CREATCO: 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.
CREATCO
Largest movements
- Tangible fixed assets -€12,254
down €12,254 (-8.9%), from €138,027 to €125,773
- Receivables within one year +€9,507
up €9,507 (+27.9%), from €34,025 to €43,532
of which Trade receivables: +€13,496
- Debts after one year -€10,220
down €10,220 (-43.9%), from €23,284 to €13,064
- Reserves +€9,875
up €9,875 (+5.8%), from €171,393 to €181,268
of which Distributable reserves: +€9,875
- Other debts -€4,155
down €4,155 (-37.3%), from €11,142 to €6,987
- Gross operating margin +€9,864
up €9,864 (+49.5%), from €19,916 to €29,779
- Taxes +€3,494
up €3,494 (+1150.1%), from €304 to €3,798
- Depreciation -€999
down €999 (-7.5%), from €13,254 to €12,254
- Financial income +€514
up €514 (+217.0%), from €237 to €751
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,786 | €228,556 | -€2,230 | -1.0% |
| Fixed assets | 21/28 | €138,027 | €125,773 | -€12,254 | -8.9% |
| Tangible fixed assets | 22/27 | €138,027 | €125,773 | -€12,254 | -8.9% |
| Land and buildings | 22 | €138,027 | €125,773 | -€12,254 | -8.9% |
| Current assets | 29/58 | €92,759 | €102,783 | +€10,025 | +10.8% |
| Amounts receivable within one year | 40/41 | €34,025 | €43,532 | +€9,507 | +27.9% |
| Trade receivables | 40 | €30,036 | €43,532 | +€13,496 | +44.9% |
| Other amounts receivable | 41 | €3,989 | - | -€3,989 | |
| Cash at bank and in hand | 54/58 | €57,475 | €57,912 | +€438 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,259 | €1,339 | +€79 | +6.3% |
| Total equity and liabilities | 10/49 | €230,786 | €228,556 | -€2,230 | -1.0% |
| Equity | 10/15 | €184,306 | €194,186 | +€9,880 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,393 | €181,268 | +€9,875 | +5.8% |
| Tax-exempt reserves | 132 | €66,633 | €66,633 | = | 0.0% |
| Distributable reserves | 133 | €104,760 | €114,635 | +€9,875 | +9.4% |
| Profit (loss) carried forward | 14 | €513 | €518 | +€5 | +1.0% |
| Amounts payable | 17/49 | €46,480 | €34,370 | -€12,110 | -26.1% |
| Amounts payable after more than one year | 17 | €23,284 | €13,064 | -€10,220 | -43.9% |
| Financial debts | 170/4 | €23,284 | €13,064 | -€10,220 | -43.9% |
| Amounts payable within one year | 42/48 | €23,196 | €20,664 | -€2,532 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €10,220 | €10,220 | = | 0.0% |
| Trade debts | 44 | €782 | €118 | -€664 | -84.9% |
| Suppliers | 440/4 | €782 | €118 | -€664 | -84.9% |
| Taxes, remuneration and social security | 45 | €1,052 | €3,339 | +€2,287 | +217.5% |
| Taxes | 450/3 | €1,052 | €1,739 | +€687 | +65.4% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €11,142 | €6,987 | -€4,155 | -37.3% |
| Accrued charges and deferred income | 492/3 | - | €642 | +€642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,254 | €12,254 | -€999 | -7.5% |
| Other operating charges | 640/8 | €2,334 | €2,545 | +€211 | +9.0% |
| Gross operating margin | 9900 | €19,916 | €29,779 | +€9,864 | +49.5% |
| Operating profit (loss) | 9901 | €4,327 | €14,979 | +€10,652 | +246.2% |
| Financial income | 75/76B | €237 | €751 | +€514 | +217.0% |
| Recurring financial income | 75 | €237 | €751 | +€514 | +217.0% |
| Financial charges | 65/66B | €1,818 | €2,053 | +€235 | +12.9% |
| Recurring financial charges | 65 | €1,818 | €2,053 | +€235 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €2,746 | €13,678 | +€10,931 | +398.0% |
| Income taxes | 67/77 | €304 | €3,798 | +€3,494 | +1150.1% |
| Profit (loss) for the period | 9904 | €2,443 | €9,880 | +€7,438 | +304.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,443 | €9,880 | +€7,438 | +304.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.