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
- Cash -€7,793
down €7,793 (-37.7%), from €20,689 to €12,897
mainly Other debts (-€20,928) and Tax, wage and social debts (-€4,823)
- Tangible fixed assets -€3,137
down €3,137 (-85.8%), from €3,656 to €519
- Other debts -€20,928
no longer reported in 2025 (was €20,928)
- Reserves +€17,428
up €17,428 (+41.6%), from €41,904 to €59,332
- Tax, wage and social debts -€4,823
down €4,823 (-22.4%), from €21,506 to €16,682
- Trade debts -€2,243
down €2,243 (-84.9%), from €2,643 to €400
- Taxes +€3,241
up €3,241 (+53.5%), from €6,059 to €9,299
- Financial income +€2,108
new in 2025: €2,108
- Other operating charges +€1,130
up €1,130 (+90.8%), from €1,244 to €2,374
- Gross operating margin +€1,011
up €1,011 (+3.4%), from €29,932 to €30,942
- Depreciation -€674
down €674 (-56.5%), from €1,193 to €519
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 | €87,980 | €77,486 | -€10,495 | -11.9% |
| Fixed assets | 21/28 | €53,656 | €50,519 | -€3,137 | -5.8% |
| Tangible fixed assets | 22/27 | €3,656 | €519 | -€3,137 | -85.8% |
| Plant, machinery and equipment | 23 | €3,656 | €519 | -€3,137 | -85.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €34,324 | €26,966 | -€7,358 | -21.4% |
| Amounts receivable within one year | 40/41 | €13,229 | €13,162 | -€67 | -0.5% |
| Trade receivables | 40 | €13,229 | €2,507 | -€10,722 | -81.0% |
| Other amounts receivable | 41 | - | €10,655 | +€10,655 | |
| Cash at bank and in hand | 54/58 | €20,689 | €12,897 | -€7,793 | -37.7% |
| Deferred charges and accrued income | 490/1 | €406 | €907 | +€501 | +123% |
| Total equity and liabilities | 10/49 | €87,980 | €77,486 | -€10,495 | -11.9% |
| Equity | 10/15 | €42,904 | €60,332 | +€17,428 | +40.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €41,904 | €59,332 | +€17,428 | +41.6% |
| Distributable reserves | 133 | €41,904 | €59,332 | +€17,428 | +41.6% |
| Amounts payable | 17/49 | €45,077 | €17,154 | -€27,922 | -61.9% |
| Amounts payable within one year | 42/48 | €45,077 | €17,082 | -€27,994 | -62.1% |
| Trade debts | 44 | €2,643 | €400 | -€2,243 | -84.9% |
| Suppliers | 440/4 | €2,643 | €400 | -€2,243 | -84.9% |
| Taxes, remuneration and social security | 45 | €21,506 | €16,682 | -€4,823 | -22.4% |
| Taxes | 450/3 | €21,506 | €16,682 | -€4,823 | -22.4% |
| Other amounts payable | 47/48 | €20,928 | - | -€20,928 | |
| Accrued charges and deferred income | 492/3 | - | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,193 | €519 | -€674 | -56.5% |
| Other operating charges | 640/8 | €1,244 | €2,374 | +€1,130 | +90.8% |
| Non-recurring operating charges | 66A | - | €2,617 | +€2,617 | |
| Gross operating margin | 9900 | €29,932 | €30,942 | +€1,011 | +3.4% |
| Operating profit (loss) | 9901 | €27,495 | €25,431 | -€2,063 | -7.5% |
| Financial income | 75/76B | - | €2,108 | +€2,108 | |
| Recurring financial income | 75 | - | €2,108 | +€2,108 | |
| Financial charges | 65/66B | €1,013 | €813 | -€200 | -19.8% |
| Recurring financial charges | 65 | €1,013 | €813 | -€200 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €26,482 | €26,727 | +€245 | +0.9% |
| Income taxes | 67/77 | €6,059 | €9,299 | +€3,241 | +53.5% |
| Profit (loss) for the period | 9904 | €20,423 | €17,428 | -€2,996 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,423 | €17,428 | -€2,996 | -14.7% |
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 21 October 2026 via checked.be.