C-BAR: 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-BAR
Largest movements
- Tangible fixed assets +€102,640
up €102,640 (+2,512%), from €4,086 to €106,726
of which Furniture and vehicles: +€93,461
- Cash +€66,551
up €66,551 (+186%), from €35,719 to €102,271
mainly Debts after one year (+€71,096) and Tax, wage and social debts (+€35,086)
- Receivables within one year -€2,344
no longer reported in 2025 (was €2,344)
of which Other amounts receivable: -€1,997
- Debts after one year +€71,096
new in 2025: €71,096
- Tax, wage and social debts +€35,086
up €35,086 (+516%), from €6,801 to €41,887
of which Remuneration and social security: +€33,875
- Profit (loss) carried forward +€23,312
up €23,312 (+84.5%), from €27,578 to €50,890
- Other debts +€16,630
up €16,630 (+620%), from €2,683 to €19,313
- Current portion of long-term debt +€16,348
new in 2025: €16,348
- Depreciation +€12,436
up €12,436 (+2,025%), from €614 to €13,050
- Gross operating margin +€11,625
up €11,625 (+31.7%), from €36,723 to €48,348
- Financial charges +€3,947
up €3,947 (+242%), from €1,632 to €5,579
- Taxes -€776
down €776 (-11.4%), from €6,801 to €6,025
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 | €42,290 | €209,236 | +€166,946 | +395% |
| Fixed assets | 21/28 | €4,136 | €106,966 | +€102,830 | +2,486% |
| Tangible fixed assets | 22/27 | €4,086 | €106,726 | +€102,640 | +2,512% |
| Plant, machinery and equipment | 23 | €4,086 | €13,265 | +€9,179 | +225% |
| Furniture and vehicles | 24 | - | €93,461 | +€93,461 | |
| Financial fixed assets | 28 | €50 | €240 | +€190 | +380% |
| Current assets | 29/58 | €38,154 | €102,271 | +€64,117 | +168% |
| Amounts receivable within one year | 40/41 | €2,344 | - | -€2,344 | |
| Trade receivables | 40 | €347 | - | -€347 | |
| Other amounts receivable | 41 | €1,997 | - | -€1,997 | |
| Cash at bank and in hand | 54/58 | €35,719 | €102,271 | +€66,551 | +186% |
| Deferred charges and accrued income | 490/1 | €90 | - | -€90 | |
| Total equity and liabilities | 10/49 | €42,290 | €209,236 | +€166,946 | +395% |
| Equity | 10/15 | €32,578 | €55,890 | +€23,312 | +71.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,578 | €50,890 | +€23,312 | +84.5% |
| Amounts payable | 17/49 | €9,712 | €153,346 | +€143,635 | +1,479% |
| Amounts payable after more than one year | 17 | - | €71,096 | +€71,096 | |
| Financial debts | 170/4 | - | €71,096 | +€71,096 | |
| Amounts payable within one year | 42/48 | €9,484 | €82,250 | +€72,767 | +767% |
| Current portion of amounts payable after more than one year | 42 | - | €16,348 | +€16,348 | |
| Trade debts | 44 | €0 | €4,702 | +€4,702 | |
| Suppliers | 440/4 | €0 | €4,702 | +€4,702 | |
| Taxes, remuneration and social security | 45 | €6,801 | €41,887 | +€35,086 | +516% |
| Taxes | 450/3 | €6,801 | €8,012 | +€1,211 | +17.8% |
| Remuneration and social security | 454/9 | - | €33,875 | +€33,875 | |
| Other amounts payable | 47/48 | €2,683 | €19,313 | +€16,630 | +620% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €13,050 | +€12,436 | +2,025% |
| Other operating charges | 640/8 | €99 | €433 | +€334 | +338% |
| Gross operating margin | 9900 | €36,723 | €48,348 | +€11,625 | +31.7% |
| Operating profit (loss) | 9901 | €36,011 | €34,866 | -€1,145 | -3.2% |
| Financial income | 75/76B | €0 | €50 | +€50 | +165,567% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +165,567% |
| Financial charges | 65/66B | €1,632 | €5,579 | +€3,947 | +242% |
| Recurring financial charges | 65 | €1,632 | €5,579 | +€3,947 | +242% |
| Profit (loss) for the period before taxes | 9903 | €34,379 | €29,337 | -€5,042 | -14.7% |
| Income taxes | 67/77 | €6,801 | €6,025 | -€776 | -11.4% |
| Profit (loss) for the period | 9904 | €27,578 | €23,312 | -€4,267 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,578 | €23,312 | -€4,267 | -15.5% |
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 17 October 2026 via checked.be.