C!: 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.
C!
Largest movements
- Tangible fixed assets -€18,829
down €18,829 (-51.8%), from €36,350 to €17,521
- Cash -€5,872
down €5,872 (-81.5%), from €7,202 to €1,330
mainly Net result for the year (-€17,225) and Current portion of long-term debt (-€8,203)
- Receivables within one year -€2,969
down €2,969 (-41.9%), from €7,080 to €4,111
of which Trade receivables: -€2,553
- Profit (loss) carried forward -€17,225
down €17,225 (-7.5%), from -€228,164 to -€245,389
- Current portion of long-term debt -€8,203
down €8,203 (-85.0%), from €9,653 to €1,450
- Debts after one year -€1,652
no longer reported in 2025 (was €1,652)
- Trade debts -€772
down €772 (-77.4%), from €997 to €225
- Gross operating margin -€14,324
down €14,324 (-86.1%), from €16,639 to €2,315
- Depreciation +€12,290
up €12,290 (+188.0%), from €6,538 to €18,828
- Other operating charges -€225
down €225 (-23.3%), from €967 to €742
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 | €50,632 | €22,962 | -€27,670 | -54.6% |
| Fixed assets | 21/28 | €36,350 | €17,521 | -€18,829 | -51.8% |
| Tangible fixed assets | 22/27 | €36,350 | €17,521 | -€18,829 | -51.8% |
| Furniture and vehicles | 24 | €36,350 | €17,521 | -€18,829 | -51.8% |
| Current assets | 29/58 | €14,282 | €5,441 | -€8,841 | -61.9% |
| Amounts receivable within one year | 40/41 | €7,080 | €4,111 | -€2,969 | -41.9% |
| Trade receivables | 40 | €2,553 | - | -€2,553 | |
| Other amounts receivable | 41 | €4,527 | €4,111 | -€416 | -9.2% |
| Cash at bank and in hand | 54/58 | €7,202 | €1,330 | -€5,872 | -81.5% |
| Total equity and liabilities | 10/49 | €50,632 | €22,962 | -€27,670 | -54.6% |
| Equity | 10/15 | €38,330 | €21,105 | -€17,225 | -44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,894 | €247,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €235,499 | €235,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,164 | -€245,389 | -€17,225 | -7.5% |
| Amounts payable | 17/49 | €12,302 | €1,857 | -€10,445 | -84.9% |
| Amounts payable after more than one year | 17 | €1,652 | - | -€1,652 | |
| Financial debts | 170/4 | €1,652 | - | -€1,652 | |
| Amounts payable within one year | 42/48 | €10,650 | €1,857 | -€8,793 | -82.6% |
| Current portion of amounts payable after more than one year | 42 | €9,653 | €1,450 | -€8,203 | -85.0% |
| Trade debts | 44 | €997 | €225 | -€772 | -77.4% |
| Suppliers | 440/4 | €997 | €225 | -€772 | -77.4% |
| Taxes, remuneration and social security | 45 | - | €182 | +€182 | |
| Taxes | 450/3 | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,538 | €18,828 | +€12,290 | +188.0% |
| Other operating charges | 640/8 | €967 | €742 | -€225 | -23.3% |
| Gross operating margin | 9900 | €16,639 | €2,315 | -€14,324 | -86.1% |
| Operating profit (loss) | 9901 | €9,134 | -€17,255 | -€26,389 | |
| Financial income | 75/76B | €109 | €114 | +€5 | +4.6% |
| Recurring financial income | 75 | €109 | €114 | +€5 | +4.6% |
| Financial charges | 65/66B | €106 | €84 | -€22 | -20.8% |
| Recurring financial charges | 65 | €106 | €84 | -€22 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €9,137 | -€17,225 | -€26,362 | |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €9,136 | -€17,225 | -€26,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,136 | -€17,225 | -€26,361 |
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.