CREATIVE4: 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.
CREATIVE4
Largest movements
- Cash -€31,685
down €31,685 (-25.2%), from €125,660 to €93,975
mainly Contributions, distributions and other (-€116,452) and Current investments (-€18,440)
- Current investments +€18,440
up €18,440 (+33.6%), from €54,809 to €73,249
- Receivables within one year -€7,820
down €7,820 (-8.2%), from €95,545 to €87,725
of which Other amounts receivable: -€14,783
- Reserves -€101,452
down €101,452 (-82.9%), from €122,356 to €20,904
- Other debts +€88,858
up €88,858 (+423.1%), from €21,000 to €109,858
- Trade debts -€8,735
down €8,735 (-7.6%), from €114,481 to €105,746
- Gross operating margin -€223,708
down €223,708 (-92.9%), from €240,695 to €16,987
- Other operating charges -€217,858
down €217,858 (-99.8%), from €218,385 to €528
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 | €276,891 | €256,130 | -€20,761 | -7.5% |
| Fixed assets | 21/28 | €124 | €124 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €276,767 | €256,006 | -€20,761 | -7.5% |
| Amounts receivable within one year | 40/41 | €95,545 | €87,725 | -€7,820 | -8.2% |
| Trade receivables | 40 | €67,723 | €74,686 | +€6,963 | +10.3% |
| Other amounts receivable | 41 | €27,822 | €13,039 | -€14,783 | -53.1% |
| Current investments | 50/53 | €54,809 | €73,249 | +€18,440 | +33.6% |
| Cash at bank and in hand | 54/58 | €125,660 | €93,975 | -€31,685 | -25.2% |
| Deferred charges and accrued income | 490/1 | €754 | €1,058 | +€304 | +40.3% |
| Total equity and liabilities | 10/49 | €276,891 | €256,130 | -€20,761 | -7.5% |
| Equity | 10/15 | €140,956 | €40,043 | -€100,912 | -71.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,356 | €20,904 | -€101,452 | -82.9% |
| Distributable reserves | 133 | €122,356 | €20,904 | -€101,452 | -82.9% |
| Profit (loss) carried forward | 14 | €0 | €540 | +€540 | |
| Amounts payable | 17/49 | €135,936 | €216,087 | +€80,151 | +59.0% |
| Amounts payable within one year | 42/48 | €135,481 | €216,087 | +€80,606 | +59.5% |
| Trade debts | 44 | €114,481 | €105,746 | -€8,735 | -7.6% |
| Suppliers | 440/4 | €114,481 | €105,746 | -€8,735 | -7.6% |
| Taxes, remuneration and social security | 45 | - | €483 | +€483 | |
| Taxes | 450/3 | - | €483 | +€483 | |
| Other amounts payable | 47/48 | €21,000 | €109,858 | +€88,858 | +423.1% |
| Accrued charges and deferred income | 492/3 | €455 | - | -€455 | |
| Other operating charges | 640/8 | €218,385 | €528 | -€217,858 | -99.8% |
| Gross operating margin | 9900 | €240,695 | €16,987 | -€223,708 | -92.9% |
| Operating profit (loss) | 9901 | €22,310 | €16,459 | -€5,850 | -26.2% |
| Financial income | 75/76B | €877 | €17 | -€860 | -98.0% |
| Recurring financial income | 75 | €877 | €17 | -€860 | -98.0% |
| Financial charges | 65/66B | €371 | €454 | +€83 | +22.4% |
| Recurring financial charges | 65 | €371 | €454 | +€83 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €22,816 | €16,023 | -€6,793 | -29.8% |
| Income taxes | 67/77 | €566 | €483 | -€83 | -14.7% |
| Profit (loss) for the period | 9904 | €22,250 | €15,540 | -€6,710 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,250 | €15,540 | -€6,710 | -30.2% |
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 3 October 2026 via checked.be.