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.
What changed
C-INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,084
2024 · €34,299-€14,214
Equity
€380,640
2024 · €360,556+€20,084
Cash
€5,362
2024 · €1,950+€3,412
Balance sheet total
€2.0m
2024 · €2.1m-€71,091
Largest movements
Assets
- Receivables within one year -€62,381
down €62,381 (-32.3%), from €192,979 to €130,599
of which Trade receivables: -€96,582
Equity and liabilities
- Debts after one year -€48,753
down €48,753 (-13.7%), from €354,788 to €306,035
- Other debts -€32,623
down €32,623 (-2.5%), from €1.3m to €1.3m
Income statement
- Gross operating margin -€23,153
down €23,153 (-29.4%), from €78,690 to €55,537
- Other operating charges -€4,277
down €4,277 (-38.6%), from €11,074 to €6,796
- Taxes -€3,804
down €3,804 (-30.6%), from €12,425 to €8,620
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.
Result 2024
€34,299
Gross operating margin
-€23,153
Depreciation
+€579
Other operating charges
+€4,277
Financial income
+€3
Financial charges
+€274
Taxes
+€3,804
Result 2025
€20,084
raises the resultlowers the result
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.
From operations
+€51,591
Investment
€0
Financing
-€48,180
Cash 2024
€1,950
From operations (derived)
+€51,591
Net result for the year
+€20,084
Depreciation
+€12,366
Receivables within one year
+€62,381
Deferred charges and accrued income
-€244
Trade debts
-€10,386
Tax, wage and social debts
+€2,620
Other debts
-€32,623
Accrued charges and deferred income
-€2,606
Financing
-€48,180
Debts after one year
-€48,753
Current portion of long-term debt
+€889
Short-term financial debts
-€316
Cash 2025
€5,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,106,559 | €2,035,468 | -€71,091 | -3.4% |
| Fixed assets | 21/28 | €1,911,236 | €1,898,870 | -€12,366 | -0.6% |
| Tangible fixed assets | 22/27 | €1,911,236 | €1,898,870 | -€12,366 | -0.6% |
| Land and buildings | 22 | €1,911,236 | €1,898,870 | -€12,366 | -0.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €195,323 | €136,598 | -€58,725 | -30.1% |
| Amounts receivable within one year | 40/41 | €192,979 | €130,599 | -€62,381 | -32.3% |
| Trade receivables | 40 | €188,648 | €92,066 | -€96,582 | -51.2% |
| Other amounts receivable | 41 | €4,331 | €38,532 | +€34,201 | +790% |
| Cash at bank and in hand | 54/58 | €1,950 | €5,362 | +€3,412 | +175% |
| Deferred charges and accrued income | 490/1 | €393 | €637 | +€244 | +62.0% |
| Total equity and liabilities | 10/49 | €2,106,559 | €2,035,468 | -€71,091 | -3.4% |
| Equity | 10/15 | €360,556 | €380,640 | +€20,084 | +5.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €185,000 | €185,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,556 | €95,640 | +€20,084 | +26.6% |
| Amounts payable | 17/49 | €1,746,003 | €1,654,828 | -€91,175 | -5.2% |
| Amounts payable after more than one year | 17 | €354,788 | €306,035 | -€48,753 | -13.7% |
| Financial debts | 170/4 | €354,788 | €306,035 | -€48,753 | -13.7% |
| Amounts payable within one year | 42/48 | €1,384,109 | €1,344,293 | -€39,816 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €51,890 | €52,779 | +€889 | +1.7% |
| Financial debts | 43 | €358 | €43 | -€316 | -88.0% |
| Credit institutions | 430/8 | €358 | €43 | -€316 | -88.0% |
| Trade debts | 44 | €39,481 | €29,094 | -€10,386 | -26.3% |
| Suppliers | 440/4 | €39,481 | €29,094 | -€10,386 | -26.3% |
| Taxes, remuneration and social security | 45 | €0 | €2,620 | +€2,620 | |
| Taxes | 450/3 | €0 | €2,620 | +€2,620 | |
| Other amounts payable | 47/48 | €1,292,381 | €1,259,757 | -€32,623 | -2.5% |
| Accrued charges and deferred income | 492/3 | €7,106 | €4,500 | -€2,606 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,945 | €12,366 | -€579 | -4.5% |
| Other operating charges | 640/8 | €11,074 | €6,796 | -€4,277 | -38.6% |
| Gross operating margin | 9900 | €78,690 | €55,537 | -€23,153 | -29.4% |
| Operating profit (loss) | 9901 | €54,671 | €36,375 | -€18,296 | -33.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €7,948 | €7,673 | -€274 | -3.5% |
| Recurring financial charges | 65 | €7,948 | €7,673 | -€274 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €46,723 | €28,704 | -€18,019 | -38.6% |
| Income taxes | 67/77 | €12,425 | €8,620 | -€3,804 | -30.6% |
| Profit (loss) for the period | 9904 | €34,299 | €20,084 | -€14,214 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,299 | €20,084 | -€14,214 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.