CREATIVENTURE: 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.
What changed
CREATIVENTURE
NACE 46.349, Wholesale of beverages, general range
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€117,654
2025 · €92,785+€24,869
Equity
€1.4m
2025 · €1.3m+€114,224
Cash
€7,721
2025 · €64,550-€56,829
Balance sheet total
€2.6m
2025 · €2.6m-€55,042
Largest movements
Assets
- Cash -€56,829
down €56,829 (-88.0%), from €64,550 to €7,721
mainly Other debts (-€139,722) and Debts after one year (-€82,060)
- Stocks and contracts +€42,067
up €42,067 (+3.8%), from €1.1m to €1.1m
- Receivables within one year -€34,522
down €34,522 (-6.2%), from €558,339 to €523,818
of which Other amounts receivable: -€38,692
Equity and liabilities
- Other debts -€139,722
down €139,722 (-97.5%), from €143,243 to €3,521
- Profit (loss) carried forward +€111,771
up €111,771 (+33.5%), from €334,081 to €445,852
- Trade debts +€102,846
up €102,846 (+23.2%), from €443,454 to €546,301
- Debts after one year -€82,060
down €82,060 (-39.4%), from €208,274 to €126,214
of which Financial debts: -€82,060
- Short-term financial debts -€43,777
down €43,777 (-12.1%), from €361,509 to €317,732
Income statement
- Gross operating margin +€70,107
up €70,107 (+18.8%), from €373,321 to €443,428
- Taxes +€24,048
up €24,048 (+131%), from €18,352 to €42,400
- Financial income -€21,664
down €21,664 (-63.4%), from €34,155 to €12,492
- Staff costs -€16,001
down €16,001 (-12.1%), from €132,239 to €116,238
- Write-downs -€14,193
down €14,193, from €5,480 to -€8,712
From the 2025 result to the 2026 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.
Result 2025
€92,785
Gross operating margin
+€70,107
Staff costs
+€16,001
Depreciation
+€14,101
Write-downs
+€14,193
Other operating charges
-€10,801
Other operating items
-€45,969
Financial income
-€21,664
Financial charges
+€12,948
Taxes
-€24,048
Result 2026
€117,654
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€179,136
Investment
-€79,072
Financing
-€156,893
Cash 2025
€64,550
From operations (derived)
+€179,136
Net result for the year
+€117,654
Depreciation
+€84,850
Stocks and contracts
-€42,067
Receivables within one year
+€34,522
Deferred charges and accrued income
-€18
Trade debts
+€102,846
Tax, wage and social debts
+€20,572
Advances received
+€500
Other debts
-€139,722
Investment (derived)
-€79,072
Investment in fixed assets (net)
-€79,072
Current investments
-€0
Financing
-€156,893
Debts after one year
-€82,060
Current portion of long-term debt
-€27,626
Short-term financial debts
-€43,777
Contributions, distributions and other
-€3,430
Cash 2026
€7,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,639,889 | €2,584,847 | -€55,042 | -2.1% |
| Fixed assets | 21/28 | €719,600 | €713,822 | -€5,778 | -0.8% |
| Tangible fixed assets | 22/27 | €379,346 | €373,568 | -€5,778 | -1.5% |
| Land and buildings | 22 | €342,445 | €280,995 | -€61,450 | -17.9% |
| Furniture and vehicles | 24 | €29,707 | €10,423 | -€19,284 | -64.9% |
| Leasing and similar rights | 25 | €7,194 | €4,138 | -€3,056 | -42.5% |
| Assets under construction and advance payments | 27 | - | €78,012 | +€78,012 | |
| Financial fixed assets | 28 | €340,254 | €340,254 | = | 0.0% |
| Current assets | 29/58 | €1,920,290 | €1,871,025 | -€49,264 | -2.6% |
| Stocks and contracts in progress | 3 | €1,096,607 | €1,138,675 | +€42,067 | +3.8% |
| Stocks | 30/36 | €1,096,607 | €1,138,675 | +€42,067 | +3.8% |
| Amounts receivable within one year | 40/41 | €558,339 | €523,818 | -€34,522 | -6.2% |
| Trade receivables | 40 | €421,124 | €425,294 | +€4,171 | +1.0% |
| Other amounts receivable | 41 | €137,215 | €98,523 | -€38,692 | -28.2% |
| Current investments | 50/53 | €188,418 | €188,418 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €64,550 | €7,721 | -€56,829 | -88.0% |
| Deferred charges and accrued income | 490/1 | €12,375 | €12,393 | +€18 | +0.1% |
| Total equity and liabilities | 10/49 | €2,639,889 | €2,584,847 | -€55,042 | -2.1% |
| Equity | 10/15 | €1,305,288 | €1,419,512 | +€114,224 | +8.8% |
| Contributions | 10/11 | €759,689 | €759,689 | = | 0.0% |
| Capital | 10 | €759,689 | €759,689 | = | 0.0% |
| Issued capital | 100 | €759,689 | €759,689 | = | 0.0% |
| Reserves | 13 | €204,658 | €210,541 | +€5,883 | +2.9% |
| Non-distributable reserves | 130/1 | €204,658 | €210,541 | +€5,883 | +2.9% |
| Legal reserve | 130 | €16,790 | €22,673 | +€5,883 | +35.0% |
| Own shares acquired | 1312 | €187,868 | €187,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,081 | €445,852 | +€111,771 | +33.5% |
| Investment grants | 15 | €6,860 | €3,430 | -€3,430 | -50.0% |
| Amounts payable | 17/49 | €1,334,601 | €1,165,335 | -€169,266 | -12.7% |
| Amounts payable after more than one year | 17 | €208,274 | €126,214 | -€82,060 | -39.4% |
| Financial debts | 170/4 | €153,189 | €71,129 | -€82,060 | -53.6% |
| Trade debts | 175 | €55,085 | €55,085 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,126,327 | €1,039,121 | -€87,206 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €146,733 | €119,108 | -€27,626 | -18.8% |
| Financial debts | 43 | €361,509 | €317,732 | -€43,777 | -12.1% |
| Credit institutions | 430/8 | €361,509 | €317,732 | -€43,777 | -12.1% |
| Trade debts | 44 | €443,454 | €546,301 | +€102,846 | +23.2% |
| Suppliers | 440/4 | €443,454 | €546,301 | +€102,846 | +23.2% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €31,387 | €51,960 | +€20,572 | +65.5% |
| Taxes | 450/3 | €24,654 | €43,700 | +€19,045 | +77.2% |
| Remuneration and social security | 454/9 | €6,733 | €8,260 | +€1,527 | +22.7% |
| Other amounts payable | 47/48 | €143,243 | €3,521 | -€139,722 | -97.5% |
| Non-recurring operating income | 76A | €401 | €8,658 | +€8,257 | +2,059% |
| Remuneration, social security and pensions | 62 | €132,239 | €116,238 | -€16,001 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,951 | €84,850 | -€14,101 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,480 | -€8,712 | -€14,193 | |
| Other operating charges | 640/8 | €10,077 | €20,878 | +€10,801 | +107% |
| Non-recurring operating charges | 66A | €7,022 | €52,992 | +€45,969 | +655% |
| Gross operating margin | 9900 | €373,321 | €443,428 | +€70,107 | +18.8% |
| Operating profit (loss) | 9901 | €119,551 | €177,183 | +€57,632 | +48.2% |
| Financial income | 75/76B | €34,155 | €12,492 | -€21,664 | -63.4% |
| Recurring financial income | 75 | €34,155 | €12,492 | -€21,664 | -63.4% |
| Financial charges | 65/66B | €42,569 | €29,621 | -€12,948 | -30.4% |
| Recurring financial charges | 65 | €42,569 | €29,621 | -€12,948 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €111,137 | €160,054 | +€48,917 | +44.0% |
| Income taxes | 67/77 | €18,352 | €42,400 | +€24,048 | +131% |
| Profit (loss) for the period | 9904 | €92,785 | €117,654 | +€24,869 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,785 | €117,654 | +€24,869 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.