Creative Minds: 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 Minds
Largest movements
- Stocks and contracts +€61,701
up €61,701 (+304%), from €20,299 to €82,000
- Tangible fixed assets -€50,171
down €50,171 (-5.9%), from €846,799 to €796,628
of which Land and buildings: -€44,973
- Receivables within one year -€13,455
down €13,455 (-24.2%), from €55,577 to €42,121
of which Other amounts receivable: -€24,000
- Other debts +€47,437
up €47,437 (+31.6%), from €150,134 to €197,570
- Profit (loss) carried forward -€34,896
down €34,896 (-26.4%), from €132,332 to €97,436
- Debts after one year -€21,235
down €21,235 (-4.2%), from €500,815 to €479,580
- Gross operating margin -€26,245
down €26,245 (-32.4%), from €81,067 to €54,821
- Depreciation +€7,092
up €7,092 (+16.5%), from €43,078 to €50,171
- Taxes +€7,081
up €7,081 (+70.8%), from €10,000 to €17,081
- Financial charges +€4,503
up €4,503 (+37.0%), from €12,173 to €16,676
- Other operating charges +€2,513
up €2,513 (+74.0%), from €3,398 to €5,911
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 | €950,552 | €946,910 | -€3,641 | -0.4% |
| Fixed assets | 21/28 | €846,799 | €796,628 | -€50,171 | -5.9% |
| Tangible fixed assets | 22/27 | €846,799 | €796,628 | -€50,171 | -5.9% |
| Land and buildings | 22 | €829,203 | €784,229 | -€44,973 | -5.4% |
| Plant, machinery and equipment | 23 | €4,064 | €1,701 | -€2,363 | -58.1% |
| Furniture and vehicles | 24 | €13,533 | €10,698 | -€2,835 | -20.9% |
| Current assets | 29/58 | €103,753 | €150,282 | +€46,529 | +44.8% |
| Stocks and contracts in progress | 3 | €20,299 | €82,000 | +€61,701 | +304% |
| Stocks | 30/36 | €20,299 | €82,000 | +€61,701 | +304% |
| Amounts receivable within one year | 40/41 | €55,577 | €42,121 | -€13,455 | -24.2% |
| Trade receivables | 40 | €31,577 | €42,121 | +€10,545 | +33.4% |
| Other amounts receivable | 41 | €24,000 | - | -€24,000 | |
| Cash at bank and in hand | 54/58 | €27,877 | €26,160 | -€1,717 | -6.2% |
| Total equity and liabilities | 10/49 | €950,552 | €946,910 | -€3,641 | -0.4% |
| Equity | 10/15 | €241,309 | €206,412 | -€34,896 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,377 | €90,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €88,517 | €90,377 | +€1,860 | +2.1% |
| Profit (loss) carried forward | 14 | €132,332 | €97,436 | -€34,896 | -26.4% |
| Amounts payable | 17/49 | €709,243 | €740,498 | +€31,255 | +4.4% |
| Amounts payable after more than one year | 17 | €500,815 | €479,580 | -€21,235 | -4.2% |
| Financial debts | 170/4 | €500,815 | €479,580 | -€21,235 | -4.2% |
| Amounts payable within one year | 42/48 | €208,427 | €260,918 | +€52,490 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €20,963 | €21,235 | +€272 | +1.3% |
| Trade debts | 44 | €34,879 | €30,885 | -€3,994 | -11.5% |
| Suppliers | 440/4 | €34,879 | €30,885 | -€3,994 | -11.5% |
| Taxes, remuneration and social security | 45 | €2,452 | €11,227 | +€8,775 | +358% |
| Taxes | 450/3 | €2,452 | €11,227 | +€8,775 | +358% |
| Other amounts payable | 47/48 | €150,134 | €197,570 | +€47,437 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,078 | €50,171 | +€7,092 | +16.5% |
| Other operating charges | 640/8 | €3,398 | €5,911 | +€2,513 | +74.0% |
| Gross operating margin | 9900 | €81,067 | €54,821 | -€26,245 | -32.4% |
| Operating profit (loss) | 9901 | €34,590 | -€1,260 | -€35,851 | |
| Financial income | 75/76B | €767 | €121 | -€647 | -84.3% |
| Recurring financial income | 75 | €767 | €121 | -€647 | -84.3% |
| Financial charges | 65/66B | €12,173 | €16,676 | +€4,503 | +37.0% |
| Recurring financial charges | 65 | €12,173 | €16,676 | +€4,503 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €23,184 | -€17,816 | -€41,000 | |
| Income taxes | 67/77 | €10,000 | €17,081 | +€7,081 | +70.8% |
| Profit (loss) for the period | 9904 | €13,184 | -€34,896 | -€48,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,184 | -€34,896 | -€48,081 |
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 13 October 2026 via checked.be.