AR Creaties: 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.
AR Creaties
Largest movements
- Receivables within one year -€554,079
down €554,079 (-89.1%), from €622,111 to €68,032
of which Other amounts receivable: -€503,651
- Tangible fixed assets -€19,623
down €19,623 (-23.2%), from €84,604 to €64,981
of which Leasing and similar rights: -€13,375
- Deferred charges and accrued income +€15,290
up €15,290 (+263.5%), from €5,804 to €21,094
- Stocks and contracts +€12,638
up €12,638 (+6.1%), from €205,991 to €218,628
- Cash +€11,326
up €11,326 (+360.5%), from €3,142 to €14,468
mainly Receivables within one year (+€554,079) and Other debts (+€87,417)
- Profit (loss) carried forward -€295,576
down €295,576 (-108.7%), from -€271,844 to -€567,420
- Other debts +€87,417
up €87,417 (+13.9%), from €627,983 to €715,399
- Trade debts -€77,999
down €77,999 (-79.4%), from €98,206 to €20,208
- Debts after one year -€76,586
down €76,586 (-48.0%), from €159,586 to €83,000
- Short-term financial debts -€66,009
down €66,009 (-100.0%), from €66,009 to €0
of which Credit institutions: -€65,000
- Gross operating margin -€346,958
down €346,958, from €281,626 to -€65,333
- Staff costs -€85,111
down €85,111 (-36.7%), from €231,610 to €146,499
- Depreciation -€7,400
down €7,400 (-20.1%), from €36,830 to €29,429
- Financial charges +€7,242
up €7,242 (+27.7%), from €26,107 to €33,349
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 | €921,930 | €387,483 | -€534,448 | -58.0% |
| Fixed assets | 21/28 | €84,884 | €65,261 | -€19,623 | -23.1% |
| Tangible fixed assets | 22/27 | €84,604 | €64,981 | -€19,623 | -23.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €520 | €288 | -€232 | -44.6% |
| Furniture and vehicles | 24 | €5,923 | €9,353 | +€3,430 | +57.9% |
| Leasing and similar rights | 25 | €27,375 | €14,000 | -€13,375 | -48.9% |
| Other tangible fixed assets | 26 | €50,785 | €41,340 | -€9,446 | -18.6% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €837,047 | €322,222 | -€514,825 | -61.5% |
| Stocks and contracts in progress | 3 | €205,991 | €218,628 | +€12,638 | +6.1% |
| Stocks | 30/36 | €205,991 | €218,628 | +€12,638 | +6.1% |
| Amounts receivable within one year | 40/41 | €622,111 | €68,032 | -€554,079 | -89.1% |
| Trade receivables | 40 | €110,326 | €59,898 | -€50,428 | -45.7% |
| Other amounts receivable | 41 | €511,784 | €8,133 | -€503,651 | -98.4% |
| Cash at bank and in hand | 54/58 | €3,142 | €14,468 | +€11,326 | +360.5% |
| Deferred charges and accrued income | 490/1 | €5,804 | €21,094 | +€15,290 | +263.5% |
| Total equity and liabilities | 10/49 | €921,930 | €387,483 | -€534,448 | -58.0% |
| Equity | 10/15 | -€164,844 | -€460,420 | -€295,576 | -179.3% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,844 | -€567,420 | -€295,576 | -108.7% |
| Amounts payable | 17/49 | €1,086,774 | €847,902 | -€238,872 | -22.0% |
| Amounts payable after more than one year | 17 | €159,586 | €83,000 | -€76,586 | -48.0% |
| Financial debts | 170/4 | €159,586 | €83,000 | -€76,586 | -48.0% |
| Amounts payable within one year | 42/48 | €902,082 | €746,377 | -€155,706 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €47,741 | €0 | -€47,741 | -100.0% |
| Financial debts | 43 | €66,009 | €0 | -€66,009 | -100.0% |
| Credit institutions | 430/8 | €65,000 | €0 | -€65,000 | -100.0% |
| Other loans | 439 | €1,009 | €0 | -€1,009 | -100.0% |
| Trade debts | 44 | €98,206 | €20,208 | -€77,999 | -79.4% |
| Suppliers | 440/4 | €98,206 | €20,208 | -€77,999 | -79.4% |
| Taxes, remuneration and social security | 45 | €62,143 | €10,770 | -€51,373 | -82.7% |
| Taxes | 450/3 | €3,804 | €282 | -€3,522 | -92.6% |
| Remuneration and social security | 454/9 | €58,339 | €10,488 | -€47,851 | -82.0% |
| Other amounts payable | 47/48 | €627,983 | €715,399 | +€87,417 | +13.9% |
| Accrued charges and deferred income | 492/3 | €25,105 | €18,526 | -€6,580 | -26.2% |
| Non-recurring operating income | 76A | €321,877 | €3,637 | -€318,240 | -98.9% |
| Remuneration, social security and pensions | 62 | €231,610 | €146,499 | -€85,111 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,830 | €29,429 | -€7,400 | -20.1% |
| Other operating charges | 640/8 | €3,793 | €3,272 | -€521 | -13.7% |
| Non-recurring operating charges | 66A | €0 | €18,086 | +€18,086 | |
| Gross operating margin | 9900 | €281,626 | -€65,333 | -€346,958 | |
| Operating profit (loss) | 9901 | €9,393 | -€262,620 | -€272,012 | |
| Financial income | 75/76B | €29 | €393 | +€364 | +1250.7% |
| Recurring financial income | 75 | €29 | €393 | +€364 | +1250.7% |
| Financial charges | 65/66B | €26,107 | €33,349 | +€7,242 | +27.7% |
| Recurring financial charges | 65 | €26,107 | €33,349 | +€7,242 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,685 | -€295,576 | -€278,891 | -1671.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,685 | -€295,576 | -€278,891 | -1671.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,685 | -€295,576 | -€278,891 | -1671.5% |
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 11 October 2026 via checked.be.