Creat: 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.
What changed
Creat
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€179,023
2024 · €201,403-€22,380
Equity
€2.0m
2024 · €1.8m+€187,393
Cash
€118,081
2024 · €283,383-€165,302
Balance sheet total
€11.0m
2024 · €18.6m-€7.7m
Largest movements
Assets
- Receivables within one year -€7.5m
down €7.5m (-40.9%), from €18.4m to €10.9m
of which Trade receivables: -€7.5m
Equity and liabilities
- Trade debts -€8.1m
down €8.1m (-53.8%), from €15.0m to €6.9m
- Other debts +€244,858
up €244,858 (+13.8%), from €1.8m to €2.0m
Income statement
- Turnover +€8.7m
up €8.7m (+20.9%), from €41.5m to €50.2m
- Goods and materials +€8.4m
up €8.4m (+21.2%), from €39.6m to €48.0m
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.
Result 2024
€201,403
Turnover
+€8.7m
Goods and materials
-€8.4m
Services and other goods
-€291,327
Write-downs
-€14,796
Other operating charges
-€111
Financial income
-€308
Financial charges
-€21
Taxes
+€1,181
Result 2025
€179,023
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.
From operations
-€173,672
Investment
€0
Financing
+€8,370
Cash 2024
€283,383
From operations (derived)
-€173,672
Net result for the year
+€179,023
Receivables within one year
+€7.5m
Trade debts
-€8.1m
Tax, wage and social debts
-€15,867
Other debts
+€244,858
Financing
+€8,370
Contributions, distributions and other
+€8,370
Cash 2025
€118,081
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,649,591 | €10,977,047 | -€7.7m | -41.1% |
| Current assets | 29/58 | €18,649,591 | €10,977,047 | -€7.7m | -41.1% |
| Amounts receivable within one year | 40/41 | €18,366,208 | €10,858,966 | -€7.5m | -40.9% |
| Trade receivables | 40 | €18,313,653 | €10,799,375 | -€7.5m | -41.0% |
| Other amounts receivable | 41 | €52,555 | €59,591 | +€7,035 | +13.4% |
| Cash at bank and in hand | 54/58 | €283,383 | €118,081 | -€165,302 | -58.3% |
| Total equity and liabilities | 10/49 | €18,649,591 | €10,977,047 | -€7.7m | -41.1% |
| Equity | 10/15 | €1,806,748 | €1,994,141 | +€187,393 | +10.4% |
| Contributions | 10/11 | €1,162,128 | €1,170,498 | +€8,370 | +0.7% |
| Reserves | 13 | €644,620 | €823,643 | +€179,023 | +27.8% |
| Distributable reserves | 133 | €644,620 | €823,643 | +€179,023 | +27.8% |
| Amounts payable | 17/49 | €16,842,843 | €8,982,906 | -€7.9m | -46.7% |
| Amounts payable within one year | 42/48 | €16,842,843 | €8,982,906 | -€7.9m | -46.7% |
| Trade debts | 44 | €15,024,171 | €6,935,242 | -€8.1m | -53.8% |
| Suppliers | 440/4 | €15,024,171 | €6,935,242 | -€8.1m | -53.8% |
| Taxes, remuneration and social security | 45 | €40,390 | €24,524 | -€15,867 | -39.3% |
| Taxes | 450/3 | €18,436 | €3,478 | -€14,959 | -81.1% |
| Remuneration and social security | 454/9 | €21,954 | €21,046 | -€908 | -4.1% |
| Other amounts payable | 47/48 | €1,778,283 | €2,023,141 | +€244,858 | +13.8% |
| Operating income | 70/76A | €41,495,913 | €50,163,334 | +€8.7m | +20.9% |
| Turnover | 70 | €41,495,913 | €50,163,334 | +€8.7m | +20.9% |
| Operating charges | 60/66A | €41,206,366 | €49,897,020 | +€8.7m | +21.1% |
| Goods for resale, raw materials and consumables | 60 | €39,610,789 | €47,995,209 | +€8.4m | +21.2% |
| Purchases | 600/8 | €39,610,789 | €47,995,209 | +€8.4m | +21.2% |
| Services and other goods | 61 | €1,527,292 | €1,818,619 | +€291,327 | +19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,177 | €81,973 | +€14,796 | +22.0% |
| Other operating charges | 640/8 | €1,108 | €1,219 | +€111 | +10.0% |
| Operating profit (loss) | 9901 | €289,547 | €266,315 | -€23,232 | -8.0% |
| Financial income | 75/76B | €2,699 | €2,391 | -€308 | -11.4% |
| Recurring financial income | 75 | €2,699 | €2,391 | -€308 | -11.4% |
| Income from current assets | 751 | €2,699 | €2,391 | -€308 | -11.4% |
| Financial charges | 65/66B | €1,075 | €1,096 | +€21 | +2.0% |
| Recurring financial charges | 65 | €1,075 | €1,096 | +€21 | +2.0% |
| Debt charges | 650 | €1,075 | €1,096 | +€21 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €291,170 | €267,609 | -€23,561 | -8.1% |
| Income taxes | 67/77 | €89,767 | €88,586 | -€1,181 | -1.3% |
| Taxes | 670/3 | €89,767 | €88,586 | -€1,181 | -1.3% |
| Profit (loss) for the period | 9904 | €201,403 | €179,023 | -€22,380 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €201,403 | €179,023 | -€22,380 | -11.1% |
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 10 October 2026 via checked.be.