C & C OPERATIONS: 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.
What changed
C & C OPERATIONS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€532,469
2024 · €553,063-€20,594
Equity
€11.7m
2024 · €11.1m+€516,209
Cash
€400,839
2024 · €385,914+€14,925
Balance sheet total
€17.0m
2024 · €17.0m-€6,948
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€532,469
up €532,469 (+11.2%), from €4.7m to €5.3m
- Debts after one year -€500,985
down €500,985 (-22.4%), from €2.2m to €1.7m
Income statement
- Turnover -€57,531
down €57,531 (-2.4%), from €2.3m to €2.3m
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
€553,063
Turnover
-€57,531
Other operating income
-€2,931
Goods and materials
-€445
Services and other goods
+€15,191
Staff costs
+€19,225
Depreciation
+€5,852
Other operating charges
-€151
Other operating items
-€455
Financial income
-€6,272
Financial charges
+€17,894
Taxes
-€10,573
Deferred taxes and other
-€398
Result 2025
€532,469
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€641,327
Investment
-€26,757
Financing
-€599,645
Cash 2024
€385,914
From operations (derived)
+€641,327
Net result for the year
+€532,469
Depreciation
+€227,567
Receivables within one year
-€163,369
Deferred charges and accrued income
-€15,568
Provisions
-€5,420
Trade debts
+€51,268
Tax, wage and social debts
+€98,690
Other debts
-€84,368
Accrued charges and deferred income
+€59
Investment (derived)
-€26,757
Investment in fixed assets (net)
-€26,757
Financing
-€599,645
Debts after one year
-€500,985
Current portion of long-term debt
-€82,400
Contributions, distributions and other
-€16,260
Cash 2025
€400,839
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,990,963 | €16,984,015 | -€6,948 | 0.0% |
| Fixed assets | 21/28 | €15,119,636 | €14,918,826 | -€200,810 | -1.3% |
| Intangible fixed assets | 21 | €91,056 | €58,037 | -€33,019 | -36.3% |
| Tangible fixed assets | 22/27 | €632,666 | €464,874 | -€167,791 | -26.5% |
| Plant, machinery and equipment | 23 | €151,732 | €112,530 | -€39,202 | -25.8% |
| Furniture and vehicles | 24 | €463,175 | €345,723 | -€117,452 | -25.4% |
| Leasing and similar rights | 25 | €17,759 | €6,621 | -€11,138 | -62.7% |
| Financial fixed assets | 28 | €14,395,915 | €14,395,915 | = | 0.0% |
| Affiliated companies | 280/1 | €14,395,915 | €14,395,915 | = | 0.0% |
| Participating interests | 280 | €14,145,915 | €14,145,915 | = | 0.0% |
| Amounts receivable | 281 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,871,327 | €2,065,189 | +€193,862 | +10.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,463,556 | €1,626,926 | +€163,369 | +11.2% |
| Trade receivables | 40 | €320,983 | €410,479 | +€89,496 | +27.9% |
| Other amounts receivable | 41 | €1,142,573 | €1,216,446 | +€73,874 | +6.5% |
| Cash at bank and in hand | 54/58 | €385,914 | €400,839 | +€14,925 | +3.9% |
| Deferred charges and accrued income | 490/1 | €21,857 | €37,425 | +€15,568 | +71.2% |
| Total equity and liabilities | 10/49 | €16,990,963 | €16,984,015 | -€6,948 | 0.0% |
| Equity | 10/15 | €11,146,055 | €11,662,264 | +€516,209 | +4.6% |
| Contributions | 10/11 | €5,981,436 | €5,981,436 | = | 0.0% |
| Reserves | 13 | €399,573 | €399,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,191 | €82,191 | = | 0.0% |
| Distributable reserves | 133 | €317,382 | €317,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,746,758 | €5,279,227 | +€532,469 | +11.2% |
| Investment grants | 15 | €18,289 | €2,028 | -€16,260 | -88.9% |
| Provisions and deferred taxes | 16 | €6,096 | €676 | -€5,420 | -88.9% |
| Deferred taxes | 168 | €6,096 | €676 | -€5,420 | -88.9% |
| Amounts payable | 17/49 | €5,838,811 | €5,321,075 | -€517,737 | -8.9% |
| Amounts payable after more than one year | 17 | €2,234,796 | €1,733,811 | -€500,985 | -22.4% |
| Financial debts | 170/4 | €2,234,796 | €1,733,811 | -€500,985 | -22.4% |
| Leasing and similar obligations | 172 | €4,640 | €0 | -€4,640 | -100% |
| Credit institutions | 173 | €230,156 | €46,311 | -€183,844 | -79.9% |
| Other loans | 174 | €2,000,000 | €1,687,500 | -€312,500 | -15.6% |
| Amounts payable within one year | 42/48 | €3,603,728 | €3,586,917 | -€16,811 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €505,260 | €422,860 | -€82,400 | -16.3% |
| Trade debts | 44 | €34,617 | €85,884 | +€51,268 | +148% |
| Suppliers | 440/4 | €34,617 | €85,884 | +€51,268 | +148% |
| Taxes, remuneration and social security | 45 | €152,407 | €251,097 | +€98,690 | +64.8% |
| Taxes | 450/3 | €63,263 | €163,096 | +€99,833 | +158% |
| Remuneration and social security | 454/9 | €89,144 | €88,001 | -€1,143 | -1.3% |
| Other amounts payable | 47/48 | €2,911,444 | €2,827,076 | -€84,368 | -2.9% |
| Accrued charges and deferred income | 492/3 | €287 | €346 | +€59 | +20.6% |
| Operating income | 70/76A | €2,371,829 | €2,310,912 | -€60,917 | -2.6% |
| Turnover | 70 | €2,348,548 | €2,291,016 | -€57,531 | -2.4% |
| Other operating income | 74 | €10,801 | €7,870 | -€2,931 | -27.1% |
| Non-recurring operating income | 76A | €12,480 | €12,025 | -€455 | -3.6% |
| Operating charges | 60/66A | €1,445,129 | €1,405,457 | -€39,671 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €8,238 | €8,684 | +€445 | +5.4% |
| Purchases | 600/8 | €8,238 | €8,684 | +€445 | +5.4% |
| Services and other goods | 61 | €582,403 | €567,212 | -€15,191 | -2.6% |
| Remuneration, social security and pensions | 62 | €616,485 | €597,260 | -€19,225 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,420 | €227,567 | -€5,852 | -2.5% |
| Other operating charges | 640/8 | €4,584 | €4,735 | +€151 | +3.3% |
| Operating profit (loss) | 9901 | €926,700 | €905,454 | -€21,245 | -2.3% |
| Financial income | 75/76B | €112,713 | €106,442 | -€6,272 | -5.6% |
| Recurring financial income | 75 | €112,713 | €106,442 | -€6,272 | -5.6% |
| Income from financial fixed assets | 750 | €13,270 | €15,375 | +€2,105 | +15.9% |
| Income from current assets | 751 | €81,802 | €74,806 | -€6,996 | -8.6% |
| Other financial income | 752/9 | €17,642 | €16,260 | -€1,381 | -7.8% |
| Financial charges | 65/66B | €308,074 | €290,180 | -€17,894 | -5.8% |
| Recurring financial charges | 65 | €308,074 | €290,180 | -€17,894 | -5.8% |
| Debt charges | 650 | €302,370 | €283,759 | -€18,612 | -6.2% |
| Other financial charges | 652/9 | €5,703 | €6,421 | +€718 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €731,339 | €721,716 | -€9,623 | -1.3% |
| Transfer from deferred taxes | 780 | €5,818 | €5,420 | -€398 | -6.8% |
| Income taxes | 67/77 | €184,094 | €194,667 | +€10,573 | +5.7% |
| Taxes | 670/3 | €184,094 | €194,667 | +€10,573 | +5.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €553,063 | €532,469 | -€20,594 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €553,063 | €532,469 | -€20,594 | -3.7% |
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 19 October 2026 via checked.be.