rw-creations: 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.
rw-creations
Largest movements
- Cash -€7,606
down €7,606 (-24.3%), from €31,294 to €23,689
mainly Net result for the year (-€6,904) and Receivables within one year (-€3,566)
- Receivables within one year +€3,566
up €3,566 (+109%), from €3,267 to €6,833
of which Trade receivables: +€4,106
- Tangible fixed assets -€617
down €617 (-64.5%), from €956 to €339
- Deferred charges and accrued income -€501
down €501 (-53.7%), from €934 to €433
- Profit (loss) carried forward -€6,904
down €6,904 (-37.2%), from -€18,543 to -€25,447
- Other debts +€1,993
up €1,993 (+8.6%), from €23,219 to €25,212
- Gross operating margin -€1,684
down €1,684 (-43.2%), from -€3,898 to -€5,582
- Depreciation -€209
down €209 (-25.3%), from €826 to €617
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 | €36,451 | €31,293 | -€5,158 | -14.2% |
| Fixed assets | 21/28 | €956 | €339 | -€617 | -64.5% |
| Tangible fixed assets | 22/27 | €956 | €339 | -€617 | -64.5% |
| Plant, machinery and equipment | 23 | €956 | €339 | -€617 | -64.5% |
| Current assets | 29/58 | €35,495 | €30,954 | -€4,541 | -12.8% |
| Amounts receivable within one year | 40/41 | €3,267 | €6,833 | +€3,566 | +109% |
| Trade receivables | 40 | €2,654 | €6,761 | +€4,106 | +155% |
| Other amounts receivable | 41 | €613 | €72 | -€541 | -88.2% |
| Cash at bank and in hand | 54/58 | €31,294 | €23,689 | -€7,606 | -24.3% |
| Deferred charges and accrued income | 490/1 | €934 | €433 | -€501 | -53.7% |
| Total equity and liabilities | 10/49 | €36,451 | €31,293 | -€5,158 | -14.2% |
| Equity | 10/15 | €9,147 | €2,243 | -€6,904 | -75.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,490 | €21,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90 | €90 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €21,400 | €21,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,543 | -€25,447 | -€6,904 | -37.2% |
| Amounts payable | 17/49 | €27,305 | €29,050 | +€1,746 | +6.4% |
| Amounts payable within one year | 42/48 | €27,305 | €29,050 | +€1,746 | +6.4% |
| Trade debts | 44 | €4,086 | €3,838 | -€247 | -6.1% |
| Suppliers | 440/4 | €4,086 | €3,838 | -€247 | -6.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,219 | €25,212 | +€1,993 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €617 | -€209 | -25.3% |
| Other operating charges | 640/8 | €703 | €709 | +€6 | +0.8% |
| Gross operating margin | 9900 | -€3,898 | -€5,582 | -€1,684 | -43.2% |
| Operating profit (loss) | 9901 | -€5,427 | -€6,908 | -€1,481 | -27.3% |
| Financial income | 75/76B | €6 | €45 | +€39 | +675% |
| Recurring financial income | 75 | €6 | €45 | +€39 | +675% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,460 | -€6,904 | -€1,443 | -26.4% |
| Profit (loss) for the period | 9904 | -€5,460 | -€6,904 | -€1,443 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,460 | -€6,904 | -€1,443 | -26.4% |
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 25 October 2026 via checked.be.