IMMO CREATIV: 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.
IMMO CREATIV
Largest movements
- Cash -€121,405
down €121,405 (-73.1%), from €166,070 to €44,665
mainly Trade debts (-€130,623) and Debts after one year (-€44,942)
- Receivables within one year -€23,964
down €23,964 (-8.3%), from €289,036 to €265,071
of which Other amounts receivable: -€32,914
- Trade debts -€130,623
down €130,623 (-66.2%), from €197,336 to €66,713
- Debts after one year -€44,942
down €44,942 (-8.9%), from €503,444 to €458,502
- Profit (loss) carried forward +€21,233
up €21,233 (+7.4%), from €285,588 to €306,821
- Tax, wage and social debts +€12,711
up €12,711 (+35.9%), from €35,394 to €48,105
of which Taxes: +€8,983
- Gross operating margin -€79,278
down €79,278 (-34.8%), from €228,132 to €148,853
- Taxes -€22,222
down €22,222 (-72.7%), from €30,572 to €8,350
- Depreciation +€10,745
up €10,745 (+40.6%), from €26,466 to €37,211
- Staff costs -€4,206
down €4,206 (-8.3%), from €50,836 to €46,630
- Financial charges +€2,921
up €2,921 (+12.3%), from €23,811 to €26,731
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 | €1,122,964 | €981,253 | -€141,711 | -12.6% |
| Fixed assets | 21/28 | €647,250 | €647,814 | +€564 | +0.1% |
| Tangible fixed assets | 22/27 | €646,596 | €647,161 | +€564 | +0.1% |
| Land and buildings | 22 | €590,496 | €567,872 | -€22,624 | -3.8% |
| Plant, machinery and equipment | 23 | €21,173 | €54,543 | +€33,370 | +157.6% |
| Furniture and vehicles | 24 | €34,927 | €24,745 | -€10,182 | -29.2% |
| Financial fixed assets | 28 | €653 | €653 | = | 0.0% |
| Current assets | 29/58 | €475,714 | €333,439 | -€142,275 | -29.9% |
| Amounts receivable within one year | 40/41 | €289,036 | €265,071 | -€23,964 | -8.3% |
| Trade receivables | 40 | €256,117 | €265,067 | +€8,950 | +3.5% |
| Other amounts receivable | 41 | €32,919 | €4 | -€32,914 | -100.0% |
| Cash at bank and in hand | 54/58 | €166,070 | €44,665 | -€121,405 | -73.1% |
| Deferred charges and accrued income | 490/1 | €20,609 | €23,703 | +€3,094 | +15.0% |
| Total equity and liabilities | 10/49 | €1,122,964 | €981,253 | -€141,711 | -12.6% |
| Equity | 10/15 | €340,574 | €361,807 | +€21,233 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,786 | €48,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,926 | €46,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,588 | €306,821 | +€21,233 | +7.4% |
| Amounts payable | 17/49 | €782,390 | €619,446 | -€162,944 | -20.8% |
| Amounts payable after more than one year | 17 | €503,444 | €458,502 | -€44,942 | -8.9% |
| Financial debts | 170/4 | €503,444 | €458,502 | -€44,942 | -8.9% |
| Amounts payable within one year | 42/48 | €278,947 | €160,944 | -€118,002 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €46,216 | €42,005 | -€4,212 | -9.1% |
| Trade debts | 44 | €197,336 | €66,713 | -€130,623 | -66.2% |
| Suppliers | 440/4 | €197,336 | €66,713 | -€130,623 | -66.2% |
| Taxes, remuneration and social security | 45 | €35,394 | €48,105 | +€12,711 | +35.9% |
| Taxes | 450/3 | €33,227 | €42,210 | +€8,983 | +27.0% |
| Remuneration and social security | 454/9 | €2,168 | €5,895 | +€3,728 | +172.0% |
| Other amounts payable | 47/48 | - | €4,122 | +€4,122 | |
| Remuneration, social security and pensions | 62 | €50,836 | €46,630 | -€4,206 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,466 | €37,211 | +€10,745 | +40.6% |
| Other operating charges | 640/8 | €10,057 | €8,698 | -€1,359 | -13.5% |
| Gross operating margin | 9900 | €228,132 | €148,853 | -€79,278 | -34.8% |
| Operating profit (loss) | 9901 | €140,773 | €56,314 | -€84,459 | -60.0% |
| Financial charges | 65/66B | €23,811 | €26,731 | +€2,921 | +12.3% |
| Recurring financial charges | 65 | €23,811 | €26,731 | +€2,921 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €116,962 | €29,582 | -€87,379 | -74.7% |
| Income taxes | 67/77 | €30,572 | €8,350 | -€22,222 | -72.7% |
| Profit (loss) for the period | 9904 | €86,390 | €21,233 | -€65,157 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,390 | €21,233 | -€65,157 | -75.4% |
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 8 October 2026 via checked.be.