C & T: 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 & T
Largest movements
- Tangible fixed assets +€116,762
up €116,762 (+36.4%), from €320,520 to €437,282
of which Furniture and vehicles: +€72,409
- Receivables within one year +€18,230
up €18,230 (+483.4%), from €3,771 to €22,001
of which Other amounts receivable: +€19,283
- Stocks and contracts +€10,000
up €10,000 (+10.1%), from €99,100 to €109,100
- Deferred charges and accrued income +€8,223
up €8,223 (+599.8%), from €1,371 to €9,594
- Other debts +€312,158
up €312,158 (+23.9%), from €1.3m to €1.6m
- Profit (loss) carried forward -€156,866
down €156,866 (-14.2%), from -€1.1m to -€1.3m
- Gross operating margin +€90,329
up €90,329 (+58.9%), from -€153,401 to -€63,072
- Other operating charges -€9,020
down €9,020 (-50.5%), from €17,846 to €8,826
- Staff costs +€2,272
up €2,272 (+29.7%), from €7,659 to €9,931
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 | €425,908 | €582,880 | +€156,972 | +36.9% |
| Fixed assets | 21/28 | €320,815 | €437,577 | +€116,762 | +36.4% |
| Tangible fixed assets | 22/27 | €320,520 | €437,282 | +€116,762 | +36.4% |
| Land and buildings | 22 | €10,920 | €10,920 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,763 | €65,116 | +€44,353 | +213.6% |
| Furniture and vehicles | 24 | €288,837 | €361,246 | +€72,409 | +25.1% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €105,093 | €145,303 | +€40,210 | +38.3% |
| Stocks and contracts in progress | 3 | €99,100 | €109,100 | +€10,000 | +10.1% |
| Stocks | 30/36 | €99,100 | €109,100 | +€10,000 | +10.1% |
| Amounts receivable within one year | 40/41 | €3,771 | €22,001 | +€18,230 | +483.4% |
| Trade receivables | 40 | €1,113 | €60 | -€1,053 | -94.6% |
| Other amounts receivable | 41 | €2,658 | €21,941 | +€19,283 | +725.5% |
| Cash at bank and in hand | 54/58 | €851 | €4,608 | +€3,757 | +441.5% |
| Deferred charges and accrued income | 490/1 | €1,371 | €9,594 | +€8,223 | +599.8% |
| Total equity and liabilities | 10/49 | €425,908 | €582,880 | +€156,972 | +36.9% |
| Equity | 10/15 | -€880,952 | -€1,037,818 | -€156,866 | -17.8% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,100,952 | -€1,257,818 | -€156,866 | -14.2% |
| Amounts payable | 17/49 | €1,306,860 | €1,620,698 | +€313,838 | +24.0% |
| Amounts payable within one year | 42/48 | €1,305,326 | €1,620,698 | +€315,372 | +24.2% |
| Trade debts | 44 | - | €3,188 | +€3,188 | |
| Suppliers | 440/4 | - | €3,188 | +€3,188 | |
| Taxes, remuneration and social security | 45 | €849 | €875 | +€26 | +3.1% |
| Remuneration and social security | 454/9 | €849 | €875 | +€26 | +3.1% |
| Other amounts payable | 47/48 | €1,304,477 | €1,616,635 | +€312,158 | +23.9% |
| Accrued charges and deferred income | 492/3 | €1,534 | - | -€1,534 | |
| Remuneration, social security and pensions | 62 | €7,659 | €9,931 | +€2,272 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,797 | €74,932 | -€865 | -1.1% |
| Other operating charges | 640/8 | €17,846 | €8,826 | -€9,020 | -50.5% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | -€153,401 | -€63,072 | +€90,329 | +58.9% |
| Operating profit (loss) | 9901 | -€254,703 | -€156,877 | +€97,826 | +38.4% |
| Financial income | 75/76B | €916 | €56 | -€860 | -93.9% |
| Recurring financial income | 75 | €916 | €56 | -€860 | -93.9% |
| Non-recurring financial income | 76B | €916 | - | -€916 | |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | -€253,787 | -€156,866 | +€96,921 | +38.2% |
| Profit (loss) for the period | 9904 | -€253,787 | -€156,866 | +€96,921 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€253,787 | -€156,866 | +€96,921 | +38.2% |
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 5 October 2026 via checked.be.