C-TRADING: 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-TRADING
Largest movements
- Receivables within one year -€9,950
down €9,950 (-25.1%), from €39,617 to €29,667
of which Other amounts receivable: -€9,950
- Intangible fixed assets -€1,000
down €1,000 (-10.0%), from €9,975 to €8,975
- Cash -€819
down €819 (-54.3%), from €1,508 to €689
mainly Net result for the year (-€61,782) and Short-term financial debts (-€7,547)
- Profit (loss) carried forward -€61,782
down €61,782, from €0 to -€61,782
- Other debts +€57,471
up €57,471 (+384%), from €14,957 to €72,428
- Short-term financial debts -€7,547
down €7,547 (-53.3%), from €14,166 to €6,620
- Tax, wage and social debts +€1,071
up €1,071 (+223%), from €480 to €1,550
of which Remuneration and social security: +€1,550
- Trade debts -€1,065
down €1,065 (-47.2%), from €2,256 to €1,191
- Staff costs +€65,964
new in 2025: €65,964
- Gross operating margin +€22,673
up €22,673, from -€2,079 to €20,594
- Financial charges +€14,800
up €14,800 (+1,515%), from €977 to €15,777
- Depreciation +€975
up €975 (+911%), from €107 to €1,082
- Financial income -€553
down €553 (-30.7%), from €1,803 to €1,250
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 | €51,513 | €39,660 | -€11,852 | -23.0% |
| Fixed assets | 21/28 | €10,388 | €9,305 | -€1,082 | -10.4% |
| Intangible fixed assets | 21 | €9,975 | €8,975 | -€1,000 | -10.0% |
| Tangible fixed assets | 22/27 | €412 | €330 | -€82 | -20.0% |
| Plant, machinery and equipment | 23 | €412 | €330 | -€82 | -20.0% |
| Current assets | 29/58 | €41,125 | €30,355 | -€10,770 | -26.2% |
| Amounts receivable within one year | 40/41 | €39,617 | €29,667 | -€9,950 | -25.1% |
| Trade receivables | 40 | €10,483 | €10,483 | = | 0.0% |
| Other amounts receivable | 41 | €29,134 | €19,184 | -€9,950 | -34.2% |
| Cash at bank and in hand | 54/58 | €1,508 | €689 | -€819 | -54.3% |
| Total equity and liabilities | 10/49 | €51,513 | €39,660 | -€11,852 | -23.0% |
| Equity | 10/15 | €19,654 | -€42,129 | -€61,782 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,254 | €7,254 | = | 0.0% |
| Distributable reserves | 133 | €7,254 | €7,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€61,782 | -€61,782 | |
| Amounts payable | 17/49 | €31,859 | €81,789 | +€49,930 | +157% |
| Amounts payable within one year | 42/48 | €31,859 | €81,789 | +€49,930 | +157% |
| Financial debts | 43 | €14,166 | €6,620 | -€7,547 | -53.3% |
| Credit institutions | 430/8 | €14,166 | €6,620 | -€7,547 | -53.3% |
| Trade debts | 44 | €2,256 | €1,191 | -€1,065 | -47.2% |
| Suppliers | 440/4 | €2,256 | €1,191 | -€1,065 | -47.2% |
| Taxes, remuneration and social security | 45 | €480 | €1,550 | +€1,071 | +223% |
| Taxes | 450/3 | €480 | €0 | -€480 | -100% |
| Remuneration and social security | 454/9 | - | €1,550 | +€1,550 | |
| Other amounts payable | 47/48 | €14,957 | €72,428 | +€57,471 | +384% |
| Remuneration, social security and pensions | 62 | - | €65,964 | +€65,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €1,082 | +€975 | +911% |
| Other operating charges | 640/8 | €511 | €802 | +€292 | +57.1% |
| Gross operating margin | 9900 | -€2,079 | €20,594 | +€22,673 | |
| Operating profit (loss) | 9901 | -€2,697 | -€47,255 | -€44,558 | -1,652% |
| Financial income | 75/76B | €1,803 | €1,250 | -€553 | -30.7% |
| Recurring financial income | 75 | €1,803 | €1,250 | -€553 | -30.7% |
| Financial charges | 65/66B | €977 | €15,777 | +€14,800 | +1,515% |
| Recurring financial charges | 65 | €977 | €15,777 | +€14,800 | +1,515% |
| Profit (loss) for the period before taxes | 9903 | -€1,871 | -€61,782 | -€59,912 | -3,203% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,871 | -€61,782 | -€59,912 | -3,203% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,871 | -€61,782 | -€59,912 | -3,203% |
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.