C.2.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.
What changed
C.2.C.
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€46,251
2024 · €42,753-€89,004
Equity
€2.6m
2024 · €2.7m-€56,593
Cash
€41,177
2024 · €39,342+€1,835
Balance sheet total
€5.4m
2024 · €4.7m+€612,987
Largest movements
Assets
- Tangible fixed assets +€479,982
up €479,982 (+12.8%), from €3.7m to €4.2m
of which Land and buildings: +€492,240
- Receivables within one year +€116,521
up €116,521 (+164.4%), from €70,879 to €187,401
of which Other amounts receivable: +€135,276
Equity and liabilities
- Other debts +€629,732
up €629,732 (+772.4%), from €81,529 to €711,261
- Debts after one year -€252,916
down €252,916 (-17.4%), from €1.5m to €1.2m
of which Financial debts: -€162,916
- Short-term financial debts +€200,000
new in 2025: €200,000
- Trade debts +€147,426
up €147,426 (+504.9%), from €29,200 to €176,627
Income statement
- Gross operating margin -€32,501
down €32,501 (-6.8%), from €476,258 to €443,758
- Depreciation +€31,001
up €31,001 (+11.6%), from €267,165 to €298,166
- Staff costs +€24,354
up €24,354 (+28.3%), from €85,973 to €110,328
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
€42,753
Gross operating margin
-€32,501
Staff costs
-€24,354
Depreciation
-€31,001
Other operating charges
-€2,635
Financial charges
+€1,487
Result 2025
-€46,251
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
+€877,303
Investment
-€778,148
Financing
-€97,320
Cash 2024
€39,342
From operations (derived)
+€877,303
Net result for the year
-€46,251
Depreciation
+€298,166
Receivables within one year
-€116,521
Deferred charges and accrued income
-€14,649
Trade debts
+€147,426
Tax, wage and social debts
-€3,626
Advances received
-€16,974
Other debts
+€629,732
Investment (derived)
-€778,148
Investment in fixed assets (net)
-€778,148
Financing
-€97,320
Debts after one year
-€252,916
Current portion of long-term debt
-€34,062
Short-term financial debts
+€200,000
Contributions, distributions and other
-€10,342
Cash 2025
€41,177
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,739,122 | €5,352,109 | +€612,987 | +12.9% |
| Fixed assets | 21/28 | €4,596,562 | €5,076,544 | +€479,982 | +10.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,748,497 | €4,228,479 | +€479,982 | +12.8% |
| Land and buildings | 22 | €3,698,155 | €4,190,395 | +€492,240 | +13.3% |
| Furniture and vehicles | 24 | €50,342 | €38,084 | -€12,258 | -24.3% |
| Financial fixed assets | 28 | €848,065 | €848,065 | = | 0.0% |
| Current assets | 29/58 | €142,560 | €275,565 | +€133,005 | +93.3% |
| Amounts receivable within one year | 40/41 | €70,879 | €187,401 | +€116,521 | +164.4% |
| Trade receivables | 40 | €18,755 | - | -€18,755 | |
| Other amounts receivable | 41 | €52,124 | €187,401 | +€135,276 | +259.5% |
| Cash at bank and in hand | 54/58 | €39,342 | €41,177 | +€1,835 | +4.7% |
| Deferred charges and accrued income | 490/1 | €32,339 | €46,987 | +€14,649 | +45.3% |
| Total equity and liabilities | 10/49 | €4,739,122 | €5,352,109 | +€612,987 | +12.9% |
| Equity | 10/15 | €2,704,605 | €2,648,013 | -€56,593 | -2.1% |
| Contributions | 10/11 | €2,986,500 | €2,986,500 | = | 0.0% |
| Capital | 10 | €2,986,500 | €2,986,500 | = | 0.0% |
| Issued capital | 100 | €2,986,500 | €2,986,500 | = | 0.0% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110,000 | €110,000 | = | 0.0% |
| Legal reserve | 130 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€479,778 | -€526,029 | -€46,251 | -9.6% |
| Investment grants | 15 | €87,883 | €77,541 | -€10,342 | -11.8% |
| Provisions and deferred taxes | 16 | €2,634 | €2,634 | = | 0.0% |
| Deferred taxes | 168 | €2,634 | €2,634 | = | 0.0% |
| Amounts payable | 17/49 | €2,031,882 | €2,701,462 | +€669,580 | +33.0% |
| Amounts payable after more than one year | 17 | €1,452,916 | €1,200,000 | -€252,916 | -17.4% |
| Financial debts | 170/4 | €392,916 | €230,000 | -€162,916 | -41.5% |
| Other amounts payable | 178/9 | €1,060,000 | €970,000 | -€90,000 | -8.5% |
| Amounts payable within one year | 42/48 | €342,486 | €1,264,982 | +€922,496 | +269.4% |
| Current portion of amounts payable after more than one year | 42 | €196,978 | €162,916 | -€34,062 | -17.3% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €29,200 | €176,627 | +€147,426 | +504.9% |
| Suppliers | 440/4 | €29,200 | €176,627 | +€147,426 | +504.9% |
| Advances received on contracts in progress | 46 | €16,974 | - | -€16,974 | |
| Taxes, remuneration and social security | 45 | €17,804 | €14,178 | -€3,626 | -20.4% |
| Taxes | 450/3 | €1,408 | - | -€1,408 | |
| Remuneration and social security | 454/9 | €16,396 | €14,178 | -€2,218 | -13.5% |
| Other amounts payable | 47/48 | €81,529 | €711,261 | +€629,732 | +772.4% |
| Accrued charges and deferred income | 492/3 | €236,480 | €236,480 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €85,973 | €110,328 | +€24,354 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,165 | €298,166 | +€31,001 | +11.6% |
| Other operating charges | 640/8 | €83,957 | €86,592 | +€2,635 | +3.1% |
| Gross operating margin | 9900 | €476,258 | €443,758 | -€32,501 | -6.8% |
| Operating profit (loss) | 9901 | €39,163 | -€51,328 | -€90,491 | |
| Financial income | 75/76B | €10,342 | €10,342 | = | 0.0% |
| Recurring financial income | 75 | €10,342 | €10,342 | = | 0.0% |
| Financial charges | 65/66B | €6,752 | €5,265 | -€1,487 | -22.0% |
| Recurring financial charges | 65 | €6,752 | €5,265 | -€1,487 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €42,753 | -€46,251 | -€89,004 | |
| Profit (loss) for the period | 9904 | €42,753 | -€46,251 | -€89,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,753 | -€46,251 | -€89,004 |
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 7 October 2026 via checked.be.