C-units: 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.
What changed
C-units
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€712,227
2024 · -€780,260+€68,033
Equity
-€3.8m
2024 · -€3.1m-€712,227
Cash
€27,737
2024 · €6,056+€21,682
Balance sheet total
€5.3m
2024 · €5.5m-€162,783
Largest movements
Assets
- Tangible fixed assets -€191,167
down €191,167 (-3.5%), from €5.4m to €5.2m
Equity and liabilities
- Profit (loss) carried forward -€712,227
down €712,227 (-22.6%), from -€3.1m to -€3.9m
- Debts after one year +€571,738
up €571,738 (+8.6%), from €6.6m to €7.2m
of which Other amounts payable: +€571,738
Income statement
- Financial charges -€43,441
down €43,441 (-17.6%), from €246,656 to €203,216
- Gross operating margin +€32,774
up €32,774 (+39.2%), from -€83,549 to -€50,774
- Other operating charges +€7,439
up €7,439 (+3.3%), from €228,510 to €235,949
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.
Result 2024
-€780,260
Gross operating margin
+€32,774
Depreciation
-€751
Other operating charges
-€7,439
Financial income
+€7
Financial charges
+€43,441
Result 2025
-€712,227
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.
From operations
-€518,469
Investment
-€31,588
Financing
+€571,738
Cash 2024
€6,056
From operations (derived)
-€518,469
Net result for the year
-€712,227
Depreciation
+€222,754
Receivables within one year
-€6,667
Deferred charges and accrued income
-€35
Trade debts
-€11,193
Accrued charges and deferred income
-€11,101
Investment (derived)
-€31,588
Investment in fixed assets (net)
-€31,588
Financing
+€571,738
Debts after one year
+€571,738
Cash 2025
€27,737
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,458,015 | €5,295,232 | -€162,783 | -3.0% |
| Fixed assets | 21/28 | €5,401,062 | €5,209,896 | -€191,167 | -3.5% |
| Tangible fixed assets | 22/27 | €5,401,062 | €5,209,896 | -€191,167 | -3.5% |
| Land and buildings | 22 | €5,401,062 | €5,209,896 | -€191,167 | -3.5% |
| Current assets | 29/58 | €56,952 | €85,336 | +€28,383 | +49.8% |
| Amounts receivable within one year | 40/41 | €45,675 | €52,342 | +€6,667 | +14.6% |
| Trade receivables | 40 | €9,075 | €14,148 | +€5,073 | +55.9% |
| Other amounts receivable | 41 | €36,600 | €38,194 | +€1,594 | +4.4% |
| Cash at bank and in hand | 54/58 | €6,056 | €27,737 | +€21,682 | +358.0% |
| Deferred charges and accrued income | 490/1 | €5,222 | €5,257 | +€35 | +0.7% |
| Total equity and liabilities | 10/49 | €5,458,015 | €5,295,232 | -€162,783 | -3.0% |
| Equity | 10/15 | -€3,086,089 | -€3,798,316 | -€712,227 | -23.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,148,089 | -€3,860,316 | -€712,227 | -22.6% |
| Provisions and deferred taxes | 16 | €1,841,323 | €1,841,323 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,841,323 | €1,841,323 | = | 0.0% |
| Major repairs and maintenance | 162 | €1,841,323 | €1,841,323 | = | 0.0% |
| Amounts payable | 17/49 | €6,702,781 | €7,252,225 | +€549,444 | +8.2% |
| Amounts payable after more than one year | 17 | €6,634,836 | €7,206,575 | +€571,738 | +8.6% |
| Financial debts | 170/4 | €4,228,876 | €4,228,876 | = | 0.0% |
| Other amounts payable | 178/9 | €2,405,960 | €2,977,699 | +€571,738 | +23.8% |
| Amounts payable within one year | 42/48 | €25,989 | €14,796 | -€11,193 | -43.1% |
| Trade debts | 44 | €18,489 | €7,296 | -€11,193 | -60.5% |
| Suppliers | 440/4 | €18,489 | €7,296 | -€11,193 | -60.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €41,955 | €30,854 | -€11,101 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,003 | €222,754 | +€751 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €228,510 | €235,949 | +€7,439 | +3.3% |
| Gross operating margin | 9900 | -€83,549 | -€50,774 | +€32,774 | +39.2% |
| Operating profit (loss) | 9901 | -€534,062 | -€509,477 | +€24,585 | +4.6% |
| Financial income | 75/76B | €459 | €466 | +€7 | +1.5% |
| Recurring financial income | 75 | €459 | €466 | +€7 | +1.5% |
| Financial charges | 65/66B | €246,656 | €203,216 | -€43,441 | -17.6% |
| Recurring financial charges | 65 | €246,656 | €203,216 | -€43,441 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€780,260 | -€712,227 | +€68,033 | +8.7% |
| Profit (loss) for the period | 9904 | -€780,260 | -€712,227 | +€68,033 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€780,260 | -€712,227 | +€68,033 | +8.7% |
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 2 October 2026 via checked.be.