C²S: 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.
C²S
Largest movements
- Receivables within one year +€18,834
up €18,834 (+28.1%), from €67,018 to €85,852
of which Trade receivables: +€19,693
- Tangible fixed assets -€15,133
down €15,133 (-26.7%), from €56,597 to €41,464
- Short-term financial debts +€31,461
up €31,461 (+48.4%), from €65,000 to €96,461
- Other debts -€14,138
down €14,138 (-31.8%), from €44,445 to €30,307
- Debts after one year -€10,315
down €10,315 (-29.1%), from €35,443 to €25,129
- Profit (loss) carried forward -€6,386
down €6,386 (-911.9%), from -€700 to -€7,086
- Financial charges +€6,156
up €6,156 (+80.4%), from €7,661 to €13,817
- Gross operating margin +€2,925
up €2,925 (+16.2%), from €18,067 to €20,992
- Depreciation +€2,718
up €2,718 (+18.5%), from €14,723 to €17,441
- Taxes -€1,067
down €1,067, from €903 to -€165
- Other operating charges -€870
down €870 (-46.1%), from €1,888 to €1,018
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 | €274,087 | €277,316 | +€3,229 | +1.2% |
| Fixed assets | 21/28 | €56,597 | €41,464 | -€15,133 | -26.7% |
| Tangible fixed assets | 22/27 | €56,597 | €41,464 | -€15,133 | -26.7% |
| Furniture and vehicles | 24 | €56,597 | €41,464 | -€15,133 | -26.7% |
| Current assets | 29/58 | €217,489 | €235,852 | +€18,362 | +8.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,018 | €85,852 | +€18,834 | +28.1% |
| Trade receivables | 40 | €66,158 | €85,852 | +€19,693 | +29.8% |
| Other amounts receivable | 41 | €860 | - | -€860 | |
| Cash at bank and in hand | 54/58 | €471 | - | -€471 | |
| Total equity and liabilities | 10/49 | €274,087 | €277,316 | +€3,229 | +1.2% |
| Equity | 10/15 | €79,830 | €73,444 | -€6,386 | -8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €18,530 | €18,530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,470 | €1,470 | = | 0.0% |
| Distributable reserves | 133 | €10,860 | €10,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€700 | -€7,086 | -€6,386 | -911.9% |
| Amounts payable | 17/49 | €194,257 | €203,872 | +€9,615 | +4.9% |
| Amounts payable after more than one year | 17 | €35,443 | €25,129 | -€10,315 | -29.1% |
| Financial debts | 170/4 | €35,443 | €25,129 | -€10,315 | -29.1% |
| Amounts payable within one year | 42/48 | €158,814 | €178,743 | +€19,929 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €10,315 | +€490 | +5.0% |
| Financial debts | 43 | €65,000 | €96,461 | +€31,461 | +48.4% |
| Credit institutions | 430/8 | €65,000 | €96,461 | +€31,461 | +48.4% |
| Trade debts | 44 | €34,326 | €34,373 | +€46 | +0.1% |
| Suppliers | 440/4 | €34,326 | €34,373 | +€46 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,218 | €7,288 | +€2,070 | +39.7% |
| Taxes | 450/3 | €5,218 | €7,288 | +€2,070 | +39.7% |
| Other amounts payable | 47/48 | €44,445 | €30,307 | -€14,138 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,723 | €17,441 | +€2,718 | +18.5% |
| Other operating charges | 640/8 | €1,888 | €1,018 | -€870 | -46.1% |
| Gross operating margin | 9900 | €18,067 | €20,992 | +€2,925 | +16.2% |
| Operating profit (loss) | 9901 | €1,457 | €2,534 | +€1,077 | +73.9% |
| Financial income | 75/76B | €3,930 | €4,679 | +€749 | +19.1% |
| Recurring financial income | 75 | €3,930 | €4,679 | +€749 | +19.1% |
| Financial charges | 65/66B | €7,661 | €13,817 | +€6,156 | +80.4% |
| Recurring financial charges | 65 | €7,661 | €13,817 | +€6,156 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,274 | -€6,604 | -€4,330 | -190.4% |
| Income taxes | 67/77 | €903 | -€165 | -€1,067 | |
| Profit (loss) for the period | 9904 | -€3,177 | -€6,440 | -€3,263 | -102.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,177 | -€6,440 | -€3,263 | -102.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.