C the C: 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 the C
Largest movements
- Current investments +€184,680
up €184,680, from €0 to €184,680
- Cash -€146,423
down €146,423 (-97.1%), from €150,852 to €4,430
mainly Current investments (-€184,680) and Debts after one year (-€45,220)
- Receivables within one year +€37,095
up €37,095 (+18.0%), from €205,833 to €242,928
of which Other amounts receivable: +€45,628
- Tangible fixed assets -€32,608
down €32,608 (-6.6%), from €496,109 to €463,500
of which Furniture and vehicles: -€18,470
- Reserves +€98,360
up €98,360 (+27.7%), from €354,769 to €453,129
of which Distributable reserves: +€100,692
- Debts after one year -€45,220
down €45,220 (-13.5%), from €333,840 to €288,620
- Other debts -€13,567
down €13,567 (-100%), from €13,567 to €0
- Gross operating margin -€67,006
down €67,006 (-27.3%), from €245,280 to €178,274
- Taxes -€21,821
down €21,821 (-33.8%), from €64,630 to €42,809
- Depreciation +€6,097
up €6,097 (+23.0%), from €26,512 to €32,608
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 | €862,237 | €906,132 | +€43,895 | +5.1% |
| Fixed assets | 21/28 | €496,109 | €463,500 | -€32,608 | -6.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €496,109 | €463,500 | -€32,608 | -6.6% |
| Land and buildings | 22 | €423,394 | €409,445 | -€13,949 | -3.3% |
| Plant, machinery and equipment | 23 | €943 | €753 | -€190 | -20.2% |
| Furniture and vehicles | 24 | €71,772 | €53,303 | -€18,470 | -25.7% |
| Current assets | 29/58 | €366,128 | €442,631 | +€76,503 | +20.9% |
| Amounts receivable within one year | 40/41 | €205,833 | €242,928 | +€37,095 | +18.0% |
| Trade receivables | 40 | €122,494 | €113,961 | -€8,533 | -7.0% |
| Other amounts receivable | 41 | €83,339 | €128,967 | +€45,628 | +54.8% |
| Current investments | 50/53 | €0 | €184,680 | +€184,680 | |
| Cash at bank and in hand | 54/58 | €150,852 | €4,430 | -€146,423 | -97.1% |
| Deferred charges and accrued income | 490/1 | €9,443 | €10,594 | +€1,151 | +12.2% |
| Total equity and liabilities | 10/49 | €862,237 | €906,132 | +€43,895 | +5.1% |
| Equity | 10/15 | €367,169 | €465,529 | +€98,360 | +26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €354,769 | €453,129 | +€98,360 | +27.7% |
| Non-distributable reserves | 130/1 | €2,332 | €0 | -€2,332 | -100% |
| Reserves not available under the articles | 1311 | €2,332 | €0 | -€2,332 | -100% |
| Distributable reserves | 133 | €352,438 | €453,129 | +€100,692 | +28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €495,067 | €440,602 | -€54,465 | -11.0% |
| Amounts payable after more than one year | 17 | €333,840 | €288,620 | -€45,220 | -13.5% |
| Financial debts | 170/4 | €333,840 | €288,620 | -€45,220 | -13.5% |
| Amounts payable within one year | 42/48 | €161,227 | €151,982 | -€9,245 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €43,901 | €45,092 | +€1,191 | +2.7% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €67,535 | €74,128 | +€6,593 | +9.8% |
| Suppliers | 440/4 | €67,535 | €74,128 | +€6,593 | +9.8% |
| Taxes, remuneration and social security | 45 | €36,224 | €32,738 | -€3,486 | -9.6% |
| Taxes | 450/3 | €36,224 | €32,738 | -€3,486 | -9.6% |
| Other amounts payable | 47/48 | €13,567 | €0 | -€13,567 | -100% |
| Non-recurring operating income | 76A | €34,203 | €0 | -€34,203 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,512 | €32,608 | +€6,097 | +23.0% |
| Other operating charges | 640/8 | €1,444 | €2,022 | +€578 | +40.0% |
| Gross operating margin | 9900 | €245,280 | €178,274 | -€67,006 | -27.3% |
| Operating profit (loss) | 9901 | €217,324 | €143,643 | -€73,681 | -33.9% |
| Financial income | 75/76B | €5,532 | €7,432 | +€1,900 | +34.3% |
| Recurring financial income | 75 | €5,532 | €7,432 | +€1,900 | +34.3% |
| Financial charges | 65/66B | €11,243 | €9,906 | -€1,337 | -11.9% |
| Recurring financial charges | 65 | €11,243 | €9,906 | -€1,337 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €211,613 | €141,169 | -€70,444 | -33.3% |
| Income taxes | 67/77 | €64,630 | €42,809 | -€21,821 | -33.8% |
| Profit (loss) for the period | 9904 | €146,983 | €98,360 | -€48,623 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,983 | €98,360 | -€48,623 | -33.1% |
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 17 October 2026 via checked.be.