CREA: what changed
CREA
Largest movements
- Receivables within one year +€28,666
up €28,666 (+45.0%), from €63,748 to €92,415
of which Other amounts receivable: +€19,166
- Cash -€15,373
down €15,373 (-24.4%), from €62,998 to €47,625
mainly Receivables within one year (-€28,666) and Tax, wage and social debts (-€3,178)
- Reserves +€15,823
up €15,823 (+6.3%), from €251,544 to €267,368
- Tax, wage and social debts -€3,178
down €3,178 (-30.2%), from €10,528 to €7,350
of which Taxes: -€3,594
- Gross operating margin +€21,364
up €21,364, from -€2,695 to €18,668
- Taxes +€5,518
up €5,518 (+205%), from €2,696 to €8,215
- Other operating charges +€1,512
up €1,512 (+390%), from €387 to €1,900
- Financial income -€397
down €397 (-4.6%), from €8,712 to €8,315
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,502 | €290,859 | +€12,357 | +4.4% |
| Fixed assets | 21/28 | €1,452 | €544 | -€908 | -62.5% |
| Tangible fixed assets | 22/27 | €1,452 | €544 | -€908 | -62.5% |
| Plant, machinery and equipment | 23 | €350 | €204 | -€146 | -41.8% |
| Furniture and vehicles | 24 | €1,102 | €340 | -€762 | -69.1% |
| Current assets | 29/58 | €277,050 | €290,315 | +€13,265 | +4.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,748 | €92,415 | +€28,666 | +45.0% |
| Trade receivables | 40 | €17,377 | €26,877 | +€9,500 | +54.7% |
| Other amounts receivable | 41 | €46,371 | €65,537 | +€19,166 | +41.3% |
| Cash at bank and in hand | 54/58 | €62,998 | €47,625 | -€15,373 | -24.4% |
| Deferred charges and accrued income | 490/1 | €303 | €275 | -€28 | -9.1% |
| Total equity and liabilities | 10/49 | €278,502 | €290,859 | +€12,357 | +4.4% |
| Equity | 10/15 | €267,657 | €283,481 | +€15,823 | +5.9% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €251,544 | €267,368 | +€15,823 | +6.3% |
| Distributable reserves | 133 | €251,544 | €267,368 | +€15,823 | +6.3% |
| Amounts payable | 17/49 | €10,844 | €7,378 | -€3,466 | -32.0% |
| Amounts payable within one year | 42/48 | €10,844 | €7,378 | -€3,466 | -32.0% |
| Trade debts | 44 | €316 | €28 | -€288 | -91.2% |
| Suppliers | 440/4 | €316 | €28 | -€288 | -91.2% |
| Taxes, remuneration and social security | 45 | €10,528 | €7,350 | -€3,178 | -30.2% |
| Taxes | 450/3 | €8,033 | €4,439 | -€3,594 | -44.7% |
| Remuneration and social security | 454/9 | €2,495 | €2,911 | +€416 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850 | €908 | +€58 | +6.8% |
| Other operating charges | 640/8 | €387 | €1,900 | +€1,512 | +390% |
| Gross operating margin | 9900 | -€2,695 | €18,668 | +€21,364 | |
| Operating profit (loss) | 9901 | -€3,933 | €15,861 | +€19,794 | |
| Financial income | 75/76B | €8,712 | €8,315 | -€397 | -4.6% |
| Recurring financial income | 75 | €8,712 | €8,315 | -€397 | -4.6% |
| Financial charges | 65/66B | €146 | €137 | -€9 | -6.2% |
| Recurring financial charges | 65 | €146 | €137 | -€9 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €4,632 | €24,038 | +€19,405 | +419% |
| Income taxes | 67/77 | €2,696 | €8,215 | +€5,518 | +205% |
| Profit (loss) for the period | 9904 | €1,936 | €15,823 | +€13,887 | +717% |
| Profit (loss) for the period to be appropriated | 9905 | €1,936 | €15,823 | +€13,887 | +717% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.