CS Creative: 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.
CS Creative
Largest movements
- Receivables within one year +€67,011
up €67,011 (+127.5%), from €52,537 to €119,548
of which Trade receivables: +€60,592
- Cash +€62,953
up €62,953 (+41.6%), from €151,161 to €214,114
mainly Net result for the year (+€234,174) and Current portion of long-term debt (+€26,286)
- Financial fixed assets -€28,001
down €28,001 (-29.0%), from €96,633 to €68,632
- Tangible fixed assets +€6,477
up €6,477 (+45.0%), from €14,386 to €20,863
of which Other tangible fixed assets: +€6,109
- Profit (loss) carried forward +€234,174
up €234,174 (+97849.8%), from €239 to €234,414
- Other debts -€104,363
down €104,363 (-59.9%), from €174,363 to €70,000
- Reserves -€70,000
down €70,000 (-91.1%), from €76,860 to €6,860
of which Distributable reserves: -€70,000
- Current portion of long-term debt +€26,286
up €26,286 (+75.1%), from €35,000 to €61,286
- Tax, wage and social debts +€20,049
up €20,049 (+150.8%), from €13,291 to €33,340
- Gross operating margin +€131,959
up €131,959 (+70.4%), from €187,320 to €319,279
- Taxes +€35,799
up €35,799 (+81.8%), from €43,791 to €79,590
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 | €320,811 | €427,227 | +€106,416 | +33.2% |
| Fixed assets | 21/28 | €117,113 | €93,517 | -€23,595 | -20.1% |
| Intangible fixed assets | 21 | €6,093 | €4,022 | -€2,071 | -34.0% |
| Tangible fixed assets | 22/27 | €14,386 | €20,863 | +€6,477 | +45.0% |
| Plant, machinery and equipment | 23 | €459 | €1,523 | +€1,063 | +231.5% |
| Furniture and vehicles | 24 | €696 | €0 | -€696 | -100.0% |
| Other tangible fixed assets | 26 | €13,231 | €19,340 | +€6,109 | +46.2% |
| Financial fixed assets | 28 | €96,633 | €68,632 | -€28,001 | -29.0% |
| Current assets | 29/58 | €203,699 | €333,710 | +€130,011 | +63.8% |
| Amounts receivable within one year | 40/41 | €52,537 | €119,548 | +€67,011 | +127.5% |
| Trade receivables | 40 | €52,537 | €113,130 | +€60,592 | +115.3% |
| Other amounts receivable | 41 | - | €6,418 | +€6,418 | |
| Cash at bank and in hand | 54/58 | €151,161 | €214,114 | +€62,953 | +41.6% |
| Deferred charges and accrued income | 490/1 | €0 | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €320,811 | €427,227 | +€106,416 | +33.2% |
| Equity | 10/15 | €95,699 | €259,874 | +€164,174 | +171.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €6,860 | -€70,000 | -91.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €5,000 | -€70,000 | -93.3% |
| Profit (loss) carried forward | 14 | €239 | €234,414 | +€234,174 | +97849.8% |
| Amounts payable | 17/49 | €225,112 | €167,354 | -€57,758 | -25.7% |
| Amounts payable within one year | 42/48 | €225,112 | €167,354 | -€57,758 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €61,286 | +€26,286 | +75.1% |
| Trade debts | 44 | €2,458 | €2,727 | +€269 | +11.0% |
| Suppliers | 440/4 | €2,458 | €2,727 | +€269 | +11.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,291 | €33,340 | +€20,049 | +150.8% |
| Taxes | 450/3 | €13,291 | €33,340 | +€20,049 | +150.8% |
| Other amounts payable | 47/48 | €174,363 | €70,000 | -€104,363 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,614 | €6,483 | +€1,868 | +40.5% |
| Other operating charges | 640/8 | €1,006 | €569 | -€436 | -43.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €187,320 | €319,279 | +€131,959 | +70.4% |
| Operating profit (loss) | 9901 | €181,700 | €312,227 | +€130,527 | +71.8% |
| Financial income | 75/76B | €3,559 | €3,139 | -€421 | -11.8% |
| Recurring financial income | 75 | €3,559 | €3,139 | -€421 | -11.8% |
| Financial charges | 65/66B | €3,507 | €1,602 | -€1,905 | -54.3% |
| Recurring financial charges | 65 | €3,507 | €1,602 | -€1,905 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €181,752 | €313,764 | +€132,012 | +72.6% |
| Income taxes | 67/77 | €43,791 | €79,590 | +€35,799 | +81.8% |
| Profit (loss) for the period | 9904 | €137,962 | €234,174 | +€96,213 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,962 | €234,174 | +€96,213 | +69.7% |
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.