VANBREDA CREDINCO: 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.
VANBREDA CREDINCO
Largest movements
- Current investments -€594,953
down €594,953 (-49.7%), from €1.2m to €601,705
- Receivables within one year +€474,949
up €474,949 (+59.4%), from €799,330 to €1.3m
of which Trade receivables: +€334,229
- Reserves -€6.7m
down €6.7m (-80.2%), from €8.3m to €1.7m
of which Distributable reserves: -€6.5m
- Other debts +€5.9m
up €5.9m (+193%), from €3.1m to €9.0m
- Trade debts +€651,475
up €651,475 (+150%), from €433,639 to €1.1m
- Gross operating margin -€223,293
down €223,293 (-5.3%), from €4.2m to €4.0m
- Financial income -€124,234
down €124,234 (-47.1%), from €263,570 to €139,336
- Staff costs -€123,063
down €123,063 (-10.6%), from €1.2m to €1.0m
- Taxes -€62,306
down €62,306 (-7.4%), from €839,486 to €777,179
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 | €12,283,398 | €12,124,895 | -€158,502 | -1.3% |
| Fixed assets | 21/28 | €2,859 | €2,505 | -€354 | -12.4% |
| Tangible fixed assets | 22/27 | €2,859 | €2,505 | -€354 | -12.4% |
| Plant, machinery and equipment | 23 | €1,345 | €1,460 | +€115 | +8.5% |
| Furniture and vehicles | 24 | €1,513 | €1,045 | -€469 | -31.0% |
| Current assets | 29/58 | €12,280,539 | €12,122,391 | -€158,148 | -1.3% |
| Amounts receivable within one year | 40/41 | €799,330 | €1,274,280 | +€474,949 | +59.4% |
| Trade receivables | 40 | €643,902 | €978,131 | +€334,229 | +51.9% |
| Other amounts receivable | 41 | €155,428 | €296,149 | +€140,721 | +90.5% |
| Current investments | 50/53 | €1,196,658 | €601,705 | -€594,953 | -49.7% |
| Cash at bank and in hand | 54/58 | €10,266,918 | €10,238,077 | -€28,840 | -0.3% |
| Deferred charges and accrued income | 490/1 | €17,633 | €8,328 | -€9,304 | -52.8% |
| Total equity and liabilities | 10/49 | €12,283,398 | €12,124,895 | -€158,502 | -1.3% |
| Equity | 10/15 | €8,428,221 | €1,730,201 | -€6.7m | -79.5% |
| Contributions | 10/11 | €78,761 | €78,761 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €17,261 | €17,261 | = | 0.0% |
| Share premium | 1100/10 | €17,261 | €17,261 | = | 0.0% |
| Reserves | 13 | €8,348,650 | €1,651,150 | -€6.7m | -80.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | - | -€210,500 | |
| Distributable reserves | 133 | €8,132,000 | €1,645,000 | -€6.5m | -79.8% |
| Profit (loss) carried forward | 14 | €810 | €291 | -€520 | -64.1% |
| Amounts payable | 17/49 | €3,855,177 | €10,394,694 | +€6.5m | +170% |
| Amounts payable within one year | 42/48 | €3,825,897 | €10,354,112 | +€6.5m | +171% |
| Trade debts | 44 | €433,639 | €1,085,113 | +€651,475 | +150% |
| Suppliers | 440/4 | €433,639 | €1,085,113 | +€651,475 | +150% |
| Taxes, remuneration and social security | 45 | €320,858 | €268,998 | -€51,859 | -16.2% |
| Taxes | 450/3 | €282 | €3,174 | +€2,892 | +1,026% |
| Remuneration and social security | 454/9 | €320,576 | €265,825 | -€54,751 | -17.1% |
| Other amounts payable | 47/48 | €3,071,400 | €9,000,000 | +€5.9m | +193% |
| Accrued charges and deferred income | 492/3 | €29,280 | €40,582 | +€11,302 | +38.6% |
| Remuneration, social security and pensions | 62 | €1,161,443 | €1,038,380 | -€123,063 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €1,053 | +€468 | +79.9% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €4,199,351 | €3,976,058 | -€223,293 | -5.3% |
| Operating profit (loss) | 9901 | €3,036,237 | €2,935,506 | -€100,731 | -3.3% |
| Financial income | 75/76B | €263,570 | €139,336 | -€124,234 | -47.1% |
| Recurring financial income | 75 | €263,570 | €139,336 | -€124,234 | -47.1% |
| Financial charges | 65/66B | -€22,279 | -€4,317 | +€17,962 | +80.6% |
| Recurring financial charges | 65 | -€22,279 | -€4,317 | +€17,962 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €3,322,086 | €3,079,159 | -€242,927 | -7.3% |
| Income taxes | 67/77 | €839,486 | €777,179 | -€62,306 | -7.4% |
| Profit (loss) for the period | 9904 | €2,482,601 | €2,301,980 | -€180,620 | -7.3% |
| Transfer from tax-exempt reserves | 789 | €589,400 | €210,500 | -€378,900 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,072,001 | €2,512,480 | -€559,520 | -18.2% |
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 30 October 2026 via checked.be.