C- Factory: 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- Factory
Largest movements
- Receivables within one year -€27,447
down €27,447 (-73.2%), from €37,472 to €10,025
of which Trade receivables: -€17,502
- Cash -€25,381
down €25,381 (-60.3%), from €42,117 to €16,736
mainly Net result for the year (-€46,944) and Trade debts (-€15,331)
- Tangible fixed assets -€11,555
down €11,555 (-24.8%), from €46,602 to €35,047
- Deferred charges and accrued income +€3,046
up €3,046 (+612%), from €498 to €3,543
- Profit (loss) carried forward -€46,944
down €46,944 (-143%), from -€32,724 to -€79,668
- Trade debts -€15,331
down €15,331 (-68.0%), from €22,545 to €7,214
- Other debts +€8,923
up €8,923 (+32.6%), from €27,337 to €36,260
- Debts after one year -€7,601
down €7,601 (-18.2%), from €41,769 to €34,167
- Gross operating margin -€28,188
down €28,188, from €7,646 to -€20,542
- Taxes +€9,928
up €9,928 (+2,182%), from €455 to €10,383
- Depreciation -€1,324
down €1,324 (-10.3%), from €12,879 to €11,555
- Other operating charges -€324
down €324 (-12.3%), from €2,633 to €2,308
- Financial charges -€320
down €320 (-12.6%), from €2,543 to €2,223
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 | €126,688 | €65,352 | -€61,337 | -48.4% |
| Fixed assets | 21/28 | €46,602 | €35,047 | -€11,555 | -24.8% |
| Tangible fixed assets | 22/27 | €46,602 | €35,047 | -€11,555 | -24.8% |
| Land and buildings | 22 | €29,210 | €24,130 | -€5,080 | -17.4% |
| Plant, machinery and equipment | 23 | €11,879 | €7,168 | -€4,711 | -39.7% |
| Furniture and vehicles | 24 | €5,513 | €3,749 | -€1,764 | -32.0% |
| Current assets | 29/58 | €80,086 | €30,305 | -€49,782 | -62.2% |
| Amounts receivable within one year | 40/41 | €37,472 | €10,025 | -€27,447 | -73.2% |
| Trade receivables | 40 | €27,527 | €10,025 | -€17,502 | -63.6% |
| Other amounts receivable | 41 | €9,945 | - | -€9,945 | |
| Cash at bank and in hand | 54/58 | €42,117 | €16,736 | -€25,381 | -60.3% |
| Deferred charges and accrued income | 490/1 | €498 | €3,543 | +€3,046 | +612% |
| Total equity and liabilities | 10/49 | €126,688 | €65,352 | -€61,337 | -48.4% |
| Equity | 10/15 | €8,212 | -€38,732 | -€46,944 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,736 | €34,736 | = | 0.0% |
| Distributable reserves | 133 | €34,736 | €34,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,724 | -€79,668 | -€46,944 | -143% |
| Amounts payable | 17/49 | €118,476 | €104,084 | -€14,393 | -12.1% |
| Amounts payable after more than one year | 17 | €41,769 | €34,167 | -€7,601 | -18.2% |
| Financial debts | 170/4 | €41,769 | €34,167 | -€7,601 | -18.2% |
| Amounts payable within one year | 42/48 | €76,708 | €69,916 | -€6,791 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €7,322 | €7,601 | +€279 | +3.8% |
| Financial debts | 43 | €3,528 | €3,540 | +€12 | +0.3% |
| Credit institutions | 430/8 | €3,528 | €3,540 | +€12 | +0.3% |
| Trade debts | 44 | €22,545 | €7,214 | -€15,331 | -68.0% |
| Suppliers | 440/4 | €22,545 | €7,214 | -€15,331 | -68.0% |
| Taxes, remuneration and social security | 45 | €15,976 | €15,301 | -€675 | -4.2% |
| Taxes | 450/3 | €13,854 | €13,301 | -€553 | -4.0% |
| Remuneration and social security | 454/9 | €2,122 | €2,000 | -€122 | -5.8% |
| Other amounts payable | 47/48 | €27,337 | €36,260 | +€8,923 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,879 | €11,555 | -€1,324 | -10.3% |
| Other operating charges | 640/8 | €2,633 | €2,308 | -€324 | -12.3% |
| Gross operating margin | 9900 | €7,646 | -€20,542 | -€28,188 | |
| Operating profit (loss) | 9901 | -€7,865 | -€34,405 | -€26,540 | -337% |
| Financial income | 75/76B | €112 | €67 | -€45 | -40.1% |
| Recurring financial income | 75 | €112 | €67 | -€45 | -40.1% |
| Financial charges | 65/66B | €2,543 | €2,223 | -€320 | -12.6% |
| Recurring financial charges | 65 | €2,543 | €2,223 | -€320 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,296 | -€36,561 | -€26,265 | -255% |
| Income taxes | 67/77 | €455 | €10,383 | +€9,928 | +2,182% |
| Profit (loss) for the period | 9904 | -€10,751 | -€46,944 | -€36,193 | -337% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,751 | -€46,944 | -€36,193 | -337% |
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 18 October 2026 via checked.be.