C-QUARTER: 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-QUARTER
Largest movements
- Cash -€51,343
down €51,343 (-94.9%), from €54,091 to €2,748
mainly Other debts (-€53,655) and Receivables within one year (-€8,851)
- Receivables within one year +€8,851
up €8,851 (+13.9%), from €63,512 to €72,363
of which Trade receivables: +€9,109
- Tangible fixed assets -€8,601
down €8,601 (-25.3%), from €33,966 to €25,365
of which Other tangible fixed assets: -€8,598
- Other debts -€53,655
down €53,655 (-36.5%), from €146,828 to €93,173
- Gross operating margin -€16,941
down €16,941 (-57.7%), from €29,364 to €12,423
- Financial charges -€11,759
down €11,759 (-98.5%), from €11,934 to €175
- Depreciation -€693
down €693 (-7.5%), from €9,294 to €8,601
- Taxes +€406
new in 2025: €406
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 | €151,744 | €100,652 | -€51,092 | -33.7% |
| Fixed assets | 21/28 | €34,141 | €25,540 | -€8,601 | -25.2% |
| Tangible fixed assets | 22/27 | €33,966 | €25,365 | -€8,601 | -25.3% |
| Plant, machinery and equipment | 23 | €3 | - | -€3 | |
| Other tangible fixed assets | 26 | €33,963 | €25,365 | -€8,598 | -25.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €117,603 | €75,112 | -€42,491 | -36.1% |
| Amounts receivable within one year | 40/41 | €63,512 | €72,363 | +€8,851 | +13.9% |
| Trade receivables | 40 | €62,254 | €71,363 | +€9,109 | +14.6% |
| Other amounts receivable | 41 | €1,258 | €1,000 | -€258 | -20.5% |
| Cash at bank and in hand | 54/58 | €54,091 | €2,748 | -€51,343 | -94.9% |
| Total equity and liabilities | 10/49 | €151,744 | €100,652 | -€51,092 | -33.7% |
| Equity | 10/15 | €4,916 | €6,030 | +€1,114 | +22.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,816 | €5,930 | +€1,114 | +23.1% |
| Amounts payable | 17/49 | €146,828 | €94,622 | -€52,206 | -35.6% |
| Amounts payable within one year | 42/48 | €146,828 | €94,622 | -€52,206 | -35.6% |
| Trade debts | 44 | - | €777 | +€777 | |
| Suppliers | 440/4 | - | €777 | +€777 | |
| Taxes, remuneration and social security | 45 | - | €671 | +€671 | |
| Taxes | 450/3 | - | €671 | +€671 | |
| Other amounts payable | 47/48 | €146,828 | €93,173 | -€53,655 | -36.5% |
| Non-recurring operating income | 76A | €39,731 | €6,762 | -€32,970 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,294 | €8,601 | -€693 | -7.5% |
| Other operating charges | 640/8 | €1,216 | €1,198 | -€18 | -1.4% |
| Non-recurring operating charges | 66A | - | €929 | +€929 | |
| Gross operating margin | 9900 | €29,364 | €12,423 | -€16,941 | -57.7% |
| Operating profit (loss) | 9901 | €18,854 | €1,695 | -€17,159 | -91.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €11,934 | €175 | -€11,759 | -98.5% |
| Recurring financial charges | 65 | €11,934 | €175 | -€11,759 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €6,922 | €1,520 | -€5,402 | -78.0% |
| Transfer from deferred taxes | 780 | €7,946 | - | -€7,946 | |
| Transfer to deferred taxes | 680 | €7,946 | - | -€7,946 | |
| Income taxes | 67/77 | - | €406 | +€406 | |
| Profit (loss) for the period | 9904 | €6,922 | €1,114 | -€5,808 | -83.9% |
| Transfer from tax-exempt reserves | 789 | €31,785 | - | -€31,785 | |
| Transfer to tax-exempt reserves | 689 | €31,785 | - | -€31,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €1,114 | -€5,808 | -83.9% |
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 13 October 2026 via checked.be.