CREATION GINER: 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.
CREATION GINER
Largest movements
- Receivables within one year +€21,382
up €21,382 (+37.0%), from €57,797 to €79,179
of which Other amounts receivable: +€21,392
- Tangible fixed assets -€6,273
down €6,273 (-24.7%), from €25,390 to €19,117
- Profit (loss) carried forward +€22,709
up €22,709 (+44.3%), from €51,237 to €73,946
- Debts after one year -€4,746
down €4,746 (-24.5%), from €19,392 to €14,646
- Advances received -€1,800
no longer reported in 2025 (was €1,800)
- Taxes -€8,429
down €8,429 (-46.1%), from €18,285 to €9,856
- Gross operating margin -€5,215
down €5,215 (-12.3%), from €42,401 to €37,186
- Depreciation +€1,502
up €1,502 (+31.5%), from €4,771 to €6,273
- Financial income +€843
up €843 (+26.9%), from €3,137 to €3,981
- Financial charges -€563
down €563 (-41.1%), from €1,369 to €806
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 | €109,044 | €123,928 | +€14,884 | +13.6% |
| Fixed assets | 21/28 | €25,405 | €19,132 | -€6,273 | -24.7% |
| Tangible fixed assets | 22/27 | €25,390 | €19,117 | -€6,273 | -24.7% |
| Furniture and vehicles | 24 | €25,390 | €19,117 | -€6,273 | -24.7% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €83,639 | €104,796 | +€21,157 | +25.3% |
| Amounts receivable after more than one year | 29 | €20,850 | €20,850 | = | 0.0% |
| Trade receivables | 290 | €20,850 | €20,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,797 | €79,179 | +€21,382 | +37.0% |
| Trade receivables | 40 | €3,735 | €3,725 | -€10 | -0.3% |
| Other amounts receivable | 41 | €54,062 | €75,454 | +€21,392 | +39.6% |
| Cash at bank and in hand | 54/58 | €4,801 | €4,591 | -€211 | -4.4% |
| Deferred charges and accrued income | 490/1 | €190 | €176 | -€14 | -7.3% |
| Total equity and liabilities | 10/49 | €109,044 | €123,928 | +€14,884 | +13.6% |
| Equity | 10/15 | €68,137 | €90,846 | +€22,709 | +33.3% |
| Contributions | 10/11 | €16,900 | €16,900 | = | 0.0% |
| Contributions outside capital | 11 | €16,900 | €16,900 | = | 0.0% |
| Other | 1109/19 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,237 | €73,946 | +€22,709 | +44.3% |
| Amounts payable | 17/49 | €40,907 | €33,082 | -€7,825 | -19.1% |
| Amounts payable after more than one year | 17 | €19,392 | €14,646 | -€4,746 | -24.5% |
| Financial debts | 170/4 | €19,392 | €14,646 | -€4,746 | -24.5% |
| Amounts payable within one year | 42/48 | €21,515 | €18,436 | -€3,079 | -14.3% |
| Trade debts | 44 | €2,964 | €2,411 | -€553 | -18.7% |
| Suppliers | 440/4 | €2,964 | €2,411 | -€553 | -18.7% |
| Advances received on contracts in progress | 46 | €1,800 | - | -€1,800 | |
| Taxes, remuneration and social security | 45 | €16,751 | €16,025 | -€726 | -4.3% |
| Taxes | 450/3 | €16,751 | €16,025 | -€726 | -4.3% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Remuneration, social security and pensions | 62 | €306 | €333 | +€27 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,771 | €6,273 | +€1,502 | +31.5% |
| Other operating charges | 640/8 | €1,666 | €1,190 | -€476 | -28.6% |
| Gross operating margin | 9900 | €42,401 | €37,186 | -€5,215 | -12.3% |
| Operating profit (loss) | 9901 | €35,659 | €29,390 | -€6,268 | -17.6% |
| Financial income | 75/76B | €3,137 | €3,981 | +€843 | +26.9% |
| Recurring financial income | 75 | €3,137 | €3,981 | +€843 | +26.9% |
| Financial charges | 65/66B | €1,369 | €806 | -€563 | -41.1% |
| Recurring financial charges | 65 | €1,369 | €806 | -€563 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €37,427 | €32,565 | -€4,862 | -13.0% |
| Income taxes | 67/77 | €18,285 | €9,856 | -€8,429 | -46.1% |
| Profit (loss) for the period | 9904 | €19,142 | €22,709 | +€3,567 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,142 | €22,709 | +€3,567 | +18.6% |
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 14 October 2026 via checked.be.