C ET 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 ET E
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€4,448
down €4,448 (-6.0%), from €74,659 to €70,211
- Trade debts +€3,755
up €3,755 (+95.4%), from €3,936 to €7,691
- Profit (loss) carried forward -€2,793
down €2,793, from €0 to -€2,793
- Gross operating margin -€9,029
down €9,029 (-62.2%), from €14,519 to €5,489
- Financial charges +€2,703
up €2,703 (+113%), from €2,395 to €5,098
- Depreciation -€2,046
down €2,046 (-97.2%), from €2,106 to €60
- Taxes -€523
down €523 (-100%), from €523 to €0
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 | €169,677 | €166,147 | -€3,531 | -2.1% |
| Fixed assets | 21/28 | €10,992 | €10,932 | -€60 | -0.5% |
| Tangible fixed assets | 22/27 | €10,992 | €10,932 | -€60 | -0.5% |
| Land and buildings | 22 | €10,992 | €10,932 | -€60 | -0.5% |
| Current assets | 29/58 | €158,686 | €155,215 | -€3,471 | -2.2% |
| Amounts receivable within one year | 40/41 | €1,456 | €0 | -€1,456 | -100% |
| Other amounts receivable | 41 | €1,456 | €0 | -€1,456 | -100% |
| Cash at bank and in hand | 54/58 | €147,109 | €145,695 | -€1,415 | -1.0% |
| Deferred charges and accrued income | 490/1 | €10,120 | €9,520 | -€600 | -5.9% |
| Total equity and liabilities | 10/49 | €169,677 | €166,147 | -€3,531 | -2.1% |
| Equity | 10/15 | €88,343 | €85,549 | -€2,793 | -3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €26,843 | €26,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €20,693 | €20,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,793 | -€2,793 | |
| Amounts payable | 17/49 | €81,335 | €80,598 | -€737 | -0.9% |
| Amounts payable within one year | 42/48 | €79,118 | €78,425 | -€693 | -0.9% |
| Trade debts | 44 | €3,936 | €7,691 | +€3,755 | +95.4% |
| Suppliers | 440/4 | €3,936 | €7,691 | +€3,755 | +95.4% |
| Taxes, remuneration and social security | 45 | €523 | €523 | = | 0.0% |
| Taxes | 450/3 | €523 | €523 | = | 0.0% |
| Other amounts payable | 47/48 | €74,659 | €70,211 | -€4,448 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,217 | €2,173 | -€44 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,106 | €60 | -€2,046 | -97.2% |
| Other operating charges | 640/8 | €3,036 | €3,125 | +€89 | +2.9% |
| Gross operating margin | 9900 | €14,519 | €5,489 | -€9,029 | -62.2% |
| Operating profit (loss) | 9901 | €9,377 | €2,305 | -€7,072 | -75.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,395 | €5,098 | +€2,703 | +113% |
| Recurring financial charges | 65 | €2,395 | €5,098 | +€2,703 | +113% |
| Profit (loss) for the period before taxes | 9903 | €6,982 | -€2,793 | -€9,776 | |
| Income taxes | 67/77 | €523 | €0 | -€523 | -100% |
| Profit (loss) for the period | 9904 | €6,459 | -€2,793 | -€9,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,459 | -€2,793 | -€9,252 |
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 17 October 2026 via checked.be.