C & C: 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 & C
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+201.1%), from €1.2m to €3.5m
of which Land and buildings: +€2.4m
- Cash +€1.2m
up €1.2m (+83.1%), from €1.4m to €2.6m
mainly Contributions, distributions and other (+€3.4m) and Net result for the year (+€701,917)
- Current investments +€573,385
up €573,385 (+60.4%), from €948,983 to €1.5m
- Reserves +€3.8m
up €3.8m (+107.9%), from €3.5m to €7.4m
of which Distributable reserves: +€3.6m
- Contributions +€276,391
up €276,391 (+445.8%), from €62,000 to €338,391
of which Capital: +€272,718
- Gross operating margin +€1.1m
up €1.1m (+825.4%), from €130,577 to €1.2m
- Taxes +€217,980
up €217,980 (+1534.7%), from €14,203 to €232,183
- Depreciation +€121,657
up €121,657 (+134.6%), from €90,397 to €212,053
- Other operating charges +€111,574
up €111,574 (+323.7%), from €34,468 to €146,042
- Financial charges -€107,825
down €107,825, from €93,594 to -€14,231
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,617,027 | €7,755,042 | +€4.1m | +114.4% |
| Fixed assets | 21/28 | €1,176,243 | €3,542,220 | +€2.4m | +201.1% |
| Tangible fixed assets | 22/27 | €1,176,243 | €3,542,220 | +€2.4m | +201.1% |
| Land and buildings | 22 | €1,114,110 | €3,500,265 | +€2.4m | +214.2% |
| Furniture and vehicles | 24 | €61,456 | €41,955 | -€19,502 | -31.7% |
| Other tangible fixed assets | 26 | €677 | €0 | -€677 | -100.0% |
| Current assets | 29/58 | €2,440,784 | €4,212,822 | +€1.8m | +72.6% |
| Amounts receivable within one year | 40/41 | €53,158 | €24,940 | -€28,218 | -53.1% |
| Trade receivables | 40 | €26,006 | €18,814 | -€7,192 | -27.7% |
| Other amounts receivable | 41 | €27,152 | €6,126 | -€21,026 | -77.4% |
| Current investments | 50/53 | €948,983 | €1,522,368 | +€573,385 | +60.4% |
| Cash at bank and in hand | 54/58 | €1,429,652 | €2,617,652 | +€1.2m | +83.1% |
| Deferred charges and accrued income | 490/1 | €8,991 | €47,863 | +€38,872 | +432.4% |
| Total equity and liabilities | 10/49 | €3,617,027 | €7,755,042 | +€4.1m | +114.4% |
| Equity | 10/15 | €3,600,100 | €7,695,535 | +€4.1m | +113.8% |
| Contributions | 10/11 | €62,000 | €338,391 | +€276,391 | +445.8% |
| Capital | 10 | €62,000 | €334,718 | +€272,718 | +439.9% |
| Issued capital | 100 | €62,000 | €334,718 | +€272,718 | +439.9% |
| Contributions outside capital | 11 | - | €3,673 | +€3,673 | |
| Share premium | 1100/10 | - | €3,673 | +€3,673 | |
| Reserves | 13 | €3,538,100 | €7,357,144 | +€3.8m | +107.9% |
| Non-distributable reserves | 130/1 | €6,200 | €33,472 | +€27,272 | +439.9% |
| Legal reserve | 130 | €6,200 | €33,472 | +€27,272 | +439.9% |
| Tax-exempt reserves | 132 | €21,424 | €189,070 | +€167,646 | +782.5% |
| Distributable reserves | 133 | €3,510,476 | €7,134,602 | +€3.6m | +103.2% |
| Provisions and deferred taxes | 16 | - | €4,087 | +€4,087 | |
| Deferred taxes | 168 | - | €4,087 | +€4,087 | |
| Amounts payable | 17/49 | €16,927 | €55,420 | +€38,493 | +227.4% |
| Amounts payable within one year | 42/48 | €15,151 | €30,143 | +€14,993 | +99.0% |
| Trade debts | 44 | €13,051 | €2,038 | -€11,013 | -84.4% |
| Suppliers | 440/4 | €13,051 | €2,038 | -€11,013 | -84.4% |
| Taxes, remuneration and social security | 45 | €2,100 | €4,030 | +€1,930 | +91.9% |
| Taxes | 450/3 | €2,100 | €4,030 | +€1,930 | +91.9% |
| Other amounts payable | 47/48 | - | €24,075 | +€24,075 | |
| Accrued charges and deferred income | 492/3 | €1,776 | €25,277 | +€23,500 | +1322.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,397 | €212,053 | +€121,657 | +134.6% |
| Other operating charges | 640/8 | €34,468 | €146,042 | +€111,574 | +323.7% |
| Non-recurring operating charges | 66A | - | €271 | +€271 | |
| Gross operating margin | 9900 | €130,577 | €1,208,412 | +€1.1m | +825.4% |
| Operating profit (loss) | 9901 | €5,713 | €850,046 | +€844,334 | +14779.5% |
| Financial income | 75/76B | €56,485 | €68,620 | +€12,135 | +21.5% |
| Recurring financial income | 75 | €56,485 | €68,620 | +€12,135 | +21.5% |
| Financial charges | 65/66B | €93,594 | -€14,231 | -€107,825 | |
| Recurring financial charges | 65 | €93,594 | -€14,231 | -€107,825 | |
| Profit (loss) for the period before taxes | 9903 | -€31,396 | €932,897 | +€964,293 | |
| Transfer from deferred taxes | 780 | - | €1,203 | +€1,203 | |
| Income taxes | 67/77 | €14,203 | €232,183 | +€217,980 | +1534.7% |
| Profit (loss) for the period | 9904 | -€45,600 | €701,917 | +€747,517 | |
| Transfer from tax-exempt reserves | 789 | €16,343 | €3,610 | -€12,732 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,257 | €705,528 | +€734,784 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.