C&O1: 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&O1
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,021
up €1,021, from -€875 to €146
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 | €146,123 | €145,405 | -€718 | -0.5% |
| Fixed assets | 21/28 | €134,611 | €133,387 | -€1,224 | -0.9% |
| Intangible fixed assets | 21 | €11,250 | €11,250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €123,361 | €122,137 | -€1,224 | -1.0% |
| Land and buildings | 22 | €123,361 | €122,137 | -€1,224 | -1.0% |
| Current assets | 29/58 | €11,511 | €12,017 | +€506 | +4.4% |
| Amounts receivable within one year | 40/41 | €11,506 | €11,560 | +€53 | +0.5% |
| Other amounts receivable | 41 | €11,506 | €11,560 | +€53 | +0.5% |
| Cash at bank and in hand | 54/58 | €5 | €458 | +€453 | +9071.7% |
| Total equity and liabilities | 10/49 | €146,123 | €145,405 | -€718 | -0.5% |
| Equity | 10/15 | -€16,831 | -€18,014 | -€1,183 | -7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,831 | -€38,014 | -€1,183 | -3.2% |
| Amounts payable | 17/49 | €162,953 | €163,419 | +€465 | +0.3% |
| Amounts payable within one year | 42/48 | €162,953 | €163,419 | +€465 | +0.3% |
| Trade debts | 44 | €1,060 | €400 | -€660 | -62.3% |
| Suppliers | 440/4 | €1,060 | €400 | -€660 | -62.3% |
| Other amounts payable | 47/48 | €161,893 | €163,019 | +€1,126 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,224 | €1,224 | = | 0.0% |
| Gross operating margin | 9900 | -€875 | €146 | +€1,021 | |
| Operating profit (loss) | 9901 | -€2,100 | -€1,078 | +€1,021 | +48.7% |
| Financial charges | 65/66B | €105 | €105 | +€0 | +0.1% |
| Recurring financial charges | 65 | €105 | €105 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,205 | -€1,183 | +€1,021 | +46.3% |
| Profit (loss) for the period | 9904 | -€2,205 | -€1,183 | +€1,021 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,205 | -€1,183 | +€1,021 | +46.3% |
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 8 October 2026 via checked.be.