CREDIT & CO: 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 & CO
Largest movements
- Tangible fixed assets +€213,049
up €213,049 (+715%), from €29,807 to €242,856
of which Land and buildings: +€201,551
- Cash +€10,065
up €10,065 (+51.5%), from €19,550 to €29,615
mainly Debts after one year (+€216,341) and Depreciation (+€17,935)
- Debts after one year +€216,341
up €216,341 (+594%), from €36,407 to €252,749
- Current portion of long-term debt +€7,772
up €7,772 (+65.4%), from €11,887 to €19,659
- Tax, wage and social debts +€5,185
up €5,185 (+599%), from €866 to €6,051
of which Remuneration and social security: +€5,765
- Other debts -€3,525
down €3,525 (-18.9%), from €18,607 to €15,083
- Staff costs +€13,794
new in 2025: €13,794
- Gross operating margin -€8,031
down €8,031 (-18.9%), from €42,486 to €34,455
- Taxes -€4,530
down €4,530 (-87.7%), from €5,166 to €636
- Depreciation +€850
up €850 (+5.0%), from €17,085 to €17,935
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 | €108,695 | €333,731 | +€225,036 | +207% |
| Fixed assets | 21/28 | €38,696 | €251,512 | +€212,816 | +550% |
| Intangible fixed assets | 21 | €8,889 | €8,655 | -€234 | -2.6% |
| Tangible fixed assets | 22/27 | €29,807 | €242,856 | +€213,049 | +715% |
| Land and buildings | 22 | - | €201,551 | +€201,551 | |
| Furniture and vehicles | 24 | €29,807 | €19,023 | -€10,784 | -36.2% |
| Assets under construction and advance payments | 27 | - | €22,282 | +€22,282 | |
| Current assets | 29/58 | €69,999 | €82,219 | +€12,221 | +17.5% |
| Amounts receivable within one year | 40/41 | €45,053 | €45,919 | +€866 | +1.9% |
| Trade receivables | 40 | €44,923 | €33,201 | -€11,722 | -26.1% |
| Other amounts receivable | 41 | €130 | €12,718 | +€12,588 | +9,679% |
| Cash at bank and in hand | 54/58 | €19,550 | €29,615 | +€10,065 | +51.5% |
| Deferred charges and accrued income | 490/1 | €5,396 | €6,685 | +€1,290 | +23.9% |
| Total equity and liabilities | 10/49 | €108,695 | €333,731 | +€225,036 | +207% |
| Equity | 10/15 | €40,285 | €38,664 | -€1,621 | -4.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,285 | €36,664 | -€1,621 | -4.2% |
| Distributable reserves | 133 | €38,285 | €36,664 | -€1,621 | -4.2% |
| Amounts payable | 17/49 | €68,410 | €295,067 | +€226,657 | +331% |
| Amounts payable after more than one year | 17 | €36,407 | €252,749 | +€216,341 | +594% |
| Financial debts | 170/4 | €36,407 | €252,749 | +€216,341 | +594% |
| Amounts payable within one year | 42/48 | €32,003 | €42,319 | +€10,316 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €11,887 | €19,659 | +€7,772 | +65.4% |
| Trade debts | 44 | €643 | €1,526 | +€884 | +137% |
| Suppliers | 440/4 | €643 | €1,526 | +€884 | +137% |
| Taxes, remuneration and social security | 45 | €866 | €6,051 | +€5,185 | +599% |
| Taxes | 450/3 | €866 | €286 | -€580 | -67.0% |
| Remuneration and social security | 454/9 | - | €5,765 | +€5,765 | |
| Other amounts payable | 47/48 | €18,607 | €15,083 | -€3,525 | -18.9% |
| Remuneration, social security and pensions | 62 | - | €13,794 | +€13,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,085 | €17,935 | +€850 | +5.0% |
| Other operating charges | 640/8 | €897 | €1,034 | +€137 | +15.3% |
| Gross operating margin | 9900 | €42,486 | €34,455 | -€8,031 | -18.9% |
| Operating profit (loss) | 9901 | €24,504 | €1,692 | -€22,812 | -93.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,661 | €2,678 | +€16 | +0.6% |
| Recurring financial charges | 65 | €2,661 | €2,678 | +€16 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €21,843 | -€985 | -€22,828 | |
| Income taxes | 67/77 | €5,166 | €636 | -€4,530 | -87.7% |
| Profit (loss) for the period | 9904 | €16,677 | -€1,621 | -€18,298 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,677 | -€1,621 | -€18,298 |
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 24 October 2026 via checked.be.