Thecreators: 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.
Thecreators
Largest movements
- Tangible fixed assets +€147,751
up €147,751 (+242.4%), from €60,960 to €208,711
of which Land and buildings: +€174,677
- Cash +€25,045
up €25,045 (+49.8%), from €50,260 to €75,305
mainly Debts after one year (+€81,472) and Depreciation (+€47,558)
- Intangible fixed assets -€22,857
down €22,857 (-19.3%), from €118,544 to €95,687
- Receivables within one year +€10,873
up €10,873 (+58.0%), from €18,761 to €29,634
of which Trade receivables: +€6,645
- Debts after one year +€81,472
up €81,472 (+63.0%), from €129,313 to €210,785
- Tax, wage and social debts +€45,940
up €45,940 (+211.2%), from €21,756 to €67,696
of which Taxes: +€28,648
- Other debts +€11,155
up €11,155 (+168.2%), from €6,633 to €17,788
- Current portion of long-term debt +€7,065
up €7,065 (+18.8%), from €37,633 to €44,698
- Reserves +€6,303
up €6,303 (+11.9%), from €53,008 to €59,311
- Gross operating margin +€74,856
up €74,856 (+70.2%), from €106,585 to €181,440
- Staff costs +€58,484
up €58,484 (+158.3%), from €36,954 to €95,438
- Depreciation +€18,723
up €18,723 (+64.9%), from €28,835 to €47,558
- Other operating charges +€9,551
up €9,551 (+1490.4%), from €641 to €10,192
- Taxes +€8,187
up €8,187 (+129.2%), from €6,339 to €14,526
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 | €252,878 | €412,205 | +€159,327 | +63.0% |
| Fixed assets | 21/28 | €181,476 | €306,370 | +€124,894 | +68.8% |
| Intangible fixed assets | 21 | €118,544 | €95,687 | -€22,857 | -19.3% |
| Tangible fixed assets | 22/27 | €60,960 | €208,711 | +€147,751 | +242.4% |
| Land and buildings | 22 | - | €174,677 | +€174,677 | |
| Furniture and vehicles | 24 | €60,960 | €34,034 | -€26,926 | -44.2% |
| Financial fixed assets | 28 | €1,972 | €1,972 | = | 0.0% |
| Current assets | 29/58 | €71,402 | €105,835 | +€34,433 | +48.2% |
| Amounts receivable within one year | 40/41 | €18,761 | €29,634 | +€10,873 | +58.0% |
| Trade receivables | 40 | €18,458 | €25,103 | +€6,645 | +36.0% |
| Other amounts receivable | 41 | €303 | €4,531 | +€4,228 | +1394.3% |
| Cash at bank and in hand | 54/58 | €50,260 | €75,305 | +€25,045 | +49.8% |
| Deferred charges and accrued income | 490/1 | €2,381 | €895 | -€1,486 | -62.4% |
| Total equity and liabilities | 10/49 | €252,878 | €412,205 | +€159,327 | +63.0% |
| Equity | 10/15 | €55,508 | €61,811 | +€6,303 | +11.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,008 | €59,311 | +€6,303 | +11.9% |
| Distributable reserves | 133 | €53,008 | €59,311 | +€6,303 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €197,370 | €350,394 | +€153,024 | +77.5% |
| Amounts payable after more than one year | 17 | €129,313 | €210,785 | +€81,472 | +63.0% |
| Financial debts | 170/4 | €129,313 | €210,785 | +€81,472 | +63.0% |
| Amounts payable within one year | 42/48 | €68,057 | €139,224 | +€71,167 | +104.6% |
| Current portion of amounts payable after more than one year | 42 | €37,633 | €44,698 | +€7,065 | +18.8% |
| Trade debts | 44 | €2,035 | €5,667 | +€3,633 | +178.5% |
| Suppliers | 440/4 | €2,035 | €5,667 | +€3,633 | +178.5% |
| Advances received on contracts in progress | 46 | - | €3,374 | +€3,374 | |
| Taxes, remuneration and social security | 45 | €21,756 | €67,696 | +€45,940 | +211.2% |
| Taxes | 450/3 | €12,612 | €41,260 | +€28,648 | +227.2% |
| Remuneration and social security | 454/9 | €9,144 | €26,436 | +€17,292 | +189.1% |
| Other amounts payable | 47/48 | €6,633 | €17,788 | +€11,155 | +168.2% |
| Accrued charges and deferred income | 492/3 | - | €385 | +€385 | |
| Remuneration, social security and pensions | 62 | €36,954 | €95,438 | +€58,484 | +158.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,835 | €47,558 | +€18,723 | +64.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,885 | €0 | -€3,885 | -100.0% |
| Other operating charges | 640/8 | €641 | €10,192 | +€9,551 | +1490.4% |
| Non-recurring operating charges | 66A | €1,820 | €0 | -€1,820 | -100.0% |
| Gross operating margin | 9900 | €106,585 | €181,440 | +€74,856 | +70.2% |
| Operating profit (loss) | 9901 | €34,449 | €28,253 | -€6,197 | -18.0% |
| Financial income | 75/76B | €4 | €231 | +€227 | +5364.1% |
| Recurring financial income | 75 | €4 | €231 | +€227 | +5364.1% |
| Financial charges | 65/66B | €6,743 | €7,655 | +€912 | +13.5% |
| Recurring financial charges | 65 | €6,743 | €7,655 | +€912 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €27,710 | €20,829 | -€6,881 | -24.8% |
| Income taxes | 67/77 | €6,339 | €14,526 | +€8,187 | +129.2% |
| Profit (loss) for the period | 9904 | €21,371 | €6,303 | -€15,069 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,371 | €6,303 | -€15,069 | -70.5% |
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 3 October 2026 via checked.be.