Creating Cities: what changed
Two fiscal 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.
Creating Cities
Largest movements
- Tangible fixed assets +€135,165
up €135,165 (+2092.3%), from €6,460 to €141,625
of which Land and buildings: +€131,100
- Cash -€78,031
down €78,031 (-47.9%), from €162,740 to €84,709
mainly Investment in fixed assets (net) (-€160,939) and Tax, wage and social debts (-€10,365)
- Deferred charges and accrued income +€3,947
new in 2025: €3,947
- Profit (loss) carried forward +€70,454
new in 2025: €70,454
- Tax, wage and social debts -€10,365
down €10,365 (-31.1%), from €33,314 to €22,949
- Depreciation +€25,435
up €25,435 (+7480.7%), from €340 to €25,775
- Gross operating margin +€16,918
up €16,918 (+17.3%), from €98,070 to €114,987
- Taxes -€7,256
down €7,256 (-28.7%), from €25,317 to €18,060
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.
Cash bridge derived
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 | €183,919 | €244,380 | +€60,461 | +32.9% |
| Fixed assets | 21/28 | €6,460 | €141,625 | +€135,165 | +2092.3% |
| Tangible fixed assets | 22/27 | €6,460 | €141,625 | +€135,165 | +2092.3% |
| Land and buildings | 22 | - | €131,100 | +€131,100 | |
| Plant, machinery and equipment | 23 | - | €5,425 | +€5,425 | |
| Furniture and vehicles | 24 | €6,460 | €5,100 | -€1,360 | -21.1% |
| Current assets | 29/58 | €177,459 | €102,755 | -€74,703 | -42.1% |
| Amounts receivable within one year | 40/41 | €14,719 | €14,100 | -€619 | -4.2% |
| Trade receivables | 40 | €14,719 | €14,100 | -€619 | -4.2% |
| Cash at bank and in hand | 54/58 | €162,740 | €84,709 | -€78,031 | -47.9% |
| Deferred charges and accrued income | 490/1 | - | €3,947 | +€3,947 | |
| Total equity and liabilities | 10/49 | €183,919 | €244,380 | +€60,461 | +32.9% |
| Equity | 10/15 | €150,601 | €221,055 | +€70,454 | +46.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €147,601 | €147,601 | = | 0.0% |
| Distributable reserves | 133 | €147,601 | €147,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €70,454 | +€70,454 | |
| Amounts payable | 17/49 | €33,318 | €23,326 | -€9,992 | -30.0% |
| Amounts payable within one year | 42/48 | €33,318 | €23,326 | -€9,992 | -30.0% |
| Trade debts | 44 | - | €41 | +€41 | |
| Suppliers | 440/4 | - | €41 | +€41 | |
| Taxes, remuneration and social security | 45 | €33,314 | €22,949 | -€10,365 | -31.1% |
| Taxes | 450/3 | €33,314 | €22,949 | -€10,365 | -31.1% |
| Other amounts payable | 47/48 | €4 | €336 | +€332 | +7523.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €25,775 | +€25,435 | +7480.7% |
| Other operating charges | 640/8 | - | €475 | +€475 | |
| Gross operating margin | 9900 | €98,070 | €114,987 | +€16,918 | +17.3% |
| Operating profit (loss) | 9901 | €97,730 | €88,738 | -€8,992 | -9.2% |
| Financial income | 75/76B | €43 | €21 | -€22 | -51.8% |
| Recurring financial income | 75 | €43 | €21 | -€22 | -51.8% |
| Financial charges | 65/66B | €134 | €244 | +€110 | +81.7% |
| Recurring financial charges | 65 | €134 | €244 | +€110 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €97,638 | €88,514 | -€9,124 | -9.3% |
| Income taxes | 67/77 | €25,317 | €18,060 | -€7,256 | -28.7% |
| Profit (loss) for the period | 9904 | €72,321 | €70,454 | -€1,867 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,321 | €70,454 | -€1,867 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.