C-born Projects: 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-born Projects
Largest movements
- Tangible fixed assets +€52,717
up €52,717 (+142%), from €37,011 to €89,727
of which Furniture and vehicles: +€52,846
- Cash +€43,868
up €43,868 (+90.4%), from €48,518 to €92,386
mainly Net result for the year (+€46,874) and Debts after one year (+€34,970)
- Receivables within one year -€10,405
down €10,405 (-19.9%), from €52,192 to €41,787
of which Trade receivables: -€22,005
- Deferred charges and accrued income +€7,057
up €7,057 (+296%), from €2,385 to €9,442
- Stocks and contracts -€6,000
down €6,000 (-65.0%), from €9,235 to €3,235
- Reserves +€46,874
up €46,874 (+69.2%), from €67,698 to €114,572
- Debts after one year +€34,970
up €34,970 (+143%), from €24,376 to €59,346
- Other debts -€13,000
down €13,000 (-93.5%), from €13,905 to €905
- Current portion of long-term debt +€11,180
up €11,180 (+199%), from €5,624 to €16,804
- Tax, wage and social debts +€4,074
up €4,074 (+114%), from €3,567 to €7,642
- Gross operating margin -€17,673
down €17,673 (-16.4%), from €107,823 to €90,150
- Depreciation +€15,734
up €15,734 (+839%), from €1,875 to €17,609
- Taxes -€4,947
down €4,947 (-21.2%), from €23,361 to €18,414
- Write-downs +€4,500
new in 2025: €4,500
- Financial charges +€3,451
up €3,451 (+231%), from €1,492 to €4,943
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 | €149,341 | €236,578 | +€87,237 | +58.4% |
| Fixed assets | 21/28 | €37,011 | €89,727 | +€52,717 | +142% |
| Tangible fixed assets | 22/27 | €37,011 | €89,727 | +€52,717 | +142% |
| Plant, machinery and equipment | 23 | €2,136 | €2,006 | -€129 | -6.1% |
| Furniture and vehicles | 24 | €34,875 | €87,721 | +€52,846 | +152% |
| Current assets | 29/58 | €112,331 | €146,851 | +€34,520 | +30.7% |
| Stocks and contracts in progress | 3 | €9,235 | €3,235 | -€6,000 | -65.0% |
| Stocks | 30/36 | €9,235 | €3,235 | -€6,000 | -65.0% |
| Amounts receivable within one year | 40/41 | €52,192 | €41,787 | -€10,405 | -19.9% |
| Trade receivables | 40 | €42,659 | €20,654 | -€22,005 | -51.6% |
| Other amounts receivable | 41 | €9,534 | €21,134 | +€11,600 | +122% |
| Cash at bank and in hand | 54/58 | €48,518 | €92,386 | +€43,868 | +90.4% |
| Deferred charges and accrued income | 490/1 | €2,385 | €9,442 | +€7,057 | +296% |
| Total equity and liabilities | 10/49 | €149,341 | €236,578 | +€87,237 | +58.4% |
| Equity | 10/15 | €77,698 | €124,572 | +€46,874 | +60.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,698 | €114,572 | +€46,874 | +69.2% |
| Distributable reserves | 133 | €67,698 | €114,572 | +€46,874 | +69.2% |
| Amounts payable | 17/49 | €71,643 | €112,006 | +€40,363 | +56.3% |
| Amounts payable after more than one year | 17 | €24,376 | €59,346 | +€34,970 | +143% |
| Financial debts | 170/4 | €24,376 | €59,346 | +€34,970 | +143% |
| Amounts payable within one year | 42/48 | €47,267 | €52,660 | +€5,393 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €5,624 | €16,804 | +€11,180 | +199% |
| Financial debts | 43 | €16,667 | €17,143 | +€476 | +2.9% |
| Other loans | 439 | €16,667 | €17,143 | +€476 | +2.9% |
| Trade debts | 44 | €7,504 | €10,166 | +€2,663 | +35.5% |
| Suppliers | 440/4 | €7,504 | €10,166 | +€2,663 | +35.5% |
| Taxes, remuneration and social security | 45 | €3,567 | €7,642 | +€4,074 | +114% |
| Taxes | 450/3 | €3,567 | €7,642 | +€4,074 | +114% |
| Other amounts payable | 47/48 | €13,905 | €905 | -€13,000 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €17,609 | +€15,734 | +839% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,500 | +€4,500 | |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €107,823 | €90,150 | -€17,673 | -16.4% |
| Operating profit (loss) | 9901 | €105,449 | €67,528 | -€37,921 | -36.0% |
| Financial income | 75/76B | €103 | €2,704 | +€2,600 | +2,520% |
| Recurring financial income | 75 | €103 | €2,704 | +€2,600 | +2,520% |
| Financial charges | 65/66B | €1,492 | €4,943 | +€3,451 | +231% |
| Recurring financial charges | 65 | €1,492 | €4,943 | +€3,451 | +231% |
| Profit (loss) for the period before taxes | 9903 | €104,060 | €65,288 | -€38,771 | -37.3% |
| Income taxes | 67/77 | €23,361 | €18,414 | -€4,947 | -21.2% |
| Profit (loss) for the period | 9904 | €80,698 | €46,874 | -€33,824 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,698 | €46,874 | -€33,824 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.