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
- Tangible fixed assets -€11,438
down €11,438 (-15.8%), from €72,229 to €60,791
of which Other tangible fixed assets: -€9,744
- Cash -€5,046
down €5,046 (-24.8%), from €20,373 to €15,327
mainly Debts after one year (-€15,579) and Trade debts (-€6,868)
- Receivables within one year -€2,711
down €2,711 (-48.5%), from €5,585 to €2,874
of which Other amounts receivable: -€2,728
- Deferred charges and accrued income -€1,256
down €1,256 (-61.8%), from €2,032 to €776
- Debts after one year -€15,579
down €15,579 (-71.4%), from €21,832 to €6,253
of which Financial debts: -€8,299
- Trade debts -€6,868
down €6,868 (-89.1%), from €7,706 to €838
- Profit (loss) carried forward +€4,056
up €4,056 (+7.8%), from €52,070 to €56,126
- Tax, wage and social debts -€2,453
down €2,453 (-23.4%), from €10,470 to €8,017
- Gross operating margin -€10,278
down €10,278 (-27.1%), from €37,914 to €27,636
- Turnover -€8,996
down €8,996 (-3.8%), from €238,351 to €229,355
- Other operating charges -€4,037
down €4,037 (-54.1%), from €7,459 to €3,422
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 | €106,106 | €85,449 | -€20,657 | -19.5% |
| Fixed assets | 21/28 | €72,229 | €60,791 | -€11,438 | -15.8% |
| Tangible fixed assets | 22/27 | €72,229 | €60,791 | -€11,438 | -15.8% |
| Plant, machinery and equipment | 23 | €2,058 | €969 | -€1,089 | -52.9% |
| Furniture and vehicles | 24 | €1,192 | €587 | -€605 | -50.8% |
| Other tangible fixed assets | 26 | €68,979 | €59,235 | -€9,744 | -14.1% |
| Current assets | 29/58 | €33,877 | €24,658 | -€9,219 | -27.2% |
| Stocks and contracts in progress | 3 | €5,887 | €5,681 | -€206 | -3.5% |
| Stocks | 30/36 | €5,887 | €5,681 | -€206 | -3.5% |
| Amounts receivable within one year | 40/41 | €5,585 | €2,874 | -€2,711 | -48.5% |
| Trade receivables | 40 | €2,852 | €2,869 | +€17 | +0.6% |
| Other amounts receivable | 41 | €2,733 | €5 | -€2,728 | -99.8% |
| Cash at bank and in hand | 54/58 | €20,373 | €15,327 | -€5,046 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,032 | €776 | -€1,256 | -61.8% |
| Total equity and liabilities | 10/49 | €106,106 | €85,449 | -€20,657 | -19.5% |
| Equity | 10/15 | €58,670 | €62,726 | +€4,056 | +6.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,070 | €56,126 | +€4,056 | +7.8% |
| Amounts payable | 17/49 | €47,436 | €22,723 | -€24,713 | -52.1% |
| Amounts payable after more than one year | 17 | €21,832 | €6,253 | -€15,579 | -71.4% |
| Financial debts | 170/4 | €12,526 | €4,227 | -€8,299 | -66.3% |
| Other amounts payable | 178/9 | €9,306 | €2,026 | -€7,280 | -78.2% |
| Amounts payable within one year | 42/48 | €25,604 | €16,470 | -€9,134 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €7,428 | €7,615 | +€187 | +2.5% |
| Trade debts | 44 | €7,706 | €838 | -€6,868 | -89.1% |
| Suppliers | 440/4 | €7,706 | €838 | -€6,868 | -89.1% |
| Taxes, remuneration and social security | 45 | €10,470 | €8,017 | -€2,453 | -23.4% |
| Taxes | 450/3 | €10,470 | €8,017 | -€2,453 | -23.4% |
| Turnover | 70 | €238,351 | €229,355 | -€8,996 | -3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,437 | €201,719 | +€1,282 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,088 | €11,437 | -€651 | -5.4% |
| Other operating charges | 640/8 | €7,459 | €3,422 | -€4,037 | -54.1% |
| Non-recurring operating charges | 66A | €4,133 | - | -€4,133 | |
| Gross operating margin | 9900 | €37,914 | €27,636 | -€10,278 | -27.1% |
| Operating profit (loss) | 9901 | €14,234 | €12,777 | -€1,457 | -10.2% |
| Financial charges | 65/66B | €3,596 | €5,886 | +€2,290 | +63.7% |
| Recurring financial charges | 65 | €3,596 | €5,886 | +€2,290 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €10,638 | €6,891 | -€3,747 | -35.2% |
| Income taxes | 67/77 | €4,024 | €2,835 | -€1,189 | -29.5% |
| Profit (loss) for the period | 9904 | €6,614 | €4,056 | -€2,558 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,614 | €4,056 | -€2,558 | -38.7% |
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 6 October 2026 via checked.be.