Creavast: 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.
Creavast
Largest movements
- Receivables within one year +€12,194
up €12,194 (+13.8%), from €88,638 to €100,833
of which Trade receivables: +€14,936
- Deferred charges and accrued income -€10,039
down €10,039 (-93.7%), from €10,719 to €679
- Debts after one year -€23,300
down €23,300 (-6.3%), from €370,859 to €347,559
- Reserves +€16,917
up €16,917 (+12.6%), from €134,153 to €151,070
of which Distributable reserves: +€16,917
- Trade debts +€11,643
up €11,643 (+669%), from €1,740 to €13,383
- Other debts +€11,585
up €11,585 (+203%), from €5,705 to €17,290
- Current portion of long-term debt -€8,967
down €8,967 (-27.8%), from €32,266 to €23,299
- Gross operating margin -€38,572
down €38,572 (-51.2%), from €75,376 to €36,804
- Taxes -€10,097
down €10,097 (-50.7%), from €19,933 to €9,836
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 | €576,963 | €580,881 | +€3,918 | +0.7% |
| Fixed assets | 21/28 | €476,327 | €473,537 | -€2,790 | -0.6% |
| Tangible fixed assets | 22/27 | €476,327 | €473,537 | -€2,790 | -0.6% |
| Land and buildings | 22 | €466,640 | €466,640 | = | 0.0% |
| Plant, machinery and equipment | 23 | €311 | €215 | -€97 | -31.1% |
| Furniture and vehicles | 24 | €5,135 | €2,865 | -€2,269 | -44.2% |
| Assets under construction and advance payments | 27 | €4,241 | €3,816 | -€424 | -10.0% |
| Current assets | 29/58 | €100,636 | €107,344 | +€6,708 | +6.7% |
| Amounts receivable within one year | 40/41 | €88,638 | €100,833 | +€12,194 | +13.8% |
| Trade receivables | 40 | €73,580 | €88,516 | +€14,936 | +20.3% |
| Other amounts receivable | 41 | €15,058 | €12,317 | -€2,742 | -18.2% |
| Cash at bank and in hand | 54/58 | €1,279 | €5,833 | +€4,554 | +356% |
| Deferred charges and accrued income | 490/1 | €10,719 | €679 | -€10,039 | -93.7% |
| Total equity and liabilities | 10/49 | €576,963 | €580,881 | +€3,918 | +0.7% |
| Equity | 10/15 | €146,553 | €163,470 | +€16,917 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,153 | €151,070 | +€16,917 | +12.6% |
| 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 | €132,293 | €149,210 | +€16,917 | +12.8% |
| Amounts payable | 17/49 | €430,410 | €417,411 | -€12,999 | -3.0% |
| Amounts payable after more than one year | 17 | €370,859 | €347,559 | -€23,300 | -6.3% |
| Financial debts | 170/4 | €370,859 | €347,559 | -€23,300 | -6.3% |
| Amounts payable within one year | 42/48 | €59,551 | €69,440 | +€9,889 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €32,266 | €23,299 | -€8,967 | -27.8% |
| Trade debts | 44 | €1,740 | €13,383 | +€11,643 | +669% |
| Suppliers | 440/4 | €1,740 | €13,383 | +€11,643 | +669% |
| Taxes, remuneration and social security | 45 | €19,839 | €15,468 | -€4,372 | -22.0% |
| Taxes | 450/3 | €19,839 | €15,468 | -€4,372 | -22.0% |
| Other amounts payable | 47/48 | €5,705 | €17,290 | +€11,585 | +203% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,518 | €2,790 | +€272 | +10.8% |
| Other operating charges | 640/8 | €1,334 | €1,199 | -€136 | -10.2% |
| Non-recurring operating charges | 66A | €5,744 | - | -€5,744 | |
| Gross operating margin | 9900 | €75,376 | €36,804 | -€38,572 | -51.2% |
| Operating profit (loss) | 9901 | €65,780 | €32,815 | -€32,965 | -50.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,752 | €6,063 | -€689 | -10.2% |
| Recurring financial charges | 65 | €6,752 | €6,063 | -€689 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €59,028 | €26,753 | -€32,275 | -54.7% |
| Income taxes | 67/77 | €19,933 | €9,836 | -€10,097 | -50.7% |
| Profit (loss) for the period | 9904 | €39,095 | €16,917 | -€22,178 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,095 | €16,917 | -€22,178 | -56.7% |
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 29 October 2026 via checked.be.