C.P.C.: 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.P.C.
Largest movements
- Tangible fixed assets -€103,152
down €103,152 (-7.8%), from €1.3m to €1.2m
of which Land and buildings: -€103,125
- Reserves -€58,565
down €58,565 (-10.5%), from €557,182 to €498,617
of which Tax-exempt reserves: -€47,947
- Debts after one year -€50,004
down €50,004 (-35.3%), from €141,638 to €91,634
- Provisions -€15,982
down €15,982 (-9.0%), from €178,106 to €162,124
- Other debts +€15,155
up €15,155 (+3.9%), from €392,663 to €407,818
- Write-downs +€11,503
new in 2025: €11,503
- Gross operating margin +€9,762
up €9,762 (+22.0%), from €44,395 to €54,157
- Depreciation -€4,894
down €4,894 (-4.4%), from €110,407 to €105,513
- Financial charges -€2,212
down €2,212 (-27.5%), from €8,058 to €5,845
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 | €1,339,934 | €1,229,494 | -€110,440 | -8.2% |
| Fixed assets | 21/28 | €1,327,131 | €1,223,980 | -€103,152 | -7.8% |
| Tangible fixed assets | 22/27 | €1,327,131 | €1,223,980 | -€103,152 | -7.8% |
| Land and buildings | 22 | €1,327,104 | €1,223,980 | -€103,125 | -7.8% |
| Furniture and vehicles | 24 | €27 | €0 | -€27 | -100.0% |
| Current assets | 29/58 | €12,803 | €5,514 | -€7,288 | -56.9% |
| Amounts receivable within one year | 40/41 | €1,674 | €0 | -€1,674 | -100.0% |
| Trade receivables | 40 | €1,674 | €0 | -€1,674 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,161 | €3,377 | -€5,784 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,967 | €2,137 | +€170 | +8.7% |
| Total equity and liabilities | 10/49 | €1,339,934 | €1,229,494 | -€110,440 | -8.2% |
| Equity | 10/15 | €575,782 | €517,217 | -€58,565 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,182 | €498,617 | -€58,565 | -10.5% |
| Tax-exempt reserves | 132 | €534,319 | €486,372 | -€47,947 | -9.0% |
| Distributable reserves | 133 | €22,863 | €12,245 | -€10,618 | -46.4% |
| Provisions and deferred taxes | 16 | €178,106 | €162,124 | -€15,982 | -9.0% |
| Deferred taxes | 168 | €178,106 | €162,124 | -€15,982 | -9.0% |
| Amounts payable | 17/49 | €586,046 | €550,153 | -€35,893 | -6.1% |
| Amounts payable after more than one year | 17 | €141,638 | €91,634 | -€50,004 | -35.3% |
| Financial debts | 170/4 | €141,638 | €91,634 | -€50,004 | -35.3% |
| Amounts payable within one year | 42/48 | €444,408 | €458,519 | +€14,111 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €50,004 | €50,004 | = | 0.0% |
| Trade debts | 44 | €1,741 | €696 | -€1,045 | -60.0% |
| Suppliers | 440/4 | €1,741 | €696 | -€1,045 | -60.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €392,663 | €407,818 | +€15,155 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,407 | €105,513 | -€4,894 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,503 | +€11,503 | |
| Other operating charges | 640/8 | €5,716 | €5,843 | +€127 | +2.2% |
| Gross operating margin | 9900 | €44,395 | €54,157 | +€9,762 | +22.0% |
| Operating profit (loss) | 9901 | -€71,727 | -€68,702 | +€3,025 | +4.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,058 | €5,845 | -€2,212 | -27.5% |
| Recurring financial charges | 65 | €8,058 | €5,845 | -€2,212 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€79,785 | -€74,547 | +€5,238 | +6.6% |
| Transfer from deferred taxes | 780 | €15,982 | €15,982 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€63,803 | -€58,565 | +€5,238 | +8.2% |
| Transfer from tax-exempt reserves | 789 | €47,947 | €47,947 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,856 | -€10,618 | +€5,238 | +33.0% |
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 3 October 2026 via checked.be.