CREATI-INVEST: 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.
CREATI-INVEST
Largest movements
- Stocks and contracts -€158,743
down €158,743 (-14.1%), from €1.1m to €964,639
- Receivables within one year +€145,443
up €145,443 (+149%), from €97,696 to €243,139
of which Other amounts receivable: +€186,877
- Tangible fixed assets -€53,872
down €53,872 (-3.9%), from €1.4m to €1.3m
- Other debts -€77,708
down €77,708 (-100%), from €77,708 to €0
- Tax, wage and social debts +€77,579
up €77,579, from €0 to €77,579
- Trade debts -€38,642
down €38,642 (-57.4%), from €67,317 to €28,675
- Debts after one year -€30,163
down €30,163 (-1.3%), from €2.3m to €2.3m
of which Other amounts payable: -€424,292
- Gross operating margin -€32,777
down €32,777 (-21.1%), from €155,351 to €122,574
- Financial income +€10,342
up €10,342 (+1,014%), from €1,020 to €11,362
- Financial charges +€5,202
up €5,202 (+7.3%), from €70,990 to €76,192
- Other operating charges -€4,423
down €4,423 (-79.8%), from €5,542 to €1,118
- Taxes -€1,770
down €1,770 (-34.1%), from €5,193 to €3,423
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 | €2,700,747 | €2,633,207 | -€67,541 | -2.5% |
| Fixed assets | 21/28 | €1,469,729 | €1,415,856 | -€53,872 | -3.7% |
| Tangible fixed assets | 22/27 | €1,394,729 | €1,340,856 | -€53,872 | -3.9% |
| Land and buildings | 22 | €1,394,729 | €1,340,856 | -€53,872 | -3.9% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €1,231,019 | €1,217,350 | -€13,668 | -1.1% |
| Stocks and contracts in progress | 3 | €1,123,382 | €964,639 | -€158,743 | -14.1% |
| Stocks | 30/36 | €1,123,382 | €964,639 | -€158,743 | -14.1% |
| Amounts receivable within one year | 40/41 | €97,696 | €243,139 | +€145,443 | +149% |
| Trade receivables | 40 | €54,638 | €13,204 | -€41,434 | -75.8% |
| Other amounts receivable | 41 | €43,058 | €229,935 | +€186,877 | +434% |
| Cash at bank and in hand | 54/58 | €6,685 | €7,009 | +€323 | +4.8% |
| Deferred charges and accrued income | 490/1 | €3,256 | €2,563 | -€692 | -21.3% |
| Total equity and liabilities | 10/49 | €2,700,747 | €2,633,207 | -€67,541 | -2.5% |
| Equity | 10/15 | €172,862 | €172,191 | -€670 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152,862 | €152,191 | -€670 | -0.4% |
| Distributable reserves | 133 | €152,862 | €152,191 | -€670 | -0.4% |
| Amounts payable | 17/49 | €2,527,886 | €2,461,016 | -€66,870 | -2.6% |
| Amounts payable after more than one year | 17 | €2,296,038 | €2,265,875 | -€30,163 | -1.3% |
| Financial debts | 170/4 | €1,250,125 | €1,644,254 | +€394,129 | +31.5% |
| Other amounts payable | 178/9 | €1,045,913 | €621,621 | -€424,292 | -40.6% |
| Amounts payable within one year | 42/48 | €231,847 | €195,140 | -€36,707 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €86,822 | €88,887 | +€2,065 | +2.4% |
| Trade debts | 44 | €67,317 | €28,675 | -€38,642 | -57.4% |
| Suppliers | 440/4 | €67,317 | €28,675 | -€38,642 | -57.4% |
| Taxes, remuneration and social security | 45 | €0 | €77,579 | +€77,579 | |
| Taxes | 450/3 | €0 | €77,579 | +€77,579 | |
| Other amounts payable | 47/48 | €77,708 | €0 | -€77,708 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,872 | €53,872 | = | 0.0% |
| Other operating charges | 640/8 | €5,542 | €1,118 | -€4,423 | -79.8% |
| Gross operating margin | 9900 | €155,351 | €122,574 | -€32,777 | -21.1% |
| Operating profit (loss) | 9901 | €95,937 | €67,583 | -€28,354 | -29.6% |
| Financial income | 75/76B | €1,020 | €11,362 | +€10,342 | +1,014% |
| Recurring financial income | 75 | €1,020 | €11,362 | +€10,342 | +1,014% |
| Financial charges | 65/66B | €70,990 | €76,192 | +€5,202 | +7.3% |
| Recurring financial charges | 65 | €70,990 | €76,192 | +€5,202 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €25,967 | €2,753 | -€23,214 | -89.4% |
| Income taxes | 67/77 | €5,193 | €3,423 | -€1,770 | -34.1% |
| Profit (loss) for the period | 9904 | €20,774 | -€670 | -€21,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,774 | -€670 | -€21,444 |
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 30 October 2026 via checked.be.