CREIT: 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.
CREIT
Largest movements
- Current investments -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Tangible fixed assets -€27,282
down €27,282 (-30.6%), from €89,117 to €61,835
of which Furniture and vehicles: -€29,012
- Cash -€13,960
down €13,960 (-30.9%), from €45,126 to €31,166
mainly Other debts (-€86,666) and Debts after one year (-€22,000)
- Deferred charges and accrued income -€4,181
down €4,181 (-41.0%), from €10,194 to €6,013
- Other debts -€86,666
down €86,666 (-92.0%), from €94,183 to €7,517
- Reserves +€52,607
new in 2025: €52,607
- Debts after one year -€22,000
down €22,000 (-42.3%), from €52,000 to €30,000
- Tax, wage and social debts -€14,931
down €14,931 (-30.3%), from €49,311 to €34,380
of which Taxes: -€15,210
- Trade debts -€3,568
down €3,568 (-58.6%), from €6,093 to €2,525
- Gross operating margin +€33,152
up €33,152 (+42.4%), from €78,275 to €111,427
- Depreciation +€12,636
up €12,636 (+75.6%), from €16,710 to €29,346
- Taxes +€10,692
up €10,692 (+70.0%), from €15,266 to €25,958
- Financial charges +€2,581
up €2,581 (+132%), from €1,958 to €4,539
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 | €230,736 | €156,178 | -€74,558 | -32.3% |
| Fixed assets | 21/28 | €89,117 | €61,835 | -€27,282 | -30.6% |
| Tangible fixed assets | 22/27 | €89,117 | €61,835 | -€27,282 | -30.6% |
| Plant, machinery and equipment | 23 | €278 | €2,008 | +€1,730 | +622% |
| Furniture and vehicles | 24 | €88,839 | €59,827 | -€29,012 | -32.7% |
| Current assets | 29/58 | €141,619 | €94,343 | -€47,276 | -33.4% |
| Stocks and contracts in progress | 3 | €75 | €436 | +€361 | +481% |
| Stocks | 30/36 | €75 | €436 | +€361 | +481% |
| Amounts receivable within one year | 40/41 | €36,224 | €36,728 | +€504 | +1.4% |
| Trade receivables | 40 | €36,224 | €36,728 | +€504 | +1.4% |
| Current investments | 50/53 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €45,126 | €31,166 | -€13,960 | -30.9% |
| Deferred charges and accrued income | 490/1 | €10,194 | €6,013 | -€4,181 | -41.0% |
| Total equity and liabilities | 10/49 | €230,736 | €156,178 | -€74,558 | -32.3% |
| Equity | 10/15 | €7,149 | €59,756 | +€52,607 | +736% |
| Contributions | 10/11 | €7,100 | €7,100 | = | 0.0% |
| Reserves | 13 | - | €52,607 | +€52,607 | |
| Distributable reserves | 133 | - | €52,607 | +€52,607 | |
| Profit (loss) carried forward | 14 | €49 | €49 | = | 0.0% |
| Amounts payable | 17/49 | €223,587 | €96,422 | -€127,165 | -56.9% |
| Amounts payable after more than one year | 17 | €52,000 | €30,000 | -€22,000 | -42.3% |
| Financial debts | 170/4 | €52,000 | €30,000 | -€22,000 | -42.3% |
| Amounts payable within one year | 42/48 | €171,587 | €66,422 | -€105,165 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €22,000 | = | 0.0% |
| Trade debts | 44 | €6,093 | €2,525 | -€3,568 | -58.6% |
| Suppliers | 440/4 | €6,093 | €2,525 | -€3,568 | -58.6% |
| Taxes, remuneration and social security | 45 | €49,311 | €34,380 | -€14,931 | -30.3% |
| Taxes | 450/3 | €48,487 | €33,277 | -€15,210 | -31.4% |
| Remuneration and social security | 454/9 | €824 | €1,103 | +€279 | +33.9% |
| Other amounts payable | 47/48 | €94,183 | €7,517 | -€86,666 | -92.0% |
| Non-recurring operating income | 76A | €20,690 | €20,755 | +€65 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,710 | €29,346 | +€12,636 | +75.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €78,275 | €111,427 | +€33,152 | +42.4% |
| Operating profit (loss) | 9901 | €61,447 | €81,961 | +€20,514 | +33.4% |
| Financial income | 75/76B | €1,688 | €1,143 | -€545 | -32.3% |
| Recurring financial income | 75 | €1,688 | €1,143 | -€545 | -32.3% |
| Financial charges | 65/66B | €1,958 | €4,539 | +€2,581 | +132% |
| Recurring financial charges | 65 | €1,958 | €4,539 | +€2,581 | +132% |
| Profit (loss) for the period before taxes | 9903 | €61,177 | €78,565 | +€17,388 | +28.4% |
| Income taxes | 67/77 | €15,266 | €25,958 | +€10,692 | +70.0% |
| Profit (loss) for the period | 9904 | €45,911 | €52,607 | +€6,696 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,911 | €52,607 | +€6,696 | +14.6% |
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 14 October 2026 via checked.be.