C²: 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.
C²
Largest movements
- Receivables within one year +€3,386
up €3,386 (+5.7%), from €59,131 to €62,517
of which Trade receivables: +€2,094
- Tangible fixed assets +€3,097
new in 2025: €3,097
- Cash +€2,460
up €2,460 (+94.8%), from €2,596 to €5,056
mainly Net result for the year (+€19,569) and Accrued charges and deferred income (+€5,470)
- Reserves +€19,569
up €19,569 (+90.2%), from €21,694 to €41,263
- Tax, wage and social debts -€11,729
down €11,729 (-75.6%), from €15,524 to €3,795
- Accrued charges and deferred income +€5,470
up €5,470 (+68.3%), from €8,008 to €13,478
- Other debts -€3,706
no longer reported in 2025 (was €3,706)
- Gross operating margin -€2,536
down €2,536 (-8.3%), from €30,717 to €28,181
- Taxes -€779
down €779 (-9.5%), from €8,228 to €7,449
- Depreciation +€503
new in 2025: €503
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 | €61,805 | €70,732 | +€8,927 | +14.4% |
| Fixed assets | 21/28 | - | €3,097 | +€3,097 | |
| Tangible fixed assets | 22/27 | - | €3,097 | +€3,097 | |
| Furniture and vehicles | 24 | - | €3,097 | +€3,097 | |
| Current assets | 29/58 | €61,805 | €67,635 | +€5,830 | +9.4% |
| Amounts receivable within one year | 40/41 | €59,131 | €62,517 | +€3,386 | +5.7% |
| Trade receivables | 40 | €59,131 | €61,225 | +€2,094 | +3.5% |
| Other amounts receivable | 41 | - | €1,292 | +€1,292 | |
| Cash at bank and in hand | 54/58 | €2,596 | €5,056 | +€2,460 | +94.8% |
| Deferred charges and accrued income | 490/1 | €78 | €62 | -€16 | -20.5% |
| Total equity and liabilities | 10/49 | €61,805 | €70,732 | +€8,927 | +14.4% |
| Equity | 10/15 | €26,194 | €45,763 | +€19,569 | +74.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €21,694 | €41,263 | +€19,569 | +90.2% |
| Distributable reserves | 133 | €21,694 | €41,263 | +€19,569 | +90.2% |
| Amounts payable | 17/49 | €35,611 | €24,969 | -€10,642 | -29.9% |
| Amounts payable within one year | 42/48 | €27,603 | €11,491 | -€16,112 | -58.4% |
| Trade debts | 44 | €8,373 | €7,696 | -€677 | -8.1% |
| Suppliers | 440/4 | €8,373 | €7,696 | -€677 | -8.1% |
| Taxes, remuneration and social security | 45 | €15,524 | €3,795 | -€11,729 | -75.6% |
| Taxes | 450/3 | €15,524 | €3,795 | -€11,729 | -75.6% |
| Other amounts payable | 47/48 | €3,706 | - | -€3,706 | |
| Accrued charges and deferred income | 492/3 | €8,008 | €13,478 | +€5,470 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €503 | +€503 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €30,717 | €28,181 | -€2,536 | -8.3% |
| Operating profit (loss) | 9901 | €30,333 | €27,291 | -€3,042 | -10.0% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €411 | €379 | -€32 | -7.8% |
| Recurring financial charges | 65 | €411 | €379 | -€32 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €29,922 | €27,018 | -€2,904 | -9.7% |
| Income taxes | 67/77 | €8,228 | €7,449 | -€779 | -9.5% |
| Profit (loss) for the period | 9904 | €21,694 | €19,569 | -€2,125 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,694 | €19,569 | -€2,125 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.