CREATIO: 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.
CREATIO
Largest movements
- Cash +€1.2m
up €1.2m (+1,194%), from €99,786 to €1.3m
mainly Current investments (+€771,733) and Receivables within one year (+€258,320)
- Current investments -€771,733
no longer reported in 2025 (was €771,733)
- Receivables within one year -€258,320
down €258,320 (-96.1%), from €268,786 to €10,467
of which Other amounts receivable: -€257,450
- Tangible fixed assets -€48,179
down €48,179 (-3.6%), from €1.3m to €1.3m
of which Land and buildings: -€29,351
- Reserves +€169,963
up €169,963 (+36.6%), from €464,872 to €634,834
of which Distributable reserves: +€169,963
- Other debts -€52,176
down €52,176 (-2.8%), from €1.9m to €1.8m
- Financial income +€84,730
up €84,730 (+379%), from €22,366 to €107,096
- Financial charges -€13,988
down €13,988 (-46.9%), from €29,844 to €15,855
- Taxes +€9,882
up €9,882 (+23.9%), from €41,372 to €51,254
- Gross operating margin +€4,614
up €4,614 (+2.5%), from €182,980 to €187,594
- Write-downs +€2,222
new in 2025: €2,222
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 | €2,486,572 | €2,603,490 | +€116,918 | +4.7% |
| Fixed assets | 21/28 | €1,344,993 | €1,296,814 | -€48,179 | -3.6% |
| Tangible fixed assets | 22/27 | €1,344,743 | €1,296,564 | -€48,179 | -3.6% |
| Land and buildings | 22 | €1,261,466 | €1,232,115 | -€29,351 | -2.3% |
| Plant, machinery and equipment | 23 | €668 | €385 | -€283 | -42.4% |
| Furniture and vehicles | 24 | €70,609 | €52,064 | -€18,545 | -26.3% |
| Other tangible fixed assets | 26 | €12,000 | €12,000 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,141,579 | €1,306,676 | +€165,097 | +14.5% |
| Amounts receivable within one year | 40/41 | €268,786 | €10,467 | -€258,320 | -96.1% |
| Trade receivables | 40 | €870 | - | -€870 | |
| Other amounts receivable | 41 | €267,916 | €10,467 | -€257,450 | -96.1% |
| Current investments | 50/53 | €771,733 | - | -€771,733 | |
| Cash at bank and in hand | 54/58 | €99,786 | €1,290,907 | +€1.2m | +1,194% |
| Deferred charges and accrued income | 490/1 | €1,274 | €5,303 | +€4,029 | +316% |
| Total equity and liabilities | 10/49 | €2,486,572 | €2,603,490 | +€116,918 | +4.7% |
| Equity | 10/15 | €583,464 | €753,426 | +€169,963 | +29.1% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €464,872 | €634,834 | +€169,963 | +36.6% |
| Tax-exempt reserves | 132 | €2,774 | €2,774 | = | 0.0% |
| Distributable reserves | 133 | €462,098 | €632,061 | +€169,963 | +36.8% |
| Amounts payable | 17/49 | €1,903,109 | €1,850,063 | -€53,045 | -2.8% |
| Amounts payable within one year | 42/48 | €1,903,109 | €1,850,063 | -€53,045 | -2.8% |
| Trade debts | 44 | €17,793 | €4,268 | -€13,525 | -76.0% |
| Suppliers | 440/4 | €17,793 | €4,268 | -€13,525 | -76.0% |
| Taxes, remuneration and social security | 45 | €26,068 | €38,724 | +€12,656 | +48.5% |
| Taxes | 450/3 | €26,068 | €38,724 | +€12,656 | +48.5% |
| Other amounts payable | 47/48 | €1,859,248 | €1,807,072 | -€52,176 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,959 | €48,179 | +€1,221 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,222 | +€2,222 | |
| Other operating charges | 640/8 | €6,897 | €7,217 | +€320 | +4.6% |
| Gross operating margin | 9900 | €182,980 | €187,594 | +€4,614 | +2.5% |
| Operating profit (loss) | 9901 | €129,124 | €129,976 | +€852 | +0.7% |
| Financial income | 75/76B | €22,366 | €107,096 | +€84,730 | +379% |
| Recurring financial income | 75 | €22,366 | €107,096 | +€84,730 | +379% |
| Financial charges | 65/66B | €29,844 | €15,855 | -€13,988 | -46.9% |
| Recurring financial charges | 65 | €29,844 | €15,855 | -€13,988 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €121,646 | €221,216 | +€99,571 | +81.9% |
| Income taxes | 67/77 | €41,372 | €51,254 | +€9,882 | +23.9% |
| Profit (loss) for the period | 9904 | €80,274 | €169,963 | +€89,689 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €80,274 | €169,963 | +€89,689 | +112% |
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 14 October 2026 via checked.be.