Creative Wolves: 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 Wolves
Largest movements
- Cash -€15,504
down €15,504 (-21.2%), from €73,293 to €57,788
mainly Current portion of long-term debt (-€7,500) and Other debts (-€6,525)
- Receivables within one year +€6,115
up €6,115 (+207%), from €2,958 to €9,073
- Deferred charges and accrued income +€1,569
up €1,569 (+66.1%), from €2,375 to €3,945
- Tangible fixed assets -€1,367
no longer reported in 2025 (was €1,367)
of which Plant, machinery and equipment: -€744
- Current portion of long-term debt -€7,500
down €7,500 (-74.9%), from €10,013 to €2,513
- Other debts -€6,525
down €6,525 (-96.2%), from €6,782 to €257
- Reserves +€3,597
up €3,597 (+7.7%), from €47,005 to €50,601
- Tax, wage and social debts +€2,907
up €2,907 (+23.2%), from €12,519 to €15,426
- Debts after one year -€2,513
no longer reported in 2025 (was €2,513)
- Gross operating margin -€17,460
down €17,460 (-65.3%), from €26,735 to €9,276
- Taxes -€3,539
down €3,539 (-52.8%), from €6,702 to €3,163
- Other operating charges +€312
up €312 (+48.3%), from €646 to €958
- Depreciation -€304
down €304 (-18.2%), from €1,672 to €1,367
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 | €79,994 | €70,806 | -€9,188 | -11.5% |
| Fixed assets | 21/28 | €1,367 | - | -€1,367 | |
| Tangible fixed assets | 22/27 | €1,367 | - | -€1,367 | |
| Plant, machinery and equipment | 23 | €744 | - | -€744 | |
| Furniture and vehicles | 24 | €624 | - | -€624 | |
| Current assets | 29/58 | €78,626 | €70,806 | -€7,820 | -9.9% |
| Amounts receivable within one year | 40/41 | €2,958 | €9,073 | +€6,115 | +207% |
| Trade receivables | 40 | €2,958 | €9,073 | +€6,115 | +207% |
| Cash at bank and in hand | 54/58 | €73,293 | €57,788 | -€15,504 | -21.2% |
| Deferred charges and accrued income | 490/1 | €2,375 | €3,945 | +€1,569 | +66.1% |
| Total equity and liabilities | 10/49 | €79,994 | €70,806 | -€9,188 | -11.5% |
| Equity | 10/15 | €47,505 | €51,101 | +€3,597 | +7.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €47,005 | €50,601 | +€3,597 | +7.7% |
| Distributable reserves | 133 | €47,005 | €50,601 | +€3,597 | +7.7% |
| Amounts payable | 17/49 | €32,489 | €19,705 | -€12,784 | -39.3% |
| Amounts payable after more than one year | 17 | €2,513 | - | -€2,513 | |
| Financial debts | 170/4 | €2,513 | - | -€2,513 | |
| Amounts payable within one year | 42/48 | €29,976 | €19,705 | -€10,271 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €10,013 | €2,513 | -€7,500 | -74.9% |
| Trade debts | 44 | €663 | €1,510 | +€847 | +128% |
| Suppliers | 440/4 | €663 | €1,510 | +€847 | +128% |
| Taxes, remuneration and social security | 45 | €12,519 | €15,426 | +€2,907 | +23.2% |
| Taxes | 450/3 | €12,519 | €15,426 | +€2,907 | +23.2% |
| Other amounts payable | 47/48 | €6,782 | €257 | -€6,525 | -96.2% |
| Non-recurring operating income | 76A | €4,236 | - | -€4,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,367 | -€304 | -18.2% |
| Other operating charges | 640/8 | €646 | €958 | +€312 | +48.3% |
| Gross operating margin | 9900 | €26,735 | €9,276 | -€17,460 | -65.3% |
| Operating profit (loss) | 9901 | €24,418 | €6,950 | -€17,467 | -71.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €238 | €191 | -€48 | -20.0% |
| Recurring financial charges | 65 | €238 | €191 | -€48 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €24,179 | €6,760 | -€17,420 | -72.0% |
| Income taxes | 67/77 | €6,702 | €3,163 | -€3,539 | -52.8% |
| Profit (loss) for the period | 9904 | €17,477 | €3,597 | -€13,880 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,477 | €3,597 | -€13,880 | -79.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.