C&S Excellent: 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 Excellent
Largest movements
- Receivables within one year +€15,939
up €15,939 (+452.8%), from €3,520 to €19,459
of which Other amounts receivable: +€16,468
- Tangible fixed assets -€4,000
down €4,000 (-42.9%), from €9,333 to €5,333
- Cash -€1,416
down €1,416 (-99.7%), from €1,421 to €4
mainly Receivables within one year (-€15,939) and Tax, wage and social debts (-€15,043)
- Deferred charges and accrued income +€335
up €335 (+176.5%), from €190 to €524
- Profit (loss) carried forward +€16,818
up €16,818 (+19.0%), from -€88,747 to -€71,929
- Tax, wage and social debts -€15,043
down €15,043 (-48.3%), from €31,158 to €16,115
of which Remuneration and social security: -€14,792
- Advances received +€12,546
new in 2025: €12,546
- Other debts -€7,077
down €7,077 (-14.4%), from €49,010 to €41,933
- Trade debts +€3,495
up €3,495 (+114.8%), from €3,043 to €6,538
- Gross operating margin +€39,531
up €39,531, from -€17,943 to €21,588
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 | €14,464 | €25,321 | +€10,857 | +75.1% |
| Fixed assets | 21/28 | €9,333 | €5,333 | -€4,000 | -42.9% |
| Tangible fixed assets | 22/27 | €9,333 | €5,333 | -€4,000 | -42.9% |
| Plant, machinery and equipment | 23 | €9,333 | €5,333 | -€4,000 | -42.9% |
| Current assets | 29/58 | €5,130 | €19,988 | +€14,857 | +289.6% |
| Amounts receivable within one year | 40/41 | €3,520 | €19,459 | +€15,939 | +452.8% |
| Trade receivables | 40 | €3,520 | €2,991 | -€529 | -15.0% |
| Other amounts receivable | 41 | - | €16,468 | +€16,468 | |
| Cash at bank and in hand | 54/58 | €1,421 | €4 | -€1,416 | -99.7% |
| Deferred charges and accrued income | 490/1 | €190 | €524 | +€335 | +176.5% |
| Total equity and liabilities | 10/49 | €14,464 | €25,321 | +€10,857 | +75.1% |
| Equity | 10/15 | -€68,747 | -€51,929 | +€16,818 | +24.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,747 | -€71,929 | +€16,818 | +19.0% |
| Amounts payable | 17/49 | €83,211 | €77,250 | -€5,961 | -7.2% |
| Amounts payable within one year | 42/48 | €83,211 | €77,250 | -€5,961 | -7.2% |
| Financial debts | 43 | - | €119 | +€119 | |
| Credit institutions | 430/8 | - | €119 | +€119 | |
| Trade debts | 44 | €3,043 | €6,538 | +€3,495 | +114.8% |
| Suppliers | 440/4 | €3,043 | €6,538 | +€3,495 | +114.8% |
| Advances received on contracts in progress | 46 | - | €12,546 | +€12,546 | |
| Taxes, remuneration and social security | 45 | €31,158 | €16,115 | -€15,043 | -48.3% |
| Taxes | 450/3 | €3,137 | €2,886 | -€251 | -8.0% |
| Remuneration and social security | 454/9 | €28,021 | €13,229 | -€14,792 | -52.8% |
| Other amounts payable | 47/48 | €49,010 | €41,933 | -€7,077 | -14.4% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,000 | = | 0.0% |
| Other operating charges | 640/8 | €925 | €710 | -€214 | -23.2% |
| Gross operating margin | 9900 | -€17,943 | €21,588 | +€39,531 | |
| Operating profit (loss) | 9901 | -€22,868 | €16,878 | +€39,746 | |
| Financial charges | 65/66B | €168 | €60 | -€109 | -64.5% |
| Recurring financial charges | 65 | €168 | €60 | -€109 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,036 | €16,818 | +€39,854 | |
| Profit (loss) for the period | 9904 | -€23,036 | €16,818 | +€39,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,036 | €16,818 | +€39,854 |
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 12 October 2026 via checked.be.