Change And Creativity: 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.
Change And Creativity
Largest movements
- Receivables within one year +€19,893
up €19,893 (+77.2%), from €25,760 to €45,653
of which Other amounts receivable: +€21,946
- Deferred charges and accrued income -€10,163
down €10,163 (-91.5%), from €11,110 to €947
- Cash +€4,621
up €4,621 (+10.9%), from €42,263 to €46,883
mainly Net result for the year (+€17,814) and Deferred charges and accrued income (+€10,163)
- Tangible fixed assets +€2,358
up €2,358 (+101%), from €2,326 to €4,685
of which Furniture and vehicles: +€2,699
- Profit (loss) carried forward +€17,814
up €17,814 (+40.0%), from €44,530 to €62,345
- Trade debts -€4,692
down €4,692 (-91.7%), from €5,119 to €427
- Tax, wage and social debts +€3,896
up €3,896 (+13.4%), from €29,000 to €32,896
- Taxes +€3,508
up €3,508 (+68.5%), from €5,122 to €8,630
- Gross operating margin -€672
down €672 (-2.0%), from €33,070 to €32,398
- Depreciation +€574
up €574 (+36.0%), from €1,596 to €2,170
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 | €81,459 | €98,168 | +€16,709 | +20.5% |
| Fixed assets | 21/28 | €2,326 | €4,685 | +€2,358 | +101% |
| Tangible fixed assets | 22/27 | €2,326 | €4,685 | +€2,358 | +101% |
| Plant, machinery and equipment | 23 | €793 | €452 | -€341 | -43.0% |
| Furniture and vehicles | 24 | €1,533 | €4,233 | +€2,699 | +176% |
| Current assets | 29/58 | €79,133 | €93,483 | +€14,350 | +18.1% |
| Amounts receivable within one year | 40/41 | €25,760 | €45,653 | +€19,893 | +77.2% |
| Trade receivables | 40 | €25,760 | €23,707 | -€2,054 | -8.0% |
| Other amounts receivable | 41 | - | €21,946 | +€21,946 | |
| Cash at bank and in hand | 54/58 | €42,263 | €46,883 | +€4,621 | +10.9% |
| Deferred charges and accrued income | 490/1 | €11,110 | €947 | -€10,163 | -91.5% |
| Total equity and liabilities | 10/49 | €81,459 | €98,168 | +€16,709 | +20.5% |
| Equity | 10/15 | €47,030 | €64,845 | +€17,814 | +37.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,530 | €62,345 | +€17,814 | +40.0% |
| Amounts payable | 17/49 | €34,429 | €33,323 | -€1,106 | -3.2% |
| Amounts payable within one year | 42/48 | €34,429 | €33,323 | -€1,106 | -3.2% |
| Trade debts | 44 | €5,119 | €427 | -€4,692 | -91.7% |
| Suppliers | 440/4 | €5,119 | €427 | -€4,692 | -91.7% |
| Taxes, remuneration and social security | 45 | €29,000 | €32,896 | +€3,896 | +13.4% |
| Taxes | 450/3 | €29,000 | €32,896 | +€3,896 | +13.4% |
| Other amounts payable | 47/48 | €309 | - | -€309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €2,170 | +€574 | +36.0% |
| Other operating charges | 640/8 | €1,110 | €1,391 | +€281 | +25.3% |
| Gross operating margin | 9900 | €33,070 | €32,398 | -€672 | -2.0% |
| Operating profit (loss) | 9901 | €30,364 | €28,837 | -€1,527 | -5.0% |
| Financial charges | 65/66B | €2,377 | €2,392 | +€15 | +0.6% |
| Recurring financial charges | 65 | €2,377 | €2,392 | +€15 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €27,987 | €26,444 | -€1,543 | -5.5% |
| Income taxes | 67/77 | €5,122 | €8,630 | +€3,508 | +68.5% |
| Profit (loss) for the period | 9904 | €22,865 | €17,814 | -€5,050 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,865 | €17,814 | -€5,050 | -22.1% |
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 14 October 2026 via checked.be.