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.
What changed
CREDON
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€73,102
2024 · -€865,175+€792,073
Equity
€557,845
2024 · €630,947-€73,102
Cash
€482,077
2024 · €191,312+€290,765
Balance sheet total
€2.8m
2024 · €2.8m+€25,100
Largest movements
Assets
- Cash +€290,765
up €290,765 (+152.0%), from €191,312 to €482,077
mainly Receivables within one year (+€229,191) and Other debts (+€157,289)
- Receivables within one year -€229,191
down €229,191 (-10.1%), from €2.3m to €2.0m
of which Trade receivables: -€220,656
- Deferred charges and accrued income +€45,901
up €45,901 (+110.4%), from €41,578 to €87,480
- Intangible fixed assets -€34,479
down €34,479 (-32.7%), from €105,417 to €70,937
Equity and liabilities
- Trade debts -€352,746
down €352,746 (-41.5%), from €850,001 to €497,255
- Other debts +€157,289
up €157,289 (+74.4%), from €211,442 to €368,731
- Accrued charges and deferred income +€140,333
up €140,333 (+32.7%), from €429,383 to €569,716
- Debts after one year +€101,538
new in 2025: €101,538
- Reserves -€73,102
down €73,102 (-17.2%), from €425,947 to €352,845
Income statement
- Services and other goods -€564,687
down €564,687 (-28.4%), from €2.0m to €1.4m
- Goods and materials -€202,741
down €202,741 (-7.6%), from €2.7m to €2.5m
- Staff costs +€90,394
up €90,394 (+4.8%), from €1.9m to €2.0m
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.
Result 2024
-€865,175
Turnover
+€30,971
Other operating income
-€33,671
Goods and materials
+€202,741
Services and other goods
+€564,687
Staff costs
-€90,394
Depreciation
-€5,457
Write-downs
-€11,705
Other operating charges
+€2,198
Other operating items
+€145,234
Financial income
-€8,771
Financial charges
-€24,028
Taxes
+€20,269
Result 2025
-€73,102
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.
From operations
+€175,222
Investment
+€14,005
Financing
+€101,538
Cash 2024
€191,312
From operations (derived)
+€175,222
Net result for the year
-€73,102
Depreciation
+€68,371
Receivables within one year
+€229,191
Deferred charges and accrued income
-€45,901
Trade debts
-€352,746
Tax, wage and social debts
+€51,788
Other debts
+€157,289
Accrued charges and deferred income
+€140,333
Investment (derived)
+€14,005
Investment in fixed assets (net)
+€14,005
Financing
+€101,538
Debts after one year
+€101,538
Cash 2025
€482,077
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,760,468 | €2,785,568 | +€25,100 | +0.9% |
| Fixed assets | 21/28 | €255,606 | €173,231 | -€82,376 | -32.2% |
| Intangible fixed assets | 21 | €105,417 | €70,937 | -€34,479 | -32.7% |
| Tangible fixed assets | 22/27 | €83,313 | €60,382 | -€22,931 | -27.5% |
| Plant, machinery and equipment | 23 | €10,987 | €12,784 | +€1,796 | +16.3% |
| Furniture and vehicles | 24 | €41,284 | €17,450 | -€23,834 | -57.7% |
| Other tangible fixed assets | 26 | €31,041 | €30,148 | -€893 | -2.9% |
| Financial fixed assets | 28 | €66,877 | €41,912 | -€24,965 | -37.3% |
| Affiliated companies | 280/1 | €65,083 | €40,118 | -€24,965 | -38.4% |
| Participating interests | 280 | €40,118 | €40,118 | = | 0.0% |
| Amounts receivable | 281 | €24,965 | - | -€24,965 | |
| Other financial fixed assets | 284/8 | €1,794 | €1,794 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €2,504,861 | €2,612,337 | +€107,476 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,271,971 | €2,042,780 | -€229,191 | -10.1% |
| Trade receivables | 40 | €2,259,620 | €2,038,964 | -€220,656 | -9.8% |
| Other amounts receivable | 41 | €12,351 | €3,816 | -€8,535 | -69.1% |
| Cash at bank and in hand | 54/58 | €191,312 | €482,077 | +€290,765 | +152.0% |
| Deferred charges and accrued income | 490/1 | €41,578 | €87,480 | +€45,901 | +110.4% |
| Total equity and liabilities | 10/49 | €2,760,468 | €2,785,568 | +€25,100 | +0.9% |
| Equity | 10/15 | €630,947 | €557,845 | -€73,102 | -11.6% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €425,947 | €352,845 | -€73,102 | -17.2% |
| Distributable reserves | 133 | €425,947 | €352,845 | -€73,102 | -17.2% |
| Amounts payable | 17/49 | €2,129,521 | €2,227,723 | +€98,202 | +4.6% |
| Amounts payable after more than one year | 17 | - | €101,538 | +€101,538 | |
| Other amounts payable | 178/9 | - | €101,538 | +€101,538 | |
| Amounts payable within one year | 42/48 | €1,700,137 | €1,556,468 | -€143,669 | -8.5% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €850,001 | €497,255 | -€352,746 | -41.5% |
| Suppliers | 440/4 | €850,001 | €497,255 | -€352,746 | -41.5% |
| Taxes, remuneration and social security | 45 | €338,694 | €390,482 | +€51,788 | +15.3% |
| Taxes | 450/3 | €15,019 | €10,495 | -€4,524 | -30.1% |
| Remuneration and social security | 454/9 | €323,675 | €379,987 | +€56,312 | +17.4% |
| Other amounts payable | 47/48 | €211,442 | €368,731 | +€157,289 | +74.4% |
| Accrued charges and deferred income | 492/3 | €429,383 | €569,716 | +€140,333 | +32.7% |
| Operating income | 70/76A | €6,082,506 | €6,109,806 | +€27,300 | +0.4% |
| Turnover | 70 | €5,927,921 | €5,958,892 | +€30,971 | +0.5% |
| Other operating income | 74 | €154,585 | €120,914 | -€33,671 | -21.8% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Operating charges | 60/66A | €6,904,758 | €6,127,453 | -€777,304 | -11.3% |
| Goods for resale, raw materials and consumables | 60 | €2,677,533 | €2,474,792 | -€202,741 | -7.6% |
| Purchases | 600/8 | €2,677,533 | €2,474,792 | -€202,741 | -7.6% |
| Services and other goods | 61 | €1,985,186 | €1,420,500 | -€564,687 | -28.4% |
| Remuneration, social security and pensions | 62 | €1,872,858 | €1,963,252 | +€90,394 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,914 | €68,371 | +€5,457 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,054 | €9,650 | +€11,705 | |
| Other operating charges | 640/8 | €3,951 | €1,753 | -€2,198 | -55.6% |
| Non-recurring operating charges | 66A | €304,370 | €189,136 | -€115,234 | -37.9% |
| Operating profit (loss) | 9901 | -€822,252 | -€17,648 | +€804,604 | +97.9% |
| Financial income | 75/76B | €8,799 | €28 | -€8,771 | -99.7% |
| Recurring financial income | 75 | €8,799 | €28 | -€8,771 | -99.7% |
| Income from current assets | 751 | €950 | €9 | -€941 | -99.1% |
| Other financial income | 752/9 | €7,850 | €19 | -€7,830 | -99.8% |
| Financial charges | 65/66B | €35,957 | €59,985 | +€24,028 | +66.8% |
| Recurring financial charges | 65 | €35,957 | €59,985 | +€24,028 | +66.8% |
| Debt charges | 650 | €30,424 | €55,964 | +€25,541 | +83.9% |
| Other financial charges | 652/9 | €5,533 | €4,021 | -€1,512 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€849,409 | -€77,604 | +€771,805 | +90.9% |
| Income taxes | 67/77 | €15,766 | -€4,503 | -€20,269 | |
| Taxes | 670/3 | €15,766 | €4,610 | -€11,156 | -70.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €9,113 | +€9,113 | |
| Profit (loss) for the period | 9904 | -€865,175 | -€73,102 | +€792,073 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€865,175 | -€73,102 | +€792,073 | +91.6% |
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 28 September 2026 via checked.be.