CREDAN: 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.
CREDAN
Largest movements
- Tangible fixed assets -€4,493
down €4,493 (-3.1%), from €145,707 to €141,214
- Debts after one year -€9,000
down €9,000 (-8.0%), from €112,166 to €103,166
- Other debts +€4,103
up €4,103 (+838.0%), from €490 to €4,592
- Financial charges -€3,527
down €3,527 (-86.5%), from €4,075 to €549
- Gross operating margin +€1,612
up €1,612 (+31.5%), from €5,117 to €6,729
- Other operating charges -€221
down €221 (-29.0%), from €761 to €540
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 | €145,707 | €141,494 | -€4,213 | -2.9% |
| Fixed assets | 21/28 | €145,707 | €141,214 | -€4,493 | -3.1% |
| Tangible fixed assets | 22/27 | €145,707 | €141,214 | -€4,493 | -3.1% |
| Land and buildings | 22 | €145,707 | €141,214 | -€4,493 | -3.1% |
| Current assets | 29/58 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | - | €280 | +€280 | |
| Total equity and liabilities | 10/49 | €145,707 | €141,494 | -€4,213 | -2.9% |
| Equity | 10/15 | €32,537 | €33,684 | +€1,148 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,005 | €2,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,005 | €2,005 | = | 0.0% |
| Legal reserve | 130 | €2,005 | €2,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,468 | -€30,321 | +€1,148 | +3.6% |
| Amounts payable | 17/49 | €113,170 | €107,809 | -€5,361 | -4.7% |
| Amounts payable after more than one year | 17 | €112,166 | €103,166 | -€9,000 | -8.0% |
| Other amounts payable | 178/9 | €112,166 | €103,166 | -€9,000 | -8.0% |
| Amounts payable within one year | 42/48 | €1,004 | €4,643 | +€3,639 | +362.5% |
| Trade debts | 44 | €514 | €51 | -€464 | -90.1% |
| Suppliers | 440/4 | €514 | €51 | -€464 | -90.1% |
| Other amounts payable | 47/48 | €490 | €4,592 | +€4,103 | +838.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,493 | €4,493 | = | 0.0% |
| Other operating charges | 640/8 | €761 | €540 | -€221 | -29.0% |
| Gross operating margin | 9900 | €5,117 | €6,729 | +€1,612 | +31.5% |
| Operating profit (loss) | 9901 | -€136 | €1,696 | +€1,833 | |
| Financial charges | 65/66B | €4,075 | €549 | -€3,527 | -86.5% |
| Recurring financial charges | 65 | €4,075 | €549 | -€3,527 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,212 | €1,148 | +€5,359 | |
| Profit (loss) for the period | 9904 | -€4,212 | €1,148 | +€5,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,212 | €1,148 | +€5,359 |
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 10 October 2026 via checked.be.