Creasmile: what changed
Two fiscal 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.
Creasmile
Largest movements
- Cash -€24,230
down €24,230 (-98.7%), from €24,551 to €320
mainly Tax, wage and social debts (-€24,378) and Trade debts (-€20,459)
- Tangible fixed assets -€15,344
down €15,344 (-78.3%), from €19,597 to €4,253
of which Furniture and vehicles: -€8,682
- Receivables within one year +€7,172
up €7,172 (+23.2%), from €30,955 to €38,127
of which Other amounts receivable: +€6,727
- Deferred charges and accrued income -€2,034
down €2,034 (-62.5%), from €3,252 to €1,218
- Debts after one year +€24,929
new in 2025: €24,929
- Tax, wage and social debts -€24,378
down €24,378 (-84.0%), from €29,029 to €4,651
of which Remuneration and social security: -€27,778
- Trade debts -€20,459
down €20,459 (-78.2%), from €26,175 to €5,716
- Other debts -€13,564
down €13,564 (-90.4%), from €14,997 to €1,432
- Profit (loss) carried forward +€5,173
up €5,173 (+15.7%), from -€33,007 to -€27,834
- Staff costs -€41,368
down €41,368 (-63.2%), from €65,415 to €24,047
- Depreciation -€12,326
down €12,326 (-42.8%), from €28,788 to €16,462
- Gross operating margin -€10,873
down €10,873 (-18.3%), from €59,447 to €48,574
- Financial charges +€4,566
up €4,566 (+384.6%), from €1,187 to €5,753
of which Non-recurring financial charges: +€3,891
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 | €78,355 | €43,918 | -€34,437 | -43.9% |
| Fixed assets | 21/28 | €19,597 | €4,253 | -€15,344 | -78.3% |
| Tangible fixed assets | 22/27 | €19,597 | €4,253 | -€15,344 | -78.3% |
| Plant, machinery and equipment | 23 | €431 | - | -€431 | |
| Furniture and vehicles | 24 | €12,935 | €4,253 | -€8,682 | -67.1% |
| Leasing and similar rights | 25 | €6,231 | - | -€6,231 | |
| Current assets | 29/58 | €58,757 | €39,665 | -€19,092 | -32.5% |
| Amounts receivable within one year | 40/41 | €30,955 | €38,127 | +€7,172 | +23.2% |
| Trade receivables | 40 | €23,408 | €23,854 | +€445 | +1.9% |
| Other amounts receivable | 41 | €7,546 | €14,273 | +€6,727 | +89.1% |
| Cash at bank and in hand | 54/58 | €24,551 | €320 | -€24,230 | -98.7% |
| Deferred charges and accrued income | 490/1 | €3,252 | €1,218 | -€2,034 | -62.5% |
| Total equity and liabilities | 10/49 | €78,355 | €43,918 | -€34,437 | -43.9% |
| Equity | 10/15 | -€6,844 | -€4,902 | +€1,942 | +28.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €7,932 | €7,932 | = | 0.0% |
| Distributable reserves | 133 | €7,932 | €7,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,007 | -€27,834 | +€5,173 | +15.7% |
| Investment grants | 15 | €3,232 | - | -€3,232 | |
| Amounts payable | 17/49 | €85,198 | €48,820 | -€36,379 | -42.7% |
| Amounts payable after more than one year | 17 | - | €24,929 | +€24,929 | |
| Financial debts | 170/4 | - | €24,929 | +€24,929 | |
| Amounts payable within one year | 42/48 | €85,198 | €23,890 | -€61,308 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €14,998 | €12,091 | -€2,907 | -19.4% |
| Trade debts | 44 | €26,175 | €5,716 | -€20,459 | -78.2% |
| Suppliers | 440/4 | €26,175 | €5,716 | -€20,459 | -78.2% |
| Taxes, remuneration and social security | 45 | €29,029 | €4,651 | -€24,378 | -84.0% |
| Taxes | 450/3 | €1,251 | €4,651 | +€3,401 | +271.9% |
| Remuneration and social security | 454/9 | €27,778 | - | -€27,778 | |
| Other amounts payable | 47/48 | €14,997 | €1,432 | -€13,564 | -90.4% |
| Non-recurring operating income | 76A | €2,012 | €4,183 | +€2,171 | +107.9% |
| Remuneration, social security and pensions | 62 | €65,415 | €24,047 | -€41,368 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,788 | €16,462 | -€12,326 | -42.8% |
| Other operating charges | 640/8 | €34 | €101 | +€67 | +194.0% |
| Non-recurring operating charges | 66A | €278 | - | -€278 | |
| Gross operating margin | 9900 | €59,447 | €48,574 | -€10,873 | -18.3% |
| Operating profit (loss) | 9901 | -€35,068 | €7,964 | +€43,032 | |
| Financial income | 75/76B | €3,380 | €3,232 | -€148 | -4.4% |
| Recurring financial income | 75 | €3,380 | €3,232 | -€148 | -4.4% |
| Financial charges | 65/66B | €1,187 | €5,753 | +€4,566 | +384.6% |
| Recurring financial charges | 65 | €1,187 | €1,862 | +€675 | +56.8% |
| Non-recurring financial charges | 66B | €0 | €3,891 | +€3,891 | +1852795.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,875 | €5,443 | +€38,318 | |
| Income taxes | 67/77 | €133 | €269 | +€137 | +103.2% |
| Profit (loss) for the period | 9904 | -€33,007 | €5,173 | +€38,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,007 | €5,173 | +€38,181 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.