CREDENCE & PARTNERS: 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 & PARTNERS
Largest movements
- Tangible fixed assets -€8,358
down €8,358 (-4.5%), from €184,850 to €176,491
- Debts after one year -€11,852
down €11,852 (-6.7%), from €177,352 to €165,500
- Other debts +€3,304
up €3,304 (+6.9%), from €48,090 to €51,394
- Gross operating margin -€2,396
down €2,396 (-13.8%), from €17,314 to €14,919
- Financial charges -€306
down €306 (-5.7%), from €5,327 to €5,020
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 | €185,260 | €176,689 | -€8,571 | -4.6% |
| Fixed assets | 21/28 | €184,850 | €176,491 | -€8,358 | -4.5% |
| Tangible fixed assets | 22/27 | €184,850 | €176,491 | -€8,358 | -4.5% |
| Land and buildings | 22 | €184,850 | €176,491 | -€8,358 | -4.5% |
| Current assets | 29/58 | €410 | €198 | -€212 | -51.7% |
| Cash at bank and in hand | 54/58 | €410 | €198 | -€212 | -51.7% |
| Total equity and liabilities | 10/49 | €185,260 | €176,689 | -€8,571 | -4.6% |
| Equity | 10/15 | -€53,596 | -€53,957 | -€360 | -0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,996 | -€66,357 | -€360 | -0.5% |
| Amounts payable | 17/49 | €238,856 | €230,646 | -€8,210 | -3.4% |
| Amounts payable after more than one year | 17 | €177,352 | €165,500 | -€11,852 | -6.7% |
| Financial debts | 170/4 | €177,352 | €165,500 | -€11,852 | -6.7% |
| Amounts payable within one year | 42/48 | €61,504 | €65,146 | +€3,642 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €11,514 | €11,852 | +€338 | +2.9% |
| Trade debts | 44 | €1,900 | €1,900 | = | 0.0% |
| Suppliers | 440/4 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €48,090 | €51,394 | +€3,304 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,358 | €8,358 | = | 0.0% |
| Other operating charges | 640/8 | €1,900 | €1,900 | = | 0.0% |
| Gross operating margin | 9900 | €17,314 | €14,919 | -€2,396 | -13.8% |
| Operating profit (loss) | 9901 | €7,056 | €4,660 | -€2,396 | -34.0% |
| Financial charges | 65/66B | €5,327 | €5,020 | -€306 | -5.7% |
| Recurring financial charges | 65 | €5,327 | €5,020 | -€306 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €1,729 | -€360 | -€2,090 | |
| Profit (loss) for the period | 9904 | €1,729 | -€360 | -€2,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,729 | -€360 | -€2,090 |
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 20 October 2026 via checked.be.