CREDITS FLEX: 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.
CREDITS FLEX
Largest movements
- Cash -€76,265
down €76,265 (-52.0%), from €146,704 to €70,439
mainly Contributions, distributions and other (-€69,412) and Other debts (-€13,985)
- Tangible fixed assets +€3,946
up €3,946 (+86.7%), from €4,552 to €8,499
of which Other tangible fixed assets: +€2,790
- Receivables within one year -€2,144
down €2,144 (-37.2%), from €5,766 to €3,622
of which Trade receivables: -€2,144
- Profit (loss) carried forward -€47,571
down €47,571 (-53.0%), from €89,685 to €42,114
- Other debts -€13,985
down €13,985 (-40.5%), from €34,500 to €20,515
- Tax, wage and social debts -€13,398
down €13,398 (-47.0%), from €28,479 to €15,082
of which Taxes: -€13,398
- Gross operating margin -€3,953
down €3,953 (-10.8%), from €36,659 to €32,706
- Taxes +€766
up €766 (+10.4%), from €7,392 to €8,158
- Depreciation +€596
up €596 (+30.4%), from €1,958 to €2,554
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 | €157,671 | €83,154 | -€74,518 | -47.3% |
| Fixed assets | 21/28 | €4,552 | €8,499 | +€3,946 | +86.7% |
| Tangible fixed assets | 22/27 | €4,552 | €8,499 | +€3,946 | +86.7% |
| Furniture and vehicles | 24 | €77 | €1,233 | +€1,156 | +1,509% |
| Other tangible fixed assets | 26 | €4,476 | €7,266 | +€2,790 | +62.3% |
| Current assets | 29/58 | €153,119 | €74,655 | -€78,464 | -51.2% |
| Amounts receivable within one year | 40/41 | €5,766 | €3,622 | -€2,144 | -37.2% |
| Trade receivables | 40 | €5,358 | €3,214 | -€2,144 | -40.0% |
| Other amounts receivable | 41 | €408 | €408 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,704 | €70,439 | -€76,265 | -52.0% |
| Deferred charges and accrued income | 490/1 | €649 | €594 | -€56 | -8.6% |
| Total equity and liabilities | 10/49 | €157,671 | €83,154 | -€74,518 | -47.3% |
| Equity | 10/15 | €94,685 | €47,114 | -€47,571 | -50.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,685 | €42,114 | -€47,571 | -53.0% |
| Amounts payable | 17/49 | €62,986 | €36,039 | -€26,947 | -42.8% |
| Amounts payable within one year | 42/48 | €62,986 | €36,039 | -€26,947 | -42.8% |
| Trade debts | 44 | €7 | €442 | +€435 | +6,479% |
| Suppliers | 440/4 | €7 | €442 | +€435 | +6,479% |
| Taxes, remuneration and social security | 45 | €28,479 | €15,082 | -€13,398 | -47.0% |
| Taxes | 450/3 | €26,968 | €13,570 | -€13,398 | -49.7% |
| Remuneration and social security | 454/9 | €1,511 | €1,511 | = | 0.0% |
| Other amounts payable | 47/48 | €34,500 | €20,515 | -€13,985 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,958 | €2,554 | +€596 | +30.4% |
| Gross operating margin | 9900 | €36,659 | €32,706 | -€3,953 | -10.8% |
| Operating profit (loss) | 9901 | €34,702 | €30,153 | -€4,549 | -13.1% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €34,549 | €29,999 | -€4,549 | -13.2% |
| Income taxes | 67/77 | €7,392 | €8,158 | +€766 | +10.4% |
| Profit (loss) for the period | 9904 | €27,156 | €21,841 | -€5,315 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,156 | €21,841 | -€5,315 | -19.6% |
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 15 October 2026 via checked.be.