Creatsan: 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.
Creatsan
Largest movements
- Tangible fixed assets -€5,417
down €5,417 (-23.0%), from €23,525 to €18,108
of which Furniture and vehicles: -€6,600
- Cash +€5,233
up €5,233 (+4.6%), from €114,908 to €120,141
mainly Other debts (+€8,520) and Net result for the year (+€8,236)
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Reserves -€10,829
down €10,829 (-9.3%), from €116,321 to €105,492
of which Distributable reserves: -€10,829
- Profit (loss) carried forward -€9,080
no longer reported in 2025 (was €9,080)
- Other debts +€8,520
up €8,520 (+350.4%), from €2,431 to €10,952
- Tax, wage and social debts -€2,513
down €2,513 (-12.5%), from €20,166 to €17,653
of which Taxes: -€2,754
- Staff costs +€10,886
up €10,886 (+16.6%), from €65,563 to €76,449
- Gross operating margin +€5,759
up €5,759 (+6.3%), from €91,913 to €97,672
- Depreciation -€3,089
down €3,089 (-29.6%), from €10,436 to €7,347
- Taxes -€1,951
down €1,951 (-29.7%), from €6,568 to €4,617
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 | €155,917 | €156,412 | +€495 | +0.3% |
| Formation expenses | 20 | €718 | €479 | -€239 | -33.3% |
| Fixed assets | 21/28 | €23,525 | €18,108 | -€5,417 | -23.0% |
| Tangible fixed assets | 22/27 | €23,525 | €18,108 | -€5,417 | -23.0% |
| Plant, machinery and equipment | 23 | €576 | €1,759 | +€1,183 | +205.6% |
| Furniture and vehicles | 24 | €22,949 | €16,349 | -€6,600 | -28.8% |
| Current assets | 29/58 | €131,674 | €137,825 | +€6,151 | +4.7% |
| Amounts receivable within one year | 40/41 | €16,767 | €17,685 | +€918 | +5.5% |
| Trade receivables | 40 | €16,767 | €16,281 | -€486 | -2.9% |
| Other amounts receivable | 41 | - | €1,404 | +€1,404 | |
| Cash at bank and in hand | 54/58 | €114,908 | €120,141 | +€5,233 | +4.6% |
| Total equity and liabilities | 10/49 | €155,917 | €156,412 | +€495 | +0.3% |
| Equity | 10/15 | €131,601 | €124,092 | -€7,509 | -5.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €116,321 | €105,492 | -€10,829 | -9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,461 | €103,632 | -€10,829 | -9.5% |
| Profit (loss) carried forward | 14 | €9,080 | - | -€9,080 | |
| Amounts payable | 17/49 | €24,315 | €32,320 | +€8,004 | +32.9% |
| Amounts payable within one year | 42/48 | €24,315 | €32,320 | +€8,004 | +32.9% |
| Trade debts | 44 | €1,718 | €3,715 | +€1,996 | +116.2% |
| Suppliers | 440/4 | €1,718 | €3,715 | +€1,996 | +116.2% |
| Taxes, remuneration and social security | 45 | €20,166 | €17,653 | -€2,513 | -12.5% |
| Taxes | 450/3 | €12,950 | €10,196 | -€2,754 | -21.3% |
| Remuneration and social security | 454/9 | €7,216 | €7,457 | +€242 | +3.4% |
| Other amounts payable | 47/48 | €2,431 | €10,952 | +€8,520 | +350.4% |
| Remuneration, social security and pensions | 62 | €65,563 | €76,449 | +€10,886 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,436 | €7,347 | -€3,089 | -29.6% |
| Other operating charges | 640/8 | €740 | €761 | +€22 | +3.0% |
| Gross operating margin | 9900 | €91,913 | €97,672 | +€5,759 | +6.3% |
| Operating profit (loss) | 9901 | €15,175 | €13,114 | -€2,060 | -13.6% |
| Financial income | 75/76B | €17 | €70 | +€52 | +301.6% |
| Recurring financial income | 75 | €17 | €70 | +€52 | +301.6% |
| Financial charges | 65/66B | €228 | €331 | +€103 | +45.4% |
| Recurring financial charges | 65 | €228 | €331 | +€103 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €14,964 | €12,853 | -€2,111 | -14.1% |
| Income taxes | 67/77 | €6,568 | €4,617 | -€1,951 | -29.7% |
| Profit (loss) for the period | 9904 | €8,396 | €8,236 | -€160 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,396 | €8,236 | -€160 | -1.9% |
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 7 October 2026 via checked.be.