CREO: 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.
CREO
Largest movements
- Receivables within one year -€12,669
down €12,669 (-12.6%), from €100,860 to €88,190
of which Other amounts receivable: -€38,732
- Cash +€10,869
up €10,869 (+217.4%), from €5,000 to €15,869
mainly Provisions (+€14,488) and Receivables within one year (+€12,669)
- Deferred charges and accrued income -€2,278
down €2,278 (-89.7%), from €2,540 to €262
- Debts within one year -€26,380
down €26,380 (-11.4%), from €232,239 to €205,859
of which Short-term financial debts: -€193,088
- Provisions +€14,488
new in 2025: €14,488
- Profit (loss) carried forward +€7,180
up €7,180 (+5.9%), from -€122,200 to -€115,020
- Turnover +€142,413
new in 2025: €142,413
- Gross operating margin -€95,996
down €95,996 (-29.1%), from €330,202 to €234,206
- Staff costs -€49,260
down €49,260 (-19.7%), from €250,674 to €201,415
- Purchases and services -€35,275
down €35,275 (-72.5%), from €48,657 to €13,382
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 | €110,039 | €105,327 | -€4,713 | -4.3% |
| Fixed assets | 21/28 | €1,639 | €1,005 | -€635 | -38.7% |
| Tangible fixed assets | 22/27 | €1,639 | €1,005 | -€635 | -38.7% |
| Furniture and vehicles | 24 | €1,639 | €1,005 | -€635 | -38.7% |
| Current assets | 29/58 | €108,400 | €104,322 | -€4,078 | -3.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €100,860 | €88,190 | -€12,669 | -12.6% |
| Trade receivables | 40 | €7,074 | €33,137 | +€26,063 | +368.5% |
| Other amounts receivable | 41 | €93,786 | €55,054 | -€38,732 | -41.3% |
| Cash at bank and in hand | 54/58 | €5,000 | €15,869 | +€10,869 | +217.4% |
| Deferred charges and accrued income | 490/1 | €2,540 | €262 | -€2,278 | -89.7% |
| Total equity and liabilities | 10/49 | €110,039 | €105,327 | -€4,713 | -4.3% |
| Equity | 10/15 | -€122,200 | -€115,020 | +€7,180 | +5.9% |
| Profit (loss) carried forward | 14 | -€122,200 | -€115,020 | +€7,180 | +5.9% |
| Provisions and deferred taxes | 16 | - | €14,488 | +€14,488 | |
| Provisions for liabilities and charges | 160/5 | - | €14,488 | +€14,488 | |
| Other liabilities and charges | 164/5 | - | €14,488 | +€14,488 | |
| Amounts payable | 17/49 | €232,239 | €205,859 | -€26,380 | -11.4% |
| Amounts payable within one year | 42/48 | €232,239 | €205,859 | -€26,380 | -11.4% |
| Financial debts | 43 | €193,088 | - | -€193,088 | |
| Credit institutions | 430/8 | €193,088 | - | -€193,088 | |
| Trade debts | 44 | €15,224 | €17,369 | +€2,145 | +14.1% |
| Suppliers | 440/4 | €15,224 | €17,369 | +€2,145 | +14.1% |
| Taxes, remuneration and social security | 45 | €13,242 | €71,621 | +€58,379 | +440.9% |
| Taxes | 450/3 | - | €38,117 | +€38,117 | |
| Remuneration and social security | 454/9 | €13,242 | €33,505 | +€20,263 | +153.0% |
| Turnover | 70 | - | €142,413 | +€142,413 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,657 | €13,382 | -€35,275 | -72.5% |
| Remuneration, social security and pensions | 62 | €250,674 | €201,415 | -€49,260 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €635 | = | 0.0% |
| Other operating charges | 640/8 | €1,803 | €120 | -€1,683 | -93.3% |
| Non-recurring operating charges | 66A | - | €14,488 | +€14,488 | |
| Gross operating margin | 9900 | €330,202 | €234,206 | -€95,996 | -29.1% |
| Operating profit (loss) | 9901 | €77,090 | €17,549 | -€59,541 | -77.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,071 | €10,369 | -€702 | -6.3% |
| Recurring financial charges | 65 | €11,071 | €10,369 | -€702 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €66,020 | €7,180 | -€58,840 | -89.1% |
| Profit (loss) for the period | 9904 | €66,020 | €7,180 | -€58,840 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,020 | €7,180 | -€58,840 | -89.1% |
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 3 October 2026 via checked.be.