CRED-M ADVISOR: 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.
CRED-M ADVISOR
Largest movements
- Cash -€18,292
down €18,292 (-25.4%), from €71,878 to €53,586
mainly Contributions, distributions and other (-€81,387) and Investment in fixed assets (net) (-€13,334)
- Tangible fixed assets +€9,367
up €9,367 (+2,428%), from €386 to €9,752
- Receivables after one year -€6,500
down €6,500 (-12.5%), from €52,000 to €45,500
- Receivables within one year +€2,101
up €2,101 (+9.6%), from €21,788 to €23,889
of which Trade receivables: +€2,162
- Profit (loss) carried forward -€30,426
down €30,426 (-33.5%), from €90,690 to €60,264
- Other debts +€25,042
up €25,042, from €0 to €25,042
- Tax, wage and social debts -€7,357
down €7,357 (-30.0%), from €24,501 to €17,144
of which Taxes: -€7,567
- Gross operating margin -€18,894
down €18,894 (-21.5%), from €88,001 to €69,107
- Taxes -€4,926
down €4,926 (-25.8%), from €19,068 to €14,142
- Depreciation +€3,775
up €3,775 (+1,957%), from €193 to €3,968
- Other operating charges -€1,167
down €1,167 (-52.1%), from €2,238 to €1,072
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 | €146,717 | €134,093 | -€12,625 | -8.6% |
| Fixed assets | 21/28 | €386 | €9,752 | +€9,367 | +2,428% |
| Tangible fixed assets | 22/27 | €386 | €9,752 | +€9,367 | +2,428% |
| Furniture and vehicles | 24 | €386 | €9,752 | +€9,367 | +2,428% |
| Current assets | 29/58 | €146,332 | €124,340 | -€21,991 | -15.0% |
| Amounts receivable after more than one year | 29 | €52,000 | €45,500 | -€6,500 | -12.5% |
| Other amounts receivable | 291 | €52,000 | €45,500 | -€6,500 | -12.5% |
| Amounts receivable within one year | 40/41 | €21,788 | €23,889 | +€2,101 | +9.6% |
| Trade receivables | 40 | €14,048 | €16,210 | +€2,162 | +15.4% |
| Other amounts receivable | 41 | €7,739 | €7,679 | -€60 | -0.8% |
| Cash at bank and in hand | 54/58 | €71,878 | €53,586 | -€18,292 | -25.4% |
| Deferred charges and accrued income | 490/1 | €666 | €1,365 | +€699 | +105% |
| Total equity and liabilities | 10/49 | €146,717 | €134,093 | -€12,625 | -8.6% |
| Equity | 10/15 | €121,835 | €91,409 | -€30,426 | -25.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €11,145 | €11,145 | = | 0.0% |
| Distributable reserves | 133 | €11,145 | €11,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,690 | €60,264 | -€30,426 | -33.5% |
| Amounts payable | 17/49 | €24,882 | €42,684 | +€17,802 | +71.5% |
| Amounts payable within one year | 42/48 | €24,882 | €42,684 | +€17,802 | +71.5% |
| Trade debts | 44 | €381 | €498 | +€116 | +30.5% |
| Suppliers | 440/4 | €381 | €498 | +€116 | +30.5% |
| Taxes, remuneration and social security | 45 | €24,501 | €17,144 | -€7,357 | -30.0% |
| Taxes | 450/3 | €24,501 | €16,934 | -€7,567 | -30.9% |
| Remuneration and social security | 454/9 | - | €210 | +€210 | |
| Other amounts payable | 47/48 | €0 | €25,042 | +€25,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €3,968 | +€3,775 | +1,957% |
| Other operating charges | 640/8 | €2,238 | €1,072 | -€1,167 | -52.1% |
| Gross operating margin | 9900 | €88,001 | €69,107 | -€18,894 | -21.5% |
| Operating profit (loss) | 9901 | €85,570 | €64,067 | -€21,502 | -25.1% |
| Financial income | 75/76B | €1,327 | €1,235 | -€92 | -6.9% |
| Recurring financial income | 75 | €1,327 | €1,235 | -€92 | -6.9% |
| Financial charges | 65/66B | €545 | €200 | -€345 | -63.3% |
| Recurring financial charges | 65 | €545 | €200 | -€345 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €86,352 | €65,103 | -€21,249 | -24.6% |
| Income taxes | 67/77 | €19,068 | €14,142 | -€4,926 | -25.8% |
| Profit (loss) for the period | 9904 | €67,284 | €50,960 | -€16,324 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,284 | €50,960 | -€16,324 | -24.3% |
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 19 October 2026 via checked.be.