C&G: 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&G
Largest movements
- Tangible fixed assets -€34,044
down €34,044 (-16.7%), from €203,461 to €169,417
of which Land and buildings: -€23,295
- Receivables within one year +€12,940
up €12,940 (+98.4%), from €13,153 to €26,093
of which Other amounts receivable: +€12,287
- Cash -€3,124
down €3,124 (-49.1%), from €6,361 to €3,237
mainly Debts after one year (-€38,304) and Receivables within one year (-€12,940)
- Debts after one year -€38,304
down €38,304 (-13.2%), from €290,096 to €251,792
of which Financial debts: -€35,502
- Reserves +€24,214
up €24,214 (+148.3%), from €16,327 to €40,541
of which Distributable reserves: +€24,214
- Other debts -€7,737
down €7,737 (-100.0%), from €7,737 to €0
- Current portion of long-term debt -€4,169
down €4,169 (-10.5%), from €39,671 to €35,502
- Tax, wage and social debts +€3,231
up €3,231 (+58.9%), from €5,489 to €8,720
- Gross operating margin +€54,408
up €54,408 (+229.9%), from €23,669 to €78,077
- Taxes +€2,455
up €2,455 (+1715.3%), from €143 to €2,598
- Financial income -€2,209
down €2,209 (-61.2%), from €3,608 to €1,399
- Financial charges -€1,179
down €1,179 (-7.0%), from €16,785 to €15,607
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 | €279,218 | €255,682 | -€23,536 | -8.4% |
| Fixed assets | 21/28 | €203,461 | €169,417 | -€34,044 | -16.7% |
| Tangible fixed assets | 22/27 | €203,461 | €169,417 | -€34,044 | -16.7% |
| Land and buildings | 22 | €182,625 | €159,330 | -€23,295 | -12.8% |
| Plant, machinery and equipment | 23 | €47 | €0 | -€47 | -100.0% |
| Leasing and similar rights | 25 | €20,789 | €10,087 | -€10,702 | -51.5% |
| Current assets | 29/58 | €75,757 | €86,265 | +€10,508 | +13.9% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,153 | €26,093 | +€12,940 | +98.4% |
| Trade receivables | 40 | €12,899 | €13,552 | +€653 | +5.1% |
| Other amounts receivable | 41 | €254 | €12,541 | +€12,287 | +4829.0% |
| Cash at bank and in hand | 54/58 | €6,361 | €3,237 | -€3,124 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,935 | +€692 | +55.6% |
| Total equity and liabilities | 10/49 | €279,218 | €255,682 | -€23,536 | -8.4% |
| Equity | 10/15 | -€70,853 | -€46,640 | +€24,214 | +34.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €16,327 | €40,541 | +€24,214 | +148.3% |
| Tax-exempt reserves | 132 | €16,327 | €16,327 | = | 0.0% |
| Distributable reserves | 133 | - | €24,214 | +€24,214 | |
| Profit (loss) carried forward | 14 | -€112,180 | -€112,180 | = | 0.0% |
| Amounts payable | 17/49 | €350,071 | €302,322 | -€47,750 | -13.6% |
| Amounts payable after more than one year | 17 | €290,096 | €251,792 | -€38,304 | -13.2% |
| Financial debts | 170/4 | €263,295 | €227,793 | -€35,502 | -13.5% |
| Other amounts payable | 178/9 | €26,801 | €23,999 | -€2,802 | -10.5% |
| Amounts payable within one year | 42/48 | €58,848 | €49,192 | -€9,656 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €39,671 | €35,502 | -€4,169 | -10.5% |
| Financial debts | 43 | €2,747 | €2,802 | +€55 | +2.0% |
| Other loans | 439 | €2,747 | €2,802 | +€55 | +2.0% |
| Trade debts | 44 | €3,204 | €2,169 | -€1,036 | -32.3% |
| Suppliers | 440/4 | €3,204 | €2,169 | -€1,036 | -32.3% |
| Taxes, remuneration and social security | 45 | €5,489 | €8,720 | +€3,231 | +58.9% |
| Taxes | 450/3 | €5,489 | €8,720 | +€3,231 | +58.9% |
| Other amounts payable | 47/48 | €7,737 | €0 | -€7,737 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,127 | €1,337 | +€211 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,472 | €34,044 | -€428 | -1.2% |
| Other operating charges | 640/8 | €2,669 | €3,013 | +€344 | +12.9% |
| Gross operating margin | 9900 | €23,669 | €78,077 | +€54,408 | +229.9% |
| Operating profit (loss) | 9901 | -€13,473 | €41,020 | +€54,492 | |
| Financial income | 75/76B | €3,608 | €1,399 | -€2,209 | -61.2% |
| Recurring financial income | 75 | €3,608 | €1,399 | -€2,209 | -61.2% |
| Financial charges | 65/66B | €16,785 | €15,607 | -€1,179 | -7.0% |
| Recurring financial charges | 65 | €16,785 | €15,607 | -€1,179 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,650 | €26,812 | +€53,463 | |
| Income taxes | 67/77 | €143 | €2,598 | +€2,455 | +1715.3% |
| Profit (loss) for the period | 9904 | -€26,793 | €24,214 | +€51,007 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,793 | €24,214 | +€51,007 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.