C&G: 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&G
Largest movements
- Receivables within one year +€168,085
up €168,085 (+8.9%), from €1.9m to €2.1m
of which Trade receivables: +€261,135
- Cash -€41,485
down €41,485 (-9.3%), from €445,485 to €404,001
mainly Other debts (-€242,368) and Receivables within one year (-€168,085)
- Deferred charges and accrued income +€29,804
up €29,804 (+104%), from €28,594 to €58,397
- Tax, wage and social debts +€299,526
up €299,526 (+54.4%), from €550,698 to €850,223
of which Remuneration and social security: +€298,968
- Other debts -€242,368
down €242,368 (-97.3%), from €249,008 to €6,640
- Trade debts +€71,905
up €71,905 (+126%), from €57,188 to €129,093
- Staff costs +€790,371
up €790,371 (+9.8%), from €8.1m to €8.9m
- Gross operating margin +€454,831
up €454,831 (+5.3%), from €8.6m to €9.1m
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 | €2,559,148 | €2,690,186 | +€131,037 | +5.1% |
| Fixed assets | 21/28 | €202,537 | €177,170 | -€25,367 | -12.5% |
| Tangible fixed assets | 22/27 | €202,497 | €177,130 | -€25,367 | -12.5% |
| Land and buildings | 22 | €165,241 | €149,751 | -€15,490 | -9.4% |
| Plant, machinery and equipment | 23 | €8,687 | €6,627 | -€2,060 | -23.7% |
| Furniture and vehicles | 24 | €28,569 | €20,752 | -€7,817 | -27.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €2,356,611 | €2,513,016 | +€156,405 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,882,532 | €2,050,617 | +€168,085 | +8.9% |
| Trade receivables | 40 | €1,279,551 | €1,540,686 | +€261,135 | +20.4% |
| Other amounts receivable | 41 | €602,981 | €509,932 | -€93,049 | -15.4% |
| Cash at bank and in hand | 54/58 | €445,485 | €404,001 | -€41,485 | -9.3% |
| Deferred charges and accrued income | 490/1 | €28,594 | €58,397 | +€29,804 | +104% |
| Total equity and liabilities | 10/49 | €2,559,148 | €2,690,186 | +€131,037 | +5.1% |
| Equity | 10/15 | €1,696,519 | €1,699,265 | +€2,746 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,690,319 | €1,693,065 | +€2,746 | +0.2% |
| Tax-exempt reserves | 132 | €75,331 | - | -€75,331 | |
| Distributable reserves | 133 | €1,614,988 | €1,693,065 | +€78,078 | +4.8% |
| Amounts payable | 17/49 | €862,629 | €990,920 | +€128,291 | +14.9% |
| Amounts payable within one year | 42/48 | €856,893 | €985,956 | +€129,062 | +15.1% |
| Trade debts | 44 | €57,188 | €129,093 | +€71,905 | +126% |
| Suppliers | 440/4 | €57,188 | €129,093 | +€71,905 | +126% |
| Taxes, remuneration and social security | 45 | €550,698 | €850,223 | +€299,526 | +54.4% |
| Taxes | 450/3 | €379 | €937 | +€558 | +147% |
| Remuneration and social security | 454/9 | €550,318 | €849,286 | +€298,968 | +54.3% |
| Other amounts payable | 47/48 | €249,008 | €6,640 | -€242,368 | -97.3% |
| Accrued charges and deferred income | 492/3 | €5,736 | €4,964 | -€771 | -13.4% |
| Non-recurring operating income | 76A | - | €4,977 | +€4,977 | |
| Remuneration, social security and pensions | 62 | €8,080,033 | €8,870,404 | +€790,371 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,018 | €27,128 | +€110 | +0.4% |
| Other operating charges | 640/8 | €8,028 | €5,465 | -€2,563 | -31.9% |
| Non-recurring operating charges | 66A | - | €65,165 | +€65,165 | |
| Gross operating margin | 9900 | €8,609,771 | €9,064,602 | +€454,831 | +5.3% |
| Operating profit (loss) | 9901 | €494,693 | €96,441 | -€398,252 | -80.5% |
| Financial income | 75/76B | €2,163 | €2,085 | -€78 | -3.6% |
| Recurring financial income | 75 | €2,163 | €2,085 | -€78 | -3.6% |
| Financial charges | 65/66B | €4,289 | €4,001 | -€288 | -6.7% |
| Recurring financial charges | 65 | €4,289 | €4,001 | -€288 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €492,567 | €94,524 | -€398,042 | -80.8% |
| Income taxes | 67/77 | €102,025 | €91,778 | -€10,247 | -10.0% |
| Profit (loss) for the period | 9904 | €390,542 | €2,746 | -€387,796 | -99.3% |
| Transfer from tax-exempt reserves | 789 | - | €75,331 | +€75,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €390,542 | €78,078 | -€312,464 | -80.0% |
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 16 October 2026 via checked.be.