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C+Net: 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.

What changed

C+Net

BE 0785.666.544
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€151
2023 · -€1,012+€862
Equity
-€68
2023 · €269-€337
Cash
€18
2023 · €5+€13
Balance sheet total
€1,268
2023 · €1,255+€13

Largest movements

2023 to 2025
Assets
  • Cash +€13

    up €13 (+262.6%), from €5 to €18

Equity and liabilities
  • Trade debts +€363

    up €363 (+49.6%), from €732 to €1,095

  • Profit (loss) carried forward -€337

    down €337 (-12.3%), from -€2,731 to -€3,068

  • Other debts -€13

    down €13 (-5.1%), from €254 to €241

Income statement
  • Depreciation -€428

    no longer reported in 2025 (was €428)

  • Other operating charges -€384

    no longer reported in 2025 (was €384)

  • Financial charges -€49

    down €49 (-24.7%), from €200 to €151

From the 2023 result to the 2025 result

effect on the 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 2023 -€1,012
Depreciation +€428
Other operating charges +€384
Financial charges +€49
Result 2025 -€151

Cash bridge derived

cash 2023 to 2025

A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.

Every line side by side 22 lines
Line Code 2023 2025 Change %
Total assets 20/58 €1,255 €1,268 +€13 +1.0%
Current assets 29/58 €1,255 €1,268 +€13 +1.0%
Amounts receivable within one year 40/41 €1,250 €1,250 = 0.0%
Trade receivables 40 €1,250 €1,250 = 0.0%
Cash at bank and in hand 54/58 €5 €18 +€13 +262.6%
Total equity and liabilities 10/49 €1,255 €1,268 +€13 +1.0%
Equity 10/15 €269 -€68 -€337
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 -€2,731 -€3,068 -€337 -12.3%
Amounts payable 17/49 €986 €1,336 +€350 +35.5%
Amounts payable within one year 42/48 €986 €1,336 +€350 +35.5%
Trade debts 44 €732 €1,095 +€363 +49.6%
Suppliers 440/4 €732 €1,095 +€363 +49.6%
Other amounts payable 47/48 €254 €241 -€13 -5.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €428 - -€428
Other operating charges 640/8 €384 - -€384
Operating profit (loss) 9901 -€813 - +€813
Financial charges 65/66B €200 €151 -€49 -24.7%
Recurring financial charges 65 €200 €151 -€49 -24.7%
Profit (loss) for the period before taxes 9903 -€1,012 -€151 +€862 +85.1%
Profit (loss) for the period 9904 -€1,012 -€151 +€862 +85.1%
Profit (loss) for the period to be appropriated 9905 -€1,012 -€151 +€862 +85.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.