C'TOUT BON !: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
C'TOUT BON !
Largest movements
- Receivables within one year +€96,134
up €96,134 (+196%), from €49,151 to €145,284
of which Trade receivables: +€96,142
- Tangible fixed assets -€34,245
down €34,245 (-2.2%), from €1.5m to €1.5m
of which Land and buildings: -€21,918
- Stocks and contracts +€18,238
up €18,238 (+85.5%), from €21,341 to €39,579
- Short-term financial debts +€125,000
new in 2025: €125,000
- Profit (loss) carried forward -€98,188
down €98,188 (-50.2%), from -€195,632 to -€293,821
- Trade debts +€30,286
up €30,286 (+14.7%), from €205,661 to €235,947
- Tax, wage and social debts +€23,694
up €23,694 (+117%), from €20,243 to €43,937
of which Remuneration and social security: +€19,332
- Gross operating margin +€135,530
up €135,530 (+289%), from €46,897 to €182,427
- Staff costs +€70,317
up €70,317 (+69.0%), from €101,879 to €172,195
- Depreciation +€28,140
up €28,140 (+75.3%), from €37,381 to €65,521
- Other operating charges +€7,625
up €7,625 (+453%), from €1,685 to €9,310
- Financial charges +€5,998
up €5,998 (+13.6%), from €43,987 to €49,985
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,671,154 | €1,756,475 | +€85,322 | +5.1% |
| Fixed assets | 21/28 | €1,554,741 | €1,518,351 | -€36,389 | -2.3% |
| Intangible fixed assets | 21 | €3,139 | €995 | -€2,144 | -68.3% |
| Tangible fixed assets | 22/27 | €1,545,045 | €1,510,800 | -€34,245 | -2.2% |
| Land and buildings | 22 | €1,492,379 | €1,470,460 | -€21,918 | -1.5% |
| Plant, machinery and equipment | 23 | €13,620 | €10,648 | -€2,972 | -21.8% |
| Furniture and vehicles | 24 | €38,943 | €29,691 | -€9,251 | -23.8% |
| Other tangible fixed assets | 26 | €104 | - | -€104 | |
| Financial fixed assets | 28 | €6,557 | €6,557 | = | 0.0% |
| Current assets | 29/58 | €116,413 | €238,124 | +€121,711 | +105% |
| Stocks and contracts in progress | 3 | €21,341 | €39,579 | +€18,238 | +85.5% |
| Stocks | 30/36 | €21,341 | €39,579 | +€18,238 | +85.5% |
| Amounts receivable within one year | 40/41 | €49,151 | €145,284 | +€96,134 | +196% |
| Trade receivables | 40 | €49,142 | €145,284 | +€96,142 | +196% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €45,316 | €53,160 | +€7,844 | +17.3% |
| Deferred charges and accrued income | 490/1 | €605 | €101 | -€504 | -83.2% |
| Total equity and liabilities | 10/49 | €1,671,154 | €1,756,475 | +€85,322 | +5.1% |
| Equity | 10/15 | €331,534 | €216,628 | -€114,906 | -34.7% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,632 | -€293,821 | -€98,188 | -50.2% |
| Investment grants | 15 | €493,166 | €476,448 | -€16,717 | -3.4% |
| Amounts payable | 17/49 | €1,339,620 | €1,539,848 | +€200,228 | +14.9% |
| Amounts payable after more than one year | 17 | €895,946 | €909,687 | +€13,741 | +1.5% |
| Financial debts | 170/4 | €892,646 | €909,687 | +€17,041 | +1.9% |
| Other amounts payable | 178/9 | €3,300 | - | -€3,300 | |
| Amounts payable within one year | 42/48 | €443,675 | €630,161 | +€186,486 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €42,270 | €46,046 | +€3,776 | +8.9% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €205,661 | €235,947 | +€30,286 | +14.7% |
| Suppliers | 440/4 | €205,661 | €235,947 | +€30,286 | +14.7% |
| Taxes, remuneration and social security | 45 | €20,243 | €43,937 | +€23,694 | +117% |
| Taxes | 450/3 | €5,856 | €10,217 | +€4,361 | +74.5% |
| Remuneration and social security | 454/9 | €14,387 | €33,719 | +€19,332 | +134% |
| Other amounts payable | 47/48 | €175,501 | €179,231 | +€3,731 | +2.1% |
| Non-recurring operating income | 76A | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €101,879 | €172,195 | +€70,317 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,381 | €65,521 | +€28,140 | +75.3% |
| Other operating charges | 640/8 | €1,685 | €9,310 | +€7,625 | +453% |
| Gross operating margin | 9900 | €46,897 | €182,427 | +€135,530 | +289% |
| Operating profit (loss) | 9901 | -€94,048 | -€64,599 | +€29,449 | +31.3% |
| Financial income | 75/76B | €17,387 | €16,737 | -€650 | -3.7% |
| Recurring financial income | 75 | €8,382 | €16,737 | +€8,355 | +99.7% |
| Non-recurring financial income | 76B | €9,005 | - | -€9,005 | |
| Financial charges | 65/66B | €43,987 | €49,985 | +€5,998 | +13.6% |
| Recurring financial charges | 65 | €43,987 | €49,985 | +€5,998 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€120,648 | -€97,847 | +€22,801 | +18.9% |
| Income taxes | 67/77 | €346 | €341 | -€4 | -1.3% |
| Profit (loss) for the period | 9904 | -€120,994 | -€98,188 | +€22,805 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,994 | -€98,188 | +€22,805 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.