CREATIVE RESEARCH SOLUTIONS: 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 RESEARCH SOLUTIONS
Largest movements
- Cash +€50,875
up €50,875 (+72.8%), from €69,894 to €120,769
mainly Net result for the year (+€105,169) and Tax, wage and social debts (+€17,138)
- Tangible fixed assets +€44,669
up €44,669 (+381%), from €11,715 to €56,384
- Reserves +€105,169
up €105,169 (+321%), from €32,759 to €137,928
- Tax, wage and social debts +€17,138
up €17,138 (+170%), from €10,100 to €27,238
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Other debts -€12,383
down €12,383 (-37.8%), from €32,781 to €20,398
- Taxes +€32,662
up €32,662 (+193%), from €16,928 to €49,590
- Depreciation +€7,291
up €7,291 (+301%), from €2,424 to €9,715
- Gross operating margin +€5,406
up €5,406 (+3.4%), from €160,138 to €165,543
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 | €110,703 | €206,354 | +€95,651 | +86.4% |
| Fixed assets | 21/28 | €14,685 | €59,354 | +€44,669 | +304% |
| Tangible fixed assets | 22/27 | €11,715 | €56,384 | +€44,669 | +381% |
| Furniture and vehicles | 24 | €11,715 | €56,384 | +€44,669 | +381% |
| Financial fixed assets | 28 | €2,970 | €2,970 | = | 0.0% |
| Current assets | 29/58 | €96,018 | €147,000 | +€50,982 | +53.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,123 | €25,501 | -€623 | -2.4% |
| Trade receivables | 40 | €26,049 | €25,501 | -€548 | -2.1% |
| Other amounts receivable | 41 | €74 | - | -€74 | |
| Cash at bank and in hand | 54/58 | €69,894 | €120,769 | +€50,875 | +72.8% |
| Deferred charges and accrued income | 490/1 | - | €730 | +€730 | |
| Total equity and liabilities | 10/49 | €110,703 | €206,354 | +€95,651 | +86.4% |
| Equity | 10/15 | €52,759 | €157,928 | +€105,169 | +199% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,759 | €137,928 | +€105,169 | +321% |
| Distributable reserves | 133 | €32,759 | €137,928 | +€105,169 | +321% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €57,944 | €48,426 | -€9,518 | -16.4% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €42,944 | €48,426 | +€5,482 | +12.8% |
| Trade debts | 44 | €63 | €790 | +€727 | +1,154% |
| Suppliers | 440/4 | €63 | €790 | +€727 | +1,154% |
| Taxes, remuneration and social security | 45 | €10,100 | €27,238 | +€17,138 | +170% |
| Taxes | 450/3 | €10,100 | €27,238 | +€17,138 | +170% |
| Other amounts payable | 47/48 | €32,781 | €20,398 | -€12,383 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,424 | €9,715 | +€7,291 | +301% |
| Other operating charges | 640/8 | €0 | €827 | +€827 | |
| Gross operating margin | 9900 | €160,138 | €165,543 | +€5,406 | +3.4% |
| Operating profit (loss) | 9901 | €157,714 | €155,002 | -€2,712 | -1.7% |
| Financial income | 75/76B | €17 | €24 | +€7 | +43.4% |
| Recurring financial income | 75 | €17 | €24 | +€7 | +43.4% |
| Financial charges | 65/66B | €256 | €267 | +€11 | +4.3% |
| Recurring financial charges | 65 | €256 | €267 | +€11 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €157,474 | €154,759 | -€2,715 | -1.7% |
| Income taxes | 67/77 | €16,928 | €49,590 | +€32,662 | +193% |
| Profit (loss) for the period | 9904 | €140,546 | €105,169 | -€35,377 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,546 | €105,169 | -€35,377 | -25.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.