CREUS: what changed
Two fiscal 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.
CREUS
Largest movements
- Receivables within one year +€138,003
up €138,003 (+460.6%), from €29,965 to €167,968
of which Trade receivables: +€134,727
- Cash -€86,609
down €86,609 (-59.5%), from €145,668 to €59,059
mainly Receivables within one year (-€138,003) and Other debts (-€44,544)
- Stocks and contracts -€33,232
down €33,232 (-25.8%), from €128,690 to €95,458
- Deferred charges and accrued income -€31,556
no longer reported in 2025 (was €31,556)
- Trade debts +€77,925
up €77,925 (+74.7%), from €104,385 to €182,310
- Other debts -€44,544
down €44,544 (-97.4%), from €45,748 to €1,204
- Tax, wage and social debts -€31,548
down €31,548 (-51.3%), from €61,549 to €30,001
of which Remuneration and social security: -€20,652
- Profit (loss) carried forward -€16,092
down €16,092 (-15.2%), from €106,161 to €90,069
- Other operating charges +€4,747
up €4,747 (+119.8%), from €3,961 to €8,707
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 | €339,449 | €325,191 | -€14,259 | -4.2% |
| Fixed assets | 21/28 | €3,570 | €2,705 | -€865 | -24.2% |
| Tangible fixed assets | 22/27 | €1,800 | €935 | -€865 | -48.0% |
| Plant, machinery and equipment | 23 | €339 | €102 | -€237 | -69.8% |
| Furniture and vehicles | 24 | €1,461 | €833 | -€628 | -43.0% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €335,879 | €322,485 | -€13,394 | -4.0% |
| Stocks and contracts in progress | 3 | €128,690 | €95,458 | -€33,232 | -25.8% |
| Stocks | 30/36 | €128,690 | €95,458 | -€33,232 | -25.8% |
| Amounts receivable within one year | 40/41 | €29,965 | €167,968 | +€138,003 | +460.6% |
| Trade receivables | 40 | €12,242 | €146,968 | +€134,727 | +1100.5% |
| Other amounts receivable | 41 | €17,723 | €21,000 | +€3,277 | +18.5% |
| Cash at bank and in hand | 54/58 | €145,668 | €59,059 | -€86,609 | -59.5% |
| Deferred charges and accrued income | 490/1 | €31,556 | - | -€31,556 | |
| Total equity and liabilities | 10/49 | €339,449 | €325,191 | -€14,259 | -4.2% |
| Equity | 10/15 | €127,768 | €111,676 | -€16,092 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,007 | €3,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,007 | €3,007 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,007 | €3,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,161 | €90,069 | -€16,092 | -15.2% |
| Amounts payable | 17/49 | €211,682 | €213,514 | +€1,833 | +0.9% |
| Amounts payable within one year | 42/48 | €211,682 | €213,514 | +€1,833 | +0.9% |
| Trade debts | 44 | €104,385 | €182,310 | +€77,925 | +74.7% |
| Suppliers | 440/4 | €104,385 | €182,310 | +€77,925 | +74.7% |
| Taxes, remuneration and social security | 45 | €61,549 | €30,001 | -€31,548 | -51.3% |
| Taxes | 450/3 | €12,286 | €1,390 | -€10,896 | -88.7% |
| Remuneration and social security | 454/9 | €49,263 | €28,611 | -€20,652 | -41.9% |
| Other amounts payable | 47/48 | €45,748 | €1,204 | -€44,544 | -97.4% |
| Remuneration, social security and pensions | 62 | €373,666 | €375,035 | +€1,369 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,267 | €865 | -€403 | -31.8% |
| Other operating charges | 640/8 | €3,961 | €8,707 | +€4,747 | +119.8% |
| Gross operating margin | 9900 | €377,881 | €379,215 | +€1,333 | +0.4% |
| Operating profit (loss) | 9901 | -€1,013 | -€5,392 | -€4,380 | -432.6% |
| Financial income | 75/76B | €0 | €75 | +€75 | +22772.7% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +22772.7% |
| Financial charges | 65/66B | €7,222 | €10,775 | +€3,553 | +49.2% |
| Recurring financial charges | 65 | €7,222 | €10,775 | +€3,553 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,234 | -€16,092 | -€7,857 | -95.4% |
| Income taxes | 67/77 | €1,014 | - | -€1,014 | |
| Profit (loss) for the period | 9904 | -€9,248 | -€16,092 | -€6,844 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,248 | -€16,092 | -€6,844 | -74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.