CREDIASS: 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.
CREDIASS
Largest movements
- Deferred charges and accrued income +€21,052
new in 2024: €21,052
- Cash -€9,092
down €9,092 (-97.9%), from €9,284 to €193
mainly Deferred charges and accrued income (-€21,052) and Investment in fixed assets (net) (-€10,605)
- Tangible fixed assets +€7,293
up €7,293 (+32.5%), from €22,439 to €29,733
of which Other tangible fixed assets: +€8,223
- Receivables within one year -€1,859
down €1,859 (-7.4%), from €25,249 to €23,390
of which Trade receivables: -€19,053
- Profit (loss) carried forward +€15,154
up €15,154 (+45.1%), from €33,570 to €48,724
- Short-term financial debts +€5,000
new in 2024: €5,000
- Trade debts +€4,611
up €4,611 (+252.9%), from €1,824 to €6,435
- Current portion of long-term debt -€4,595
no longer reported in 2024 (was €4,595)
- Tax, wage and social debts -€2,675
down €2,675 (-20.6%), from €12,985 to €10,310
of which Taxes: -€1,706
- Gross operating margin -€11,029
down €11,029 (-16.5%), from €66,805 to €55,775
- Taxes -€4,381
down €4,381 (-39.2%), from €11,174 to €6,793
- Financial charges +€2,723
up €2,723 (+1355.9%), from €201 to €2,923
- Other operating charges -€2,214
down €2,214 (-65.7%), from €3,368 to €1,154
- Staff costs -€2,128
down €2,128 (-7.3%), from €29,298 to €27,170
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.
Cash bridge derived
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 | €56,973 | €74,468 | +€17,495 | +30.7% |
| Fixed assets | 21/28 | €22,439 | €29,833 | +€7,393 | +32.9% |
| Tangible fixed assets | 22/27 | €22,439 | €29,733 | +€7,293 | +32.5% |
| Furniture and vehicles | 24 | €8,661 | €7,732 | -€930 | -10.7% |
| Other tangible fixed assets | 26 | €13,778 | €22,001 | +€8,223 | +59.7% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €34,534 | €44,635 | +€10,101 | +29.3% |
| Amounts receivable within one year | 40/41 | €25,249 | €23,390 | -€1,859 | -7.4% |
| Trade receivables | 40 | €19,053 | - | -€19,053 | |
| Other amounts receivable | 41 | €6,196 | €23,390 | +€17,194 | +277.5% |
| Cash at bank and in hand | 54/58 | €9,284 | €193 | -€9,092 | -97.9% |
| Deferred charges and accrued income | 490/1 | - | €21,052 | +€21,052 | |
| Total equity and liabilities | 10/49 | €56,973 | €74,468 | +€17,495 | +30.7% |
| Equity | 10/15 | €37,570 | €52,724 | +€15,154 | +40.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,570 | €48,724 | +€15,154 | +45.1% |
| Amounts payable | 17/49 | €19,403 | €21,744 | +€2,341 | +12.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,403 | €21,744 | +€2,341 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €4,595 | - | -€4,595 | |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €1,824 | €6,435 | +€4,611 | +252.9% |
| Suppliers | 440/4 | €1,824 | €6,435 | +€4,611 | +252.9% |
| Taxes, remuneration and social security | 45 | €12,985 | €10,310 | -€2,675 | -20.6% |
| Taxes | 450/3 | €9,746 | €8,040 | -€1,706 | -17.5% |
| Remuneration and social security | 454/9 | €3,239 | €2,270 | -€969 | -29.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,298 | €27,170 | -€2,128 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,509 | €3,211 | +€1,702 | +112.8% |
| Other operating charges | 640/8 | €3,368 | €1,154 | -€2,214 | -65.7% |
| Gross operating margin | 9900 | €66,805 | €55,775 | -€11,029 | -16.5% |
| Operating profit (loss) | 9901 | €32,630 | €24,240 | -€8,390 | -25.7% |
| Financial income | 75/76B | €47 | €630 | +€584 | +1250.8% |
| Recurring financial income | 75 | €47 | €630 | +€584 | +1250.8% |
| Financial charges | 65/66B | €201 | €2,923 | +€2,723 | +1355.9% |
| Recurring financial charges | 65 | €201 | €2,923 | +€2,723 | +1355.9% |
| Profit (loss) for the period before taxes | 9903 | €32,476 | €21,947 | -€10,529 | -32.4% |
| Income taxes | 67/77 | €11,174 | €6,793 | -€4,381 | -39.2% |
| Profit (loss) for the period | 9904 | €21,301 | €15,154 | -€6,148 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,301 | €15,154 | -€6,148 | -28.9% |
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 9 October 2026 via checked.be.