CREOR: 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.
CREOR
Largest movements
- Cash -€10,168
down €10,168 (-23.4%), from €43,433 to €33,266
mainly Tax, wage and social debts (-€12,071) and Investment in fixed assets (net) (-€7,000)
- Tangible fixed assets +€5,625
up €5,625 (+52.3%), from €10,763 to €16,388
of which Plant, machinery and equipment: +€6,128
- Receivables within one year -€938
down €938 (-10.0%), from €9,331 to €8,394
of which Trade receivables: -€937
- Tax, wage and social debts -€12,071
down €12,071 (-78.6%), from €15,362 to €3,292
- Trade debts +€3,221
up €3,221 (+10.5%), from €30,726 to €33,947
- Other debts +€3,132
up €3,132 (+92.8%), from €3,374 to €6,506
- Reserves +€1,792
up €1,792 (+27.5%), from €6,511 to €8,303
- Short-term financial debts -€1,554
no longer reported in 2024 (was €1,554)
- Gross operating margin -€3,666
down €3,666 (-43.9%), from €8,353 to €4,687
- Other operating charges +€757
up €757 (+125.5%), from €603 to €1,359
- Depreciation +€657
up €657 (+91.4%), from €719 to €1,375
- Financial charges -€386
down €386 (-69.6%), from €555 to €169
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,528 | €58,047 | -€5,481 | -8.6% |
| Fixed assets | 21/28 | €10,763 | €16,388 | +€5,625 | +52.3% |
| Tangible fixed assets | 22/27 | €10,763 | €16,388 | +€5,625 | +52.3% |
| Land and buildings | 22 | €9,739 | €9,236 | -€503 | -5.2% |
| Plant, machinery and equipment | 23 | €1,024 | €7,152 | +€6,128 | +598.5% |
| Current assets | 29/58 | €52,765 | €41,659 | -€11,105 | -21.0% |
| Amounts receivable within one year | 40/41 | €9,331 | €8,394 | -€938 | -10.0% |
| Trade receivables | 40 | €9,330 | €8,394 | -€937 | -10.0% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €43,433 | €33,266 | -€10,168 | -23.4% |
| Total equity and liabilities | 10/49 | €63,528 | €58,047 | -€5,481 | -8.6% |
| Equity | 10/15 | €12,511 | €14,303 | +€1,792 | +14.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €6,511 | €8,303 | +€1,792 | +27.5% |
| Distributable reserves | 133 | €6,511 | €8,303 | +€1,792 | +27.5% |
| Amounts payable | 17/49 | €51,017 | €43,744 | -€7,272 | -14.3% |
| Amounts payable within one year | 42/48 | €51,017 | €43,744 | -€7,272 | -14.3% |
| Financial debts | 43 | €1,554 | - | -€1,554 | |
| Credit institutions | 430/8 | €1,554 | - | -€1,554 | |
| Trade debts | 44 | €30,726 | €33,947 | +€3,221 | +10.5% |
| Suppliers | 440/4 | €30,726 | €33,947 | +€3,221 | +10.5% |
| Taxes, remuneration and social security | 45 | €15,362 | €3,292 | -€12,071 | -78.6% |
| Taxes | 450/3 | €15,362 | €3,292 | -€12,071 | -78.6% |
| Other amounts payable | 47/48 | €3,374 | €6,506 | +€3,132 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €1,375 | +€657 | +91.4% |
| Other operating charges | 640/8 | €603 | €1,359 | +€757 | +125.5% |
| Gross operating margin | 9900 | €8,353 | €4,687 | -€3,666 | -43.9% |
| Operating profit (loss) | 9901 | €7,032 | €1,953 | -€5,079 | -72.2% |
| Financial income | 75/76B | €35 | €8 | -€27 | -77.3% |
| Recurring financial income | 75 | €35 | €8 | -€27 | -77.3% |
| Financial charges | 65/66B | €555 | €169 | -€386 | -69.6% |
| Recurring financial charges | 65 | €555 | €169 | -€386 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €6,511 | €1,792 | -€4,720 | -72.5% |
| Profit (loss) for the period | 9904 | €6,511 | €1,792 | -€4,720 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,511 | €1,792 | -€4,720 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.