C&S Group: 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 Group
Largest movements
- Deferred charges and accrued income +€78,537
new in 2025: €78,537
- Cash -€55,443
down €55,443 (-69.6%), from €79,639 to €24,195
mainly Deferred charges and accrued income (-€78,537) and Net result for the year (-€27,758)
- Tangible fixed assets +€20,754
up €20,754 (+1664.2%), from €1,247 to €22,001
- Financial fixed assets +€2,800
up €2,800 (+27.8%), from €10,063 to €12,863
- Debts after one year +€32,392
new in 2025: €32,392
- Trade debts +€30,548
up €30,548 (+34.0%), from €89,930 to €120,478
- Profit (loss) carried forward -€27,758
down €27,758 (-99.9%), from €27,783 to €25
- Current portion of long-term debt +€14,655
new in 2025: €14,655
- Tax, wage and social debts -€2,986
down €2,986 (-8.6%), from €34,603 to €31,617
of which Taxes: -€2,341
- Gross operating margin +€42,599
up €42,599 (+17.6%), from €242,673 to €285,272
- Staff costs -€13,149
down €13,149 (-6.0%), from €218,500 to €205,351
- Taxes -€4,691
down €4,691 (-92.5%), from €5,072 to €381
- Depreciation +€2,944
up €2,944 (+1458.0%), from €202 to €3,146
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 | €159,030 | €206,251 | +€47,221 | +29.7% |
| Fixed assets | 21/28 | €11,310 | €34,864 | +€23,554 | +208.3% |
| Tangible fixed assets | 22/27 | €1,247 | €22,001 | +€20,754 | +1664.2% |
| Furniture and vehicles | 24 | €1,247 | €22,001 | +€20,754 | +1664.2% |
| Financial fixed assets | 28 | €10,063 | €12,863 | +€2,800 | +27.8% |
| Current assets | 29/58 | €147,720 | €171,387 | +€23,667 | +16.0% |
| Stocks and contracts in progress | 3 | €25,000 | €26,500 | +€1,500 | +6.0% |
| Stocks | 30/36 | €25,000 | €26,500 | +€1,500 | +6.0% |
| Amounts receivable within one year | 40/41 | €43,081 | €42,154 | -€927 | -2.2% |
| Trade receivables | 40 | €23,309 | €9,541 | -€13,768 | -59.1% |
| Other amounts receivable | 41 | €19,773 | €32,614 | +€12,841 | +64.9% |
| Cash at bank and in hand | 54/58 | €79,639 | €24,195 | -€55,443 | -69.6% |
| Deferred charges and accrued income | 490/1 | - | €78,537 | +€78,537 | |
| Total equity and liabilities | 10/49 | €159,030 | €206,251 | +€47,221 | +29.7% |
| Equity | 10/15 | €30,783 | €3,025 | -€27,758 | -90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,783 | €25 | -€27,758 | -99.9% |
| Amounts payable | 17/49 | €128,247 | €203,226 | +€74,979 | +58.5% |
| Amounts payable after more than one year | 17 | - | €32,392 | +€32,392 | |
| Financial debts | 170/4 | - | €32,392 | +€32,392 | |
| Amounts payable within one year | 42/48 | €124,533 | €166,749 | +€42,216 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,655 | +€14,655 | |
| Trade debts | 44 | €89,930 | €120,478 | +€30,548 | +34.0% |
| Suppliers | 440/4 | €89,930 | €120,478 | +€30,548 | +34.0% |
| Taxes, remuneration and social security | 45 | €34,603 | €31,617 | -€2,986 | -8.6% |
| Taxes | 450/3 | €4,172 | €1,831 | -€2,341 | -56.1% |
| Remuneration and social security | 454/9 | €30,431 | €29,786 | -€645 | -2.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,714 | €4,085 | +€371 | +10.0% |
| Remuneration, social security and pensions | 62 | €218,500 | €205,351 | -€13,149 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €3,146 | +€2,944 | +1458.0% |
| Other operating charges | 640/8 | €509 | €1,742 | +€1,233 | +242.2% |
| Non-recurring operating charges | 66A | - | €101,699 | +€101,699 | |
| Gross operating margin | 9900 | €242,673 | €285,272 | +€42,599 | +17.6% |
| Operating profit (loss) | 9901 | €23,461 | -€26,666 | -€50,128 | |
| Financial income | 75/76B | €638 | €1,489 | +€851 | +133.4% |
| Recurring financial income | 75 | €638 | €1,489 | +€851 | +133.4% |
| Financial charges | 65/66B | €324 | €2,200 | +€1,876 | +579.4% |
| Recurring financial charges | 65 | €324 | €2,200 | +€1,876 | +579.4% |
| Profit (loss) for the period before taxes | 9903 | €23,775 | -€27,377 | -€51,153 | |
| Income taxes | 67/77 | €5,072 | €381 | -€4,691 | -92.5% |
| Profit (loss) for the period | 9904 | €18,703 | -€27,758 | -€46,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,703 | -€27,758 | -€46,461 |
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 7 October 2026 via checked.be.