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
- Cash +€6,206
up €6,206 (+10.6%), from €58,322 to €64,529
mainly Depreciation (+€13,827) and Net result for the year (+€7,452)
- Deferred charges and accrued income -€4,744
down €4,744 (-27.4%), from €17,321 to €12,577
- Debts after one year -€8,670
down €8,670 (-25.1%), from €34,569 to €25,899
- Reserves +€7,452
up €7,452 (+4.9%), from €152,607 to €160,059
of which Distributable reserves: +€7,452
- Trade debts -€5,098
down €5,098 (-70.9%), from €7,186 to €2,088
- Current portion of long-term debt +€4,465
up €4,465 (+53.3%), from €8,381 to €12,846
- Gross operating margin +€3,125
up €3,125 (+11.4%), from €27,519 to €30,643
- Depreciation +€2,253
up €2,253 (+19.5%), from €11,574 to €13,827
- Taxes +€573
up €573 (+18.0%), from €3,190 to €3,763
- Financial charges -€486
down €486 (-16.6%), from €2,934 to €2,448
- Other operating charges -€437
down €437 (-10.7%), from €4,074 to €3,638
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 | €280,545 | €280,944 | +€399 | +0.1% |
| Fixed assets | 21/28 | €204,902 | €202,510 | -€2,392 | -1.2% |
| Tangible fixed assets | 22/27 | €204,902 | €202,510 | -€2,392 | -1.2% |
| Land and buildings | 22 | €200,404 | €198,933 | -€1,471 | -0.7% |
| Plant, machinery and equipment | 23 | €1,340 | €2,048 | +€708 | +52.8% |
| Furniture and vehicles | 24 | €3,158 | €1,530 | -€1,629 | -51.6% |
| Current assets | 29/58 | €75,643 | €78,434 | +€2,791 | +3.7% |
| Amounts receivable within one year | 40/41 | - | €1,328 | +€1,328 | |
| Other amounts receivable | 41 | - | €1,328 | +€1,328 | |
| Cash at bank and in hand | 54/58 | €58,322 | €64,529 | +€6,206 | +10.6% |
| Deferred charges and accrued income | 490/1 | €17,321 | €12,577 | -€4,744 | -27.4% |
| Total equity and liabilities | 10/49 | €280,545 | €280,944 | +€399 | +0.1% |
| Equity | 10/15 | €171,357 | €178,809 | +€7,452 | +4.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €152,607 | €160,059 | +€7,452 | +4.9% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €150,732 | €158,184 | +€7,452 | +4.9% |
| Amounts payable | 17/49 | €109,188 | €102,135 | -€7,053 | -6.5% |
| Amounts payable after more than one year | 17 | €34,569 | €25,899 | -€8,670 | -25.1% |
| Financial debts | 170/4 | €34,569 | €25,899 | -€8,670 | -25.1% |
| Amounts payable within one year | 42/48 | €71,415 | €72,198 | +€783 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,381 | €12,846 | +€4,465 | +53.3% |
| Trade debts | 44 | €7,186 | €2,088 | -€5,098 | -70.9% |
| Suppliers | 440/4 | €7,186 | €2,088 | -€5,098 | -70.9% |
| Taxes, remuneration and social security | 45 | €102 | €102 | = | 0.0% |
| Taxes | 450/3 | €102 | €102 | = | 0.0% |
| Other amounts payable | 47/48 | €55,745 | €57,162 | +€1,416 | +2.5% |
| Accrued charges and deferred income | 492/3 | €3,204 | €4,039 | +€835 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,574 | €13,827 | +€2,253 | +19.5% |
| Other operating charges | 640/8 | €4,074 | €3,638 | -€437 | -10.7% |
| Gross operating margin | 9900 | €27,519 | €30,643 | +€3,125 | +11.4% |
| Operating profit (loss) | 9901 | €11,871 | €13,179 | +€1,308 | +11.0% |
| Financial income | 75/76B | €449 | €483 | +€34 | +7.6% |
| Recurring financial income | 75 | €449 | €483 | +€34 | +7.6% |
| Financial charges | 65/66B | €2,934 | €2,448 | -€486 | -16.6% |
| Recurring financial charges | 65 | €2,934 | €2,448 | -€486 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €9,386 | €11,214 | +€1,829 | +19.5% |
| Income taxes | 67/77 | €3,190 | €3,763 | +€573 | +18.0% |
| Profit (loss) for the period | 9904 | €6,196 | €7,452 | +€1,256 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,196 | €7,452 | +€1,256 | +20.3% |
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 30 October 2026 via checked.be.