Creosum: what changed
Creosum
Largest movements
- Stocks and contracts +€79,381
up €79,381 (+732%), from €10,851 to €90,232
- Receivables within one year -€28,337
down €28,337 (-38.9%), from €72,781 to €44,444
of which Other amounts receivable: -€15,241
- Cash +€15,005
up €15,005 (+49.2%), from €30,503 to €45,507
mainly Trade debts (+€51,275) and Receivables within one year (+€28,337)
- Financial fixed assets +€4,164
new in 2025: €4,164
- Trade debts +€51,275
up €51,275 (+63.6%), from €80,637 to €131,912
- Reserves +€10,400
up €10,400 (+11.2%), from €92,715 to €103,115
of which Distributable reserves: +€10,400
- Tax, wage and social debts +€9,353
up €9,353 (+263%), from €3,561 to €12,913
of which Taxes: +€5,481
- Other debts -€4,729
down €4,729 (-67.1%), from €7,048 to €2,319
- Depreciation -€21,865
down €21,865 (-78.2%), from €27,967 to €6,103
- Gross operating margin -€10,267
down €10,267 (-15.1%), from €68,046 to €57,779
- Staff costs +€7,171
up €7,171 (+27.6%), from €25,963 to €33,134
- Financial charges -€4,252
down €4,252 (-84.1%), from €5,053 to €802
- Taxes +€3,376
up €3,376 (+185%), from €1,821 to €5,197
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,587 | €268,935 | +€66,347 | +32.8% |
| Fixed assets | 21/28 | €23,672 | €25,229 | +€1,556 | +6.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €23,672 | €21,065 | -€2,608 | -11.0% |
| Land and buildings | 22 | €7,920 | €5,940 | -€1,980 | -25.0% |
| Plant, machinery and equipment | 23 | €11,291 | €12,510 | +€1,220 | +10.8% |
| Furniture and vehicles | 24 | €4,461 | €2,614 | -€1,847 | -41.4% |
| Financial fixed assets | 28 | - | €4,164 | +€4,164 | |
| Current assets | 29/58 | €178,915 | €243,706 | +€64,791 | +36.2% |
| Amounts receivable after more than one year | 29 | €46,000 | €46,000 | = | 0.0% |
| Other amounts receivable | 291 | €46,000 | €46,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,851 | €90,232 | +€79,381 | +732% |
| Contracts in progress | 37 | €10,851 | €90,232 | +€79,381 | +732% |
| Amounts receivable within one year | 40/41 | €72,781 | €44,444 | -€28,337 | -38.9% |
| Trade receivables | 40 | €53,680 | €40,583 | -€13,097 | -24.4% |
| Other amounts receivable | 41 | €19,101 | €3,861 | -€15,241 | -79.8% |
| Current investments | 50/53 | €17,172 | €17,172 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,503 | €45,507 | +€15,005 | +49.2% |
| Deferred charges and accrued income | 490/1 | €1,608 | €351 | -€1,257 | -78.2% |
| Total equity and liabilities | 10/49 | €202,587 | €268,935 | +€66,347 | +32.8% |
| Equity | 10/15 | €111,341 | €121,790 | +€10,449 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,715 | €103,115 | +€10,400 | +11.2% |
| Non-distributable reserves | 130/1 | €17,172 | €17,172 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,172 | €17,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,865 | €10,865 | = | 0.0% |
| Distributable reserves | 133 | €64,678 | €75,078 | +€10,400 | +16.1% |
| Profit (loss) carried forward | 14 | €26 | €75 | +€49 | +185% |
| Amounts payable | 17/49 | €91,246 | €147,145 | +€55,899 | +61.3% |
| Amounts payable within one year | 42/48 | €91,246 | €147,145 | +€55,899 | +61.3% |
| Trade debts | 44 | €80,637 | €131,912 | +€51,275 | +63.6% |
| Suppliers | 440/4 | €80,637 | €131,912 | +€51,275 | +63.6% |
| Taxes, remuneration and social security | 45 | €3,561 | €12,913 | +€9,353 | +263% |
| Taxes | 450/3 | - | €5,481 | +€5,481 | |
| Remuneration and social security | 454/9 | €3,561 | €7,432 | +€3,872 | +109% |
| Other amounts payable | 47/48 | €7,048 | €2,319 | -€4,729 | -67.1% |
| Non-recurring operating income | 76A | €2,593 | - | -€2,593 | |
| Remuneration, social security and pensions | 62 | €25,963 | €33,134 | +€7,171 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,967 | €6,103 | -€21,865 | -78.2% |
| Other operating charges | 640/8 | €3,178 | €5,077 | +€1,900 | +59.8% |
| Non-recurring operating charges | 66A | €6,863 | - | -€6,863 | |
| Gross operating margin | 9900 | €68,046 | €57,779 | -€10,267 | -15.1% |
| Operating profit (loss) | 9901 | €4,076 | €13,466 | +€9,390 | +230% |
| Financial income | 75/76B | €2,492 | €2,982 | +€490 | +19.7% |
| Recurring financial income | 75 | €2,492 | €2,982 | +€490 | +19.7% |
| Financial charges | 65/66B | €5,053 | €802 | -€4,252 | -84.1% |
| Recurring financial charges | 65 | €5,053 | €802 | -€4,252 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €1,514 | €15,646 | +€14,132 | +934% |
| Income taxes | 67/77 | €1,821 | €5,197 | +€3,376 | +185% |
| Profit (loss) for the period | 9904 | -€307 | €10,449 | +€10,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€307 | €10,449 | +€10,756 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.