Creat Branded Workwear: 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.
Creat Branded Workwear
Largest movements
- Receivables within one year -€32,445
down €32,445 (-48.8%), from €66,428 to €33,983
of which Trade receivables: -€27,947
- Stocks and contracts -€12,393
down €12,393 (-45.1%), from €27,507 to €15,114
- Cash -€9,419
down €9,419 (-60.3%), from €15,630 to €6,211
mainly Net result for the year (-€46,075) and Trade debts (-€18,255)
- Deferred charges and accrued income -€1,665
down €1,665 (-69.9%), from €2,382 to €718
- Profit (loss) carried forward -€46,075
down €46,075 (-109%), from -€42,205 to -€88,280
- Trade debts -€18,255
down €18,255 (-59.8%), from €30,530 to €12,276
- Debts after one year +€9,447
up €9,447 (+26.7%), from €35,411 to €44,858
- Tax, wage and social debts -€2,015
down €2,015 (-46.8%), from €4,311 to €2,295
- Gross operating margin -€11,398
down €11,398 (-108%), from -€10,528 to -€21,926
- Financial charges +€5,239
up €5,239 (+85.1%), from €6,158 to €11,397
of which Non-recurring financial charges: +€7,510
- Financial income +€4,772
up €4,772 (+221%), from €2,159 to €6,931
- Depreciation -€2,012
down €2,012 (-10.0%), from €20,068 to €18,056
- Other operating charges -€1,422
down €1,422 (-48.3%), from €2,943 to €1,521
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 | €143,429 | €87,506 | -€55,923 | -39.0% |
| Fixed assets | 21/28 | €31,481 | €31,480 | -€1 | 0.0% |
| Intangible fixed assets | 21 | €148 | €0 | -€148 | -100% |
| Tangible fixed assets | 22/27 | €31,333 | €31,480 | +€147 | +0.5% |
| Plant, machinery and equipment | 23 | €24,842 | €16,447 | -€8,395 | -33.8% |
| Furniture and vehicles | 24 | €2,929 | €1,322 | -€1,607 | -54.9% |
| Other tangible fixed assets | 26 | €3,562 | €13,711 | +€10,149 | +285% |
| Current assets | 29/58 | €111,948 | €56,026 | -€55,922 | -50.0% |
| Stocks and contracts in progress | 3 | €27,507 | €15,114 | -€12,393 | -45.1% |
| Stocks | 30/36 | €27,507 | €15,114 | -€12,393 | -45.1% |
| Amounts receivable within one year | 40/41 | €66,428 | €33,983 | -€32,445 | -48.8% |
| Trade receivables | 40 | €57,931 | €29,983 | -€27,947 | -48.2% |
| Other amounts receivable | 41 | €8,498 | €4,000 | -€4,498 | -52.9% |
| Cash at bank and in hand | 54/58 | €15,630 | €6,211 | -€9,419 | -60.3% |
| Deferred charges and accrued income | 490/1 | €2,382 | €718 | -€1,665 | -69.9% |
| Total equity and liabilities | 10/49 | €143,429 | €87,506 | -€55,923 | -39.0% |
| Equity | 10/15 | €61,995 | €15,920 | -€46,075 | -74.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €97,700 | €97,700 | = | 0.0% |
| Distributable reserves | 133 | €97,700 | €97,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,205 | -€88,280 | -€46,075 | -109% |
| Amounts payable | 17/49 | €81,434 | €71,586 | -€9,848 | -12.1% |
| Amounts payable after more than one year | 17 | €35,411 | €44,858 | +€9,447 | +26.7% |
| Financial debts | 170/4 | €35,411 | €44,858 | +€9,447 | +26.7% |
| Amounts payable within one year | 42/48 | €46,022 | €26,728 | -€19,294 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €9,609 | €9,944 | +€335 | +3.5% |
| Financial debts | 43 | €1,573 | €1,358 | -€215 | -13.7% |
| Credit institutions | 430/8 | €1,573 | €1,358 | -€215 | -13.7% |
| Trade debts | 44 | €30,530 | €12,276 | -€18,255 | -59.8% |
| Suppliers | 440/4 | €30,530 | €12,276 | -€18,255 | -59.8% |
| Taxes, remuneration and social security | 45 | €4,311 | €2,295 | -€2,015 | -46.8% |
| Taxes | 450/3 | €4,311 | €2,295 | -€2,015 | -46.8% |
| Other amounts payable | 47/48 | - | €856 | +€856 | |
| Remuneration, social security and pensions | 62 | -€42 | - | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,068 | €18,056 | -€2,012 | -10.0% |
| Other operating charges | 640/8 | €2,943 | €1,521 | -€1,422 | -48.3% |
| Gross operating margin | 9900 | -€10,528 | -€21,926 | -€11,398 | -108% |
| Operating profit (loss) | 9901 | -€33,497 | -€41,503 | -€8,006 | -23.9% |
| Financial income | 75/76B | €2,159 | €6,931 | +€4,772 | +221% |
| Recurring financial income | 75 | €2,159 | €6,931 | +€4,772 | +221% |
| Financial charges | 65/66B | €6,158 | €11,397 | +€5,239 | +85.1% |
| Recurring financial charges | 65 | €6,158 | €3,888 | -€2,270 | -36.9% |
| Non-recurring financial charges | 66B | - | €7,510 | +€7,510 | |
| Profit (loss) for the period before taxes | 9903 | -€37,496 | -€45,969 | -€8,473 | -22.6% |
| Income taxes | 67/77 | €201 | €106 | -€95 | -47.2% |
| Profit (loss) for the period | 9904 | -€37,697 | -€46,075 | -€8,378 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,697 | -€46,075 | -€8,378 | -22.2% |
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.