C-INVEST: 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-INVEST
Largest movements
- Receivables within one year -€194,928
down €194,928 (-51.1%), from €381,151 to €186,223
of which Trade receivables: -€218,146
- Cash +€141,653
up €141,653 (+1,395%), from €10,151 to €151,804
mainly Receivables within one year (+€194,928) and Net result for the year (+€93,001)
- Deferred charges and accrued income +€25,879
up €25,879 (+4,967%), from €521 to €26,400
- Tangible fixed assets -€11,673
down €11,673 (-2.5%), from €474,298 to €462,625
of which Other tangible fixed assets: -€12,614
- Profit (loss) carried forward +€93,001
up €93,001 (+74.8%), from -€124,275 to -€31,274
- Trade debts -€78,068
down €78,068 (-70.5%), from €110,749 to €32,681
- Other debts -€57,013
down €57,013 (-28.3%), from €201,249 to €144,236
- Advances received +€55,664
new in 2025: €55,664
- Debts after one year -€31,205
down €31,205 (-14.5%), from €214,538 to €183,333
of which Financial debts: -€31,205
- Other operating charges -€10,422
down €10,422 (-38.7%), from €26,922 to €16,501
- Financial charges -€6,713
down €6,713 (-29.0%), from €23,161 to €16,448
- Financial income +€3,345
new in 2025: €3,345
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 | €866,121 | €827,051 | -€39,070 | -4.5% |
| Fixed assets | 21/28 | €474,298 | €462,625 | -€11,673 | -2.5% |
| Tangible fixed assets | 22/27 | €474,298 | €462,625 | -€11,673 | -2.5% |
| Furniture and vehicles | 24 | €5,130 | €6,071 | +€941 | +18.3% |
| Other tangible fixed assets | 26 | €469,168 | €456,554 | -€12,614 | -2.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €391,823 | €364,426 | -€27,397 | -7.0% |
| Amounts receivable within one year | 40/41 | €381,151 | €186,223 | -€194,928 | -51.1% |
| Trade receivables | 40 | €218,604 | €458 | -€218,146 | -99.8% |
| Other amounts receivable | 41 | €162,547 | €185,765 | +€23,218 | +14.3% |
| Cash at bank and in hand | 54/58 | €10,151 | €151,804 | +€141,653 | +1,395% |
| Deferred charges and accrued income | 490/1 | €521 | €26,400 | +€25,879 | +4,967% |
| Total equity and liabilities | 10/49 | €866,121 | €827,051 | -€39,070 | -4.5% |
| Equity | 10/15 | €270,225 | €363,227 | +€93,001 | +34.4% |
| Contributions | 10/11 | €394,500 | €394,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,275 | -€31,274 | +€93,001 | +74.8% |
| Amounts payable | 17/49 | €595,895 | €463,824 | -€132,071 | -22.2% |
| Amounts payable after more than one year | 17 | €214,538 | €183,333 | -€31,205 | -14.5% |
| Financial debts | 170/4 | €114,538 | €83,333 | -€31,205 | -27.2% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,061 | €279,402 | -€100,660 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €39,738 | €31,205 | -€8,533 | -21.5% |
| Trade debts | 44 | €110,749 | €32,681 | -€78,068 | -70.5% |
| Suppliers | 440/4 | €110,749 | €32,681 | -€78,068 | -70.5% |
| Advances received on contracts in progress | 46 | - | €55,664 | +€55,664 | |
| Taxes, remuneration and social security | 45 | €28,325 | €15,615 | -€12,710 | -44.9% |
| Taxes | 450/3 | €28,325 | €15,615 | -€12,710 | -44.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €201,249 | €144,236 | -€57,013 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,296 | €1,090 | -€206 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,086 | €14,689 | +€603 | +4.3% |
| Other operating charges | 640/8 | €26,922 | €16,501 | -€10,422 | -38.7% |
| Non-recurring operating charges | 66A | €12,500 | €0 | -€12,500 | -100% |
| Gross operating margin | 9900 | €136,723 | €137,402 | +€680 | +0.5% |
| Operating profit (loss) | 9901 | €83,214 | €106,212 | +€22,998 | +27.6% |
| Financial income | 75/76B | - | €3,345 | +€3,345 | |
| Recurring financial income | 75 | - | €3,345 | +€3,345 | |
| Financial charges | 65/66B | €23,161 | €16,448 | -€6,713 | -29.0% |
| Recurring financial charges | 65 | €23,161 | €16,448 | -€6,713 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €60,054 | €93,110 | +€33,056 | +55.0% |
| Income taxes | 67/77 | €105 | €108 | +€3 | +2.6% |
| Profit (loss) for the period | 9904 | €59,948 | €93,001 | +€33,053 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,948 | €93,001 | +€33,053 | +55.1% |
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 25 October 2026 via checked.be.