Create & Build: 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.
Create & Build
Largest movements
- Receivables within one year -€90,436
down €90,436 (-97.4%), from €92,861 to €2,425
of which Other amounts receivable: -€85,951
- Deferred charges and accrued income -€7,329
down €7,329 (-90.8%), from €8,073 to €744
- Tangible fixed assets -€5,861
down €5,861 (-45.5%), from €12,886 to €7,025
of which Furniture and vehicles: -€3,744
- Profit (loss) carried forward -€69,767
down €69,767 (-9.5%), from -€737,676 to -€807,443
- Trade debts -€20,751
down €20,751 (-75.1%), from €27,616 to €6,865
- Other debts +€14,973
up €14,973 (+16.2%), from €92,687 to €107,660
- Advances received -€14,324
down €14,324 (-81.8%), from €17,500 to €3,176
- Tax, wage and social debts -€13,513
down €13,513 (-94.0%), from €14,373 to €860
of which Remuneration and social security: -€11,732
- Write-downs -€150,749
down €150,749 (-99.7%), from €151,255 to €506
- Financial charges -€103,804
down €103,804 (-66.9%), from €155,116 to €51,313
of which Non-recurring financial charges: -€150,615
- Staff costs -€39,718
down €39,718 (-95.4%), from €41,636 to €1,918
- Gross operating margin -€2,130
down €2,130 (-44.3%), from -€4,806 to -€6,936
- Other operating charges +€1,234
up €1,234 (+78.6%), from €1,569 to €2,803
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 | €133,594 | €29,938 | -€103,656 | -77.6% |
| Fixed assets | 21/28 | €32,586 | €26,725 | -€5,861 | -18.0% |
| Tangible fixed assets | 22/27 | €12,886 | €7,025 | -€5,861 | -45.5% |
| Land and buildings | 22 | €5,780 | €4,887 | -€893 | -15.4% |
| Plant, machinery and equipment | 23 | €2,394 | €1,171 | -€1,224 | -51.1% |
| Furniture and vehicles | 24 | €4,711 | €967 | -€3,744 | -79.5% |
| Financial fixed assets | 28 | €19,700 | €19,700 | = | 0.0% |
| Current assets | 29/58 | €101,008 | €3,213 | -€97,795 | -96.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €92,861 | €2,425 | -€90,436 | -97.4% |
| Trade receivables | 40 | €4,485 | €0 | -€4,485 | -100% |
| Other amounts receivable | 41 | €88,377 | €2,425 | -€85,951 | -97.3% |
| Cash at bank and in hand | 54/58 | €73 | €43 | -€30 | -40.7% |
| Deferred charges and accrued income | 490/1 | €8,073 | €744 | -€7,329 | -90.8% |
| Total equity and liabilities | 10/49 | €133,594 | €29,938 | -€103,656 | -77.6% |
| Equity | 10/15 | -€719,076 | -€788,843 | -€69,767 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€737,676 | -€807,443 | -€69,767 | -9.5% |
| Amounts payable | 17/49 | €852,670 | €818,781 | -€33,888 | -4.0% |
| Amounts payable after more than one year | 17 | €648,273 | €647,659 | -€614 | -0.1% |
| Financial debts | 170/4 | €348,500 | €348,500 | = | 0.0% |
| Other amounts payable | 178/9 | €299,773 | €299,159 | -€614 | -0.2% |
| Amounts payable within one year | 42/48 | €202,176 | €169,122 | -€33,053 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,000 | €50,562 | +€562 | +1.1% |
| Credit institutions | 430/8 | €50,000 | €50,562 | +€562 | +1.1% |
| Trade debts | 44 | €27,616 | €6,865 | -€20,751 | -75.1% |
| Suppliers | 440/4 | €27,616 | €6,865 | -€20,751 | -75.1% |
| Advances received on contracts in progress | 46 | €17,500 | €3,176 | -€14,324 | -81.8% |
| Taxes, remuneration and social security | 45 | €14,373 | €860 | -€13,513 | -94.0% |
| Taxes | 450/3 | €2,641 | €860 | -€1,781 | -67.4% |
| Remuneration and social security | 454/9 | €11,732 | €0 | -€11,732 | -100% |
| Other amounts payable | 47/48 | €92,687 | €107,660 | +€14,973 | +16.2% |
| Accrued charges and deferred income | 492/3 | €2,221 | €2,000 | -€221 | -10.0% |
| Remuneration, social security and pensions | 62 | €41,636 | €1,918 | -€39,718 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,342 | €5,861 | -€481 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €151,255 | €506 | -€150,749 | -99.7% |
| Other operating charges | 640/8 | €1,569 | €2,803 | +€1,234 | +78.6% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | -€4,806 | -€6,936 | -€2,130 | -44.3% |
| Operating profit (loss) | 9901 | -€205,608 | -€18,024 | +€187,584 | +91.2% |
| Financial income | 75/76B | €1,225 | €5 | -€1,220 | -99.6% |
| Recurring financial income | 75 | €1,225 | €5 | -€1,220 | -99.6% |
| Financial charges | 65/66B | €155,116 | €51,313 | -€103,804 | -66.9% |
| Recurring financial charges | 65 | €4,501 | €51,313 | +€46,811 | +1,040% |
| Non-recurring financial charges | 66B | €150,615 | €0 | -€150,615 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€359,500 | -€69,332 | +€290,168 | +80.7% |
| Income taxes | 67/77 | €424 | €436 | +€12 | +2.8% |
| Profit (loss) for the period | 9904 | -€359,923 | -€69,767 | +€290,156 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€359,923 | -€69,767 | +€290,156 | +80.6% |
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 24 October 2026 via checked.be.