The Creative Code: what changed
Two fiscal 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.
The Creative Code
Largest movements
- Receivables within one year +€6,368
up €6,368 (+43.7%), from €14,577 to €20,945
of which Trade receivables: +€11,338
- Tangible fixed assets -€918
down €918 (-12.7%), from €7,217 to €6,299
of which Furniture and vehicles: -€869
- Deferred charges and accrued income -€845
down €845 (-87.8%), from €962 to €118
- Other debts +€16,494
up €16,494 (+79.1%), from €20,861 to €37,354
- Profit (loss) carried forward -€12,213
down €12,213 (-100.0%), from €12,213 to €0
- Gross operating margin +€9,043
up €9,043 (+31.3%), from €28,888 to €37,931
- Depreciation +€1,423
up €1,423 (+88.1%), from €1,615 to €3,038
- Taxes +€1,172
up €1,172 (+19.7%), from €5,947 to €7,119
- Financial charges -€573
down €573 (-18.1%), from €3,167 to €2,595
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.
Cash bridge derived
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 | €52,650 | €57,633 | +€4,982 | +9.5% |
| Fixed assets | 21/28 | €7,217 | €6,299 | -€918 | -12.7% |
| Tangible fixed assets | 22/27 | €7,217 | €6,299 | -€918 | -12.7% |
| Plant, machinery and equipment | 23 | €49 | €0 | -€49 | -100.0% |
| Furniture and vehicles | 24 | €7,168 | €6,299 | -€869 | -12.1% |
| Current assets | 29/58 | €45,433 | €51,334 | +€5,900 | +13.0% |
| Amounts receivable within one year | 40/41 | €14,577 | €20,945 | +€6,368 | +43.7% |
| Trade receivables | 40 | €9,607 | €20,945 | +€11,338 | +118.0% |
| Other amounts receivable | 41 | €4,970 | €0 | -€4,970 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,894 | €30,271 | +€377 | +1.3% |
| Deferred charges and accrued income | 490/1 | €962 | €118 | -€845 | -87.8% |
| Total equity and liabilities | 10/49 | €52,650 | €57,633 | +€4,982 | +9.5% |
| Equity | 10/15 | €22,213 | €10,000 | -€12,213 | -55.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,213 | €0 | -€12,213 | -100.0% |
| Amounts payable | 17/49 | €30,438 | €47,633 | +€17,195 | +56.5% |
| Amounts payable within one year | 42/48 | €30,243 | €47,438 | +€17,195 | +56.9% |
| Financial debts | 43 | €29 | €28 | -€1 | -3.7% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €29 | €28 | -€1 | -3.7% |
| Trade debts | 44 | €1,029 | €1,191 | +€162 | +15.7% |
| Suppliers | 440/4 | €1,029 | €1,191 | +€162 | +15.7% |
| Taxes, remuneration and social security | 45 | €8,324 | €8,865 | +€541 | +6.5% |
| Taxes | 450/3 | €8,324 | €8,865 | +€541 | +6.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,861 | €37,354 | +€16,494 | +79.1% |
| Accrued charges and deferred income | 492/3 | €195 | €195 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €3,038 | +€1,423 | +88.1% |
| Other operating charges | 640/8 | €854 | €898 | +€44 | +5.2% |
| Gross operating margin | 9900 | €28,888 | €37,931 | +€9,043 | +31.3% |
| Operating profit (loss) | 9901 | €26,419 | €33,995 | +€7,575 | +28.7% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €3,167 | €2,595 | -€573 | -18.1% |
| Recurring financial charges | 65 | €3,167 | €2,595 | -€573 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €23,258 | €31,400 | +€8,142 | +35.0% |
| Income taxes | 67/77 | €5,947 | €7,119 | +€1,172 | +19.7% |
| Profit (loss) for the period | 9904 | €17,310 | €24,281 | +€6,970 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,310 | €24,281 | +€6,970 | +40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.