CREATIVE COMMUNICATION: 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.
CREATIVE COMMUNICATION
Largest movements
- Tangible fixed assets -€46,431
down €46,431 (-13.3%), from €349,354 to €302,924
of which Land and buildings: -€33,990
- Cash +€28,168
up €28,168 (+48.5%), from €58,082 to €86,250
mainly Depreciation (+€63,307) and Receivables within one year (+€22,874)
- Receivables within one year -€22,874
down €22,874 (-32.7%), from €69,850 to €46,976
of which Trade receivables: -€14,222
- Debts after one year -€14,580
down €14,580 (-56.9%), from €25,602 to €11,022
- Other debts -€10,482
down €10,482 (-4.0%), from €264,334 to €253,852
- Profit (loss) carried forward -€10,346
new in 2025: -€10,346
- Trade debts -€5,893
down €5,893 (-30.8%), from €19,123 to €13,230
- Gross operating margin -€53,978
down €53,978 (-47.7%), from €113,184 to €59,206
- Taxes -€10,639
down €10,639 (-92.9%), from €11,453 to €814
- Depreciation +€9,926
up €9,926 (+18.6%), from €53,380 to €63,307
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 | €491,570 | €447,325 | -€44,246 | -9.0% |
| Fixed assets | 21/28 | €349,354 | €302,924 | -€46,431 | -13.3% |
| Tangible fixed assets | 22/27 | €349,354 | €302,924 | -€46,431 | -13.3% |
| Land and buildings | 22 | €290,105 | €256,115 | -€33,990 | -11.7% |
| Plant, machinery and equipment | 23 | €41,811 | €32,099 | -€9,712 | -23.2% |
| Furniture and vehicles | 24 | €15,207 | €12,722 | -€2,485 | -16.3% |
| Other tangible fixed assets | 26 | €2,231 | €1,988 | -€243 | -10.9% |
| Current assets | 29/58 | €142,216 | €144,401 | +€2,185 | +1.5% |
| Stocks and contracts in progress | 3 | €12,262 | €7,899 | -€4,362 | -35.6% |
| Stocks | 30/36 | €12,262 | €7,899 | -€4,362 | -35.6% |
| Amounts receivable within one year | 40/41 | €69,850 | €46,976 | -€22,874 | -32.7% |
| Trade receivables | 40 | €51,584 | €37,362 | -€14,222 | -27.6% |
| Other amounts receivable | 41 | €18,266 | €9,613 | -€8,652 | -47.4% |
| Cash at bank and in hand | 54/58 | €58,082 | €86,250 | +€28,168 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,023 | €3,276 | +€1,253 | +62.0% |
| Total equity and liabilities | 10/49 | €491,570 | €447,325 | -€44,246 | -9.0% |
| Equity | 10/15 | €151,680 | €141,334 | -€10,346 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,280 | €139,280 | = | 0.0% |
| Distributable reserves | 133 | €139,280 | €139,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,346 | -€10,346 | |
| Amounts payable | 17/49 | €339,890 | €305,990 | -€33,899 | -10.0% |
| Amounts payable after more than one year | 17 | €25,602 | €11,022 | -€14,580 | -56.9% |
| Financial debts | 170/4 | €25,602 | €11,022 | -€14,580 | -56.9% |
| Amounts payable within one year | 42/48 | €314,288 | €294,968 | -€19,320 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €14,447 | €14,580 | +€132 | +0.9% |
| Financial debts | 43 | €3,967 | €4,562 | +€595 | +15.0% |
| Credit institutions | 430/8 | €3,967 | €4,562 | +€595 | +15.0% |
| Trade debts | 44 | €19,123 | €13,230 | -€5,893 | -30.8% |
| Suppliers | 440/4 | €19,123 | €13,230 | -€5,893 | -30.8% |
| Advances received on contracts in progress | 46 | €1,936 | €1,936 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,482 | €6,809 | -€3,673 | -35.0% |
| Taxes | 450/3 | €10,482 | €6,809 | -€3,673 | -35.0% |
| Other amounts payable | 47/48 | €264,334 | €253,852 | -€10,482 | -4.0% |
| Non-recurring operating income | 76A | - | €94 | +€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,380 | €63,307 | +€9,926 | +18.6% |
| Other operating charges | 640/8 | €3,094 | €3,164 | +€70 | +2.3% |
| Gross operating margin | 9900 | €113,184 | €59,206 | -€53,978 | -47.7% |
| Operating profit (loss) | 9901 | €56,709 | -€7,265 | -€63,974 | |
| Financial income | 75/76B | €81 | €11 | -€70 | -86.5% |
| Recurring financial income | 75 | €81 | €11 | -€70 | -86.5% |
| Financial charges | 65/66B | €1,935 | €2,278 | +€343 | +17.7% |
| Recurring financial charges | 65 | €1,935 | €2,278 | +€343 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €54,855 | -€9,532 | -€64,387 | |
| Income taxes | 67/77 | €11,453 | €814 | -€10,639 | -92.9% |
| Profit (loss) for the period | 9904 | €43,402 | -€10,346 | -€53,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,402 | -€10,346 | -€53,748 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.