M-CREALIS: 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.
M-CREALIS
Largest movements
- Receivables within one year -€5,034
down €5,034 (-98.4%), from €5,118 to €84
- Other debts +€41,450
up €41,450 (+30.0%), from €137,988 to €179,438
- Trade debts -€28,328
no longer reported in 2025 (was €28,328)
- Debts after one year -€16,112
down €16,112 (-79.9%), from €20,165 to €4,053
- Profit (loss) carried forward -€2,072
down €2,072 (-3.0%), from -€68,085 to -€70,157
- Gross operating margin +€24,136
up €24,136 (+96.6%), from -€24,983 to -€847
- Other operating charges +€330
up €330 (+85.3%), from €387 to €718
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 | €141,340 | €136,719 | -€4,621 | -3.3% |
| Fixed assets | 21/28 | €135,000 | €135,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,000 | €135,000 | = | 0.0% |
| Land and buildings | 22 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €6,340 | €1,719 | -€4,621 | -72.9% |
| Amounts receivable within one year | 40/41 | €5,118 | €84 | -€5,034 | -98.4% |
| Other amounts receivable | 41 | €5,118 | €84 | -€5,034 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,222 | €1,635 | +€413 | +33.8% |
| Total equity and liabilities | 10/49 | €141,340 | €136,719 | -€4,621 | -3.3% |
| Equity | 10/15 | -€61,885 | -€63,957 | -€2,072 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,085 | -€70,157 | -€2,072 | -3.0% |
| Amounts payable | 17/49 | €203,225 | €200,676 | -€2,549 | -1.3% |
| Amounts payable after more than one year | 17 | €20,165 | €4,053 | -€16,112 | -79.9% |
| Financial debts | 170/4 | €20,165 | €4,053 | -€16,112 | -79.9% |
| Amounts payable within one year | 42/48 | €182,276 | €195,551 | +€13,275 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €15,960 | €16,112 | +€153 | +1.0% |
| Trade debts | 44 | €28,328 | - | -€28,328 | |
| Suppliers | 440/4 | €28,328 | - | -€28,328 | |
| Other amounts payable | 47/48 | €137,988 | €179,438 | +€41,450 | +30.0% |
| Accrued charges and deferred income | 492/3 | €784 | €1,072 | +€288 | +36.8% |
| Other operating charges | 640/8 | €387 | €718 | +€330 | +85.3% |
| Gross operating margin | 9900 | -€24,983 | -€847 | +€24,136 | +96.6% |
| Operating profit (loss) | 9901 | -€25,371 | -€1,565 | +€23,806 | +93.8% |
| Financial charges | 65/66B | €581 | €506 | -€75 | -12.8% |
| Recurring financial charges | 65 | €581 | €506 | -€75 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,952 | -€2,072 | +€23,880 | +92.0% |
| Profit (loss) for the period | 9904 | -€25,952 | -€2,072 | +€23,880 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,952 | -€2,072 | +€23,880 | +92.0% |
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 12 October 2026 via checked.be.