Crediblitz: 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.
Crediblitz
Largest movements
- Cash -€191,221
down €191,221 (-27.1%), from €705,699 to €514,479
mainly Net result for the year (-€128,866) and Investment in fixed assets (net) (-€90,653)
- Tangible fixed assets -€142,358
down €142,358 (-5.7%), from €2.5m to €2.4m
of which Land and buildings: -€216,109
- Debts after one year -€87,028
down €87,028 (-10.4%), from €839,725 to €752,698
- Other debts -€86,641
down €86,641 (-15.8%), from €547,158 to €460,517
- Profit (loss) carried forward -€80,723
down €80,723 (-15.2%), from -€531,029 to -€611,751
- Reserves -€48,144
down €48,144 (-7.8%), from €614,150 to €566,007
of which Tax-exempt reserves: -€48,144
- Gross operating margin -€678,087
down €678,087 (-80.7%), from €840,481 to €162,394
- Taxes -€158,233
down €158,233 (-96.6%), from €163,836 to €5,603
- Financial charges -€53,576
down €53,576 (-55.8%), from €95,995 to €42,419
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.
Cash bridge derived
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 | €3,223,646 | €2,895,914 | -€327,732 | -10.2% |
| Fixed assets | 21/28 | €2,514,382 | €2,372,024 | -€142,358 | -5.7% |
| Tangible fixed assets | 22/27 | €2,514,382 | €2,372,024 | -€142,358 | -5.7% |
| Land and buildings | 22 | €2,512,762 | €2,296,653 | -€216,109 | -8.6% |
| Plant, machinery and equipment | 23 | - | €1,874 | +€1,874 | |
| Furniture and vehicles | 24 | €1,620 | €73,497 | +€71,877 | +4436.8% |
| Current assets | 29/58 | €709,264 | €523,890 | -€185,374 | -26.1% |
| Amounts receivable within one year | 40/41 | €2,579 | €8,192 | +€5,614 | +217.7% |
| Trade receivables | 40 | €31 | €4,796 | +€4,765 | +15359.7% |
| Other amounts receivable | 41 | €2,548 | €3,397 | +€849 | +33.3% |
| Cash at bank and in hand | 54/58 | €705,699 | €514,479 | -€191,221 | -27.1% |
| Deferred charges and accrued income | 490/1 | €986 | €1,220 | +€233 | +23.7% |
| Total equity and liabilities | 10/49 | €3,223,646 | €2,895,914 | -€327,732 | -10.2% |
| Equity | 10/15 | €1,435,963 | €1,307,097 | -€128,866 | -9.0% |
| Contributions | 10/11 | €1,352,841 | €1,352,841 | = | 0.0% |
| Reserves | 13 | €614,150 | €566,007 | -€48,144 | -7.8% |
| Tax-exempt reserves | 132 | €613,914 | €565,770 | -€48,144 | -7.8% |
| Distributable reserves | 133 | €237 | €237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€531,029 | -€611,751 | -€80,723 | -15.2% |
| Provisions and deferred taxes | 16 | €282,524 | €259,541 | -€22,983 | -8.1% |
| Deferred taxes | 168 | €282,524 | €259,541 | -€22,983 | -8.1% |
| Amounts payable | 17/49 | €1,505,160 | €1,329,277 | -€175,883 | -11.7% |
| Amounts payable after more than one year | 17 | €839,725 | €752,698 | -€87,028 | -10.4% |
| Financial debts | 170/4 | €839,725 | €752,698 | -€87,028 | -10.4% |
| Amounts payable within one year | 42/48 | €652,357 | €566,112 | -€86,245 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €83,964 | €87,028 | +€3,064 | +3.6% |
| Trade debts | 44 | €4,820 | €3,455 | -€1,365 | -28.3% |
| Suppliers | 440/4 | €4,820 | €3,455 | -€1,365 | -28.3% |
| Advances received on contracts in progress | 46 | €8,698 | €7,504 | -€1,194 | -13.7% |
| Taxes, remuneration and social security | 45 | €7,717 | €7,608 | -€109 | -1.4% |
| Taxes | 450/3 | €5,743 | €5,743 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,974 | €1,865 | -€109 | -5.5% |
| Other amounts payable | 47/48 | €547,158 | €460,517 | -€86,641 | -15.8% |
| Accrued charges and deferred income | 492/3 | €13,077 | €10,467 | -€2,610 | -20.0% |
| Remuneration, social security and pensions | 62 | €15,170 | €17,538 | +€2,369 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,648 | €233,011 | +€1,363 | +0.6% |
| Other operating charges | 640/8 | €17,024 | €15,672 | -€1,352 | -7.9% |
| Non-recurring operating charges | 66A | €120,403 | €0 | -€120,403 | -100.0% |
| Gross operating margin | 9900 | €840,481 | €162,394 | -€678,087 | -80.7% |
| Operating profit (loss) | 9901 | €456,236 | -€103,827 | -€560,064 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -10.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -10.9% |
| Financial charges | 65/66B | €95,995 | €42,419 | -€53,576 | -55.8% |
| Recurring financial charges | 65 | €95,995 | €42,419 | -€53,576 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €360,242 | -€146,246 | -€506,488 | |
| Transfer from deferred taxes | 780 | €22,983 | €22,983 | = | 0.0% |
| Income taxes | 67/77 | €163,836 | €5,603 | -€158,233 | -96.6% |
| Profit (loss) for the period | 9904 | €219,389 | -€128,866 | -€348,255 | |
| Transfer from tax-exempt reserves | 789 | €48,144 | €48,144 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €267,532 | -€80,723 | -€348,255 |
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 11 October 2026 via checked.be.