CREATIONS: 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.
CREATIONS
Largest movements
- Tangible fixed assets +€49,270
up €49,270 (+18.3%), from €269,140 to €318,410
of which Furniture and vehicles: +€55,840
- Cash -€47,974
down €47,974 (-45.6%), from €105,226 to €57,252
mainly Investment in fixed assets (net) (-€57,995) and Debts after one year (-€13,400)
- Receivables within one year +€9,548
up €9,548, from €0 to €9,548
of which Trade receivables: +€9,098
- Reserves +€24,448
up €24,448 (+14.6%), from €167,480 to €191,929
of which Distributable reserves: +€26,308
- Debts after one year -€13,400
down €13,400 (-13.5%), from €98,940 to €85,540
- Tax, wage and social debts -€6,281
down €6,281 (-37.7%), from €16,643 to €10,362
- Trade debts +€4,681
up €4,681 (+638%), from €734 to €5,414
- Gross operating margin -€25,452
down €25,452 (-33.5%), from €76,038 to €50,586
- Taxes -€8,590
down €8,590 (-39.7%), from €21,653 to €13,063
- Depreciation +€1,578
up €1,578 (+22.1%), from €7,147 to €8,725
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 | €397,602 | €406,310 | +€8,708 | +2.2% |
| Fixed assets | 21/28 | €269,190 | €318,460 | +€49,270 | +18.3% |
| Tangible fixed assets | 22/27 | €269,140 | €318,410 | +€49,270 | +18.3% |
| Land and buildings | 22 | €267,263 | €260,693 | -€6,570 | -2.5% |
| Furniture and vehicles | 24 | €1,877 | €57,717 | +€55,840 | +2,975% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €128,412 | €87,850 | -€40,562 | -31.6% |
| Amounts receivable within one year | 40/41 | €0 | €9,548 | +€9,548 | |
| Trade receivables | 40 | €0 | €9,098 | +€9,098 | |
| Other amounts receivable | 41 | - | €450 | +€450 | |
| Current investments | 50/53 | €22,884 | €19,217 | -€3,667 | -16.0% |
| Cash at bank and in hand | 54/58 | €105,226 | €57,252 | -€47,974 | -45.6% |
| Deferred charges and accrued income | 490/1 | €302 | €1,833 | +€1,531 | +507% |
| Total equity and liabilities | 10/49 | €397,602 | €406,310 | +€8,708 | +2.2% |
| Equity | 10/15 | €266,747 | €291,195 | +€24,448 | +9.2% |
| Contributions | 10/11 | €125,250 | €125,250 | = | 0.0% |
| Reserves | 13 | €167,480 | €191,929 | +€24,448 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €65,692 | €65,692 | = | 0.0% |
| Distributable reserves | 133 | €99,928 | €126,236 | +€26,308 | +26.3% |
| Profit (loss) carried forward | 14 | -€25,984 | -€25,984 | = | 0.0% |
| Amounts payable | 17/49 | €130,855 | €115,115 | -€15,740 | -12.0% |
| Amounts payable after more than one year | 17 | €98,940 | €85,540 | -€13,400 | -13.5% |
| Financial debts | 170/4 | €98,940 | €85,540 | -€13,400 | -13.5% |
| Amounts payable within one year | 42/48 | €31,915 | €29,575 | -€2,340 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €13,400 | €13,400 | = | 0.0% |
| Trade debts | 44 | €734 | €5,414 | +€4,681 | +638% |
| Suppliers | 440/4 | €734 | €5,414 | +€4,681 | +638% |
| Taxes, remuneration and social security | 45 | €16,643 | €10,362 | -€6,281 | -37.7% |
| Taxes | 450/3 | €16,643 | €10,362 | -€6,281 | -37.7% |
| Other amounts payable | 47/48 | €1,138 | €399 | -€739 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,147 | €8,725 | +€1,578 | +22.1% |
| Other operating charges | 640/8 | €2,489 | €2,714 | +€225 | +9.0% |
| Gross operating margin | 9900 | €76,038 | €50,586 | -€25,452 | -33.5% |
| Operating profit (loss) | 9901 | €66,402 | €39,148 | -€27,254 | -41.0% |
| Financial income | 75/76B | €322 | €676 | +€354 | +110% |
| Recurring financial income | 75 | €322 | €676 | +€354 | +110% |
| Financial charges | 65/66B | €2,506 | €2,312 | -€194 | -7.7% |
| Recurring financial charges | 65 | €2,506 | €2,312 | -€194 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €64,218 | €37,512 | -€26,706 | -41.6% |
| Income taxes | 67/77 | €21,653 | €13,063 | -€8,590 | -39.7% |
| Profit (loss) for the period | 9904 | €42,565 | €24,448 | -€18,117 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,565 | €24,448 | -€18,117 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.