KREATIEF: 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.
What changed
KREATIEF
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€81,847
2024 · -€146,586+€64,739
Equity
€1.7m
2024 · €1.8m-€81,847
Cash
€3,920
2024 · €2,757+€1,162
Balance sheet total
€4.1m
2024 · €4.1m-€79,101
Largest movements
Assets
- Tangible fixed assets -€89,255
down €89,255 (-2.7%), from €3.3m to €3.2m
of which Land and buildings: -€66,288
Equity and liabilities
- Profit (loss) carried forward -€71,633
down €71,633 (-4.1%), from -€1.8m to -€1.8m
Income statement
- Depreciation -€57,508
down €57,508 (-39.2%), from €146,763 to €89,255
- Taxes -€35,929
down €35,929, from €22,329 to -€13,600
- Gross operating margin -€28,455
down €28,455, from €24,686 to -€3,769
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.
Result 2024
-€146,586
Gross operating margin
-€28,455
Depreciation
+€57,508
Other operating charges
-€237
Financial income
-€15
Financial charges
+€9
Taxes
+€35,929
Result 2025
-€81,847
raises the resultlowers the result
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.
From operations
+€1,162
Investment
€0
Financing
€0
Cash 2024
€2,757
From operations (derived)
+€1,162
Net result for the year
-€81,847
Depreciation
+€89,255
Receivables within one year
-€8,991
Provisions
-€3,404
Trade debts
-€13,861
Other debts
+€20,130
Accrued charges and deferred income
-€118
Cash 2025
€3,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,149,911 | €4,070,810 | -€79,101 | -1.9% |
| Fixed assets | 21/28 | €3,814,894 | €3,725,639 | -€89,255 | -2.3% |
| Tangible fixed assets | 22/27 | €3,314,894 | €3,225,639 | -€89,255 | -2.7% |
| Land and buildings | 22 | €3,229,246 | €3,162,958 | -€66,288 | -2.1% |
| Plant, machinery and equipment | 23 | €85,648 | €62,682 | -€22,966 | -26.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €335,018 | €345,171 | +€10,153 | +3.0% |
| Amounts receivable within one year | 40/41 | €332,260 | €341,251 | +€8,991 | +2.7% |
| Other amounts receivable | 41 | €332,260 | €341,251 | +€8,991 | +2.7% |
| Cash at bank and in hand | 54/58 | €2,757 | €3,920 | +€1,162 | +42.2% |
| Total equity and liabilities | 10/49 | €4,149,911 | €4,070,810 | -€79,101 | -1.9% |
| Equity | 10/15 | €1,804,251 | €1,722,404 | -€81,847 | -4.5% |
| Contributions | 10/11 | €108,515 | €108,515 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,515 | €8,515 | = | 0.0% |
| Share premium | 1100/10 | €8,515 | €8,515 | = | 0.0% |
| Reserves | 13 | €3,457,812 | €3,447,598 | -€10,213 | -0.3% |
| Non-distributable reserves | 130/1 | €41,000 | €41,000 | = | 0.0% |
| Legal reserve | 130 | €41,000 | €41,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,533 | €116,319 | -€10,213 | -8.1% |
| Distributable reserves | 133 | €3,290,279 | €3,290,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,762,076 | -€1,833,709 | -€71,633 | -4.1% |
| Provisions and deferred taxes | 16 | €42,178 | €38,773 | -€3,404 | -8.1% |
| Deferred taxes | 168 | €42,178 | €38,773 | -€3,404 | -8.1% |
| Amounts payable | 17/49 | €2,303,483 | €2,309,633 | +€6,150 | +0.3% |
| Amounts payable within one year | 42/48 | €2,303,201 | €2,309,469 | +€6,268 | +0.3% |
| Trade debts | 44 | €15,512 | €1,650 | -€13,861 | -89.4% |
| Suppliers | 440/4 | €15,512 | €1,650 | -€13,861 | -89.4% |
| Other amounts payable | 47/48 | €2,287,689 | €2,307,819 | +€20,130 | +0.9% |
| Accrued charges and deferred income | 492/3 | €282 | €164 | -€118 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,763 | €89,255 | -€57,508 | -39.2% |
| Other operating charges | 640/8 | €9,875 | €10,111 | +€237 | +2.4% |
| Gross operating margin | 9900 | €24,686 | -€3,769 | -€28,455 | |
| Operating profit (loss) | 9901 | -€131,951 | -€103,135 | +€28,816 | +21.8% |
| Financial income | 75/76B | €4,684 | €4,669 | -€15 | -0.3% |
| Recurring financial income | 75 | €4,684 | €4,669 | -€15 | -0.3% |
| Financial charges | 65/66B | €394 | €385 | -€9 | -2.3% |
| Recurring financial charges | 65 | €394 | €385 | -€9 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€127,661 | -€98,851 | +€28,810 | +22.6% |
| Transfer from deferred taxes | 780 | €3,404 | €3,404 | = | 0.0% |
| Income taxes | 67/77 | €22,329 | -€13,600 | -€35,929 | |
| Profit (loss) for the period | 9904 | -€146,586 | -€81,847 | +€64,739 | +44.2% |
| Transfer from tax-exempt reserves | 789 | €10,213 | €10,213 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,373 | -€71,633 | +€64,739 | +47.5% |
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 30 October 2026 via checked.be.