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
- Receivables within one year -€18,473
down €18,473 (-30.6%), from €60,461 to €41,988
of which Trade receivables: -€15,236
- Cash -€1,809
down €1,809 (-90.9%), from €1,990 to €181
mainly Net result for the year (-€25,697) and Tax, wage and social debts (-€8,019)
- Reserves -€25,429
down €25,429 (-59.8%), from €42,499 to €17,070
of which Distributable reserves: -€25,429
- Other debts +€13,365
up €13,365 (+73.5%), from €18,174 to €31,538
- Tax, wage and social debts -€8,019
down €8,019 (-95.8%), from €8,369 to €351
- Gross operating margin -€10,753
down €10,753 (-91.0%), from -€11,812 to -€22,564
- Depreciation -€8,035
down €8,035 (-88.4%), from €9,090 to €1,055
- Other operating charges +€912
up €912 (+105.3%), from €867 to €1,779
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 | €143,610 | €122,274 | -€21,336 | -14.9% |
| Fixed assets | 21/28 | €1,055 | - | -€1,055 | |
| Tangible fixed assets | 22/27 | €1,055 | - | -€1,055 | |
| Plant, machinery and equipment | 23 | €174 | - | -€174 | |
| Furniture and vehicles | 24 | €881 | - | -€881 | |
| Current assets | 29/58 | €142,555 | €122,274 | -€20,281 | -14.2% |
| Stocks and contracts in progress | 3 | €80,104 | €80,104 | = | 0.0% |
| Stocks | 30/36 | €80,104 | €80,104 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,461 | €41,988 | -€18,473 | -30.6% |
| Trade receivables | 40 | €57,196 | €41,960 | -€15,236 | -26.6% |
| Other amounts receivable | 41 | €3,265 | €28 | -€3,237 | -99.2% |
| Cash at bank and in hand | 54/58 | €1,990 | €181 | -€1,809 | -90.9% |
| Total equity and liabilities | 10/49 | €143,610 | €122,274 | -€21,336 | -14.9% |
| Equity | 10/15 | €115,626 | €89,929 | -€25,697 | -22.2% |
| Contributions | 10/11 | €170,700 | €170,700 | = | 0.0% |
| Capital | 10 | €170,700 | €170,700 | = | 0.0% |
| Issued capital | 100 | €170,700 | €170,700 | = | 0.0% |
| Reserves | 13 | €42,499 | €17,070 | -€25,429 | -59.8% |
| Non-distributable reserves | 130/1 | €17,070 | €17,070 | = | 0.0% |
| Legal reserve | 130 | €17,070 | €17,070 | = | 0.0% |
| Distributable reserves | 133 | €25,429 | - | -€25,429 | |
| Profit (loss) carried forward | 14 | -€97,573 | -€97,841 | -€268 | -0.3% |
| Amounts payable | 17/49 | €27,984 | €32,345 | +€4,360 | +15.6% |
| Amounts payable within one year | 42/48 | €27,984 | €32,345 | +€4,360 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €1,370 | - | -€1,370 | |
| Trade debts | 44 | €72 | €456 | +€384 | +532.4% |
| Suppliers | 440/4 | €72 | €456 | +€384 | +532.4% |
| Taxes, remuneration and social security | 45 | €8,369 | €351 | -€8,019 | -95.8% |
| Taxes | 450/3 | €8,369 | €351 | -€8,019 | -95.8% |
| Other amounts payable | 47/48 | €18,174 | €31,538 | +€13,365 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,090 | €1,055 | -€8,035 | -88.4% |
| Other operating charges | 640/8 | €867 | €1,779 | +€912 | +105.3% |
| Gross operating margin | 9900 | -€11,812 | -€22,564 | -€10,753 | -91.0% |
| Operating profit (loss) | 9901 | -€21,768 | -€25,398 | -€3,630 | -16.7% |
| Financial charges | 65/66B | €129 | €119 | -€10 | -7.9% |
| Recurring financial charges | 65 | €129 | €119 | -€10 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,897 | -€25,517 | -€3,620 | -16.5% |
| Income taxes | 67/77 | €232 | €180 | -€52 | -22.5% |
| Profit (loss) for the period | 9904 | -€22,129 | -€25,697 | -€3,568 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,129 | -€25,697 | -€3,568 | -16.1% |
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.