Inkhorn Creative: 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.
Inkhorn Creative
Largest movements
- Receivables within one year -€132,799
down €132,799 (-86.4%), from €153,684 to €20,885
of which Trade receivables: -€108,021
- Receivables after one year -€79,000
down €79,000 (-100%), from €79,000 to €0
- Cash +€60,660
up €60,660 (+190%), from €31,974 to €92,634
mainly Receivables within one year (+€132,799) and Receivables after one year (+€79,000)
- Reserves -€63,980
down €63,980 (-60.5%), from €105,675 to €41,695
- Other debts -€46,050
down €46,050 (-58.3%), from €79,050 to €33,000
- Tax, wage and social debts -€34,350
down €34,350 (-72.4%), from €47,425 to €13,074
of which Taxes: -€31,747
- Trade debts -€9,535
down €9,535 (-75.3%), from €12,667 to €3,132
- Gross operating margin -€28,607
down €28,607 (-57.8%), from €49,504 to €20,896
- Taxes -€6,383
down €6,383 (-57.6%), from €11,074 to €4,691
- Financial charges +€919
up €919 (+3,243%), from €28 to €948
- Financial income -€586
down €586 (-28.4%), from €2,061 to €1,475
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.
Derived cash bridge
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 | €268,817 | €115,394 | -€153,423 | -57.1% |
| Current assets | 29/58 | €268,817 | €115,394 | -€153,423 | -57.1% |
| Amounts receivable after more than one year | 29 | €79,000 | €0 | -€79,000 | -100% |
| Other amounts receivable | 291 | €79,000 | €0 | -€79,000 | -100% |
| Amounts receivable within one year | 40/41 | €153,684 | €20,885 | -€132,799 | -86.4% |
| Trade receivables | 40 | €115,158 | €7,137 | -€108,021 | -93.8% |
| Other amounts receivable | 41 | €38,527 | €13,748 | -€24,779 | -64.3% |
| Cash at bank and in hand | 54/58 | €31,974 | €92,634 | +€60,660 | +190% |
| Deferred charges and accrued income | 490/1 | €4,158 | €1,875 | -€2,284 | -54.9% |
| Total equity and liabilities | 10/49 | €268,817 | €115,394 | -€153,423 | -57.1% |
| Equity | 10/15 | €129,675 | €65,695 | -€63,980 | -49.3% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €105,675 | €41,695 | -€63,980 | -60.5% |
| Distributable reserves | 133 | €105,675 | €41,695 | -€63,980 | -60.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,142 | €49,699 | -€89,443 | -64.3% |
| Amounts payable within one year | 42/48 | €139,142 | €49,699 | -€89,443 | -64.3% |
| Financial debts | 43 | €0 | €492 | +€492 | |
| Credit institutions | 430/8 | €0 | €492 | +€492 | |
| Trade debts | 44 | €12,667 | €3,132 | -€9,535 | -75.3% |
| Suppliers | 440/4 | €12,667 | €3,132 | -€9,535 | -75.3% |
| Taxes, remuneration and social security | 45 | €47,425 | €13,074 | -€34,350 | -72.4% |
| Taxes | 450/3 | €44,822 | €13,074 | -€31,747 | -70.8% |
| Remuneration and social security | 454/9 | €2,603 | €0 | -€2,603 | -100% |
| Other amounts payable | 47/48 | €79,050 | €33,000 | -€46,050 | -58.3% |
| Other operating charges | 640/8 | €675 | €712 | +€37 | +5.5% |
| Gross operating margin | 9900 | €49,504 | €20,896 | -€28,607 | -57.8% |
| Operating profit (loss) | 9901 | €48,829 | €20,184 | -€28,645 | -58.7% |
| Financial income | 75/76B | €2,061 | €1,475 | -€586 | -28.4% |
| Recurring financial income | 75 | €2,061 | €1,475 | -€586 | -28.4% |
| Financial charges | 65/66B | €28 | €948 | +€919 | +3,243% |
| Recurring financial charges | 65 | €28 | €948 | +€919 | +3,243% |
| Profit (loss) for the period before taxes | 9903 | €50,861 | €20,711 | -€30,150 | -59.3% |
| Income taxes | 67/77 | €11,074 | €4,691 | -€6,383 | -57.6% |
| Profit (loss) for the period | 9904 | €39,787 | €16,020 | -€23,767 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,787 | €16,020 | -€23,767 | -59.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.