CREAZ: 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.
CREAZ
Largest movements
- Tangible fixed assets -€4,692
down €4,692 (-1.2%), from €395,016 to €390,324
of which Land and buildings: -€5,604
- Other debts +€284,415
up €284,415 (+379.0%), from €75,038 to €359,453
- Debts after one year -€253,983
down €253,983 (-89.8%), from €282,862 to €28,879
- Profit (loss) carried forward -€24,233
down €24,233, from €1,580 to -€22,653
- Current portion of long-term debt -€10,560
no longer reported in 2025 (was €10,560)
- Trade debts -€6,424
down €6,424 (-91.2%), from €7,044 to €620
- Taxes +€47,252
up €47,252 (+2756.8%), from €1,714 to €48,966
- Gross operating margin +€17,561
up €17,561 (+58.3%), from €30,113 to €47,674
- Depreciation -€8,730
down €8,730 (-53.9%), from €16,189 to €7,459
- Other operating charges +€4,713
up €4,713 (+111.8%), from €4,216 to €8,929
- Financial charges +€3,134
up €3,134 (+91.7%), from €3,419 to €6,553
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 | €399,387 | €393,463 | -€5,924 | -1.5% |
| Fixed assets | 21/28 | €395,016 | €390,324 | -€4,692 | -1.2% |
| Tangible fixed assets | 22/27 | €395,016 | €390,324 | -€4,692 | -1.2% |
| Land and buildings | 22 | €387,693 | €382,089 | -€5,604 | -1.4% |
| Plant, machinery and equipment | 23 | €7,323 | €8,235 | +€912 | +12.5% |
| Current assets | 29/58 | €4,371 | €3,139 | -€1,232 | -28.2% |
| Amounts receivable within one year | 40/41 | €450 | €600 | +€150 | +33.3% |
| Trade receivables | 40 | €450 | €600 | +€150 | +33.3% |
| Cash at bank and in hand | 54/58 | €3,921 | €2,539 | -€1,382 | -35.2% |
| Total equity and liabilities | 10/49 | €399,387 | €393,463 | -€5,924 | -1.5% |
| Equity | 10/15 | €20,180 | -€4,053 | -€24,233 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,580 | -€22,653 | -€24,233 | |
| Amounts payable | 17/49 | €379,207 | €397,516 | +€18,309 | +4.8% |
| Amounts payable after more than one year | 17 | €282,862 | €28,879 | -€253,983 | -89.8% |
| Financial debts | 170/4 | €282,862 | €28,879 | -€253,983 | -89.8% |
| Amounts payable within one year | 42/48 | €96,345 | €368,637 | +€272,292 | +282.6% |
| Current portion of amounts payable after more than one year | 42 | €10,560 | - | -€10,560 | |
| Trade debts | 44 | €7,044 | €620 | -€6,424 | -91.2% |
| Suppliers | 440/4 | €7,044 | €620 | -€6,424 | -91.2% |
| Taxes, remuneration and social security | 45 | €3,703 | €8,564 | +€4,861 | +131.3% |
| Taxes | 450/3 | €3,703 | €8,564 | +€4,861 | +131.3% |
| Other amounts payable | 47/48 | €75,038 | €359,453 | +€284,415 | +379.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,189 | €7,459 | -€8,730 | -53.9% |
| Other operating charges | 640/8 | €4,216 | €8,929 | +€4,713 | +111.8% |
| Gross operating margin | 9900 | €30,113 | €47,674 | +€17,561 | +58.3% |
| Operating profit (loss) | 9901 | €9,708 | €31,286 | +€21,578 | +222.3% |
| Financial charges | 65/66B | €3,419 | €6,553 | +€3,134 | +91.7% |
| Recurring financial charges | 65 | €3,419 | €6,553 | +€3,134 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €6,289 | €24,733 | +€18,444 | +293.3% |
| Income taxes | 67/77 | €1,714 | €48,966 | +€47,252 | +2756.8% |
| Profit (loss) for the period | 9904 | €4,575 | -€24,233 | -€28,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,575 | -€24,233 | -€28,808 |
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 7 October 2026 via checked.be.