CREATIVE CONNECTION: 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 CONNECTION
Largest movements
- Cash -€29,252
down €29,252 (-58.4%), from €50,107 to €20,855
mainly Receivables within one year (-€21,869) and Net result for the year (-€8,820)
- Receivables within one year +€21,869
up €21,869 (+152.2%), from €14,368 to €36,237
of which Trade receivables: +€21,434
- Tangible fixed assets -€12,644
down €12,644 (-26.1%), from €48,374 to €35,729
- Deferred charges and accrued income -€1,281
down €1,281 (-37.1%), from €3,452 to €2,170
- Profit (loss) carried forward -€8,820
down €8,820, from €32 to -€8,788
- Debts after one year -€6,871
down €6,871 (-46.8%), from €14,680 to €7,809
- Tax, wage and social debts -€3,277
down €3,277 (-94.4%), from €3,473 to €196
- Trade debts -€2,649
down €2,649 (-82.4%), from €3,213 to €565
- Gross operating margin -€23,524
down €23,524 (-81.1%), from €28,998 to €5,475
- Taxes -€5,454
down €5,454 (-96.5%), from €5,650 to €196
- Financial charges -€351
down €351 (-26.9%), from €1,306 to €955
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 | €117,683 | €96,374 | -€21,308 | -18.1% |
| Fixed assets | 21/28 | €49,756 | €37,111 | -€12,644 | -25.4% |
| Tangible fixed assets | 22/27 | €48,374 | €35,729 | -€12,644 | -26.1% |
| Furniture and vehicles | 24 | €48,374 | €35,729 | -€12,644 | -26.1% |
| Financial fixed assets | 28 | €1,382 | €1,382 | = | 0.0% |
| Current assets | 29/58 | €67,927 | €59,263 | -€8,664 | -12.8% |
| Amounts receivable within one year | 40/41 | €14,368 | €36,237 | +€21,869 | +152.2% |
| Trade receivables | 40 | €13,393 | €34,826 | +€21,434 | +160.0% |
| Other amounts receivable | 41 | €976 | €1,411 | +€435 | +44.6% |
| Cash at bank and in hand | 54/58 | €50,107 | €20,855 | -€29,252 | -58.4% |
| Deferred charges and accrued income | 490/1 | €3,452 | €2,170 | -€1,281 | -37.1% |
| Total equity and liabilities | 10/49 | €117,683 | €96,374 | -€21,308 | -18.1% |
| Equity | 10/15 | €89,633 | €80,813 | -€8,820 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,401 | €83,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €83,401 | €83,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32 | -€8,788 | -€8,820 | |
| Amounts payable | 17/49 | €28,050 | €15,561 | -€12,489 | -44.5% |
| Amounts payable after more than one year | 17 | €14,680 | €7,809 | -€6,871 | -46.8% |
| Financial debts | 170/4 | €14,680 | €7,809 | -€6,871 | -46.8% |
| Amounts payable within one year | 42/48 | €13,249 | €7,632 | -€5,617 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €6,563 | €6,871 | +€309 | +4.7% |
| Trade debts | 44 | €3,213 | €565 | -€2,649 | -82.4% |
| Suppliers | 440/4 | €3,213 | €565 | -€2,649 | -82.4% |
| Taxes, remuneration and social security | 45 | €3,473 | €196 | -€3,277 | -94.4% |
| Taxes | 450/3 | €3,473 | €196 | -€3,277 | -94.4% |
| Accrued charges and deferred income | 492/3 | €120 | €120 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,403 | €12,644 | +€241 | +1.9% |
| Other operating charges | 640/8 | €834 | €574 | -€260 | -31.2% |
| Gross operating margin | 9900 | €28,998 | €5,475 | -€23,524 | -81.1% |
| Operating profit (loss) | 9901 | €15,762 | -€7,744 | -€23,505 | |
| Financial income | 75/76B | €51 | €74 | +€23 | +45.6% |
| Recurring financial income | 75 | €51 | €74 | +€23 | +45.6% |
| Financial charges | 65/66B | €1,306 | €955 | -€351 | -26.9% |
| Recurring financial charges | 65 | €1,306 | €955 | -€351 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €14,507 | -€8,624 | -€23,131 | |
| Income taxes | 67/77 | €5,650 | €196 | -€5,454 | -96.5% |
| Profit (loss) for the period | 9904 | €8,857 | -€8,820 | -€17,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,857 | -€8,820 | -€17,677 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.