CREATIVE ASSOCIATES: 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.
CREATIVE ASSOCIATES
Largest movements
- Cash -€21,179
down €21,179 (-13.3%), from €159,801 to €138,622
mainly Net result for the year (-€16,557) and Receivables within one year (-€6,976)
- Receivables within one year +€6,976
up €6,976 (+28.0%), from €24,910 to €31,886
of which Other amounts receivable: +€6,542
- Stocks and contracts -€2,555
down €2,555 (-100%), from €2,555 to €0
- Profit (loss) carried forward -€16,557
down €16,557 (-19.5%), from -€85,101 to -€101,658
- Gross operating margin +€17,172
up €17,172 (+54.9%), from -€31,262 to -€14,091
- Write-downs +€2,882
new in 2025: €2,882
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 | €187,266 | €170,508 | -€16,757 | -8.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €187,266 | €170,508 | -€16,757 | -8.9% |
| Stocks and contracts in progress | 3 | €2,555 | €0 | -€2,555 | -100% |
| Stocks | 30/36 | €2,555 | €0 | -€2,555 | -100% |
| Amounts receivable within one year | 40/41 | €24,910 | €31,886 | +€6,976 | +28.0% |
| Trade receivables | 40 | €1,566 | €2,000 | +€434 | +27.7% |
| Other amounts receivable | 41 | €23,344 | €29,886 | +€6,542 | +28.0% |
| Cash at bank and in hand | 54/58 | €159,801 | €138,622 | -€21,179 | -13.3% |
| Total equity and liabilities | 10/49 | €187,266 | €170,508 | -€16,757 | -8.9% |
| Equity | 10/15 | €186,923 | €170,366 | -€16,557 | -8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €259,624 | €259,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €259,624 | €259,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,101 | -€101,658 | -€16,557 | -19.5% |
| Amounts payable | 17/49 | €343 | €142 | -€201 | -58.6% |
| Amounts payable within one year | 42/48 | €343 | €142 | -€201 | -58.6% |
| Trade debts | 44 | €343 | €142 | -€201 | -58.6% |
| Suppliers | 440/4 | €343 | €142 | -€201 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €0 | -€236 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,882 | +€2,882 | |
| Other operating charges | 640/8 | €366 | €424 | +€58 | +15.8% |
| Gross operating margin | 9900 | -€31,262 | -€14,091 | +€17,172 | +54.9% |
| Operating profit (loss) | 9901 | -€31,864 | -€17,397 | +€14,467 | +45.4% |
| Financial income | 75/76B | €1,368 | €1,417 | +€49 | +3.6% |
| Recurring financial income | 75 | €1,368 | €1,417 | +€49 | +3.6% |
| Financial charges | 65/66B | €438 | €576 | +€137 | +31.4% |
| Recurring financial charges | 65 | €438 | €576 | +€137 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,934 | -€16,555 | +€14,379 | +46.5% |
| Income taxes | 67/77 | €1 | €1 | +€1 | +141% |
| Profit (loss) for the period | 9904 | -€30,935 | -€16,557 | +€14,378 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,935 | -€16,557 | +€14,378 | +46.5% |
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 30 October 2026 via checked.be.