CREDIALYS: 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.
What changed
CREDIALYS
NACE 64.922, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,702
2024 · -€73,658+€101,360
Equity
€4.0m
2024 · €3.9m+€27,702
Cash
€1.5m
2024 · €1.1m+€383,038
Balance sheet total
€51.1m
2024 · €54.6m-€3.5m
Largest movements
Assets
- Receivables after one year -€3.6m
down €3.6m (-7.2%), from €50.4m to €46.7m
Equity and liabilities
- Debts after one year -€3.4m
down €3.4m (-7.2%), from €47.7m to €44.3m
Income statement
- Turnover +€1.4m
new in 2025: €1.4m
- Purchases and services +€1.4m
new in 2025: €1.4m
- Staff costs -€143,738
down €143,738 (-39.2%), from €366,332 to €222,594
- Write-downs +€36,242
up €36,242, from -€28,242 to €8,000
- Gross operating margin -€31,931
down €31,931 (-10.6%), from €301,999 to €270,068
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.
Result 2024
-€73,658
Gross operating margin
-€31,931
Staff costs
+€143,738
Depreciation
+€27,515
Write-downs
-€36,242
Other operating charges
+€180
Other operating items
+€4,000
Financial income
-€373
Financial charges
-€5,524
Taxes
-€3
Result 2025
€27,702
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.7m
Investment
+€194,536
Financing
-€3.5m
Cash 2024
€1.1m
From operations (derived)
+€3.7m
Net result for the year
+€27,702
Depreciation
+€4,590
Receivables after one year
+€3.6m
Receivables within one year
+€68,747
Deferred charges and accrued income
+€12,639
Trade debts
+€15,532
Smaller working-capital items
-€3,165
Other debts
-€82,465
Investment (derived)
+€194,536
Investment in fixed assets (net)
+€194,536
Financing
-€3.5m
Debts after one year
-€3.4m
Current portion of long-term debt
-€32,884
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,620,216 | €51,107,274 | -€3.5m | -6.4% |
| Fixed assets | 21/28 | €231,597 | €32,472 | -€199,125 | -86.0% |
| Tangible fixed assets | 22/27 | €231,351 | €32,225 | -€199,125 | -86.1% |
| Land and buildings | 22 | €224,199 | €28,756 | -€195,442 | -87.2% |
| Furniture and vehicles | 24 | €7,152 | €3,469 | -€3,683 | -51.5% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €54,388,619 | €51,074,802 | -€3.3m | -6.1% |
| Amounts receivable after more than one year | 29 | €50,352,354 | €46,736,884 | -€3.6m | -7.2% |
| Trade receivables | 290 | €50,352,354 | €46,736,884 | -€3.6m | -7.2% |
| Amounts receivable within one year | 40/41 | €2,900,979 | €2,832,232 | -€68,747 | -2.4% |
| Trade receivables | 40 | €2,826,014 | €2,807,950 | -€18,064 | -0.6% |
| Other amounts receivable | 41 | €74,965 | €24,282 | -€50,683 | -67.6% |
| Cash at bank and in hand | 54/58 | €1,094,786 | €1,477,824 | +€383,038 | +35.0% |
| Deferred charges and accrued income | 490/1 | €40,501 | €27,862 | -€12,639 | -31.2% |
| Total equity and liabilities | 10/49 | €54,620,216 | €51,107,274 | -€3.5m | -6.4% |
| Equity | 10/15 | €3,936,408 | €3,964,110 | +€27,702 | +0.7% |
| Contributions | 10/11 | €198,234 | €198,234 | = | 0.0% |
| Capital | 10 | €198,234 | €198,234 | = | 0.0% |
| Issued capital | 100 | €256,842 | €256,842 | = | 0.0% |
| Uncalled capital | 101 | €58,609 | €58,609 | = | 0.0% |
| Reserves | 13 | €2,887,970 | €2,887,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €102,405 | €102,405 | = | 0.0% |
| Legal reserve | 130 | €102,405 | €102,405 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,131,420 | €1,131,420 | = | 0.0% |
| Distributable reserves | 133 | €1,654,145 | €1,654,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €850,204 | €877,906 | +€27,702 | +3.3% |
| Amounts payable | 17/49 | €50,683,809 | €47,143,164 | -€3.5m | -7.0% |
| Amounts payable after more than one year | 17 | €47,735,791 | €44,298,128 | -€3.4m | -7.2% |
| Financial debts | 170/4 | €47,735,791 | €44,298,128 | -€3.4m | -7.2% |
| Amounts payable within one year | 42/48 | €2,936,828 | €2,842,271 | -€94,557 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €2,628,845 | €2,595,961 | -€32,884 | -1.3% |
| Trade debts | 44 | €11,632 | €27,164 | +€15,532 | +134% |
| Suppliers | 440/4 | €11,632 | €27,164 | +€15,532 | +134% |
| Taxes, remuneration and social security | 45 | €29,634 | €34,895 | +€5,261 | +17.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €29,634 | €34,895 | +€5,261 | +17.8% |
| Other amounts payable | 47/48 | €266,717 | €184,251 | -€82,465 | -30.9% |
| Accrued charges and deferred income | 492/3 | €11,190 | €2,764 | -€8,426 | -75.3% |
| Turnover | 70 | - | €1,405,058 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,393,273 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €366,332 | €222,594 | -€143,738 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,105 | €4,590 | -€27,515 | -85.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,242 | €8,000 | +€36,242 | |
| Other operating charges | 640/8 | €9,942 | €9,762 | -€180 | -1.8% |
| Non-recurring operating charges | 66A | €4,000 | - | -€4,000 | |
| Gross operating margin | 9900 | €301,999 | €270,068 | -€31,931 | -10.6% |
| Operating profit (loss) | 9901 | -€82,137 | €25,123 | +€107,260 | |
| Financial income | 75/76B | €1,661 | €1,288 | -€373 | -22.5% |
| Recurring financial income | 75 | €1,661 | €1,288 | -€373 | -22.5% |
| Financial charges | 65/66B | -€6,853 | -€1,329 | +€5,524 | +80.6% |
| Recurring financial charges | 65 | -€6,853 | -€1,329 | +€5,524 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | -€73,623 | €27,741 | +€101,364 | |
| Income taxes | 67/77 | €35 | €38 | +€3 | +9.8% |
| Profit (loss) for the period | 9904 | -€73,658 | €27,702 | +€101,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,658 | €27,702 | +€101,360 |
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 24 October 2026 via checked.be.