CREATION L.C.: 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 L.C.
Largest movements
- Receivables after one year +€603,369
up €603,369 (+387%), from €156,000 to €759,369
- Financial fixed assets +€210,000
up €210,000 (+13.6%), from €1.5m to €1.8m
- Cash -€173,397
down €173,397 (-63.6%), from €272,446 to €99,049
mainly Receivables after one year (-€603,369) and Investment in fixed assets (net) (-€218,605)
- Other debts +€584,569
up €584,569 (+92.6%), from €631,493 to €1.2m
- Debts after one year -€163,914
down €163,914 (-6.1%), from €2.7m to €2.5m
of which Financial debts: -€163,914
- Trade debts +€129,551
up €129,551 (+95.7%), from €135,340 to €264,891
- Gross operating margin -€99,266
down €99,266 (-33.9%), from €292,526 to €193,260
- Other operating charges +€36,121
up €36,121 (+197,276%), from €18 to €36,140
- Financial income +€31,184
up €31,184 (+16,856%), from €185 to €31,369
- Taxes -€29,088
down €29,088 (-88.8%), from €32,747 to €3,658
- Financial charges +€19,494
up €19,494 (+19.7%), from €98,954 to €118,448
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 | €4,792,799 | €5,364,064 | +€571,264 | +11.9% |
| Fixed assets | 21/28 | €3,330,777 | €3,493,607 | +€162,830 | +4.9% |
| Tangible fixed assets | 22/27 | €1,783,537 | €1,736,367 | -€47,170 | -2.6% |
| Land and buildings | 22 | €1,780,667 | €1,736,367 | -€44,300 | -2.5% |
| Furniture and vehicles | 24 | €2,870 | €0 | -€2,870 | -100% |
| Financial fixed assets | 28 | €1,547,240 | €1,757,240 | +€210,000 | +13.6% |
| Current assets | 29/58 | €1,462,022 | €1,870,457 | +€408,435 | +27.9% |
| Amounts receivable after more than one year | 29 | €156,000 | €759,369 | +€603,369 | +387% |
| Other amounts receivable | 291 | €156,000 | €759,369 | +€603,369 | +387% |
| Amounts receivable within one year | 40/41 | €1,025,044 | €1,011,895 | -€13,148 | -1.3% |
| Trade receivables | 40 | €59,256 | €172,082 | +€112,826 | +190% |
| Other amounts receivable | 41 | €965,788 | €839,814 | -€125,974 | -13.0% |
| Cash at bank and in hand | 54/58 | €272,446 | €99,049 | -€173,397 | -63.6% |
| Deferred charges and accrued income | 490/1 | €8,533 | €144 | -€8,389 | -98.3% |
| Total equity and liabilities | 10/49 | €4,792,799 | €5,364,064 | +€571,264 | +11.9% |
| Equity | 10/15 | €1,155,134 | €1,165,892 | +€10,758 | +0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €23,099 | €22,656 | -€443 | -1.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,902 | €16,458 | -€443 | -2.6% |
| Profit (loss) carried forward | 14 | €1,070,061 | €1,081,262 | +€11,202 | +1.0% |
| Provisions and deferred taxes | 16 | €2,261 | €2,110 | -€151 | -6.7% |
| Deferred taxes | 168 | €2,261 | €2,110 | -€151 | -6.7% |
| Amounts payable | 17/49 | €3,635,405 | €4,196,062 | +€560,657 | +15.4% |
| Amounts payable after more than one year | 17 | €2,665,628 | €2,501,714 | -€163,914 | -6.1% |
| Financial debts | 170/4 | €2,295,628 | €2,131,714 | -€163,914 | -7.1% |
| Other amounts payable | 178/9 | €370,000 | €370,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €969,776 | €1,692,570 | +€722,793 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €157,647 | €163,902 | +€6,256 | +4.0% |
| Trade debts | 44 | €135,340 | €264,891 | +€129,551 | +95.7% |
| Suppliers | 440/4 | €135,340 | €264,891 | +€129,551 | +95.7% |
| Taxes, remuneration and social security | 45 | €45,296 | €47,713 | +€2,417 | +5.3% |
| Taxes | 450/3 | €45,296 | €47,713 | +€2,417 | +5.3% |
| Other amounts payable | 47/48 | €631,493 | €1,216,063 | +€584,569 | +92.6% |
| Accrued charges and deferred income | 492/3 | - | €1,778 | +€1,778 | |
| Non-recurring operating income | 76A | - | €28,130 | +€28,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,838 | €55,775 | -€18,062 | -24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18 | €36,140 | +€36,121 | +197,276% |
| Gross operating margin | 9900 | €292,526 | €193,260 | -€99,266 | -33.9% |
| Operating profit (loss) | 9901 | €218,670 | €101,345 | -€117,325 | -53.7% |
| Financial income | 75/76B | €185 | €31,369 | +€31,184 | +16,856% |
| Recurring financial income | 75 | €185 | €31,369 | +€31,184 | +16,856% |
| Financial charges | 65/66B | €98,954 | €118,448 | +€19,494 | +19.7% |
| Recurring financial charges | 65 | €98,954 | €118,448 | +€19,494 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €119,901 | €14,265 | -€105,635 | -88.1% |
| Transfer from deferred taxes | 780 | €443 | €443 | = | 0.0% |
| Income taxes | 67/77 | €32,747 | €3,658 | -€29,088 | -88.8% |
| Profit (loss) for the period | 9904 | €87,598 | €11,051 | -€76,547 | -87.4% |
| Transfer from tax-exempt reserves | 789 | €151 | €151 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,748 | €11,202 | -€76,547 | -87.2% |
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 24 October 2026 via checked.be.