CREATUS GROUP: 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.
CREATUS GROUP
Largest movements
- Receivables within one year -€50,600
down €50,600 (-38.2%), from €132,441 to €81,841
of which Trade receivables: -€51,031
- Cash +€10,202
up €10,202 (+36.6%), from €27,911 to €38,113
mainly Receivables within one year (+€50,600) and Net result for the year (+€47,753)
- Tangible fixed assets +€3,277
up €3,277 (+42.0%), from €7,807 to €11,084
of which Furniture and vehicles: +€4,536
- Trade debts -€82,576
down €82,576 (-89.7%), from €92,070 to €9,494
- Profit (loss) carried forward +€47,753
up €47,753 (+439.5%), from €10,864 to €58,617
- Tax, wage and social debts -€15,858
down €15,858 (-25.6%), from €61,994 to €46,135
of which Remuneration and social security: -€12,039
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Short-term financial debts -€3,012
down €3,012 (-46.5%), from €6,483 to €3,472
- Staff costs -€51,916
down €51,916 (-23.2%), from €223,577 to €171,661
- Financial charges +€11,591
up €11,591 (+391.0%), from €2,964 to €14,555
of which Financial charges: +€5,925
- Taxes +€5,783
up €5,783 (+62.2%), from €9,295 to €15,078
- Gross operating margin +€3,273
up €3,273 (+1.3%), from €251,675 to €254,948
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 | €177,984 | €140,863 | -€37,121 | -20.9% |
| Fixed assets | 21/28 | €17,631 | €20,909 | +€3,277 | +18.6% |
| Tangible fixed assets | 22/27 | €7,807 | €11,084 | +€3,277 | +42.0% |
| Plant, machinery and equipment | 23 | €5,470 | €4,211 | -€1,258 | -23.0% |
| Furniture and vehicles | 24 | €2,337 | €6,873 | +€4,536 | +194.1% |
| Financial fixed assets | 28 | €9,824 | €9,824 | = | 0.0% |
| Current assets | 29/58 | €160,352 | €119,954 | -€40,398 | -25.2% |
| Amounts receivable within one year | 40/41 | €132,441 | €81,841 | -€50,600 | -38.2% |
| Trade receivables | 40 | €132,441 | €81,410 | -€51,031 | -38.5% |
| Other amounts receivable | 41 | - | €431 | +€431 | |
| Cash at bank and in hand | 54/58 | €27,911 | €38,113 | +€10,202 | +36.6% |
| Total equity and liabilities | 10/49 | €177,984 | €140,863 | -€37,121 | -20.9% |
| Equity | 10/15 | €12,864 | €60,617 | +€47,753 | +371.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,864 | €58,617 | +€47,753 | +439.5% |
| Amounts payable | 17/49 | €165,120 | €80,246 | -€84,874 | -51.4% |
| Amounts payable within one year | 42/48 | €165,120 | €65,246 | -€99,874 | -60.5% |
| Financial debts | 43 | €6,483 | €3,472 | -€3,012 | -46.5% |
| Credit institutions | 430/8 | €6,483 | €3,472 | -€3,012 | -46.5% |
| Trade debts | 44 | €92,070 | €9,494 | -€82,576 | -89.7% |
| Suppliers | 440/4 | €92,070 | €9,494 | -€82,576 | -89.7% |
| Taxes, remuneration and social security | 45 | €61,994 | €46,135 | -€15,858 | -25.6% |
| Taxes | 450/3 | €18,898 | €15,078 | -€3,819 | -20.2% |
| Remuneration and social security | 454/9 | €43,096 | €31,057 | -€12,039 | -27.9% |
| Other amounts payable | 47/48 | €4,573 | €6,145 | +€1,573 | +34.4% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €223,577 | €171,661 | -€51,916 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €2,657 | +€1,577 | +146.0% |
| Other operating charges | 640/8 | €3,894 | €3,244 | -€650 | -16.7% |
| Gross operating margin | 9900 | €251,675 | €254,948 | +€3,273 | +1.3% |
| Operating profit (loss) | 9901 | €23,124 | €77,386 | +€54,262 | +234.7% |
| Financial charges | 65/66B | €2,964 | €14,555 | +€11,591 | +391.0% |
| Recurring financial charges | 65 | €2,964 | €8,889 | +€5,925 | +199.9% |
| Non-recurring financial charges | 66B | - | €5,666 | +€5,666 | |
| Profit (loss) for the period before taxes | 9903 | €20,159 | €62,831 | +€42,671 | +211.7% |
| Income taxes | 67/77 | €9,295 | €15,078 | +€5,783 | +62.2% |
| Profit (loss) for the period | 9904 | €10,864 | €47,753 | +€36,889 | +339.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,864 | €47,753 | +€36,889 | +339.5% |
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 9 October 2026 via checked.be.