CREATIVE PROJECT: 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 PROJECT
Largest movements
- Cash -€18,891
down €18,891 (-88.2%), from €21,408 to €2,517
mainly Net result for the year (-€33,039) and Receivables within one year (-€14,839)
- Receivables within one year +€14,839
up €14,839 (+35.4%), from €41,905 to €56,744
of which Trade receivables: +€24,123
- Tangible fixed assets -€2,000
down €2,000 (-42.2%), from €4,734 to €2,735
- Profit (loss) carried forward -€33,039
down €33,039, from €4,277 to -€28,762
- Trade debts +€19,811
up €19,811 (+51.3%), from €38,596 to €58,406
- Tax, wage and social debts +€4,693
up €4,693 (+46.1%), from €10,175 to €14,868
of which Remuneration and social security: +€9,626
- Other debts +€2,484
new in 2023: €2,484
- Turnover -€130,224
down €130,224 (-20.6%), from €633,569 to €503,345
- Gross operating margin -€96,766
down €96,766, from €66,471 to -€30,295
- Purchases and services -€35,033
down €35,033 (-6.2%), from €567,950 to €532,917
- Write-downs -€14,342
no longer reported in 2023 (was €14,342)
- Other operating charges -€7,651
no longer reported in 2023 (was €7,651)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,047 | €61,996 | -€6,052 | -8.9% |
| Fixed assets | 21/28 | €4,734 | €2,735 | -€2,000 | -42.2% |
| Tangible fixed assets | 22/27 | €4,734 | €2,735 | -€2,000 | -42.2% |
| Furniture and vehicles | 24 | €4,734 | €2,735 | -€2,000 | -42.2% |
| Current assets | 29/58 | €63,313 | €59,261 | -€4,052 | -6.4% |
| Amounts receivable within one year | 40/41 | €41,905 | €56,744 | +€14,839 | +35.4% |
| Trade receivables | 40 | €25,059 | €49,181 | +€24,123 | +96.3% |
| Other amounts receivable | 41 | €16,846 | €7,563 | -€9,283 | -55.1% |
| Cash at bank and in hand | 54/58 | €21,408 | €2,517 | -€18,891 | -88.2% |
| Total equity and liabilities | 10/49 | €68,047 | €61,996 | -€6,052 | -8.9% |
| Equity | 10/15 | €19,277 | -€13,762 | -€33,039 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Other | 1109/19 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | €4,277 | -€28,762 | -€33,039 | |
| Amounts payable | 17/49 | €48,771 | €75,758 | +€26,987 | +55.3% |
| Amounts payable within one year | 42/48 | €48,771 | €75,758 | +€26,987 | +55.3% |
| Trade debts | 44 | €38,596 | €58,406 | +€19,811 | +51.3% |
| Suppliers | 440/4 | €38,596 | €58,406 | +€19,811 | +51.3% |
| Taxes, remuneration and social security | 45 | €10,175 | €14,868 | +€4,693 | +46.1% |
| Taxes | 450/3 | €6,975 | €2,042 | -€4,933 | -70.7% |
| Remuneration and social security | 454/9 | €3,200 | €12,826 | +€9,626 | +301% |
| Other amounts payable | 47/48 | - | €2,484 | +€2,484 | |
| Turnover | 70 | €633,569 | €503,345 | -€130,224 | -20.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €567,950 | €532,917 | -€35,033 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €2,000 | +€734 | +58.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,342 | - | -€14,342 | |
| Other operating charges | 640/8 | €7,651 | - | -€7,651 | |
| Gross operating margin | 9900 | €66,471 | -€30,295 | -€96,766 | |
| Operating profit (loss) | 9901 | €43,212 | -€32,295 | -€75,507 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -94.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -94.0% |
| Financial charges | 65/66B | €1,236 | €744 | -€492 | -39.8% |
| Recurring financial charges | 65 | €1,236 | €744 | -€492 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €41,978 | -€33,039 | -€75,017 | |
| Income taxes | 67/77 | €3,189 | - | -€3,189 | |
| Profit (loss) for the period | 9904 | €38,789 | -€33,039 | -€71,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,789 | -€33,039 | -€71,828 |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.