C & N: 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 & N
Largest movements
- Cash +€32,677
up €32,677 (+181%), from €18,078 to €50,756
mainly Net result for the year (+€53,812) and Tax, wage and social debts (+€10,877)
- Receivables within one year +€15,603
up €15,603 (+40.8%), from €38,247 to €53,850
of which Other amounts receivable: +€10,235
- Tangible fixed assets +€13,318
up €13,318 (+119%), from €11,212 to €24,530
of which Plant, machinery and equipment: +€9,636
- Reserves +€53,812
up €53,812 (+245%), from €21,931 to €75,743
- Tax, wage and social debts +€10,877
up €10,877 (+52.1%), from €20,879 to €31,757
- Other debts -€10,691
down €10,691 (-100%), from €10,691 to €0
- Debts after one year +€4,564
up €4,564 (+79.3%), from €5,759 to €10,323
- Current portion of long-term debt +€2,737
up €2,737 (+120%), from €2,280 to €5,017
- Gross operating margin +€55,789
up €55,789 (+272%), from €20,479 to €76,267
- Taxes +€10,558
up €10,558 (+259%), from €4,079 to €14,637
- Depreciation +€2,110
up €2,110 (+104%), from €2,026 to €4,136
- Other operating charges +€1,296
up €1,296 (+89.4%), from €1,449 to €2,745
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 | €67,538 | €129,492 | +€61,954 | +91.7% |
| Fixed assets | 21/28 | €11,212 | €24,530 | +€13,318 | +119% |
| Tangible fixed assets | 22/27 | €11,212 | €24,530 | +€13,318 | +119% |
| Plant, machinery and equipment | 23 | €10,594 | €20,229 | +€9,636 | +91.0% |
| Furniture and vehicles | 24 | €618 | €3,022 | +€2,404 | +389% |
| Other tangible fixed assets | 26 | - | €1,279 | +€1,279 | |
| Current assets | 29/58 | €56,326 | €104,962 | +€48,636 | +86.3% |
| Amounts receivable within one year | 40/41 | €38,247 | €53,850 | +€15,603 | +40.8% |
| Trade receivables | 40 | €38,247 | €43,615 | +€5,368 | +14.0% |
| Other amounts receivable | 41 | - | €10,235 | +€10,235 | |
| Cash at bank and in hand | 54/58 | €18,078 | €50,756 | +€32,677 | +181% |
| Deferred charges and accrued income | 490/1 | €0 | €356 | +€356 | |
| Total equity and liabilities | 10/49 | €67,538 | €129,492 | +€61,954 | +91.7% |
| Equity | 10/15 | €26,931 | €80,743 | +€53,812 | +200% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,931 | €75,743 | +€53,812 | +245% |
| Distributable reserves | 133 | €21,931 | €75,743 | +€53,812 | +245% |
| Amounts payable | 17/49 | €40,606 | €48,749 | +€8,142 | +20.1% |
| Amounts payable after more than one year | 17 | €5,759 | €10,323 | +€4,564 | +79.3% |
| Financial debts | 170/4 | €5,759 | €10,323 | +€4,564 | +79.3% |
| Amounts payable within one year | 42/48 | €34,193 | €38,425 | +€4,232 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €2,280 | €5,017 | +€2,737 | +120% |
| Trade debts | 44 | €343 | €1,652 | +€1,309 | +381% |
| Suppliers | 440/4 | €343 | €1,652 | +€1,309 | +381% |
| Taxes, remuneration and social security | 45 | €20,879 | €31,757 | +€10,877 | +52.1% |
| Taxes | 450/3 | €20,879 | €31,757 | +€10,877 | +52.1% |
| Other amounts payable | 47/48 | €10,691 | €0 | -€10,691 | -100% |
| Accrued charges and deferred income | 492/3 | €654 | €0 | -€654 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €4,136 | +€2,110 | +104% |
| Other operating charges | 640/8 | €1,449 | €2,745 | +€1,296 | +89.4% |
| Gross operating margin | 9900 | €20,479 | €76,267 | +€55,789 | +272% |
| Operating profit (loss) | 9901 | €17,003 | €69,386 | +€52,383 | +308% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €321 | €937 | +€617 | +192% |
| Recurring financial charges | 65 | €321 | €937 | +€617 | +192% |
| Profit (loss) for the period before taxes | 9903 | €16,687 | €68,449 | +€51,762 | +310% |
| Income taxes | 67/77 | €4,079 | €14,637 | +€10,558 | +259% |
| Profit (loss) for the period | 9904 | €12,609 | €53,812 | +€41,203 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €12,609 | €53,812 | +€41,203 | +327% |
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 18 October 2026 via checked.be.