CO-CREATIVE: 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-CREATIVE
Largest movements
- Receivables within one year +€3,959
up €3,959 (+13.9%), from €28,404 to €32,363
of which Trade receivables: +€2,700
- Cash -€3,938
down €3,938 (-6.3%), from €62,830 to €58,892
mainly Contributions, distributions and other (-€28,799) and Receivables within one year (-€3,959)
- Tangible fixed assets -€1,581
down €1,581 (-8.9%), from €17,758 to €16,177
of which Land and buildings: -€1,692
- Other debts +€11,410
up €11,410 (+52.6%), from €21,690 to €33,100
- Reserves -€7,360
down €7,360 (-11.3%), from €65,188 to €57,829
of which Distributable reserves: -€7,360
- Tax, wage and social debts -€3,843
down €3,843 (-25.0%), from €15,345 to €11,502
of which Taxes: -€3,813
- Trade debts -€3,132
down €3,132 (-92.1%), from €3,399 to €267
- Accrued charges and deferred income +€1,667
new in 2025: €1,667
- Gross operating margin -€8,578
down €8,578 (-13.6%), from €62,854 to €54,276
- Taxes -€3,382
down €3,382 (-25.8%), from €13,123 to €9,741
- Staff costs +€1,678
up €1,678 (+13.6%), from €12,375 to €14,053
- Depreciation +€822
up €822 (+25.9%), from €3,178 to €4,001
- Financial charges +€775
up €775 (+26.5%), from €2,929 to €3,704
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 | €111,822 | €110,565 | -€1,257 | -1.1% |
| Fixed assets | 21/28 | €17,758 | €16,177 | -€1,581 | -8.9% |
| Tangible fixed assets | 22/27 | €17,758 | €16,177 | -€1,581 | -8.9% |
| Land and buildings | 22 | €11,657 | €9,965 | -€1,692 | -14.5% |
| Plant, machinery and equipment | 23 | €2,133 | €1,692 | -€441 | -20.7% |
| Furniture and vehicles | 24 | €3,968 | €4,520 | +€552 | +13.9% |
| Current assets | 29/58 | €94,065 | €94,388 | +€324 | +0.3% |
| Amounts receivable within one year | 40/41 | €28,404 | €32,363 | +€3,959 | +13.9% |
| Trade receivables | 40 | €28,404 | €31,104 | +€2,700 | +9.5% |
| Other amounts receivable | 41 | - | €1,259 | +€1,259 | |
| Cash at bank and in hand | 54/58 | €62,830 | €58,892 | -€3,938 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,831 | €3,134 | +€303 | +10.7% |
| Total equity and liabilities | 10/49 | €111,822 | €110,565 | -€1,257 | -1.1% |
| Equity | 10/15 | €71,388 | €64,029 | -€7,360 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,188 | €57,829 | -€7,360 | -11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,328 | €55,969 | -€7,360 | -11.6% |
| Amounts payable | 17/49 | €40,434 | €46,537 | +€6,103 | +15.1% |
| Amounts payable within one year | 42/48 | €40,434 | €44,869 | +€4,435 | +11.0% |
| Trade debts | 44 | €3,399 | €267 | -€3,132 | -92.1% |
| Suppliers | 440/4 | €3,399 | €267 | -€3,132 | -92.1% |
| Taxes, remuneration and social security | 45 | €15,345 | €11,502 | -€3,843 | -25.0% |
| Taxes | 450/3 | €13,810 | €9,997 | -€3,813 | -27.6% |
| Remuneration and social security | 454/9 | €1,535 | €1,505 | -€30 | -1.9% |
| Other amounts payable | 47/48 | €21,690 | €33,100 | +€11,410 | +52.6% |
| Accrued charges and deferred income | 492/3 | - | €1,667 | +€1,667 | |
| Remuneration, social security and pensions | 62 | €12,375 | €14,053 | +€1,678 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €4,001 | +€822 | +25.9% |
| Other operating charges | 640/8 | €957 | €1,352 | +€395 | +41.2% |
| Gross operating margin | 9900 | €62,854 | €54,276 | -€8,578 | -13.6% |
| Operating profit (loss) | 9901 | €46,343 | €34,870 | -€11,473 | -24.8% |
| Financial income | 75/76B | €0 | €14 | +€14 | +15,667% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +15,667% |
| Financial charges | 65/66B | €2,929 | €3,704 | +€775 | +26.5% |
| Recurring financial charges | 65 | €2,929 | €3,704 | +€775 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €43,415 | €31,181 | -€12,234 | -28.2% |
| Income taxes | 67/77 | €13,123 | €9,741 | -€3,382 | -25.8% |
| Profit (loss) for the period | 9904 | €30,292 | €21,440 | -€8,852 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,292 | €21,440 | -€8,852 | -29.2% |
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 16 October 2026 via checked.be.