C-Estate: 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-Estate
Largest movements
- Receivables within one year +€653,929
up €653,929 (+5,473%), from €11,949 to €665,878
of which Other amounts receivable: +€653,481
- Reserves +€679,150
up €679,150 (+30.8%), from €2.2m to €2.9m
- Debts after one year -€601,747
down €601,747 (-9.3%), from €6.5m to €5.9m
- Current portion of long-term debt +€594,431
up €594,431 (+101%), from €591,107 to €1.2m
- Financial charges -€10,354
down €10,354 (-8.2%), from €126,104 to €115,750
- Gross operating margin +€6,332
up €6,332 (+4.5%), from €139,694 to €146,026
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 | €9,300,055 | €9,933,844 | +€633,789 | +6.8% |
| Fixed assets | 21/28 | €9,216,000 | €9,216,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,216,000 | €9,216,000 | = | 0.0% |
| Current assets | 29/58 | €84,055 | €717,844 | +€633,789 | +754% |
| Amounts receivable within one year | 40/41 | €11,949 | €665,878 | +€653,929 | +5,473% |
| Trade receivables | 40 | €11,883 | €12,331 | +€448 | +3.8% |
| Other amounts receivable | 41 | €66 | €653,547 | +€653,481 | +996,616% |
| Cash at bank and in hand | 54/58 | €72,106 | €51,966 | -€20,140 | -27.9% |
| Total equity and liabilities | 10/49 | €9,300,055 | €9,933,844 | +€633,789 | +6.8% |
| Equity | 10/15 | €2,210,918 | €2,890,068 | +€679,150 | +30.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,207,918 | €2,887,068 | +€679,150 | +30.8% |
| Distributable reserves | 133 | €2,207,918 | €2,887,068 | +€679,150 | +30.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,089,137 | €7,043,776 | -€45,361 | -0.6% |
| Amounts payable after more than one year | 17 | €6,459,985 | €5,858,238 | -€601,747 | -9.3% |
| Financial debts | 170/4 | €6,459,985 | €5,858,238 | -€601,747 | -9.3% |
| Amounts payable within one year | 42/48 | €629,152 | €1,185,538 | +€556,386 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €591,107 | €1,185,538 | +€594,431 | +101% |
| Other amounts payable | 47/48 | €38,045 | €0 | -€38,045 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €139,694 | €146,026 | +€6,332 | +4.5% |
| Operating profit (loss) | 9901 | €138,600 | €144,899 | +€6,299 | +4.5% |
| Financial income | 75/76B | €650,000 | €650,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €650,000 | €650,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €126,104 | €115,750 | -€10,354 | -8.2% |
| Recurring financial charges | 65 | €126,104 | €115,750 | -€10,354 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €662,496 | €679,150 | +€16,654 | +2.5% |
| Profit (loss) for the period | 9904 | €662,496 | €679,150 | +€16,654 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €662,496 | €679,150 | +€16,654 | +2.5% |
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 15 October 2026 via checked.be.