CREATIVE CAPITAL ANTWERP: 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 CAPITAL ANTWERP
Largest movements
- Financial fixed assets -€521,247
down €521,247 (-4.5%), from €11.6m to €11.0m
- Receivables within one year +€328,094
up €328,094 (+67.3%), from €487,176 to €815,270
of which Trade receivables: +€255,905
- Cash -€283,322
down €283,322 (-45.7%), from €619,598 to €336,276
mainly Debts after one year (-€333,802) and Receivables within one year (-€328,094)
- Debts after one year -€333,802
down €333,802 (-21.4%), from €1.6m to €1.2m
- Other debts -€153,260
down €153,260 (-19.9%), from €770,683 to €617,423
- Gross operating margin -€205,456
down €205,456 (-96.2%), from €213,680 to €8,225
- Financial charges -€166,102
down €166,102 (-28.1%), from €591,370 to €425,268
of which Financial charges: -€171,553
- Financial income +€69,831
up €69,831 (+12.7%), from €550,284 to €620,115
- Other operating charges +€7,691
up €7,691 (+190%), from €4,043 to €11,735
- Staff costs +€3,109
up €3,109 (+3.9%), from €79,092 to €82,202
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 | €14,825,423 | €14,353,812 | -€471,610 | -3.2% |
| Fixed assets | 21/28 | €12,017,203 | €11,426,688 | -€590,515 | -4.9% |
| Tangible fixed assets | 22/27 | €456,659 | €387,390 | -€69,269 | -15.2% |
| Land and buildings | 22 | €250,000 | €250,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,234 | €4,704 | -€1,530 | -24.5% |
| Furniture and vehicles | 24 | €200,425 | €132,686 | -€67,739 | -33.8% |
| Financial fixed assets | 28 | €11,560,544 | €11,039,297 | -€521,247 | -4.5% |
| Current assets | 29/58 | €2,808,220 | €2,927,125 | +€118,905 | +4.2% |
| Amounts receivable after more than one year | 29 | €53,333 | €3,333 | -€50,000 | -93.8% |
| Other amounts receivable | 291 | €53,333 | €3,333 | -€50,000 | -93.8% |
| Stocks and contracts in progress | 3 | €1,643,856 | €1,768,961 | +€125,105 | +7.6% |
| Stocks | 30/36 | €1,643,856 | €1,768,961 | +€125,105 | +7.6% |
| Amounts receivable within one year | 40/41 | €487,176 | €815,270 | +€328,094 | +67.3% |
| Trade receivables | 40 | €263,508 | €519,413 | +€255,905 | +97.1% |
| Other amounts receivable | 41 | €223,668 | €295,858 | +€72,189 | +32.3% |
| Cash at bank and in hand | 54/58 | €619,598 | €336,276 | -€283,322 | -45.7% |
| Deferred charges and accrued income | 490/1 | €4,256 | €3,284 | -€972 | -22.8% |
| Total equity and liabilities | 10/49 | €14,825,423 | €14,353,812 | -€471,610 | -3.2% |
| Equity | 10/15 | €772,224 | €810,554 | +€38,330 | +5.0% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €22,224 | €60,554 | +€38,330 | +172% |
| Distributable reserves | 133 | €22,224 | €60,554 | +€38,330 | +172% |
| Amounts payable | 17/49 | €14,053,199 | €13,543,258 | -€509,940 | -3.6% |
| Amounts payable after more than one year | 17 | €1,558,519 | €1,224,717 | -€333,802 | -21.4% |
| Financial debts | 170/4 | €1,558,519 | €1,224,717 | -€333,802 | -21.4% |
| Amounts payable within one year | 42/48 | €12,361,936 | €12,204,992 | -€156,944 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €328,777 | €333,802 | +€5,024 | +1.5% |
| Financial debts | 43 | €11,025,162 | €11,025,000 | -€162 | 0.0% |
| Credit institutions | 430/8 | €11,025,162 | €11,025,000 | -€162 | 0.0% |
| Trade debts | 44 | €216,546 | €217,522 | +€976 | +0.5% |
| Suppliers | 440/4 | €216,546 | €217,522 | +€976 | +0.5% |
| Taxes, remuneration and social security | 45 | €20,768 | €11,246 | -€9,522 | -45.8% |
| Taxes | 450/3 | €11,285 | €2,480 | -€8,805 | -78.0% |
| Remuneration and social security | 454/9 | €9,482 | €8,766 | -€717 | -7.6% |
| Other amounts payable | 47/48 | €770,683 | €617,423 | -€153,260 | -19.9% |
| Accrued charges and deferred income | 492/3 | €132,743 | €113,549 | -€19,195 | -14.5% |
| Remuneration, social security and pensions | 62 | €79,092 | €82,202 | +€3,109 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,675 | €70,177 | +€2,502 | +3.7% |
| Other operating charges | 640/8 | €4,043 | €11,735 | +€7,691 | +190% |
| Gross operating margin | 9900 | €213,680 | €8,225 | -€205,456 | -96.2% |
| Operating profit (loss) | 9901 | €62,870 | -€155,888 | -€218,758 | |
| Financial income | 75/76B | €550,284 | €620,115 | +€69,831 | +12.7% |
| Recurring financial income | 75 | €550,284 | €620,115 | +€69,831 | +12.7% |
| Financial charges | 65/66B | €591,370 | €425,268 | -€166,102 | -28.1% |
| Recurring financial charges | 65 | €591,370 | €419,817 | -€171,553 | -29.0% |
| Non-recurring financial charges | 66B | €0 | €5,451 | +€5,451 | |
| Profit (loss) for the period before taxes | 9903 | €21,784 | €38,959 | +€17,174 | +78.8% |
| Income taxes | 67/77 | €619 | €629 | +€9 | +1.5% |
| Profit (loss) for the period | 9904 | €21,165 | €38,330 | +€17,165 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,165 | €38,330 | +€17,165 | +81.1% |
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 23 October 2026 via checked.be.