CREATED AGENCY: 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.
CREATED AGENCY
Largest movements
- Receivables within one year +€33,605
up €33,605 (+129%), from €26,044 to €59,649
of which Trade receivables: +€21,885
- Cash +€11,779
up €11,779 (+12.3%), from €96,037 to €107,816
mainly Net result for the year (+€59,639) and Depreciation (+€2,120)
- Tangible fixed assets -€2,120
down €2,120 (-38.1%), from €5,560 to €3,441
- Reserves +€59,000
up €59,000 (+143%), from €41,400 to €100,400
- Other debts -€8,519
no longer reported in 2025 (was €8,519)
- Tax, wage and social debts -€8,202
down €8,202 (-96.3%), from €8,520 to €318
- Gross operating margin +€55,576
up €55,576 (+89.9%), from €61,852 to €117,428
- Provisions -€28,042
down €28,042 (-97.1%), from €28,888 to €846
- Financial charges +€26,219
up €26,219 (+543%), from €4,826 to €31,045
- Taxes +€11,978
up €11,978 (+87.1%), from €13,748 to €25,726
- Financial income +€2,736
up €2,736 (+37,844%), from €7 to €2,743
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 | €168,206 | €210,185 | +€41,979 | +25.0% |
| Fixed assets | 21/28 | €5,610 | €3,491 | -€2,120 | -37.8% |
| Tangible fixed assets | 22/27 | €5,560 | €3,441 | -€2,120 | -38.1% |
| Furniture and vehicles | 24 | €5,560 | €3,441 | -€2,120 | -38.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €162,596 | €206,695 | +€44,099 | +27.1% |
| Amounts receivable within one year | 40/41 | €26,044 | €59,649 | +€33,605 | +129% |
| Trade receivables | 40 | €21,192 | €43,077 | +€21,885 | +103% |
| Other amounts receivable | 41 | €4,852 | €16,572 | +€11,720 | +242% |
| Current investments | 50/53 | €30,967 | €30,967 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,037 | €107,816 | +€11,779 | +12.3% |
| Deferred charges and accrued income | 490/1 | €9,548 | €8,262 | -€1,286 | -13.5% |
| Total equity and liabilities | 10/49 | €168,206 | €210,185 | +€41,979 | +25.0% |
| Equity | 10/15 | €101,693 | €161,332 | +€59,639 | +58.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,400 | €100,400 | +€59,000 | +143% |
| Distributable reserves | 133 | €41,400 | €100,400 | +€59,000 | +143% |
| Profit (loss) carried forward | 14 | €55,293 | €55,932 | +€639 | +1.2% |
| Provisions and deferred taxes | 16 | €28,888 | €29,734 | +€846 | +2.9% |
| Provisions for liabilities and charges | 160/5 | €28,888 | €29,734 | +€846 | +2.9% |
| Other liabilities and charges | 164/5 | €28,888 | €29,734 | +€846 | +2.9% |
| Amounts payable | 17/49 | €37,625 | €19,120 | -€18,506 | -49.2% |
| Amounts payable within one year | 42/48 | €33,713 | €15,197 | -€18,516 | -54.9% |
| Trade debts | 44 | €16,674 | €14,879 | -€1,795 | -10.8% |
| Suppliers | 440/4 | €16,674 | €14,879 | -€1,795 | -10.8% |
| Taxes, remuneration and social security | 45 | €8,520 | €318 | -€8,202 | -96.3% |
| Taxes | 450/3 | €8,520 | €318 | -€8,202 | -96.3% |
| Other amounts payable | 47/48 | €8,519 | - | -€8,519 | |
| Accrued charges and deferred income | 492/3 | €3,913 | €3,923 | +€10 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €2,120 | +€184 | +9.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,888 | €846 | -€28,042 | -97.1% |
| Other operating charges | 640/8 | - | €796 | +€796 | |
| Gross operating margin | 9900 | €61,852 | €117,428 | +€55,576 | +89.9% |
| Operating profit (loss) | 9901 | €31,029 | €113,667 | +€82,638 | +266% |
| Financial income | 75/76B | €7 | €2,743 | +€2,736 | +37,844% |
| Recurring financial income | 75 | €7 | €2,743 | +€2,736 | +37,844% |
| Financial charges | 65/66B | €4,826 | €31,045 | +€26,219 | +543% |
| Recurring financial charges | 65 | €4,826 | €31,045 | +€26,219 | +543% |
| Profit (loss) for the period before taxes | 9903 | €26,210 | €85,365 | +€59,156 | +226% |
| Income taxes | 67/77 | €13,748 | €25,726 | +€11,978 | +87.1% |
| Profit (loss) for the period | 9904 | €12,462 | €59,639 | +€47,177 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €12,462 | €59,639 | +€47,177 | +379% |
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 24 October 2026 via checked.be.