creeco: 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.
creeco
Largest movements
- Receivables within one year +€110,770
up €110,770 (+65.2%), from €169,885 to €280,654
of which Other amounts receivable: +€103,989
- Tangible fixed assets +€14,876
up €14,876 (+9.8%), from €151,260 to €166,137
of which Land and buildings: +€22,000
- Cash -€4,799
down €4,799 (-15.2%), from €31,618 to €26,819
mainly Receivables within one year (-€110,770) and Investment in fixed assets (net) (-€22,000)
- Reserves +€104,500
up €104,500 (+90.8%), from €115,143 to €219,642
of which Distributable reserves: +€104,500
- Tax, wage and social debts +€10,452
up €10,452 (+23.2%), from €45,111 to €55,562
of which Taxes: +€10,452
- Trade debts +€6,797
new in 2025: €6,797
- Gross operating margin +€67,970
up €67,970 (+79.2%), from €85,801 to €153,772
- Taxes +€17,227
up €17,227 (+86.2%), from €19,978 to €37,205
- Other operating charges +€3,020
up €3,020 (+226.9%), from €1,331 to €4,351
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 | €355,560 | €473,610 | +€118,050 | +33.2% |
| Fixed assets | 21/28 | €151,260 | €166,137 | +€14,876 | +9.8% |
| Tangible fixed assets | 22/27 | €151,260 | €166,137 | +€14,876 | +9.8% |
| Land and buildings | 22 | €129,500 | €151,500 | +€22,000 | +17.0% |
| Plant, machinery and equipment | 23 | €3,931 | €3,243 | -€688 | -17.5% |
| Furniture and vehicles | 24 | €17,830 | €11,393 | -€6,436 | -36.1% |
| Current assets | 29/58 | €204,299 | €307,473 | +€103,174 | +50.5% |
| Amounts receivable within one year | 40/41 | €169,885 | €280,654 | +€110,770 | +65.2% |
| Trade receivables | 40 | €53,350 | €60,131 | +€6,781 | +12.7% |
| Other amounts receivable | 41 | €116,534 | €220,523 | +€103,989 | +89.2% |
| Cash at bank and in hand | 54/58 | €31,618 | €26,819 | -€4,799 | -15.2% |
| Deferred charges and accrued income | 490/1 | €2,797 | - | -€2,797 | |
| Total equity and liabilities | 10/49 | €355,560 | €473,610 | +€118,050 | +33.2% |
| Equity | 10/15 | €134,143 | €238,642 | +€104,500 | +77.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €115,143 | €219,642 | +€104,500 | +90.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €113,243 | €217,742 | +€104,500 | +92.3% |
| Amounts payable | 17/49 | €221,417 | €234,967 | +€13,550 | +6.1% |
| Amounts payable within one year | 42/48 | €221,417 | €234,967 | +€13,550 | +6.1% |
| Trade debts | 44 | - | €6,797 | +€6,797 | |
| Suppliers | 440/4 | - | €6,797 | +€6,797 | |
| Advances received on contracts in progress | 46 | €424 | €424 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €45,111 | €55,562 | +€10,452 | +23.2% |
| Taxes | 450/3 | €42,811 | €53,262 | +€10,452 | +24.4% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €175,883 | €172,185 | -€3,698 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,366 | €7,124 | -€243 | -3.3% |
| Other operating charges | 640/8 | €1,331 | €4,351 | +€3,020 | +226.9% |
| Gross operating margin | 9900 | €85,801 | €153,772 | +€67,970 | +79.2% |
| Operating profit (loss) | 9901 | €77,104 | €142,297 | +€65,193 | +84.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +238.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +238.7% |
| Financial charges | 65/66B | €272 | €593 | +€321 | +117.8% |
| Recurring financial charges | 65 | €272 | €593 | +€321 | +117.8% |
| Profit (loss) for the period before taxes | 9903 | €76,832 | €141,705 | +€64,873 | +84.4% |
| Income taxes | 67/77 | €19,978 | €37,205 | +€17,227 | +86.2% |
| Profit (loss) for the period | 9904 | €56,854 | €104,500 | +€47,646 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,854 | €104,500 | +€47,646 | +83.8% |
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.