CREDIT CENTRE: 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.
CREDIT CENTRE
Largest movements
- Deferred charges and accrued income +€237,800
up €237,800 (+351%), from €67,798 to €305,598
- Receivables within one year -€65,916
down €65,916 (-76.2%), from €86,524 to €20,608
of which Trade receivables: -€70,790
- Intangible fixed assets -€55,000
down €55,000 (-8.1%), from €680,000 to €625,000
- Accrued charges and deferred income +€116,160
new in 2025: €116,160
- Tax, wage and social debts +€58,538
up €58,538 (+288%), from €20,303 to €78,841
of which Taxes: +€59,089
- Debts after one year -€47,139
down €47,139 (-6.1%), from €767,653 to €720,514
of which Financial debts: -€47,139
- Turnover +€650,050
up €650,050 (+59.7%), from €1.1m to €1.7m
- Purchases and services +€376,473
up €376,473 (+48.1%), from €783,078 to €1.2m
- Gross operating margin +€273,577
up €273,577 (+89.3%), from €306,520 to €580,097
- Taxes +€63,213
up €63,213 (+527%), from €12,000 to €75,213
- Staff costs +€29,389
up €29,389 (+30.2%), from €97,167 to €126,556
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,011,003 | €1,146,241 | +€135,238 | +13.4% |
| Fixed assets | 21/28 | €812,863 | €770,963 | -€41,900 | -5.2% |
| Intangible fixed assets | 21 | €680,000 | €625,000 | -€55,000 | -8.1% |
| Tangible fixed assets | 22/27 | €126,863 | €137,463 | +€10,600 | +8.4% |
| Plant, machinery and equipment | 23 | €29,570 | €59,012 | +€29,442 | +99.6% |
| Furniture and vehicles | 24 | €97,293 | €78,451 | -€18,842 | -19.4% |
| Financial fixed assets | 28 | €6,000 | €8,500 | +€2,500 | +41.7% |
| Current assets | 29/58 | €198,140 | €375,278 | +€177,138 | +89.4% |
| Amounts receivable within one year | 40/41 | €86,524 | €20,608 | -€65,916 | -76.2% |
| Trade receivables | 40 | €71,814 | €1,024 | -€70,790 | -98.6% |
| Other amounts receivable | 41 | €14,710 | €19,584 | +€4,874 | +33.1% |
| Cash at bank and in hand | 54/58 | €43,818 | €49,072 | +€5,254 | +12.0% |
| Deferred charges and accrued income | 490/1 | €67,798 | €305,598 | +€237,800 | +351% |
| Total equity and liabilities | 10/49 | €1,011,003 | €1,146,241 | +€135,238 | +13.4% |
| Equity | 10/15 | €47,956 | €48,851 | +€895 | +1.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,496 | €28,391 | +€895 | +3.3% |
| Amounts payable | 17/49 | €963,047 | €1,097,390 | +€134,343 | +13.9% |
| Amounts payable after more than one year | 17 | €767,653 | €720,514 | -€47,139 | -6.1% |
| Financial debts | 170/4 | €487,653 | €440,514 | -€47,139 | -9.7% |
| Other amounts payable | 178/9 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €195,394 | €260,716 | +€65,322 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €119,844 | €130,453 | +€10,609 | +8.9% |
| Trade debts | 44 | €43,247 | €39,422 | -€3,825 | -8.8% |
| Suppliers | 440/4 | €43,247 | €39,422 | -€3,825 | -8.8% |
| Taxes, remuneration and social security | 45 | €20,303 | €78,841 | +€58,538 | +288% |
| Taxes | 450/3 | €4,661 | €63,750 | +€59,089 | +1,268% |
| Remuneration and social security | 454/9 | €15,642 | €15,091 | -€551 | -3.5% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €116,160 | +€116,160 | |
| Turnover | 70 | €1,089,598 | €1,739,648 | +€650,050 | +59.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €783,078 | €1,159,551 | +€376,473 | +48.1% |
| Remuneration, social security and pensions | 62 | €97,167 | €126,556 | +€29,389 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,285 | €133,471 | -€3,814 | -2.8% |
| Other operating charges | 640/8 | €4,006 | €7,168 | +€3,162 | +78.9% |
| Gross operating margin | 9900 | €306,520 | €580,097 | +€273,577 | +89.3% |
| Operating profit (loss) | 9901 | €68,062 | €312,902 | +€244,840 | +360% |
| Financial charges | 65/66B | €27,285 | €24,794 | -€2,491 | -9.1% |
| Recurring financial charges | 65 | €27,285 | €24,794 | -€2,491 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €40,777 | €288,108 | +€247,331 | +607% |
| Income taxes | 67/77 | €12,000 | €75,213 | +€63,213 | +527% |
| Profit (loss) for the period | 9904 | €28,777 | €212,895 | +€184,118 | +640% |
| Profit (loss) for the period to be appropriated | 9905 | €28,777 | €212,895 | +€184,118 | +640% |
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 25 October 2026 via checked.be.