C-STYLE: 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-STYLE
Largest movements
- Cash +€58,052
up €58,052 (+70.6%), from €82,172 to €140,224
mainly Net result for the year (+€36,635) and Receivables within one year (+€27,909)
- Receivables within one year -€27,909
down €27,909 (-96.3%), from €28,980 to €1,072
of which Trade receivables: -€15,488
- Tangible fixed assets -€21,141
down €21,141 (-7.2%), from €293,302 to €272,161
of which Land and buildings: -€12,884
- Reserves +€36,635
up €36,635 (+19.6%), from €187,322 to €223,957
- Other debts -€27,435
down €27,435 (-86.1%), from €31,860 to €4,426
- Trade debts -€7,005
down €7,005 (-33.7%), from €20,770 to €13,765
- Tax, wage and social debts +€6,850
up €6,850 (+31.9%), from €21,451 to €28,302
of which Taxes: +€8,742
- Debts after one year -€5,776
down €5,776 (-3.3%), from €172,565 to €166,788
- Gross operating margin +€41,159
up €41,159 (+16.1%), from €255,948 to €297,107
- Taxes +€17,053
up €17,053 (+296%), from €5,757 to €22,810
- Staff costs -€4,463
down €4,463 (-2.2%), from €199,967 to €195,504
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.
Derived cash bridge
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 | €470,620 | €473,113 | +€2,494 | +0.5% |
| Fixed assets | 21/28 | €293,302 | €272,161 | -€21,141 | -7.2% |
| Tangible fixed assets | 22/27 | €293,302 | €272,161 | -€21,141 | -7.2% |
| Land and buildings | 22 | €269,008 | €256,124 | -€12,884 | -4.8% |
| Plant, machinery and equipment | 23 | €381 | €152 | -€229 | -60.1% |
| Furniture and vehicles | 24 | €22,515 | €15,560 | -€6,955 | -30.9% |
| Other tangible fixed assets | 26 | €1,399 | €326 | -€1,073 | -76.7% |
| Current assets | 29/58 | €177,317 | €200,952 | +€23,635 | +13.3% |
| Stocks and contracts in progress | 3 | €43,186 | €41,186 | -€2,000 | -4.6% |
| Stocks | 30/36 | €43,186 | €41,186 | -€2,000 | -4.6% |
| Amounts receivable within one year | 40/41 | €28,980 | €1,072 | -€27,909 | -96.3% |
| Trade receivables | 40 | €16,125 | €637 | -€15,488 | -96.1% |
| Other amounts receivable | 41 | €12,856 | €435 | -€12,421 | -96.6% |
| Cash at bank and in hand | 54/58 | €82,172 | €140,224 | +€58,052 | +70.6% |
| Deferred charges and accrued income | 490/1 | €22,979 | €18,470 | -€4,509 | -19.6% |
| Total equity and liabilities | 10/49 | €470,620 | €473,113 | +€2,494 | +0.5% |
| Equity | 10/15 | €187,323 | €223,958 | +€36,635 | +19.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €187,322 | €223,957 | +€36,635 | +19.6% |
| Distributable reserves | 133 | €187,322 | €223,957 | +€36,635 | +19.6% |
| Amounts payable | 17/49 | €283,296 | €249,155 | -€34,141 | -12.1% |
| Amounts payable after more than one year | 17 | €172,565 | €166,788 | -€5,776 | -3.3% |
| Financial debts | 170/4 | €172,565 | €166,788 | -€5,776 | -3.3% |
| Amounts payable within one year | 42/48 | €110,732 | €82,367 | -€28,365 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €35,928 | €34,804 | -€1,124 | -3.1% |
| Trade debts | 44 | €20,770 | €13,765 | -€7,005 | -33.7% |
| Suppliers | 440/4 | €20,770 | €13,765 | -€7,005 | -33.7% |
| Advances received on contracts in progress | 46 | €721 | €1,070 | +€349 | +48.4% |
| Taxes, remuneration and social security | 45 | €21,451 | €28,302 | +€6,850 | +31.9% |
| Taxes | 450/3 | €9,041 | €17,784 | +€8,742 | +96.7% |
| Remuneration and social security | 454/9 | €12,410 | €10,518 | -€1,892 | -15.2% |
| Other amounts payable | 47/48 | €31,860 | €4,426 | -€27,435 | -86.1% |
| Remuneration, social security and pensions | 62 | €199,967 | €195,504 | -€4,463 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,799 | €27,342 | +€1,543 | +6.0% |
| Other operating charges | 640/8 | €5,439 | €6,131 | +€692 | +12.7% |
| Non-recurring operating charges | 66A | €2,110 | - | -€2,110 | |
| Gross operating margin | 9900 | €255,948 | €297,107 | +€41,159 | +16.1% |
| Operating profit (loss) | 9901 | €22,632 | €68,129 | +€45,497 | +201% |
| Financial income | 75/76B | €860 | €322 | -€538 | -62.5% |
| Recurring financial income | 75 | €860 | €322 | -€538 | -62.5% |
| Financial charges | 65/66B | €9,375 | €9,007 | -€369 | -3.9% |
| Recurring financial charges | 65 | €9,375 | €9,007 | -€369 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €14,117 | €59,445 | +€45,328 | +321% |
| Income taxes | 67/77 | €5,757 | €22,810 | +€17,053 | +296% |
| Profit (loss) for the period | 9904 | €8,360 | €36,635 | +€28,275 | +338% |
| Profit (loss) for the period to be appropriated | 9905 | €8,360 | €36,635 | +€28,275 | +338% |
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 14 October 2026 via checked.be.