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.
C&C
Largest movements
- Receivables within one year +€49,889
up €49,889 (+19.3%), from €259,093 to €308,982
of which Other amounts receivable: +€28,161
- Cash +€42,321
up €42,321 (+37.1%), from €113,976 to €156,297
mainly Trade debts (+€60,064) and Depreciation (+€31,225)
- Intangible fixed assets -€25,723
down €25,723 (-25.0%), from €102,892 to €77,169
- Trade debts +€60,064
up €60,064 (+307.8%), from €19,516 to €79,580
- Other debts +€18,459
new in 2025: €18,459
- Current portion of long-term debt -€8,572
no longer reported in 2025 (was €8,572)
- Tax, wage and social debts -€7,480
down €7,480 (-22.6%), from €33,118 to €25,638
of which Remuneration and social security: -€11,994
- Reserves +€6,741
up €6,741 (+2.0%), from €345,492 to €352,233
- Gross operating margin -€37,940
down €37,940 (-9.6%), from €394,998 to €357,058
- Staff costs -€14,713
down €14,713 (-5.1%), from €287,391 to €272,678
- Taxes -€5,815
down €5,815 (-28.4%), from €20,442 to €14,627
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,246 | €580,464 | +€69,218 | +13.5% |
| Fixed assets | 21/28 | €113,388 | €90,733 | -€22,655 | -20.0% |
| Intangible fixed assets | 21 | €102,892 | €77,169 | -€25,723 | -25.0% |
| Tangible fixed assets | 22/27 | €10,226 | €13,294 | +€3,068 | +30.0% |
| Plant, machinery and equipment | 23 | €6,483 | €7,779 | +€1,296 | +20.0% |
| Furniture and vehicles | 24 | €3,743 | €5,515 | +€1,772 | +47.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €397,858 | €489,731 | +€91,873 | +23.1% |
| Amounts receivable within one year | 40/41 | €259,093 | €308,982 | +€49,889 | +19.3% |
| Trade receivables | 40 | €90,725 | €112,453 | +€21,728 | +23.9% |
| Other amounts receivable | 41 | €168,368 | €196,529 | +€28,161 | +16.7% |
| Current investments | 50/53 | €307 | €307 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,976 | €156,297 | +€42,321 | +37.1% |
| Deferred charges and accrued income | 490/1 | €24,482 | €24,145 | -€337 | -1.4% |
| Total equity and liabilities | 10/49 | €511,246 | €580,464 | +€69,218 | +13.5% |
| Equity | 10/15 | €450,040 | €456,781 | +€6,741 | +1.5% |
| Contributions | 10/11 | €104,548 | €104,548 | = | 0.0% |
| Reserves | 13 | €345,492 | €352,233 | +€6,741 | +2.0% |
| Distributable reserves | 133 | €345,492 | €352,233 | +€6,741 | +2.0% |
| Amounts payable | 17/49 | €61,206 | €123,683 | +€62,477 | +102.1% |
| Amounts payable within one year | 42/48 | €61,206 | €123,677 | +€62,471 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €8,572 | - | -€8,572 | |
| Trade debts | 44 | €19,516 | €79,580 | +€60,064 | +307.8% |
| Suppliers | 440/4 | €19,516 | €79,580 | +€60,064 | +307.8% |
| Taxes, remuneration and social security | 45 | €33,118 | €25,638 | -€7,480 | -22.6% |
| Taxes | 450/3 | €2,171 | €6,685 | +€4,514 | +207.9% |
| Remuneration and social security | 454/9 | €30,947 | €18,953 | -€11,994 | -38.8% |
| Other amounts payable | 47/48 | - | €18,459 | +€18,459 | |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | €287,391 | €272,678 | -€14,713 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,328 | €31,225 | +€1,897 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,419 | - | -€2,419 | |
| Other operating charges | 640/8 | €32,321 | €29,943 | -€2,378 | -7.4% |
| Gross operating margin | 9900 | €394,998 | €357,058 | -€37,940 | -9.6% |
| Operating profit (loss) | 9901 | €43,539 | €23,212 | -€20,327 | -46.7% |
| Financial income | 75/76B | - | €1,498 | +€1,498 | |
| Recurring financial income | 75 | - | €1,498 | +€1,498 | |
| Financial charges | 65/66B | €3,060 | €3,342 | +€282 | +9.2% |
| Recurring financial charges | 65 | €2,928 | €3,342 | +€414 | +14.1% |
| Non-recurring financial charges | 66B | €132 | - | -€132 | |
| Profit (loss) for the period before taxes | 9903 | €40,479 | €21,368 | -€19,111 | -47.2% |
| Income taxes | 67/77 | €20,442 | €14,627 | -€5,815 | -28.4% |
| Profit (loss) for the period | 9904 | €20,037 | €6,741 | -€13,296 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,037 | €6,741 | -€13,296 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.