C&E INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€77,083
down €77,083 (-30.1%), from €256,504 to €179,421
of which Land and buildings: -€49,694
- Reserves -€57,167
down €57,167 (-21.0%), from €272,618 to €215,451
of which Distributable reserves: -€57,167
- Current portion of long-term debt -€25,868
down €25,868 (-95.6%), from €27,050 to €1,182
- Other debts +€6,798
up €6,798 (+77.4%), from €8,783 to €15,581
- Trade debts +€3,475
up €3,475 (+44.4%), from €7,825 to €11,300
- Gross operating margin -€24,480
down €24,480 (-10.4%), from €235,067 to €210,587
- Staff costs +€19,640
up €19,640 (+15.6%), from €126,031 to €145,671
- Depreciation -€8,920
down €8,920 (-9.6%), from €92,868 to €83,947
- Other operating charges +€6,566
up €6,566 (+267%), from €2,463 to €9,029
- Taxes -€4,461
down €4,461 (-97.2%), from €4,590 to €128
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 | €330,013 | €253,733 | -€76,280 | -23.1% |
| Fixed assets | 21/28 | €257,521 | €179,625 | -€77,896 | -30.2% |
| Intangible fixed assets | 21 | €992 | €179 | -€813 | -81.9% |
| Tangible fixed assets | 22/27 | €256,504 | €179,421 | -€77,083 | -30.1% |
| Land and buildings | 22 | €152,240 | €102,546 | -€49,694 | -32.6% |
| Plant, machinery and equipment | 23 | €44,792 | €34,769 | -€10,023 | -22.4% |
| Furniture and vehicles | 24 | €59,473 | €42,107 | -€17,366 | -29.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €72,492 | €74,108 | +€1,616 | +2.2% |
| Stocks and contracts in progress | 3 | €18,962 | €18,808 | -€154 | -0.8% |
| Stocks | 30/36 | €18,962 | €18,808 | -€154 | -0.8% |
| Amounts receivable within one year | 40/41 | €13,151 | €16,398 | +€3,247 | +24.7% |
| Trade receivables | 40 | €3,397 | €11,970 | +€8,573 | +252% |
| Other amounts receivable | 41 | €9,754 | €4,428 | -€5,327 | -54.6% |
| Cash at bank and in hand | 54/58 | €37,244 | €36,298 | -€945 | -2.5% |
| Deferred charges and accrued income | 490/1 | €3,135 | €2,604 | -€531 | -16.9% |
| Total equity and liabilities | 10/49 | €330,013 | €253,733 | -€76,280 | -23.1% |
| Equity | 10/15 | €277,618 | €220,451 | -€57,167 | -20.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €272,618 | €215,451 | -€57,167 | -21.0% |
| Tax-exempt reserves | 132 | €851 | €851 | = | 0.0% |
| Distributable reserves | 133 | €271,767 | €214,599 | -€57,167 | -21.0% |
| Amounts payable | 17/49 | €52,395 | €33,282 | -€19,112 | -36.5% |
| Amounts payable after more than one year | 17 | €1,182 | - | -€1,182 | |
| Financial debts | 170/4 | €1,182 | - | -€1,182 | |
| Amounts payable within one year | 42/48 | €51,213 | €33,282 | -€17,930 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €27,050 | €1,182 | -€25,868 | -95.6% |
| Trade debts | 44 | €7,825 | €11,300 | +€3,475 | +44.4% |
| Suppliers | 440/4 | €7,825 | €11,300 | +€3,475 | +44.4% |
| Taxes, remuneration and social security | 45 | €7,554 | €5,219 | -€2,335 | -30.9% |
| Taxes | 450/3 | €4,088 | €5,119 | +€1,031 | +25.2% |
| Remuneration and social security | 454/9 | €3,466 | €101 | -€3,366 | -97.1% |
| Other amounts payable | 47/48 | €8,783 | €15,581 | +€6,798 | +77.4% |
| Remuneration, social security and pensions | 62 | €126,031 | €145,671 | +€19,640 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,868 | €83,947 | -€8,920 | -9.6% |
| Other operating charges | 640/8 | €2,463 | €9,029 | +€6,566 | +267% |
| Gross operating margin | 9900 | €235,067 | €210,587 | -€24,480 | -10.4% |
| Operating profit (loss) | 9901 | €13,705 | -€28,060 | -€41,765 | |
| Financial income | 75/76B | €1,002 | €498 | -€504 | -50.3% |
| Recurring financial income | 75 | €1,002 | €498 | -€504 | -50.3% |
| Financial charges | 65/66B | €3,062 | €1,747 | -€1,316 | -43.0% |
| Recurring financial charges | 65 | €3,062 | €1,747 | -€1,316 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €11,645 | -€29,308 | -€40,953 | |
| Income taxes | 67/77 | €4,590 | €128 | -€4,461 | -97.2% |
| Profit (loss) for the period | 9904 | €7,055 | -€29,437 | -€36,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,055 | -€29,437 | -€36,492 |
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.