CREASI: 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.
CREASI
Largest movements
- Tangible fixed assets +€31,892
up €31,892 (+671%), from €4,750 to €36,641
of which Furniture and vehicles: +€32,909
- Stocks and contracts +€9,581
up €9,581 (+25.0%), from €38,305 to €47,886
- Cash -€2,301
down €2,301 (-3.8%), from €60,599 to €58,299
mainly Investment in fixed assets (net) (-€35,321) and Stocks and contracts (-€9,581)
- Profit (loss) carried forward +€43,504
up €43,504 (+48.8%), from -€89,226 to -€45,721
- Other debts -€3,834
down €3,834 (-3.6%), from €105,789 to €101,956
- Gross operating margin +€42,602
up €42,602 (+673%), from €6,333 to €48,935
- Depreciation +€1,935
up €1,935 (+130%), from €1,494 to €3,429
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 | €108,618 | €147,227 | +€38,609 | +35.5% |
| Fixed assets | 21/28 | €4,750 | €36,641 | +€31,892 | +671% |
| Tangible fixed assets | 22/27 | €4,750 | €36,641 | +€31,892 | +671% |
| Furniture and vehicles | 24 | €680 | €33,589 | +€32,909 | +4,838% |
| Other tangible fixed assets | 26 | €4,069 | €3,052 | -€1,017 | -25.0% |
| Current assets | 29/58 | €103,868 | €110,586 | +€6,717 | +6.5% |
| Stocks and contracts in progress | 3 | €38,305 | €47,886 | +€9,581 | +25.0% |
| Stocks | 30/36 | €38,305 | €47,886 | +€9,581 | +25.0% |
| Amounts receivable within one year | 40/41 | €3,506 | €2,894 | -€612 | -17.5% |
| Trade receivables | 40 | €3,506 | €2,894 | -€612 | -17.5% |
| Cash at bank and in hand | 54/58 | €60,599 | €58,299 | -€2,301 | -3.8% |
| Deferred charges and accrued income | 490/1 | €1,458 | €1,507 | +€49 | +3.4% |
| Total equity and liabilities | 10/49 | €108,618 | €147,227 | +€38,609 | +35.5% |
| Equity | 10/15 | -€1,804 | €41,701 | +€43,504 | |
| Contributions | 10/11 | €87,011 | €87,011 | = | 0.0% |
| Reserves | 13 | €411 | €411 | = | 0.0% |
| Distributable reserves | 133 | €411 | €411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,226 | -€45,721 | +€43,504 | +48.8% |
| Amounts payable | 17/49 | €110,422 | €105,526 | -€4,896 | -4.4% |
| Amounts payable within one year | 42/48 | €110,422 | €105,526 | -€4,896 | -4.4% |
| Trade debts | 44 | €1,665 | €839 | -€826 | -49.6% |
| Suppliers | 440/4 | €1,665 | €839 | -€826 | -49.6% |
| Taxes, remuneration and social security | 45 | €2,967 | €2,732 | -€236 | -7.9% |
| Taxes | 450/3 | €2,967 | €2,732 | -€236 | -7.9% |
| Other amounts payable | 47/48 | €105,789 | €101,956 | -€3,834 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,494 | €3,429 | +€1,935 | +130% |
| Other operating charges | 640/8 | €1,191 | €1,208 | +€16 | +1.3% |
| Gross operating margin | 9900 | €6,333 | €48,935 | +€42,602 | +673% |
| Operating profit (loss) | 9901 | €3,647 | €44,298 | +€40,651 | +1,115% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €112 | €79 | -€34 | -30.1% |
| Recurring financial charges | 65 | €112 | €79 | -€34 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €3,545 | €44,220 | +€40,675 | +1,147% |
| Income taxes | 67/77 | €454 | €715 | +€261 | +57.6% |
| Profit (loss) for the period | 9904 | €3,091 | €43,504 | +€40,413 | +1,307% |
| Profit (loss) for the period to be appropriated | 9905 | €3,091 | €43,504 | +€40,413 | +1,307% |
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 17 October 2026 via checked.be.