KREDIK: what changed
Two fiscal 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.
KREDIK
Largest movements
- Receivables within one year -€1,912
down €1,912 (-99.1%), from €1,928 to €17
of which Other amounts receivable: -€1,626
- Cash -€1,024
down €1,024 (-41.2%), from €2,484 to €1,460
mainly Other debts (-€4,817) and Investment in fixed assets (net) (-€4,687)
- Stocks and contracts +€906
up €906 (+28.0%), from €3,239 to €4,145
- Tax, wage and social debts +€5,837
up €5,837 (+51.3%), from €11,372 to €17,209
of which Remuneration and social security: +€4,550
- Other debts -€4,817
down €4,817 (-27.9%), from €17,288 to €12,471
- Accrued charges and deferred income -€1,094
down €1,094 (-80.4%), from €1,361 to €266
- Trade debts -€990
down €990 (-36.5%), from €2,710 to €1,719
- Profit (loss) carried forward -€782
down €782 (-2.7%), from -€29,163 to -€29,944
- Gross operating margin +€32,965
up €32,965 (+53.6%), from €61,548 to €94,513
- Staff costs +€29,056
up €29,056 (+48.5%), from €59,969 to €89,025
- Depreciation +€969
up €969 (+27.0%), from €3,587 to €4,555
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 | €22,168 | €20,321 | -€1,848 | -8.3% |
| Fixed assets | 21/28 | €13,239 | €13,370 | +€132 | +1.0% |
| Tangible fixed assets | 22/27 | €11,739 | €11,870 | +€132 | +1.1% |
| Plant, machinery and equipment | 23 | €3,601 | €3,809 | +€208 | +5.8% |
| Other tangible fixed assets | 26 | €8,138 | €8,061 | -€76 | -0.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €8,930 | €6,950 | -€1,979 | -22.2% |
| Stocks and contracts in progress | 3 | €3,239 | €4,145 | +€906 | +28.0% |
| Stocks | 30/36 | €3,239 | €4,145 | +€906 | +28.0% |
| Amounts receivable within one year | 40/41 | €1,928 | €17 | -€1,912 | -99.1% |
| Trade receivables | 40 | €303 | €17 | -€286 | -94.5% |
| Other amounts receivable | 41 | €1,626 | €0 | -€1,626 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,484 | €1,460 | -€1,024 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,278 | €1,328 | +€50 | +3.9% |
| Total equity and liabilities | 10/49 | €22,168 | €20,321 | -€1,848 | -8.3% |
| Equity | 10/15 | -€10,563 | -€11,344 | -€782 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,163 | -€29,944 | -€782 | -2.7% |
| Amounts payable | 17/49 | €32,731 | €31,665 | -€1,066 | -3.3% |
| Amounts payable within one year | 42/48 | €31,370 | €31,399 | +€28 | +0.1% |
| Financial debts | 43 | €1 | €0 | -€1 | -100.0% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100.0% |
| Trade debts | 44 | €2,710 | €1,719 | -€990 | -36.5% |
| Suppliers | 440/4 | €2,710 | €1,719 | -€990 | -36.5% |
| Taxes, remuneration and social security | 45 | €11,372 | €17,209 | +€5,837 | +51.3% |
| Taxes | 450/3 | €4,626 | €5,913 | +€1,287 | +27.8% |
| Remuneration and social security | 454/9 | €6,746 | €11,296 | +€4,550 | +67.4% |
| Other amounts payable | 47/48 | €17,288 | €12,471 | -€4,817 | -27.9% |
| Accrued charges and deferred income | 492/3 | €1,361 | €266 | -€1,094 | -80.4% |
| Remuneration, social security and pensions | 62 | €59,969 | €89,025 | +€29,056 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,587 | €4,555 | +€969 | +27.0% |
| Other operating charges | 640/8 | €385 | €793 | +€408 | +105.9% |
| Gross operating margin | 9900 | €61,548 | €94,513 | +€32,965 | +53.6% |
| Operating profit (loss) | 9901 | -€2,393 | €140 | +€2,532 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €846 | €921 | +€76 | +8.9% |
| Recurring financial charges | 65 | €846 | €921 | +€76 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,238 | -€782 | +€2,456 | +75.9% |
| Profit (loss) for the period | 9904 | -€3,238 | -€782 | +€2,456 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,238 | -€782 | +€2,456 | +75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.