CREATE.eu: 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.
CREATE.eu
Largest movements
- Tangible fixed assets +€308,204
up €308,204 (+348.6%), from €88,413 to €396,617
of which Plant, machinery and equipment: +€298,420
- Cash +€257,818
up €257,818 (+26.0%), from €993,516 to €1.3m
mainly Net result for the year (+€1.0m) and Receivables within one year (+€256,535)
- Receivables within one year -€256,535
down €256,535 (-17.0%), from €1.5m to €1.3m
of which Trade receivables: -€342,415
- Reserves -€315,750
down €315,750 (-45.3%), from €696,853 to €381,103
of which Tax-exempt reserves: -€315,750
- Debts after one year +€213,419
up €213,419 (+798.6%), from €26,724 to €240,143
- Trade debts +€212,128
up €212,128 (+233.5%), from €90,852 to €302,979
- Accrued charges and deferred income +€196,327
new in 2025: €196,327
- Current portion of long-term debt +€50,367
up €50,367 (+134.9%), from €37,345 to €87,712
- Gross operating margin -€469,149
down €469,149 (-14.9%), from €3.1m to €2.7m
- Staff costs -€286,267
down €286,267 (-20.8%), from €1.4m to €1.1m
- Financial income -€129,328
down €129,328 (-100.0%), from €129,359 to €31
- Write-downs +€120,757
new in 2025: €120,757
- Taxes -€90,470
down €90,470 (-21.5%), from €421,277 to €330,807
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 | €2,596,359 | €2,905,846 | +€309,488 | +11.9% |
| Fixed assets | 21/28 | €90,513 | €398,717 | +€308,204 | +340.5% |
| Tangible fixed assets | 22/27 | €88,413 | €396,617 | +€308,204 | +348.6% |
| Plant, machinery and equipment | 23 | €49,211 | €347,631 | +€298,420 | +606.4% |
| Furniture and vehicles | 24 | €39,202 | €41,608 | +€2,406 | +6.1% |
| Other tangible fixed assets | 26 | - | €7,378 | +€7,378 | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €2,505,846 | €2,507,129 | +€1,284 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,512,330 | €1,255,795 | -€256,535 | -17.0% |
| Trade receivables | 40 | €1,511,096 | €1,168,681 | -€342,415 | -22.7% |
| Other amounts receivable | 41 | €1,234 | €87,115 | +€85,880 | +6957.4% |
| Cash at bank and in hand | 54/58 | €993,516 | €1,251,334 | +€257,818 | +26.0% |
| Total equity and liabilities | 10/49 | €2,596,359 | €2,905,846 | +€309,488 | +11.9% |
| Equity | 10/15 | €748,053 | €432,303 | -€315,750 | -42.2% |
| Contributions | 10/11 | €51,200 | €51,200 | = | 0.0% |
| Reserves | 13 | €696,853 | €381,103 | -€315,750 | -45.3% |
| Tax-exempt reserves | 132 | €316,697 | €947 | -€315,750 | -99.7% |
| Distributable reserves | 133 | €380,156 | €380,156 | = | 0.0% |
| Amounts payable | 17/49 | €1,848,305 | €2,473,543 | +€625,238 | +33.8% |
| Amounts payable after more than one year | 17 | €26,724 | €240,143 | +€213,419 | +798.6% |
| Financial debts | 170/4 | €26,724 | €240,143 | +€213,419 | +798.6% |
| Amounts payable within one year | 42/48 | €1,821,581 | €2,037,073 | +€215,492 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €37,345 | €87,712 | +€50,367 | +134.9% |
| Trade debts | 44 | €90,852 | €302,979 | +€212,128 | +233.5% |
| Suppliers | 440/4 | €90,852 | €302,979 | +€212,128 | +233.5% |
| Taxes, remuneration and social security | 45 | €330,746 | €329,531 | -€1,215 | -0.4% |
| Taxes | 450/3 | €158,747 | €149,514 | -€9,233 | -5.8% |
| Remuneration and social security | 454/9 | €171,999 | €180,017 | +€8,018 | +4.7% |
| Other amounts payable | 47/48 | €1,362,638 | €1,316,850 | -€45,788 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €196,327 | +€196,327 | |
| Remuneration, social security and pensions | 62 | €1,377,340 | €1,091,073 | -€286,267 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,973 | €88,044 | +€24,071 | +37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €120,757 | +€120,757 | |
| Other operating charges | 640/8 | €33,346 | €25,618 | -€7,728 | -23.2% |
| Gross operating margin | 9900 | €3,146,103 | €2,676,954 | -€469,149 | -14.9% |
| Operating profit (loss) | 9901 | €1,671,444 | €1,351,461 | -€319,983 | -19.1% |
| Financial income | 75/76B | €129,359 | €31 | -€129,328 | -100.0% |
| Recurring financial income | 75 | €129,359 | €31 | -€129,328 | -100.0% |
| Financial charges | 65/66B | €17,362 | €20,060 | +€2,698 | +15.5% |
| Recurring financial charges | 65 | €17,362 | €20,060 | +€2,698 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €1,783,441 | €1,331,433 | -€452,008 | -25.3% |
| Income taxes | 67/77 | €421,277 | €330,807 | -€90,470 | -21.5% |
| Profit (loss) for the period | 9904 | €1,362,163 | €1,000,625 | -€361,538 | -26.5% |
| Transfer from tax-exempt reserves | 789 | - | €315,750 | +€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,362,163 | €1,316,375 | -€45,788 | -3.4% |
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 29 September 2026 via checked.be.