CREASERV: 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.
CREASERV
Largest movements
- Cash +€28,175
up €28,175 (+12.4%), from €227,867 to €256,042
mainly Net result for the year (+€34,206) and Trade debts (+€13,763)
- Receivables within one year +€8,331
up €8,331 (+48.4%), from €17,223 to €25,554
of which Trade receivables: +€6,208
- Tangible fixed assets +€3,609
up €3,609 (+5.1%), from €71,011 to €74,620
of which Plant, machinery and equipment: +€8,290
- Reserves +€34,206
up €34,206 (+19.1%), from €179,108 to €213,314
- Trade debts +€13,763
up €13,763 (+187%), from €7,348 to €21,111
- Other debts -€8,995
down €8,995 (-9.3%), from €96,700 to €87,705
- Gross operating margin -€32,401
down €32,401 (-34.1%), from €95,119 to €62,718
- Taxes -€8,150
down €8,150 (-38.0%), from €21,446 to €13,296
- Depreciation +€5,152
up €5,152 (+67.8%), from €7,597 to €12,750
- Other operating charges +€1,712
up €1,712 (+107%), from €1,602 to €3,314
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 | €318,421 | €357,160 | +€38,739 | +12.2% |
| Fixed assets | 21/28 | €71,011 | €74,620 | +€3,609 | +5.1% |
| Tangible fixed assets | 22/27 | €71,011 | €74,620 | +€3,609 | +5.1% |
| Land and buildings | 22 | €16,500 | €23,315 | +€6,815 | +41.3% |
| Plant, machinery and equipment | 23 | €3,998 | €12,288 | +€8,290 | +207% |
| Furniture and vehicles | 24 | €50,513 | €39,017 | -€11,496 | -22.8% |
| Current assets | 29/58 | €247,410 | €282,540 | +€35,130 | +14.2% |
| Amounts receivable within one year | 40/41 | €17,223 | €25,554 | +€8,331 | +48.4% |
| Trade receivables | 40 | €17,223 | €23,430 | +€6,208 | +36.0% |
| Other amounts receivable | 41 | - | €2,123 | +€2,123 | |
| Cash at bank and in hand | 54/58 | €227,867 | €256,042 | +€28,175 | +12.4% |
| Deferred charges and accrued income | 490/1 | €2,320 | €945 | -€1,375 | -59.3% |
| Total equity and liabilities | 10/49 | €318,421 | €357,160 | +€38,739 | +12.2% |
| Equity | 10/15 | €197,700 | €231,906 | +€34,206 | +17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,108 | €213,314 | +€34,206 | +19.1% |
| Distributable reserves | 133 | €179,108 | €213,314 | +€34,206 | +19.1% |
| Amounts payable | 17/49 | €120,722 | €125,255 | +€4,533 | +3.8% |
| Amounts payable within one year | 42/48 | €120,722 | €125,255 | +€4,533 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €2,551 | €2,531 | -€20 | -0.8% |
| Financial debts | 43 | €1,160 | - | -€1,160 | |
| Credit institutions | 430/8 | €1,160 | - | -€1,160 | |
| Trade debts | 44 | €7,348 | €21,111 | +€13,763 | +187% |
| Suppliers | 440/4 | €7,348 | €21,111 | +€13,763 | +187% |
| Taxes, remuneration and social security | 45 | €12,963 | €13,907 | +€945 | +7.3% |
| Taxes | 450/3 | €12,963 | €13,907 | +€945 | +7.3% |
| Other amounts payable | 47/48 | €96,700 | €87,705 | -€8,995 | -9.3% |
| Non-recurring operating income | 76A | €24,827 | €661 | -€24,166 | -97.3% |
| Remuneration, social security and pensions | 62 | - | €398 | +€398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,597 | €12,750 | +€5,152 | +67.8% |
| Other operating charges | 640/8 | €1,602 | €3,314 | +€1,712 | +107% |
| Gross operating margin | 9900 | €95,119 | €62,718 | -€32,401 | -34.1% |
| Operating profit (loss) | 9901 | €85,919 | €46,256 | -€39,663 | -46.2% |
| Financial income | 75/76B | €704 | €1,523 | +€819 | +116% |
| Recurring financial income | 75 | €704 | €1,523 | +€819 | +116% |
| Financial charges | 65/66B | €669 | €276 | -€393 | -58.7% |
| Recurring financial charges | 65 | €669 | €276 | -€393 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €85,954 | €47,503 | -€38,451 | -44.7% |
| Income taxes | 67/77 | €21,446 | €13,296 | -€8,150 | -38.0% |
| Profit (loss) for the period | 9904 | €64,508 | €34,206 | -€30,301 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,508 | €34,206 | -€30,301 | -47.0% |
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 25 October 2026 via checked.be.