CREATRENDS: 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.
CREATRENDS
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Financial fixed assets +€400,000
up €400,000 (+100.0%), from €400,008 to €800,008
- Receivables within one year +€98,162
up €98,162 (+54.1%), from €181,396 to €279,558
of which Trade receivables: +€117,859
- Cash -€95,208
down €95,208 (-95.5%), from €99,742 to €4,535
mainly Investment in fixed assets (net) (-€401,671) and Receivables within one year (-€98,162)
- Receivables after one year +€50,000
up €50,000 (+16.7%), from €300,000 to €350,000
- Other debts +€111,391
new in 2025: €111,391
- Trade debts -€81,951
down €81,951 (-71.6%), from €114,481 to €32,530
- Profit (loss) carried forward -€62,108
down €62,108 (-20.9%), from €297,070 to €234,962
- Provisions -€16,039
down €16,039 (-1.6%), from €979,960 to €963,921
- Financial charges -€1.2m
down €1.2m (-92.7%), from €1.3m to €93,542
of which Non-recurring financial charges: -€1.2m
- Gross operating margin -€479,690
down €479,690 (-96.4%), from €497,543 to €17,853
- Financial income -€302,671
down €302,671 (-95.0%), from €318,515 to €15,844
- Taxes -€22,058
no longer reported in 2025 (was €22,058)
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 | €1,511,412 | €1,462,826 | -€48,586 | -3.2% |
| Fixed assets | 21/28 | €402,975 | €803,701 | +€400,726 | +99.4% |
| Tangible fixed assets | 22/27 | €2,967 | €3,693 | +€726 | +24.5% |
| Furniture and vehicles | 24 | €2,967 | €3,693 | +€726 | +24.5% |
| Financial fixed assets | 28 | €400,008 | €800,008 | +€400,000 | +100.0% |
| Current assets | 29/58 | €1,108,437 | €659,125 | -€449,313 | -40.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Other amounts receivable | 291 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Amounts receivable within one year | 40/41 | €181,396 | €279,558 | +€98,162 | +54.1% |
| Trade receivables | 40 | €148,661 | €266,521 | +€117,859 | +79.3% |
| Other amounts receivable | 41 | €32,734 | €13,037 | -€19,698 | -60.2% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €99,742 | €4,535 | -€95,208 | -95.5% |
| Deferred charges and accrued income | 490/1 | €27,299 | €25,033 | -€2,267 | -8.3% |
| Total equity and liabilities | 10/49 | €1,511,412 | €1,462,826 | -€48,586 | -3.2% |
| Equity | 10/15 | €380,241 | €318,133 | -€62,108 | -16.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €21,197 | €21,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,070 | €234,962 | -€62,108 | -20.9% |
| Provisions and deferred taxes | 16 | €979,960 | €963,921 | -€16,039 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €979,960 | €963,921 | -€16,039 | -1.6% |
| Other liabilities and charges | 164/5 | €979,960 | €963,921 | -€16,039 | -1.6% |
| Amounts payable | 17/49 | €151,212 | €180,772 | +€29,560 | +19.5% |
| Amounts payable within one year | 42/48 | €124,186 | €153,664 | +€29,478 | +23.7% |
| Trade debts | 44 | €114,481 | €32,530 | -€81,951 | -71.6% |
| Suppliers | 440/4 | €114,481 | €32,530 | -€81,951 | -71.6% |
| Taxes, remuneration and social security | 45 | €9,705 | €9,743 | +€38 | +0.4% |
| Taxes | 450/3 | €9,705 | €9,743 | +€38 | +0.4% |
| Other amounts payable | 47/48 | - | €111,391 | +€111,391 | |
| Accrued charges and deferred income | 492/3 | €27,026 | €27,108 | +€82 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €945 | +€88 | +10.3% |
| Other operating charges | 640/8 | €1,286 | €1,318 | +€33 | +2.6% |
| Gross operating margin | 9900 | €497,543 | €17,853 | -€479,690 | -96.4% |
| Operating profit (loss) | 9901 | €495,401 | €15,590 | -€479,811 | -96.9% |
| Financial income | 75/76B | €318,515 | €15,844 | -€302,671 | -95.0% |
| Recurring financial income | 75 | €318,515 | €15,844 | -€302,671 | -95.0% |
| Financial charges | 65/66B | €1,282,874 | €93,542 | -€1.2m | -92.7% |
| Recurring financial charges | 65 | €82,848 | €93,542 | +€10,693 | +12.9% |
| Non-recurring financial charges | 66B | €1,200,025 | - | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€468,958 | -€62,108 | +€406,850 | +86.8% |
| Income taxes | 67/77 | €22,058 | - | -€22,058 | |
| Profit (loss) for the period | 9904 | -€491,016 | -€62,108 | +€428,908 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€491,016 | -€62,108 | +€428,908 | +87.4% |
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 28 September 2026 via checked.be.