CREATO KEUKENS: 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.
CREATO KEUKENS
Largest movements
- Cash +€516,304
up €516,304 (+95.2%), from €542,540 to €1.1m
mainly Net result for the year (+€885,609) and Receivables within one year (+€371,989)
- Receivables within one year -€371,989
down €371,989 (-26.0%), from €1.4m to €1.1m
of which Other amounts receivable: -€596,297
- Current investments +€207,236
up €207,236 (+18.9%), from €1.1m to €1.3m
- Stocks and contracts -€91,000
down €91,000 (-39.6%), from €230,000 to €139,000
- Tangible fixed assets -€61,724
down €61,724 (-27.3%), from €226,134 to €164,410
of which Plant, machinery and equipment: -€47,263
- Other debts +€369,578
up €369,578 (+84.8%), from €435,725 to €805,304
- Reserves -€314,391
down €314,391 (-11.0%), from €2.9m to €2.5m
of which Distributable reserves: -€293,341
- Advances received +€97,000
up €97,000 (+64.7%), from €150,000 to €247,000
- Gross operating margin +€248,813
up €248,813 (+18.6%), from €1.3m to €1.6m
- Taxes +€67,180
up €67,180 (+27.4%), from €244,929 to €312,108
- Staff costs -€41,860
down €41,860 (-9.7%), from €432,379 to €390,519
- Financial income -€31,770
down €31,770 (-30.2%), from €105,025 to €73,255
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 | €3,530,744 | €3,726,739 | +€195,994 | +5.6% |
| Fixed assets | 21/28 | €226,634 | €164,910 | -€61,724 | -27.2% |
| Tangible fixed assets | 22/27 | €226,134 | €164,410 | -€61,724 | -27.3% |
| Plant, machinery and equipment | 23 | €191,539 | €144,276 | -€47,263 | -24.7% |
| Furniture and vehicles | 24 | €23,510 | €11,184 | -€12,326 | -52.4% |
| Other tangible fixed assets | 26 | €11,084 | €8,949 | -€2,135 | -19.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,304,111 | €3,561,829 | +€257,718 | +7.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €230,000 | €139,000 | -€91,000 | -39.6% |
| Stocks | 30/36 | €230,000 | €139,000 | -€91,000 | -39.6% |
| Amounts receivable within one year | 40/41 | €1,431,795 | €1,059,806 | -€371,989 | -26.0% |
| Trade receivables | 40 | €696,984 | €921,292 | +€224,308 | +32.2% |
| Other amounts receivable | 41 | €734,811 | €138,514 | -€596,297 | -81.1% |
| Current investments | 50/53 | €1,093,702 | €1,300,938 | +€207,236 | +18.9% |
| Cash at bank and in hand | 54/58 | €542,540 | €1,058,844 | +€516,304 | +95.2% |
| Deferred charges and accrued income | 490/1 | €6,073 | €3,241 | -€2,832 | -46.6% |
| Total equity and liabilities | 10/49 | €3,530,744 | €3,726,739 | +€195,994 | +5.6% |
| Equity | 10/15 | €2,877,428 | €2,563,036 | -€314,391 | -10.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,856,428 | €2,542,036 | -€314,391 | -11.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €126,300 | -€21,050 | -14.3% |
| Distributable reserves | 133 | €2,706,978 | €2,413,636 | -€293,341 | -10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €653,317 | €1,163,702 | +€510,386 | +78.1% |
| Amounts payable within one year | 42/48 | €653,317 | €1,163,702 | +€510,386 | +78.1% |
| Trade debts | 44 | €20,733 | €28,429 | +€7,696 | +37.1% |
| Suppliers | 440/4 | €20,733 | €28,429 | +€7,696 | +37.1% |
| Advances received on contracts in progress | 46 | €150,000 | €247,000 | +€97,000 | +64.7% |
| Taxes, remuneration and social security | 45 | €46,858 | €82,970 | +€36,111 | +77.1% |
| Taxes | 450/3 | €13,385 | €57,090 | +€43,705 | +327% |
| Remuneration and social security | 454/9 | €33,473 | €25,880 | -€7,593 | -22.7% |
| Other amounts payable | 47/48 | €435,725 | €805,304 | +€369,578 | +84.8% |
| Remuneration, social security and pensions | 62 | €432,379 | €390,519 | -€41,860 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,677 | €61,724 | +€3,048 | +5.2% |
| Other operating charges | 640/8 | €4,571 | €3,250 | -€1,321 | -28.9% |
| Gross operating margin | 9900 | €1,335,375 | €1,584,188 | +€248,813 | +18.6% |
| Operating profit (loss) | 9901 | €839,748 | €1,128,695 | +€288,947 | +34.4% |
| Financial income | 75/76B | €105,025 | €73,255 | -€31,770 | -30.2% |
| Recurring financial income | 75 | €105,025 | €73,255 | -€31,770 | -30.2% |
| Financial charges | 65/66B | €795 | €4,234 | +€3,438 | +432% |
| Recurring financial charges | 65 | €795 | €4,234 | +€3,438 | +432% |
| Profit (loss) for the period before taxes | 9903 | €943,978 | €1,197,717 | +€253,739 | +26.9% |
| Income taxes | 67/77 | €244,929 | €312,108 | +€67,180 | +27.4% |
| Profit (loss) for the period | 9904 | €699,049 | €885,609 | +€186,559 | +26.7% |
| Transfer from tax-exempt reserves | 789 | €0 | €21,050 | +€21,050 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €699,049 | €906,659 | +€207,609 | +29.7% |
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 28 October 2026 via checked.be.