Creativ' Project: what changed
Two fiscal 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' Project
Largest movements
- Receivables within one year -€41,536
down €41,536 (-48.1%), from €86,444 to €44,907
of which Trade receivables: -€43,314
- Stocks and contracts +€28,844
new in 2025: €28,844
- Cash +€22,173
up €22,173 (+218.9%), from €10,128 to €32,301
mainly Debts after one year (+€47,306) and Receivables within one year (+€41,536)
- Deferred charges and accrued income +€20,340
up €20,340 (+21143.4%), from €96 to €20,436
- Intangible fixed assets -€15,531
down €15,531 (-13.8%), from €112,559 to €97,028
- Trade debts -€47,757
down €47,757 (-50.5%), from €94,594 to €46,837
- Debts after one year +€47,306
new in 2025: €47,306
- Other debts -€8,751
down €8,751 (-15.1%), from €57,906 to €49,155
- Current portion of long-term debt +€7,884
new in 2025: €7,884
- Tax, wage and social debts +€4,180
up €4,180 (+141.0%), from €2,965 to €7,146
- Gross operating margin +€41,474
up €41,474, from -€12,141 to €29,332
- Turnover +€38,583
up €38,583 (+17.0%), from €227,380 to €265,963
- Taxes -€8,003
down €8,003 (-95.9%), from €8,347 to €344
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.
Cash bridge derived
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 | €255,428 | €262,214 | +€6,787 | +2.7% |
| Fixed assets | 21/28 | €158,760 | €135,727 | -€23,033 | -14.5% |
| Intangible fixed assets | 21 | €112,559 | €97,028 | -€15,531 | -13.8% |
| Tangible fixed assets | 22/27 | €35,786 | €28,284 | -€7,502 | -21.0% |
| Land and buildings | 22 | €2,507 | €3,472 | +€965 | +38.5% |
| Plant, machinery and equipment | 23 | €2,479 | €2,179 | -€300 | -12.1% |
| Furniture and vehicles | 24 | €30,800 | €22,633 | -€8,167 | -26.5% |
| Financial fixed assets | 28 | €10,415 | €10,415 | = | 0.0% |
| Current assets | 29/58 | €96,668 | €126,488 | +€29,820 | +30.8% |
| Stocks and contracts in progress | 3 | - | €28,844 | +€28,844 | |
| Stocks | 30/36 | - | €28,844 | +€28,844 | |
| Amounts receivable within one year | 40/41 | €86,444 | €44,907 | -€41,536 | -48.1% |
| Trade receivables | 40 | €85,409 | €42,094 | -€43,314 | -50.7% |
| Other amounts receivable | 41 | €1,035 | €2,813 | +€1,778 | +171.8% |
| Cash at bank and in hand | 54/58 | €10,128 | €32,301 | +€22,173 | +218.9% |
| Deferred charges and accrued income | 490/1 | €96 | €20,436 | +€20,340 | +21143.4% |
| Total equity and liabilities | 10/49 | €255,428 | €262,214 | +€6,787 | +2.7% |
| Equity | 10/15 | €99,772 | €102,455 | +€2,683 | +2.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,083 | €3,083 | +€2,000 | +184.7% |
| Non-distributable reserves | 130/1 | €1,083 | €1,083 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,083 | €1,083 | = | 0.0% |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €92,689 | €93,372 | +€683 | +0.7% |
| Amounts payable | 17/49 | €155,655 | €159,759 | +€4,104 | +2.6% |
| Amounts payable after more than one year | 17 | - | €47,306 | +€47,306 | |
| Financial debts | 170/4 | - | €47,306 | +€47,306 | |
| Amounts payable within one year | 42/48 | €155,466 | €111,022 | -€44,444 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,884 | +€7,884 | |
| Trade debts | 44 | €94,594 | €46,837 | -€47,757 | -50.5% |
| Suppliers | 440/4 | €94,594 | €46,837 | -€47,757 | -50.5% |
| Taxes, remuneration and social security | 45 | €2,965 | €7,146 | +€4,180 | +141.0% |
| Taxes | 450/3 | €2,965 | €7,146 | +€4,180 | +141.0% |
| Other amounts payable | 47/48 | €57,906 | €49,155 | -€8,751 | -15.1% |
| Accrued charges and deferred income | 492/3 | €190 | €1,431 | +€1,241 | +655.0% |
| Turnover | 70 | €227,380 | €265,963 | +€38,583 | +17.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €239,521 | €238,497 | -€1,025 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,302 | €24,430 | -€1,872 | -7.1% |
| Other operating charges | 640/8 | €623 | €409 | -€215 | -34.5% |
| Gross operating margin | 9900 | -€12,141 | €29,332 | +€41,474 | |
| Operating profit (loss) | 9901 | -€39,067 | €4,494 | +€43,561 | |
| Financial income | 75/76B | €144 | €32 | -€112 | -77.6% |
| Recurring financial income | 75 | €144 | €32 | -€112 | -77.6% |
| Financial charges | 65/66B | €1,835 | €1,499 | -€336 | -18.3% |
| Recurring financial charges | 65 | €1,835 | €1,499 | -€336 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,757 | €3,027 | +€43,784 | |
| Income taxes | 67/77 | €8,347 | €344 | -€8,003 | -95.9% |
| Profit (loss) for the period | 9904 | -€49,104 | €2,683 | +€51,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,104 | €2,683 | +€51,787 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.