Credox: 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.
Credox
Largest movements
- Receivables within one year +€186,526
up €186,526 (+143.7%), from €129,835 to €316,361
of which Trade receivables: +€155,928
- Cash -€180,467
down €180,467 (-74.8%), from €241,361 to €60,894
mainly Receivables within one year (-€186,526) and Trade debts (-€17,575)
- Tax, wage and social debts +€23,035
up €23,035 (+89.8%), from €25,660 to €48,695
of which Remuneration and social security: +€22,250
- Trade debts -€17,575
down €17,575 (-8.1%), from €216,453 to €198,878
- Reserves +€6,304
up €6,304 (+7.9%), from €79,477 to €85,781
- Staff costs +€83,231
up €83,231 (+74.7%), from €111,478 to €194,709
- Taxes -€21,622
down €21,622 (-88.8%), from €24,350 to €2,728
- Other operating charges +€21,480
up €21,480 (+9967.4%), from €216 to €21,695
- Gross operating margin +€19,753
up €19,753 (+9.5%), from €208,250 to €228,002
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 | €372,223 | €383,354 | +€11,131 | +3.0% |
| Fixed assets | 21/28 | €99 | €3,242 | +€3,143 | +3185.3% |
| Tangible fixed assets | 22/27 | €99 | €3,242 | +€3,143 | +3185.3% |
| Furniture and vehicles | 24 | €99 | €3,242 | +€3,143 | +3185.3% |
| Current assets | 29/58 | €372,125 | €380,112 | +€7,988 | +2.1% |
| Amounts receivable within one year | 40/41 | €129,835 | €316,361 | +€186,526 | +143.7% |
| Trade receivables | 40 | €126,875 | €282,803 | +€155,928 | +122.9% |
| Other amounts receivable | 41 | €2,960 | €33,558 | +€30,598 | +1033.7% |
| Cash at bank and in hand | 54/58 | €241,361 | €60,894 | -€180,467 | -74.8% |
| Deferred charges and accrued income | 490/1 | €929 | €2,857 | +€1,928 | +207.5% |
| Total equity and liabilities | 10/49 | €372,223 | €383,354 | +€11,131 | +3.0% |
| Equity | 10/15 | €89,477 | €95,781 | +€6,304 | +7.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,477 | €85,781 | +€6,304 | +7.9% |
| Distributable reserves | 133 | €79,477 | €85,781 | +€6,304 | +7.9% |
| Amounts payable | 17/49 | €282,746 | €287,573 | +€4,827 | +1.7% |
| Amounts payable within one year | 42/48 | €282,113 | €287,573 | +€5,460 | +1.9% |
| Trade debts | 44 | €216,453 | €198,878 | -€17,575 | -8.1% |
| Suppliers | 440/4 | €216,453 | €198,878 | -€17,575 | -8.1% |
| Taxes, remuneration and social security | 45 | €25,660 | €48,695 | +€23,035 | +89.8% |
| Taxes | 450/3 | €12,556 | €13,341 | +€785 | +6.3% |
| Remuneration and social security | 454/9 | €13,104 | €35,354 | +€22,250 | +169.8% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €633 | - | -€633 | |
| Remuneration, social security and pensions | 62 | €111,478 | €194,709 | +€83,231 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €1,071 | +€416 | +63.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,350 | +€1,350 | |
| Other operating charges | 640/8 | €216 | €21,695 | +€21,480 | +9967.4% |
| Gross operating margin | 9900 | €208,250 | €228,002 | +€19,753 | +9.5% |
| Operating profit (loss) | 9901 | €95,902 | €9,177 | -€86,724 | -90.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €121 | €146 | +€25 | +20.3% |
| Recurring financial charges | 65 | €121 | €146 | +€25 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €95,780 | €9,031 | -€86,749 | -90.6% |
| Income taxes | 67/77 | €24,350 | €2,728 | -€21,622 | -88.8% |
| Profit (loss) for the period | 9904 | €71,430 | €6,304 | -€65,126 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,430 | €6,304 | -€65,126 | -91.2% |
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 12 October 2026 via checked.be.