C-Focus: 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-Focus
Largest movements
- Cash +€37,531
up €37,531 (+20.2%), from €185,341 to €222,873
mainly Net result for the year (+€65,236) and Other debts (+€9,886)
- Financial fixed assets +€15,000
up €15,000 (+30.0%), from €50,000 to €65,000
- Current investments +€10,320
up €10,320 (+2.6%), from €394,126 to €404,447
- Reserves +€65,236
up €65,236 (+11.1%), from €588,339 to €653,576
- Tax, wage and social debts -€16,307
down €16,307 (-50.3%), from €32,415 to €16,108
- Other debts +€9,886
up €9,886 (+29.9%), from €33,095 to €42,981
- Gross operating margin +€26,196
up €26,196 (+32.7%), from €80,125 to €106,321
- Taxes +€6,922
up €6,922 (+28.0%), from €24,708 to €31,630
- Financial income -€1,434
down €1,434 (-100.0%), from €1,434 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.
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 | €674,208 | €735,533 | +€61,325 | +9.1% |
| Fixed assets | 21/28 | €76,396 | €87,016 | +€10,619 | +13.9% |
| Tangible fixed assets | 22/27 | €26,396 | €22,016 | -€4,381 | -16.6% |
| Plant, machinery and equipment | 23 | €1,417 | €729 | -€687 | -48.5% |
| Furniture and vehicles | 24 | €21,058 | €17,364 | -€3,693 | -17.5% |
| Other tangible fixed assets | 26 | €3,922 | €3,922 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €65,000 | +€15,000 | +30.0% |
| Current assets | 29/58 | €597,811 | €648,517 | +€50,706 | +8.5% |
| Amounts receivable within one year | 40/41 | €16,449 | €19,530 | +€3,081 | +18.7% |
| Trade receivables | 40 | €15,625 | €19,530 | +€3,905 | +25.0% |
| Other amounts receivable | 41 | €824 | €0 | -€824 | -100.0% |
| Current investments | 50/53 | €394,126 | €404,447 | +€10,320 | +2.6% |
| Cash at bank and in hand | 54/58 | €185,341 | €222,873 | +€37,531 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,668 | -€227 | -12.0% |
| Total equity and liabilities | 10/49 | €674,208 | €735,533 | +€61,325 | +9.1% |
| Equity | 10/15 | €606,889 | €672,126 | +€65,236 | +10.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €588,339 | €653,576 | +€65,236 | +11.1% |
| Distributable reserves | 133 | €588,339 | €653,576 | +€65,236 | +11.1% |
| Amounts payable | 17/49 | €67,318 | €63,407 | -€3,911 | -5.8% |
| Amounts payable within one year | 42/48 | €65,510 | €60,486 | -€5,024 | -7.7% |
| Trade debts | 44 | €0 | €1,397 | +€1,397 | |
| Suppliers | 440/4 | €0 | €1,397 | +€1,397 | |
| Taxes, remuneration and social security | 45 | €32,415 | €16,108 | -€16,307 | -50.3% |
| Taxes | 450/3 | €32,415 | €16,108 | -€16,307 | -50.3% |
| Other amounts payable | 47/48 | €33,095 | €42,981 | +€9,886 | +29.9% |
| Accrued charges and deferred income | 492/3 | €1,808 | €2,921 | +€1,112 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,381 | €4,381 | = | 0.0% |
| Other operating charges | 640/8 | €1,388 | €1,105 | -€283 | -20.4% |
| Gross operating margin | 9900 | €80,125 | €106,321 | +€26,196 | +32.7% |
| Operating profit (loss) | 9901 | €74,357 | €100,836 | +€26,479 | +35.6% |
| Financial income | 75/76B | €1,434 | €0 | -€1,434 | -100.0% |
| Recurring financial income | 75 | €1,434 | €0 | -€1,434 | -100.0% |
| Financial charges | 65/66B | €4,094 | €3,969 | -€125 | -3.1% |
| Recurring financial charges | 65 | €4,094 | €3,969 | -€125 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €71,697 | €96,866 | +€25,170 | +35.1% |
| Income taxes | 67/77 | €24,708 | €31,630 | +€6,922 | +28.0% |
| Profit (loss) for the period | 9904 | €46,989 | €65,236 | +€18,248 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,989 | €65,236 | +€18,248 | +38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.