C-Ground: 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-Ground
Largest movements
- Receivables after one year -€329,139
down €329,139 (-33.3%), from €987,417 to €658,278
- Cash +€162,995
up €162,995 (+308%), from €52,950 to €215,945
mainly Other debts (+€1.9m) and Trade debts (+€626,516)
- Deferred charges and accrued income +€120,286
up €120,286 (+49.2%), from €244,367 to €364,653
- Receivables within one year -€114,630
down €114,630 (-6.5%), from €1.8m to €1.6m
of which Other amounts receivable: -€853,724
- Tangible fixed assets +€101,400
up €101,400 (+4.5%), from €2.3m to €2.4m
of which Assets under construction and advance payments: +€238,243
- Provisions -€2.2m
down €2.2m (-18.6%), from €11.7m to €9.5m
- Other debts +€1.9m
new in 2025: €1.9m
- Trade debts +€626,516
up €626,516 (+299%), from €209,827 to €836,343
- Debts after one year -€399,823
down €399,823 (-27.1%), from €1.5m to €1.1m
- Purchases and services -€2.4m
no longer reported in 2025 (was €2.4m)
- Provisions -€1.2m
down €1.2m (-119%), from -€993,788 to -€2.2m
- Gross operating margin +€528,678
up €528,678 (+26.3%), from -€2.0m to -€1.5m
- Turnover -€373,563
no longer reported in 2025 (was €373,563)
- Financial income -€62,497
down €62,497 (-92.6%), from €67,497 to €5,000
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 | €5,496,285 | €5,417,197 | -€79,088 | -1.4% |
| Fixed assets | 21/28 | €2,447,199 | €2,528,599 | +€81,400 | +3.3% |
| Intangible fixed assets | 21 | €169,333 | €149,333 | -€20,000 | -11.8% |
| Tangible fixed assets | 22/27 | €2,275,566 | €2,376,965 | +€101,400 | +4.5% |
| Plant, machinery and equipment | 23 | €25,187 | €20,885 | -€4,302 | -17.1% |
| Leasing and similar rights | 25 | €302,943 | €356,566 | +€53,623 | +17.7% |
| Other tangible fixed assets | 26 | €1,504,829 | €1,318,664 | -€186,165 | -12.4% |
| Assets under construction and advance payments | 27 | €442,606 | €680,849 | +€238,243 | +53.8% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €3,049,087 | €2,888,599 | -€160,488 | -5.3% |
| Amounts receivable after more than one year | 29 | €987,417 | €658,278 | -€329,139 | -33.3% |
| Trade receivables | 290 | €987,417 | €658,278 | -€329,139 | -33.3% |
| Amounts receivable within one year | 40/41 | €1,764,353 | €1,649,723 | -€114,630 | -6.5% |
| Trade receivables | 40 | €151,151 | €890,245 | +€739,094 | +489% |
| Other amounts receivable | 41 | €1,613,202 | €759,478 | -€853,724 | -52.9% |
| Cash at bank and in hand | 54/58 | €52,950 | €215,945 | +€162,995 | +308% |
| Deferred charges and accrued income | 490/1 | €244,367 | €364,653 | +€120,286 | +49.2% |
| Total equity and liabilities | 10/49 | €5,496,285 | €5,417,197 | -€79,088 | -1.4% |
| Equity | 10/15 | -€8,447,191 | -€8,440,089 | +€7,102 | +0.1% |
| Contributions | 10/11 | €4,215,000 | €4,215,000 | = | 0.0% |
| Capital | 10 | €4,215,000 | €4,215,000 | = | 0.0% |
| Issued capital | 100 | €4,215,000 | €4,215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,662,191 | -€12,655,089 | +€7,102 | +0.1% |
| Provisions and deferred taxes | 16 | €11,683,538 | €9,505,036 | -€2.2m | -18.6% |
| Provisions for liabilities and charges | 160/5 | €11,683,538 | €9,505,036 | -€2.2m | -18.6% |
| Environmental obligations | 163 | €10,858,538 | €8,599,430 | -€2.3m | -20.8% |
| Other liabilities and charges | 164/5 | €825,000 | €905,607 | +€80,607 | +9.8% |
| Amounts payable | 17/49 | €2,259,939 | €4,352,251 | +€2.1m | +92.6% |
| Amounts payable after more than one year | 17 | €1,474,155 | €1,074,332 | -€399,823 | -27.1% |
| Financial debts | 170/4 | €1,474,155 | €1,074,332 | -€399,823 | -27.1% |
| Amounts payable within one year | 42/48 | €731,841 | €3,256,331 | +€2.5m | +345% |
| Current portion of amounts payable after more than one year | 42 | €474,482 | €499,794 | +€25,312 | +5.3% |
| Trade debts | 44 | €209,827 | €836,343 | +€626,516 | +299% |
| Suppliers | 440/4 | €209,827 | €836,343 | +€626,516 | +299% |
| Taxes, remuneration and social security | 45 | €47,532 | €66,975 | +€19,444 | +40.9% |
| Taxes | 450/3 | €430 | €18,687 | +€18,257 | +4,246% |
| Remuneration and social security | 454/9 | €47,102 | €48,288 | +€1,187 | +2.5% |
| Other amounts payable | 47/48 | - | €1,853,219 | +€1.9m | |
| Accrued charges and deferred income | 492/3 | €53,944 | €21,588 | -€32,356 | -60.0% |
| Turnover | 70 | €373,563 | - | -€373,563 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,386,945 | - | -€2.4m | |
| Remuneration, social security and pensions | 62 | €203,885 | €209,840 | +€5,954 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,872 | €295,683 | +€49,810 | +20.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€993,788 | -€2,178,502 | -€1.2m | -119% |
| Other operating charges | 640/8 | €13,198 | €30,062 | +€16,864 | +128% |
| Non-recurring operating charges | 66A | €0 | €12,350 | +€12,350 | |
| Gross operating margin | 9900 | -€2,008,722 | -€1,480,043 | +€528,678 | +26.3% |
| Operating profit (loss) | 9901 | -€1,477,889 | €150,524 | +€1.6m | |
| Financial income | 75/76B | €67,497 | €5,000 | -€62,497 | -92.6% |
| Recurring financial income | 75 | €67,497 | €5,000 | -€62,497 | -92.6% |
| Financial charges | 65/66B | €121,379 | €148,199 | +€26,821 | +22.1% |
| Recurring financial charges | 65 | €121,379 | €148,199 | +€26,821 | +22.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€1,531,771 | €7,325 | +€1.5m | |
| Income taxes | 67/77 | €860 | €222 | -€638 | -74.1% |
| Profit (loss) for the period | 9904 | -€1,532,632 | €7,102 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,532,632 | €7,102 | +€1.5m |
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 17 October 2026 via checked.be.