CREATIVEWORDS: 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.
CREATIVEWORDS
Largest movements
- Cash +€33,996
up €33,996 (+345.9%), from €9,830 to €43,826
mainly Debts after one year (+€50,000) and Receivables within one year (+€21,050)
- Receivables within one year -€21,050
down €21,050 (-13.6%), from €155,289 to €134,240
of which Trade receivables: -€15,090
- Deferred charges and accrued income -€11,513
down €11,513 (-95.4%), from €12,068 to €555
- Tangible fixed assets -€3,274
down €3,274 (-53.0%), from €6,177 to €2,902
of which Furniture and vehicles: -€2,424
- Debts after one year +€50,000
up €50,000 (+45.4%), from €110,137 to €160,137
of which Other amounts payable: +€50,000
- Current portion of long-term debt -€41,508
down €41,508 (-59.4%), from €69,897 to €28,390
- Trade debts -€12,066
down €12,066 (-8.6%), from €140,790 to €128,724
of which Bills of exchange payable: -€140,790
- Other debts -€7,764
down €7,764 (-39.2%), from €19,805 to €12,041
- Profit (loss) carried forward +€4,510
up €4,510 (+2.6%), from -€171,387 to -€166,877
- Financial charges -€408,915
down €408,915 (-99.9%), from €409,418 to €503
of which Non-recurring financial charges: -€403,750
- Depreciation -€8,763
down €8,763 (-67.2%), from €13,037 to €4,274
- Gross operating margin -€8,531
down €8,531 (-37.4%), from €22,784 to €14,253
- Write-downs +€2,131
new in 2025: €2,131
- Taxes +€897
up €897 (+4485150.0%), from €0 to €897
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 | €186,545 | €183,705 | -€2,841 | -1.5% |
| Fixed assets | 21/28 | €9,358 | €5,084 | -€4,274 | -45.7% |
| Intangible fixed assets | 21 | €3,182 | €2,182 | -€1,000 | -31.4% |
| Tangible fixed assets | 22/27 | €6,177 | €2,902 | -€3,274 | -53.0% |
| Furniture and vehicles | 24 | €3,014 | €589 | -€2,424 | -80.5% |
| Other tangible fixed assets | 26 | €3,163 | €2,313 | -€850 | -26.9% |
| Current assets | 29/58 | €177,187 | €178,621 | +€1,434 | +0.8% |
| Amounts receivable within one year | 40/41 | €155,289 | €134,240 | -€21,050 | -13.6% |
| Trade receivables | 40 | €149,309 | €134,219 | -€15,090 | -10.1% |
| Other amounts receivable | 41 | €5,980 | €21 | -€5,959 | -99.6% |
| Cash at bank and in hand | 54/58 | €9,830 | €43,826 | +€33,996 | +345.9% |
| Deferred charges and accrued income | 490/1 | €12,068 | €555 | -€11,513 | -95.4% |
| Total equity and liabilities | 10/49 | €186,545 | €183,705 | -€2,841 | -1.5% |
| Equity | 10/15 | -€163,327 | -€158,817 | +€4,510 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,387 | -€166,877 | +€4,510 | +2.6% |
| Amounts payable | 17/49 | €349,872 | €342,521 | -€7,351 | -2.1% |
| Amounts payable after more than one year | 17 | €110,137 | €160,137 | +€50,000 | +45.4% |
| Financial debts | 170/4 | €60,137 | €60,137 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Amounts payable within one year | 42/48 | €239,735 | €182,384 | -€57,351 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €69,897 | €28,390 | -€41,508 | -59.4% |
| Trade debts | 44 | €140,790 | €128,724 | -€12,066 | -8.6% |
| Suppliers | 440/4 | - | €128,724 | +€128,724 | |
| Bills of exchange payable | 441 | €140,790 | - | -€140,790 | |
| Taxes, remuneration and social security | 45 | €9,242 | €13,229 | +€3,987 | +43.1% |
| Taxes | 450/3 | €9,242 | €13,229 | +€3,987 | +43.1% |
| Other amounts payable | 47/48 | €19,805 | €12,041 | -€7,764 | -39.2% |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Remuneration, social security and pensions | 62 | €68 | - | -€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,037 | €4,274 | -€8,763 | -67.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,131 | +€2,131 | |
| Other operating charges | 640/8 | €2,546 | €2,124 | -€422 | -16.6% |
| Gross operating margin | 9900 | €22,784 | €14,253 | -€8,531 | -37.4% |
| Operating profit (loss) | 9901 | €7,133 | €5,723 | -€1,410 | -19.8% |
| Financial income | 75/76B | €13 | €187 | +€175 | +1367.3% |
| Recurring financial income | 75 | €13 | €187 | +€175 | +1367.3% |
| Financial charges | 65/66B | €409,418 | €503 | -€408,915 | -99.9% |
| Recurring financial charges | 65 | €5,668 | €503 | -€5,165 | -91.1% |
| Non-recurring financial charges | 66B | €403,750 | - | -€403,750 | |
| Profit (loss) for the period before taxes | 9903 | -€402,273 | €5,407 | +€407,680 | |
| Income taxes | 67/77 | €0 | €897 | +€897 | +4485150.0% |
| Profit (loss) for the period | 9904 | -€402,273 | €4,510 | +€406,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€402,273 | €4,510 | +€406,783 |
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 11 October 2026 via checked.be.