c-line project: what changed
Two fiscal 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-line project
Largest movements
- Cash +€51,569
up €51,569 (+75.6%), from €68,234 to €119,803
mainly Net result for the year (+€46,790) and Receivables within one year (+€6,647)
- Tangible fixed assets +€10,788
up €10,788 (+62.0%), from €17,407 to €28,195
of which Plant, machinery and equipment: +€12,650
- Receivables within one year -€6,647
down €6,647 (-35.7%), from €18,642 to €11,995
of which Other amounts receivable: -€8,435
- Profit (loss) carried forward +€46,790
up €46,790 (+55.0%), from €85,136 to €131,926
- Other debts +€6,123
new in 2025: €6,123
- Tax, wage and social debts +€2,008
up €2,008 (+15.2%), from €13,181 to €15,190
of which Taxes: +€2,020
- Gross operating margin +€15,479
up €15,479 (+27.7%), from €55,978 to €71,457
- Staff costs +€5,558
new in 2025: €5,558
- Depreciation +€1,755
up €1,755 (+54.8%), from €3,206 to €4,961
- Taxes +€1,428
up €1,428 (+11.9%), from €11,968 to €13,396
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.
Cash bridge derived
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 | €104,395 | €160,618 | +€56,223 | +53.9% |
| Fixed assets | 21/28 | €17,407 | €28,195 | +€10,788 | +62.0% |
| Tangible fixed assets | 22/27 | €17,407 | €28,195 | +€10,788 | +62.0% |
| Plant, machinery and equipment | 23 | €6,522 | €19,172 | +€12,650 | +194.0% |
| Furniture and vehicles | 24 | €5,682 | €4,433 | -€1,249 | -22.0% |
| Other tangible fixed assets | 26 | €5,203 | €4,591 | -€612 | -11.8% |
| Current assets | 29/58 | €86,988 | €132,423 | +€45,435 | +52.2% |
| Amounts receivable within one year | 40/41 | €18,642 | €11,995 | -€6,647 | -35.7% |
| Trade receivables | 40 | €10,206 | €11,995 | +€1,789 | +17.5% |
| Other amounts receivable | 41 | €8,435 | €0 | -€8,435 | -100.0% |
| Cash at bank and in hand | 54/58 | €68,234 | €119,803 | +€51,569 | +75.6% |
| Deferred charges and accrued income | 490/1 | €112 | €625 | +€513 | +459.3% |
| Total equity and liabilities | 10/49 | €104,395 | €160,618 | +€56,223 | +53.9% |
| Equity | 10/15 | €90,136 | €136,926 | +€46,790 | +51.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,136 | €131,926 | +€46,790 | +55.0% |
| Amounts payable | 17/49 | €14,259 | €23,693 | +€9,433 | +66.2% |
| Amounts payable within one year | 42/48 | €14,259 | €23,693 | +€9,433 | +66.2% |
| Trade debts | 44 | €1,078 | €2,380 | +€1,302 | +120.8% |
| Suppliers | 440/4 | €1,078 | €2,380 | +€1,302 | +120.8% |
| Taxes, remuneration and social security | 45 | €13,181 | €15,190 | +€2,008 | +15.2% |
| Taxes | 450/3 | €12,018 | €14,038 | +€2,020 | +16.8% |
| Remuneration and social security | 454/9 | €1,163 | €1,151 | -€12 | -1.0% |
| Other amounts payable | 47/48 | - | €6,123 | +€6,123 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €5,558 | +€5,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,206 | €4,961 | +€1,755 | +54.8% |
| Other operating charges | 640/8 | €890 | €886 | -€4 | -0.4% |
| Gross operating margin | 9900 | €55,978 | €71,457 | +€15,479 | +27.7% |
| Operating profit (loss) | 9901 | €51,882 | €60,052 | +€8,170 | +15.7% |
| Financial income | 75/76B | €415 | €324 | -€91 | -22.0% |
| Recurring financial income | 75 | €415 | €324 | -€91 | -22.0% |
| Financial charges | 65/66B | €238 | €191 | -€47 | -19.7% |
| Recurring financial charges | 65 | €238 | €191 | -€47 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €52,060 | €60,186 | +€8,126 | +15.6% |
| Income taxes | 67/77 | €11,968 | €13,396 | +€1,428 | +11.9% |
| Profit (loss) for the period | 9904 | €40,092 | €46,790 | +€6,698 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,092 | €46,790 | +€6,698 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.