CREAVEMA: 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.
CREAVEMA
Largest movements
- Cash +€14,492
up €14,492 (+16.3%), from €88,902 to €103,395
mainly Net result for the year (+€13,795) and Depreciation (+€12,369)
- Receivables within one year +€6,676
up €6,676 (+357.5%), from €1,867 to €8,544
- Tangible fixed assets -€3,196
down €3,196 (-2.8%), from €113,098 to €109,902
of which Furniture and vehicles: -€2,102
- Reserves +€13,795
up €13,795 (+11.4%), from €121,170 to €134,964
of which Distributable reserves: +€13,795
- Trade debts +€5,395
up €5,395 (+761.1%), from €709 to €6,103
- Gross operating margin +€6,590
up €6,590 (+18.1%), from €36,324 to €42,914
- Taxes +€2,756
up €2,756 (+35.4%), from €7,784 to €10,539
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 | €205,209 | €223,578 | +€18,369 | +9.0% |
| Fixed assets | 21/28 | €113,098 | €109,902 | -€3,196 | -2.8% |
| Tangible fixed assets | 22/27 | €113,098 | €109,902 | -€3,196 | -2.8% |
| Land and buildings | 22 | €106,468 | €106,472 | +€5 | 0.0% |
| Plant, machinery and equipment | 23 | €3,595 | €2,496 | -€1,099 | -30.6% |
| Furniture and vehicles | 24 | €3,035 | €934 | -€2,102 | -69.2% |
| Current assets | 29/58 | €92,111 | €113,676 | +€21,565 | +23.4% |
| Amounts receivable within one year | 40/41 | €1,867 | €8,544 | +€6,676 | +357.5% |
| Other amounts receivable | 41 | €1,867 | €8,544 | +€6,676 | +357.5% |
| Cash at bank and in hand | 54/58 | €88,902 | €103,395 | +€14,492 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,738 | +€397 | +29.6% |
| Total equity and liabilities | 10/49 | €205,209 | €223,578 | +€18,369 | +9.0% |
| Equity | 10/15 | €183,170 | €196,964 | +€13,795 | +7.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €121,170 | €134,964 | +€13,795 | +11.4% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €109,970 | €123,764 | +€13,795 | +12.5% |
| Amounts payable | 17/49 | €22,039 | €26,614 | +€4,575 | +20.8% |
| Amounts payable after more than one year | 17 | €1,660 | €760 | -€900 | -54.2% |
| Other amounts payable | 178/9 | €1,660 | €760 | -€900 | -54.2% |
| Amounts payable within one year | 42/48 | €20,290 | €25,833 | +€5,543 | +27.3% |
| Trade debts | 44 | €709 | €6,103 | +€5,395 | +761.1% |
| Suppliers | 440/4 | €709 | €6,103 | +€5,395 | +761.1% |
| Other amounts payable | 47/48 | €19,581 | €19,730 | +€148 | +0.8% |
| Accrued charges and deferred income | 492/3 | €89 | €21 | -€68 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,343 | €12,369 | +€26 | +0.2% |
| Other operating charges | 640/8 | €6,000 | €6,209 | +€209 | +3.5% |
| Gross operating margin | 9900 | €36,324 | €42,914 | +€6,590 | +18.1% |
| Operating profit (loss) | 9901 | €17,981 | €24,336 | +€6,355 | +35.3% |
| Financial income | 75/76B | €503 | €277 | -€226 | -44.9% |
| Recurring financial income | 75 | €503 | €277 | -€226 | -44.9% |
| Financial charges | 65/66B | €222 | €279 | +€57 | +25.7% |
| Recurring financial charges | 65 | €222 | €279 | +€57 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €18,262 | €24,334 | +€6,072 | +33.2% |
| Income taxes | 67/77 | €7,784 | €10,539 | +€2,756 | +35.4% |
| Profit (loss) for the period | 9904 | €10,479 | €13,795 | +€3,316 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,479 | €13,795 | +€3,316 | +31.6% |
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.