CREATIVE CONSPIRACY: 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 CONSPIRACY
Largest movements
- Deferred charges and accrued income -€215,906
down €215,906 (-34.3%), from €628,803 to €412,897
- Receivables within one year +€81,683
up €81,683 (+265.0%), from €30,827 to €112,510
of which Other amounts receivable: +€92,384
- Cash -€31,545
down €31,545 (-50.7%), from €62,246 to €30,701
mainly Short-term financial debts (-€300,000) and Net result for the year (-€87,838)
- Tangible fixed assets +€10,942
up €10,942 (+59.1%), from €18,524 to €29,466
of which Other tangible fixed assets: +€13,347
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
- Trade debts +€245,439
up €245,439 (+162.7%), from €150,840 to €396,279
- Reserves -€87,838
down €87,838 (-43.2%), from €203,140 to €115,302
of which Distributable reserves: -€87,838
- Gross operating margin -€49,222
down €49,222, from €38,373 to -€10,849
- Staff costs -€19,492
no longer reported in 2025 (was €19,492)
- Taxes -€10,164
down €10,164 (-97.6%), from €10,411 to €247
- Financial charges +€9,927
up €9,927 (+15.9%), from €62,591 to €72,518
- Depreciation -€1,018
down €1,018 (-21.7%), from €4,696 to €3,678
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 | €745,027 | €589,982 | -€155,046 | -20.8% |
| Fixed assets | 21/28 | €23,152 | €33,873 | +€10,722 | +46.3% |
| Intangible fixed assets | 21 | €1,586 | €1,366 | -€220 | -13.9% |
| Tangible fixed assets | 22/27 | €18,524 | €29,466 | +€10,942 | +59.1% |
| Furniture and vehicles | 24 | €4,620 | €2,215 | -€2,406 | -52.1% |
| Other tangible fixed assets | 26 | €13,904 | €27,251 | +€13,347 | +96.0% |
| Financial fixed assets | 28 | €3,042 | €3,042 | = | 0.0% |
| Current assets | 29/58 | €721,876 | €556,108 | -€165,768 | -23.0% |
| Amounts receivable within one year | 40/41 | €30,827 | €112,510 | +€81,683 | +265.0% |
| Trade receivables | 40 | €12,147 | €1,446 | -€10,701 | -88.1% |
| Other amounts receivable | 41 | €18,680 | €111,064 | +€92,384 | +494.6% |
| Cash at bank and in hand | 54/58 | €62,246 | €30,701 | -€31,545 | -50.7% |
| Deferred charges and accrued income | 490/1 | €628,803 | €412,897 | -€215,906 | -34.3% |
| Total equity and liabilities | 10/49 | €745,027 | €589,982 | -€155,046 | -20.8% |
| Equity | 10/15 | €281,540 | €193,702 | -€87,838 | -31.2% |
| Contributions | 10/11 | €78,400 | €78,400 | = | 0.0% |
| Capital | 10 | €78,400 | €78,400 | = | 0.0% |
| Issued capital | 100 | €78,400 | €78,400 | = | 0.0% |
| Reserves | 13 | €203,140 | €115,302 | -€87,838 | -43.2% |
| Non-distributable reserves | 130/1 | €7,840 | €7,840 | = | 0.0% |
| Legal reserve | 130 | €7,840 | €7,840 | = | 0.0% |
| Distributable reserves | 133 | €195,300 | €107,462 | -€87,838 | -45.0% |
| Amounts payable | 17/49 | €463,487 | €396,279 | -€67,208 | -14.5% |
| Amounts payable within one year | 42/48 | €463,487 | €396,279 | -€67,208 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €5,250 | - | -€5,250 | |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €150,840 | €396,279 | +€245,439 | +162.7% |
| Suppliers | 440/4 | €150,840 | €396,279 | +€245,439 | +162.7% |
| Taxes, remuneration and social security | 45 | €7,397 | - | -€7,397 | |
| Remuneration and social security | 454/9 | €7,397 | - | -€7,397 | |
| Non-recurring operating income | 76A | €6,561 | - | -€6,561 | |
| Remuneration, social security and pensions | 62 | €19,492 | - | -€19,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,696 | €3,678 | -€1,018 | -21.7% |
| Other operating charges | 640/8 | €847 | €878 | +€31 | +3.6% |
| Gross operating margin | 9900 | €38,373 | -€10,849 | -€49,222 | |
| Operating profit (loss) | 9901 | €13,338 | -€15,405 | -€28,743 | |
| Financial income | 75/76B | €580 | €333 | -€248 | -42.7% |
| Recurring financial income | 75 | €580 | €333 | -€248 | -42.7% |
| Financial charges | 65/66B | €62,591 | €72,518 | +€9,927 | +15.9% |
| Recurring financial charges | 65 | €62,591 | €72,518 | +€9,927 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,674 | -€87,591 | -€38,917 | -80.0% |
| Income taxes | 67/77 | €10,411 | €247 | -€10,164 | -97.6% |
| Profit (loss) for the period | 9904 | -€59,085 | -€87,838 | -€28,753 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,085 | -€87,838 | -€28,753 | -48.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.