CREATRAD: 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.
CREATRAD
Largest movements
- Receivables within one year -€4,633
down €4,633 (-30.6%), from €15,123 to €10,490
of which Trade receivables: -€3,350
- Cash -€4,017
down €4,017 (-14.3%), from €27,996 to €23,979
mainly Net result for the year (-€6,566) and Tax, wage and social debts (-€4,005)
- Tangible fixed assets -€2,844
down €2,844 (-100.0%), from €2,844 to €0
- Profit (loss) carried forward -€6,566
down €6,566 (-23.5%), from €27,998 to €21,432
- Tax, wage and social debts -€4,005
down €4,005 (-59.5%), from €6,734 to €2,729
- Current portion of long-term debt -€2,278
down €2,278 (-100.0%), from €2,278 to €0
- Other debts +€1,724
up €1,724 (+253.4%), from €680 to €2,404
- Gross operating margin -€14,237
down €14,237, from €11,633 to -€2,604
- Depreciation -€3,828
down €3,828 (-57.4%), from €6,672 to €2,844
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.
Cash bridge derived
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 | €46,038 | €34,897 | -€11,141 | -24.2% |
| Fixed assets | 21/28 | €2,844 | €0 | -€2,844 | -100.0% |
| Tangible fixed assets | 22/27 | €2,844 | €0 | -€2,844 | -100.0% |
| Furniture and vehicles | 24 | €2,844 | €0 | -€2,844 | -100.0% |
| Current assets | 29/58 | €43,194 | €34,897 | -€8,297 | -19.2% |
| Amounts receivable within one year | 40/41 | €15,123 | €10,490 | -€4,633 | -30.6% |
| Trade receivables | 40 | €13,822 | €10,471 | -€3,350 | -24.2% |
| Other amounts receivable | 41 | €1,302 | €19 | -€1,283 | -98.5% |
| Cash at bank and in hand | 54/58 | €27,996 | €23,979 | -€4,017 | -14.3% |
| Deferred charges and accrued income | 490/1 | €75 | €428 | +€354 | +473.6% |
| Total equity and liabilities | 10/49 | €46,038 | €34,897 | -€11,141 | -24.2% |
| Equity | 10/15 | €36,058 | €29,492 | -€6,566 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,998 | €21,432 | -€6,566 | -23.5% |
| Amounts payable | 17/49 | €9,980 | €5,405 | -€4,575 | -45.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,980 | €5,405 | -€4,575 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €2,278 | €0 | -€2,278 | -100.0% |
| Trade debts | 44 | €288 | €272 | -€15 | -5.4% |
| Suppliers | 440/4 | €288 | €272 | -€15 | -5.4% |
| Taxes, remuneration and social security | 45 | €6,734 | €2,729 | -€4,005 | -59.5% |
| Taxes | 450/3 | €6,734 | €2,729 | -€4,005 | -59.5% |
| Other amounts payable | 47/48 | €680 | €2,404 | +€1,724 | +253.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,672 | €2,844 | -€3,828 | -57.4% |
| Other operating charges | 640/8 | €727 | €747 | +€21 | +2.8% |
| Gross operating margin | 9900 | €11,633 | -€2,604 | -€14,237 | |
| Operating profit (loss) | 9901 | €4,234 | -€6,195 | -€10,429 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €242 | €142 | -€99 | -41.0% |
| Recurring financial charges | 65 | €242 | €142 | -€99 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €3,993 | -€6,337 | -€10,330 | |
| Income taxes | 67/77 | €216 | €229 | +€12 | +5.8% |
| Profit (loss) for the period | 9904 | €3,777 | -€6,566 | -€10,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,777 | -€6,566 | -€10,342 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.