C & I: 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 & I
Largest movements
- Tangible fixed assets -€47,059
down €47,059 (-35.2%), from €133,780 to €86,721
- Receivables within one year +€8,476
up €8,476 (+65.1%), from €13,029 to €21,505
of which Other amounts receivable: +€8,540
- Tax, wage and social debts -€64,975
down €64,975 (-95.0%), from €68,421 to €3,446
of which Taxes: -€45,282
- Profit (loss) carried forward +€38,087
up €38,087 (+39.3%), from -€96,826 to -€58,739
- Trade debts -€13,711
down €13,711 (-60.1%), from €22,805 to €9,094
- Staff costs -€53,664
down €53,664 (-92.3%), from €58,170 to €4,506
- Gross operating margin -€8,742
down €8,742 (-14.5%), from €60,211 to €51,469
- Other operating charges -€1,663
down €1,663 (-83.1%), from €2,001 to €338
- Depreciation -€1,588
down €1,588 (-25.3%), from €6,282 to €4,694
- Financial charges +€829
up €829 (+27.4%), from €3,031 to €3,861
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 | €148,903 | €108,249 | -€40,653 | -27.3% |
| Fixed assets | 21/28 | €133,780 | €86,721 | -€47,059 | -35.2% |
| Tangible fixed assets | 22/27 | €133,780 | €86,721 | -€47,059 | -35.2% |
| Land and buildings | 22 | €133,780 | €86,721 | -€47,059 | -35.2% |
| Current assets | 29/58 | €15,123 | €21,529 | +€6,406 | +42.4% |
| Amounts receivable within one year | 40/41 | €13,029 | €21,505 | +€8,476 | +65.1% |
| Trade receivables | 40 | €64 | - | -€64 | |
| Other amounts receivable | 41 | €12,965 | €21,505 | +€8,540 | +65.9% |
| Cash at bank and in hand | 54/58 | €640 | €24 | -€616 | -96.3% |
| Deferred charges and accrued income | 490/1 | €1,454 | - | -€1,454 | |
| Total equity and liabilities | 10/49 | €148,903 | €108,249 | -€40,653 | -27.3% |
| Equity | 10/15 | -€78,378 | -€40,291 | +€38,087 | +48.6% |
| Contributions | 10/11 | €18,448 | €18,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,826 | -€58,739 | +€38,087 | +39.3% |
| Amounts payable | 17/49 | €227,280 | €148,540 | -€78,740 | -34.6% |
| Amounts payable after more than one year | 17 | €136,000 | €136,000 | = | 0.0% |
| Financial debts | 170/4 | €136,000 | €136,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,240 | €12,540 | -€78,700 | -86.3% |
| Financial debts | 43 | €15 | - | -€15 | |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Trade debts | 44 | €22,805 | €9,094 | -€13,711 | -60.1% |
| Suppliers | 440/4 | €22,805 | €9,094 | -€13,711 | -60.1% |
| Taxes, remuneration and social security | 45 | €68,421 | €3,446 | -€64,975 | -95.0% |
| Taxes | 450/3 | €45,282 | - | -€45,282 | |
| Remuneration and social security | 454/9 | €23,139 | €3,446 | -€19,693 | -85.1% |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Non-recurring operating income | 76A | - | €61,220 | +€61,220 | |
| Remuneration, social security and pensions | 62 | €58,170 | €4,506 | -€53,664 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,282 | €4,694 | -€1,588 | -25.3% |
| Other operating charges | 640/8 | €2,001 | €338 | -€1,663 | -83.1% |
| Non-recurring operating charges | 66A | €4,541 | - | -€4,541 | |
| Gross operating margin | 9900 | €60,211 | €51,469 | -€8,742 | -14.5% |
| Operating profit (loss) | 9901 | -€10,783 | €41,931 | +€52,714 | |
| Financial income | 75/76B | €2 | €17 | +€15 | +787.7% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +787.7% |
| Financial charges | 65/66B | €3,031 | €3,861 | +€829 | +27.4% |
| Recurring financial charges | 65 | €3,031 | €3,861 | +€829 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,812 | €38,087 | +€51,900 | |
| Profit (loss) for the period | 9904 | -€13,812 | €38,087 | +€51,900 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,812 | €38,087 | +€51,900 |
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 29 September 2026 via checked.be.