CREOS: 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.
CREOS
Largest movements
- Cash +€37,779
up €37,779 (+243.7%), from €15,504 to €53,283
mainly Depreciation (+€25,045) and Net result for the year (+€13,161)
- Tangible fixed assets -€20,192
down €20,192 (-15.3%), from €131,946 to €111,754
of which Furniture and vehicles: -€16,874
- Deferred charges and accrued income -€9,477
down €9,477 (-77.8%), from €12,175 to €2,698
- Receivables within one year -€3,632
down €3,632 (-63.6%), from €5,713 to €2,081
of which Other amounts receivable: -€4,119
- Other debts -€13,669
down €13,669 (-32.7%), from €41,798 to €28,129
- Profit (loss) carried forward +€13,161
up €13,161 (+11.0%), from €119,709 to €132,870
- Tax, wage and social debts +€3,217
new in 2025: €3,217
- Trade debts +€2,769
up €2,769 (+118.3%), from €2,341 to €5,110
- Gross operating margin +€23,107
up €23,107 (+91.4%), from €25,281 to €48,388
- Staff costs +€8,100
new in 2025: €8,100
- Depreciation -€6,184
down €6,184 (-19.8%), from €31,229 to €25,045
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 | €185,458 | €189,936 | +€4,478 | +2.4% |
| Fixed assets | 21/28 | €131,946 | €111,754 | -€20,192 | -15.3% |
| Tangible fixed assets | 22/27 | €131,946 | €111,754 | -€20,192 | -15.3% |
| Land and buildings | 22 | €52,807 | €50,433 | -€2,374 | -4.5% |
| Plant, machinery and equipment | 23 | €23,834 | €22,890 | -€944 | -4.0% |
| Furniture and vehicles | 24 | €55,305 | €38,431 | -€16,874 | -30.5% |
| Current assets | 29/58 | €53,512 | €78,182 | +€24,670 | +46.1% |
| Stocks and contracts in progress | 3 | €20,120 | €20,120 | = | 0.0% |
| Stocks | 30/36 | €20,120 | €20,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,713 | €2,081 | -€3,632 | -63.6% |
| Trade receivables | 40 | €1,319 | €1,806 | +€487 | +36.9% |
| Other amounts receivable | 41 | €4,394 | €275 | -€4,119 | -93.7% |
| Cash at bank and in hand | 54/58 | €15,504 | €53,283 | +€37,779 | +243.7% |
| Deferred charges and accrued income | 490/1 | €12,175 | €2,698 | -€9,477 | -77.8% |
| Total equity and liabilities | 10/49 | €185,458 | €189,936 | +€4,478 | +2.4% |
| Equity | 10/15 | €140,319 | €153,480 | +€13,161 | +9.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €12,550 | €12,550 | = | 0.0% |
| Distributable reserves | 133 | €12,550 | €12,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,709 | €132,870 | +€13,161 | +11.0% |
| Amounts payable | 17/49 | €45,139 | €36,456 | -€8,683 | -19.2% |
| Amounts payable within one year | 42/48 | €45,139 | €36,456 | -€8,683 | -19.2% |
| Trade debts | 44 | €2,341 | €5,110 | +€2,769 | +118.3% |
| Suppliers | 440/4 | €2,341 | €5,110 | +€2,769 | +118.3% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | - | €3,217 | +€3,217 | |
| Taxes | 450/3 | - | €3,217 | +€3,217 | |
| Other amounts payable | 47/48 | €41,798 | €28,129 | -€13,669 | -32.7% |
| Remuneration, social security and pensions | 62 | - | €8,100 | +€8,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,229 | €25,045 | -€6,184 | -19.8% |
| Other operating charges | 640/8 | €2,080 | €2,197 | +€117 | +5.6% |
| Gross operating margin | 9900 | €25,281 | €48,388 | +€23,107 | +91.4% |
| Operating profit (loss) | 9901 | -€8,028 | €13,046 | +€21,074 | |
| Financial income | 75/76B | €69 | €115 | +€46 | +66.7% |
| Recurring financial income | 75 | €69 | €115 | +€46 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,959 | €13,161 | +€21,120 | |
| Profit (loss) for the period | 9904 | -€7,959 | €13,161 | +€21,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,959 | €13,161 | +€21,120 |
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.