C.S.A.: 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.S.A.
Largest movements
- Current investments -€20,000
down €20,000 (-22.2%), from €90,000 to €70,000
- Tangible fixed assets -€8,565
down €8,565 (-48.3%), from €17,747 to €9,182
of which Furniture and vehicles: -€8,333
- Receivables within one year +€3,307
up €3,307 (+14.8%), from €22,309 to €25,616
of which Other amounts receivable: +€3,307
- Tax, wage and social debts -€24,367
down €24,367 (-89.7%), from €27,158 to €2,791
- Financial income -€1,307
down €1,307 (-61.4%), from €2,127 to €821
- Other operating charges +€389
up €389 (+96.9%), from €402 to €791
- Taxes -€362
down €362 (-45.1%), from €803 to €441
- Gross operating margin -€116
down €116 (-1.3%), from €8,919 to €8,803
- Financial charges -€94
down €94 (-58.9%), from €159 to €65
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 | €136,253 | €111,851 | -€24,401 | -17.9% |
| Fixed assets | 21/28 | €17,747 | €9,182 | -€8,565 | -48.3% |
| Tangible fixed assets | 22/27 | €17,747 | €9,182 | -€8,565 | -48.3% |
| Land and buildings | 22 | €2,770 | €2,538 | -€232 | -8.4% |
| Furniture and vehicles | 24 | €14,977 | €6,644 | -€8,333 | -55.6% |
| Current assets | 29/58 | €118,506 | €102,670 | -€15,836 | -13.4% |
| Amounts receivable within one year | 40/41 | €22,309 | €25,616 | +€3,307 | +14.8% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €7,789 | €11,096 | +€3,307 | +42.5% |
| Current investments | 50/53 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Cash at bank and in hand | 54/58 | €6,197 | €7,054 | +€857 | +13.8% |
| Total equity and liabilities | 10/49 | €136,253 | €111,851 | -€24,401 | -17.9% |
| Equity | 10/15 | €109,095 | €108,856 | -€239 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €96,695 | €96,456 | -€239 | -0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,695 | €96,456 | -€239 | -0.2% |
| Amounts payable | 17/49 | €27,158 | €2,996 | -€24,163 | -89.0% |
| Amounts payable within one year | 42/48 | €27,158 | €2,996 | -€24,163 | -89.0% |
| Trade debts | 44 | €0 | €204 | +€204 | |
| Suppliers | 440/4 | €0 | €204 | +€204 | |
| Taxes, remuneration and social security | 45 | €27,158 | €2,791 | -€24,367 | -89.7% |
| Taxes | 450/3 | €27,158 | €2,791 | -€24,367 | -89.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,589 | €8,565 | -€23 | -0.3% |
| Other operating charges | 640/8 | €402 | €791 | +€389 | +96.9% |
| Gross operating margin | 9900 | €8,919 | €8,803 | -€116 | -1.3% |
| Operating profit (loss) | 9901 | -€71 | -€553 | -€482 | -676% |
| Financial income | 75/76B | €2,127 | €821 | -€1,307 | -61.4% |
| Recurring financial income | 75 | €2,127 | €821 | -€1,307 | -61.4% |
| Financial charges | 65/66B | €159 | €65 | -€94 | -58.9% |
| Recurring financial charges | 65 | €159 | €65 | -€94 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €1,897 | €202 | -€1,695 | -89.4% |
| Income taxes | 67/77 | €803 | €441 | -€362 | -45.1% |
| Profit (loss) for the period | 9904 | €1,094 | -€239 | -€1,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,094 | -€239 | -€1,333 |
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 26 October 2026 via checked.be.