CREADELTA: 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.
CREADELTA
Largest movements
- Cash -€28,403
down €28,403 (-84.7%), from €33,516 to €5,113
mainly Receivables within one year (-€19,355) and Trade debts (-€7,283)
- Receivables within one year +€19,355
up €19,355 (+2,048%), from €945 to €20,300
- Deferred charges and accrued income +€2,021
up €2,021 (+247%), from €819 to €2,840
- Trade debts -€7,283
down €7,283 (-69.7%), from €10,454 to €3,172
- Profit (loss) carried forward +€5,838
up €5,838 (+63.6%), from €9,176 to €15,015
- Other debts -€4,695
down €4,695 (-93.2%), from €5,039 to €344
- Tax, wage and social debts -€799
down €799 (-11.3%), from €7,073 to €6,274
- Gross operating margin -€2,065
down €2,065 (-12.8%), from €16,189 to €14,124
- Staff costs +€1,658
new in 2025: €1,658
- Other operating charges +€635
up €635 (+164%), from €387 to €1,022
- Taxes -€590
down €590 (-13.1%), from €4,519 to €3,930
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 | €37,187 | €30,389 | -€6,798 | -18.3% |
| Fixed assets | 21/28 | €1,907 | €2,136 | +€229 | +12.0% |
| Tangible fixed assets | 22/27 | €1,862 | €2,091 | +€229 | +12.3% |
| Other tangible fixed assets | 26 | €1,862 | €2,091 | +€229 | +12.3% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €35,280 | €28,253 | -€7,026 | -19.9% |
| Amounts receivable within one year | 40/41 | €945 | €20,300 | +€19,355 | +2,048% |
| Trade receivables | 40 | €945 | €20,300 | +€19,355 | +2,048% |
| Cash at bank and in hand | 54/58 | €33,516 | €5,113 | -€28,403 | -84.7% |
| Deferred charges and accrued income | 490/1 | €819 | €2,840 | +€2,021 | +247% |
| Total equity and liabilities | 10/49 | €37,187 | €30,389 | -€6,798 | -18.3% |
| Equity | 10/15 | €14,620 | €20,459 | +€5,838 | +39.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,444 | €1,444 | = | 0.0% |
| Distributable reserves | 133 | €1,444 | €1,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,176 | €15,015 | +€5,838 | +63.6% |
| Amounts payable | 17/49 | €22,567 | €9,930 | -€12,636 | -56.0% |
| Amounts payable within one year | 42/48 | €22,567 | €9,790 | -€12,777 | -56.6% |
| Trade debts | 44 | €10,454 | €3,172 | -€7,283 | -69.7% |
| Suppliers | 440/4 | €10,454 | €3,172 | -€7,283 | -69.7% |
| Taxes, remuneration and social security | 45 | €7,073 | €6,274 | -€799 | -11.3% |
| Taxes | 450/3 | €7,073 | €6,274 | -€799 | -11.3% |
| Other amounts payable | 47/48 | €5,039 | €344 | -€4,695 | -93.2% |
| Accrued charges and deferred income | 492/3 | - | €141 | +€141 | |
| Remuneration, social security and pensions | 62 | - | €1,658 | +€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €1,009 | -€103 | -9.2% |
| Other operating charges | 640/8 | €387 | €1,022 | +€635 | +164% |
| Gross operating margin | 9900 | €16,189 | €14,124 | -€2,065 | -12.8% |
| Operating profit (loss) | 9901 | €14,690 | €10,434 | -€4,256 | -29.0% |
| Financial income | 75/76B | €13 | €60 | +€47 | +371% |
| Recurring financial income | 75 | €13 | €60 | +€47 | +371% |
| Financial charges | 65/66B | €859 | €726 | -€133 | -15.4% |
| Recurring financial charges | 65 | €859 | €726 | -€133 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €13,844 | €9,768 | -€4,076 | -29.4% |
| Income taxes | 67/77 | €4,519 | €3,930 | -€590 | -13.1% |
| Profit (loss) for the period | 9904 | €9,324 | €5,838 | -€3,486 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,324 | €5,838 | -€3,486 | -37.4% |
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 14 October 2026 via checked.be.