c-time: 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-time
Largest movements
- Tangible fixed assets -€9,935
down €9,935 (-27.6%), from €36,019 to €26,084
of which Land and buildings: -€7,400
- Cash +€5,769
up €5,769 (+5.2%), from €111,277 to €117,046
mainly Depreciation (+€9,821) and Other debts (+€1,253)
- Reserves -€4,929
down €4,929 (-3.3%), from €150,830 to €145,900
of which Distributable reserves: -€4,929
- Gross operating margin -€4,300
down €4,300 (-46.2%), from €9,298 to €4,998
- Financial income +€912
up €912 (+166.8%), from €547 to €1,459
of which Non-recurring financial income: +€1,215
- Depreciation +€450
up €450 (+4.8%), from €9,371 to €9,821
- Financial charges +€376
up €376 (+135.1%), from €278 to €654
of which Financial charges: +€262
- Taxes -€261
down €261 (-68.7%), from €380 to €119
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 | €162,362 | €158,978 | -€3,383 | -2.1% |
| Fixed assets | 21/28 | €36,019 | €26,084 | -€9,935 | -27.6% |
| Tangible fixed assets | 22/27 | €36,019 | €26,084 | -€9,935 | -27.6% |
| Land and buildings | 22 | €33,088 | €25,689 | -€7,400 | -22.4% |
| Plant, machinery and equipment | 23 | €161 | - | -€161 | |
| Furniture and vehicles | 24 | €2,770 | €396 | -€2,374 | -85.7% |
| Current assets | 29/58 | €126,343 | €132,894 | +€6,551 | +5.2% |
| Amounts receivable within one year | 40/41 | €15,066 | €15,234 | +€169 | +1.1% |
| Trade receivables | 40 | €5,577 | €9,211 | +€3,634 | +65.2% |
| Other amounts receivable | 41 | €9,489 | €6,023 | -€3,466 | -36.5% |
| Cash at bank and in hand | 54/58 | €111,277 | €117,046 | +€5,769 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €614 | +€614 | |
| Total equity and liabilities | 10/49 | €162,362 | €158,978 | -€3,383 | -2.1% |
| Equity | 10/15 | €157,030 | €152,100 | -€4,929 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,830 | €145,900 | -€4,929 | -3.3% |
| Non-distributable reserves | 130/1 | €83,936 | €83,936 | = | 0.0% |
| Other | 1319 | €83,936 | €83,936 | = | 0.0% |
| Distributable reserves | 133 | €66,894 | €61,964 | -€4,929 | -7.4% |
| Amounts payable | 17/49 | €5,332 | €6,878 | +€1,546 | +29.0% |
| Amounts payable within one year | 42/48 | €3,832 | €5,013 | +€1,181 | +30.8% |
| Trade debts | 44 | €2,064 | €1,340 | -€724 | -35.1% |
| Suppliers | 440/4 | €2,064 | €1,340 | -€724 | -35.1% |
| Taxes, remuneration and social security | 45 | €8 | €661 | +€653 | +8525.6% |
| Taxes | 450/3 | €8 | €661 | +€653 | +8525.6% |
| Other amounts payable | 47/48 | €1,760 | €3,013 | +€1,253 | +71.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,865 | +€365 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,371 | €9,821 | +€450 | +4.8% |
| Other operating charges | 640/8 | €766 | €793 | +€27 | +3.6% |
| Gross operating margin | 9900 | €9,298 | €4,998 | -€4,300 | -46.2% |
| Operating profit (loss) | 9901 | -€839 | -€5,616 | -€4,777 | -569.3% |
| Financial income | 75/76B | €547 | €1,459 | +€912 | +166.8% |
| Recurring financial income | 75 | €547 | €244 | -€303 | -55.4% |
| Non-recurring financial income | 76B | - | €1,215 | +€1,215 | |
| Financial charges | 65/66B | €278 | €654 | +€376 | +135.1% |
| Recurring financial charges | 65 | €278 | €540 | +€262 | +94.3% |
| Non-recurring financial charges | 66B | - | €113 | +€113 | |
| Profit (loss) for the period before taxes | 9903 | -€570 | -€4,811 | -€4,240 | -743.5% |
| Income taxes | 67/77 | €380 | €119 | -€261 | -68.7% |
| Profit (loss) for the period | 9904 | -€950 | -€4,929 | -€3,979 | -418.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€950 | -€4,929 | -€3,979 | -418.9% |
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.