CREATIV ART: 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.
CREATIV ART
Largest movements
- Receivables within one year -€104,264
down €104,264 (-31.6%), from €329,705 to €225,441
of which Trade receivables: -€98,444
- Cash -€21,292
down €21,292 (-48.7%), from €43,682 to €22,390
mainly Trade debts (-€109,590) and Tax, wage and social debts (-€11,425)
- Trade debts -€109,590
down €109,590 (-46.7%), from €234,899 to €125,309
- Tax, wage and social debts -€11,425
down €11,425 (-47.9%), from €23,852 to €12,428
of which Remuneration and social security: -€8,400
- Profit (loss) carried forward -€4,541
down €4,541 (-4.1%), from €109,436 to €104,895
- Gross operating margin -€22,721
down €22,721 (-40.6%), from €55,905 to €33,184
- Taxes +€18,190
up €18,190 (+144%), from €12,652 to €30,842
- Other operating charges +€6,405
up €6,405 (+5,124%), from €125 to €6,530
- Financial charges +€1,677
up €1,677 (+1,325%), from €127 to €1,804
- Financial income -€1,023
down €1,023 (-41.4%), from €2,473 to €1,450
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,387 | €247,831 | -€125,556 | -33.6% |
| Current assets | 29/58 | €373,387 | €247,831 | -€125,556 | -33.6% |
| Amounts receivable within one year | 40/41 | €329,705 | €225,441 | -€104,264 | -31.6% |
| Trade receivables | 40 | €280,570 | €182,126 | -€98,444 | -35.1% |
| Other amounts receivable | 41 | €49,135 | €43,315 | -€5,820 | -11.8% |
| Cash at bank and in hand | 54/58 | €43,682 | €22,390 | -€21,292 | -48.7% |
| Total equity and liabilities | 10/49 | €373,387 | €247,831 | -€125,556 | -33.6% |
| Equity | 10/15 | €114,436 | €109,895 | -€4,541 | -4.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,436 | €104,895 | -€4,541 | -4.1% |
| Amounts payable | 17/49 | €258,951 | €137,936 | -€121,015 | -46.7% |
| Amounts payable within one year | 42/48 | €258,951 | €137,936 | -€121,015 | -46.7% |
| Trade debts | 44 | €234,899 | €125,309 | -€109,590 | -46.7% |
| Suppliers | 440/4 | €234,899 | €125,309 | -€109,590 | -46.7% |
| Taxes, remuneration and social security | 45 | €23,852 | €12,428 | -€11,425 | -47.9% |
| Taxes | 450/3 | €12,652 | €9,628 | -€3,025 | -23.9% |
| Remuneration and social security | 454/9 | €11,200 | €2,800 | -€8,400 | -75.0% |
| Other amounts payable | 47/48 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €125 | €6,530 | +€6,405 | +5,124% |
| Gross operating margin | 9900 | €55,905 | €33,184 | -€22,721 | -40.6% |
| Operating profit (loss) | 9901 | €55,780 | €26,654 | -€29,125 | -52.2% |
| Financial income | 75/76B | €2,473 | €1,450 | -€1,023 | -41.4% |
| Recurring financial income | 75 | €2,473 | €1,450 | -€1,023 | -41.4% |
| Financial charges | 65/66B | €127 | €1,804 | +€1,677 | +1,325% |
| Recurring financial charges | 65 | €127 | €1,804 | +€1,677 | +1,325% |
| Profit (loss) for the period before taxes | 9903 | €58,126 | €26,300 | -€31,826 | -54.8% |
| Income taxes | 67/77 | €12,652 | €30,842 | +€18,190 | +144% |
| Profit (loss) for the period | 9904 | €45,474 | -€4,541 | -€50,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,474 | -€4,541 | -€50,015 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.