CREOPZ: 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.
CREOPZ
Largest movements
- Receivables within one year -€143,311
down €143,311 (-100%), from €143,311 to €0
of which Other amounts receivable: -€86,477
- Cash +€74,523
up €74,523 (+45.6%), from €163,364 to €237,887
mainly Net result for the year (+€198,399) and Receivables within one year (+€143,311)
- Tangible fixed assets -€18,066
down €18,066 (-39.7%), from €45,464 to €27,397
of which Furniture and vehicles: -€17,666
- Reserves -€101,601
down €101,601 (-33.2%), from €306,345 to €204,743
- Tax, wage and social debts +€29,239
up €29,239 (+405%), from €7,225 to €36,464
of which Taxes: +€31,439
- Current portion of long-term debt -€12,546
down €12,546 (-74.8%), from €16,781 to €4,234
- Debts after one year -€4,234
down €4,234 (-100%), from €4,234 to €0
- Gross operating margin +€113,187
up €113,187 (+66.5%), from €170,274 to €283,461
- Taxes +€28,927
up €28,927 (+82.0%), from €35,290 to €64,217
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 | €353,019 | €266,213 | -€86,805 | -24.6% |
| Fixed assets | 21/28 | €45,464 | €27,397 | -€18,066 | -39.7% |
| Tangible fixed assets | 22/27 | €45,464 | €27,397 | -€18,066 | -39.7% |
| Plant, machinery and equipment | 23 | €1,703 | €1,303 | -€400 | -23.5% |
| Furniture and vehicles | 24 | €43,761 | €26,094 | -€17,666 | -40.4% |
| Current assets | 29/58 | €307,555 | €238,816 | -€68,739 | -22.4% |
| Amounts receivable within one year | 40/41 | €143,311 | €0 | -€143,311 | -100% |
| Trade receivables | 40 | €56,834 | €0 | -€56,834 | -100% |
| Other amounts receivable | 41 | €86,477 | €0 | -€86,477 | -100% |
| Cash at bank and in hand | 54/58 | €163,364 | €237,887 | +€74,523 | +45.6% |
| Deferred charges and accrued income | 490/1 | €880 | €929 | +€49 | +5.6% |
| Total equity and liabilities | 10/49 | €353,019 | €266,213 | -€86,805 | -24.6% |
| Equity | 10/15 | €307,345 | €205,743 | -€101,601 | -33.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €306,345 | €204,743 | -€101,601 | -33.2% |
| Distributable reserves | 133 | €306,345 | €204,743 | -€101,601 | -33.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,674 | €60,470 | +€14,796 | +32.4% |
| Amounts payable after more than one year | 17 | €4,234 | €0 | -€4,234 | -100% |
| Financial debts | 170/4 | €4,234 | €0 | -€4,234 | -100% |
| Amounts payable within one year | 42/48 | €40,861 | €59,891 | +€19,031 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €16,781 | €4,234 | -€12,546 | -74.8% |
| Trade debts | 44 | €527 | €724 | +€197 | +37.4% |
| Suppliers | 440/4 | €527 | €724 | +€197 | +37.4% |
| Taxes, remuneration and social security | 45 | €7,225 | €36,464 | +€29,239 | +405% |
| Taxes | 450/3 | €5,025 | €36,464 | +€31,439 | +626% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts payable | 47/48 | €16,328 | €18,469 | +€2,141 | +13.1% |
| Accrued charges and deferred income | 492/3 | €579 | €579 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,744 | €18,066 | +€1,323 | +7.9% |
| Other operating charges | 640/8 | €1,507 | €1,199 | -€309 | -20.5% |
| Gross operating margin | 9900 | €170,274 | €283,461 | +€113,187 | +66.5% |
| Operating profit (loss) | 9901 | €152,023 | €264,196 | +€112,173 | +73.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,606 | €1,580 | -€26 | -1.6% |
| Recurring financial charges | 65 | €1,606 | €1,580 | -€26 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €150,417 | €262,615 | +€112,198 | +74.6% |
| Income taxes | 67/77 | €35,290 | €64,217 | +€28,927 | +82.0% |
| Profit (loss) for the period | 9904 | €115,127 | €198,399 | +€83,272 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,127 | €198,399 | +€83,272 | +72.3% |
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 23 October 2026 via checked.be.