C&S Estate: what changed
What changed
C&S Estate
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€98,955
2024 · €2,006+€96,949
Equity
€1.4m
2024 · €1.3m+€98,955
Cash
€249,496
2024 · €47,617+€201,879
Balance sheet total
€1.5m
2024 · €1.4m+€117,413
Largest movements
Assets
- Cash +€201,879
up €201,879 (+424%), from €47,617 to €249,496
mainly Net result for the year (+€98,955) and Depreciation (+€54,912)
- Tangible fixed assets -€83,761
down €83,761 (-7.0%), from €1.2m to €1.1m
of which Land and buildings: -€134,655
Equity and liabilities
- Reserves +€98,955
up €98,955 (+7.6%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€102,399
- Provisions +€34,133
new in 2025: €34,133
- Debts after one year -€15,544
down €15,544 (-37.2%), from €41,731 to €26,187
Income statement
- Gross operating margin +€144,335
up €144,335 (+271%), from €53,195 to €197,530
- Depreciation +€9,259
up €9,259 (+20.3%), from €45,653 to €54,912
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,006
Gross operating margin
+€144,335
Depreciation
-€9,259
Other operating charges
+€49
Other operating items
-€4,168
Financial income
-€752
Financial charges
+€934
Taxes
-€57
Deferred taxes and other
-€34,133
Result 2025
€98,955
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€187,847
Investment
+€28,849
Financing
-€14,817
Cash 2024
€47,617
From operations (derived)
+€187,847
Net result for the year
+€98,955
Depreciation
+€54,912
Receivables within one year
+€2,203
Deferred charges and accrued income
-€1,498
Provisions
+€34,133
Trade debts
-€722
Tax, wage and social debts
+€142
Other debts
+€3,573
Accrued charges and deferred income
-€3,851
Investment (derived)
+€28,849
Investment in fixed assets (net)
+€28,849
Financing
-€14,817
Debts after one year
-€15,544
Current portion of long-term debt
+€728
Cash 2025
€249,496
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,411,615 | €1,529,028 | +€117,413 | +8.3% |
| Fixed assets | 21/28 | €1,191,885 | €1,108,124 | -€83,761 | -7.0% |
| Tangible fixed assets | 22/27 | €1,191,885 | €1,108,124 | -€83,761 | -7.0% |
| Land and buildings | 22 | €1,094,971 | €960,316 | -€134,655 | -12.3% |
| Furniture and vehicles | 24 | €96,914 | €75,846 | -€21,067 | -21.7% |
| Assets under construction and advance payments | 27 | - | €71,961 | +€71,961 | |
| Current assets | 29/58 | €219,730 | €420,904 | +€201,174 | +91.6% |
| 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 | €20,677 | €18,474 | -€2,203 | -10.7% |
| Trade receivables | 40 | €11,183 | €9,670 | -€1,513 | -13.5% |
| Other amounts receivable | 41 | €9,494 | €8,804 | -€690 | -7.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €47,617 | €249,496 | +€201,879 | +424% |
| Deferred charges and accrued income | 490/1 | €1,436 | €2,934 | +€1,498 | +104% |
| Total equity and liabilities | 10/49 | €1,411,615 | €1,529,028 | +€117,413 | +8.3% |
| Equity | 10/15 | €1,327,594 | €1,426,550 | +€98,955 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,308,994 | €1,407,950 | +€98,955 | +7.6% |
| Tax-exempt reserves | 132 | - | €102,399 | +€102,399 | |
| Distributable reserves | 133 | €1,308,994 | €1,305,551 | -€3,443 | -0.3% |
| Provisions and deferred taxes | 16 | - | €34,133 | +€34,133 | |
| Deferred taxes | 168 | - | €34,133 | +€34,133 | |
| Amounts payable | 17/49 | €84,020 | €68,345 | -€15,675 | -18.7% |
| Amounts payable after more than one year | 17 | €41,731 | €26,187 | -€15,544 | -37.2% |
| Financial debts | 170/4 | €41,731 | €26,187 | -€15,544 | -37.2% |
| Amounts payable within one year | 42/48 | €38,424 | €42,144 | +€3,720 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €14,817 | €15,544 | +€728 | +4.9% |
| Trade debts | 44 | €2,876 | €2,153 | -€722 | -25.1% |
| Suppliers | 440/4 | €2,876 | €2,153 | -€722 | -25.1% |
| Taxes, remuneration and social security | 45 | €259 | €400 | +€142 | +54.7% |
| Taxes | 450/3 | €259 | €400 | +€142 | +54.7% |
| Other amounts payable | 47/48 | €20,473 | €24,046 | +€3,573 | +17.5% |
| Accrued charges and deferred income | 492/3 | €3,865 | €14 | -€3,851 | -99.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,653 | €54,912 | +€9,259 | +20.3% |
| Other operating charges | 640/8 | €3,357 | €3,308 | -€49 | -1.5% |
| Non-recurring operating charges | 66A | - | €4,168 | +€4,168 | |
| Gross operating margin | 9900 | €53,195 | €197,530 | +€144,335 | +271% |
| Operating profit (loss) | 9901 | €4,185 | €135,142 | +€130,957 | +3,129% |
| Financial income | 75/76B | €3,549 | €2,798 | -€752 | -21.2% |
| Recurring financial income | 75 | €3,549 | €2,798 | -€752 | -21.2% |
| Financial charges | 65/66B | €5,162 | €4,228 | -€934 | -18.1% |
| Recurring financial charges | 65 | €5,162 | €4,228 | -€934 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €2,572 | €133,711 | +€131,139 | +5,098% |
| Transfer from deferred taxes | 780 | - | €2,960 | +€2,960 | |
| Transfer to deferred taxes | 680 | - | €37,093 | +€37,093 | |
| Income taxes | 67/77 | €566 | €623 | +€57 | +10.1% |
| Profit (loss) for the period | 9904 | €2,006 | €98,955 | +€96,949 | +4,832% |
| Transfer from tax-exempt reserves | 789 | - | €8,881 | +€8,881 | |
| Transfer to tax-exempt reserves | 689 | - | €111,280 | +€111,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,006 | -€3,443 | -€5,450 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.