Credal Entreprendre: what changed
Credal Entreprendre
Largest movements
- Cash +€160,431
up €160,431 (+487%), from €32,921 to €193,352
mainly Debts within one year (+€119,367) and Net result for the year (+€113,598)
- Receivables within one year +€51,545
up €51,545 (+27.2%), from €189,370 to €240,915
of which Other amounts receivable: +€51,785
- Debts within one year +€119,367
up €119,367 (+38.0%), from €314,127 to €433,494
of which Trade debts: +€113,475
- Profit (loss) carried forward +€113,598
up €113,598, from -€112,348 to €1,250
- Provisions -€21,120
no longer reported in 2025 (was €21,120)
- Staff costs +€42,026
up €42,026 (+6.2%), from €681,926 to €723,952
- Gross operating margin +€29,567
up €29,567 (+3.8%), from €787,240 to €816,807
- Other operating charges -€22,076
no longer reported in 2025 (was €22,076)
- Purchases and services -€16,032
down €16,032 (-8.5%), from €187,521 to €171,489
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 | €224,333 | €436,386 | +€212,053 | +94.5% |
| Fixed assets | 21/28 | €1,792 | €1,792 | = | 0.0% |
| Financial fixed assets | 28 | €1,792 | €1,792 | = | 0.0% |
| Current assets | 29/58 | €222,541 | €434,594 | +€212,053 | +95.3% |
| Amounts receivable within one year | 40/41 | €189,370 | €240,915 | +€51,545 | +27.2% |
| Trade receivables | 40 | €40,302 | €40,062 | -€240 | -0.6% |
| Other amounts receivable | 41 | €149,068 | €200,853 | +€51,785 | +34.7% |
| Cash at bank and in hand | 54/58 | €32,921 | €193,352 | +€160,431 | +487% |
| Deferred charges and accrued income | 490/1 | €250 | €327 | +€77 | +30.8% |
| Total equity and liabilities | 10/49 | €224,333 | €436,386 | +€212,053 | +94.5% |
| Equity | 10/15 | -€112,348 | €1,250 | +€113,598 | |
| Profit (loss) carried forward | 14 | -€112,348 | €1,250 | +€113,598 | |
| Provisions and deferred taxes | 16 | €21,120 | - | -€21,120 | |
| Provisions for liabilities and charges | 160/5 | €21,120 | - | -€21,120 | |
| Other liabilities and charges | 164/5 | €21,120 | - | -€21,120 | |
| Amounts payable | 17/49 | €315,561 | €435,136 | +€119,575 | +37.9% |
| Amounts payable within one year | 42/48 | €314,127 | €433,494 | +€119,367 | +38.0% |
| Trade debts | 44 | €160,524 | €273,999 | +€113,475 | +70.7% |
| Suppliers | 440/4 | €160,524 | €273,999 | +€113,475 | +70.7% |
| Taxes, remuneration and social security | 45 | €136,155 | €97,514 | -€38,641 | -28.4% |
| Taxes | 450/3 | €16,689 | €24,032 | +€7,343 | +44.0% |
| Remuneration and social security | 454/9 | €119,466 | €73,482 | -€45,984 | -38.5% |
| Accrued charges and deferred income | 492/3 | €1,434 | €1,642 | +€208 | +14.5% |
| Turnover | 70 | €48,970 | €47,549 | -€1,421 | -2.9% |
| Membership fees, donations, legacies and grants | 73 | €909,740 | €781,638 | -€128,102 | -14.1% |
| Non-recurring operating income | 76A | - | €135,000 | +€135,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €187,521 | €171,489 | -€16,032 | -8.5% |
| Remuneration, social security and pensions | 62 | €681,926 | €723,952 | +€42,026 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | - | -€50 | |
| Other operating charges | 640/8 | €22,076 | - | -€22,076 | |
| Gross operating margin | 9900 | €787,240 | €816,807 | +€29,567 | +3.8% |
| Operating profit (loss) | 9901 | €68,568 | €113,975 | +€45,407 | +66.2% |
| Financial charges | 65/66B | €459 | €377 | -€82 | -17.9% |
| Recurring financial charges | 65 | €459 | €377 | -€82 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €68,109 | €113,598 | +€45,489 | +66.8% |
| Profit (loss) for the period | 9904 | €68,109 | €113,598 | +€45,489 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,109 | €113,598 | +€45,489 | +66.8% |
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 7 November 2026 via checked.be.