Creon R.E.D.: 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.
Creon R.E.D.
Largest movements
- Cash -€57,657
down €57,657 (-98.9%), from €58,273 to €616
mainly Current portion of long-term debt (-€47,398) and Net result for the year (-€41,457)
- Stocks and contracts -€37,187
down €37,187 (-100%), from €37,187 to €0
- Receivables within one year +€20,713
up €20,713 (+46.5%), from €44,582 to €65,295
of which Other amounts receivable: +€22,500
- Current portion of long-term debt -€47,398
down €47,398 (-100%), from €47,398 to €0
- Reserves -€41,457
down €41,457 (-33.6%), from €123,370 to €81,913
- Other debts +€11,664
up €11,664 (+26.7%), from €43,721 to €55,385
- Trade debts +€4,239
up €4,239 (+182%), from €2,325 to €6,564
- Financial charges -€30,776
down €30,776 (-70.2%), from €43,815 to €13,039
- Gross operating margin -€11,908
down €11,908 (-135%), from -€8,804 to -€20,711
- Other operating charges +€1,336
up €1,336 (+21.6%), from €6,171 to €7,507
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 | €268,192 | €193,861 | -€74,331 | -27.7% |
| Fixed assets | 21/28 | €128,150 | €127,950 | -€200 | -0.2% |
| Tangible fixed assets | 22/27 | €8,100 | €7,900 | -€200 | -2.5% |
| Land and buildings | 22 | €8,100 | €7,900 | -€200 | -2.5% |
| Financial fixed assets | 28 | €120,050 | €120,050 | = | 0.0% |
| Current assets | 29/58 | €140,042 | €65,911 | -€74,131 | -52.9% |
| Stocks and contracts in progress | 3 | €37,187 | €0 | -€37,187 | -100% |
| Stocks | 30/36 | €37,187 | €0 | -€37,187 | -100% |
| Amounts receivable within one year | 40/41 | €44,582 | €65,295 | +€20,713 | +46.5% |
| Trade receivables | 40 | €19,787 | €18,000 | -€1,787 | -9.0% |
| Other amounts receivable | 41 | €24,795 | €47,295 | +€22,500 | +90.7% |
| Cash at bank and in hand | 54/58 | €58,273 | €616 | -€57,657 | -98.9% |
| Total equity and liabilities | 10/49 | €268,192 | €193,861 | -€74,331 | -27.7% |
| Equity | 10/15 | €173,370 | €131,913 | -€41,457 | -23.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €123,370 | €81,913 | -€41,457 | -33.6% |
| Distributable reserves | 133 | €123,370 | €81,913 | -€41,457 | -33.6% |
| Amounts payable | 17/49 | €94,822 | €61,949 | -€32,874 | -34.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €93,443 | €61,949 | -€31,495 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €47,398 | €0 | -€47,398 | -100% |
| Trade debts | 44 | €2,325 | €6,564 | +€4,239 | +182% |
| Suppliers | 440/4 | €2,325 | €6,564 | +€4,239 | +182% |
| Other amounts payable | 47/48 | €43,721 | €55,385 | +€11,664 | +26.7% |
| Accrued charges and deferred income | 492/3 | €1,379 | €0 | -€1,379 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €6,171 | €7,507 | +€1,336 | +21.6% |
| Gross operating margin | 9900 | -€8,804 | -€20,711 | -€11,908 | -135% |
| Operating profit (loss) | 9901 | -€15,175 | -€28,418 | -€13,243 | -87.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €43,815 | €13,039 | -€30,776 | -70.2% |
| Recurring financial charges | 65 | €43,815 | €13,039 | -€30,776 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,989 | -€41,457 | +€17,532 | +29.7% |
| Profit (loss) for the period | 9904 | -€58,989 | -€41,457 | +€17,532 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,989 | -€41,457 | +€17,532 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.