CREDEO CONSULTING: 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.
CREDEO CONSULTING
Largest movements
- Cash +€131,648
up €131,648 (+40.0%), from €328,831 to €460,479
mainly Net result for the year (+€151,509) and Tax, wage and social debts (+€16,980)
- Tangible fixed assets -€7,539
down €7,539 (-66.2%), from €11,395 to €3,855
- Reserves +€141,509
up €141,509 (+60.3%), from €234,548 to €376,057
- Other debts -€32,602
down €32,602 (-76.5%), from €42,602 to €10,000
- Tax, wage and social debts +€16,980
up €16,980 (+65.2%), from €26,036 to €43,016
of which Taxes: +€18,750
- Gross operating margin +€29,660
up €29,660 (+15.3%), from €194,127 to €223,788
- Taxes +€12,409
up €12,409 (+22.5%), from €55,089 to €67,498
- Depreciation -€10,342
down €10,342 (-57.8%), from €17,881 to €7,539
- Financial income +€2,704
up €2,704 (+88.5%), from €3,056 to €5,759
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 | €340,526 | €466,877 | +€126,351 | +37.1% |
| Fixed assets | 21/28 | €11,395 | €3,855 | -€7,539 | -66.2% |
| Tangible fixed assets | 22/27 | €11,395 | €3,855 | -€7,539 | -66.2% |
| Plant, machinery and equipment | 23 | €521 | €206 | -€315 | -60.4% |
| Furniture and vehicles | 24 | €3,536 | - | -€3,536 | |
| Other tangible fixed assets | 26 | €7,338 | €3,649 | -€3,689 | -50.3% |
| Current assets | 29/58 | €329,132 | €463,022 | +€133,890 | +40.7% |
| Amounts receivable within one year | 40/41 | €0 | €2,309 | +€2,309 | +1,154,645% |
| Other amounts receivable | 41 | €0 | €2,309 | +€2,309 | +1,154,645% |
| Cash at bank and in hand | 54/58 | €328,831 | €460,479 | +€131,648 | +40.0% |
| Deferred charges and accrued income | 490/1 | €300 | €233 | -€67 | -22.3% |
| Total equity and liabilities | 10/49 | €340,526 | €466,877 | +€126,351 | +37.1% |
| Equity | 10/15 | €271,888 | €413,397 | +€141,509 | +52.0% |
| Contributions | 10/11 | €37,340 | €37,340 | = | 0.0% |
| Reserves | 13 | €234,548 | €376,057 | +€141,509 | +60.3% |
| Distributable reserves | 133 | €234,548 | €376,057 | +€141,509 | +60.3% |
| Amounts payable | 17/49 | €68,639 | €53,481 | -€15,158 | -22.1% |
| Amounts payable within one year | 42/48 | €68,639 | €53,459 | -€15,179 | -22.1% |
| Trade debts | 44 | - | €443 | +€443 | |
| Suppliers | 440/4 | - | €443 | +€443 | |
| Taxes, remuneration and social security | 45 | €26,036 | €43,016 | +€16,980 | +65.2% |
| Taxes | 450/3 | €24,266 | €43,016 | +€18,750 | +77.3% |
| Remuneration and social security | 454/9 | €1,770 | - | -€1,770 | |
| Other amounts payable | 47/48 | €42,602 | €10,000 | -€32,602 | -76.5% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €1,600 | €1,650 | +€50 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,881 | €7,539 | -€10,342 | -57.8% |
| Other operating charges | 640/8 | €1,146 | €1,255 | +€109 | +9.5% |
| Gross operating margin | 9900 | €194,127 | €223,788 | +€29,660 | +15.3% |
| Operating profit (loss) | 9901 | €173,501 | €213,343 | +€39,843 | +23.0% |
| Financial income | 75/76B | €3,056 | €5,759 | +€2,704 | +88.5% |
| Recurring financial income | 75 | €3,056 | €5,759 | +€2,704 | +88.5% |
| Financial charges | 65/66B | €93 | €96 | +€3 | +3.2% |
| Recurring financial charges | 65 | €93 | €96 | +€3 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €176,463 | €219,007 | +€42,543 | +24.1% |
| Income taxes | 67/77 | €55,089 | €67,498 | +€12,409 | +22.5% |
| Profit (loss) for the period | 9904 | €121,374 | €151,509 | +€30,135 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,374 | €151,509 | +€30,135 | +24.8% |
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 23 October 2026 via checked.be.