CREATERRE: what changed
What changed
CREATERRE
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€62,498
2025 · €16,541+€45,957
Equity
€185,438
2025 · €143,940+€41,498
Cash
€29,921
2025 · -+€29,921
Balance sheet total
€432,824
2025 · €468,742-€35,918
Largest movements
Assets
- Tangible fixed assets -€58,771
down €58,771 (-15.8%), from €370,912 to €312,140
of which Leasing and similar rights: -€50,735
- Cash +€29,921
new in 2026: €29,921
mainly Depreciation (+€70,519) and Net result for the year (+€62,498)
- Deferred charges and accrued income -€4,919
down €4,919 (-45.9%), from €10,706 to €5,787
Equity and liabilities
- Debts after one year -€51,199
down €51,199 (-31.9%), from €160,464 to €109,265
- Reserves +€41,498
up €41,498 (+33.5%), from €123,940 to €165,438
- Trade debts -€29,840
down €29,840 (-62.3%), from €47,863 to €18,023
- Other debts +€29,604
up €29,604 (+125%), from €23,772 to €53,376
- Short-term financial debts -€20,934
no longer reported in 2026 (was €20,934)
Income statement
- Gross operating margin +€82,989
up €82,989 (+64.1%), from €129,493 to €212,481
- Staff costs +€16,115
up €16,115 (+38.0%), from €42,385 to €58,499
- Depreciation +€10,998
up €10,998 (+18.5%), from €59,521 to €70,519
- Taxes +€9,000
up €9,000 (+297%), from €3,034 to €12,034
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€16,541
Gross operating margin
+€82,989
Staff costs
-€16,115
Depreciation
-€10,998
Other operating charges
+€583
Financial income
-€784
Financial charges
-€717
Taxes
-€9,000
Result 2026
€62,498
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€151,243
Investment
-€11,748
Financing
-€109,573
Cash 2025
€0
From operations (derived)
+€151,243
Net result for the year
+€62,498
Depreciation
+€70,519
Receivables within one year
+€2,150
Deferred charges and accrued income
+€4,919
Trade debts
-€29,840
Tax, wage and social debts
+€11,393
Other debts
+€29,604
Investment (derived)
-€11,748
Investment in fixed assets (net)
-€11,748
Financing
-€109,573
Debts after one year
-€51,199
Current portion of long-term debt
-€16,440
Short-term financial debts
-€20,934
Contributions, distributions and other
-€21,000
Cash 2026
€29,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,742 | €432,824 | -€35,918 | -7.7% |
| Fixed assets | 21/28 | €375,547 | €316,775 | -€58,771 | -15.6% |
| Tangible fixed assets | 22/27 | €370,912 | €312,140 | -€58,771 | -15.8% |
| Plant, machinery and equipment | 23 | €29,120 | €24,746 | -€4,375 | -15.0% |
| Furniture and vehicles | 24 | €42,372 | €38,710 | -€3,662 | -8.6% |
| Leasing and similar rights | 25 | €299,420 | €248,684 | -€50,735 | -16.9% |
| Financial fixed assets | 28 | €4,635 | €4,635 | = | 0.0% |
| Current assets | 29/58 | €93,195 | €116,048 | +€22,853 | +24.5% |
| Amounts receivable within one year | 40/41 | €82,490 | €80,340 | -€2,150 | -2.6% |
| Trade receivables | 40 | €64,301 | €69,707 | +€5,406 | +8.4% |
| Other amounts receivable | 41 | €18,189 | €10,633 | -€7,556 | -41.5% |
| Cash at bank and in hand | 54/58 | - | €29,921 | +€29,921 | |
| Deferred charges and accrued income | 490/1 | €10,706 | €5,787 | -€4,919 | -45.9% |
| Total equity and liabilities | 10/49 | €468,742 | €432,824 | -€35,918 | -7.7% |
| Equity | 10/15 | €143,940 | €185,438 | +€41,498 | +28.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €123,940 | €165,438 | +€41,498 | +33.5% |
| Distributable reserves | 133 | €123,940 | €165,438 | +€41,498 | +33.5% |
| Amounts payable | 17/49 | €324,802 | €247,386 | -€77,417 | -23.8% |
| Amounts payable after more than one year | 17 | €160,464 | €109,265 | -€51,199 | -31.9% |
| Financial debts | 170/4 | €160,464 | €109,265 | -€51,199 | -31.9% |
| Amounts payable within one year | 42/48 | €164,338 | €138,121 | -€26,217 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €67,639 | €51,199 | -€16,440 | -24.3% |
| Financial debts | 43 | €20,934 | - | -€20,934 | |
| Credit institutions | 430/8 | €20,934 | - | -€20,934 | |
| Trade debts | 44 | €47,863 | €18,023 | -€29,840 | -62.3% |
| Suppliers | 440/4 | €47,863 | €18,023 | -€29,840 | -62.3% |
| Taxes, remuneration and social security | 45 | €4,131 | €15,523 | +€11,393 | +276% |
| Taxes | 450/3 | €231 | €12,185 | +€11,953 | +5,167% |
| Remuneration and social security | 454/9 | €3,899 | €3,339 | -€561 | -14.4% |
| Other amounts payable | 47/48 | €23,772 | €53,376 | +€29,604 | +125% |
| Remuneration, social security and pensions | 62 | €42,385 | €58,499 | +€16,115 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,521 | €70,519 | +€10,998 | +18.5% |
| Other operating charges | 640/8 | €2,781 | €2,199 | -€583 | -21.0% |
| Gross operating margin | 9900 | €129,493 | €212,481 | +€82,989 | +64.1% |
| Operating profit (loss) | 9901 | €24,805 | €81,264 | +€56,459 | +228% |
| Financial income | 75/76B | €1,083 | €299 | -€784 | -72.4% |
| Recurring financial income | 75 | €1,083 | €299 | -€784 | -72.4% |
| Financial charges | 65/66B | €6,313 | €7,031 | +€717 | +11.4% |
| Recurring financial charges | 65 | €6,313 | €7,031 | +€717 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €19,575 | €74,533 | +€54,958 | +281% |
| Income taxes | 67/77 | €3,034 | €12,034 | +€9,000 | +297% |
| Profit (loss) for the period | 9904 | €16,541 | €62,498 | +€45,957 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €16,541 | €62,498 | +€45,957 | +278% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.