CREATUFT: 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.
What changed
CREATUFT
NACE 13.930, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€391,952
2024 · €355,895-€747,847
Equity
€8.5m
2024 · €8.9m-€391,952
Cash
€551,682
2024 · €335,538+€216,144
Balance sheet total
€17.5m
2024 · €17.5m-€20,197
Largest movements
Assets
- Cash +€216,144
up €216,144 (+64.4%), from €335,538 to €551,682
mainly Depreciation (+€737,406) and Trade debts (+€386,526)
Equity and liabilities
- Reserves -€391,952
down €391,952 (-4.5%), from €8.7m to €8.3m
of which Distributable reserves: -€391,952
- Trade debts +€386,526
up €386,526 (+11.7%), from €3.3m to €3.7m
Income statement
- Goods and materials -€935,398
down €935,398 (-11.4%), from €8.2m to €7.3m
of which Change in stocks: decrease (increase): -€489,735
- Financial income -€677,372
down €677,372 (-94.2%), from €719,280 to €41,908
of which Non-recurring financial income: -€651,819
- Turnover -€275,726
down €275,726 (-1.8%), from €15.7m to €15.4m
- Staff costs -€161,202
down €161,202 (-3.7%), from €4.3m to €4.2m
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.
Result 2024
€355,895
Turnover
-€275,726
Other operating income
-€74,934
Goods and materials
+€935,398
Services and other goods
+€14,767
Staff costs
+€161,202
Depreciation
-€65,277
Write-downs
+€161
Other operating charges
+€6,440
Other operating items
-€770,902
Financial income
-€677,372
Financial charges
+€1,197
Taxes
-€2,801
Result 2025
-€391,952
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.
From operations
+€1.0m
Investment
-€770,484
Financing
-€22,240
Cash 2024
€335,538
From operations (derived)
+€1.0m
Net result for the year
-€391,952
Depreciation
+€737,406
Stocks and contracts
+€97,828
Receivables within one year
+€166,043
Deferred charges and accrued income
+€5,548
Trade debts
+€386,526
Tax, wage and social debts
+€13,392
Accrued charges and deferred income
-€5,923
Investment (derived)
-€770,484
Investment in fixed assets (net)
-€770,484
Financing
-€22,240
Debts after one year
+€125,752
Short-term financial debts
-€147,992
Cash 2025
€551,682
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,493,210 | €17,473,013 | -€20,197 | -0.1% |
| Fixed assets | 21/28 | €8,419,717 | €8,452,795 | +€33,078 | +0.4% |
| Intangible fixed assets | 21 | €198,146 | €174,238 | -€23,908 | -12.1% |
| Tangible fixed assets | 22/27 | €3,532,347 | €3,639,333 | +€106,986 | +3.0% |
| Land and buildings | 22 | €2,206,517 | €2,640,704 | +€434,187 | +19.7% |
| Plant, machinery and equipment | 23 | €1,274,078 | €969,406 | -€304,672 | -23.9% |
| Furniture and vehicles | 24 | €51,752 | €29,223 | -€22,529 | -43.5% |
| Financial fixed assets | 28 | €4,689,224 | €4,639,224 | -€50,000 | -1.1% |
| Affiliated companies | 280/1 | €4,686,879 | €4,636,879 | -€50,000 | -1.1% |
| Participating interests | 280 | €4,636,879 | €4,636,879 | = | 0.0% |
| Amounts receivable | 281 | €50,000 | - | -€50,000 | |
| Other financial fixed assets | 284/8 | €2,345 | €2,345 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,345 | €2,345 | = | 0.0% |
| Current assets | 29/58 | €9,073,493 | €9,020,218 | -€53,275 | -0.6% |
| Stocks and contracts in progress | 3 | €5,838,672 | €5,740,844 | -€97,828 | -1.7% |
| Stocks | 30/36 | €5,838,672 | €5,740,844 | -€97,828 | -1.7% |
| Raw materials and consumables | 30/31 | €2,651,887 | €3,053,451 | +€401,564 | +15.1% |
| Work in progress | 32 | €520,266 | €404,383 | -€115,883 | -22.3% |
| Finished goods | 33 | €2,666,519 | €2,283,010 | -€383,509 | -14.4% |
| Amounts receivable within one year | 40/41 | €2,871,229 | €2,705,186 | -€166,043 | -5.8% |
| Trade receivables | 40 | €2,727,694 | €2,584,571 | -€143,123 | -5.2% |
| Other amounts receivable | 41 | €143,535 | €120,615 | -€22,920 | -16.0% |
| Cash at bank and in hand | 54/58 | €335,538 | €551,682 | +€216,144 | +64.4% |
| Deferred charges and accrued income | 490/1 | €28,054 | €22,506 | -€5,548 | -19.8% |
| Total equity and liabilities | 10/49 | €17,493,210 | €17,473,013 | -€20,197 | -0.1% |
| Equity | 10/15 | €8,927,896 | €8,535,944 | -€391,952 | -4.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €8,661,755 | €8,269,803 | -€391,952 | -4.5% |
| Non-distributable reserves | 130/1 | €101,847 | €101,847 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €76,847 | €76,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €617,650 | €617,650 | = | 0.0% |
| Distributable reserves | 133 | €7,942,258 | €7,550,306 | -€391,952 | -4.9% |
| Investment grants | 15 | €16,141 | €16,141 | = | 0.0% |
| Amounts payable | 17/49 | €8,565,314 | €8,937,069 | +€371,755 | +4.3% |
| Amounts payable after more than one year | 17 | €3,384,347 | €3,510,099 | +€125,752 | +3.7% |
| Financial debts | 170/4 | €3,384,347 | €3,510,099 | +€125,752 | +3.7% |
| Credit institutions | 173 | €1,509,347 | €1,770,099 | +€260,752 | +17.3% |
| Other loans | 174 | €1,875,000 | €1,740,000 | -€135,000 | -7.2% |
| Amounts payable within one year | 42/48 | €5,159,500 | €5,411,426 | +€251,926 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €135,000 | €135,000 | = | 0.0% |
| Financial debts | 43 | €916,965 | €768,973 | -€147,992 | -16.1% |
| Credit institutions | 430/8 | €916,965 | €768,973 | -€147,992 | -16.1% |
| Trade debts | 44 | €3,317,098 | €3,703,624 | +€386,526 | +11.7% |
| Suppliers | 440/4 | €3,317,098 | €3,703,624 | +€386,526 | +11.7% |
| Taxes, remuneration and social security | 45 | €790,437 | €803,829 | +€13,392 | +1.7% |
| Taxes | 450/3 | €46,587 | €49,138 | +€2,551 | +5.5% |
| Remuneration and social security | 454/9 | €743,850 | €754,691 | +€10,841 | +1.5% |
| Accrued charges and deferred income | 492/3 | €21,467 | €15,544 | -€5,923 | -27.6% |
| Operating income | 70/76A | €16,458,012 | €15,336,450 | -€1.1m | -6.8% |
| Turnover | 70 | €15,678,180 | €15,402,454 | -€275,726 | -1.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €270,310 | -€499,392 | -€769,702 | |
| Other operating income | 74 | €508,322 | €433,388 | -€74,934 | -14.7% |
| Non-recurring operating income | 76A | €1,200 | - | -€1,200 | |
| Operating charges | 60/66A | €16,535,346 | €15,482,655 | -€1.1m | -6.4% |
| Goods for resale, raw materials and consumables | 60 | €8,200,903 | €7,265,505 | -€935,398 | -11.4% |
| Purchases | 600/8 | €8,112,732 | €7,667,069 | -€445,663 | -5.5% |
| Change in stocks: decrease (increase) | 609 | €88,171 | -€401,564 | -€489,735 | |
| Services and other goods | 61 | €3,211,845 | €3,197,078 | -€14,767 | -0.5% |
| Remuneration, social security and pensions | 62 | €4,321,195 | €4,159,993 | -€161,202 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672,129 | €737,406 | +€65,277 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,171 | €1,010 | -€161 | -13.7% |
| Other operating charges | 640/8 | €128,103 | €121,663 | -€6,440 | -5.0% |
| Operating profit (loss) | 9901 | -€77,334 | -€146,205 | -€68,871 | -89.1% |
| Financial income | 75/76B | €719,280 | €41,908 | -€677,372 | -94.2% |
| Recurring financial income | 75 | €65,271 | €39,718 | -€25,553 | -39.1% |
| Income from current assets | 751 | €1,720 | €2,067 | +€347 | +20.2% |
| Other financial income | 752/9 | €63,551 | €37,651 | -€25,900 | -40.8% |
| Non-recurring financial income | 76B | €654,009 | €2,190 | -€651,819 | -99.7% |
| Financial charges | 65/66B | €283,735 | €282,538 | -€1,197 | -0.4% |
| Recurring financial charges | 65 | €283,735 | €282,538 | -€1,197 | -0.4% |
| Debt charges | 650 | €114,844 | €103,726 | -€11,118 | -9.7% |
| Other financial charges | 652/9 | €168,891 | €178,812 | +€9,921 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €358,211 | -€386,835 | -€745,046 | |
| Income taxes | 67/77 | €2,316 | €5,117 | +€2,801 | +120.9% |
| Taxes | 670/3 | €2,641 | €5,962 | +€3,321 | +125.7% |
| Tax adjustments and reversals of tax provisions | 77 | €325 | €845 | +€520 | +160.0% |
| Profit (loss) for the period | 9904 | €355,895 | -€391,952 | -€747,847 | |
| Profit (loss) for the period to be appropriated | 9905 | €355,895 | -€391,952 | -€747,847 |
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 5 October 2026 via checked.be.