CREDITIS: 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.
CREDITIS
Largest movements
- Tangible fixed assets +€403,239
up €403,239 (+87.6%), from €460,360 to €863,599
of which Land and buildings: +€389,928
- Receivables within one year +€25,522
up €25,522 (+154.9%), from €16,473 to €41,995
of which Other amounts receivable: +€23,384
- Cash +€12,124
up €12,124 (+1978.5%), from €613 to €12,737
mainly Debts after one year (+€305,585) and Trade debts (+€160,671)
- Debts after one year +€305,585
up €305,585 (+95.1%), from €321,377 to €626,961
- Trade debts +€160,671
up €160,671 (+394.0%), from €40,776 to €201,447
- Other debts -€67,088
down €67,088 (-99.3%), from €67,558 to €470
- Profit (loss) carried forward +€27,165
up €27,165 (+3914.9%), from €694 to €27,859
- Current portion of long-term debt +€15,758
up €15,758 (+81.6%), from €19,303 to €35,061
- Gross operating margin +€33,892
up €33,892 (+78.0%), from €43,440 to €77,332
- Taxes +€5,906
up €5,906 (+386.2%), from €1,529 to €7,435
- Depreciation +€5,205
up €5,205 (+34.4%), from €15,152 to €20,358
- Financial charges +€2,062
up €2,062 (+12.8%), from €16,087 to €18,149
- Other operating charges +€1,772
up €1,772 (+101.6%), from €1,744 to €3,516
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 | €479,067 | €922,186 | +€443,119 | +92.5% |
| Fixed assets | 21/28 | €461,316 | €863,951 | +€402,634 | +87.3% |
| Intangible fixed assets | 21 | €956 | €352 | -€605 | -63.2% |
| Tangible fixed assets | 22/27 | €460,360 | €863,599 | +€403,239 | +87.6% |
| Land and buildings | 22 | €452,266 | €842,194 | +€389,928 | +86.2% |
| Plant, machinery and equipment | 23 | - | €6,144 | +€6,144 | |
| Furniture and vehicles | 24 | €3,488 | €10,810 | +€7,322 | +209.9% |
| Leasing and similar rights | 25 | €4,605 | €4,451 | -€154 | -3.3% |
| Current assets | 29/58 | €17,751 | €58,236 | +€40,484 | +228.1% |
| Amounts receivable within one year | 40/41 | €16,473 | €41,995 | +€25,522 | +154.9% |
| Trade receivables | 40 | - | €2,138 | +€2,138 | |
| Other amounts receivable | 41 | €16,473 | €39,857 | +€23,384 | +142.0% |
| Cash at bank and in hand | 54/58 | €613 | €12,737 | +€12,124 | +1978.5% |
| Deferred charges and accrued income | 490/1 | €666 | €3,504 | +€2,838 | +426.4% |
| Total equity and liabilities | 10/49 | €479,067 | €922,186 | +€443,119 | +92.5% |
| Equity | 10/15 | €19,294 | €46,459 | +€27,165 | +140.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694 | €27,859 | +€27,165 | +3914.9% |
| Amounts payable | 17/49 | €459,773 | €875,727 | +€415,953 | +90.5% |
| Amounts payable after more than one year | 17 | €321,377 | €626,961 | +€305,585 | +95.1% |
| Financial debts | 170/4 | €321,377 | €626,961 | +€305,585 | +95.1% |
| Amounts payable within one year | 42/48 | €130,483 | €245,711 | +€115,229 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | €19,303 | €35,061 | +€15,758 | +81.6% |
| Financial debts | 43 | - | €8,369 | +€8,369 | |
| Credit institutions | 430/8 | - | €8,369 | +€8,369 | |
| Trade debts | 44 | €40,776 | €201,447 | +€160,671 | +394.0% |
| Suppliers | 440/4 | €40,776 | €201,447 | +€160,671 | +394.0% |
| Taxes, remuneration and social security | 45 | €2,846 | €364 | -€2,482 | -87.2% |
| Taxes | 450/3 | €1,530 | - | -€1,530 | |
| Remuneration and social security | 454/9 | €1,316 | €364 | -€952 | -72.3% |
| Other amounts payable | 47/48 | €67,558 | €470 | -€67,088 | -99.3% |
| Accrued charges and deferred income | 492/3 | €7,914 | €3,055 | -€4,860 | -61.4% |
| Remuneration, social security and pensions | 62 | €2,736 | €972 | -€1,763 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,152 | €20,358 | +€5,205 | +34.4% |
| Other operating charges | 640/8 | €1,744 | €3,516 | +€1,772 | +101.6% |
| Gross operating margin | 9900 | €43,440 | €77,332 | +€33,892 | +78.0% |
| Operating profit (loss) | 9901 | €23,808 | €52,486 | +€28,677 | +120.5% |
| Financial income | 75/76B | €226 | €264 | +€38 | +16.6% |
| Recurring financial income | 75 | €226 | €264 | +€38 | +16.6% |
| Financial charges | 65/66B | €16,087 | €18,149 | +€2,062 | +12.8% |
| Recurring financial charges | 65 | €16,087 | €18,149 | +€2,062 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €7,948 | €34,601 | +€26,653 | +335.3% |
| Income taxes | 67/77 | €1,529 | €7,435 | +€5,906 | +386.2% |
| Profit (loss) for the period | 9904 | €6,419 | €27,165 | +€20,747 | +323.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,419 | €27,165 | +€20,747 | +323.2% |
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.