CREATIVE MATTERS: 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 MATTERS
Largest movements
- Receivables within one year +€8,821
new in 2025: €8,821
- Cash -€3,957
down €3,957 (-6.1%), from €65,118 to €61,161
mainly Receivables within one year (-€8,821) and Tax, wage and social debts (-€1,750)
- Tangible fixed assets -€3,288
down €3,288 (-56.0%), from €5,876 to €2,588
of which Plant, machinery and equipment: -€2,101
- Reserves +€60,479
up €60,479 (+1387.1%), from €4,360 to €64,839
of which Distributable reserves: +€64,839
- Profit (loss) carried forward -€58,918
down €58,918 (-100.0%), from €58,918 to €0
- Contributions +€2,500
new in 2025: €2,500
- Tax, wage and social debts -€1,750
down €1,750 (-38.4%), from €4,554 to €2,804
- Other debts -€1,019
down €1,019 (-32.2%), from €3,162 to €2,144
- Turnover -€43,215
no longer reported in 2025 (was €43,215)
- Gross operating margin -€17,469
down €17,469 (-62.5%), from €27,959 to €10,490
- Purchases and services -€15,256
no longer reported in 2025 (was €15,256)
- Depreciation -€6,282
down €6,282 (-65.6%), from €9,571 to €3,288
- Taxes -€2,332
down €2,332 (-50.5%), from €4,620 to €2,288
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 | €70,994 | €72,784 | +€1,789 | +2.5% |
| Fixed assets | 21/28 | €5,876 | €2,588 | -€3,288 | -56.0% |
| Tangible fixed assets | 22/27 | €5,876 | €2,588 | -€3,288 | -56.0% |
| Plant, machinery and equipment | 23 | €2,101 | €0 | -€2,101 | -100.0% |
| Other tangible fixed assets | 26 | €3,775 | €2,588 | -€1,188 | -31.5% |
| Current assets | 29/58 | €65,118 | €70,196 | +€5,078 | +7.8% |
| Amounts receivable within one year | 40/41 | - | €8,821 | +€8,821 | |
| Trade receivables | 40 | - | €8,821 | +€8,821 | |
| Cash at bank and in hand | 54/58 | €65,118 | €61,161 | -€3,957 | -6.1% |
| Deferred charges and accrued income | 490/1 | - | €214 | +€214 | |
| Total equity and liabilities | 10/49 | €70,994 | €72,784 | +€1,789 | +2.5% |
| Equity | 10/15 | €63,278 | €67,339 | +€4,061 | +6.4% |
| Contributions | 10/11 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €4,360 | €64,839 | +€60,479 | +1387.1% |
| Non-distributable reserves | 130/1 | €4,360 | - | -€4,360 | |
| Reserves not available under the articles | 1311 | €4,360 | - | -€4,360 | |
| Distributable reserves | 133 | - | €64,839 | +€64,839 | |
| Profit (loss) carried forward | 14 | €58,918 | €0 | -€58,918 | -100.0% |
| Amounts payable | 17/49 | €7,716 | €5,444 | -€2,272 | -29.4% |
| Amounts payable within one year | 42/48 | €7,716 | €5,444 | -€2,272 | -29.4% |
| Trade debts | 44 | - | €497 | +€497 | |
| Suppliers | 440/4 | - | €497 | +€497 | |
| Taxes, remuneration and social security | 45 | €4,554 | €2,804 | -€1,750 | -38.4% |
| Taxes | 450/3 | €4,554 | €2,804 | -€1,750 | -38.4% |
| Other amounts payable | 47/48 | €3,162 | €2,144 | -€1,019 | -32.2% |
| Turnover | 70 | €43,215 | - | -€43,215 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,256 | - | -€15,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,571 | €3,288 | -€6,282 | -65.6% |
| Other operating charges | 640/8 | €472 | €807 | +€335 | +71.0% |
| Gross operating margin | 9900 | €27,959 | €10,490 | -€17,469 | -62.5% |
| Operating profit (loss) | 9901 | €17,917 | €6,394 | -€11,522 | -64.3% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +4.2% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €17,873 | €6,349 | -€11,524 | -64.5% |
| Income taxes | 67/77 | €4,620 | €2,288 | -€2,332 | -50.5% |
| Profit (loss) for the period | 9904 | €13,253 | €4,061 | -€9,192 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,253 | €4,061 | -€9,192 | -69.4% |
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 5 October 2026 via checked.be.