GDOcreative: 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.
GDOcreative
Largest movements
- Intangible fixed assets -€16,042
down €16,042 (-100.0%), from €16,042 to €0
- Tangible fixed assets -€2,689
down €2,689 (-9.9%), from €27,055 to €24,365
- Receivables within one year +€2,589
up €2,589 (+12.4%), from €20,907 to €23,496
of which Trade receivables: +€7,480
- Cash -€2,266
down €2,266 (-20.4%), from €11,101 to €8,835
mainly Contributions, distributions and other (-€10,155) and Other debts (-€9,841)
- Profit (loss) carried forward -€11,973
down €11,973 (-31.6%), from €37,929 to €25,956
- Other debts -€9,841
down €9,841 (-49.2%), from €19,996 to €10,155
- Tax, wage and social debts +€2,790
up €2,790 (+25.6%), from €10,918 to €13,708
- Trade debts +€1,380
up €1,380 (+840.3%), from €164 to €1,545
- Gross operating margin -€4,770
down €4,770 (-14.4%), from €33,161 to €28,391
- Depreciation -€841
down €841 (-3.0%), from €27,785 to €26,945
- Taxes -€807
down €807 (-26.2%), from €3,081 to €2,274
- Other operating charges -€376
down €376 (-27.9%), from €1,350 to €974
- Financial income -€361
down €361 (-68.1%), from €531 to €169
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 | €77,067 | €59,423 | -€17,644 | -22.9% |
| Fixed assets | 21/28 | €43,179 | €24,448 | -€18,731 | -43.4% |
| Intangible fixed assets | 21 | €16,042 | €0 | -€16,042 | -100.0% |
| Tangible fixed assets | 22/27 | €27,055 | €24,365 | -€2,689 | -9.9% |
| Furniture and vehicles | 24 | €27,055 | €24,365 | -€2,689 | -9.9% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €33,888 | €34,974 | +€1,087 | +3.2% |
| Amounts receivable within one year | 40/41 | €20,907 | €23,496 | +€2,589 | +12.4% |
| Trade receivables | 40 | €12,911 | €20,391 | +€7,480 | +57.9% |
| Other amounts receivable | 41 | €7,996 | €3,105 | -€4,891 | -61.2% |
| Cash at bank and in hand | 54/58 | €11,101 | €8,835 | -€2,266 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,880 | €2,643 | +€763 | +40.6% |
| Total equity and liabilities | 10/49 | €77,067 | €59,423 | -€17,644 | -22.9% |
| Equity | 10/15 | €45,989 | €34,016 | -€11,973 | -26.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,929 | €25,956 | -€11,973 | -31.6% |
| Amounts payable | 17/49 | €31,079 | €25,407 | -€5,671 | -18.2% |
| Amounts payable within one year | 42/48 | €31,079 | €25,407 | -€5,671 | -18.2% |
| Trade debts | 44 | €164 | €1,545 | +€1,380 | +840.3% |
| Suppliers | 440/4 | €164 | €1,545 | +€1,380 | +840.3% |
| Taxes, remuneration and social security | 45 | €10,918 | €13,708 | +€2,790 | +25.6% |
| Taxes | 450/3 | €10,918 | €13,708 | +€2,790 | +25.6% |
| Other amounts payable | 47/48 | €19,996 | €10,155 | -€9,841 | -49.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,785 | €26,945 | -€841 | -3.0% |
| Other operating charges | 640/8 | €1,350 | €974 | -€376 | -27.9% |
| Gross operating margin | 9900 | €33,161 | €28,391 | -€4,770 | -14.4% |
| Operating profit (loss) | 9901 | €4,025 | €472 | -€3,553 | -88.3% |
| Financial income | 75/76B | €531 | €169 | -€361 | -68.1% |
| Recurring financial income | 75 | €531 | €169 | -€361 | -68.1% |
| Financial charges | 65/66B | €373 | €185 | -€187 | -50.3% |
| Recurring financial charges | 65 | €373 | €185 | -€187 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €4,183 | €456 | -€3,727 | -89.1% |
| Income taxes | 67/77 | €3,081 | €2,274 | -€807 | -26.2% |
| Profit (loss) for the period | 9904 | €1,102 | -€1,818 | -€2,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,102 | -€1,818 | -€2,920 |
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 6 October 2026 via checked.be.