CREAVEST: 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.
CREAVEST
Largest movements
- Tangible fixed assets +€930,590
up €930,590 (+703%), from €132,427 to €1.1m
of which Land and buildings: +€814,382
- Current investments -€571,744
down €571,744 (-53.2%), from €1.1m to €503,069
- Cash -€56,819
down €56,819 (-72.0%), from €78,893 to €22,075
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€196,394)
- Receivables within one year +€18,352
up €18,352 (+45.3%), from €40,494 to €58,845
of which Trade receivables: +€23,689
- Other debts +€513,420
up €513,420 (+153%), from €335,932 to €849,352
- Reserves -€196,394
down €196,394 (-19.7%), from €994,502 to €798,108
of which Distributable reserves: -€196,394
- Depreciation +€126,246
up €126,246 (+942%), from €13,407 to €139,653
- Gross operating margin -€110,473
down €110,473, from €66,703 to -€43,770
- Write-downs +€35,708
up €35,708, from -€35,708 to €0
- Taxes -€26,567
down €26,567 (-100%), from €26,567 to €0
- Financial income +€16,377
up €16,377 (+321%), from €5,108 to €21,484
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 | €1,390,173 | €1,707,415 | +€317,243 | +22.8% |
| Fixed assets | 21/28 | €141,979 | €1,067,052 | +€925,073 | +652% |
| Intangible fixed assets | 21 | €9,553 | €4,036 | -€5,517 | -57.8% |
| Tangible fixed assets | 22/27 | €132,427 | €1,063,016 | +€930,590 | +703% |
| Land and buildings | 22 | €115,675 | €930,057 | +€814,382 | +704% |
| Plant, machinery and equipment | 23 | - | €65,829 | +€65,829 | |
| Furniture and vehicles | 24 | €1,880 | €56,875 | +€54,996 | +2,926% |
| Other tangible fixed assets | 26 | €14,872 | €10,255 | -€4,617 | -31.0% |
| Current assets | 29/58 | €1,248,193 | €640,363 | -€607,830 | -48.7% |
| Stocks and contracts in progress | 3 | €52,666 | €55,341 | +€2,675 | +5.1% |
| Stocks | 30/36 | €52,666 | €55,341 | +€2,675 | +5.1% |
| Amounts receivable within one year | 40/41 | €40,494 | €58,845 | +€18,352 | +45.3% |
| Trade receivables | 40 | €10,579 | €34,268 | +€23,689 | +224% |
| Other amounts receivable | 41 | €29,915 | €24,577 | -€5,338 | -17.8% |
| Current investments | 50/53 | €1,074,813 | €503,069 | -€571,744 | -53.2% |
| Cash at bank and in hand | 54/58 | €78,893 | €22,075 | -€56,819 | -72.0% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,034 | -€294 | -22.2% |
| Total equity and liabilities | 10/49 | €1,390,173 | €1,707,415 | +€317,243 | +22.8% |
| Equity | 10/15 | €1,014,502 | €818,108 | -€196,394 | -19.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €994,502 | €798,108 | -€196,394 | -19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €994,502 | €798,108 | -€196,394 | -19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €375,670 | €889,307 | +€513,637 | +137% |
| Amounts payable within one year | 42/48 | €352,152 | €863,017 | +€510,865 | +145% |
| Trade debts | 44 | €7,670 | €8,685 | +€1,015 | +13.2% |
| Suppliers | 440/4 | €7,670 | €8,685 | +€1,015 | +13.2% |
| Taxes, remuneration and social security | 45 | €8,550 | €4,980 | -€3,570 | -41.8% |
| Taxes | 450/3 | €6,050 | €2,475 | -€3,575 | -59.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,505 | +€5 | +0.2% |
| Other amounts payable | 47/48 | €335,932 | €849,352 | +€513,420 | +153% |
| Accrued charges and deferred income | 492/3 | €23,519 | €26,290 | +€2,772 | +11.8% |
| Remuneration, social security and pensions | 62 | €92 | €0 | -€92 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,407 | €139,653 | +€126,246 | +942% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€35,708 | €0 | +€35,708 | |
| Other operating charges | 640/8 | €3,870 | €8,229 | +€4,359 | +113% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,703 | -€43,770 | -€110,473 | |
| Operating profit (loss) | 9901 | €85,041 | -€191,652 | -€276,693 | |
| Financial income | 75/76B | €5,108 | €21,484 | +€16,377 | +321% |
| Recurring financial income | 75 | €5,108 | €21,484 | +€16,377 | +321% |
| Financial charges | 65/66B | €22,835 | €26,226 | +€3,391 | +14.8% |
| Recurring financial charges | 65 | €22,835 | €26,226 | +€3,391 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €67,313 | -€196,394 | -€263,708 | |
| Income taxes | 67/77 | €26,567 | €0 | -€26,567 | -100% |
| Profit (loss) for the period | 9904 | €40,746 | -€196,394 | -€237,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,746 | -€196,394 | -€237,141 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.