SV CREATIO: 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.
SV CREATIO
Largest movements
- Tangible fixed assets -€11,525
down €11,525 (-27.3%), from €42,224 to €30,699
- Receivables within one year +€3,955
up €3,955 (+27.9%), from €14,185 to €18,139
of which Trade receivables: +€2,293
- Cash -€3,810
down €3,810 (-6.1%), from €62,456 to €58,646
mainly Trade debts (-€35,738) and Contributions, distributions and other (-€30,000)
- Trade debts -€35,738
down €35,738 (-99.4%), from €35,948 to €210
- Other debts +€13,847
up €13,847 (+78.4%), from €17,663 to €31,510
- Debts after one year +€10,780
new in 2025: €10,780
- Tax, wage and social debts -€6,007
down €6,007 (-44.7%), from €13,446 to €7,439
- Current portion of long-term debt +€4,891
new in 2025: €4,891
- Depreciation +€5,430
up €5,430 (+89.1%), from €6,095 to €11,525
- Gross operating margin +€3,308
up €3,308 (+7.0%), from €47,412 to €50,720
- Other operating charges +€837
up €837 (+289%), from €290 to €1,126
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.
Derived cash bridge
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 | €129,664 | €118,284 | -€11,380 | -8.8% |
| Fixed assets | 21/28 | €42,224 | €30,699 | -€11,525 | -27.3% |
| Tangible fixed assets | 22/27 | €42,224 | €30,699 | -€11,525 | -27.3% |
| Plant, machinery and equipment | 23 | €5,685 | - | -€5,685 | |
| Furniture and vehicles | 24 | €35,606 | €30,080 | -€5,526 | -15.5% |
| Other tangible fixed assets | 26 | €933 | €619 | -€314 | -33.7% |
| Current assets | 29/58 | €87,440 | €87,585 | +€145 | +0.2% |
| Stocks and contracts in progress | 3 | €10,800 | €10,800 | = | 0.0% |
| Stocks | 30/36 | €10,800 | €10,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,185 | €18,139 | +€3,955 | +27.9% |
| Trade receivables | 40 | €14,157 | €16,450 | +€2,293 | +16.2% |
| Other amounts receivable | 41 | €28 | €1,689 | +€1,662 | +6,036% |
| Cash at bank and in hand | 54/58 | €62,456 | €58,646 | -€3,810 | -6.1% |
| Total equity and liabilities | 10/49 | €129,664 | €118,284 | -€11,380 | -8.8% |
| Equity | 10/15 | €62,607 | €60,701 | -€1,906 | -3.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €62,107 | €60,201 | -€1,906 | -3.1% |
| Distributable reserves | 133 | €62,107 | €60,201 | -€1,906 | -3.1% |
| Amounts payable | 17/49 | €67,057 | €57,582 | -€9,474 | -14.1% |
| Amounts payable after more than one year | 17 | - | €10,780 | +€10,780 | |
| Financial debts | 170/4 | - | €10,780 | +€10,780 | |
| Amounts payable within one year | 42/48 | €67,057 | €44,102 | -€22,954 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,891 | +€4,891 | |
| Financial debts | 43 | - | €53 | +€53 | |
| Credit institutions | 430/8 | - | €53 | +€53 | |
| Trade debts | 44 | €35,948 | €210 | -€35,738 | -99.4% |
| Suppliers | 440/4 | €35,948 | €210 | -€35,738 | -99.4% |
| Taxes, remuneration and social security | 45 | €13,446 | €7,439 | -€6,007 | -44.7% |
| Taxes | 450/3 | €13,446 | €7,439 | -€6,007 | -44.7% |
| Other amounts payable | 47/48 | €17,663 | €31,510 | +€13,847 | +78.4% |
| Accrued charges and deferred income | 492/3 | - | €2,700 | +€2,700 | |
| Remuneration, social security and pensions | 62 | - | €473 | +€473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,095 | €11,525 | +€5,430 | +89.1% |
| Other operating charges | 640/8 | €290 | €1,126 | +€837 | +289% |
| Gross operating margin | 9900 | €47,412 | €50,720 | +€3,308 | +7.0% |
| Operating profit (loss) | 9901 | €41,027 | €37,596 | -€3,432 | -8.4% |
| Financial income | 75/76B | €0 | €10 | +€10 | +6,693% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +6,693% |
| Financial charges | 65/66B | €1,588 | €1,253 | -€334 | -21.1% |
| Recurring financial charges | 65 | €1,588 | €1,253 | -€334 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €39,440 | €36,352 | -€3,087 | -7.8% |
| Income taxes | 67/77 | €7,976 | €8,259 | +€283 | +3.5% |
| Profit (loss) for the period | 9904 | €31,464 | €28,094 | -€3,370 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,464 | €28,094 | -€3,370 | -10.7% |
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 25 October 2026 via checked.be.