CREATIVE WORK: what changed
CREATIVE WORK
Largest movements
- Receivables within one year -€15,096
down €15,096 (-40.9%), from €36,911 to €21,815
of which Trade receivables: -€16,461
- Cash +€10,711
up €10,711 (+5.6%), from €191,125 to €201,836
mainly Receivables within one year (+€15,096) and Net result for the year (+€8,933)
- Trade debts -€16,932
down €16,932 (-65.8%), from €25,735 to €8,803
- Reserves +€8,933
up €8,933 (+5.7%), from €157,917 to €166,850
- Tax, wage and social debts +€2,720
up €2,720 (+31.0%), from €8,778 to €11,498
- Financial income -€19,614
no longer reported in 2025 (was €19,614)
of which Financial income: -€9,943
- Gross operating margin +€6,852
up €6,852 (+70.2%), from €9,756 to €16,608
- Financial charges -€3,834
down €3,834 (-96.3%), from €3,982 to €148
- Taxes -€1,926
down €1,926 (-24.9%), from €7,724 to €5,799
- Other operating charges -€1,405
down €1,405 (-67.9%), from €2,070 to €665
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,420 | €232,505 | -€5,915 | -2.5% |
| Fixed assets | 21/28 | €8,899 | €8,854 | -€45 | -0.5% |
| Tangible fixed assets | 22/27 | €7,949 | €7,904 | -€45 | -0.6% |
| Furniture and vehicles | 24 | €7,949 | €7,904 | -€45 | -0.6% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €229,521 | €223,651 | -€5,871 | -2.6% |
| Amounts receivable within one year | 40/41 | €36,911 | €21,815 | -€15,096 | -40.9% |
| Trade receivables | 40 | €35,682 | €19,221 | -€16,461 | -46.1% |
| Other amounts receivable | 41 | €1,229 | €2,594 | +€1,365 | +111% |
| Cash at bank and in hand | 54/58 | €191,125 | €201,836 | +€10,711 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,486 | - | -€1,486 | |
| Total equity and liabilities | 10/49 | €238,420 | €232,505 | -€5,915 | -2.5% |
| Equity | 10/15 | €200,098 | €209,030 | +€8,933 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,917 | €166,850 | +€8,933 | +5.7% |
| Distributable reserves | 133 | €157,917 | €166,850 | +€8,933 | +5.7% |
| Profit (loss) carried forward | 14 | €35,981 | €35,981 | = | 0.0% |
| Amounts payable | 17/49 | €38,323 | €23,474 | -€14,848 | -38.7% |
| Amounts payable within one year | 42/48 | €38,323 | €23,474 | -€14,848 | -38.7% |
| Trade debts | 44 | €25,735 | €8,803 | -€16,932 | -65.8% |
| Suppliers | 440/4 | €25,735 | €8,803 | -€16,932 | -65.8% |
| Taxes, remuneration and social security | 45 | €8,778 | €11,498 | +€2,720 | +31.0% |
| Taxes | 450/3 | €8,778 | €11,498 | +€2,720 | +31.0% |
| Other amounts payable | 47/48 | €3,810 | €3,173 | -€637 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,058 | €1,063 | +€5 | +0.5% |
| Other operating charges | 640/8 | €2,070 | €665 | -€1,405 | -67.9% |
| Gross operating margin | 9900 | €9,756 | €16,608 | +€6,852 | +70.2% |
| Operating profit (loss) | 9901 | €6,628 | €14,880 | +€8,252 | +125% |
| Financial income | 75/76B | €19,614 | - | -€19,614 | |
| Recurring financial income | 75 | €9,943 | - | -€9,943 | |
| Non-recurring financial income | 76B | €9,670 | - | -€9,670 | |
| Financial charges | 65/66B | €3,982 | €148 | -€3,834 | -96.3% |
| Recurring financial charges | 65 | €3,982 | €148 | -€3,834 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €22,259 | €14,732 | -€7,528 | -33.8% |
| Income taxes | 67/77 | €7,724 | €5,799 | -€1,926 | -24.9% |
| Profit (loss) for the period | 9904 | €14,535 | €8,933 | -€5,602 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,535 | €8,933 | -€5,602 | -38.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.