CM-ECREATE: 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.
CM-ECREATE
Largest movements
- Cash -€159,492
down €159,492 (-78.5%), from €203,303 to €43,811
mainly Investment in fixed assets (net) (-€189,423) and Contributions, distributions and other (-€137,599)
- Tangible fixed assets +€123,021
up €123,021 (+21.1%), from €582,232 to €705,253
of which Land and buildings: +€122,044
- Receivables within one year +€58,473
up €58,473 (+34.0%), from €171,879 to €230,352
of which Trade receivables: +€49,784
- Current investments -€14,826
down €14,826 (-49.4%), from €30,002 to €15,176
- Financial fixed assets +€12,000
up €12,000 (+200%), from €6,000 to €18,000
- Debts after one year +€49,329
up €49,329 (+12.5%), from €394,498 to €443,827
- Reserves -€48,111
no longer reported in 2025 (was €48,111)
- Other debts +€47,990
up €47,990 (+16.1%), from €298,614 to €346,604
- Tax, wage and social debts -€46,827
down €46,827 (-30.1%), from €155,320 to €108,493
of which Taxes: -€65,355
- Trade debts +€42,218
up €42,218 (+60.7%), from €69,539 to €111,757
- Staff costs +€85,714
up €85,714 (+37.4%), from €229,353 to €315,067
- Taxes -€23,962
down €23,962 (-51.3%), from €46,691 to €22,729
- Depreciation +€21,057
up €21,057 (+57.2%), from €36,791 to €57,848
- Gross operating margin +€9,197
up €9,197 (+2.0%), from €471,065 to €480,262
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 | €1,022,927 | €1,044,677 | +€21,750 | +2.1% |
| Fixed assets | 21/28 | €599,346 | €730,921 | +€131,575 | +22.0% |
| Intangible fixed assets | 21 | €11,114 | €7,668 | -€3,446 | -31.0% |
| Tangible fixed assets | 22/27 | €582,232 | €705,253 | +€123,021 | +21.1% |
| Land and buildings | 22 | €520,894 | €642,938 | +€122,044 | +23.4% |
| Plant, machinery and equipment | 23 | €16,805 | €16,416 | -€389 | -2.3% |
| Furniture and vehicles | 24 | €33,498 | €35,098 | +€1,600 | +4.8% |
| Other tangible fixed assets | 26 | €11,035 | €10,801 | -€234 | -2.1% |
| Financial fixed assets | 28 | €6,000 | €18,000 | +€12,000 | +200% |
| Current assets | 29/58 | €423,581 | €313,756 | -€109,825 | -25.9% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €171,879 | €230,352 | +€58,473 | +34.0% |
| Trade receivables | 40 | €171,879 | €221,663 | +€49,784 | +29.0% |
| Other amounts receivable | 41 | - | €8,689 | +€8,689 | |
| Current investments | 50/53 | €30,002 | €15,176 | -€14,826 | -49.4% |
| Cash at bank and in hand | 54/58 | €203,303 | €43,811 | -€159,492 | -78.5% |
| Deferred charges and accrued income | 490/1 | €18,397 | €14,417 | -€3,980 | -21.6% |
| Total equity and liabilities | 10/49 | €1,022,927 | €1,044,677 | +€21,750 | +2.1% |
| Equity | 10/15 | €80,127 | €5,000 | -€75,127 | -93.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,111 | - | -€48,111 | |
| Distributable reserves | 133 | €48,111 | - | -€48,111 | |
| Profit (loss) carried forward | 14 | €27,016 | - | -€27,016 | |
| Amounts payable | 17/49 | €942,800 | €1,039,677 | +€96,877 | +10.3% |
| Amounts payable after more than one year | 17 | €394,498 | €443,827 | +€49,329 | +12.5% |
| Financial debts | 170/4 | €394,498 | €443,827 | +€49,329 | +12.5% |
| Amounts payable within one year | 42/48 | €544,830 | €595,850 | +€51,020 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €21,304 | €28,996 | +€7,692 | +36.1% |
| Financial debts | 43 | €53 | - | -€53 | |
| Credit institutions | 430/8 | €53 | - | -€53 | |
| Trade debts | 44 | €69,539 | €111,757 | +€42,218 | +60.7% |
| Suppliers | 440/4 | €69,539 | €111,757 | +€42,218 | +60.7% |
| Taxes, remuneration and social security | 45 | €155,320 | €108,493 | -€46,827 | -30.1% |
| Taxes | 450/3 | €120,439 | €55,084 | -€65,355 | -54.3% |
| Remuneration and social security | 454/9 | €34,881 | €53,409 | +€18,528 | +53.1% |
| Other amounts payable | 47/48 | €298,614 | €346,604 | +€47,990 | +16.1% |
| Accrued charges and deferred income | 492/3 | €3,472 | - | -€3,472 | |
| Remuneration, social security and pensions | 62 | €229,353 | €315,067 | +€85,714 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,791 | €57,848 | +€21,057 | +57.2% |
| Other operating charges | 640/8 | €6,025 | €2,256 | -€3,769 | -62.6% |
| Gross operating margin | 9900 | €471,065 | €480,262 | +€9,197 | +2.0% |
| Operating profit (loss) | 9901 | €198,896 | €105,091 | -€93,805 | -47.2% |
| Financial income | 75/76B | €2,718 | €685 | -€2,033 | -74.8% |
| Recurring financial income | 75 | €2,718 | €685 | -€2,033 | -74.8% |
| Financial charges | 65/66B | €18,677 | €20,575 | +€1,898 | +10.2% |
| Recurring financial charges | 65 | €18,677 | €20,575 | +€1,898 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €182,937 | €85,201 | -€97,736 | -53.4% |
| Income taxes | 67/77 | €46,691 | €22,729 | -€23,962 | -51.3% |
| Profit (loss) for the period | 9904 | €136,246 | €62,472 | -€73,774 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,246 | €62,472 | -€73,774 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.