C & C: 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.
What changed
C & C
NACE 68.122, Development of non-residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,112
2024 · €107,633+€18,479
Equity
€1.8m
2024 · €1.7m+€126,112
Cash
€23,265
2024 · €57,347-€34,083
Balance sheet total
€3.4m
2024 · €3.8m-€375,268
Largest movements
Assets
- Tangible fixed assets -€149,897
down €149,897 (-6.2%), from €2.4m to €2.3m
of which Land and buildings: -€94,566
- Receivables within one year -€88,145
down €88,145 (-45.1%), from €195,415 to €107,269
of which Trade receivables: -€140,431
- Receivables after one year -€60,731
down €60,731 (-13.0%), from €468,842 to €408,111
- Intangible fixed assets -€42,250
down €42,250 (-20.2%), from €209,526 to €167,275
Equity and liabilities
- Debts after one year -€249,583
down €249,583 (-18.0%), from €1.4m to €1.1m
of which Financial debts: -€249,583
- Trade debts -€199,618
down €199,618 (-84.7%), from €235,631 to €36,013
- Reserves +€126,609
up €126,609 (+7.9%), from €1.6m to €1.7m
of which Distributable reserves: +€163,000
Income statement
- Turnover +€154,461
up €154,461 (+32.6%), from €474,009 to €628,470
- Services and other goods +€59,380
up €59,380 (+21.9%), from €271,079 to €330,460
- Depreciation +€26,581
up €26,581 (+12.1%), from €219,788 to €246,369
- Financial charges +€22,281
up €22,281 (+53.8%), from €41,430 to €63,711
- Goods and materials +€20,731
new in 2025: €20,731
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.
Result 2024
€107,633
Turnover
+€154,461
Other operating income
+€6,329
Goods and materials
-€20,731
Services and other goods
-€59,380
Staff costs
+€185
Depreciation
-€26,581
Other operating charges
-€1,631
Financial income
+€76
Financial charges
-€22,281
Taxes
-€11,967
Result 2025
€126,112
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.
From operations
+€289,228
Investment
-€54,221
Financing
-€269,089
Cash 2024
€57,347
From operations (derived)
+€289,228
Net result for the year
+€126,112
Depreciation
+€246,369
Receivables after one year
+€60,731
Receivables within one year
+€88,145
Smaller working-capital items
+€600
Provisions
-€8,797
Trade debts
-€199,618
Tax, wage and social debts
-€30,189
Other debts
+€5,875
Investment (derived)
-€54,221
Investment in fixed assets (net)
-€54,221
Financing
-€269,089
Debts after one year
-€249,583
Current portion of long-term debt
-€20,012
Short-term financial debts
+€505
Cash 2025
€23,265
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,817,220 | €3,441,952 | -€375,268 | -9.8% |
| Fixed assets | 21/28 | €2,984,477 | €2,792,330 | -€192,147 | -6.4% |
| Intangible fixed assets | 21 | €209,526 | €167,275 | -€42,250 | -20.2% |
| Tangible fixed assets | 22/27 | €2,410,557 | €2,260,660 | -€149,897 | -6.2% |
| Land and buildings | 22 | €1,829,204 | €1,734,638 | -€94,566 | -5.2% |
| Plant, machinery and equipment | 23 | €565,888 | €518,233 | -€47,655 | -8.4% |
| Furniture and vehicles | 24 | €940 | €1,564 | +€624 | +66.4% |
| Leasing and similar rights | 25 | €14,525 | €6,225 | -€8,300 | -57.1% |
| Financial fixed assets | 28 | €364,394 | €364,394 | = | 0.0% |
| Affiliated companies | 280/1 | €364,394 | €364,394 | = | 0.0% |
| Participating interests | 280 | €364,394 | €364,394 | = | 0.0% |
| Current assets | 29/58 | €832,743 | €649,622 | -€183,121 | -22.0% |
| Amounts receivable after more than one year | 29 | €468,842 | €408,111 | -€60,731 | -13.0% |
| Other amounts receivable | 291 | €468,842 | €408,111 | -€60,731 | -13.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €195,415 | €107,269 | -€88,145 | -45.1% |
| Trade receivables | 40 | €186,771 | €46,339 | -€140,431 | -75.2% |
| Other amounts receivable | 41 | €8,644 | €60,930 | +€52,286 | +604.9% |
| Current investments | 50/53 | €98,764 | €98,764 | = | 0.0% |
| Other investments | 51/53 | €98,764 | €98,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,347 | €23,265 | -€34,083 | -59.4% |
| Deferred charges and accrued income | 490/1 | €12,375 | €12,214 | -€162 | -1.3% |
| Total equity and liabilities | 10/49 | €3,817,220 | €3,441,952 | -€375,268 | -9.8% |
| Equity | 10/15 | €1,700,433 | €1,826,545 | +€126,112 | +7.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €1,599,894 | €1,726,502 | +€126,609 | +7.9% |
| Non-distributable reserves | 130/1 | €10,000 | €0 | -€10,000 | -100.0% |
| Legal reserve | 130 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €248,894 | €222,502 | -€26,391 | -10.6% |
| Distributable reserves | 133 | €1,341,000 | €1,504,000 | +€163,000 | +12.2% |
| Profit (loss) carried forward | 14 | €539 | €43 | -€497 | -92.1% |
| Provisions and deferred taxes | 16 | €77,768 | €68,971 | -€8,797 | -11.3% |
| Deferred taxes | 168 | €77,768 | €68,971 | -€8,797 | -11.3% |
| Amounts payable | 17/49 | €2,039,020 | €1,546,436 | -€492,583 | -24.2% |
| Amounts payable after more than one year | 17 | €1,386,516 | €1,136,933 | -€249,583 | -18.0% |
| Financial debts | 170/4 | €1,381,936 | €1,132,353 | -€249,583 | -18.1% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €1,133,672 | €884,089 | -€249,583 | -22.0% |
| Other loans | 174 | €248,264 | €248,264 | = | 0.0% |
| Other amounts payable | 178/9 | €4,580 | €4,580 | = | 0.0% |
| Amounts payable within one year | 42/48 | €625,805 | €382,367 | -€243,439 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €305,095 | €285,083 | -€20,012 | -6.6% |
| Financial debts | 43 | €17,115 | €17,621 | +€505 | +3.0% |
| Credit institutions | 430/8 | €17,115 | €17,621 | +€505 | +3.0% |
| Trade debts | 44 | €235,631 | €36,013 | -€199,618 | -84.7% |
| Suppliers | 440/4 | €235,631 | €36,013 | -€199,618 | -84.7% |
| Taxes, remuneration and social security | 45 | €55,058 | €24,870 | -€30,189 | -54.8% |
| Taxes | 450/3 | €48,216 | €22,437 | -€25,778 | -53.5% |
| Remuneration and social security | 454/9 | €6,843 | €2,432 | -€4,410 | -64.5% |
| Other amounts payable | 47/48 | €12,906 | €18,781 | +€5,875 | +45.5% |
| Accrued charges and deferred income | 492/3 | €26,698 | €27,136 | +€438 | +1.6% |
| Operating income | 70/76A | €691,109 | €851,899 | +€160,790 | +23.3% |
| Turnover | 70 | €474,009 | €628,470 | +€154,461 | +32.6% |
| Other operating income | 74 | €217,100 | €223,429 | +€6,329 | +2.9% |
| Operating charges | 60/66A | €525,812 | €633,951 | +€108,139 | +20.6% |
| Goods for resale, raw materials and consumables | 60 | - | €20,731 | +€20,731 | |
| Purchases | 600/8 | - | €20,731 | +€20,731 | |
| Services and other goods | 61 | €271,079 | €330,460 | +€59,380 | +21.9% |
| Remuneration, social security and pensions | 62 | €185 | €0 | -€185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,788 | €246,369 | +€26,581 | +12.1% |
| Other operating charges | 640/8 | €34,760 | €36,391 | +€1,631 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €165,297 | €217,948 | +€52,651 | +31.9% |
| Financial income | 75/76B | €11,035 | €11,111 | +€76 | +0.7% |
| Recurring financial income | 75 | €11,035 | €11,111 | +€76 | +0.7% |
| Income from current assets | 751 | €9,377 | €9,408 | +€32 | +0.3% |
| Other financial income | 752/9 | €1,658 | €1,702 | +€44 | +2.7% |
| Financial charges | 65/66B | €41,430 | €63,711 | +€22,281 | +53.8% |
| Recurring financial charges | 65 | €41,430 | €63,711 | +€22,281 | +53.8% |
| Debt charges | 650 | €37,472 | €62,618 | +€25,146 | +67.1% |
| Other financial charges | 652/9 | €3,958 | €1,093 | -€2,865 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €134,901 | €165,348 | +€30,446 | +22.6% |
| Transfer from deferred taxes | 780 | €8,797 | €8,797 | = | 0.0% |
| Income taxes | 67/77 | €36,066 | €48,033 | +€11,967 | +33.2% |
| Taxes | 670/3 | €36,066 | €48,033 | +€11,967 | +33.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €107,633 | €126,112 | +€18,479 | +17.2% |
| Transfer from tax-exempt reserves | 789 | €26,391 | €26,391 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,024 | €152,503 | +€18,479 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.