C-Estates: 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-Estates
Largest movements
- Receivables within one year +€39,146
up €39,146 (+851.4%), from €4,598 to €43,744
of which Trade receivables: +€33,600
- Tangible fixed assets +€39,104
up €39,104 (+5.9%), from €667,234 to €706,338
of which Furniture and vehicles: +€74,768
- Cash +€9,767
up €9,767 (+22.8%), from €42,813 to €52,579
mainly Depreciation (+€58,496) and Net result for the year (+€34,162)
- Profit (loss) carried forward +€34,162
up €34,162 (+16.0%), from €213,166 to €247,328
- Tax, wage and social debts +€17,092
up €17,092 (+186.1%), from €9,185 to €26,277
of which Taxes: +€13,123
- Trade debts +€16,128
up €16,128 (+445.0%), from €3,624 to €19,753
- Current portion of long-term debt +€14,544
up €14,544 (+31.2%), from €46,629 to €61,173
- Accrued charges and deferred income +€10,620
up €10,620 (+444.7%), from €2,388 to €13,008
- Gross operating margin -€120,638
down €120,638 (-46.5%), from €259,213 to €138,575
- Depreciation +€18,820
up €18,820 (+47.4%), from €39,676 to €58,496
- Taxes -€16,908
down €16,908 (-49.0%), from €34,521 to €17,613
- Other operating charges +€4,300
up €4,300 (+68.3%), from €6,295 to €10,595
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.
Cash bridge derived
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 | €747,003 | €838,494 | +€91,491 | +12.2% |
| Fixed assets | 21/28 | €670,234 | €709,338 | +€39,104 | +5.8% |
| Tangible fixed assets | 22/27 | €667,234 | €706,338 | +€39,104 | +5.9% |
| Land and buildings | 22 | €667,234 | €631,571 | -€35,663 | -5.3% |
| Furniture and vehicles | 24 | - | €74,768 | +€74,768 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €76,770 | €129,156 | +€52,386 | +68.2% |
| Stocks and contracts in progress | 3 | €26,927 | €26,927 | = | 0.0% |
| Stocks | 30/36 | €26,927 | €26,927 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,598 | €43,744 | +€39,146 | +851.4% |
| Trade receivables | 40 | - | €33,600 | +€33,600 | |
| Other amounts receivable | 41 | €4,598 | €10,144 | +€5,546 | +120.6% |
| Cash at bank and in hand | 54/58 | €42,813 | €52,579 | +€9,767 | +22.8% |
| Deferred charges and accrued income | 490/1 | €2,432 | €5,906 | +€3,473 | +142.8% |
| Total equity and liabilities | 10/49 | €747,003 | €838,494 | +€91,491 | +12.2% |
| Equity | 10/15 | €251,666 | €285,828 | +€34,162 | +13.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,166 | €247,328 | +€34,162 | +16.0% |
| Amounts payable | 17/49 | €495,337 | €552,666 | +€57,329 | +11.6% |
| Amounts payable after more than one year | 17 | €140,481 | €142,704 | +€2,223 | +1.6% |
| Financial debts | 170/4 | €140,481 | €142,704 | +€2,223 | +1.6% |
| Amounts payable within one year | 42/48 | €352,468 | €396,953 | +€44,485 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €46,629 | €61,173 | +€14,544 | +31.2% |
| Trade debts | 44 | €3,624 | €19,753 | +€16,128 | +445.0% |
| Suppliers | 440/4 | €3,624 | €19,753 | +€16,128 | +445.0% |
| Taxes, remuneration and social security | 45 | €9,185 | €26,277 | +€17,092 | +186.1% |
| Taxes | 450/3 | €9,185 | €22,308 | +€13,123 | +142.9% |
| Remuneration and social security | 454/9 | - | €3,969 | +€3,969 | |
| Other amounts payable | 47/48 | €293,030 | €289,750 | -€3,279 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,388 | €13,008 | +€10,620 | +444.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,676 | €58,496 | +€18,820 | +47.4% |
| Other operating charges | 640/8 | €6,295 | €10,595 | +€4,300 | +68.3% |
| Gross operating margin | 9900 | €259,213 | €138,575 | -€120,638 | -46.5% |
| Operating profit (loss) | 9901 | €213,242 | €69,484 | -€143,758 | -67.4% |
| Financial income | 75/76B | €57 | €99 | +€42 | +73.6% |
| Recurring financial income | 75 | €57 | €99 | +€42 | +73.6% |
| Financial charges | 65/66B | €20,015 | €17,808 | -€2,206 | -11.0% |
| Recurring financial charges | 65 | €20,015 | €17,808 | -€2,206 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €193,285 | €51,775 | -€141,510 | -73.2% |
| Income taxes | 67/77 | €34,521 | €17,613 | -€16,908 | -49.0% |
| Profit (loss) for the period | 9904 | €158,764 | €34,162 | -€124,602 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €158,764 | €34,162 | -€124,602 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.