CREO SERVICES: 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.
CREO SERVICES
Largest movements
- Cash +€107,505
up €107,505 (+424.3%), from €25,335 to €132,840
mainly Other debts (+€60,224) and Net result for the year (+€54,022)
- Tangible fixed assets -€12,597
down €12,597 (-5.5%), from €227,717 to €215,120
of which Land and buildings: -€6,855
- Other debts +€60,224
up €60,224 (+93.7%), from €64,256 to €124,479
- Reserves +€54,022
up €54,022 (+38.8%), from €139,177 to €193,199
- Tax, wage and social debts -€18,741
down €18,741 (-55.4%), from €33,848 to €15,107
- Gross operating margin -€7,479
down €7,479 (-7.0%), from €106,222 to €98,743
- Taxes -€1,869
down €1,869 (-8.2%), from €22,788 to €20,918
- Financial charges -€1,623
down €1,623 (-20.2%), from €8,020 to €6,397
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,826 | €358,624 | +€94,798 | +35.9% |
| Fixed assets | 21/28 | €227,717 | €215,120 | -€12,597 | -5.5% |
| Tangible fixed assets | 22/27 | €227,717 | €215,120 | -€12,597 | -5.5% |
| Land and buildings | 22 | €212,873 | €206,019 | -€6,855 | -3.2% |
| Plant, machinery and equipment | 23 | €8,327 | €5,455 | -€2,872 | -34.5% |
| Furniture and vehicles | 24 | €6,517 | €3,647 | -€2,870 | -44.0% |
| Current assets | 29/58 | €36,108 | €143,503 | +€107,395 | +297.4% |
| Amounts receivable within one year | 40/41 | €9,379 | €9,180 | -€199 | -2.1% |
| Trade receivables | 40 | €9,379 | €9,180 | -€199 | -2.1% |
| Cash at bank and in hand | 54/58 | €25,335 | €132,840 | +€107,505 | +424.3% |
| Deferred charges and accrued income | 490/1 | €1,394 | €1,484 | +€89 | +6.4% |
| Total equity and liabilities | 10/49 | €263,826 | €358,624 | +€94,798 | +35.9% |
| Equity | 10/15 | €164,177 | €218,199 | +€54,022 | +32.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €139,177 | €193,199 | +€54,022 | +38.8% |
| Distributable reserves | 133 | €139,177 | €193,199 | +€54,022 | +38.8% |
| Amounts payable | 17/49 | €99,649 | €140,425 | +€40,776 | +40.9% |
| Amounts payable within one year | 42/48 | €98,817 | €140,399 | +€41,582 | +42.1% |
| Trade debts | 44 | €713 | €813 | +€100 | +14.0% |
| Suppliers | 440/4 | €713 | €813 | +€100 | +14.0% |
| Taxes, remuneration and social security | 45 | €33,848 | €15,107 | -€18,741 | -55.4% |
| Taxes | 450/3 | €33,848 | €15,107 | -€18,741 | -55.4% |
| Other amounts payable | 47/48 | €64,256 | €124,479 | +€60,224 | +93.7% |
| Accrued charges and deferred income | 492/3 | €832 | €26 | -€807 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,940 | €15,582 | +€641 | +4.3% |
| Other operating charges | 640/8 | €1,851 | €1,824 | -€28 | -1.5% |
| Gross operating margin | 9900 | €106,222 | €98,743 | -€7,479 | -7.0% |
| Operating profit (loss) | 9901 | €89,431 | €81,338 | -€8,093 | -9.0% |
| Financial charges | 65/66B | €8,020 | €6,397 | -€1,623 | -20.2% |
| Recurring financial charges | 65 | €8,020 | €6,397 | -€1,623 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €81,410 | €74,941 | -€6,470 | -7.9% |
| Income taxes | 67/77 | €22,788 | €20,918 | -€1,869 | -8.2% |
| Profit (loss) for the period | 9904 | €58,622 | €54,022 | -€4,600 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,622 | €54,022 | -€4,600 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.