CREATE: 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.
CREATE
Largest movements
- Receivables within one year +€420,277
up €420,277 (+42.5%), from €989,469 to €1.4m
of which Trade receivables: +€285,914
- Cash +€211,494
up €211,494 (+132%), from €159,783 to €371,277
mainly Trade debts (+€328,409) and Net result for the year (+€156,929)
- Trade debts +€328,409
up €328,409 (+249%), from €131,945 to €460,354
- Other debts +€99,655
up €99,655 (+28,911%), from €345 to €100,000
- Short-term financial debts +€89,048
up €89,048 (+16.4%), from €542,603 to €631,651
- Profit (loss) carried forward +€56,929
up €56,929 (+15.5%), from €367,028 to €423,957
- Debts after one year +€36,879
up €36,879 (+58.2%), from €63,415 to €100,294
- Gross operating margin +€152,790
up €152,790 (+50.2%), from €304,341 to €457,131
- Staff costs +€70,048
up €70,048 (+161%), from €43,586 to €113,634
- Taxes +€25,115
up €25,115 (+45.7%), from €54,902 to €80,017
- Financial charges +€20,015
up €20,015 (+67.9%), from €29,471 to €49,487
- Depreciation +€11,935
up €11,935 (+32.2%), from €37,055 to €48,991
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,305,234 | €1,938,229 | +€632,995 | +48.5% |
| Fixed assets | 21/28 | €155,981 | €157,206 | +€1,225 | +0.8% |
| Intangible fixed assets | 21 | €6,254 | €3,851 | -€2,403 | -38.4% |
| Tangible fixed assets | 22/27 | €142,607 | €138,870 | -€3,737 | -2.6% |
| Plant, machinery and equipment | 23 | €20,952 | €30,646 | +€9,695 | +46.3% |
| Furniture and vehicles | 24 | €121,655 | €108,224 | -€13,431 | -11.0% |
| Financial fixed assets | 28 | €7,121 | €14,485 | +€7,364 | +103% |
| Current assets | 29/58 | €1,149,253 | €1,781,023 | +€631,771 | +55.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €989,469 | €1,409,746 | +€420,277 | +42.5% |
| Trade receivables | 40 | €781,168 | €1,067,082 | +€285,914 | +36.6% |
| Other amounts receivable | 41 | €208,301 | €342,664 | +€134,363 | +64.5% |
| Cash at bank and in hand | 54/58 | €159,783 | €371,277 | +€211,494 | +132% |
| Total equity and liabilities | 10/49 | €1,305,234 | €1,938,229 | +€632,995 | +48.5% |
| Equity | 10/15 | €467,528 | €524,457 | +€56,929 | +12.2% |
| Contributions | 10/11 | €100,500 | €100,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,028 | €423,957 | +€56,929 | +15.5% |
| Amounts payable | 17/49 | €837,706 | €1,413,772 | +€576,066 | +68.8% |
| Amounts payable after more than one year | 17 | €63,415 | €100,294 | +€36,879 | +58.2% |
| Financial debts | 170/4 | €63,415 | €100,294 | +€36,879 | +58.2% |
| Amounts payable within one year | 42/48 | €774,291 | €1,313,478 | +€539,187 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €84,809 | €104,840 | +€20,031 | +23.6% |
| Financial debts | 43 | €542,603 | €631,651 | +€89,048 | +16.4% |
| Credit institutions | 430/8 | €542,603 | €631,651 | +€89,048 | +16.4% |
| Trade debts | 44 | €131,945 | €460,354 | +€328,409 | +249% |
| Suppliers | 440/4 | €131,945 | €460,354 | +€328,409 | +249% |
| Taxes, remuneration and social security | 45 | €14,590 | €16,633 | +€2,043 | +14.0% |
| Taxes | 450/3 | €7,155 | €1,323 | -€5,832 | -81.5% |
| Remuneration and social security | 454/9 | €7,435 | €15,310 | +€7,875 | +106% |
| Other amounts payable | 47/48 | €345 | €100,000 | +€99,655 | +28,911% |
| Remuneration, social security and pensions | 62 | €43,586 | €113,634 | +€70,048 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,055 | €48,991 | +€11,935 | +32.2% |
| Other operating charges | 640/8 | €11,391 | €8,912 | -€2,479 | -21.8% |
| Gross operating margin | 9900 | €304,341 | €457,131 | +€152,790 | +50.2% |
| Operating profit (loss) | 9901 | €212,310 | €285,595 | +€73,285 | +34.5% |
| Financial income | 75/76B | €4,135 | €838 | -€3,297 | -79.7% |
| Recurring financial income | 75 | €4,135 | €838 | -€3,297 | -79.7% |
| Financial charges | 65/66B | €29,471 | €49,487 | +€20,015 | +67.9% |
| Recurring financial charges | 65 | €29,471 | €49,487 | +€20,015 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €186,973 | €236,946 | +€49,973 | +26.7% |
| Income taxes | 67/77 | €54,902 | €80,017 | +€25,115 | +45.7% |
| Profit (loss) for the period | 9904 | €132,072 | €156,929 | +€24,858 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,072 | €156,929 | +€24,858 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.