C²Project Participations: 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.
C²Project Participations
Largest movements
- Receivables within one year +€308,913
up €308,913 (+82.2%), from €375,889 to €684,801
of which Trade receivables: +€308,568
- Debts after one year -€1.1m
down €1.1m (-34.0%), from €3.2m to €2.1m
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€77,187 to €974,109
- Trade debts +€275,036
up €275,036 (+79.1%), from €347,503 to €622,539
- Financial income +€1.2m
new in 2025: €1.2m
- Financial charges +€10,262
up €10,262 (+10.1%), from €102,057 to €112,318
- Gross operating margin -€5,912
down €5,912 (-23.4%), from €25,257 to €19,346
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 | €5,972,337 | €6,266,278 | +€293,941 | +4.9% |
| Fixed assets | 21/28 | €5,576,202 | €5,576,202 | = | 0.0% |
| Financial fixed assets | 28 | €5,576,202 | €5,576,202 | = | 0.0% |
| Current assets | 29/58 | €396,135 | €690,076 | +€293,941 | +74.2% |
| Amounts receivable within one year | 40/41 | €375,889 | €684,801 | +€308,913 | +82.2% |
| Trade receivables | 40 | €375,469 | €684,036 | +€308,568 | +82.2% |
| Other amounts receivable | 41 | €420 | €765 | +€345 | +82.2% |
| Cash at bank and in hand | 54/58 | €20,246 | €5,275 | -€14,972 | -73.9% |
| Total equity and liabilities | 10/49 | €5,972,337 | €6,266,278 | +€293,941 | +4.9% |
| Equity | 10/15 | €2,422,813 | €3,529,440 | +€1.1m | +45.7% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other | 1109/19 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | - | €55,331 | +€55,331 | |
| Non-distributable reserves | 130/1 | - | €55,331 | +€55,331 | |
| Legal reserve | 130 | - | €55,331 | +€55,331 | |
| Profit (loss) carried forward | 14 | -€77,187 | €974,109 | +€1.1m | |
| Amounts payable | 17/49 | €3,549,524 | €2,736,838 | -€812,686 | -22.9% |
| Amounts payable after more than one year | 17 | €3,202,021 | €2,114,299 | -€1.1m | -34.0% |
| Financial debts | 170/4 | €3,202,021 | €2,114,299 | -€1.1m | -34.0% |
| Amounts payable within one year | 42/48 | €347,503 | €622,539 | +€275,036 | +79.1% |
| Trade debts | 44 | €347,503 | €622,539 | +€275,036 | +79.1% |
| Suppliers | 440/4 | €347,503 | €622,539 | +€275,036 | +79.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €25,257 | €19,346 | -€5,912 | -23.4% |
| Operating profit (loss) | 9901 | €24,870 | €18,946 | -€5,924 | -23.8% |
| Financial income | 75/76B | - | €1,200,000 | +€1.2m | |
| Recurring financial income | 75 | - | €1,200,000 | +€1.2m | |
| Financial charges | 65/66B | €102,057 | €112,318 | +€10,262 | +10.1% |
| Recurring financial charges | 65 | €102,057 | €112,318 | +€10,262 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,187 | €1,106,627 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€77,187 | €1,106,627 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,187 | €1,106,627 | +€1.2m |
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 19 October 2026 via checked.be.