2C&B: 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.
2C&B
Largest movements
- Receivables within one year -€46,397
down €46,397 (-44.9%), from €103,283 to €56,886
of which Trade receivables: -€42,139
- Current investments +€19,703
up €19,703 (+16.4%), from €120,348 to €140,051
- Cash -€17,189
down €17,189 (-70.5%), from €24,386 to €7,197
mainly Contributions, distributions and other (-€30,000) and Other debts (-€20,000)
- Tangible fixed assets +€8,965
up €8,965 (+138.2%), from €6,488 to €15,453
of which Furniture and vehicles: +€9,345
- Profit (loss) carried forward -€21,063
down €21,063 (-92.3%), from €22,832 to €1,769
- Other debts -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Advances received +€4,690
up €4,690 (+107.2%), from €4,376 to €9,065
- Staff costs +€63,639
up €63,639 (+23.9%), from €265,917 to €329,556
- Gross operating margin -€26,964
down €26,964 (-7.3%), from €371,001 to €344,037
- Taxes -€22,515
down €22,515 (-75.5%), from €29,841 to €7,325
- Financial income +€10,437
up €10,437 (+207.0%), from €5,043 to €15,480
of which Non-recurring financial income: +€11,166
- Write-downs +€4,420
new in 2025: €4,420
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 | €270,650 | €236,904 | -€33,746 | -12.5% |
| Fixed assets | 21/28 | €7,698 | €15,830 | +€8,132 | +105.6% |
| Intangible fixed assets | 21 | €1,210 | €377 | -€833 | -68.9% |
| Tangible fixed assets | 22/27 | €6,488 | €15,453 | +€8,965 | +138.2% |
| Furniture and vehicles | 24 | €4,968 | €14,314 | +€9,345 | +188.1% |
| Other tangible fixed assets | 26 | €1,520 | €1,140 | -€380 | -25.0% |
| Current assets | 29/58 | €262,952 | €221,074 | -€41,878 | -15.9% |
| Amounts receivable within one year | 40/41 | €103,283 | €56,886 | -€46,397 | -44.9% |
| Trade receivables | 40 | €95,714 | €53,575 | -€42,139 | -44.0% |
| Other amounts receivable | 41 | €7,569 | €3,311 | -€4,258 | -56.3% |
| Current investments | 50/53 | €120,348 | €140,051 | +€19,703 | +16.4% |
| Cash at bank and in hand | 54/58 | €24,386 | €7,197 | -€17,189 | -70.5% |
| Deferred charges and accrued income | 490/1 | €14,935 | €16,940 | +€2,005 | +13.4% |
| Total equity and liabilities | 10/49 | €270,650 | €236,904 | -€33,746 | -12.5% |
| Equity | 10/15 | €151,315 | €130,252 | -€21,063 | -13.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €103,483 | €103,483 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,977 | €26,977 | = | 0.0% |
| Distributable reserves | 133 | €76,506 | €76,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,832 | €1,769 | -€21,063 | -92.3% |
| Amounts payable | 17/49 | €119,335 | €106,652 | -€12,683 | -10.6% |
| Amounts payable within one year | 42/48 | €119,335 | €106,652 | -€12,683 | -10.6% |
| Trade debts | 44 | €7,293 | €7,727 | +€434 | +6.0% |
| Suppliers | 440/4 | €7,293 | €7,727 | +€434 | +6.0% |
| Advances received on contracts in progress | 46 | €4,376 | €9,065 | +€4,690 | +107.2% |
| Taxes, remuneration and social security | 45 | €57,667 | €59,860 | +€2,193 | +3.8% |
| Taxes | 450/3 | €31,264 | €21,319 | -€9,944 | -31.8% |
| Remuneration and social security | 454/9 | €26,403 | €38,541 | +€12,138 | +46.0% |
| Other amounts payable | 47/48 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Remuneration, social security and pensions | 62 | €265,917 | €329,556 | +€63,639 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,194 | €5,430 | +€1,237 | +29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,420 | +€4,420 | |
| Other operating charges | 640/8 | €3,110 | €2,664 | -€446 | -14.4% |
| Gross operating margin | 9900 | €371,001 | €344,037 | -€26,964 | -7.3% |
| Operating profit (loss) | 9901 | €97,780 | €1,967 | -€95,813 | -98.0% |
| Financial income | 75/76B | €5,043 | €15,480 | +€10,437 | +207.0% |
| Recurring financial income | 75 | €2,043 | €1,314 | -€729 | -35.7% |
| Non-recurring financial income | 76B | €3,000 | €14,166 | +€11,166 | +372.2% |
| Financial charges | 65/66B | €150 | €1,186 | +€1,035 | +688.7% |
| Recurring financial charges | 65 | €150 | €154 | +€4 | +2.7% |
| Non-recurring financial charges | 66B | - | €1,031 | +€1,031 | |
| Profit (loss) for the period before taxes | 9903 | €102,673 | €16,262 | -€86,411 | -84.2% |
| Income taxes | 67/77 | €29,841 | €7,325 | -€22,515 | -75.5% |
| Profit (loss) for the period | 9904 | €72,832 | €8,937 | -€63,896 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,832 | €8,937 | -€63,896 | -87.7% |
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 29 September 2026 via checked.be.