C.A. MANAGEMENT: 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.A. MANAGEMENT
Largest movements
- Intangible fixed assets -€2,500
down €2,500 (-13.8%), from €18,096 to €15,596
- Tangible fixed assets -€2,321
down €2,321 (-36.3%), from €6,387 to €4,065
of which Furniture and vehicles: -€2,194
- Receivables within one year +€1,105
up €1,105 (+19.9%), from €5,554 to €6,659
of which Other amounts receivable: +€3,884
- Profit (loss) carried forward +€10,241
up €10,241, from -€10,241 to €0
- Other debts -€9,447
down €9,447 (-52.4%), from €18,044 to €8,597
- Debts after one year -€7,299
down €7,299 (-62.6%), from €11,660 to €4,361
- Reserves +€2,970
up €2,970 (+20.3%), from €14,627 to €17,597
of which Distributable reserves: +€2,970
- Tax, wage and social debts +€1,320
up €1,320 (+21.2%), from €6,221 to €7,540
- Gross operating margin +€19,511
up €19,511 (+226.3%), from €8,623 to €28,134
- Taxes +€5,092
up €5,092 (+376.5%), from €1,352 to €6,445
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,608 | €71,805 | -€3,804 | -5.0% |
| Fixed assets | 21/28 | €68,982 | €64,161 | -€4,821 | -7.0% |
| Intangible fixed assets | 21 | €18,096 | €15,596 | -€2,500 | -13.8% |
| Tangible fixed assets | 22/27 | €6,387 | €4,065 | -€2,321 | -36.3% |
| Furniture and vehicles | 24 | €6,132 | €3,938 | -€2,194 | -35.8% |
| Other tangible fixed assets | 26 | €255 | €127 | -€127 | -50.0% |
| Financial fixed assets | 28 | €44,500 | €44,500 | = | 0.0% |
| Current assets | 29/58 | €6,626 | €7,644 | +€1,018 | +15.4% |
| Amounts receivable within one year | 40/41 | €5,554 | €6,659 | +€1,105 | +19.9% |
| Trade receivables | 40 | €2,861 | €82 | -€2,778 | -97.1% |
| Other amounts receivable | 41 | €2,693 | €6,577 | +€3,884 | +144.2% |
| Deferred charges and accrued income | 490/1 | €1,072 | €985 | -€87 | -8.2% |
| Total equity and liabilities | 10/49 | €75,608 | €71,805 | -€3,804 | -5.0% |
| Equity | 10/15 | €10,586 | €23,797 | +€13,211 | +124.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,627 | €17,597 | +€2,970 | +20.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €14,627 | €17,597 | +€2,970 | +20.3% |
| Profit (loss) carried forward | 14 | -€10,241 | €0 | +€10,241 | |
| Amounts payable | 17/49 | €65,022 | €48,008 | -€17,015 | -26.2% |
| Amounts payable after more than one year | 17 | €11,660 | €4,361 | -€7,299 | -62.6% |
| Financial debts | 170/4 | €11,660 | €4,361 | -€7,299 | -62.6% |
| Amounts payable within one year | 42/48 | €52,863 | €43,123 | -€9,740 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €7,082 | €7,299 | +€217 | +3.1% |
| Financial debts | 43 | €12,465 | €11,881 | -€584 | -4.7% |
| Credit institutions | 430/8 | €12,465 | €11,881 | -€584 | -4.7% |
| Trade debts | 44 | €9,051 | €7,805 | -€1,245 | -13.8% |
| Suppliers | 440/4 | €9,051 | €7,805 | -€1,245 | -13.8% |
| Taxes, remuneration and social security | 45 | €6,221 | €7,540 | +€1,320 | +21.2% |
| Taxes | 450/3 | €6,221 | €7,540 | +€1,320 | +21.2% |
| Other amounts payable | 47/48 | €18,044 | €8,597 | -€9,447 | -52.4% |
| Accrued charges and deferred income | 492/3 | €500 | €524 | +€24 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,821 | €4,821 | = | 0.0% |
| Other operating charges | 640/8 | €1,523 | €1,305 | -€219 | -14.3% |
| Gross operating margin | 9900 | €8,623 | €28,134 | +€19,511 | +226.3% |
| Operating profit (loss) | 9901 | €2,278 | €22,007 | +€19,729 | +866.0% |
| Financial income | 75/76B | €363 | €349 | -€14 | -3.8% |
| Recurring financial income | 75 | €363 | €349 | -€14 | -3.8% |
| Financial charges | 65/66B | €2,972 | €2,700 | -€272 | -9.1% |
| Recurring financial charges | 65 | €2,972 | €2,700 | -€272 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€331 | €19,656 | +€19,987 | |
| Income taxes | 67/77 | €1,352 | €6,445 | +€5,092 | +376.5% |
| Profit (loss) for the period | 9904 | -€1,684 | €13,211 | +€14,895 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,684 | €13,211 | +€14,895 |
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 8 October 2026 via checked.be.