C² & J: what changed
What changed
C² & J
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€39,812
2024 · €39,827-€15
Equity
€177,157
2024 · €204,405-€27,247
Cash
€10,322
2024 · -+€10,322
Balance sheet total
€586,903
2024 · €595,157-€8,254
Largest movements
Assets
- Tangible fixed assets -€39,650
down €39,650 (-7.0%), from €570,071 to €530,421
of which Land and buildings: -€23,723
- Current investments +€17,140
up €17,140 (+119%), from €14,357 to €31,497
- Cash +€10,322
new in 2025: €10,322
mainly Net result for the year (+€39,812) and Other debts (+€39,120)
Equity and liabilities
- Other debts +€39,120
up €39,120 (+4,448%), from €880 to €40,000
- Reserves -€27,247
down €27,247 (-14.7%), from €185,805 to €158,557
- Debts after one year -€25,050
down €25,050 (-7.3%), from €341,490 to €316,440
Income statement
- Depreciation +€2,658
up €2,658 (+17.5%), from €15,197 to €17,855
- Other operating charges -€1,329
down €1,329 (-5.4%), from €24,426 to €23,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€39,827
Gross operating margin
+€536
Depreciation
-€2,658
Other operating charges
+€1,329
Financial income
+€203
Financial charges
+€887
Taxes
-€313
Result 2025
€39,812
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€97,471
Investment
+€4,655
Financing
-€91,804
Cash 2024
€0
From operations (derived)
+€97,471
Net result for the year
+€39,812
Depreciation
+€17,855
Receivables within one year
-€4,680
Deferred charges and accrued income
+€746
Trade debts
+€400
Tax, wage and social debts
+€4,565
Other debts
+€39,120
Accrued charges and deferred income
-€347
Investment (derived)
+€4,655
Investment in fixed assets (net)
+€21,795
Current investments
-€17,140
Financing
-€91,804
Debts after one year
-€25,050
Current portion of long-term debt
+€701
Short-term financial debts
-€396
Contributions, distributions and other
-€67,059
Cash 2025
€10,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,157 | €586,903 | -€8,254 | -1.4% |
| Fixed assets | 21/28 | €570,071 | €530,421 | -€39,650 | -7.0% |
| Tangible fixed assets | 22/27 | €570,071 | €530,421 | -€39,650 | -7.0% |
| Land and buildings | 22 | €213,380 | €189,656 | -€23,723 | -11.1% |
| Plant, machinery and equipment | 23 | €112 | €0 | -€112 | -100% |
| Furniture and vehicles | 24 | €4,283 | €3,301 | -€982 | -22.9% |
| Other tangible fixed assets | 26 | €352,297 | €337,463 | -€14,833 | -4.2% |
| Current assets | 29/58 | €25,086 | €56,482 | +€31,396 | +125% |
| Amounts receivable within one year | 40/41 | €9,983 | €14,663 | +€4,680 | +46.9% |
| Trade receivables | 40 | €9,983 | €9,983 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €4,680 | +€4,680 | |
| Current investments | 50/53 | €14,357 | €31,497 | +€17,140 | +119% |
| Cash at bank and in hand | 54/58 | - | €10,322 | +€10,322 | |
| Deferred charges and accrued income | 490/1 | €746 | €0 | -€746 | -100% |
| Total equity and liabilities | 10/49 | €595,157 | €586,903 | -€8,254 | -1.4% |
| Equity | 10/15 | €204,405 | €177,157 | -€27,247 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,805 | €158,557 | -€27,247 | -14.7% |
| Distributable reserves | 133 | €185,805 | €158,557 | -€27,247 | -14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €390,752 | €409,745 | +€18,993 | +4.9% |
| Amounts payable after more than one year | 17 | €341,490 | €316,440 | -€25,050 | -7.3% |
| Financial debts | 170/4 | €341,490 | €316,440 | -€25,050 | -7.3% |
| Amounts payable within one year | 42/48 | €46,894 | €91,285 | +€44,391 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €24,350 | €25,050 | +€701 | +2.9% |
| Financial debts | 43 | €396 | €0 | -€396 | -100% |
| Credit institutions | 430/8 | €396 | €0 | -€396 | -100% |
| Trade debts | 44 | €2,781 | €3,181 | +€400 | +14.4% |
| Suppliers | 440/4 | €2,781 | €3,181 | +€400 | +14.4% |
| Taxes, remuneration and social security | 45 | €18,489 | €23,054 | +€4,565 | +24.7% |
| Taxes | 450/3 | €18,489 | €23,054 | +€4,565 | +24.7% |
| Other amounts payable | 47/48 | €880 | €40,000 | +€39,120 | +4,448% |
| Accrued charges and deferred income | 492/3 | €2,368 | €2,021 | -€347 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,197 | €17,855 | +€2,658 | +17.5% |
| Other operating charges | 640/8 | €24,426 | €23,097 | -€1,329 | -5.4% |
| Gross operating margin | 9900 | €101,215 | €101,751 | +€536 | +0.5% |
| Operating profit (loss) | 9901 | €61,592 | €60,800 | -€793 | -1.3% |
| Financial income | 75/76B | €0 | €203 | +€203 | |
| Recurring financial income | 75 | €0 | €203 | +€203 | |
| Financial charges | 65/66B | €11,507 | €10,620 | -€887 | -7.7% |
| Recurring financial charges | 65 | €11,507 | €10,620 | -€887 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €50,085 | €50,384 | +€298 | +0.6% |
| Income taxes | 67/77 | €10,259 | €10,572 | +€313 | +3.1% |
| Profit (loss) for the period | 9904 | €39,827 | €39,812 | -€15 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,827 | €39,812 | -€15 | 0.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.