C+CR: 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+CR
Largest movements
- Tangible fixed assets -€14,246
down €14,246 (-27.5%), from €51,850 to €37,604
- Receivables within one year +€7,200
up €7,200 (+1,202%), from €599 to €7,799
of which Trade receivables: +€3,771
- Stocks and contracts +€2,329
up €2,329 (+113%), from €2,070 to €4,398
- Cash -€903
down €903 (-3.4%), from €26,417 to €25,514
mainly Receivables within one year (-€7,200) and Debts after one year (-€4,493)
- Debts after one year -€4,493
down €4,493 (-4.7%), from €95,379 to €90,887
- Other debts -€1,774
no longer reported in 2025 (was €1,774)
- Gross operating margin +€16,812
up €16,812 (+183%), from €9,201 to €26,014
- Other operating charges +€2,087
up €2,087 (+80.5%), from €2,592 to €4,679
- Financial charges -€350
down €350 (-7.4%), from €4,700 to €4,351
- Taxes +€340
new in 2025: €340
- Depreciation +€273
up €273 (+1.7%), from €16,053 to €16,326
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,541 | €84,085 | -€5,457 | -6.1% |
| Fixed assets | 21/28 | €60,456 | €45,581 | -€14,875 | -24.6% |
| Intangible fixed assets | 21 | €2,006 | €1,377 | -€629 | -31.4% |
| Tangible fixed assets | 22/27 | €51,850 | €37,604 | -€14,246 | -27.5% |
| Plant, machinery and equipment | 23 | €18,674 | €12,689 | -€5,985 | -32.1% |
| Furniture and vehicles | 24 | €23,412 | €16,298 | -€7,115 | -30.4% |
| Other tangible fixed assets | 26 | €9,764 | €8,618 | -€1,146 | -11.7% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €29,085 | €38,504 | +€9,418 | +32.4% |
| Stocks and contracts in progress | 3 | €2,070 | €4,398 | +€2,329 | +113% |
| Stocks | 30/36 | €2,070 | €4,398 | +€2,329 | +113% |
| Amounts receivable within one year | 40/41 | €599 | €7,799 | +€7,200 | +1,202% |
| Trade receivables | 40 | €599 | €4,370 | +€3,771 | +630% |
| Other amounts receivable | 41 | - | €3,428 | +€3,428 | |
| Cash at bank and in hand | 54/58 | €26,417 | €25,514 | -€903 | -3.4% |
| Deferred charges and accrued income | 490/1 | - | €793 | +€793 | |
| Total equity and liabilities | 10/49 | €89,541 | €84,085 | -€5,457 | -6.1% |
| Equity | 10/15 | -€24,979 | -€24,557 | +€422 | +1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,979 | -€29,557 | +€422 | +1.4% |
| Amounts payable | 17/49 | €114,521 | €108,641 | -€5,879 | -5.1% |
| Amounts payable after more than one year | 17 | €95,379 | €90,887 | -€4,493 | -4.7% |
| Financial debts | 170/4 | €95,379 | €90,887 | -€4,493 | -4.7% |
| Amounts payable within one year | 42/48 | €16,030 | €14,644 | -€1,387 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €4,309 | €4,493 | +€184 | +4.3% |
| Trade debts | 44 | €2,756 | €3,569 | +€813 | +29.5% |
| Suppliers | 440/4 | €2,756 | €3,569 | +€813 | +29.5% |
| Taxes, remuneration and social security | 45 | €7,191 | €6,582 | -€609 | -8.5% |
| Taxes | 450/3 | €7,191 | €6,582 | -€609 | -8.5% |
| Other amounts payable | 47/48 | €1,774 | - | -€1,774 | |
| Accrued charges and deferred income | 492/3 | €3,111 | €3,111 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,053 | €16,326 | +€273 | +1.7% |
| Other operating charges | 640/8 | €2,592 | €4,679 | +€2,087 | +80.5% |
| Gross operating margin | 9900 | €9,201 | €26,014 | +€16,812 | +183% |
| Operating profit (loss) | 9901 | -€9,444 | €5,009 | +€14,453 | |
| Financial income | 75/76B | €11 | €104 | +€93 | +862% |
| Recurring financial income | 75 | €11 | €104 | +€93 | +862% |
| Financial charges | 65/66B | €4,700 | €4,351 | -€350 | -7.4% |
| Recurring financial charges | 65 | €4,700 | €4,351 | -€350 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,134 | €762 | +€14,896 | |
| Income taxes | 67/77 | - | €340 | +€340 | |
| Profit (loss) for the period | 9904 | -€14,134 | €422 | +€14,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,134 | €422 | +€14,556 |
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 20 October 2026 via checked.be.