CREATELLI: 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.
CREATELLI
Largest movements
- Cash -€141,208
down €141,208 (-80.9%), from €174,568 to €33,360
mainly Trade debts (-€45,129) and Net result for the year (-€31,925)
- Receivables within one year +€30,925
up €30,925 (+39.3%), from €78,724 to €109,650
of which Trade receivables: +€30,925
- Trade debts -€45,129
down €45,129 (-40.3%), from €111,893 to €66,765
- Profit (loss) carried forward -€31,925
new in 2025: -€31,925
- Tax, wage and social debts -€21,045
down €21,045 (-46.2%), from €45,573 to €24,528
of which Remuneration and social security: -€10,763
- Debts after one year -€8,646
down €8,646 (-85.5%), from €10,108 to €1,462
- Gross operating margin -€65,119
down €65,119 (-25.4%), from €256,511 to €191,392
- Staff costs -€19,251
down €19,251 (-8.0%), from €240,374 to €221,124
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 | €277,514 | €168,365 | -€109,149 | -39.3% |
| Fixed assets | 21/28 | €23,310 | €23,310 | = | 0.0% |
| Financial fixed assets | 28 | €23,310 | €23,310 | = | 0.0% |
| Current assets | 29/58 | €254,204 | €145,055 | -€109,149 | -42.9% |
| Amounts receivable within one year | 40/41 | €78,724 | €109,650 | +€30,925 | +39.3% |
| Trade receivables | 40 | €72,278 | €103,204 | +€30,925 | +42.8% |
| Other amounts receivable | 41 | €6,446 | €6,446 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €174,568 | €33,360 | -€141,208 | -80.9% |
| Deferred charges and accrued income | 490/1 | €912 | €2,046 | +€1,134 | +124% |
| Total equity and liabilities | 10/49 | €277,514 | €168,365 | -€109,149 | -39.3% |
| Equity | 10/15 | €86,256 | €54,332 | -€31,925 | -37.0% |
| Contributions | 10/11 | €73,800 | €73,800 | = | 0.0% |
| Capital | 10 | €73,800 | €73,800 | = | 0.0% |
| Issued capital | 100 | €73,800 | €73,800 | = | 0.0% |
| Reserves | 13 | €12,456 | €12,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,380 | €7,380 | = | 0.0% |
| Legal reserve | 130 | €7,380 | €7,380 | = | 0.0% |
| Distributable reserves | 133 | €5,076 | €5,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,925 | -€31,925 | |
| Amounts payable | 17/49 | €191,258 | €114,034 | -€77,224 | -40.4% |
| Amounts payable after more than one year | 17 | €10,108 | €1,462 | -€8,646 | -85.5% |
| Financial debts | 170/4 | €10,108 | €1,462 | -€8,646 | -85.5% |
| Amounts payable within one year | 42/48 | €181,150 | €112,571 | -€68,578 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €9,122 | €7,606 | -€1,516 | -16.6% |
| Trade debts | 44 | €111,893 | €66,765 | -€45,129 | -40.3% |
| Suppliers | 440/4 | €111,893 | €66,765 | -€45,129 | -40.3% |
| Advances received on contracts in progress | 46 | €788 | - | -€788 | |
| Taxes, remuneration and social security | 45 | €45,573 | €24,528 | -€21,045 | -46.2% |
| Taxes | 450/3 | €11,155 | €873 | -€10,282 | -92.2% |
| Remuneration and social security | 454/9 | €34,418 | €23,655 | -€10,763 | -31.3% |
| Other amounts payable | 47/48 | €13,773 | €13,672 | -€101 | -0.7% |
| Remuneration, social security and pensions | 62 | €240,374 | €221,124 | -€19,251 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680 | - | -€680 | |
| Other operating charges | 640/8 | €109 | €1,501 | +€1,392 | +1,277% |
| Gross operating margin | 9900 | €256,511 | €191,392 | -€65,119 | -25.4% |
| Operating profit (loss) | 9901 | €15,348 | -€31,232 | -€46,579 | |
| Financial income | 75/76B | €67 | €16 | -€51 | -75.9% |
| Recurring financial income | 75 | €67 | €16 | -€51 | -75.9% |
| Financial charges | 65/66B | €1,006 | €709 | -€297 | -29.5% |
| Recurring financial charges | 65 | €1,006 | €709 | -€297 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €14,409 | -€31,925 | -€46,333 | |
| Profit (loss) for the period | 9904 | €14,409 | -€31,925 | -€46,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,409 | -€31,925 | -€46,333 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.