CREATIVE & MANAGEMENT GROUP: 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 & MANAGEMENT GROUP
Largest movements
- Cash -€188,415
down €188,415 (-22.5%), from €838,552 to €650,137
mainly Contributions, distributions and other (-€1.1m) and Other debts (-€238,526)
- Receivables within one year -€68,236
down €68,236 (-9.6%), from €714,418 to €646,182
of which Other amounts receivable: -€81,206
- Other debts -€238,526
down €238,526 (-11.1%), from €2.2m to €1.9m
- Gross operating margin +€402,027
up €402,027 (+31.8%), from €1.3m to €1.7m
- Taxes +€95,379
up €95,379 (+34.3%), from €277,916 to €373,296
- Staff costs -€42,230
down €42,230 (-31.0%), from €136,419 to €94,189
- Write-downs +€40,000
no longer reported in 2025 (was -€40,000)
- Financial income -€37,294
down €37,294 (-62.5%), from €59,679 to €22,385
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 | €4,574,862 | €4,273,922 | -€300,940 | -6.6% |
| Fixed assets | 21/28 | €1,613,233 | €1,574,310 | -€38,923 | -2.4% |
| Tangible fixed assets | 22/27 | €338,233 | €299,310 | -€38,923 | -11.5% |
| Land and buildings | 22 | €278,545 | €249,979 | -€28,566 | -10.3% |
| Plant, machinery and equipment | 23 | €492 | €124 | -€368 | -74.8% |
| Furniture and vehicles | 24 | €1,269 | €23,819 | +€22,550 | +1,778% |
| Other tangible fixed assets | 26 | €57,927 | €25,387 | -€32,539 | -56.2% |
| Financial fixed assets | 28 | €1,275,000 | €1,275,000 | = | 0.0% |
| Current assets | 29/58 | €2,961,629 | €2,699,612 | -€262,017 | -8.8% |
| Amounts receivable within one year | 40/41 | €714,418 | €646,182 | -€68,236 | -9.6% |
| Trade receivables | 40 | €463,315 | €476,284 | +€12,970 | +2.8% |
| Other amounts receivable | 41 | €251,103 | €169,898 | -€81,206 | -32.3% |
| Current investments | 50/53 | €1,397,714 | €1,397,714 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €838,552 | €650,137 | -€188,415 | -22.5% |
| Deferred charges and accrued income | 490/1 | €10,945 | €5,579 | -€5,366 | -49.0% |
| Total equity and liabilities | 10/49 | €4,574,862 | €4,273,922 | -€300,940 | -6.6% |
| Equity | 10/15 | €1,716,152 | €1,724,900 | +€8,748 | +0.5% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €1,530,152 | €1,538,900 | +€8,748 | +0.6% |
| Distributable reserves | 133 | €1,530,152 | €1,538,900 | +€8,748 | +0.6% |
| Amounts payable | 17/49 | €2,858,710 | €2,549,022 | -€309,688 | -10.8% |
| Amounts payable within one year | 42/48 | €2,858,710 | €2,549,022 | -€309,688 | -10.8% |
| Trade debts | 44 | €644,954 | €601,199 | -€43,755 | -6.8% |
| Suppliers | 440/4 | €644,954 | €601,199 | -€43,755 | -6.8% |
| Taxes, remuneration and social security | 45 | €58,223 | €30,815 | -€27,408 | -47.1% |
| Taxes | 450/3 | €8,400 | - | -€8,400 | |
| Remuneration and social security | 454/9 | €49,823 | €30,815 | -€19,008 | -38.2% |
| Other amounts payable | 47/48 | €2,155,534 | €1,917,008 | -€238,526 | -11.1% |
| Remuneration, social security and pensions | 62 | €136,419 | €94,189 | -€42,230 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,829 | €70,923 | -€12,906 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€40,000 | - | +€40,000 | |
| Other operating charges | 640/8 | €19,865 | €16,571 | -€3,294 | -16.6% |
| Gross operating margin | 9900 | €1,262,558 | €1,664,585 | +€402,027 | +31.8% |
| Operating profit (loss) | 9901 | €1,062,445 | €1,482,902 | +€420,457 | +39.6% |
| Financial income | 75/76B | €59,679 | €22,385 | -€37,294 | -62.5% |
| Recurring financial income | 75 | €59,679 | €22,385 | -€37,294 | -62.5% |
| Financial charges | 65/66B | €22,484 | €23,243 | +€759 | +3.4% |
| Recurring financial charges | 65 | €22,484 | €23,243 | +€759 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,099,640 | €1,482,044 | +€382,403 | +34.8% |
| Income taxes | 67/77 | €277,916 | €373,296 | +€95,379 | +34.3% |
| Profit (loss) for the period | 9904 | €821,724 | €1,108,748 | +€287,024 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €821,724 | €1,108,748 | +€287,024 | +34.9% |
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 21 October 2026 via checked.be.