C & B: 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 & B
Largest movements
- Cash +€81,220
up €81,220 (+3067.5%), from €2,648 to €83,868
mainly Net result for the year (+€80,556) and Depreciation (+€33,875)
- Receivables within one year +€29,235
up €29,235 (+69.3%), from €42,176 to €71,411
of which Trade receivables: +€18,517
- Tangible fixed assets -€27,127
down €27,127 (-23.7%), from €114,276 to €87,149
of which Furniture and vehicles: -€29,639
- Reserves +€80,556
up €80,556 (+112.9%), from €71,368 to €151,923
of which Distributable reserves: +€80,556
- Debts after one year -€26,427
down €26,427 (-44.4%), from €59,477 to €33,050
- Tax, wage and social debts +€16,195
up €16,195 (+232.0%), from €6,981 to €23,176
- Short-term financial debts +€14,185
up €14,185 (+419.0%), from €3,385 to €17,570
- Trade debts -€2,978
down €2,978 (-51.9%), from €5,740 to €2,762
- Gross operating margin +€89,409
up €89,409 (+117.1%), from €76,384 to €165,793
- Taxes +€31,153
up €31,153 (+242.5%), from €12,847 to €44,001
- Write-downs -€5,507
down €5,507 (-57.1%), from €9,651 to €4,144
- Depreciation +€1,662
up €1,662 (+5.2%), from €32,213 to €33,875
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 | €185,932 | €268,139 | +€82,207 | +44.2% |
| Fixed assets | 21/28 | €116,976 | €89,849 | -€27,127 | -23.2% |
| Tangible fixed assets | 22/27 | €114,276 | €87,149 | -€27,127 | -23.7% |
| Furniture and vehicles | 24 | €87,627 | €57,988 | -€29,639 | -33.8% |
| Other tangible fixed assets | 26 | €26,649 | €29,160 | +€2,511 | +9.4% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €68,956 | €178,290 | +€109,335 | +158.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,176 | €71,411 | +€29,235 | +69.3% |
| Trade receivables | 40 | €21,124 | €39,641 | +€18,517 | +87.7% |
| Other amounts receivable | 41 | €21,052 | €31,770 | +€10,718 | +50.9% |
| Cash at bank and in hand | 54/58 | €2,648 | €83,868 | +€81,220 | +3067.5% |
| Deferred charges and accrued income | 490/1 | €4,132 | €3,011 | -€1,121 | -27.1% |
| Total equity and liabilities | 10/49 | €185,932 | €268,139 | +€82,207 | +44.2% |
| Equity | 10/15 | €84,573 | €165,129 | +€80,556 | +95.2% |
| Contributions | 10/11 | €13,205 | €13,205 | = | 0.0% |
| Reserves | 13 | €71,368 | €151,923 | +€80,556 | +112.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,508 | €150,063 | +€80,556 | +115.9% |
| Amounts payable | 17/49 | €101,359 | €103,010 | +€1,652 | +1.6% |
| Amounts payable after more than one year | 17 | €59,477 | €33,050 | -€26,427 | -44.4% |
| Financial debts | 170/4 | €59,477 | €33,050 | -€26,427 | -44.4% |
| Amounts payable within one year | 42/48 | €41,882 | €69,935 | +€28,053 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €25,775 | €26,427 | +€652 | +2.5% |
| Financial debts | 43 | €3,385 | €17,570 | +€14,185 | +419.0% |
| Credit institutions | 430/8 | €3,385 | €17,570 | +€14,185 | +419.0% |
| Trade debts | 44 | €5,740 | €2,762 | -€2,978 | -51.9% |
| Suppliers | 440/4 | €5,740 | €2,762 | -€2,978 | -51.9% |
| Taxes, remuneration and social security | 45 | €6,981 | €23,176 | +€16,195 | +232.0% |
| Taxes | 450/3 | €6,981 | €23,176 | +€16,195 | +232.0% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,213 | €33,875 | +€1,662 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,651 | €4,144 | -€5,507 | -57.1% |
| Other operating charges | 640/8 | €1,895 | €1,196 | -€699 | -36.9% |
| Gross operating margin | 9900 | €76,384 | €165,793 | +€89,409 | +117.1% |
| Operating profit (loss) | 9901 | €32,626 | €126,579 | +€93,953 | +288.0% |
| Financial income | 75/76B | €870 | €602 | -€269 | -30.9% |
| Recurring financial income | 75 | €870 | €602 | -€269 | -30.9% |
| Financial charges | 65/66B | €3,292 | €2,624 | -€668 | -20.3% |
| Recurring financial charges | 65 | €3,292 | €2,624 | -€668 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €30,204 | €124,556 | +€94,352 | +312.4% |
| Income taxes | 67/77 | €12,847 | €44,001 | +€31,153 | +242.5% |
| Profit (loss) for the period | 9904 | €17,357 | €80,556 | +€63,198 | +364.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,357 | €80,556 | +€63,198 | +364.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.