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 -€217,134
down €217,134 (-70.5%), from €308,051 to €90,917
of which Trade receivables: -€219,799
- Stocks and contracts +€189,420
new in 2025: €189,420
- Cash +€60,108
up €60,108 (+293%), from €20,517 to €80,626
mainly Receivables within one year (+€217,134) and Trade debts (+€165,037)
- Deferred charges and accrued income +€4,116
up €4,116 (+18.0%), from €22,863 to €26,978
- Trade debts +€165,037
up €165,037 (+1,283%), from €12,865 to €177,903
- Debts after one year -€143,993
down €143,993 (-100%), from €143,993 to €0
- Profit (loss) carried forward +€42,129
up €42,129 (+61.1%), from €68,995 to €111,124
- Tax, wage and social debts -€20,486
down €20,486 (-35.5%), from €57,715 to €37,229
of which Remuneration and social security: -€20,675
- Other debts -€4,919
down €4,919 (-9.3%), from €52,669 to €47,750
- Gross operating margin +€45,065
up €45,065 (+33.3%), from €135,183 to €180,248
- Taxes +€16,912
up €16,912 (+8,668%), from €195 to €17,107
- Staff costs -€5,109
down €5,109 (-4.7%), from €108,952 to €103,843
- Financial charges -€3,053
down €3,053 (-26.9%), from €11,349 to €8,297
- Other operating charges +€2,531
up €2,531 (+169%), from €1,499 to €4,030
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 | €361,768 | €396,006 | +€34,237 | +9.5% |
| Fixed assets | 21/28 | €10,337 | €8,065 | -€2,273 | -22.0% |
| Tangible fixed assets | 22/27 | €10,312 | €8,040 | -€2,273 | -22.0% |
| Furniture and vehicles | 24 | €7,741 | €5,956 | -€1,784 | -23.1% |
| Other tangible fixed assets | 26 | €2,572 | €2,083 | -€488 | -19.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €351,431 | €387,941 | +€36,510 | +10.4% |
| Stocks and contracts in progress | 3 | - | €189,420 | +€189,420 | |
| Stocks | 30/36 | - | €189,420 | +€189,420 | |
| Amounts receivable within one year | 40/41 | €308,051 | €90,917 | -€217,134 | -70.5% |
| Trade receivables | 40 | €307,771 | €87,972 | -€219,799 | -71.4% |
| Other amounts receivable | 41 | €280 | €2,945 | +€2,665 | +952% |
| Cash at bank and in hand | 54/58 | €20,517 | €80,626 | +€60,108 | +293% |
| Deferred charges and accrued income | 490/1 | €22,863 | €26,978 | +€4,116 | +18.0% |
| Total equity and liabilities | 10/49 | €361,768 | €396,006 | +€34,237 | +9.5% |
| Equity | 10/15 | €90,995 | €133,124 | +€42,129 | +46.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,995 | €111,124 | +€42,129 | +61.1% |
| Amounts payable | 17/49 | €270,773 | €262,882 | -€7,891 | -2.9% |
| Amounts payable after more than one year | 17 | €143,993 | €0 | -€143,993 | -100% |
| Financial debts | 170/4 | €143,993 | €0 | -€143,993 | -100% |
| Amounts payable within one year | 42/48 | €124,194 | €262,882 | +€138,687 | +112% |
| Current portion of amounts payable after more than one year | 42 | €945 | €0 | -€945 | -100% |
| Trade debts | 44 | €12,865 | €177,903 | +€165,037 | +1,283% |
| Suppliers | 440/4 | €12,865 | €177,903 | +€165,037 | +1,283% |
| Taxes, remuneration and social security | 45 | €57,715 | €37,229 | -€20,486 | -35.5% |
| Taxes | 450/3 | €20,012 | €20,201 | +€189 | +0.9% |
| Remuneration and social security | 454/9 | €37,703 | €17,028 | -€20,675 | -54.8% |
| Other amounts payable | 47/48 | €52,669 | €47,750 | -€4,919 | -9.3% |
| Accrued charges and deferred income | 492/3 | €2,586 | €0 | -€2,586 | -100% |
| Non-recurring operating income | 76A | €41,165 | €0 | -€41,165 | -100% |
| Remuneration, social security and pensions | 62 | €108,952 | €103,843 | -€5,109 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,419 | €4,843 | +€424 | +9.6% |
| Other operating charges | 640/8 | €1,499 | €4,030 | +€2,531 | +169% |
| Non-recurring operating charges | 66A | €3,997 | €0 | -€3,997 | -100% |
| Gross operating margin | 9900 | €135,183 | €180,248 | +€45,065 | +33.3% |
| Operating profit (loss) | 9901 | €16,315 | €67,531 | +€51,217 | +314% |
| Financial income | 75/76B | €1 | €1 | -€0 | -36.3% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -36.3% |
| Financial charges | 65/66B | €11,349 | €8,297 | -€3,053 | -26.9% |
| Recurring financial charges | 65 | €11,349 | €8,297 | -€3,053 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €4,967 | €59,235 | +€54,269 | +1,093% |
| Income taxes | 67/77 | €195 | €17,107 | +€16,912 | +8,668% |
| Profit (loss) for the period | 9904 | €4,771 | €42,129 | +€37,357 | +783% |
| Profit (loss) for the period to be appropriated | 9905 | €4,771 | €42,129 | +€37,357 | +783% |
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 29 October 2026 via checked.be.