CREAWAT: 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.
CREAWAT
Largest movements
- Receivables within one year +€104,559
up €104,559 (+459%), from €22,797 to €127,356
of which Other amounts receivable: +€58,357
- Cash -€29,611
down €29,611 (-51.2%), from €57,809 to €28,198
mainly Receivables within one year (-€104,559) and Investment in fixed assets (net) (-€619)
- Deferred charges and accrued income -€2,805
down €2,805 (-29.6%), from €9,486 to €6,681
- Reserves +€34,000
new in 2025: €34,000
- Trade debts +€22,069
up €22,069 (+46.7%), from €47,212 to €69,281
- Tax, wage and social debts +€15,690
up €15,690 (+102%), from €15,348 to €31,038
- Taxes +€10,438
up €10,438 (+103%), from €10,165 to €20,603
- Gross operating margin -€1,962
down €1,962 (-3.4%), from €57,936 to €55,974
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 | €91,367 | €163,515 | +€72,148 | +79.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,275 | €1,280 | +€5 | +0.4% |
| Tangible fixed assets | 22/27 | €1,155 | €1,160 | +€5 | +0.4% |
| Plant, machinery and equipment | 23 | €847 | €603 | -€244 | -28.8% |
| Furniture and vehicles | 24 | €308 | €557 | +€249 | +80.8% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €90,092 | €162,236 | +€72,144 | +80.1% |
| Amounts receivable within one year | 40/41 | €22,797 | €127,356 | +€104,559 | +459% |
| Trade receivables | 40 | €22,797 | €68,999 | +€46,202 | +203% |
| Other amounts receivable | 41 | - | €58,357 | +€58,357 | |
| Cash at bank and in hand | 54/58 | €57,809 | €28,198 | -€29,611 | -51.2% |
| Deferred charges and accrued income | 490/1 | €9,486 | €6,681 | -€2,805 | -29.6% |
| Total equity and liabilities | 10/49 | €91,367 | €163,515 | +€72,148 | +79.0% |
| Equity | 10/15 | €28,110 | €62,500 | +€34,390 | +122% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €34,000 | +€34,000 | |
| Distributable reserves | 133 | - | €34,000 | +€34,000 | |
| Profit (loss) carried forward | 14 | €21,910 | €22,300 | +€390 | +1.8% |
| Amounts payable | 17/49 | €63,257 | €101,016 | +€37,759 | +59.7% |
| Amounts payable within one year | 42/48 | €63,257 | €101,016 | +€37,759 | +59.7% |
| Trade debts | 44 | €47,212 | €69,281 | +€22,069 | +46.7% |
| Suppliers | 440/4 | €47,212 | €69,281 | +€22,069 | +46.7% |
| Taxes, remuneration and social security | 45 | €15,348 | €31,038 | +€15,690 | +102% |
| Taxes | 450/3 | €15,348 | €31,038 | +€15,690 | +102% |
| Other amounts payable | 47/48 | €697 | €697 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €614 | +€163 | +36.2% |
| Other operating charges | 640/8 | €96 | €63 | -€33 | -33.9% |
| Non-recurring operating charges | 66A | €25 | - | -€25 | |
| Gross operating margin | 9900 | €57,936 | €55,974 | -€1,962 | -3.4% |
| Operating profit (loss) | 9901 | €57,364 | €55,296 | -€2,068 | -3.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €139 | €304 | +€165 | +119% |
| Recurring financial charges | 65 | €139 | €304 | +€165 | +119% |
| Profit (loss) for the period before taxes | 9903 | €57,225 | €54,992 | -€2,233 | -3.9% |
| Income taxes | 67/77 | €10,165 | €20,603 | +€10,438 | +103% |
| Profit (loss) for the period | 9904 | €47,060 | €34,390 | -€12,670 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,060 | €34,390 | -€12,670 | -26.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.