C-Battery: 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-Battery
Largest movements
- Cash +€2.9m
up €2.9m (+1,125%), from €258,701 to €3.2m
mainly Contributions, distributions and other (+€10.2m) and Stocks and contracts (+€2.5m)
- Stocks and contracts -€2.5m
down €2.5m (-55.7%), from €4.5m to €2.0m
of which Stocks: -€3.0m
- Formation expenses +€414,731
new in 2025: €414,731
- Receivables within one year +€359,427
up €359,427 (+43.1%), from €833,597 to €1.2m
of which Trade receivables: +€552,745
- Intangible fixed assets +€114,877
up €114,877 (+8.5%), from €1.4m to €1.5m
- Contributions +€10.2m
up €10.2m (+1,020%), from €1.0m to €11.2m
- Other debts -€2.5m
down €2.5m (-100%), from €2.5m to €0
- Advances received -€2.2m
down €2.2m (-75.5%), from €2.9m to €701,356
- Profit (loss) carried forward -€1.5m
down €1.5m (-51.7%), from -€2.9m to -€4.5m
- Trade debts -€1.5m
down €1.5m (-76.4%), from €1.9m to €452,956
- Financial charges -€288,616
down €288,616 (-52.3%), from €551,452 to €262,836
- Depreciation +€45,914
up €45,914 (+24.8%), from €185,415 to €231,329
- Write-downs +€45,020
new in 2025: €45,020
- Financial income -€11,325
down €11,325 (-100.0%), from €11,328 to €2
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 | €7,053,027 | €8,464,926 | +€1.4m | +20.0% |
| Formation expenses | 20 | - | €414,731 | +€414,731 | |
| Fixed assets | 21/28 | €1,451,089 | €1,673,145 | +€222,055 | +15.3% |
| Intangible fixed assets | 21 | €1,358,433 | €1,473,310 | +€114,877 | +8.5% |
| Tangible fixed assets | 22/27 | €92,656 | €199,835 | +€107,179 | +116% |
| Plant, machinery and equipment | 23 | €44,478 | €160,823 | +€116,345 | +262% |
| Furniture and vehicles | 24 | €8,581 | €5,566 | -€3,015 | -35.1% |
| Other tangible fixed assets | 26 | €28,197 | €20,346 | -€7,851 | -27.8% |
| Assets under construction and advance payments | 27 | €11,400 | €13,100 | +€1,700 | +14.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,601,937 | €6,377,050 | +€775,112 | +13.8% |
| Stocks and contracts in progress | 3 | €4,482,628 | €1,984,748 | -€2.5m | -55.7% |
| Stocks | 30/36 | €4,482,628 | €1,488,252 | -€3.0m | -66.8% |
| Contracts in progress | 37 | €0 | €496,496 | +€496,496 | +4,964,964,600% |
| Amounts receivable within one year | 40/41 | €833,597 | €1,193,024 | +€359,427 | +43.1% |
| Trade receivables | 40 | €480,713 | €1,033,458 | +€552,745 | +115% |
| Other amounts receivable | 41 | €352,884 | €159,566 | -€193,318 | -54.8% |
| Cash at bank and in hand | 54/58 | €258,701 | €3,169,444 | +€2.9m | +1,125% |
| Deferred charges and accrued income | 490/1 | €27,011 | €29,833 | +€2,822 | +10.4% |
| Total equity and liabilities | 10/49 | €7,053,027 | €8,464,926 | +€1.4m | +20.0% |
| Equity | 10/15 | -€1,938,314 | €6,739,543 | +€8.7m | |
| Contributions | 10/11 | €1,000,000 | €11,198,000 | +€10.2m | +1,020% |
| Profit (loss) carried forward | 14 | -€2,938,314 | -€4,458,457 | -€1.5m | -51.7% |
| Provisions and deferred taxes | 16 | €2,694 | €8,549 | +€5,854 | +217% |
| Provisions for liabilities and charges | 160/5 | €2,694 | €8,549 | +€5,854 | +217% |
| Other liabilities and charges | 164/5 | €2,694 | €8,549 | +€5,854 | +217% |
| Amounts payable | 17/49 | €8,988,646 | €1,716,834 | -€7.3m | -80.9% |
| Amounts payable within one year | 42/48 | €8,820,765 | €1,716,834 | -€7.1m | -80.5% |
| Financial debts | 43 | €1,462,322 | €500,000 | -€962,322 | -65.8% |
| Credit institutions | 430/8 | €1,462,322 | €500,000 | -€962,322 | -65.8% |
| Trade debts | 44 | €1,918,420 | €452,956 | -€1.5m | -76.4% |
| Suppliers | 440/4 | €1,918,420 | €452,956 | -€1.5m | -76.4% |
| Advances received on contracts in progress | 46 | €2,860,626 | €701,356 | -€2.2m | -75.5% |
| Taxes, remuneration and social security | 45 | €59,397 | €62,523 | +€3,126 | +5.3% |
| Taxes | 450/3 | €1,464 | €794 | -€670 | -45.8% |
| Remuneration and social security | 454/9 | €57,933 | €61,729 | +€3,796 | +6.6% |
| Other amounts payable | 47/48 | €2,520,000 | €0 | -€2.5m | -100% |
| Accrued charges and deferred income | 492/3 | €167,882 | €0 | -€167,882 | -100% |
| Remuneration, social security and pensions | 62 | €593,080 | €591,240 | -€1,841 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,415 | €231,329 | +€45,914 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,020 | +€45,020 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,694 | €5,854 | +€3,160 | +117% |
| Other operating charges | 640/8 | €6,160 | €6,671 | +€512 | +8.3% |
| Non-recurring operating charges | 66A | €247,514 | €0 | -€247,514 | -100% |
| Gross operating margin | 9900 | -€376,120 | -€376,117 | +€3 | 0.0% |
| Operating profit (loss) | 9901 | -€1,410,984 | -€1,256,232 | +€154,752 | +11.0% |
| Financial income | 75/76B | €11,328 | €2 | -€11,325 | -100.0% |
| Recurring financial income | 75 | €11,328 | €2 | -€11,325 | -100.0% |
| Financial charges | 65/66B | €551,452 | €262,836 | -€288,616 | -52.3% |
| Recurring financial charges | 65 | €551,452 | €262,836 | -€288,616 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,951,108 | -€1,519,066 | +€432,043 | +22.1% |
| Income taxes | 67/77 | €629 | €1,078 | +€449 | +71.5% |
| Profit (loss) for the period | 9904 | -€1,951,737 | -€1,520,144 | +€431,593 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,951,737 | -€1,520,144 | +€431,593 | +22.1% |
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 18 October 2026 via checked.be.