Credeb Projects: 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.
Credeb Projects
Largest movements
- Stocks and contracts +€42,000
up €42,000 (+14.4%), from €291,200 to €333,200
- Cash -€5,264
down €5,264 (-42.5%), from €12,400 to €7,136
mainly Stocks and contracts (-€42,000) and Net result for the year (-€28,953)
- Receivables within one year +€4,440
up €4,440 (+333.1%), from €1,333 to €5,773
- Short-term financial debts +€70,000
up €70,000 (+35.0%), from €200,000 to €270,000
- Profit (loss) carried forward -€28,953
down €28,953 (-192.2%), from -€15,067 to -€44,020
- Financial charges +€13,267
up €13,267 (+4238.7%), from €313 to €13,580
- Other operating charges +€2,288
up €2,288 (+4160.0%), from €55 to €2,343
- Gross operating margin +€1,669
up €1,669 (+11.4%), from -€14,699 to -€13,030
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 | €304,933 | €346,109 | +€41,176 | +13.5% |
| Current assets | 29/58 | €304,933 | €346,109 | +€41,176 | +13.5% |
| Stocks and contracts in progress | 3 | €291,200 | €333,200 | +€42,000 | +14.4% |
| Stocks | 30/36 | €291,200 | €333,200 | +€42,000 | +14.4% |
| Amounts receivable within one year | 40/41 | €1,333 | €5,773 | +€4,440 | +333.1% |
| Other amounts receivable | 41 | €1,333 | €5,773 | +€4,440 | +333.1% |
| Cash at bank and in hand | 54/58 | €12,400 | €7,136 | -€5,264 | -42.5% |
| Total equity and liabilities | 10/49 | €304,933 | €346,109 | +€41,176 | +13.5% |
| Equity | 10/15 | -€10,067 | -€39,020 | -€28,953 | -287.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,067 | -€44,020 | -€28,953 | -192.2% |
| Amounts payable | 17/49 | €315,000 | €385,129 | +€70,129 | +22.3% |
| Amounts payable within one year | 42/48 | €315,000 | €385,129 | +€70,129 | +22.3% |
| Financial debts | 43 | €200,000 | €270,000 | +€70,000 | +35.0% |
| Credit institutions | 430/8 | €200,000 | €270,000 | +€70,000 | +35.0% |
| Trade debts | 44 | - | €129 | +€129 | |
| Suppliers | 440/4 | - | €129 | +€129 | |
| Other amounts payable | 47/48 | €115,000 | €115,000 | = | 0.0% |
| Other operating charges | 640/8 | €55 | €2,343 | +€2,288 | +4160.0% |
| Gross operating margin | 9900 | -€14,699 | -€13,030 | +€1,669 | +11.4% |
| Operating profit (loss) | 9901 | -€14,754 | -€15,373 | -€619 | -4.2% |
| Financial charges | 65/66B | €313 | €13,580 | +€13,267 | +4238.7% |
| Recurring financial charges | 65 | €313 | €13,580 | +€13,267 | +4238.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,067 | -€28,953 | -€13,886 | -92.2% |
| Profit (loss) for the period | 9904 | -€15,067 | -€28,953 | -€13,886 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,067 | -€28,953 | -€13,886 | -92.2% |
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 30 September 2026 via checked.be.