CREDECOR: 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.
CREDECOR
Largest movements
- Cash +€22,713
up €22,713 (+696%), from €3,262 to €25,976
mainly Stocks and contracts (+€18,300) and Net result for the year (+€14,576)
- Stocks and contracts -€18,300
down €18,300 (-58.3%), from €31,377 to €13,077
- Tangible fixed assets -€8,714
down €8,714 (-35.2%), from €24,758 to €16,043
of which Furniture and vehicles: -€8,714
- Reserves +€14,576
up €14,576 (+28.2%), from €51,618 to €66,193
of which Distributable reserves: +€14,576
- Debts after one year -€13,900
down €13,900 (-67.1%), from €20,725 to €6,824
of which Financial debts: -€7,900
- Current portion of long-term debt -€3,426
down €3,426 (-30.2%), from €11,326 to €7,900
- Tax, wage and social debts -€1,603
down €1,603 (-12.8%), from €12,523 to €10,920
- Gross operating margin +€34,901
up €34,901 (+7,662%), from €456 to €35,357
- Taxes +€6,334
up €6,334, from €0 to €6,334
- Depreciation -€4,627
down €4,627 (-34.7%), from €13,341 to €8,714
- Financial charges +€2,430
up €2,430 (+401%), from €606 to €3,036
- Staff costs +€864
new in 2024: €864
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,226 | €104,625 | -€3,601 | -3.3% |
| Fixed assets | 21/28 | €24,758 | €16,043 | -€8,714 | -35.2% |
| Tangible fixed assets | 22/27 | €24,758 | €16,043 | -€8,714 | -35.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €24,758 | €16,043 | -€8,714 | -35.2% |
| Current assets | 29/58 | €83,469 | €88,582 | +€5,113 | +6.1% |
| Stocks and contracts in progress | 3 | €31,377 | €13,077 | -€18,300 | -58.3% |
| Stocks | 30/36 | €31,377 | €13,077 | -€18,300 | -58.3% |
| Amounts receivable within one year | 40/41 | €48,830 | €49,529 | +€700 | +1.4% |
| Trade receivables | 40 | €36,838 | €41,266 | +€4,428 | +12.0% |
| Other amounts receivable | 41 | €11,992 | €8,264 | -€3,728 | -31.1% |
| Cash at bank and in hand | 54/58 | €3,262 | €25,976 | +€22,713 | +696% |
| Total equity and liabilities | 10/49 | €108,226 | €104,625 | -€3,601 | -3.3% |
| Equity | 10/15 | €60,918 | €75,493 | +€14,576 | +23.9% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €51,618 | €66,193 | +€14,576 | +28.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,758 | €64,333 | +€14,576 | +29.3% |
| Amounts payable | 17/49 | €47,309 | €29,132 | -€18,177 | -38.4% |
| Amounts payable after more than one year | 17 | €20,725 | €6,824 | -€13,900 | -67.1% |
| Financial debts | 170/4 | €14,725 | €6,824 | -€7,900 | -53.7% |
| Other amounts payable | 178/9 | €6,000 | €0 | -€6,000 | -100% |
| Amounts payable within one year | 42/48 | €26,584 | €22,307 | -€4,276 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €11,326 | €7,900 | -€3,426 | -30.2% |
| Trade debts | 44 | €2,735 | €3,487 | +€753 | +27.5% |
| Suppliers | 440/4 | €2,735 | €3,487 | +€753 | +27.5% |
| Taxes, remuneration and social security | 45 | €12,523 | €10,920 | -€1,603 | -12.8% |
| Taxes | 450/3 | €12,523 | €10,920 | -€1,603 | -12.8% |
| Remuneration, social security and pensions | 62 | - | €864 | +€864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,341 | €8,714 | -€4,627 | -34.7% |
| Other operating charges | 640/8 | €975 | €1,832 | +€857 | +87.9% |
| Gross operating margin | 9900 | €456 | €35,357 | +€34,901 | +7,662% |
| Operating profit (loss) | 9901 | -€13,861 | €23,946 | +€37,807 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €606 | €3,036 | +€2,430 | +401% |
| Recurring financial charges | 65 | €606 | €3,036 | +€2,430 | +401% |
| Profit (loss) for the period before taxes | 9903 | -€14,465 | €20,910 | +€35,375 | |
| Income taxes | 67/77 | €0 | €6,334 | +€6,334 | |
| Profit (loss) for the period | 9904 | -€14,465 | €14,576 | +€29,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,465 | €14,576 | +€29,041 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.