C1 PUB: 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.
C1 PUB
Largest movements
- Cash -€75,280
down €75,280 (-30.1%), from €249,798 to €174,519
mainly Trade debts (-€58,346) and Receivables within one year (-€56,654)
- Receivables within one year +€56,654
up €56,654 (+37.1%), from €152,856 to €209,510
of which Trade receivables: +€71,658
- Tangible fixed assets +€25,740
up €25,740 (+105%), from €24,507 to €50,247
of which Other tangible fixed assets: +€17,296
- Trade debts -€58,346
down €58,346 (-28.6%), from €203,835 to €145,489
- Tax, wage and social debts +€41,913
up €41,913 (+46.3%), from €90,475 to €132,388
of which Remuneration and social security: +€29,656
- Profit (loss) carried forward +€19,198
up €19,198 (+59.4%), from €32,334 to €51,532
- Staff costs +€107,368
up €107,368 (+32.2%), from €333,001 to €440,369
- Gross operating margin +€82,289
up €82,289 (+20.0%), from €412,030 to €494,319
- Taxes -€11,424
down €11,424 (-62.7%), from €18,219 to €6,795
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,027 | €461,666 | +€3,639 | +0.8% |
| Fixed assets | 21/28 | €24,507 | €50,247 | +€25,740 | +105% |
| Tangible fixed assets | 22/27 | €24,507 | €50,247 | +€25,740 | +105% |
| Plant, machinery and equipment | 23 | €6,003 | €4,216 | -€1,787 | -29.8% |
| Furniture and vehicles | 24 | €2,857 | €13,088 | +€10,231 | +358% |
| Other tangible fixed assets | 26 | €15,646 | €32,943 | +€17,296 | +111% |
| Current assets | 29/58 | €433,520 | €411,419 | -€22,101 | -5.1% |
| Stocks and contracts in progress | 3 | €30,866 | €27,390 | -€3,475 | -11.3% |
| Stocks | 30/36 | €30,866 | €27,390 | -€3,475 | -11.3% |
| Amounts receivable within one year | 40/41 | €152,856 | €209,510 | +€56,654 | +37.1% |
| Trade receivables | 40 | €128,480 | €200,138 | +€71,658 | +55.8% |
| Other amounts receivable | 41 | €24,376 | €9,372 | -€15,004 | -61.6% |
| Cash at bank and in hand | 54/58 | €249,798 | €174,519 | -€75,280 | -30.1% |
| Total equity and liabilities | 10/49 | €458,027 | €461,666 | +€3,639 | +0.8% |
| Equity | 10/15 | €163,717 | €183,789 | +€20,072 | +12.3% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €1,239 | €2,113 | +€874 | +70.5% |
| Non-distributable reserves | 130/1 | €1,239 | €2,113 | +€874 | +70.5% |
| Legal reserve | 130 | €1,239 | €2,113 | +€874 | +70.5% |
| Profit (loss) carried forward | 14 | €32,334 | €51,532 | +€19,198 | +59.4% |
| Amounts payable | 17/49 | €294,310 | €277,877 | -€16,433 | -5.6% |
| Amounts payable within one year | 42/48 | €294,310 | €277,877 | -€16,433 | -5.6% |
| Trade debts | 44 | €203,835 | €145,489 | -€58,346 | -28.6% |
| Suppliers | 440/4 | €203,835 | €145,489 | -€58,346 | -28.6% |
| Taxes, remuneration and social security | 45 | €90,475 | €132,388 | +€41,913 | +46.3% |
| Taxes | 450/3 | €52,292 | €64,549 | +€12,257 | +23.4% |
| Remuneration and social security | 454/9 | €38,183 | €67,839 | +€29,656 | +77.7% |
| Remuneration, social security and pensions | 62 | €333,001 | €440,369 | +€107,368 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,567 | €8,430 | +€3,863 | +84.6% |
| Other operating charges | 640/8 | €5,185 | €2,006 | -€3,179 | -61.3% |
| Gross operating margin | 9900 | €412,030 | €494,319 | +€82,289 | +20.0% |
| Operating profit (loss) | 9901 | €69,276 | €43,514 | -€25,762 | -37.2% |
| Financial income | 75/76B | - | €658 | +€658 | |
| Recurring financial income | 75 | - | €658 | +€658 | |
| Financial charges | 65/66B | €19,555 | €19,905 | +€350 | +1.8% |
| Recurring financial charges | 65 | €19,555 | €19,905 | +€350 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €49,721 | €24,268 | -€25,453 | -51.2% |
| Income taxes | 67/77 | €18,219 | €6,795 | -€11,424 | -62.7% |
| Profit (loss) for the period | 9904 | €31,502 | €17,472 | -€14,029 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,502 | €17,472 | -€14,029 | -44.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.