C & Y: 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 & Y
Largest movements
- Cash +€59,272
up €59,272 (+41.5%), from €142,689 to €201,960
mainly Net result for the year (+€91,426) and Depreciation (+€31,064)
- Receivables within one year -€13,026
down €13,026 (-94.1%), from €13,837 to €811
of which Trade receivables: -€7,263
- Intangible fixed assets -€12,857
down €12,857 (-16.7%), from €77,143 to €64,286
- Tangible fixed assets +€9,760
up €9,760 (+14.3%), from €68,249 to €78,009
of which Other tangible fixed assets: +€7,691
- Reserves +€91,426
up €91,426 (+102.0%), from €89,658 to €181,084
- Debts after one year -€24,804
down €24,804 (-31.6%), from €78,467 to €53,662
- Other debts -€16,587
down €16,587 (-64.5%), from €25,717 to €9,129
- Tax, wage and social debts -€4,434
down €4,434 (-10.9%), from €40,813 to €36,379
of which Taxes: -€10,722
- Gross operating margin +€186,382
up €186,382 (+127.4%), from €146,300 to €332,682
- Staff costs +€112,420
up €112,420 (+234.7%), from €47,891 to €160,311
- Taxes +€28,562
up €28,562 (+200.9%), from €14,213 to €42,775
- Depreciation +€10,431
up €10,431 (+50.6%), from €20,634 to €31,064
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 | €306,514 | €350,654 | +€44,140 | +14.4% |
| Fixed assets | 21/28 | €145,392 | €142,295 | -€3,097 | -2.1% |
| Intangible fixed assets | 21 | €77,143 | €64,286 | -€12,857 | -16.7% |
| Tangible fixed assets | 22/27 | €68,249 | €78,009 | +€9,760 | +14.3% |
| Plant, machinery and equipment | 23 | €24,973 | €27,159 | +€2,187 | +8.8% |
| Furniture and vehicles | 24 | €118 | - | -€118 | |
| Other tangible fixed assets | 26 | €43,158 | €50,850 | +€7,691 | +17.8% |
| Current assets | 29/58 | €161,122 | €208,359 | +€47,237 | +29.3% |
| Stocks and contracts in progress | 3 | €3,185 | €3,503 | +€318 | +10.0% |
| Stocks | 30/36 | €3,185 | €3,503 | +€318 | +10.0% |
| Amounts receivable within one year | 40/41 | €13,837 | €811 | -€13,026 | -94.1% |
| Trade receivables | 40 | €8,074 | €811 | -€7,263 | -90.0% |
| Other amounts receivable | 41 | €5,763 | - | -€5,763 | |
| Cash at bank and in hand | 54/58 | €142,689 | €201,960 | +€59,272 | +41.5% |
| Deferred charges and accrued income | 490/1 | €1,411 | €2,085 | +€673 | +47.7% |
| Total equity and liabilities | 10/49 | €306,514 | €350,654 | +€44,140 | +14.4% |
| Equity | 10/15 | €110,428 | €201,853 | +€91,426 | +82.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,658 | €181,084 | +€91,426 | +102.0% |
| Distributable reserves | 133 | €89,658 | €181,084 | +€91,426 | +102.0% |
| Profit (loss) carried forward | 14 | €14,569 | €14,569 | = | 0.0% |
| Amounts payable | 17/49 | €196,086 | €148,801 | -€47,286 | -24.1% |
| Amounts payable after more than one year | 17 | €78,467 | €53,662 | -€24,804 | -31.6% |
| Financial debts | 170/4 | €78,467 | €53,662 | -€24,804 | -31.6% |
| Amounts payable within one year | 42/48 | €115,539 | €94,092 | -€21,447 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €23,810 | €24,804 | +€994 | +4.2% |
| Trade debts | 44 | €25,198 | €23,779 | -€1,419 | -5.6% |
| Suppliers | 440/4 | €25,198 | €23,779 | -€1,419 | -5.6% |
| Taxes, remuneration and social security | 45 | €40,813 | €36,379 | -€4,434 | -10.9% |
| Taxes | 450/3 | €26,728 | €16,007 | -€10,722 | -40.1% |
| Remuneration and social security | 454/9 | €14,085 | €20,372 | +€6,288 | +44.6% |
| Other amounts payable | 47/48 | €25,717 | €9,129 | -€16,587 | -64.5% |
| Accrued charges and deferred income | 492/3 | €2,081 | €1,047 | -€1,035 | -49.7% |
| Remuneration, social security and pensions | 62 | €47,891 | €160,311 | +€112,420 | +234.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,634 | €31,064 | +€10,431 | +50.6% |
| Other operating charges | 640/8 | €106 | €453 | +€347 | +327.5% |
| Non-recurring operating charges | 66A | €928 | - | -€928 | |
| Gross operating margin | 9900 | €146,300 | €332,682 | +€186,382 | +127.4% |
| Operating profit (loss) | 9901 | €76,742 | €140,854 | +€64,112 | +83.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,582 | €6,653 | +€1,070 | +19.2% |
| Recurring financial charges | 65 | €5,582 | €6,653 | +€1,070 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €71,160 | €134,201 | +€63,041 | +88.6% |
| Income taxes | 67/77 | €14,213 | €42,775 | +€28,562 | +200.9% |
| Profit (loss) for the period | 9904 | €56,946 | €91,426 | +€34,479 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,946 | €91,426 | +€34,479 | +60.5% |
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 3 October 2026 via checked.be.