CREER: 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.
CREER
Largest movements
- Tangible fixed assets -€57,662
down €57,662 (-5.3%), from €1.1m to €1.0m
of which Land and buildings: -€56,764
- Receivables within one year +€53,320
up €53,320 (+21.8%), from €244,674 to €297,994
of which Trade receivables: +€56,544
- Cash -€50,876
down €50,876 (-77.1%), from €65,977 to €15,101
mainly Debts after one year (-€73,697) and Receivables within one year (-€53,320)
- Debts after one year -€73,697
down €73,697 (-8.3%), from €891,083 to €817,386
of which Financial debts: -€73,697
- Profit (loss) carried forward +€30,553
up €30,553 (+13.1%), from €232,400 to €262,953
- Trade debts -€21,722
down €21,722 (-31.8%), from €68,227 to €46,505
- Tax, wage and social debts +€14,423
up €14,423 (+73.6%), from €19,591 to €34,014
of which Taxes: +€13,413
- Gross operating margin +€40,825
up €40,825 (+22.3%), from €182,834 to €223,659
- Taxes +€9,941
up €9,941 (+785%), from €1,267 to €11,208
- Staff costs +€3,365
up €3,365 (+4.3%), from €78,123 to €81,488
- Other operating charges +€2,502
up €2,502 (+41.1%), from €6,089 to €8,591
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 | €1,391,868 | €1,341,150 | -€50,718 | -3.6% |
| Fixed assets | 21/28 | €1,080,246 | €1,022,584 | -€57,662 | -5.3% |
| Tangible fixed assets | 22/27 | €1,080,246 | €1,022,584 | -€57,662 | -5.3% |
| Land and buildings | 22 | €1,070,112 | €1,013,347 | -€56,764 | -5.3% |
| Plant, machinery and equipment | 23 | €1,079 | €539 | -€539 | -50.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,056 | €8,697 | -€359 | -4.0% |
| Current assets | 29/58 | €311,622 | €318,566 | +€6,944 | +2.2% |
| Amounts receivable within one year | 40/41 | €244,674 | €297,994 | +€53,320 | +21.8% |
| Trade receivables | 40 | €25,944 | €82,488 | +€56,544 | +218% |
| Other amounts receivable | 41 | €218,730 | €215,506 | -€3,224 | -1.5% |
| Cash at bank and in hand | 54/58 | €65,977 | €15,101 | -€50,876 | -77.1% |
| Deferred charges and accrued income | 490/1 | €972 | €5,472 | +€4,500 | +463% |
| Total equity and liabilities | 10/49 | €1,391,868 | €1,341,150 | -€50,718 | -3.6% |
| Equity | 10/15 | €252,860 | €283,413 | +€30,553 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,400 | €262,953 | +€30,553 | +13.1% |
| Amounts payable | 17/49 | €1,139,009 | €1,057,737 | -€81,271 | -7.1% |
| Amounts payable after more than one year | 17 | €891,083 | €817,386 | -€73,697 | -8.3% |
| Financial debts | 170/4 | €888,283 | €814,586 | -€73,697 | -8.3% |
| Other amounts payable | 178/9 | €2,800 | €2,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,609 | €233,059 | -€4,550 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €126,275 | €129,097 | +€2,821 | +2.2% |
| Trade debts | 44 | €68,227 | €46,505 | -€21,722 | -31.8% |
| Suppliers | 440/4 | €68,227 | €46,505 | -€21,722 | -31.8% |
| Taxes, remuneration and social security | 45 | €19,591 | €34,014 | +€14,423 | +73.6% |
| Taxes | 450/3 | €5,659 | €19,071 | +€13,413 | +237% |
| Remuneration and social security | 454/9 | €13,932 | €14,942 | +€1,010 | +7.3% |
| Other amounts payable | 47/48 | €23,516 | €23,444 | -€72 | -0.3% |
| Accrued charges and deferred income | 492/3 | €10,316 | €7,292 | -€3,025 | -29.3% |
| Remuneration, social security and pensions | 62 | €78,123 | €81,488 | +€3,365 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,312 | €57,662 | -€650 | -1.1% |
| Other operating charges | 640/8 | €6,089 | €8,591 | +€2,502 | +41.1% |
| Gross operating margin | 9900 | €182,834 | €223,659 | +€40,825 | +22.3% |
| Operating profit (loss) | 9901 | €40,310 | €75,917 | +€35,607 | +88.3% |
| Financial income | 75/76B | €265 | €0 | -€265 | -100% |
| Recurring financial income | 75 | €265 | €0 | -€265 | -100% |
| Financial charges | 65/66B | €36,196 | €34,156 | -€2,040 | -5.6% |
| Recurring financial charges | 65 | €36,196 | €34,156 | -€2,040 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €4,379 | €41,761 | +€37,382 | +854% |
| Income taxes | 67/77 | €1,267 | €11,208 | +€9,941 | +785% |
| Profit (loss) for the period | 9904 | €3,112 | €30,553 | +€27,441 | +882% |
| Profit (loss) for the period to be appropriated | 9905 | €3,112 | €30,553 | +€27,441 | +882% |
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.