C-advise: 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.
C-advise
Largest movements
- Cash -€39,674
down €39,674 (-75.9%), from €52,244 to €12,569
mainly Net result for the year (-€17,184) and Other debts (-€16,796)
- Receivables within one year +€4,484
up €4,484 (+97.7%), from €4,590 to €9,074
of which Other amounts receivable: +€7,509
- Profit (loss) carried forward -€17,184
new in 2025: -€17,184
- Other debts -€16,796
down €16,796 (-52.4%), from €32,043 to €15,247
- Tax, wage and social debts -€2,004
down €2,004 (-100%), from €2,004 to €0
- Short-term financial debts +€1,381
up €1,381 (+52.6%), from €2,625 to €4,006
- Gross operating margin -€33,633
down €33,633, from €19,465 to -€14,168
- Taxes -€7,004
down €7,004 (-100%), from €7,004 to €0
- Financial charges -€1,330
down €1,330 (-47.3%), from €2,815 to €1,485
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 | €108,693 | €73,699 | -€34,994 | -32.2% |
| Fixed assets | 21/28 | €1,859 | €2,056 | +€197 | +10.6% |
| Tangible fixed assets | 22/27 | €1,859 | €2,056 | +€197 | +10.6% |
| Plant, machinery and equipment | 23 | €1,859 | €816 | -€1,043 | -56.1% |
| Furniture and vehicles | 24 | €0 | €1,240 | +€1,240 | |
| Current assets | 29/58 | €106,834 | €71,643 | -€35,191 | -32.9% |
| Amounts receivable within one year | 40/41 | €4,590 | €9,074 | +€4,484 | +97.7% |
| Trade receivables | 40 | €3,630 | €605 | -€3,025 | -83.3% |
| Other amounts receivable | 41 | €960 | €8,469 | +€7,509 | +782% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,244 | €12,569 | -€39,674 | -75.9% |
| Total equity and liabilities | 10/49 | €108,693 | €73,699 | -€34,994 | -32.2% |
| Equity | 10/15 | €71,543 | €54,358 | -€17,184 | -24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,343 | €65,343 | = | 0.0% |
| Distributable reserves | 133 | €65,343 | €65,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,184 | -€17,184 | |
| Amounts payable | 17/49 | €37,150 | €19,341 | -€17,809 | -47.9% |
| Amounts payable within one year | 42/48 | €36,763 | €19,341 | -€17,422 | -47.4% |
| Financial debts | 43 | €2,625 | €4,006 | +€1,381 | +52.6% |
| Credit institutions | 430/8 | €2,625 | €4,006 | +€1,381 | +52.6% |
| Trade debts | 44 | €91 | €88 | -€2 | -2.2% |
| Suppliers | 440/4 | €91 | €88 | -€2 | -2.2% |
| Taxes, remuneration and social security | 45 | €2,004 | €0 | -€2,004 | -100% |
| Taxes | 450/3 | €2,004 | €0 | -€2,004 | -100% |
| Other amounts payable | 47/48 | €32,043 | €15,247 | -€16,796 | -52.4% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €1,269 | €387 | -€881 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €1,116 | -€86 | -7.1% |
| Other operating charges | 640/8 | €736 | €813 | +€78 | +10.6% |
| Non-recurring operating charges | 66A | €226 | €0 | -€226 | -100% |
| Gross operating margin | 9900 | €19,465 | -€14,168 | -€33,633 | |
| Operating profit (loss) | 9901 | €17,301 | -€16,098 | -€33,398 | |
| Financial income | 75/76B | €540 | €398 | -€142 | -26.3% |
| Recurring financial income | 75 | €540 | €398 | -€142 | -26.3% |
| Financial charges | 65/66B | €2,815 | €1,485 | -€1,330 | -47.3% |
| Recurring financial charges | 65 | €2,815 | €1,485 | -€1,330 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €15,025 | -€17,184 | -€32,210 | |
| Income taxes | 67/77 | €7,004 | €0 | -€7,004 | -100% |
| Profit (loss) for the period | 9904 | €8,021 | -€17,184 | -€25,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,021 | -€17,184 | -€25,205 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.