CREATIVE CONCEPT: 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 CONCEPT
Largest movements
- Cash -€128,728
down €128,728 (-88.1%), from €146,125 to €17,397
mainly Current investments (-€119,500) and Debts after one year (-€9,244)
- Current investments +€119,500
up €119,500 (+106.7%), from €112,000 to €231,500
- Tangible fixed assets -€6,832
down €6,832 (-37.1%), from €18,423 to €11,592
- Debts after one year -€9,244
down €9,244 (-12.6%), from €73,186 to €63,941
- Trade debts -€5,952
down €5,952 (-100.0%), from €5,952 to €0
- Tax, wage and social debts -€3,126
down €3,126 (-54.2%), from €5,773 to €2,647
of which Remuneration and social security: -€2,819
- Staff costs -€17,768
down €17,768 (-34.0%), from €52,277 to €34,508
- Gross operating margin -€13,355
down €13,355 (-24.9%), from €53,646 to €40,291
- Financial income +€3,792
up €3,792 (+465.3%), from €815 to €4,607
- Write-downs -€2,040
down €2,040, from €1,020 to -€1,020
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.
Cash bridge derived
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 | €280,418 | €263,253 | -€17,165 | -6.1% |
| Fixed assets | 21/28 | €21,121 | €14,304 | -€6,816 | -32.3% |
| Tangible fixed assets | 22/27 | €18,423 | €11,592 | -€6,832 | -37.1% |
| Furniture and vehicles | 24 | €18,423 | €11,592 | -€6,832 | -37.1% |
| Financial fixed assets | 28 | €2,697 | €2,713 | +€15 | +0.6% |
| Current assets | 29/58 | €259,297 | €248,949 | -€10,349 | -4.0% |
| Amounts receivable within one year | 40/41 | €214 | €51 | -€163 | -76.1% |
| Trade receivables | 40 | €214 | €51 | -€163 | -76.1% |
| Current investments | 50/53 | €112,000 | €231,500 | +€119,500 | +106.7% |
| Cash at bank and in hand | 54/58 | €146,125 | €17,397 | -€128,728 | -88.1% |
| Deferred charges and accrued income | 490/1 | €958 | - | -€958 | |
| Total equity and liabilities | 10/49 | €280,418 | €263,253 | -€17,165 | -6.1% |
| Equity | 10/15 | €179,343 | €179,171 | -€172 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,200 | €106,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,543 | €54,371 | -€172 | -0.3% |
| Amounts payable | 17/49 | €101,075 | €84,082 | -€16,993 | -16.8% |
| Amounts payable after more than one year | 17 | €73,186 | €63,941 | -€9,244 | -12.6% |
| Financial debts | 170/4 | €73,186 | €63,941 | -€9,244 | -12.6% |
| Amounts payable within one year | 42/48 | €27,890 | €20,141 | -€7,749 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €8,873 | €9,244 | +€371 | +4.2% |
| Trade debts | 44 | €5,952 | €0 | -€5,952 | -100.0% |
| Suppliers | 440/4 | €5,952 | €0 | -€5,952 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,773 | €2,647 | -€3,126 | -54.2% |
| Taxes | 450/3 | €463 | €156 | -€308 | -66.4% |
| Remuneration and social security | 454/9 | €5,310 | €2,491 | -€2,819 | -53.1% |
| Other amounts payable | 47/48 | €7,291 | €8,249 | +€959 | +13.1% |
| Non-recurring operating income | 76A | - | €5,228 | +€5,228 | |
| Remuneration, social security and pensions | 62 | €52,277 | €34,508 | -€17,768 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,832 | €6,832 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,020 | -€1,020 | -€2,040 | |
| Other operating charges | 640/8 | €205 | €185 | -€21 | -10.0% |
| Gross operating margin | 9900 | €53,646 | €40,291 | -€13,355 | -24.9% |
| Operating profit (loss) | 9901 | -€6,688 | -€214 | +€6,475 | +96.8% |
| Financial income | 75/76B | €815 | €4,607 | +€3,792 | +465.3% |
| Recurring financial income | 75 | €815 | €4,607 | +€3,792 | +465.3% |
| Financial charges | 65/66B | €4,288 | €4,346 | +€58 | +1.3% |
| Recurring financial charges | 65 | €4,288 | €4,346 | +€58 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,161 | €48 | +€10,209 | |
| Income taxes | 67/77 | €241 | €220 | -€22 | -8.9% |
| Profit (loss) for the period | 9904 | -€10,403 | -€172 | +€10,231 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,403 | -€172 | +€10,231 | +98.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.