CREATIVE SQUARE: 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 SQUARE
Largest movements
- Cash -€259,113
down €259,113 (-93.0%), from €278,660 to €19,547
mainly Investment in fixed assets (net) (-€203,798) and Trade debts (-€75,599)
- Tangible fixed assets +€183,303
up €183,303 (+347.4%), from €52,770 to €236,073
of which Land and buildings: +€192,287
- Receivables within one year +€9,743
up €9,743 (+240.7%), from €4,048 to €13,791
- Trade debts -€75,599
down €75,599 (-88.1%), from €85,819 to €10,221
- Reserves +€26,802
up €26,802 (+15.8%), from €169,616 to €196,418
- Tax, wage and social debts -€16,792
down €16,792 (-23.8%), from €70,570 to €53,778
of which Taxes: -€16,368
- Gross operating margin -€91,955
down €91,955 (-47.8%), from €192,463 to €100,509
- Taxes -€31,302
down €31,302 (-72.0%), from €43,500 to €12,198
- Other operating charges +€25,781
up €25,781 (+2472.0%), from €1,043 to €26,824
- Staff costs +€9,843
up €9,843 (+223.8%), from €4,398 to €14,242
- Depreciation +€7,528
up €7,528 (+58.0%), from €12,968 to €20,495
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,841 | €269,773 | -€66,068 | -19.7% |
| Fixed assets | 21/28 | €53,133 | €236,436 | +€183,303 | +345.0% |
| Tangible fixed assets | 22/27 | €52,770 | €236,073 | +€183,303 | +347.4% |
| Land and buildings | 22 | - | €192,287 | +€192,287 | |
| Plant, machinery and equipment | 23 | €12,278 | €14,831 | +€2,553 | +20.8% |
| Furniture and vehicles | 24 | €40,492 | €28,955 | -€11,537 | -28.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €282,708 | €33,338 | -€249,371 | -88.2% |
| Amounts receivable within one year | 40/41 | €4,048 | €13,791 | +€9,743 | +240.7% |
| Trade receivables | 40 | €4,048 | €13,791 | +€9,743 | +240.7% |
| Cash at bank and in hand | 54/58 | €278,660 | €19,547 | -€259,113 | -93.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €335,841 | €269,773 | -€66,068 | -19.7% |
| Equity | 10/15 | €174,616 | €201,418 | +€26,802 | +15.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,616 | €196,418 | +€26,802 | +15.8% |
| Distributable reserves | 133 | €169,616 | €196,418 | +€26,802 | +15.8% |
| Amounts payable | 17/49 | €161,225 | €68,356 | -€92,870 | -57.6% |
| Amounts payable within one year | 42/48 | €161,225 | €68,356 | -€92,870 | -57.6% |
| Trade debts | 44 | €85,819 | €10,221 | -€75,599 | -88.1% |
| Suppliers | 440/4 | €85,819 | €10,221 | -€75,599 | -88.1% |
| Taxes, remuneration and social security | 45 | €70,570 | €53,778 | -€16,792 | -23.8% |
| Taxes | 450/3 | €70,147 | €53,778 | -€16,368 | -23.3% |
| Remuneration and social security | 454/9 | €424 | €0 | -€424 | -100.0% |
| Other amounts payable | 47/48 | €4,836 | €4,356 | -€479 | -9.9% |
| Remuneration, social security and pensions | 62 | €4,398 | €14,242 | +€9,843 | +223.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,968 | €20,495 | +€7,528 | +58.0% |
| Other operating charges | 640/8 | €1,043 | €26,824 | +€25,781 | +2472.0% |
| Gross operating margin | 9900 | €192,463 | €100,509 | -€91,955 | -47.8% |
| Operating profit (loss) | 9901 | €174,054 | €38,947 | -€135,107 | -77.6% |
| Financial income | 75/76B | €0 | €125 | +€125 | |
| Recurring financial income | 75 | €0 | €125 | +€125 | |
| Financial charges | 65/66B | €75 | €72 | -€3 | -3.9% |
| Recurring financial charges | 65 | €75 | €72 | -€3 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €173,979 | €39,000 | -€134,979 | -77.6% |
| Income taxes | 67/77 | €43,500 | €12,198 | -€31,302 | -72.0% |
| Profit (loss) for the period | 9904 | €130,479 | €26,802 | -€103,677 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,479 | €26,802 | -€103,677 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.