CREACTIVE: 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.
CREACTIVE
Largest movements
- Receivables within one year -€20,979
down €20,979 (-54.2%), from €38,684 to €17,705
of which Trade receivables: -€21,716
- Stocks and contracts +€4,601
new in 2025: €4,601
- Tangible fixed assets +€2,653
up €2,653 (+10.8%), from €24,594 to €27,247
of which Other tangible fixed assets: +€1,528
- Cash +€2,445
up €2,445 (+7.1%), from €34,420 to €36,865
mainly Receivables within one year (+€20,979) and Net result for the year (+€14,375)
- Deferred charges and accrued income +€1,425
up €1,425 (+31.3%), from €4,560 to €5,985
- Reserves +€14,000
up €14,000 (+36.8%), from €38,000 to €52,000
- Debts after one year -€8,292
down €8,292 (-59.1%), from €14,019 to €5,727
- Trade debts -€6,990
down €6,990 (-40.9%), from €17,101 to €10,111
- Tax, wage and social debts -€6,363
down €6,363 (-56.4%), from €11,290 to €4,927
- Other debts -€2,929
down €2,929 (-35.2%), from €8,332 to €5,403
- Gross operating margin -€34,991
down €34,991 (-53.5%), from €65,349 to €30,358
- Taxes -€6,497
down €6,497 (-62.9%), from €10,334 to €3,836
- Depreciation -€3,460
down €3,460 (-25.2%), from €13,704 to €10,244
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 | €102,258 | €92,404 | -€9,855 | -9.6% |
| Fixed assets | 21/28 | €24,594 | €27,247 | +€2,653 | +10.8% |
| Tangible fixed assets | 22/27 | €24,594 | €27,247 | +€2,653 | +10.8% |
| Plant, machinery and equipment | 23 | €1,002 | €603 | -€399 | -39.9% |
| Furniture and vehicles | 24 | €23,592 | €25,117 | +€1,525 | +6.5% |
| Other tangible fixed assets | 26 | - | €1,528 | +€1,528 | |
| Current assets | 29/58 | €77,664 | €65,157 | -€12,508 | -16.1% |
| Stocks and contracts in progress | 3 | - | €4,601 | +€4,601 | |
| Stocks | 30/36 | - | €4,601 | +€4,601 | |
| Amounts receivable within one year | 40/41 | €38,684 | €17,705 | -€20,979 | -54.2% |
| Trade receivables | 40 | €38,684 | €16,969 | -€21,716 | -56.1% |
| Other amounts receivable | 41 | - | €737 | +€737 | |
| Cash at bank and in hand | 54/58 | €34,420 | €36,865 | +€2,445 | +7.1% |
| Deferred charges and accrued income | 490/1 | €4,560 | €5,985 | +€1,425 | +31.3% |
| Total equity and liabilities | 10/49 | €102,258 | €92,404 | -€9,855 | -9.6% |
| Equity | 10/15 | €43,568 | €57,943 | +€14,375 | +33.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,000 | €52,000 | +€14,000 | +36.8% |
| Distributable reserves | 133 | €38,000 | €52,000 | +€14,000 | +36.8% |
| Profit (loss) carried forward | 14 | €568 | €943 | +€375 | +66.0% |
| Amounts payable | 17/49 | €58,690 | €34,460 | -€24,230 | -41.3% |
| Amounts payable after more than one year | 17 | €14,019 | €5,727 | -€8,292 | -59.1% |
| Financial debts | 170/4 | €14,019 | €5,727 | -€8,292 | -59.1% |
| Amounts payable within one year | 42/48 | €44,671 | €28,734 | -€15,937 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €7,948 | €8,292 | +€344 | +4.3% |
| Trade debts | 44 | €17,101 | €10,111 | -€6,990 | -40.9% |
| Suppliers | 440/4 | €17,101 | €10,111 | -€6,990 | -40.9% |
| Taxes, remuneration and social security | 45 | €11,290 | €4,927 | -€6,363 | -56.4% |
| Taxes | 450/3 | €11,290 | €4,927 | -€6,363 | -56.4% |
| Other amounts payable | 47/48 | €8,332 | €5,403 | -€2,929 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,704 | €10,244 | -€3,460 | -25.2% |
| Other operating charges | 640/8 | €1,017 | €502 | -€515 | -50.6% |
| Gross operating margin | 9900 | €65,349 | €30,358 | -€34,991 | -53.5% |
| Operating profit (loss) | 9901 | €50,628 | €19,612 | -€31,016 | -61.3% |
| Financial income | 75/76B | €3 | €4 | +€1 | +38.2% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +38.2% |
| Financial charges | 65/66B | €1,729 | €1,404 | -€325 | -18.8% |
| Recurring financial charges | 65 | €1,729 | €1,404 | -€325 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €48,902 | €18,211 | -€30,691 | -62.8% |
| Income taxes | 67/77 | €10,334 | €3,836 | -€6,497 | -62.9% |
| Profit (loss) for the period | 9904 | €38,568 | €14,375 | -€24,193 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,568 | €14,375 | -€24,193 | -62.7% |
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 6 October 2026 via checked.be.