C et M: what changed
Two fiscal 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 M
Largest movements
- Receivables within one year +€8,521
up €8,521 (+4.4%), from €194,542 to €203,064
- Profit (loss) carried forward +€8,838
up €8,838 (+39.6%), from €22,308 to €31,147
- Trade debts -€2,707
no longer reported in 2025 (was €2,707)
- Other debts +€2,513
new in 2025: €2,513
- Financial income -€8,617
down €8,617 (-91.2%), from €9,444 to €827
- Depreciation -€2,471
down €2,471 (-55.6%), from €4,445 to €1,974
- Taxes -€1,652
down €1,652 (-32.2%), from €5,137 to €3,485
- Other operating charges +€430
up €430 (+14.6%), from €2,945 to €3,375
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 | €225,046 | €234,094 | +€9,049 | +4.0% |
| Fixed assets | 21/28 | €29,882 | €27,909 | -€1,974 | -6.6% |
| Tangible fixed assets | 22/27 | €29,862 | €27,889 | -€1,974 | -6.6% |
| Land and buildings | 22 | €28,484 | €26,743 | -€1,741 | -6.1% |
| Plant, machinery and equipment | 23 | €1,378 | €1,145 | -€233 | -16.9% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €195,163 | €206,185 | +€11,022 | +5.6% |
| Amounts receivable within one year | 40/41 | €194,542 | €203,064 | +€8,521 | +4.4% |
| Other amounts receivable | 41 | €194,542 | €203,064 | +€8,521 | +4.4% |
| Cash at bank and in hand | 54/58 | €225 | €2,314 | +€2,089 | +926.6% |
| Deferred charges and accrued income | 490/1 | €395 | €808 | +€412 | +104.2% |
| Total equity and liabilities | 10/49 | €225,046 | €234,094 | +€9,049 | +4.0% |
| Equity | 10/15 | €216,233 | €225,537 | +€9,303 | +4.3% |
| Contributions | 10/11 | €192,751 | €192,751 | = | 0.0% |
| Capital | 10 | €192,751 | €192,751 | = | 0.0% |
| Issued capital | 100 | €192,751 | €192,751 | = | 0.0% |
| Reserves | 13 | €1,174 | €1,639 | +€465 | +39.6% |
| Non-distributable reserves | 130/1 | €1,174 | €1,639 | +€465 | +39.6% |
| Legal reserve | 130 | €1,174 | €1,639 | +€465 | +39.6% |
| Profit (loss) carried forward | 14 | €22,308 | €31,147 | +€8,838 | +39.6% |
| Amounts payable | 17/49 | €8,813 | €8,558 | -€255 | -2.9% |
| Amounts payable within one year | 42/48 | €7,845 | €5,997 | -€1,847 | -23.5% |
| Trade debts | 44 | €2,707 | - | -€2,707 | |
| Suppliers | 440/4 | €2,707 | - | -€2,707 | |
| Taxes, remuneration and social security | 45 | €5,137 | €3,485 | -€1,652 | -32.2% |
| Taxes | 450/3 | €5,137 | €3,485 | -€1,652 | -32.2% |
| Other amounts payable | 47/48 | - | €2,513 | +€2,513 | |
| Accrued charges and deferred income | 492/3 | €968 | €2,561 | +€1,593 | +164.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,445 | €1,974 | -€2,471 | -55.6% |
| Other operating charges | 640/8 | €2,945 | €3,375 | +€430 | +14.6% |
| Gross operating margin | 9900 | €17,286 | €17,440 | +€154 | +0.9% |
| Operating profit (loss) | 9901 | €9,896 | €12,091 | +€2,195 | +22.2% |
| Financial income | 75/76B | €9,444 | €827 | -€8,617 | -91.2% |
| Recurring financial income | 75 | €9,444 | €827 | -€8,617 | -91.2% |
| Financial charges | 65/66B | €233 | €130 | -€103 | -44.1% |
| Recurring financial charges | 65 | €233 | €130 | -€103 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €19,107 | €12,788 | -€6,319 | -33.1% |
| Income taxes | 67/77 | €5,137 | €3,485 | -€1,652 | -32.2% |
| Profit (loss) for the period | 9904 | €13,970 | €9,303 | -€4,667 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,970 | €9,303 | -€4,667 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.