CREAWORKS: 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.
CREAWORKS
Largest movements
- Tangible fixed assets -€7,484
down €7,484 (-44.1%), from €16,980 to €9,496
of which Furniture and vehicles: -€7,046
- Receivables within one year -€6,599
down €6,599 (-74.7%), from €8,835 to €2,236
of which Trade receivables: -€6,432
- Cash -€2,461
down €2,461 (-78.1%), from €3,151 to €690
mainly Net result for the year (-€22,210) and Tax, wage and social debts (-€1,909)
- Profit (loss) carried forward -€22,210
down €22,210 (-18.7%), from -€118,636 to -€140,847
- Debts after one year +€8,444
up €8,444 (+6.5%), from €130,891 to €139,336
- Tax, wage and social debts -€1,909
down €1,909 (-70.3%), from €2,714 to €805
- Trade debts -€793
down €793 (-20.3%), from €3,897 to €3,104
- Gross operating margin -€50,113
down €50,113, from €37,020 to -€13,093
- Depreciation -€8,299
down €8,299 (-52.6%), from €15,783 to €7,484
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 | €31,266 | €14,798 | -€16,468 | -52.7% |
| Fixed assets | 21/28 | €16,980 | €9,496 | -€7,484 | -44.1% |
| Tangible fixed assets | 22/27 | €16,980 | €9,496 | -€7,484 | -44.1% |
| Furniture and vehicles | 24 | €13,317 | €6,272 | -€7,046 | -52.9% |
| Other tangible fixed assets | 26 | €3,663 | €3,224 | -€439 | -12.0% |
| Current assets | 29/58 | €14,285 | €5,302 | -€8,984 | -62.9% |
| Amounts receivable within one year | 40/41 | €8,835 | €2,236 | -€6,599 | -74.7% |
| Trade receivables | 40 | €8,653 | €2,221 | -€6,432 | -74.3% |
| Other amounts receivable | 41 | €183 | €15 | -€168 | -91.8% |
| Cash at bank and in hand | 54/58 | €3,151 | €690 | -€2,461 | -78.1% |
| Deferred charges and accrued income | 490/1 | €2,299 | €2,376 | +€77 | +3.3% |
| Total equity and liabilities | 10/49 | €31,266 | €14,798 | -€16,468 | -52.7% |
| Equity | 10/15 | -€106,236 | -€128,447 | -€22,210 | -20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,636 | -€140,847 | -€22,210 | -18.7% |
| Amounts payable | 17/49 | €137,502 | €143,244 | +€5,742 | +4.2% |
| Amounts payable after more than one year | 17 | €130,891 | €139,336 | +€8,444 | +6.5% |
| Financial debts | 170/4 | €130,891 | €139,336 | +€8,444 | +6.5% |
| Amounts payable within one year | 42/48 | €6,611 | €3,908 | -€2,702 | -40.9% |
| Trade debts | 44 | €3,897 | €3,104 | -€793 | -20.3% |
| Suppliers | 440/4 | €3,897 | €3,104 | -€793 | -20.3% |
| Taxes, remuneration and social security | 45 | €2,714 | €805 | -€1,909 | -70.3% |
| Taxes | 450/3 | €2,714 | €805 | -€1,909 | -70.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,783 | €7,484 | -€8,299 | -52.6% |
| Other operating charges | 640/8 | €1,018 | €1,050 | +€32 | +3.1% |
| Gross operating margin | 9900 | €37,020 | -€13,093 | -€50,113 | |
| Operating profit (loss) | 9901 | €20,219 | -€21,627 | -€41,846 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -10.2% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -10.2% |
| Financial charges | 65/66B | €93 | €99 | +€6 | +6.5% |
| Recurring financial charges | 65 | €93 | €99 | +€6 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €20,127 | -€21,725 | -€41,852 | |
| Income taxes | 67/77 | €543 | €485 | -€58 | -10.6% |
| Profit (loss) for the period | 9904 | €19,584 | -€22,210 | -€41,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,584 | -€22,210 | -€41,794 |
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 15 October 2026 via checked.be.