EURO CREATIF: 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.
EURO CREATIF
Largest movements
- Receivables within one year +€121,839
up €121,839 (+304%), from €40,050 to €161,889
of which Trade receivables: +€97,428
- Deferred charges and accrued income +€1,925
up €1,925 (+2,077%), from €93 to €2,018
- Trade debts +€110,332
up €110,332 (+444%), from €24,872 to €135,204
- Profit (loss) carried forward +€8,432
up €8,432, from -€1,034 to €7,398
- Tax, wage and social debts +€2,630
up €2,630 (+90.9%), from €2,892 to €5,521
of which Remuneration and social security: +€2,771
- Gross operating margin +€49,030
up €49,030 (+160%), from €30,734 to €79,763
- Staff costs +€40,539
up €40,539 (+131%), from €31,013 to €71,552
- Depreciation -€2,554
down €2,554 (-84.8%), from €3,012 to €458
- Other operating charges -€879
down €879 (-64.7%), from €1,359 to €479
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,054 | €167,548 | +€121,494 | +264% |
| Fixed assets | 21/28 | €3,437 | €2,000 | -€1,437 | -41.8% |
| Tangible fixed assets | 22/27 | €1,437 | - | -€1,437 | |
| Furniture and vehicles | 24 | €1,437 | - | -€1,437 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €42,617 | €165,548 | +€122,931 | +288% |
| Amounts receivable within one year | 40/41 | €40,050 | €161,889 | +€121,839 | +304% |
| Trade receivables | 40 | €27,813 | €125,241 | +€97,428 | +350% |
| Other amounts receivable | 41 | €12,237 | €36,648 | +€24,411 | +199% |
| Cash at bank and in hand | 54/58 | €2,474 | €1,641 | -€833 | -33.7% |
| Deferred charges and accrued income | 490/1 | €93 | €2,018 | +€1,925 | +2,077% |
| Total equity and liabilities | 10/49 | €46,054 | €167,548 | +€121,494 | +264% |
| Equity | 10/15 | €18,290 | €26,722 | +€8,432 | +46.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €774 | €774 | = | 0.0% |
| Non-distributable reserves | 130/1 | €774 | €774 | = | 0.0% |
| Reserves not available under the articles | 1311 | €774 | €774 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,034 | €7,398 | +€8,432 | |
| Amounts payable | 17/49 | €27,764 | €140,826 | +€113,061 | +407% |
| Amounts payable within one year | 42/48 | €27,764 | €140,826 | +€113,061 | +407% |
| Trade debts | 44 | €24,872 | €135,204 | +€110,332 | +444% |
| Suppliers | 440/4 | €24,872 | €135,204 | +€110,332 | +444% |
| Taxes, remuneration and social security | 45 | €2,892 | €5,521 | +€2,630 | +90.9% |
| Taxes | 450/3 | €272 | €131 | -€142 | -52.1% |
| Remuneration and social security | 454/9 | €2,620 | €5,391 | +€2,771 | +106% |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €31,013 | €71,552 | +€40,539 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €458 | -€2,554 | -84.8% |
| Other operating charges | 640/8 | €1,359 | €479 | -€879 | -64.7% |
| Gross operating margin | 9900 | €30,734 | €79,763 | +€49,030 | +160% |
| Operating profit (loss) | 9901 | -€4,650 | €7,274 | +€11,924 | |
| Financial income | 75/76B | €1 | €403 | +€402 | +40,247% |
| Recurring financial income | 75 | €1 | €403 | +€402 | +40,247% |
| Financial charges | 65/66B | €197 | €102 | -€96 | -48.5% |
| Recurring financial charges | 65 | €197 | €102 | -€96 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,846 | €7,576 | +€12,422 | |
| Income taxes | 67/77 | €705 | - | -€705 | |
| Profit (loss) for the period | 9904 | -€5,551 | €7,576 | +€13,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,551 | €7,576 | +€13,127 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.