Creators: 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.
Creators
Largest movements
- Tangible fixed assets -€549,393
down €549,393 (-48.0%), from €1.1m to €595,634
- Cash -€25,588
down €25,588 (-90.5%), from €28,269 to €2,681
mainly Debts after one year (-€412,544) and Other debts (-€147,148)
- Debts after one year -€412,544
down €412,544 (-44.6%), from €924,057 to €511,513
of which Financial debts: -€541,744
- Other debts -€147,148
down €147,148 (-55.3%), from €265,884 to €118,736
- Profit (loss) carried forward -€30,431
down €30,431 (-99.8%), from -€30,500 to -€60,931
- Gross operating margin +€75,238
up €75,238, from -€30,173 to €45,064
- Financial charges +€45,939
up €45,939 (+1,319%), from €3,483 to €49,422
- Depreciation +€587
up €587 (+2.4%), from €24,788 to €25,375
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.
Derived cash bridge
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 | €1,176,397 | €604,340 | -€572,057 | -48.6% |
| Fixed assets | 21/28 | €1,145,027 | €595,634 | -€549,393 | -48.0% |
| Tangible fixed assets | 22/27 | €1,145,027 | €595,634 | -€549,393 | -48.0% |
| Land and buildings | 22 | €1,145,027 | €595,634 | -€549,393 | -48.0% |
| Current assets | 29/58 | €31,370 | €8,706 | -€22,664 | -72.2% |
| Amounts receivable within one year | 40/41 | €3,102 | €5,574 | +€2,473 | +79.7% |
| Trade receivables | 40 | - | €5,524 | +€5,524 | |
| Other amounts receivable | 41 | €3,102 | €51 | -€3,051 | -98.4% |
| Cash at bank and in hand | 54/58 | €28,269 | €2,681 | -€25,588 | -90.5% |
| Deferred charges and accrued income | 490/1 | - | €451 | +€451 | |
| Total equity and liabilities | 10/49 | €1,176,397 | €604,340 | -€572,057 | -48.6% |
| Equity | 10/15 | -€24,300 | -€54,731 | -€30,431 | -125% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,500 | -€60,931 | -€30,431 | -99.8% |
| Amounts payable | 17/49 | €1,200,697 | €659,071 | -€541,626 | -45.1% |
| Amounts payable after more than one year | 17 | €924,057 | €511,513 | -€412,544 | -44.6% |
| Financial debts | 170/4 | €924,057 | €382,313 | -€541,744 | -58.6% |
| Other amounts payable | 178/9 | - | €129,200 | +€129,200 | |
| Amounts payable within one year | 42/48 | €276,639 | €138,523 | -€138,116 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €7,691 | €13,396 | +€5,705 | +74.2% |
| Trade debts | 44 | €3,041 | €6,391 | +€3,350 | +110% |
| Suppliers | 440/4 | €3,041 | €6,391 | +€3,350 | +110% |
| Taxes, remuneration and social security | 45 | €24 | - | -€24 | |
| Taxes | 450/3 | €24 | - | -€24 | |
| Other amounts payable | 47/48 | €265,884 | €118,736 | -€147,148 | -55.3% |
| Accrued charges and deferred income | 492/3 | - | €9,035 | +€9,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,788 | €25,375 | +€587 | +2.4% |
| Other operating charges | 640/8 | €635 | €698 | +€63 | +10.0% |
| Gross operating margin | 9900 | -€30,173 | €45,064 | +€75,238 | |
| Operating profit (loss) | 9901 | -€55,596 | €18,991 | +€74,587 | |
| Financial charges | 65/66B | €3,483 | €49,422 | +€45,939 | +1,319% |
| Recurring financial charges | 65 | €3,483 | €49,422 | +€45,939 | +1,319% |
| Profit (loss) for the period before taxes | 9903 | -€59,079 | -€30,431 | +€28,648 | +48.5% |
| Profit (loss) for the period | 9904 | -€59,079 | -€30,431 | +€28,648 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,079 | -€30,431 | +€28,648 | +48.5% |
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 15 October 2026 via checked.be.