CREATIVE STAGE SOLUTIONS: 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 STAGE SOLUTIONS
Largest movements
- Tangible fixed assets +€473,414
up €473,414 (+47.0%), from €1.0m to €1.5m
of which Plant, machinery and equipment: +€266,329
- Cash +€95,726
up €95,726 (+79.7%), from €120,054 to €215,779
mainly Depreciation (+€349,373) and Debts after one year (+€291,838)
- Deferred charges and accrued income +€33,933
up €33,933 (+511.1%), from €6,639 to €40,572
- Receivables within one year -€31,381
down €31,381 (-19.1%), from €164,053 to €132,672
of which Trade receivables: -€49,171
- Debts after one year +€291,838
up €291,838 (+127.3%), from €229,322 to €521,160
- Reserves +€244,749
up €244,749 (+33.0%), from €742,623 to €987,372
of which Distributable reserves: +€244,749
- Current portion of long-term debt +€68,428
up €68,428 (+41.8%), from €163,820 to €232,247
- Accrued charges and deferred income +€47,648
up €47,648 (+1088.2%), from €4,379 to €52,027
- Tax, wage and social debts -€38,943
down €38,943 (-65.2%), from €59,708 to €20,765
of which Taxes: -€35,914
- Depreciation +€140,221
up €140,221 (+67.0%), from €209,153 to €349,373
- Gross operating margin +€55,269
up €55,269 (+7.2%), from €768,938 to €824,207
- Write-downs -€29,000
down €29,000 (-100.0%), from €29,000 to €0
- Taxes -€23,287
down €23,287 (-27.7%), from €84,080 to €60,794
- Financial charges +€10,887
up €10,887 (+63.8%), from €17,057 to €27,944
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 | €1,464,035 | €2,036,256 | +€572,221 | +39.1% |
| Fixed assets | 21/28 | €1,013,289 | €1,487,233 | +€473,944 | +46.8% |
| Intangible fixed assets | 21 | - | €5,370 | +€5,370 | |
| Tangible fixed assets | 22/27 | €1,008,279 | €1,481,694 | +€473,414 | +47.0% |
| Plant, machinery and equipment | 23 | €828,546 | €1,094,875 | +€266,329 | +32.1% |
| Furniture and vehicles | 24 | €92,661 | €148,405 | +€55,743 | +60.2% |
| Leasing and similar rights | 25 | €60,050 | €42,026 | -€18,023 | -30.0% |
| Other tangible fixed assets | 26 | €27,022 | €196,388 | +€169,366 | +626.8% |
| Financial fixed assets | 28 | €5,010 | €170 | -€4,840 | -96.6% |
| Current assets | 29/58 | €450,745 | €549,023 | +€98,278 | +21.8% |
| Amounts receivable within one year | 40/41 | €164,053 | €132,672 | -€31,381 | -19.1% |
| Trade receivables | 40 | €160,170 | €110,998 | -€49,171 | -30.7% |
| Other amounts receivable | 41 | €3,883 | €21,673 | +€17,790 | +458.2% |
| Current investments | 50/53 | €160,000 | €160,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,054 | €215,779 | +€95,726 | +79.7% |
| Deferred charges and accrued income | 490/1 | €6,639 | €40,572 | +€33,933 | +511.1% |
| Total equity and liabilities | 10/49 | €1,464,035 | €2,036,256 | +€572,221 | +39.1% |
| Equity | 10/15 | €761,223 | €1,005,972 | +€244,749 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €742,623 | €987,372 | +€244,749 | +33.0% |
| Non-distributable reserves | 130/1 | €160,000 | €160,000 | = | 0.0% |
| Own shares acquired | 1312 | €160,000 | €160,000 | = | 0.0% |
| Distributable reserves | 133 | €582,623 | €827,372 | +€244,749 | +42.0% |
| Amounts payable | 17/49 | €702,812 | €1,030,285 | +€327,473 | +46.6% |
| Amounts payable after more than one year | 17 | €229,322 | €521,160 | +€291,838 | +127.3% |
| Financial debts | 170/4 | €229,322 | €521,160 | +€291,838 | +127.3% |
| Amounts payable within one year | 42/48 | €469,111 | €457,098 | -€12,013 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €163,820 | €232,247 | +€68,428 | +41.8% |
| Trade debts | 44 | €143,696 | €136,050 | -€7,647 | -5.3% |
| Suppliers | 440/4 | €143,696 | €136,050 | -€7,647 | -5.3% |
| Taxes, remuneration and social security | 45 | €59,708 | €20,765 | -€38,943 | -65.2% |
| Taxes | 450/3 | €37,711 | €1,796 | -€35,914 | -95.2% |
| Remuneration and social security | 454/9 | €21,997 | €18,968 | -€3,029 | -13.8% |
| Other amounts payable | 47/48 | €101,888 | €68,036 | -€33,852 | -33.2% |
| Accrued charges and deferred income | 492/3 | €4,379 | €52,027 | +€47,648 | +1088.2% |
| Remuneration, social security and pensions | 62 | €152,965 | €145,089 | -€7,876 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,153 | €349,373 | +€140,221 | +67.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,000 | €0 | -€29,000 | -100.0% |
| Other operating charges | 640/8 | €2,110 | €2,226 | +€116 | +5.5% |
| Gross operating margin | 9900 | €768,938 | €824,207 | +€55,269 | +7.2% |
| Operating profit (loss) | 9901 | €375,711 | €327,518 | -€48,193 | -12.8% |
| Financial income | 75/76B | €5,584 | €5,968 | +€385 | +6.9% |
| Recurring financial income | 75 | €5,584 | €5,968 | +€385 | +6.9% |
| Financial charges | 65/66B | €17,057 | €27,944 | +€10,887 | +63.8% |
| Recurring financial charges | 65 | €17,057 | €27,944 | +€10,887 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €364,237 | €305,542 | -€58,695 | -16.1% |
| Income taxes | 67/77 | €84,080 | €60,794 | -€23,287 | -27.7% |
| Profit (loss) for the period | 9904 | €280,156 | €244,749 | -€35,408 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €280,156 | €244,749 | -€35,408 | -12.6% |
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 8 October 2026 via checked.be.