C.S.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.S.
Largest movements
- Tangible fixed assets +€73,508
new in 2025: €73,508
- Receivables within one year +€9,030
up €9,030 (+1.8%), from €515,824 to €524,854
- Reserves +€66,259
up €66,259 (+19.1%), from €346,061 to €412,319
of which Tax-exempt reserves: +€66,259
- Profit (loss) carried forward -€21,565
down €21,565 (-30.7%), from -€70,271 to -€91,835
- Other debts +€18,327
up €18,327 (+67.8%), from €27,035 to €45,362
- Provisions +€16,565
up €16,565 (+14.8%), from €112,255 to €128,820
- Gross operating margin -€334,199
down €334,199 (-78.1%), from €427,819 to €93,619
- Other operating charges -€13,970
down €13,970 (-37.9%), from €36,909 to €22,939
- Depreciation +€9,316
new in 2025: €9,316
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 | €525,773 | €606,694 | +€80,921 | +15.4% |
| Fixed assets | 21/28 | €7,375 | €80,882 | +€73,508 | +996.7% |
| Tangible fixed assets | 22/27 | - | €73,508 | +€73,508 | |
| Land and buildings | 22 | - | €73,508 | +€73,508 | |
| Financial fixed assets | 28 | €7,375 | €7,375 | = | 0.0% |
| Current assets | 29/58 | €518,398 | €525,811 | +€7,413 | +1.4% |
| Amounts receivable within one year | 40/41 | €515,824 | €524,854 | +€9,030 | +1.8% |
| Other amounts receivable | 41 | €515,824 | €524,854 | +€9,030 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,701 | €85 | -€1,617 | -95.0% |
| Deferred charges and accrued income | 490/1 | €873 | €873 | = | 0.0% |
| Total equity and liabilities | 10/49 | €525,773 | €606,694 | +€80,921 | +15.4% |
| Equity | 10/15 | €368,750 | €413,444 | +€44,694 | +12.1% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €346,061 | €412,319 | +€66,259 | +19.1% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €336,765 | €403,023 | +€66,259 | +19.7% |
| Profit (loss) carried forward | 14 | -€70,271 | -€91,835 | -€21,565 | -30.7% |
| Provisions and deferred taxes | 16 | €112,255 | €128,820 | +€16,565 | +14.8% |
| Deferred taxes | 168 | €112,255 | €128,820 | +€16,565 | +14.8% |
| Amounts payable | 17/49 | €44,768 | €64,430 | +€19,662 | +43.9% |
| Amounts payable within one year | 42/48 | €44,768 | €64,430 | +€19,662 | +43.9% |
| Trade debts | 44 | €17,733 | €19,068 | +€1,335 | +7.5% |
| Suppliers | 440/4 | €17,733 | €19,068 | +€1,335 | +7.5% |
| Other amounts payable | 47/48 | €27,035 | €45,362 | +€18,327 | +67.8% |
| Non-recurring operating income | 76A | - | €82,824 | +€82,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,316 | +€9,316 | |
| Other operating charges | 640/8 | €36,909 | €22,939 | -€13,970 | -37.9% |
| Gross operating margin | 9900 | €427,819 | €93,619 | -€334,199 | -78.1% |
| Operating profit (loss) | 9901 | €390,910 | €61,365 | -€329,545 | -84.3% |
| Financial charges | 65/66B | €1,629 | €106 | -€1,523 | -93.5% |
| Recurring financial charges | 65 | €1,629 | €106 | -€1,523 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €389,281 | €61,259 | -€328,022 | -84.3% |
| Transfer to deferred taxes | 680 | €112,255 | €16,565 | -€95,690 | -85.2% |
| Income taxes | 67/77 | €3,402 | - | -€3,402 | |
| Profit (loss) for the period | 9904 | €273,624 | €44,694 | -€228,930 | -83.7% |
| Transfer to tax-exempt reserves | 689 | €336,765 | €66,259 | -€270,506 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,140 | -€21,565 | +€41,576 | +65.8% |
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.