | €32,755 | €34,044 | +€1,289 | +3.9% |
| Cash at bank and in hand | 54/58 | €55,033 | €84,442 | +€29,409 | +53.4% |
| Deferred charges and accrued income | 490/1 | €6,691 | €4,099 | -€2,592 | -38.7% |
| Total equity and liabilities | 10/49 | €125,101 | €148,903 | +€23,802 | +19.0% |
| Equity | 10/15 | €112,930 | €121,299 | +€8,369 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,360 | €107,360 | +€8,000 | +8.1% |
| Distributable reserves | 133 | €99,360 | €107,360 | +€8,000 | +8.1% |
| Profit (loss) carried forward | 14 | €7,370 | €7,739 | +€369 | +5.0% |
| Amounts payable | 17/49 | €12,171 | €27,604 | +€15,433 | +126.8% |
| Amounts payable within one year | 42/48 | €12,171 | €27,604 | +€15,433 | +126.8% |
| Trade debts | 44 | €9,161 | €9,083 | -€78 | -0.8% |
| Suppliers | 440/4 | €9,161 | €9,083 | -€78 | -0.8% |
| Taxes, remuneration and social security | 45 | €2,962 | €3,521 | +€559 | +18.9% |
| Taxes | 450/3 | €2,962 | €3,521 | +€559 | +18.9% |
| Other amounts payable | 47/48 | €49 | €15,000 | +€14,951 | +30593.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,225 | €2,073 | -€152 | -6.8% |
| Other operating charges | 640/8 | €1,238 | €1,906 | +€668 | +54.0% |
| Gross operating margin | 9900 | €29,551 | €37,768 | +€8,217 | +27.8% |
| Operating profit (loss) | 9901 | €26,088 | €33,789 | +€7,701 | +29.5% |
| Financial income | 75/76B | €10,878 | €3,685 | -€7,193 | -66.1% |
| Recurring financial income | 75 | €10,878 | €3,685 | -€7,193 | -66.1% |
| Financial charges | 65/66B | €2,283 | €2,530 | +€247 | +10.8% |
| Recurring financial charges | 65 | €2,283 | €2,530 | +€247 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €34,683 | €34,944 | +€261 | +0.8% |
| Income taxes | 67/77 | €10,980 | €11,574 | +€594 | +5.4% |
| Profit (loss) for the period | 9904 | €23,703 | €23,369 | -€333 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,703 | €23,369 | -€333 | -1.4% |
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 11 October 2026 via checked.be.