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
- Cash +€130,490
up €130,490 (+144.0%), from €90,643 to €221,132
mainly Other debts (+€122,272) and Net result for the year (+€112,756)
- Receivables within one year -€39,499
down €39,499 (-26.7%), from €148,027 to €108,528
of which Trade receivables: -€51,802
- Tangible fixed assets -€7,441
down €7,441 (-6.7%), from €111,752 to €104,311
of which Land and buildings: -€8,653
- Other debts +€122,272
new in 2025: €122,272
- Debts after one year -€32,466
down €32,466 (-40.6%), from €79,874 to €47,408
- Reserves -€17,387
down €17,387 (-7.6%), from €228,003 to €210,616
- Tax, wage and social debts +€17,368
up €17,368 (+60.0%), from €28,928 to €46,297
- Current portion of long-term debt -€9,248
down €9,248 (-61.6%), from €15,001 to €5,753
- Gross operating margin +€33,763
up €33,763 (+21.6%), from €156,578 to €190,341
- Taxes +€21,528
up €21,528 (+54.6%), from €39,459 to €60,987
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 | €359,158 | €443,577 | +€84,419 | +23.5% |
| Fixed assets | 21/28 | €111,752 | €104,311 | -€7,441 | -6.7% |
| Tangible fixed assets | 22/27 | €111,752 | €104,311 | -€7,441 | -6.7% |
| Land and buildings | 22 | €107,192 | €98,539 | -€8,653 | -8.1% |
| Furniture and vehicles | 24 | €4,561 | €5,772 | +€1,212 | +26.6% |
| Current assets | 29/58 | €247,405 | €339,266 | +€91,860 | +37.1% |
| Amounts receivable within one year | 40/41 | €148,027 | €108,528 | -€39,499 | -26.7% |
| Trade receivables | 40 | €143,092 | €91,290 | -€51,802 | -36.2% |
| Other amounts receivable | 41 | €4,935 | €17,238 | +€12,303 | +249.3% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,643 | €221,132 | +€130,490 | +144.0% |
| Deferred charges and accrued income | 490/1 | €3,736 | €4,606 | +€870 | +23.3% |
| Total equity and liabilities | 10/49 | €359,158 | €443,577 | +€84,419 | +23.5% |
| Equity | 10/15 | €234,203 | €216,816 | -€17,387 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,003 | €210,616 | -€17,387 | -7.6% |
| Distributable reserves | 133 | €228,003 | €210,616 | -€17,387 | -7.6% |
| Amounts payable | 17/49 | €124,955 | €226,762 | +€101,807 | +81.5% |
| Amounts payable after more than one year | 17 | €79,874 | €47,408 | -€32,466 | -40.6% |
| Financial debts | 170/4 | €79,874 | €47,408 | -€32,466 | -40.6% |
| Amounts payable within one year | 42/48 | €45,081 | €179,354 | +€134,273 | +297.9% |
| Current portion of amounts payable after more than one year | 42 | €15,001 | €5,753 | -€9,248 | -61.6% |
| Trade debts | 44 | €1,151 | €5,032 | +€3,881 | +337.1% |
| Suppliers | 440/4 | €1,151 | €5,032 | +€3,881 | +337.1% |
| Taxes, remuneration and social security | 45 | €28,928 | €46,297 | +€17,368 | +60.0% |
| Taxes | 450/3 | €28,928 | €46,297 | +€17,368 | +60.0% |
| Other amounts payable | 47/48 | - | €122,272 | +€122,272 | |
| Non-recurring operating income | 76A | - | €18,438 | +€18,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,145 | €10,996 | +€850 | +8.4% |
| Other operating charges | 640/8 | €2,226 | €2,885 | +€660 | +29.6% |
| Non-recurring operating charges | 66A | €17,800 | - | -€17,800 | |
| Gross operating margin | 9900 | €156,578 | €190,341 | +€33,763 | +21.6% |
| Operating profit (loss) | 9901 | €126,407 | €176,460 | +€50,053 | +39.6% |
| Financial income | 75/76B | €520 | €1,243 | +€723 | +139.0% |
| Recurring financial income | 75 | €520 | €1,243 | +€723 | +139.0% |
| Financial charges | 65/66B | €4,082 | €3,960 | -€123 | -3.0% |
| Recurring financial charges | 65 | €4,082 | €3,960 | -€123 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €122,845 | €173,743 | +€50,899 | +41.4% |
| Income taxes | 67/77 | €39,459 | €60,987 | +€21,528 | +54.6% |
| Profit (loss) for the period | 9904 | €83,386 | €112,756 | +€29,370 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,386 | €112,756 | +€29,370 | +35.2% |
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 11 October 2026 via checked.be.