C2: 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.
C2
Largest movements
- Receivables within one year +€6,984
up €6,984 (+1,800%), from €388 to €7,372
of which Trade receivables: +€4,130
- Trade debts +€4,487
up €4,487 (+33.3%), from €13,482 to €17,969
- Financial income +€3,851
up €3,851 (+53.7%), from €7,176 to €11,028
of which Non-recurring financial income: +€3,792
- Gross operating margin -€3,041
down €3,041 (-164%), from -€1,855 to -€4,896
- Financial charges -€1,582
down €1,582 (-83.0%), from €1,905 to €323
- Taxes +€977
up €977 (+289%), from €338 to €1,315
- Other operating charges +€587
up €587 (+151%), from €387 to €974
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.
Derived cash bridge
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 | €272,163 | €277,373 | +€5,210 | +1.9% |
| Fixed assets | 21/28 | €256 | - | -€256 | |
| Tangible fixed assets | 22/27 | €256 | - | -€256 | |
| Furniture and vehicles | 24 | €256 | - | -€256 | |
| Current assets | 29/58 | €271,907 | €277,373 | +€5,466 | +2.0% |
| Amounts receivable after more than one year | 29 | €270,000 | €270,000 | = | 0.0% |
| Other amounts receivable | 291 | €270,000 | €270,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €388 | €7,372 | +€6,984 | +1,800% |
| Trade receivables | 40 | - | €4,130 | +€4,130 | |
| Other amounts receivable | 41 | €388 | €3,242 | +€2,854 | +736% |
| Cash at bank and in hand | 54/58 | €1,519 | €2 | -€1,518 | -99.9% |
| Total equity and liabilities | 10/49 | €272,163 | €277,373 | +€5,210 | +1.9% |
| Equity | 10/15 | €206,401 | €208,281 | +€1,880 | +0.9% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €125,389 | €127,269 | +€1,880 | +1.5% |
| Non-distributable reserves | 130/1 | €4,860 | €4,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,860 | €4,860 | = | 0.0% |
| Distributable reserves | 133 | €120,529 | €122,409 | +€1,880 | +1.6% |
| Profit (loss) carried forward | 14 | €32,412 | €32,412 | +€0 | 0.0% |
| Amounts payable | 17/49 | €65,762 | €69,092 | +€3,330 | +5.1% |
| Amounts payable within one year | 42/48 | €65,374 | €68,692 | +€3,318 | +5.1% |
| Trade debts | 44 | €13,482 | €17,969 | +€4,487 | +33.3% |
| Suppliers | 440/4 | €13,482 | €17,969 | +€4,487 | +33.3% |
| Taxes, remuneration and social security | 45 | €3,857 | €1,653 | -€2,204 | -57.1% |
| Taxes | 450/3 | €3,857 | €1,653 | -€2,204 | -57.1% |
| Other amounts payable | 47/48 | €48,036 | €49,071 | +€1,035 | +2.2% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €256 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €974 | +€587 | +151% |
| Non-recurring operating charges | 66A | €1,870 | €1,384 | -€486 | -26.0% |
| Gross operating margin | 9900 | -€1,855 | -€4,896 | -€3,041 | -164% |
| Operating profit (loss) | 9901 | -€4,368 | -€7,510 | -€3,142 | -71.9% |
| Financial income | 75/76B | €7,176 | €11,028 | +€3,851 | +53.7% |
| Recurring financial income | 75 | €7,176 | €7,236 | +€60 | +0.8% |
| Non-recurring financial income | 76B | - | €3,792 | +€3,792 | |
| Financial charges | 65/66B | €1,905 | €323 | -€1,582 | -83.0% |
| Recurring financial charges | 65 | €1,905 | €323 | -€1,582 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €903 | €3,195 | +€2,292 | +254% |
| Income taxes | 67/77 | €338 | €1,315 | +€977 | +289% |
| Profit (loss) for the period | 9904 | €565 | €1,880 | +€1,315 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €565 | €1,880 | +€1,315 | +233% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.