C-Son: 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-Son
Largest movements
- Tangible fixed assets +€19,431
up €19,431 (+39.4%), from €49,263 to €68,694
of which Other tangible fixed assets: +€22,802
- Cash -€10,460
down €10,460 (-58.9%), from €17,751 to €7,291
mainly Investment in fixed assets (net) (-€48,775) and Trade debts (-€27,667)
- Receivables within one year +€6,896
up €6,896 (+136.3%), from €5,059 to €11,955
of which Other amounts receivable: +€6,958
- Stocks and contracts +€1,281
up €1,281 (+9.5%), from €13,546 to €14,826
- Reserves +€42,518
up €42,518 (+876.4%), from €4,852 to €47,369
of which Distributable reserves: +€42,518
- Trade debts -€27,667
down €27,667 (-52.3%), from €52,944 to €25,277
- Profit (loss) carried forward +€9,657
up €9,657, from -€9,657 to €0
- Debts after one year +€8,897
up €8,897 (+196.3%), from €4,532 to €13,429
- Short-term financial debts -€6,331
down €6,331 (-100.0%), from €6,331 to €0
- Gross operating margin +€48,871
up €48,871 (+52.3%), from €93,517 to €142,388
- Staff costs -€18,023
down €18,023 (-45.6%), from €39,506 to €21,483
- Taxes +€17,337
up €17,337 (+539.3%), from €3,215 to €20,552
- Financial charges +€1,966
up €1,966 (+22.0%), from €8,949 to €10,915
- Other operating charges -€1,837
down €1,837 (-20.3%), from €9,033 to €7,196
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 | €89,149 | €105,934 | +€16,786 | +18.8% |
| Fixed assets | 21/28 | €52,088 | €70,686 | +€18,598 | +35.7% |
| Intangible fixed assets | 21 | €2,095 | €1,261 | -€833 | -39.8% |
| Tangible fixed assets | 22/27 | €49,263 | €68,694 | +€19,431 | +39.4% |
| Plant, machinery and equipment | 23 | €8,099 | €7,086 | -€1,014 | -12.5% |
| Furniture and vehicles | 24 | €28,206 | €25,850 | -€2,357 | -8.4% |
| Other tangible fixed assets | 26 | €12,957 | €35,759 | +€22,802 | +176.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €37,061 | €35,249 | -€1,812 | -4.9% |
| Stocks and contracts in progress | 3 | €13,546 | €14,826 | +€1,281 | +9.5% |
| Stocks | 30/36 | €13,546 | €14,826 | +€1,281 | +9.5% |
| Amounts receivable within one year | 40/41 | €5,059 | €11,955 | +€6,896 | +136.3% |
| Trade receivables | 40 | €4,774 | €4,712 | -€62 | -1.3% |
| Other amounts receivable | 41 | €285 | €7,244 | +€6,958 | +2438.2% |
| Cash at bank and in hand | 54/58 | €17,751 | €7,291 | -€10,460 | -58.9% |
| Deferred charges and accrued income | 490/1 | €705 | €1,176 | +€471 | +66.8% |
| Total equity and liabilities | 10/49 | €89,149 | €105,934 | +€16,786 | +18.8% |
| Equity | 10/15 | €1,394 | €53,569 | +€52,175 | +3741.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,852 | €47,369 | +€42,518 | +876.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,997 | €2,997 | = | 0.0% |
| Distributable reserves | 133 | - | €42,518 | +€42,518 | |
| Profit (loss) carried forward | 14 | -€9,657 | €0 | +€9,657 | |
| Amounts payable | 17/49 | €87,754 | €52,365 | -€35,389 | -40.3% |
| Amounts payable after more than one year | 17 | €4,532 | €13,429 | +€8,897 | +196.3% |
| Financial debts | 170/4 | €4,532 | €13,429 | +€8,897 | +196.3% |
| Amounts payable within one year | 42/48 | €83,222 | €38,572 | -€44,650 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €8,231 | €7,254 | -€977 | -11.9% |
| Financial debts | 43 | €6,331 | €0 | -€6,331 | -100.0% |
| Credit institutions | 430/8 | €6,331 | €0 | -€6,331 | -100.0% |
| Trade debts | 44 | €52,944 | €25,277 | -€27,667 | -52.3% |
| Suppliers | 440/4 | €52,944 | €25,277 | -€27,667 | -52.3% |
| Advances received on contracts in progress | 46 | €1,840 | €0 | -€1,840 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,030 | €6,042 | -€2,988 | -33.1% |
| Taxes | 450/3 | €8,196 | €3,379 | -€4,817 | -58.8% |
| Remuneration and social security | 454/9 | €834 | €2,663 | +€1,829 | +219.3% |
| Other amounts payable | 47/48 | €4,847 | €0 | -€4,847 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €365 | +€365 | |
| Non-recurring operating income | 76A | - | €5,624 | +€5,624 | |
| Remuneration, social security and pensions | 62 | €39,506 | €21,483 | -€18,023 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,502 | €30,177 | +€1,675 | +5.9% |
| Other operating charges | 640/8 | €9,033 | €7,196 | -€1,837 | -20.3% |
| Non-recurring operating charges | 66A | - | €172 | +€172 | |
| Gross operating margin | 9900 | €93,517 | €142,388 | +€48,871 | +52.3% |
| Operating profit (loss) | 9901 | €16,477 | €83,360 | +€66,883 | +405.9% |
| Financial income | 75/76B | €192 | €281 | +€89 | +46.5% |
| Recurring financial income | 75 | €192 | €281 | +€89 | +46.5% |
| Financial charges | 65/66B | €8,949 | €10,915 | +€1,966 | +22.0% |
| Recurring financial charges | 65 | €8,949 | €10,915 | +€1,966 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €7,721 | €72,727 | +€65,006 | +842.0% |
| Income taxes | 67/77 | €3,215 | €20,552 | +€17,337 | +539.3% |
| Profit (loss) for the period | 9904 | €4,506 | €52,175 | +€47,669 | +1057.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,506 | €52,175 | +€47,669 | +1057.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.