C-zer: 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-zer
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€679,707
2024 · €6,049+€673,658
Equity
€1.3m
2024 · €583,190+€679,707
Cash
€260,319
2024 · €255,793+€4,526
Balance sheet total
€1.5m
2024 · €1.6m-€61,566
Largest movements
Assets
- Tangible fixed assets -€64,579
down €64,579 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€64,356
Equity and liabilities
- Debts after one year -€889,818
down €889,818 (-99.2%), from €897,397 to €7,579
- Reserves +€679,707
up €679,707 (+120.4%), from €564,590 to €1.2m
of which Tax-exempt reserves: +€357,850
- Short-term financial debts +€125,301
new in 2025: €125,301
- Tax, wage and social debts +€19,951
up €19,951 (+264.0%), from €7,557 to €27,508
Income statement
- Gross operating margin +€921,247
up €921,247 (+891.5%), from €103,335 to €1.0m
- Taxes +€254,556
up €254,556 (+4522.8%), from €5,628 to €260,184
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
€6,049
Gross operating margin
+€921,247
Depreciation
+€846
Other operating charges
+€1,528
Financial income
+€1,789
Financial charges
+€2,805
Taxes
-€254,556
Result 2025
€679,707
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
+€754,587
Investment
€0
Financing
-€750,061
Cash 2024
€255,793
From operations (derived)
+€754,587
Net result for the year
+€679,707
Depreciation
+€64,579
Receivables within one year
-€2,907
Deferred charges and accrued income
+€4,420
Trade debts
-€2,975
Tax, wage and social debts
+€19,951
Other debts
-€54
Accrued charges and deferred income
-€8,135
Financing
-€750,061
Debts after one year
-€889,818
Current portion of long-term debt
+€14,456
Short-term financial debts
+€125,301
Cash 2025
€260,319
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,586,866 | €1,525,301 | -€61,566 | -3.9% |
| Fixed assets | 21/28 | €1,310,456 | €1,245,877 | -€64,579 | -4.9% |
| Tangible fixed assets | 22/27 | €1,310,456 | €1,245,877 | -€64,579 | -4.9% |
| Land and buildings | 22 | €1,309,904 | €1,245,548 | -€64,356 | -4.9% |
| Furniture and vehicles | 24 | €552 | €329 | -€223 | -40.4% |
| Current assets | 29/58 | €276,411 | €279,424 | +€3,013 | +1.1% |
| Amounts receivable within one year | 40/41 | €13,751 | €16,658 | +€2,907 | +21.1% |
| Trade receivables | 40 | €6,404 | €8,024 | +€1,620 | +25.3% |
| Other amounts receivable | 41 | €7,347 | €8,634 | +€1,287 | +17.5% |
| Cash at bank and in hand | 54/58 | €255,793 | €260,319 | +€4,526 | +1.8% |
| Deferred charges and accrued income | 490/1 | €6,867 | €2,446 | -€4,420 | -64.4% |
| Total equity and liabilities | 10/49 | €1,586,866 | €1,525,301 | -€61,566 | -3.9% |
| Equity | 10/15 | €583,190 | €1,262,897 | +€679,707 | +116.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €564,590 | €1,244,297 | +€679,707 | +120.4% |
| Tax-exempt reserves | 132 | - | €357,850 | +€357,850 | |
| Distributable reserves | 133 | €564,590 | €886,447 | +€321,857 | +57.0% |
| Amounts payable | 17/49 | €1,003,677 | €262,404 | -€741,273 | -73.9% |
| Amounts payable after more than one year | 17 | €897,397 | €7,579 | -€889,818 | -99.2% |
| Financial debts | 170/4 | €897,397 | €7,579 | -€889,818 | -99.2% |
| Amounts payable within one year | 42/48 | €98,031 | €254,710 | +€156,680 | +159.8% |
| Current portion of amounts payable after more than one year | 42 | €74,450 | €88,906 | +€14,456 | +19.4% |
| Financial debts | 43 | - | €125,301 | +€125,301 | |
| Credit institutions | 430/8 | - | €125,301 | +€125,301 | |
| Trade debts | 44 | €13,216 | €10,241 | -€2,975 | -22.5% |
| Suppliers | 440/4 | €13,216 | €10,241 | -€2,975 | -22.5% |
| Taxes, remuneration and social security | 45 | €7,557 | €27,508 | +€19,951 | +264.0% |
| Taxes | 450/3 | €7,557 | €27,508 | +€19,951 | +264.0% |
| Other amounts payable | 47/48 | €2,808 | €2,754 | -€54 | -1.9% |
| Accrued charges and deferred income | 492/3 | €8,250 | €115 | -€8,135 | -98.6% |
| Non-recurring operating income | 76A | - | €890,663 | +€890,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,424 | €64,579 | -€846 | -1.3% |
| Other operating charges | 640/8 | €11,736 | €10,208 | -€1,528 | -13.0% |
| Gross operating margin | 9900 | €103,335 | €1,024,582 | +€921,247 | +891.5% |
| Operating profit (loss) | 9901 | €26,174 | €949,795 | +€923,621 | +3528.7% |
| Financial income | 75/76B | €1,383 | €3,172 | +€1,789 | +129.4% |
| Recurring financial income | 75 | €1,383 | €3,172 | +€1,789 | +129.4% |
| Financial charges | 65/66B | €15,879 | €13,075 | -€2,805 | -17.7% |
| Recurring financial charges | 65 | €15,879 | €13,075 | -€2,805 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €11,677 | €939,892 | +€928,214 | +7948.8% |
| Income taxes | 67/77 | €5,628 | €260,184 | +€254,556 | +4522.8% |
| Profit (loss) for the period | 9904 | €6,049 | €679,707 | +€673,658 | +11136.5% |
| Transfer to tax-exempt reserves | 689 | - | €357,850 | +€357,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,049 | €321,857 | +€315,808 | +5220.7% |
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 6 October 2026 via checked.be.