CREOLE: 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.
CREOLE
Largest movements
- Stocks and contracts -€41,853
down €41,853 (-23.7%), from €176,255 to €134,402
- Receivables within one year +€18,430
up €18,430 (+53.4%), from €34,520 to €52,949
of which Other amounts receivable: +€22,988
- Deferred charges and accrued income -€10,400
down €10,400 (-100.0%), from €10,400 to €0
- Profit (loss) carried forward -€41,090
down €41,090 (-131.9%), from -€31,142 to -€72,232
- Tax, wage and social debts +€3,964
up €3,964 (+11.2%), from €35,277 to €39,241
of which Remuneration and social security: +€2,836
- Trade debts +€2,863
up €2,863 (+14.3%), from €20,036 to €22,900
- Gross operating margin -€2,922
down €2,922 (-2.4%), from €123,081 to €120,160
- Other operating charges +€1,757
up €1,757 (+23.3%), from €7,554 to €9,311
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 | €276,494 | €241,084 | -€35,410 | -12.8% |
| Current assets | 29/58 | €276,494 | €241,084 | -€35,410 | -12.8% |
| Stocks and contracts in progress | 3 | €176,255 | €134,402 | -€41,853 | -23.7% |
| Stocks | 30/36 | €176,255 | €134,402 | -€41,853 | -23.7% |
| Amounts receivable within one year | 40/41 | €34,520 | €52,949 | +€18,430 | +53.4% |
| Trade receivables | 40 | €9,813 | €5,254 | -€4,559 | -46.5% |
| Other amounts receivable | 41 | €24,707 | €47,695 | +€22,988 | +93.0% |
| Cash at bank and in hand | 54/58 | €55,319 | €53,733 | -€1,586 | -2.9% |
| Deferred charges and accrued income | 490/1 | €10,400 | €0 | -€10,400 | -100.0% |
| Total equity and liabilities | 10/49 | €276,494 | €241,084 | -€35,410 | -12.8% |
| Equity | 10/15 | €209,604 | €168,514 | -€41,090 | -19.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €215,746 | €215,746 | = | 0.0% |
| Distributable reserves | 133 | €215,746 | €215,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,142 | -€72,232 | -€41,090 | -131.9% |
| Amounts payable | 17/49 | €66,890 | €72,570 | +€5,680 | +8.5% |
| Amounts payable within one year | 42/48 | €65,757 | €72,570 | +€6,814 | +10.4% |
| Financial debts | 43 | €10,443 | €10,430 | -€13 | -0.1% |
| Credit institutions | 430/8 | €10,443 | €10,430 | -€13 | -0.1% |
| Trade debts | 44 | €20,036 | €22,900 | +€2,863 | +14.3% |
| Suppliers | 440/4 | €20,036 | €22,900 | +€2,863 | +14.3% |
| Taxes, remuneration and social security | 45 | €35,277 | €39,241 | +€3,964 | +11.2% |
| Taxes | 450/3 | €17,005 | €18,132 | +€1,128 | +6.6% |
| Remuneration and social security | 454/9 | €18,272 | €21,108 | +€2,836 | +15.5% |
| Accrued charges and deferred income | 492/3 | €1,133 | €0 | -€1,133 | -100.0% |
| Remuneration, social security and pensions | 62 | €148,382 | €147,255 | -€1,127 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €0 | -€337 | -100.0% |
| Other operating charges | 640/8 | €7,554 | €9,311 | +€1,757 | +23.3% |
| Gross operating margin | 9900 | €123,081 | €120,160 | -€2,922 | -2.4% |
| Operating profit (loss) | 9901 | -€33,191 | -€36,407 | -€3,215 | -9.7% |
| Financial income | 75/76B | €680 | €794 | +€114 | +16.7% |
| Recurring financial income | 75 | €680 | €794 | +€114 | +16.7% |
| Financial charges | 65/66B | €5,705 | €5,477 | -€228 | -4.0% |
| Recurring financial charges | 65 | €5,705 | €5,477 | -€228 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,217 | -€41,090 | -€2,873 | -7.5% |
| Profit (loss) for the period | 9904 | -€38,217 | -€41,090 | -€2,873 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,217 | -€41,090 | -€2,873 | -7.5% |
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 9 October 2026 via checked.be.