Credence Management: 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.
Credence Management
Largest movements
- Receivables within one year +€34,947
new in 2025: €34,947
of which Trade receivables: +€19,489
- Tangible fixed assets -€20,058
down €20,058 (-20.1%), from €99,863 to €79,805
of which Furniture and vehicles: -€17,736
- Cash -€9,129
down €9,129 (-20.6%), from €44,348 to €35,219
mainly Receivables within one year (-€34,947) and Debts after one year (-€19,018)
- Profit (loss) carried forward +€23,448
up €23,448 (+74.8%), from €31,340 to €54,788
- Debts after one year -€19,018
down €19,018 (-28.7%), from €66,231 to €47,213
- Trade debts +€2,299
up €2,299 (+82.3%), from €2,794 to €5,093
- Other debts -€2,018
down €2,018 (-100%), from €2,018 to €0
- Depreciation +€6,349
up €6,349 (+46.3%), from €13,708 to €20,058
- Gross operating margin -€3,857
down €3,857 (-6.5%), from €59,388 to €55,531
- Other operating charges +€696
up €696 (+182%), from €383 to €1,079
- Taxes -€618
down €618 (-6.7%), from €9,212 to €8,594
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.
Derived cash bridge
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 | €144,211 | €149,996 | +€5,785 | +4.0% |
| Fixed assets | 21/28 | €99,863 | €79,805 | -€20,058 | -20.1% |
| Tangible fixed assets | 22/27 | €99,863 | €79,805 | -€20,058 | -20.1% |
| Plant, machinery and equipment | 23 | €5,605 | €4,300 | -€1,306 | -23.3% |
| Furniture and vehicles | 24 | €85,679 | €67,943 | -€17,736 | -20.7% |
| Other tangible fixed assets | 26 | €8,579 | €7,563 | -€1,016 | -11.8% |
| Current assets | 29/58 | €44,348 | €70,191 | +€25,843 | +58.3% |
| Amounts receivable within one year | 40/41 | - | €34,947 | +€34,947 | |
| Trade receivables | 40 | - | €19,489 | +€19,489 | |
| Other amounts receivable | 41 | - | €15,458 | +€15,458 | |
| Cash at bank and in hand | 54/58 | €44,348 | €35,219 | -€9,129 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €25 | +€25 | |
| Total equity and liabilities | 10/49 | €144,211 | €149,996 | +€5,785 | +4.0% |
| Equity | 10/15 | €34,340 | €57,788 | +€23,448 | +68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,340 | €54,788 | +€23,448 | +74.8% |
| Amounts payable | 17/49 | €109,871 | €92,209 | -€17,662 | -16.1% |
| Amounts payable after more than one year | 17 | €66,231 | €47,213 | -€19,018 | -28.7% |
| Financial debts | 170/4 | €66,231 | €47,213 | -€19,018 | -28.7% |
| Amounts payable within one year | 42/48 | €43,640 | €44,996 | +€1,355 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €18,326 | €19,018 | +€692 | +3.8% |
| Trade debts | 44 | €2,794 | €5,093 | +€2,299 | +82.3% |
| Suppliers | 440/4 | €2,794 | €5,093 | +€2,299 | +82.3% |
| Taxes, remuneration and social security | 45 | €20,502 | €20,885 | +€383 | +1.9% |
| Taxes | 450/3 | €17,214 | €18,092 | +€878 | +5.1% |
| Remuneration and social security | 454/9 | €3,289 | €2,793 | -€496 | -15.1% |
| Other amounts payable | 47/48 | €2,018 | €0 | -€2,018 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,708 | €20,058 | +€6,349 | +46.3% |
| Other operating charges | 640/8 | €383 | €1,079 | +€696 | +182% |
| Gross operating margin | 9900 | €59,388 | €55,531 | -€3,857 | -6.5% |
| Operating profit (loss) | 9901 | €45,297 | €34,394 | -€10,903 | -24.1% |
| Financial income | 75/76B | €16 | €598 | +€582 | +3,531% |
| Recurring financial income | 75 | €16 | €598 | +€582 | +3,531% |
| Financial charges | 65/66B | €2,361 | €2,951 | +€590 | +25.0% |
| Recurring financial charges | 65 | €2,361 | €2,951 | +€590 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €42,953 | €32,042 | -€10,911 | -25.4% |
| Income taxes | 67/77 | €9,212 | €8,594 | -€618 | -6.7% |
| Profit (loss) for the period | 9904 | €33,741 | €23,448 | -€10,293 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,741 | €23,448 | -€10,293 | -30.5% |
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 15 October 2026 via checked.be.