Co Creations: 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.
Co Creations
Largest movements
- Receivables within one year -€49,720
down €49,720 (-61.7%), from €80,616 to €30,896
of which Trade receivables: -€50,487
- Cash +€25,211
up €25,211 (+94.9%), from €26,562 to €51,773
mainly Receivables within one year (+€49,720) and Depreciation (+€1,230)
- Tangible fixed assets -€1,230
down €1,230 (-35.9%), from €3,425 to €2,196
- Trade debts -€12,045
down €12,045 (-16.3%), from €74,098 to €62,054
- Tax, wage and social debts -€7,447
down €7,447 (-64.6%), from €11,528 to €4,080
of which Taxes: -€6,788
- Other debts -€6,518
down €6,518 (-98.5%), from €6,614 to €96
- Gross operating margin +€491
up €491 (+25.5%), from €1,925 to €2,416
- Taxes +€117
new in 2025: €117
- Other operating charges -€60
down €60 (-9.1%), from €657 to €597
- Financial charges +€28
up €28 (+72.8%), from €39 to €67
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €110,603 | €85,013 | -€25,590 | -23.1% |
| Fixed assets | 21/28 | €3,425 | €2,196 | -€1,230 | -35.9% |
| Tangible fixed assets | 22/27 | €3,425 | €2,196 | -€1,230 | -35.9% |
| Plant, machinery and equipment | 23 | €3,425 | €2,196 | -€1,230 | -35.9% |
| Current assets | 29/58 | €107,178 | €82,817 | -€24,361 | -22.7% |
| Amounts receivable within one year | 40/41 | €80,616 | €30,896 | -€49,720 | -61.7% |
| Trade receivables | 40 | €71,235 | €20,748 | -€50,487 | -70.9% |
| Other amounts receivable | 41 | €9,380 | €10,148 | +€767 | +8.2% |
| Cash at bank and in hand | 54/58 | €26,562 | €51,773 | +€25,211 | +94.9% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €110,603 | €85,013 | -€25,590 | -23.1% |
| Equity | 10/15 | €18,363 | €18,783 | +€420 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237 | €183 | +€420 | |
| Amounts payable | 17/49 | €92,240 | €66,231 | -€26,010 | -28.2% |
| Amounts payable within one year | 42/48 | €92,240 | €66,231 | -€26,010 | -28.2% |
| Trade debts | 44 | €74,098 | €62,054 | -€12,045 | -16.3% |
| Suppliers | 440/4 | €74,098 | €62,054 | -€12,045 | -16.3% |
| Taxes, remuneration and social security | 45 | €11,528 | €4,080 | -€7,447 | -64.6% |
| Taxes | 450/3 | €10,869 | €4,080 | -€6,788 | -62.5% |
| Remuneration and social security | 454/9 | €659 | - | -€659 | |
| Other amounts payable | 47/48 | €6,614 | €96 | -€6,518 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,230 | €1,230 | -€0 | 0.0% |
| Other operating charges | 640/8 | €657 | €597 | -€60 | -9.1% |
| Gross operating margin | 9900 | €1,925 | €2,416 | +€491 | +25.5% |
| Operating profit (loss) | 9901 | €39 | €590 | +€551 | +1,411% |
| Financial income | 75/76B | €0 | €15 | +€15 | +74,950% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +74,950% |
| Financial charges | 65/66B | €39 | €67 | +€28 | +72.8% |
| Recurring financial charges | 65 | €39 | €67 | +€28 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | - | €537 | +€537 | |
| Income taxes | 67/77 | - | €117 | +€117 | |
| Profit (loss) for the period | 9904 | - | €420 | +€420 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €420 | +€420 |
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 24 October 2026 via checked.be.