M&F CREATIVITY: 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.
M&F CREATIVITY
Largest movements
- Receivables within one year +€26,104
up €26,104 (+85.0%), from €30,692 to €56,796
of which Trade receivables: +€22,006
- Cash -€18,322
down €18,322 (-82.4%), from €22,243 to €3,921
mainly Net result for the year (-€27,194) and Receivables within one year (-€26,104)
- Tangible fixed assets -€2,837
down €2,837 (-33.9%), from €8,379 to €5,542
of which Furniture and vehicles: -€2,766
- Other debts +€30,070
up €30,070 (+501,158%), from €6 to €30,076
- Profit (loss) carried forward -€27,194
down €27,194 (-3.7%), from -€741,357 to -€768,551
- Trade debts +€2,044
up €2,044 (+113%), from €1,813 to €3,856
- Financial income -€496,312
down €496,312 (-99.9%), from €496,915 to €602
of which Non-recurring financial income: -€496,409
- Write-downs +€67,161
up €67,161, from -€67,161 to €0
- Other operating charges -€62,108
down €62,108 (-91.9%), from €67,611 to €5,502
- Gross operating margin +€3,687
up €3,687, from -€678 to €3,009
- Financial charges +€1,882
up €1,882 (+115%), from €1,636 to €3,518
of which Financial charges: +€1,882
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 | €61,819 | €66,901 | +€5,082 | +8.2% |
| Fixed assets | 21/28 | €8,379 | €5,542 | -€2,837 | -33.9% |
| Tangible fixed assets | 22/27 | €8,379 | €5,542 | -€2,837 | -33.9% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100% |
| Furniture and vehicles | 24 | €8,308 | €5,542 | -€2,766 | -33.3% |
| Current assets | 29/58 | €53,441 | €61,360 | +€7,919 | +14.8% |
| Amounts receivable within one year | 40/41 | €30,692 | €56,796 | +€26,104 | +85.0% |
| Trade receivables | 40 | €200 | €22,205 | +€22,006 | +11,030% |
| Other amounts receivable | 41 | €30,493 | €34,591 | +€4,098 | +13.4% |
| Cash at bank and in hand | 54/58 | €22,243 | €3,921 | -€18,322 | -82.4% |
| Deferred charges and accrued income | 490/1 | €506 | €643 | +€138 | +27.2% |
| Total equity and liabilities | 10/49 | €61,819 | €66,901 | +€5,082 | +8.2% |
| Equity | 10/15 | €57,743 | €30,549 | -€27,194 | -47.1% |
| Contributions | 10/11 | €715,600 | €715,600 | = | 0.0% |
| Reserves | 13 | €83,500 | €83,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100% |
| Distributable reserves | 133 | €78,500 | €83,500 | +€5,000 | +6.4% |
| Profit (loss) carried forward | 14 | -€741,357 | -€768,551 | -€27,194 | -3.7% |
| Amounts payable | 17/49 | €4,077 | €36,353 | +€32,276 | +792% |
| Amounts payable within one year | 42/48 | €4,077 | €36,353 | +€32,276 | +792% |
| Trade debts | 44 | €1,813 | €3,856 | +€2,044 | +113% |
| Suppliers | 440/4 | €1,813 | €3,856 | +€2,044 | +113% |
| Taxes, remuneration and social security | 45 | €2,258 | €2,421 | +€163 | +7.2% |
| Taxes | 450/3 | €2,258 | €2,421 | +€163 | +7.2% |
| Other amounts payable | 47/48 | €6 | €30,076 | +€30,070 | +501,158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €4,088 | -€212 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€67,161 | €0 | +€67,161 | |
| Other operating charges | 640/8 | €67,611 | €5,502 | -€62,108 | -91.9% |
| Non-recurring operating charges | 66A | €496,409 | €17,000 | -€479,409 | -96.6% |
| Gross operating margin | 9900 | -€678 | €3,009 | +€3,687 | |
| Operating profit (loss) | 9901 | -€501,837 | -€23,581 | +€478,256 | +95.3% |
| Financial income | 75/76B | €496,915 | €602 | -€496,312 | -99.9% |
| Recurring financial income | 75 | €506 | €602 | +€97 | +19.1% |
| Non-recurring financial income | 76B | €496,409 | €0 | -€496,409 | -100% |
| Financial charges | 65/66B | €1,636 | €3,518 | +€1,882 | +115% |
| Recurring financial charges | 65 | €1,636 | €3,518 | +€1,882 | +115% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€6,558 | -€26,497 | -€19,938 | -304% |
| Income taxes | 67/77 | - | €697 | +€697 | |
| Profit (loss) for the period | 9904 | -€6,558 | -€27,194 | -€20,636 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,558 | -€27,194 | -€20,636 | -315% |
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 19 October 2026 via checked.be.