CREATIONS & MANAGEMENT SOLUTIONS: what changed
CREATIONS & MANAGEMENT SOLUTIONS
Largest movements
- Cash -€22,958
down €22,958 (-56.3%), from €40,743 to €17,785
mainly Investment in fixed assets (net) (-€32,382) and Other debts (-€26,948)
- Tangible fixed assets +€18,679
up €18,679 (+6.7%), from €277,390 to €296,069
of which Plant, machinery and equipment: +€19,110
- Profit (loss) carried forward +€36,455
up €36,455 (+64.1%), from -€56,913 to -€20,458
- Other debts -€26,948
down €26,948 (-78.9%), from €34,153 to €7,205
- Debts after one year -€11,099
down €11,099 (-5.9%), from €188,374 to €177,275
- Tax, wage and social debts +€3,656
up €3,656 (+124%), from €2,946 to €6,602
- Gross operating margin +€7,908
up €7,908 (+16.5%), from €47,986 to €55,894
- Depreciation +€2,139
up €2,139 (+18.5%), from €11,564 to €13,703
- Financial charges -€1,183
down €1,183 (-11.6%), from €10,189 to €9,006
- Taxes +€664
up €664 (+357%), from €186 to €850
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,460 | €353,469 | -€3,991 | -1.1% |
| Fixed assets | 21/28 | €277,390 | €296,069 | +€18,679 | +6.7% |
| Tangible fixed assets | 22/27 | €277,390 | €296,069 | +€18,679 | +6.7% |
| Land and buildings | 22 | €270,808 | €262,323 | -€8,485 | -3.1% |
| Plant, machinery and equipment | 23 | €6,582 | €25,692 | +€19,110 | +290% |
| Furniture and vehicles | 24 | - | €8,054 | +€8,054 | |
| Current assets | 29/58 | €80,070 | €57,400 | -€22,670 | -28.3% |
| Amounts receivable within one year | 40/41 | €39,327 | €39,615 | +€288 | +0.7% |
| Trade receivables | 40 | €12,201 | €12,489 | +€288 | +2.4% |
| Other amounts receivable | 41 | €27,126 | €27,126 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,743 | €17,785 | -€22,958 | -56.3% |
| Total equity and liabilities | 10/49 | €357,460 | €353,469 | -€3,991 | -1.1% |
| Equity | 10/15 | €73,134 | €106,097 | +€32,963 | +45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,447 | €107,955 | -€3,492 | -3.1% |
| Tax-exempt reserves | 132 | €111,447 | €107,955 | -€3,492 | -3.1% |
| Profit (loss) carried forward | 14 | -€56,913 | -€20,458 | +€36,455 | +64.1% |
| Provisions and deferred taxes | 16 | €45,521 | €44,094 | -€1,427 | -3.1% |
| Deferred taxes | 168 | €45,521 | €44,094 | -€1,427 | -3.1% |
| Amounts payable | 17/49 | €238,805 | €203,278 | -€35,527 | -14.9% |
| Amounts payable after more than one year | 17 | €188,374 | €177,275 | -€11,099 | -5.9% |
| Financial debts | 170/4 | €188,374 | €177,275 | -€11,099 | -5.9% |
| Amounts payable within one year | 42/48 | €49,461 | €25,033 | -€24,428 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €10,626 | €11,100 | +€474 | +4.5% |
| Trade debts | 44 | €1,736 | €126 | -€1,610 | -92.7% |
| Suppliers | 440/4 | €1,736 | €126 | -€1,610 | -92.7% |
| Taxes, remuneration and social security | 45 | €2,946 | €6,602 | +€3,656 | +124% |
| Taxes | 450/3 | €2,946 | €6,602 | +€3,656 | +124% |
| Other amounts payable | 47/48 | €34,153 | €7,205 | -€26,948 | -78.9% |
| Accrued charges and deferred income | 492/3 | €970 | €970 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,564 | €13,703 | +€2,139 | +18.5% |
| Other operating charges | 640/8 | €463 | €798 | +€335 | +72.4% |
| Gross operating margin | 9900 | €47,986 | €55,894 | +€7,908 | +16.5% |
| Operating profit (loss) | 9901 | €35,959 | €41,393 | +€5,434 | +15.1% |
| Financial charges | 65/66B | €10,189 | €9,006 | -€1,183 | -11.6% |
| Recurring financial charges | 65 | €10,189 | €9,006 | -€1,183 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €25,770 | €32,387 | +€6,617 | +25.7% |
| Transfer from deferred taxes | 780 | €1,426 | €1,426 | = | 0.0% |
| Income taxes | 67/77 | €186 | €850 | +€664 | +357% |
| Profit (loss) for the period | 9904 | €27,010 | €32,963 | +€5,953 | +22.0% |
| Transfer from tax-exempt reserves | 789 | €3,492 | €3,492 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,502 | €36,455 | +€5,953 | +19.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.