CREATHERM: 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.
CREATHERM
Largest movements
- Tangible fixed assets -€14,145
down €14,145 (-8.5%), from €166,910 to €152,765
of which Land and buildings: -€18,277
- Profit (loss) carried forward -€23,108
down €23,108 (-16.1%), from -€143,771 to -€166,878
- Current portion of long-term debt +€12,927
up €12,927 (+295.5%), from €4,374 to €17,301
- Debts after one year +€10,391
up €10,391 (+9.4%), from €110,542 to €120,933
of which Financial debts: +€33,445
- Advances received -€7,500
down €7,500 (-23.3%), from €32,183 to €24,683
- Trade debts -€6,864
down €6,864 (-18.5%), from €37,108 to €30,245
- Purchases and services +€19,012
up €19,012 (+31.5%), from €60,339 to €79,351
- Gross operating margin -€17,861
down €17,861 (-74.0%), from €24,137 to €6,276
- Turnover +€1,178
up €1,178 (+1.6%), from €74,847 to €76,025
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,267 | €190,983 | -€15,284 | -7.4% |
| Fixed assets | 21/28 | €167,465 | €153,319 | -€14,145 | -8.4% |
| Tangible fixed assets | 22/27 | €166,910 | €152,765 | -€14,145 | -8.5% |
| Land and buildings | 22 | €157,899 | €139,621 | -€18,277 | -11.6% |
| Furniture and vehicles | 24 | €9,012 | €13,144 | +€4,132 | +45.8% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €38,802 | €37,664 | -€1,138 | -2.9% |
| Stocks and contracts in progress | 3 | €1,709 | €1,423 | -€287 | -16.8% |
| Stocks | 30/36 | €1,709 | €1,423 | -€287 | -16.8% |
| Amounts receivable within one year | 40/41 | €36,395 | €36,241 | -€154 | -0.4% |
| Trade receivables | 40 | €31,324 | €30,211 | -€1,113 | -3.6% |
| Other amounts receivable | 41 | €5,071 | €6,030 | +€959 | +18.9% |
| Deferred charges and accrued income | 490/1 | €697 | - | -€697 | |
| Total equity and liabilities | 10/49 | €206,267 | €190,983 | -€15,284 | -7.4% |
| Equity | 10/15 | €12,860 | -€10,834 | -€23,695 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €134,536 | €134,536 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,771 | -€166,878 | -€23,108 | -16.1% |
| Investment grants | 15 | €1,643 | €1,057 | -€587 | -35.7% |
| Provisions and deferred taxes | 16 | €846 | €544 | -€302 | -35.7% |
| Deferred taxes | 168 | €846 | €544 | -€302 | -35.7% |
| Amounts payable | 17/49 | €192,561 | €201,274 | +€8,713 | +4.5% |
| Amounts payable after more than one year | 17 | €110,542 | €120,933 | +€10,391 | +9.4% |
| Financial debts | 170/4 | €6,447 | €39,892 | +€33,445 | +518.7% |
| Other amounts payable | 178/9 | €104,094 | €81,040 | -€23,054 | -22.1% |
| Amounts payable within one year | 42/48 | €82,019 | €80,341 | -€1,678 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €4,374 | €17,301 | +€12,927 | +295.5% |
| Financial debts | 43 | €8,353 | €8,112 | -€241 | -2.9% |
| Credit institutions | 430/8 | €8,353 | €8,112 | -€241 | -2.9% |
| Trade debts | 44 | €37,108 | €30,245 | -€6,864 | -18.5% |
| Suppliers | 440/4 | €37,108 | €30,245 | -€6,864 | -18.5% |
| Advances received on contracts in progress | 46 | €32,183 | €24,683 | -€7,500 | -23.3% |
| Turnover | 70 | €74,847 | €76,025 | +€1,178 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,339 | €79,351 | +€19,012 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,813 | €23,040 | +€226 | +1.0% |
| Other operating charges | 640/8 | €2,084 | €2,376 | +€292 | +14.0% |
| Gross operating margin | 9900 | €24,137 | €6,276 | -€17,861 | -74.0% |
| Operating profit (loss) | 9901 | -€761 | -€19,140 | -€18,380 | -2416.1% |
| Financial income | 75/76B | €587 | €587 | = | 0.0% |
| Recurring financial income | 75 | €587 | €587 | = | 0.0% |
| Financial charges | 65/66B | €4,149 | €4,785 | +€636 | +15.3% |
| Recurring financial charges | 65 | €4,149 | €4,785 | +€636 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,323 | -€23,339 | -€19,016 | -439.9% |
| Transfer from deferred taxes | 780 | €302 | €302 | = | 0.0% |
| Income taxes | 67/77 | - | €71 | +€71 | |
| Profit (loss) for the period | 9904 | -€4,020 | -€23,108 | -€19,087 | -474.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,020 | -€23,108 | -€19,087 | -474.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.