MORPHING 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.
MORPHING CREATIVITY
Largest movements
- Receivables within one year -€58,346
down €58,346 (-65.4%), from €89,253 to €30,907
of which Trade receivables: -€58,695
- Cash +€39,727
up €39,727 (+119%), from €33,341 to €73,068
mainly Receivables within one year (+€58,346) and Net result for the year (+€54,062)
- Tangible fixed assets -€6,176
down €6,176 (-43.1%), from €14,320 to €8,143
of which Plant, machinery and equipment: -€7,481
- Stocks and contracts -€6,041
down €6,041 (-1.9%), from €318,293 to €312,252
- Reserves +€44,450
up €44,450 (+25.9%), from €171,577 to €216,027
of which Distributable reserves: +€44,450
- Trade debts -€34,909
down €34,909 (-74.4%), from €46,944 to €12,035
- Other debts -€30,873
down €30,873 (-16.7%), from €184,533 to €153,660
- Tax, wage and social debts -€7,617
down €7,617 (-34.8%), from €21,898 to €14,281
of which Taxes: -€7,731
- Gross operating margin +€43,476
up €43,476 (+62.2%), from €69,854 to €113,330
- Taxes +€12,352
up €12,352 (+150%), from €8,211 to €20,562
- Financial income +€6,096
up €6,096 (+392%), from €1,556 to €7,652
- Financial charges +€4,104
up €4,104 (+693%), from €592 to €4,696
- Staff costs +€3,844
up €3,844 (+13.8%), from €27,802 to €31,646
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 | €459,460 | €428,025 | -€31,436 | -6.8% |
| Fixed assets | 21/28 | €14,320 | €8,143 | -€6,176 | -43.1% |
| Tangible fixed assets | 22/27 | €14,320 | €8,143 | -€6,176 | -43.1% |
| Land and buildings | 22 | - | €2,499 | +€2,499 | |
| Plant, machinery and equipment | 23 | €11,076 | €3,595 | -€7,481 | -67.5% |
| Furniture and vehicles | 24 | €3,243 | €2,049 | -€1,194 | -36.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €445,141 | €419,881 | -€25,259 | -5.7% |
| Stocks and contracts in progress | 3 | €318,293 | €312,252 | -€6,041 | -1.9% |
| Stocks | 30/36 | €318,293 | €312,252 | -€6,041 | -1.9% |
| Amounts receivable within one year | 40/41 | €89,253 | €30,907 | -€58,346 | -65.4% |
| Trade receivables | 40 | €79,946 | €21,251 | -€58,695 | -73.4% |
| Other amounts receivable | 41 | €9,307 | €9,656 | +€348 | +3.7% |
| Cash at bank and in hand | 54/58 | €33,341 | €73,068 | +€39,727 | +119% |
| Deferred charges and accrued income | 490/1 | €4,254 | €3,655 | -€598 | -14.1% |
| Total equity and liabilities | 10/49 | €459,460 | €428,025 | -€31,436 | -6.8% |
| Equity | 10/15 | €203,186 | €247,636 | +€44,450 | +21.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €171,577 | €216,027 | +€44,450 | +25.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €171,577 | €216,027 | +€44,450 | +25.9% |
| Profit (loss) carried forward | 14 | €1,609 | €1,609 | = | 0.0% |
| Amounts payable | 17/49 | €256,274 | €180,389 | -€75,886 | -29.6% |
| Amounts payable within one year | 42/48 | €253,374 | €179,975 | -€73,399 | -29.0% |
| Trade debts | 44 | €46,944 | €12,035 | -€34,909 | -74.4% |
| Suppliers | 440/4 | €46,944 | €12,035 | -€34,909 | -74.4% |
| Taxes, remuneration and social security | 45 | €21,898 | €14,281 | -€7,617 | -34.8% |
| Taxes | 450/3 | €17,515 | €9,784 | -€7,731 | -44.1% |
| Remuneration and social security | 454/9 | €4,382 | €4,497 | +€115 | +2.6% |
| Other amounts payable | 47/48 | €184,533 | €153,660 | -€30,873 | -16.7% |
| Accrued charges and deferred income | 492/3 | €2,900 | €414 | -€2,487 | -85.7% |
| Non-recurring operating income | 76A | - | €4,444 | +€4,444 | |
| Remuneration, social security and pensions | 62 | €27,802 | €31,646 | +€3,844 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,550 | €8,879 | -€3,670 | -29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €991 | €1,136 | +€146 | +14.7% |
| Gross operating margin | 9900 | €69,854 | €113,330 | +€43,476 | +62.2% |
| Operating profit (loss) | 9901 | €28,512 | €71,668 | +€43,156 | +151% |
| Financial income | 75/76B | €1,556 | €7,652 | +€6,096 | +392% |
| Recurring financial income | 75 | €1,556 | €7,652 | +€6,096 | +392% |
| Financial charges | 65/66B | €592 | €4,696 | +€4,104 | +693% |
| Recurring financial charges | 65 | €592 | €4,696 | +€4,104 | +693% |
| Profit (loss) for the period before taxes | 9903 | €29,476 | €74,624 | +€45,148 | +153% |
| Income taxes | 67/77 | €8,211 | €20,562 | +€12,352 | +150% |
| Profit (loss) for the period | 9904 | €21,266 | €54,062 | +€32,796 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €21,266 | €54,062 | +€32,796 | +154% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.