Creativo: 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.
Creativo
Largest movements
- Deferred charges and accrued income +€5,619
up €5,619 (+145.7%), from €3,856 to €9,475
- Tangible fixed assets +€5,147
up €5,147 (+700.5%), from €735 to €5,882
of which Furniture and vehicles: +€5,147
- Receivables within one year -€2,747
down €2,747 (-1.6%), from €173,421 to €170,675
of which Other amounts receivable: -€4,026
- Other debts +€74,003
new in 2025: €74,003
- Reserves -€51,572
down €51,572 (-44.4%), from €116,230 to €64,658
- Tax, wage and social debts -€5,592
down €5,592 (-18.5%), from €30,223 to €24,631
of which Taxes: -€5,977
- Current portion of long-term debt -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€13,805
up €13,805 (+22.8%), from €60,449 to €74,254
- Taxes +€7,777
up €7,777 (+129.6%), from €6,001 to €13,779
- Financial income +€5,909
up €5,909 (+174.1%), from €3,394 to €9,303
- Other operating charges +€1,803
up €1,803 (+68.7%), from €2,626 to €4,428
- Depreciation +€1,214
up €1,214 (+164.9%), from €736 to €1,949
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 | €179,082 | €188,640 | +€9,559 | +5.3% |
| Fixed assets | 21/28 | €735 | €5,882 | +€5,147 | +700.5% |
| Tangible fixed assets | 22/27 | €735 | €5,882 | +€5,147 | +700.5% |
| Furniture and vehicles | 24 | €735 | €5,882 | +€5,147 | +700.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €178,347 | €182,759 | +€4,412 | +2.5% |
| Stocks and contracts in progress | 3 | €980 | €750 | -€230 | -23.5% |
| Stocks | 30/36 | €980 | €750 | -€230 | -23.5% |
| Amounts receivable within one year | 40/41 | €173,421 | €170,675 | -€2,747 | -1.6% |
| Trade receivables | 40 | - | €1,280 | +€1,280 | |
| Other amounts receivable | 41 | €173,421 | €169,395 | -€4,026 | -2.3% |
| Cash at bank and in hand | 54/58 | €89 | €1,858 | +€1,769 | +1979.4% |
| Deferred charges and accrued income | 490/1 | €3,856 | €9,475 | +€5,619 | +145.7% |
| Total equity and liabilities | 10/49 | €179,082 | €188,640 | +€9,559 | +5.3% |
| Equity | 10/15 | €136,230 | €84,658 | -€51,572 | -37.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €116,230 | €64,658 | -€51,572 | -44.4% |
| Distributable reserves | 133 | €116,230 | €64,658 | -€51,572 | -44.4% |
| Amounts payable | 17/49 | €42,852 | €103,983 | +€61,131 | +142.7% |
| Amounts payable within one year | 42/48 | €42,852 | €103,983 | +€61,131 | +142.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Financial debts | 43 | €6,237 | €5,313 | -€923 | -14.8% |
| Credit institutions | 430/8 | €6,237 | €5,313 | -€923 | -14.8% |
| Trade debts | 44 | €1,392 | €36 | -€1,356 | -97.4% |
| Suppliers | 440/4 | €1,392 | €36 | -€1,356 | -97.4% |
| Taxes, remuneration and social security | 45 | €30,223 | €24,631 | -€5,592 | -18.5% |
| Taxes | 450/3 | €25,577 | €19,600 | -€5,977 | -23.4% |
| Remuneration and social security | 454/9 | €4,646 | €5,031 | +€384 | +8.3% |
| Other amounts payable | 47/48 | - | €74,003 | +€74,003 | |
| Non-recurring operating income | 76A | - | €4,852 | +€4,852 | |
| Remuneration, social security and pensions | 62 | €38,999 | €38,588 | -€411 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €1,949 | +€1,214 | +164.9% |
| Other operating charges | 640/8 | €2,626 | €4,428 | +€1,803 | +68.7% |
| Gross operating margin | 9900 | €60,449 | €74,254 | +€13,805 | +22.8% |
| Operating profit (loss) | 9901 | €18,089 | €29,289 | +€11,200 | +61.9% |
| Financial income | 75/76B | €3,394 | €9,303 | +€5,909 | +174.1% |
| Recurring financial income | 75 | €3,394 | €9,303 | +€5,909 | +174.1% |
| Financial charges | 65/66B | €2,599 | €2,382 | -€216 | -8.3% |
| Recurring financial charges | 65 | €2,599 | €2,382 | -€216 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €18,884 | €36,209 | +€17,325 | +91.7% |
| Income taxes | 67/77 | €6,001 | €13,779 | +€7,777 | +129.6% |
| Profit (loss) for the period | 9904 | €12,882 | €22,431 | +€9,548 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,882 | €22,431 | +€9,548 | +74.1% |
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 8 October 2026 via checked.be.