C-FINANCE: 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-FINANCE
Largest movements
- Receivables within one year +€16,848
up €16,848 (+66.7%), from €25,254 to €42,102
of which Other amounts receivable: +€10,263
- Cash +€1,840
up €1,840 (+26.4%), from €6,965 to €8,805
mainly Net result for the year (+€22,763) and Advances received (+€5,203)
- Deferred charges and accrued income +€628
up €628 (+70.2%), from €895 to €1,524
- Reserves +€8,643
up €8,643 (+35.0%), from €24,690 to €33,332
- Advances received +€5,203
new in 2025: €5,203
- Tax, wage and social debts +€3,993
up €3,993 (+81.0%), from €4,930 to €8,924
- Short-term financial debts +€1,446
up €1,446 (+326%), from €444 to €1,890
- Gross operating margin +€17,798
up €17,798 (+144%), from €12,398 to €30,197
- Taxes +€4,178
up €4,178 (+159%), from €2,636 to €6,814
- Other operating charges -€761
down €761 (-75.0%), from €1,014 to €253
- Financial charges +€333
up €333 (+23.7%), from €1,407 to €1,740
- Financial income +€321
up €321 (+30.5%), from €1,052 to €1,373
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 | €33,115 | €52,430 | +€19,316 | +58.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €33,115 | €52,430 | +€19,316 | +58.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,254 | €42,102 | +€16,848 | +66.7% |
| Trade receivables | 40 | - | €6,585 | +€6,585 | |
| Other amounts receivable | 41 | €25,254 | €35,517 | +€10,263 | +40.6% |
| Cash at bank and in hand | 54/58 | €6,965 | €8,805 | +€1,840 | +26.4% |
| Deferred charges and accrued income | 490/1 | €895 | €1,524 | +€628 | +70.2% |
| Total equity and liabilities | 10/49 | €33,115 | €52,430 | +€19,316 | +58.3% |
| Equity | 10/15 | €26,190 | €34,832 | +€8,643 | +33.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,690 | €33,332 | +€8,643 | +35.0% |
| Distributable reserves | 133 | €24,690 | €33,332 | +€8,643 | +35.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,925 | €17,598 | +€10,673 | +154% |
| Amounts payable within one year | 42/48 | €6,925 | €17,598 | +€10,673 | +154% |
| Financial debts | 43 | €444 | €1,890 | +€1,446 | +326% |
| Credit institutions | 430/8 | €444 | €1,890 | +€1,446 | +326% |
| Trade debts | 44 | €1,551 | €1,323 | -€227 | -14.7% |
| Suppliers | 440/4 | €1,551 | €1,323 | -€227 | -14.7% |
| Advances received on contracts in progress | 46 | - | €5,203 | +€5,203 | |
| Taxes, remuneration and social security | 45 | €4,930 | €8,924 | +€3,993 | +81.0% |
| Taxes | 450/3 | €4,930 | €8,924 | +€3,993 | +81.0% |
| Other amounts payable | 47/48 | €0 | €258 | +€258 | |
| Non-recurring operating income | 76A | - | €931 | +€931 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €0 | -€316 | -100% |
| Other operating charges | 640/8 | €1,014 | €253 | -€761 | -75.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,398 | €30,197 | +€17,798 | +144% |
| Operating profit (loss) | 9901 | €11,069 | €29,944 | +€18,875 | +171% |
| Financial income | 75/76B | €1,052 | €1,373 | +€321 | +30.5% |
| Recurring financial income | 75 | €1,052 | €1,373 | +€321 | +30.5% |
| Financial charges | 65/66B | €1,407 | €1,740 | +€333 | +23.7% |
| Recurring financial charges | 65 | €1,407 | €1,740 | +€333 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €10,714 | €29,577 | +€18,863 | +176% |
| Income taxes | 67/77 | €2,636 | €6,814 | +€4,178 | +159% |
| Profit (loss) for the period | 9904 | €8,078 | €22,763 | +€14,685 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €8,078 | €22,763 | +€14,685 | +182% |
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 29 October 2026 via checked.be.