CO-CREATIVE: what changed
CO-CREATIVE
Largest movements
- Receivables within one year +€3,959
up €3,959 (+13.9%), from €28,404 to €32,363
of which Trade receivables: +€2,700
- Cash -€3,938
down €3,938 (-6.3%), from €62,830 to €58,892
mainly Contributions, distributions and other (-€28,799) and Receivables within one year (-€3,959)
- Tangible fixed assets -€1,581
down €1,581 (-8.9%), from €17,758 to €16,177
of which Land and buildings: -€1,692
- Other debts +€11,410
up €11,410 (+52.6%), from €21,690 to €33,100
- Reserves -€7,360
down €7,360 (-11.3%), from €65,188 to €57,829
of which Distributable reserves: -€7,360
- Tax, wage and social debts -€3,843
down €3,843 (-25.0%), from €15,345 to €11,502
of which Taxes: -€3,813
- Trade debts -€3,132
down €3,132 (-92.1%), from €3,399 to €267
- Accrued charges and deferred income +€1,667
new in 2025: €1,667
- Gross operating margin -€8,578
down €8,578 (-13.6%), from €62,854 to €54,276
- Taxes -€3,382
down €3,382 (-25.8%), from €13,123 to €9,741
- Staff costs +€1,678
up €1,678 (+13.6%), from €12,375 to €14,053
- Depreciation +€822
up €822 (+25.9%), from €3,178 to €4,001
- Financial charges +€775
up €775 (+26.5%), from €2,929 to €3,704
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,822 | €110,565 | -€1,257 | -1.1% |
| Fixed assets | 21/28 | €17,758 | €16,177 | -€1,581 | -8.9% |
| Tangible fixed assets | 22/27 | €17,758 | €16,177 | -€1,581 | -8.9% |
| Land and buildings | 22 | €11,657 | €9,965 | -€1,692 | -14.5% |
| Plant, machinery and equipment | 23 | €2,133 | €1,692 | -€441 | -20.7% |
| Furniture and vehicles | 24 | €3,968 | €4,520 | +€552 | +13.9% |
| Current assets | 29/58 | €94,065 | €94,388 | +€324 | +0.3% |
| Amounts receivable within one year | 40/41 | €28,404 | €32,363 | +€3,959 | +13.9% |
| Trade receivables | 40 | €28,404 | €31,104 | +€2,700 | +9.5% |
| Other amounts receivable | 41 | - | €1,259 | +€1,259 | |
| Cash at bank and in hand | 54/58 | €62,830 | €58,892 | -€3,938 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,831 | €3,134 | +€303 | +10.7% |
| Total equity and liabilities | 10/49 | €111,822 | €110,565 | -€1,257 | -1.1% |
| Equity | 10/15 | €71,388 | €64,029 | -€7,360 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,188 | €57,829 | -€7,360 | -11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,328 | €55,969 | -€7,360 | -11.6% |
| Amounts payable | 17/49 | €40,434 | €46,537 | +€6,103 | +15.1% |
| Amounts payable within one year | 42/48 | €40,434 | €44,869 | +€4,435 | +11.0% |
| Trade debts | 44 | €3,399 | €267 | -€3,132 | -92.1% |
| Suppliers | 440/4 | €3,399 | €267 | -€3,132 | -92.1% |
| Taxes, remuneration and social security | 45 | €15,345 | €11,502 | -€3,843 | -25.0% |
| Taxes | 450/3 | €13,810 | €9,997 | -€3,813 | -27.6% |
| Remuneration and social security | 454/9 | €1,535 | €1,505 | -€30 | -1.9% |
| Other amounts payable | 47/48 | €21,690 | €33,100 | +€11,410 | +52.6% |
| Accrued charges and deferred income | 492/3 | - | €1,667 | +€1,667 | |
| Remuneration, social security and pensions | 62 | €12,375 | €14,053 | +€1,678 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €4,001 | +€822 | +25.9% |
| Other operating charges | 640/8 | €957 | €1,352 | +€395 | +41.2% |
| Gross operating margin | 9900 | €62,854 | €54,276 | -€8,578 | -13.6% |
| Operating profit (loss) | 9901 | €46,343 | €34,870 | -€11,473 | -24.8% |
| Financial income | 75/76B | €0 | €14 | +€14 | +15,667% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +15,667% |
| Financial charges | 65/66B | €2,929 | €3,704 | +€775 | +26.5% |
| Recurring financial charges | 65 | €2,929 | €3,704 | +€775 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €43,415 | €31,181 | -€12,234 | -28.2% |
| Income taxes | 67/77 | €13,123 | €9,741 | -€3,382 | -25.8% |
| Profit (loss) for the period | 9904 | €30,292 | €21,440 | -€8,852 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,292 | €21,440 | -€8,852 | -29.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.