CREADENT: 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.
CREADENT
Largest movements
- Cash +€23,625
up €23,625 (+39.2%), from €60,276 to €83,901
mainly Other debts (+€9,051) and Deferred charges and accrued income (+€6,154)
- Deferred charges and accrued income -€6,154
down €6,154 (-91.7%), from €6,714 to €559
- Other debts +€9,051
up €9,051 (+9.2%), from €98,013 to €107,064
- Gross operating margin -€11,923
down €11,923 (-66.4%), from €17,947 to €6,024
- Depreciation -€4,663
down €4,663 (-69.6%), from €6,700 to €2,037
- Financial income +€1,856
up €1,856 (+42.0%), from €4,421 to €6,277
of which Financial income: +€1,889
- Taxes -€1,684
down €1,684 (-80.7%), from €2,087 to €403
- Other operating charges +€899
up €899 (+1,450%), from €62 to €961
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 | €365,048 | €378,050 | +€13,002 | +3.6% |
| Fixed assets | 21/28 | €6,507 | €7,061 | +€554 | +8.5% |
| Tangible fixed assets | 22/27 | €6,507 | €7,061 | +€554 | +8.5% |
| Furniture and vehicles | 24 | €1,589 | €1,121 | -€468 | -29.4% |
| Other tangible fixed assets | 26 | €4,918 | €5,940 | +€1,022 | +20.8% |
| Current assets | 29/58 | €358,541 | €370,988 | +€12,448 | +3.5% |
| Stocks and contracts in progress | 3 | €13,499 | €11,324 | -€2,174 | -16.1% |
| Stocks | 30/36 | €13,499 | €11,324 | -€2,174 | -16.1% |
| Amounts receivable within one year | 40/41 | €226,070 | €222,480 | -€3,591 | -1.6% |
| Trade receivables | 40 | €5,588 | €18,416 | +€12,828 | +230% |
| Other amounts receivable | 41 | €220,482 | €204,063 | -€16,419 | -7.4% |
| Current investments | 50/53 | €51,981 | €52,724 | +€743 | +1.4% |
| Cash at bank and in hand | 54/58 | €60,276 | €83,901 | +€23,625 | +39.2% |
| Deferred charges and accrued income | 490/1 | €6,714 | €559 | -€6,154 | -91.7% |
| Total equity and liabilities | 10/49 | €365,048 | €378,050 | +€13,002 | +3.6% |
| Equity | 10/15 | €265,469 | €265,644 | +€175 | +0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €246,919 | €247,094 | +€175 | +0.1% |
| Distributable reserves | 133 | €246,919 | €247,094 | +€175 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,579 | €112,406 | +€12,827 | +12.9% |
| Amounts payable within one year | 42/48 | €99,579 | €112,406 | +€12,827 | +12.9% |
| Trade debts | 44 | €214 | €2,382 | +€2,168 | +1,012% |
| Suppliers | 440/4 | €214 | €2,382 | +€2,168 | +1,012% |
| Taxes, remuneration and social security | 45 | €1,351 | €2,959 | +€1,608 | +119% |
| Taxes | 450/3 | €1,351 | €1,547 | +€196 | +14.5% |
| Remuneration and social security | 454/9 | - | €1,412 | +€1,412 | |
| Other amounts payable | 47/48 | €98,013 | €107,064 | +€9,051 | +9.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,700 | €2,037 | -€4,663 | -69.6% |
| Other operating charges | 640/8 | €62 | €961 | +€899 | +1,450% |
| Gross operating margin | 9900 | €17,947 | €6,024 | -€11,923 | -66.4% |
| Operating profit (loss) | 9901 | €11,185 | €3,026 | -€8,159 | -72.9% |
| Financial income | 75/76B | €4,421 | €6,277 | +€1,856 | +42.0% |
| Recurring financial income | 75 | €3,645 | €5,534 | +€1,889 | +51.8% |
| Non-recurring financial income | 76B | €776 | €743 | -€33 | -4.3% |
| Financial charges | 65/66B | €7,407 | €7,059 | -€348 | -4.7% |
| Recurring financial charges | 65 | €7,407 | €7,059 | -€348 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €8,199 | €2,244 | -€5,955 | -72.6% |
| Income taxes | 67/77 | €2,087 | €403 | -€1,684 | -80.7% |
| Profit (loss) for the period | 9904 | €6,113 | €1,841 | -€4,272 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,113 | €1,841 | -€4,272 | -69.9% |
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 15 October 2026 via checked.be.