Creative Twist: 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 Twist
Largest movements
- Cash -€8,425
down €8,425 (-46.9%), from €17,947 to €9,522
mainly Current portion of long-term debt (-€9,751) and Receivables within one year (-€5,506)
- Receivables within one year +€5,506
up €5,506 (+116.7%), from €4,718 to €10,224
of which Other amounts receivable: +€5,506
- Reserves +€13,401
up €13,401 (+35.1%), from €38,228 to €51,629
- Current portion of long-term debt -€9,751
down €9,751 (-77.8%), from €12,540 to €2,790
- Tax, wage and social debts -€3,798
down €3,798 (-34.4%), from €11,029 to €7,231
- Other debts -€1,759
down €1,759 (-2.8%), from €63,540 to €61,781
- Trade debts -€1,011
down €1,011 (-33.8%), from €2,988 to €1,977
- Gross operating margin -€14,637
down €14,637 (-37.8%), from €38,686 to €24,049
- Taxes -€4,753
down €4,753 (-46.2%), from €10,282 to €5,529
- Financial charges +€2,701
up €2,701 (+149.3%), from €1,809 to €4,510
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 | €22,665 | €19,747 | -€2,919 | -12.9% |
| Current assets | 29/58 | €22,665 | €19,747 | -€2,919 | -12.9% |
| Amounts receivable within one year | 40/41 | €4,718 | €10,224 | +€5,506 | +116.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,718 | €10,224 | +€5,506 | +116.7% |
| Cash at bank and in hand | 54/58 | €17,947 | €9,522 | -€8,425 | -46.9% |
| Total equity and liabilities | 10/49 | €22,665 | €19,747 | -€2,919 | -12.9% |
| Equity | 10/15 | -€67,432 | -€54,031 | +€13,401 | +19.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €38,228 | €51,629 | +€13,401 | +35.1% |
| Distributable reserves | 133 | €38,228 | €51,629 | +€13,401 | +35.1% |
| Profit (loss) carried forward | 14 | -€112,660 | -€112,660 | = | 0.0% |
| Amounts payable | 17/49 | €90,097 | €73,778 | -€16,320 | -18.1% |
| Amounts payable within one year | 42/48 | €90,097 | €73,778 | -€16,320 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €12,540 | €2,790 | -€9,751 | -77.8% |
| Trade debts | 44 | €2,988 | €1,977 | -€1,011 | -33.8% |
| Suppliers | 440/4 | €2,988 | €1,977 | -€1,011 | -33.8% |
| Taxes, remuneration and social security | 45 | €11,029 | €7,231 | -€3,798 | -34.4% |
| Taxes | 450/3 | €11,029 | €7,231 | -€3,798 | -34.4% |
| Other amounts payable | 47/48 | €63,540 | €61,781 | -€1,759 | -2.8% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €38,686 | €24,049 | -€14,637 | -37.8% |
| Operating profit (loss) | 9901 | €38,095 | €23,440 | -€14,655 | -38.5% |
| Financial charges | 65/66B | €1,809 | €4,510 | +€2,701 | +149.3% |
| Recurring financial charges | 65 | €1,809 | €4,510 | +€2,701 | +149.3% |
| Profit (loss) for the period before taxes | 9903 | €36,286 | €18,930 | -€17,356 | -47.8% |
| Income taxes | 67/77 | €10,282 | €5,529 | -€4,753 | -46.2% |
| Profit (loss) for the period | 9904 | €26,004 | €13,401 | -€12,603 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,004 | €13,401 | -€12,603 | -48.5% |
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 2 October 2026 via checked.be.