CREATION: 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.
CREATION
Largest movements
- Cash +€249,699
up €249,699 (+149.9%), from €166,578 to €416,277
mainly Current investments (+€175,000) and Net result for the year (+€132,563)
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Tangible fixed assets +€26,091
up €26,091 (+97.3%), from €26,811 to €52,902
of which Furniture and vehicles: +€26,330
- Financial fixed assets +€17,500
up €17,500 (+243.0%), from €7,201 to €24,701
- Reserves +€85,892
up €85,892 (+26.3%), from €326,875 to €412,767
of which Distributable reserves: +€85,892
- Tax, wage and social debts +€23,338
up €23,338 (+2049.1%), from €1,139 to €24,477
- Gross operating margin +€75,281
up €75,281 (+52.3%), from €144,065 to €219,346
- Taxes +€22,475
up €22,475 (+54.8%), from €41,006 to €63,481
- Depreciation +€7,757
up €7,757 (+43.7%), from €17,752 to €25,509
- Financial income -€2,244
down €2,244 (-26.8%), from €8,360 to €6,115
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 | €386,572 | €500,547 | +€113,974 | +29.5% |
| Fixed assets | 21/28 | €34,012 | €77,603 | +€43,591 | +128.2% |
| Tangible fixed assets | 22/27 | €26,811 | €52,902 | +€26,091 | +97.3% |
| Plant, machinery and equipment | 23 | €1,122 | €883 | -€239 | -21.3% |
| Furniture and vehicles | 24 | €25,690 | €52,019 | +€26,330 | +102.5% |
| Financial fixed assets | 28 | €7,201 | €24,701 | +€17,500 | +243.0% |
| Current assets | 29/58 | €352,560 | €422,944 | +€70,383 | +20.0% |
| Amounts receivable within one year | 40/41 | €10,727 | €6,666 | -€4,061 | -37.9% |
| Trade receivables | 40 | €6,577 | €2,904 | -€3,673 | -55.8% |
| Other amounts receivable | 41 | €4,150 | €3,762 | -€388 | -9.3% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €166,578 | €416,277 | +€249,699 | +149.9% |
| Deferred charges and accrued income | 490/1 | €255 | - | -€255 | |
| Total equity and liabilities | 10/49 | €386,572 | €500,547 | +€113,974 | +29.5% |
| Equity | 10/15 | €338,889 | €424,781 | +€85,892 | +25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €326,875 | €412,767 | +€85,892 | +26.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,892 | €1,892 | = | 0.0% |
| Distributable reserves | 133 | €324,983 | €410,875 | +€85,892 | +26.4% |
| Profit (loss) carried forward | 14 | €5,814 | €5,814 | = | 0.0% |
| Amounts payable | 17/49 | €47,684 | €75,766 | +€28,082 | +58.9% |
| Amounts payable within one year | 42/48 | €45,202 | €72,481 | +€27,279 | +60.3% |
| Trade debts | 44 | €2 | €1,228 | +€1,226 | +67367.6% |
| Suppliers | 440/4 | €2 | €1,228 | +€1,226 | +67367.6% |
| Taxes, remuneration and social security | 45 | €1,139 | €24,477 | +€23,338 | +2049.1% |
| Taxes | 450/3 | €1,139 | €24,477 | +€23,338 | +2049.1% |
| Other amounts payable | 47/48 | €44,061 | €46,776 | +€2,715 | +6.2% |
| Accrued charges and deferred income | 492/3 | €2,482 | €3,286 | +€804 | +32.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,752 | €25,509 | +€7,757 | +43.7% |
| Other operating charges | 640/8 | €821 | €499 | -€323 | -39.3% |
| Non-recurring operating charges | 66A | €1,085 | - | -€1,085 | |
| Gross operating margin | 9900 | €144,065 | €219,346 | +€75,281 | +52.3% |
| Operating profit (loss) | 9901 | €124,406 | €193,338 | +€68,932 | +55.4% |
| Financial income | 75/76B | €8,360 | €6,115 | -€2,244 | -26.8% |
| Recurring financial income | 75 | €8,360 | €6,115 | -€2,244 | -26.8% |
| Financial charges | 65/66B | €2,590 | €3,409 | +€819 | +31.6% |
| Recurring financial charges | 65 | €2,590 | €3,409 | +€819 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €130,176 | €196,044 | +€65,869 | +50.6% |
| Income taxes | 67/77 | €41,006 | €63,481 | +€22,475 | +54.8% |
| Profit (loss) for the period | 9904 | €89,170 | €132,563 | +€43,394 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,170 | €132,563 | +€43,394 | +48.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.