CREDAL PLUS: 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.
CREDAL PLUS
Largest movements
- Receivables within one year -€138,464
down €138,464 (-16.9%), from €819,766 to €681,302
of which Trade receivables: -€87,418
- Cash +€33,658
up €33,658 (+54.3%), from €61,984 to €95,642
mainly Receivables within one year (+€138,464) and Net result for the year (+€15,477)
- Debts within one year -€105,025
down €105,025 (-17.8%), from €590,944 to €485,919
- Profit (loss) carried forward +€15,477
up €15,477 (+5.6%), from €274,821 to €290,298
- Provisions -€15,180
no longer reported in 2025 (was €15,180)
- Turnover +€117,319
up €117,319 (+26.6%), from €441,647 to €558,966
- Staff costs -€73,150
down €73,150 (-6.7%), from €1.1m to €1.0m
- Purchases and services +€10,552
up €10,552 (+4.8%), from €220,929 to €231,481
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 | €883,096 | €778,369 | -€104,727 | -11.9% |
| Fixed assets | 21/28 | €1,160 | €1,160 | = | 0.0% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €881,936 | €777,209 | -€104,727 | -11.9% |
| Amounts receivable within one year | 40/41 | €819,766 | €681,302 | -€138,464 | -16.9% |
| Trade receivables | 40 | €376,103 | €288,685 | -€87,418 | -23.2% |
| Other amounts receivable | 41 | €443,663 | €392,617 | -€51,046 | -11.5% |
| Cash at bank and in hand | 54/58 | €61,984 | €95,642 | +€33,658 | +54.3% |
| Deferred charges and accrued income | 490/1 | €186 | €265 | +€79 | +42.5% |
| Total equity and liabilities | 10/49 | €883,096 | €778,369 | -€104,727 | -11.9% |
| Equity | 10/15 | €274,821 | €290,298 | +€15,477 | +5.6% |
| Profit (loss) carried forward | 14 | €274,821 | €290,298 | +€15,477 | +5.6% |
| Provisions and deferred taxes | 16 | €15,180 | - | -€15,180 | |
| Provisions for liabilities and charges | 160/5 | €15,180 | - | -€15,180 | |
| Other liabilities and charges | 164/5 | €15,180 | - | -€15,180 | |
| Amounts payable | 17/49 | €593,095 | €488,071 | -€105,024 | -17.7% |
| Amounts payable within one year | 42/48 | €590,944 | €485,919 | -€105,025 | -17.8% |
| Trade debts | 44 | €129,944 | €139,604 | +€9,660 | +7.4% |
| Suppliers | 440/4 | €129,944 | €139,604 | +€9,660 | +7.4% |
| Taxes, remuneration and social security | 45 | €203,032 | €168,808 | -€34,224 | -16.9% |
| Taxes | 450/3 | €30,341 | €28,989 | -€1,352 | -4.5% |
| Remuneration and social security | 454/9 | €172,691 | €139,819 | -€32,872 | -19.0% |
| Accrued charges and deferred income | 492/3 | €2,151 | €2,152 | +€1 | 0.0% |
| Turnover | 70 | €441,647 | €558,966 | +€117,319 | +26.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €220,929 | €231,481 | +€10,552 | +4.8% |
| Remuneration, social security and pensions | 62 | €1,091,493 | €1,018,343 | -€73,150 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €115 | €270 | +€155 | +134.8% |
| Gross operating margin | 9900 | €1,022,004 | €1,018,335 | -€3,669 | -0.4% |
| Operating profit (loss) | 9901 | -€84,784 | €14,902 | +€99,686 | |
| Financial income | 75/76B | - | €952 | +€952 | |
| Recurring financial income | 75 | - | €952 | +€952 | |
| Financial charges | 65/66B | €604 | €377 | -€227 | -37.6% |
| Recurring financial charges | 65 | €604 | €377 | -€227 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€85,388 | €15,477 | +€100,865 | |
| Profit (loss) for the period | 9904 | -€85,388 | €15,477 | +€100,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,388 | €15,477 | +€100,865 |
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 2 October 2026 via checked.be.