CREATION TOITURES: 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 TOITURES
Largest movements
- Tangible fixed assets -€15,438
down €15,438 (-5.2%), from €296,842 to €281,404
- Receivables within one year -€15,080
down €15,080 (-73.8%), from €20,426 to €5,346
of which Other amounts receivable: -€11,110
- Stocks and contracts -€12,849
down €12,849 (-35.5%), from €36,176 to €23,327
- Cash +€7,710
up €7,710 (+18.1%), from €42,484 to €50,193
mainly Net result for the year (+€62,993) and Depreciation (+€28,207)
- Reserves +€60,494
up €60,494 (+35.0%), from €172,932 to €233,426
- Other debts -€42,423
down €42,423 (-57.9%), from €73,235 to €30,811
- Debts after one year -€37,091
down €37,091 (-74.4%), from €49,836 to €12,746
- Trade debts -€14,655
down €14,655 (-61.2%), from €23,943 to €9,288
- Staff costs -€18,374
down €18,374 (-13.4%), from €137,279 to €118,905
- Depreciation -€7,298
down €7,298 (-20.6%), from €35,505 to €28,207
- Taxes +€6,309
up €6,309 (+37.3%), from €16,930 to €23,239
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
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 | €401,174 | €367,306 | -€33,868 | -8.4% |
| Fixed assets | 21/28 | €296,916 | €281,479 | -€15,438 | -5.2% |
| Tangible fixed assets | 22/27 | €296,842 | €281,404 | -€15,438 | -5.2% |
| Land and buildings | 22 | €263,149 | €257,506 | -€5,642 | -2.1% |
| Plant, machinery and equipment | 23 | €20,616 | €13,634 | -€6,982 | -33.9% |
| Furniture and vehicles | 24 | €13,077 | €10,264 | -€2,813 | -21.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €104,257 | €85,827 | -€18,430 | -17.7% |
| Stocks and contracts in progress | 3 | €36,176 | €23,327 | -€12,849 | -35.5% |
| Stocks | 30/36 | €36,176 | €23,327 | -€12,849 | -35.5% |
| Amounts receivable within one year | 40/41 | €20,426 | €5,346 | -€15,080 | -73.8% |
| Trade receivables | 40 | €4,420 | €450 | -€3,970 | -89.8% |
| Other amounts receivable | 41 | €16,006 | €4,896 | -€11,110 | -69.4% |
| Cash at bank and in hand | 54/58 | €42,484 | €50,193 | +€7,710 | +18.1% |
| Deferred charges and accrued income | 490/1 | €5,171 | €6,960 | +€1,789 | +34.6% |
| Total equity and liabilities | 10/49 | €401,174 | €367,306 | -€33,868 | -8.4% |
| Equity | 10/15 | €237,647 | €298,141 | +€60,494 | +25.5% |
| Contributions | 10/11 | €63,400 | €63,400 | = | 0.0% |
| Reserves | 13 | €172,932 | €233,426 | +€60,494 | +35.0% |
| Distributable reserves | 133 | €172,932 | €233,426 | +€60,494 | +35.0% |
| Profit (loss) carried forward | 14 | €1,315 | €1,315 | = | 0.0% |
| Amounts payable | 17/49 | €163,527 | €69,165 | -€94,362 | -57.7% |
| Amounts payable after more than one year | 17 | €49,836 | €12,746 | -€37,091 | -74.4% |
| Other amounts payable | 178/9 | €49,836 | €12,746 | -€37,091 | -74.4% |
| Amounts payable within one year | 42/48 | €106,965 | €50,169 | -€56,796 | -53.1% |
| Trade debts | 44 | €23,943 | €9,288 | -€14,655 | -61.2% |
| Suppliers | 440/4 | €23,943 | €9,288 | -€14,655 | -61.2% |
| Taxes, remuneration and social security | 45 | €9,787 | €10,070 | +€283 | +2.9% |
| Taxes | 450/3 | €2,752 | €10,070 | +€7,318 | +266% |
| Remuneration and social security | 454/9 | €7,035 | - | -€7,035 | |
| Other amounts payable | 47/48 | €73,235 | €30,811 | -€42,423 | -57.9% |
| Accrued charges and deferred income | 492/3 | €6,726 | €6,250 | -€476 | -7.1% |
| Remuneration, social security and pensions | 62 | €137,279 | €118,905 | -€18,374 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,505 | €28,207 | -€7,298 | -20.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €3,032 | €1,953 | -€1,079 | -35.6% |
| Gross operating margin | 9900 | €233,847 | €233,744 | -€103 | 0.0% |
| Operating profit (loss) | 9901 | €63,031 | €84,678 | +€21,648 | +34.3% |
| Financial income | 75/76B | €4,864 | €4,890 | +€26 | +0.5% |
| Recurring financial income | 75 | €4,864 | €4,890 | +€26 | +0.5% |
| Financial charges | 65/66B | €4,913 | €3,337 | -€1,576 | -32.1% |
| Recurring financial charges | 65 | €3,968 | €3,337 | -€631 | -15.9% |
| Non-recurring financial charges | 66B | €945 | - | -€945 | |
| Profit (loss) for the period before taxes | 9903 | €62,982 | €86,232 | +€23,250 | +36.9% |
| Income taxes | 67/77 | €16,930 | €23,239 | +€6,309 | +37.3% |
| Profit (loss) for the period | 9904 | €46,052 | €62,993 | +€16,941 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,052 | €62,993 | +€16,941 | +36.8% |
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 23 October 2026 via checked.be.