C10: what changed
C10
Largest movements
- Receivables within one year +€2,660
up €2,660 (+13.5%), from €19,629 to €22,289
of which Other amounts receivable: +€8,984
- Cash -€1,342
down €1,342 (-83.6%), from €1,606 to €264
mainly Receivables within one year (-€2,660) and Tax, wage and social debts (-€1,264)
- Deferred charges and accrued income +€871
new in 2025: €871
- Tangible fixed assets -€400
down €400 (-44.8%), from €892 to €492
- Reserves +€14,342
new in 2025: €14,342
- Profit (loss) carried forward -€12,378
no longer reported in 2025 (was €12,378)
- Tax, wage and social debts -€1,264
down €1,264 (-25.7%), from €4,923 to €3,659
- Trade debts +€1,089
up €1,089 (+28.5%), from €3,825 to €4,914
- Gross operating margin -€4,155
down €4,155 (-48.1%), from €8,633 to €4,478
- Write-downs +€2,100
new in 2025: €2,100
- Taxes -€1,092
down €1,092 (-68.4%), from €1,595 to €503
- Other operating charges -€563
down €563 (-66.6%), from €845 to €282
- Financial income +€443
up €443 (+104%), from €428 to €871
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,127 | €23,916 | +€1,789 | +8.1% |
| Fixed assets | 21/28 | €892 | €492 | -€400 | -44.8% |
| Tangible fixed assets | 22/27 | €892 | €492 | -€400 | -44.8% |
| Furniture and vehicles | 24 | €892 | €492 | -€400 | -44.8% |
| Current assets | 29/58 | €21,235 | €23,424 | +€2,189 | +10.3% |
| Amounts receivable within one year | 40/41 | €19,629 | €22,289 | +€2,660 | +13.5% |
| Trade receivables | 40 | €7,792 | €1,467 | -€6,325 | -81.2% |
| Other amounts receivable | 41 | €11,838 | €20,822 | +€8,984 | +75.9% |
| Cash at bank and in hand | 54/58 | €1,606 | €264 | -€1,342 | -83.6% |
| Deferred charges and accrued income | 490/1 | - | €871 | +€871 | |
| Total equity and liabilities | 10/49 | €22,127 | €23,916 | +€1,789 | +8.1% |
| Equity | 10/15 | €13,378 | €15,342 | +€1,963 | +14.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €14,342 | +€14,342 | |
| Distributable reserves | 133 | - | €14,342 | +€14,342 | |
| Profit (loss) carried forward | 14 | €12,378 | - | -€12,378 | |
| Amounts payable | 17/49 | €8,749 | €8,574 | -€175 | -2.0% |
| Amounts payable within one year | 42/48 | €8,749 | €8,574 | -€175 | -2.0% |
| Trade debts | 44 | €3,825 | €4,914 | +€1,089 | +28.5% |
| Suppliers | 440/4 | €3,825 | €4,914 | +€1,089 | +28.5% |
| Taxes, remuneration and social security | 45 | €4,923 | €3,659 | -€1,264 | -25.7% |
| Taxes | 450/3 | €4,923 | €3,659 | -€1,264 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €400 | +€92 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,100 | +€2,100 | |
| Other operating charges | 640/8 | €845 | €282 | -€563 | -66.6% |
| Gross operating margin | 9900 | €8,633 | €4,478 | -€4,155 | -48.1% |
| Operating profit (loss) | 9901 | €7,480 | €1,696 | -€5,784 | -77.3% |
| Financial income | 75/76B | €428 | €871 | +€443 | +104% |
| Recurring financial income | 75 | €428 | €871 | +€443 | +104% |
| Financial charges | 65/66B | €102 | €100 | -€2 | -1.9% |
| Recurring financial charges | 65 | €102 | €100 | -€2 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €7,806 | €2,467 | -€5,339 | -68.4% |
| Income taxes | 67/77 | €1,595 | €503 | -€1,092 | -68.4% |
| Profit (loss) for the period | 9904 | €6,211 | €1,963 | -€4,247 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,211 | €1,963 | -€4,247 | -68.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.