CREDIGO: what changed
Two fiscal 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.
CREDIGO
Largest movements
- Cash -€222,512
down €222,512 (-61.8%), from €360,292 to €137,780
mainly Other debts (-€184,910) and Contributions, distributions and other (-€97,595)
- Deferred charges and accrued income +€16,891
up €16,891 (+112.5%), from €15,018 to €31,909
- Other debts -€184,910
down €184,910 (-74.5%), from €248,267 to €63,357
- Tax, wage and social debts -€18,197
down €18,197 (-15.5%), from €117,215 to €99,018
of which Taxes: -€19,830
- Gross operating margin -€29,133
down €29,133 (-16.7%), from €174,432 to €145,299
- Taxes -€3,453
down €3,453 (-8.0%), from €43,215 to €39,762
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 | €378,925 | €172,613 | -€206,313 | -54.4% |
| Fixed assets | 21/28 | €3,616 | €2,924 | -€692 | -19.1% |
| Tangible fixed assets | 22/27 | €3,616 | €2,924 | -€692 | -19.1% |
| Furniture and vehicles | 24 | €3,616 | €2,924 | -€692 | -19.1% |
| Current assets | 29/58 | €375,309 | €169,689 | -€205,621 | -54.8% |
| Cash at bank and in hand | 54/58 | €360,292 | €137,780 | -€222,512 | -61.8% |
| Deferred charges and accrued income | 490/1 | €15,018 | €31,909 | +€16,891 | +112.5% |
| Total equity and liabilities | 10/49 | €378,925 | €172,613 | -€206,313 | -54.4% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €368,925 | €162,613 | -€206,313 | -55.9% |
| Amounts payable within one year | 42/48 | €368,925 | €162,613 | -€206,313 | -55.9% |
| Trade debts | 44 | €3,443 | €237 | -€3,206 | -93.1% |
| Suppliers | 440/4 | €3,443 | €237 | -€3,206 | -93.1% |
| Taxes, remuneration and social security | 45 | €117,215 | €99,018 | -€18,197 | -15.5% |
| Taxes | 450/3 | €117,215 | €97,385 | -€19,830 | -16.9% |
| Remuneration and social security | 454/9 | - | €1,633 | +€1,633 | |
| Other amounts payable | 47/48 | €248,267 | €63,357 | -€184,910 | -74.5% |
| Remuneration, social security and pensions | 62 | €1,771 | €2,040 | +€269 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,713 | €3,131 | +€418 | +15.4% |
| Other operating charges | 640/8 | €1,078 | €2,265 | +€1,187 | +110.1% |
| Gross operating margin | 9900 | €174,432 | €145,299 | -€29,133 | -16.7% |
| Operating profit (loss) | 9901 | €168,870 | €137,863 | -€31,007 | -18.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €789 | €507 | -€282 | -35.7% |
| Recurring financial charges | 65 | €789 | €507 | -€282 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €168,081 | €137,357 | -€30,724 | -18.3% |
| Income taxes | 67/77 | €43,215 | €39,762 | -€3,453 | -8.0% |
| Profit (loss) for the period | 9904 | €124,866 | €97,595 | -€27,271 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,866 | €97,595 | -€27,271 | -21.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.