CreDeCon: 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.
CreDeCon
Largest movements
- Receivables within one year +€25,191
up €25,191 (+855.4%), from €2,945 to €28,136
of which Trade receivables: +€24,357
- Cash -€4,735
down €4,735 (-24.4%), from €19,402 to €14,667
mainly Receivables within one year (-€25,191) and Trade debts (-€18,704)
- Other debts +€36,218
up €36,218 (+184.8%), from €19,599 to €55,817
- Trade debts -€18,704
no longer reported in 2023 (was €18,704)
- Profit (loss) carried forward +€3,049
up €3,049 (+12.5%), from -€24,486 to -€21,437
- Gross operating margin +€9,594
up €9,594, from -€4,317 to €5,277
- Other operating charges -€186
down €186 (-17.9%), from €1,038 to €852
- Financial charges -€122
down €122 (-10.0%), from €1,224 to €1,102
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,015 | €48,156 | +€20,141 | +71.9% |
| Fixed assets | 21/28 | €5,668 | €5,353 | -€315 | -5.6% |
| Tangible fixed assets | 22/27 | €5,558 | €5,243 | -€315 | -5.7% |
| Plant, machinery and equipment | 23 | €5,558 | €5,243 | -€315 | -5.7% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €22,347 | €42,803 | +€20,456 | +91.5% |
| Amounts receivable within one year | 40/41 | €2,945 | €28,136 | +€25,191 | +855.4% |
| Trade receivables | 40 | €998 | €25,355 | +€24,357 | +2440.6% |
| Other amounts receivable | 41 | €1,947 | €2,781 | +€834 | +42.8% |
| Cash at bank and in hand | 54/58 | €19,402 | €14,667 | -€4,735 | -24.4% |
| Total equity and liabilities | 10/49 | €28,015 | €48,156 | +€20,141 | +71.9% |
| Equity | 10/15 | -€22,486 | -€19,437 | +€3,049 | +13.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,486 | -€21,437 | +€3,049 | +12.5% |
| Amounts payable | 17/49 | €50,501 | €67,593 | +€17,092 | +33.8% |
| Amounts payable after more than one year | 17 | €8,864 | €8,864 | = | 0.0% |
| Financial debts | 170/4 | €8,864 | €8,864 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,637 | €58,729 | +€17,092 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €2,911 | €2,912 | +€1 | 0.0% |
| Trade debts | 44 | €18,704 | - | -€18,704 | |
| Suppliers | 440/4 | €18,704 | - | -€18,704 | |
| Taxes, remuneration and social security | 45 | €423 | - | -€423 | |
| Taxes | 450/3 | €423 | - | -€423 | |
| Other amounts payable | 47/48 | €19,599 | €55,817 | +€36,218 | +184.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €315 | = | 0.0% |
| Other operating charges | 640/8 | €1,038 | €852 | -€186 | -17.9% |
| Gross operating margin | 9900 | -€4,317 | €5,277 | +€9,594 | |
| Operating profit (loss) | 9901 | -€5,670 | €4,110 | +€9,780 | |
| Financial charges | 65/66B | €1,224 | €1,102 | -€122 | -10.0% |
| Recurring financial charges | 65 | €1,224 | €1,102 | -€122 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,894 | €3,008 | +€9,902 | |
| Income taxes | 67/77 | -€43 | -€41 | +€2 | +4.7% |
| Profit (loss) for the period | 9904 | -€6,851 | €3,049 | +€9,900 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,851 | €3,049 | +€9,900 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.