CREDILIS: 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.
CREDILIS
Largest movements
- Current investments +€124,958
up €124,958 (+83.3%), from €150,051 to €275,009
- Receivables within one year -€19,721
down €19,721 (-18.0%), from €109,824 to €90,103
of which Trade receivables: -€21,127
- Tangible fixed assets -€16,823
down €16,823 (-17.1%), from €98,260 to €81,437
of which Furniture and vehicles: -€27,640
- Reserves +€116,346
up €116,346 (+197.6%), from €58,876 to €175,222
- Debts after one year -€11,657
no longer reported in 2025 (was €11,657)
- Trade debts -€11,412
down €11,412 (-66.1%), from €17,270 to €5,858
- Current portion of long-term debt -€10,849
down €10,849 (-48.2%), from €22,506 to €11,657
- Tax, wage and social debts +€8,377
up €8,377 (+9.1%), from €91,864 to €100,241
of which Taxes: +€16,855
- Staff costs -€52,904
down €52,904 (-37.9%), from €139,524 to €86,620
- Gross operating margin +€49,362
up €49,362 (+19.8%), from €248,826 to €298,188
- Taxes +€37,610
up €37,610 (+144.3%), from €26,062 to €63,672
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 | €361,846 | €450,197 | +€88,351 | +24.4% |
| Fixed assets | 21/28 | €98,327 | €81,503 | -€16,824 | -17.1% |
| Tangible fixed assets | 22/27 | €98,260 | €81,437 | -€16,823 | -17.1% |
| Plant, machinery and equipment | 23 | €3,248 | €2,837 | -€411 | -12.6% |
| Furniture and vehicles | 24 | €89,637 | €61,997 | -€27,640 | -30.8% |
| Other tangible fixed assets | 26 | €5,375 | €16,602 | +€11,227 | +208.9% |
| Financial fixed assets | 28 | €67 | €67 | -€0 | -0.6% |
| Current assets | 29/58 | €263,519 | €368,693 | +€105,174 | +39.9% |
| Amounts receivable within one year | 40/41 | €109,824 | €90,103 | -€19,721 | -18.0% |
| Trade receivables | 40 | €77,578 | €56,451 | -€21,127 | -27.2% |
| Other amounts receivable | 41 | €32,246 | €33,652 | +€1,406 | +4.4% |
| Current investments | 50/53 | €150,051 | €275,009 | +€124,958 | +83.3% |
| Cash at bank and in hand | 54/58 | €771 | €725 | -€46 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,873 | €2,856 | -€17 | -0.6% |
| Total equity and liabilities | 10/49 | €361,846 | €450,197 | +€88,351 | +24.4% |
| Equity | 10/15 | €202,457 | €318,803 | +€116,346 | +57.5% |
| Contributions | 10/11 | €18,860 | €18,860 | = | 0.0% |
| Reserves | 13 | €58,876 | €175,222 | +€116,346 | +197.6% |
| Distributable reserves | 133 | €58,876 | €175,222 | +€116,346 | +197.6% |
| Profit (loss) carried forward | 14 | €124,721 | €124,721 | -€0 | 0.0% |
| Amounts payable | 17/49 | €159,389 | €131,394 | -€27,995 | -17.6% |
| Amounts payable after more than one year | 17 | €11,657 | - | -€11,657 | |
| Financial debts | 170/4 | €11,657 | - | -€11,657 | |
| Amounts payable within one year | 42/48 | €147,732 | €131,394 | -€16,338 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €22,506 | €11,657 | -€10,849 | -48.2% |
| Trade debts | 44 | €17,270 | €5,858 | -€11,412 | -66.1% |
| Suppliers | 440/4 | €17,270 | €5,858 | -€11,412 | -66.1% |
| Taxes, remuneration and social security | 45 | €91,864 | €100,241 | +€8,377 | +9.1% |
| Taxes | 450/3 | €70,925 | €87,780 | +€16,855 | +23.8% |
| Remuneration and social security | 454/9 | €20,939 | €12,461 | -€8,478 | -40.5% |
| Other amounts payable | 47/48 | €16,092 | €13,639 | -€2,453 | -15.2% |
| Remuneration, social security and pensions | 62 | €139,524 | €86,620 | -€52,904 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,272 | €30,036 | -€2,236 | -6.9% |
| Other operating charges | 640/8 | €4,979 | €2,926 | -€2,053 | -41.2% |
| Gross operating margin | 9900 | €248,826 | €298,188 | +€49,362 | +19.8% |
| Operating profit (loss) | 9901 | €72,051 | €178,605 | +€106,554 | +147.9% |
| Financial income | 75/76B | €4,437 | €3,075 | -€1,362 | -30.7% |
| Recurring financial income | 75 | €4,437 | €3,075 | -€1,362 | -30.7% |
| Financial charges | 65/66B | €2,805 | €1,661 | -€1,144 | -40.8% |
| Recurring financial charges | 65 | €2,805 | €1,661 | -€1,144 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €73,683 | €180,018 | +€106,335 | +144.3% |
| Income taxes | 67/77 | €26,062 | €63,672 | +€37,610 | +144.3% |
| Profit (loss) for the period | 9904 | €47,621 | €116,346 | +€68,725 | +144.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,621 | €116,346 | +€68,725 | +144.3% |
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 5 October 2026 via checked.be.