C.S.: 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.S.
Largest movements
- Receivables within one year +€27,334
up €27,334 (+19.5%), from €140,182 to €167,516
of which Trade receivables: +€22,473
- Stocks and contracts +€6,860
up €6,860 (+53.4%), from €12,845 to €19,705
- Reserves +€36,602
up €36,602 (+9.8%), from €373,489 to €410,091
of which Distributable reserves: +€36,602
- Trade debts +€31,152
up €31,152 (+185.5%), from €16,793 to €47,945
- Other debts -€24,000
down €24,000 (-28.6%), from €84,000 to €60,000
- Profit (loss) carried forward -€14,424
down €14,424 (-54.2%), from €26,602 to €12,177
- Gross operating margin -€45,305
down €45,305 (-36.0%), from €125,929 to €80,624
- Write-downs -€6,826
down €6,826 (-89.0%), from €7,671 to €845
- Other operating charges +€2,077
up €2,077 (+1478.1%), from €141 to €2,217
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 | €552,800 | €583,633 | +€30,833 | +5.6% |
| Fixed assets | 21/28 | €13,174 | €7,436 | -€5,738 | -43.6% |
| Tangible fixed assets | 22/27 | €6,977 | €1,239 | -€5,738 | -82.2% |
| Furniture and vehicles | 24 | €6,977 | €1,239 | -€5,738 | -82.2% |
| Financial fixed assets | 28 | €6,197 | €6,197 | = | 0.0% |
| Current assets | 29/58 | €539,625 | €576,197 | +€36,571 | +6.8% |
| Amounts receivable after more than one year | 29 | €380,000 | €380,000 | = | 0.0% |
| Other amounts receivable | 291 | €380,000 | €380,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,845 | €19,705 | +€6,860 | +53.4% |
| Stocks | 30/36 | €12,845 | €19,705 | +€6,860 | +53.4% |
| Amounts receivable within one year | 40/41 | €140,182 | €167,516 | +€27,334 | +19.5% |
| Trade receivables | 40 | €45,527 | €68,000 | +€22,473 | +49.4% |
| Other amounts receivable | 41 | €94,654 | €99,515 | +€4,861 | +5.1% |
| Cash at bank and in hand | 54/58 | €6,599 | €8,976 | +€2,377 | +36.0% |
| Total equity and liabilities | 10/49 | €552,800 | €583,633 | +€30,833 | +5.6% |
| Equity | 10/15 | €418,683 | €440,860 | +€22,177 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €373,489 | €410,091 | +€36,602 | +9.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €371,630 | €408,232 | +€36,602 | +9.8% |
| Profit (loss) carried forward | 14 | €26,602 | €12,177 | -€14,424 | -54.2% |
| Amounts payable | 17/49 | €134,117 | €142,772 | +€8,656 | +6.5% |
| Amounts payable within one year | 42/48 | €134,117 | €142,772 | +€8,656 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €11,250 | = | 0.0% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €16,793 | €47,945 | +€31,152 | +185.5% |
| Suppliers | 440/4 | €16,793 | €47,945 | +€31,152 | +185.5% |
| Taxes, remuneration and social security | 45 | €2,074 | €3,577 | +€1,503 | +72.5% |
| Taxes | 450/3 | €2,074 | €3,577 | +€1,503 | +72.5% |
| Other amounts payable | 47/48 | €84,000 | €60,000 | -€24,000 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | - | -€257 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,671 | €845 | -€6,826 | -89.0% |
| Other operating charges | 640/8 | €141 | €2,217 | +€2,077 | +1478.1% |
| Gross operating margin | 9900 | €125,929 | €80,624 | -€45,305 | -36.0% |
| Operating profit (loss) | 9901 | €117,861 | €77,562 | -€40,299 | -34.2% |
| Financial income | 75/76B | €18,537 | €19,780 | +€1,244 | +6.7% |
| Recurring financial income | 75 | €18,537 | €19,780 | +€1,244 | +6.7% |
| Financial charges | 65/66B | €1,300 | €935 | -€365 | -28.1% |
| Recurring financial charges | 65 | €1,300 | €935 | -€365 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €135,097 | €96,406 | -€38,690 | -28.6% |
| Income taxes | 67/77 | €14,495 | €14,229 | -€266 | -1.8% |
| Profit (loss) for the period | 9904 | €120,602 | €82,177 | -€38,424 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,602 | €82,177 | -€38,424 | -31.9% |
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 5 October 2026 via checked.be.