C & E: 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 & E
Largest movements
- Tangible fixed assets -€4,642
down €4,642 (-46.1%), from €10,069 to €5,427
of which Plant, machinery and equipment: -€2,625
- Profit (loss) carried forward +€9,066
up €9,066 (+4.1%), from -€223,782 to -€214,716
- Tax, wage and social debts -€3,382
down €3,382 (-48.9%), from €6,910 to €3,528
- Trade debts -€3,335
down €3,335 (-73.4%), from €4,544 to €1,210
- Current portion of long-term debt -€1,836
no longer reported in 2025 (was €1,836)
- Depreciation -€2,654
down €2,654 (-36.4%), from €7,295 to €4,642
- Financial charges -€2,443
down €2,443 (-14.4%), from €16,980 to €14,537
- Other operating charges -€2,388
down €2,388 (-70.2%), from €3,401 to €1,013
- Financial income +€925
up €925 (+5.1%), from €18,075 to €19,000
of which Non-recurring financial income: +€1,000
- Gross operating margin +€448
up €448 (+2.4%), from €18,766 to €19,214
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,312 | €172,871 | -€2,441 | -1.4% |
| Fixed assets | 21/28 | €10,069 | €5,427 | -€4,642 | -46.1% |
| Tangible fixed assets | 22/27 | €10,069 | €5,427 | -€4,642 | -46.1% |
| Plant, machinery and equipment | 23 | €3,208 | €583 | -€2,625 | -81.8% |
| Furniture and vehicles | 24 | €49 | - | -€49 | |
| Other tangible fixed assets | 26 | €6,813 | €4,844 | -€1,968 | -28.9% |
| Current assets | 29/58 | €165,243 | €167,443 | +€2,200 | +1.3% |
| Stocks and contracts in progress | 3 | €113,172 | €114,694 | +€1,522 | +1.3% |
| Stocks | 30/36 | €113,172 | €114,694 | +€1,522 | +1.3% |
| Amounts receivable within one year | 40/41 | €51,504 | €52,426 | +€922 | +1.8% |
| Trade receivables | 40 | €32,604 | €33,525 | +€921 | +2.8% |
| Other amounts receivable | 41 | €18,900 | €18,901 | +€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €567 | €323 | -€244 | -43.0% |
| Total equity and liabilities | 10/49 | €175,312 | €172,871 | -€2,441 | -1.4% |
| Equity | 10/15 | -€172,760 | -€163,694 | +€9,066 | +5.2% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €2,423 | €2,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €563 | €563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,782 | -€214,716 | +€9,066 | +4.1% |
| Amounts payable | 17/49 | €348,071 | €336,564 | -€11,507 | -3.3% |
| Amounts payable after more than one year | 17 | €108,000 | €108,000 | = | 0.0% |
| Other amounts payable | 178/9 | €108,000 | €108,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €239,591 | €228,564 | -€11,027 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €1,836 | - | -€1,836 | |
| Financial debts | 43 | €162,522 | €160,878 | -€1,644 | -1.0% |
| Credit institutions | 430/8 | €162,522 | €160,878 | -€1,644 | -1.0% |
| Trade debts | 44 | €4,544 | €1,210 | -€3,335 | -73.4% |
| Suppliers | 440/4 | €4,544 | €1,210 | -€3,335 | -73.4% |
| Taxes, remuneration and social security | 45 | €6,910 | €3,528 | -€3,382 | -48.9% |
| Taxes | 450/3 | €6,910 | €3,528 | -€3,382 | -48.9% |
| Other amounts payable | 47/48 | €63,778 | €62,948 | -€830 | -1.3% |
| Accrued charges and deferred income | 492/3 | €480 | - | -€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,295 | €4,642 | -€2,654 | -36.4% |
| Other operating charges | 640/8 | €3,401 | €1,013 | -€2,388 | -70.2% |
| Non-recurring operating charges | 66A | €4,250 | €8,956 | +€4,706 | +111% |
| Gross operating margin | 9900 | €18,766 | €19,214 | +€448 | +2.4% |
| Operating profit (loss) | 9901 | €3,820 | €4,602 | +€783 | +20.5% |
| Financial income | 75/76B | €18,075 | €19,000 | +€925 | +5.1% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -99.8% |
| Non-recurring financial income | 76B | €18,000 | €19,000 | +€1,000 | +5.6% |
| Financial charges | 65/66B | €16,980 | €14,537 | -€2,443 | -14.4% |
| Recurring financial charges | 65 | €16,980 | €14,537 | -€2,443 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €4,915 | €9,066 | +€4,151 | +84.5% |
| Income taxes | 67/77 | €71 | - | -€71 | |
| Profit (loss) for the period | 9904 | €4,844 | €9,066 | +€4,222 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,844 | €9,066 | +€4,222 | +87.2% |
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 13 October 2026 via checked.be.