C2: 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.
C2
Largest movements
- Receivables within one year +€61,251
up €61,251 (+43.9%), from €139,421 to €200,673
of which Trade receivables: +€76,897
- Tangible fixed assets +€23,370
up €23,370 (+573.5%), from €4,075 to €27,445
of which Furniture and vehicles: +€16,654
- Trade debts +€36,237
up €36,237 (+39.8%), from €90,982 to €127,219
- Tax, wage and social debts +€31,386
up €31,386 (+79.5%), from €39,490 to €70,876
of which Remuneration and social security: +€17,025
- Reserves +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€3,990
up €3,990 (+42.4%), from €9,399 to €13,389
- Gross operating margin +€138,951
up €138,951 (+74.7%), from €185,988 to €324,938
- Staff costs +€109,848
up €109,848 (+69.3%), from €158,468 to €268,315
- Depreciation +€11,976
up €11,976 (+338.0%), from €3,544 to €15,520
- Taxes +€4,854
up €4,854 (+73.8%), from €6,580 to €11,434
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 | €143,871 | €230,484 | +€86,612 | +60.2% |
| Formation expenses | 20 | €305 | €0 | -€305 | -100.0% |
| Fixed assets | 21/28 | €4,075 | €27,445 | +€23,370 | +573.5% |
| Tangible fixed assets | 22/27 | €4,075 | €27,445 | +€23,370 | +573.5% |
| Plant, machinery and equipment | 23 | €1,789 | €8,505 | +€6,716 | +375.4% |
| Furniture and vehicles | 24 | €2,286 | €18,940 | +€16,654 | +728.6% |
| Current assets | 29/58 | €139,492 | €203,039 | +€63,547 | +45.6% |
| Amounts receivable within one year | 40/41 | €139,421 | €200,673 | +€61,251 | +43.9% |
| Trade receivables | 40 | €113,597 | €190,495 | +€76,897 | +67.7% |
| Other amounts receivable | 41 | €25,824 | €10,178 | -€15,646 | -60.6% |
| Cash at bank and in hand | 54/58 | €70 | €2,366 | +€2,296 | +3273.1% |
| Total equity and liabilities | 10/49 | €143,871 | €230,484 | +€86,612 | +60.2% |
| Equity | 10/15 | €13,399 | €32,389 | +€18,990 | +141.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €9,399 | €13,389 | +€3,990 | +42.4% |
| Amounts payable | 17/49 | €130,472 | €198,095 | +€67,623 | +51.8% |
| Amounts payable within one year | 42/48 | €130,472 | €198,095 | +€67,623 | +51.8% |
| Trade debts | 44 | €90,982 | €127,219 | +€36,237 | +39.8% |
| Suppliers | 440/4 | €90,982 | €127,219 | +€36,237 | +39.8% |
| Taxes, remuneration and social security | 45 | €39,490 | €70,876 | +€31,386 | +79.5% |
| Taxes | 450/3 | €6,941 | €21,302 | +€14,361 | +206.9% |
| Remuneration and social security | 454/9 | €32,548 | €49,574 | +€17,025 | +52.3% |
| Remuneration, social security and pensions | 62 | €158,468 | €268,315 | +€109,848 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €15,520 | +€11,976 | +338.0% |
| Other operating charges | 640/8 | €7,942 | €9,801 | +€1,860 | +23.4% |
| Gross operating margin | 9900 | €185,988 | €324,938 | +€138,951 | +74.7% |
| Operating profit (loss) | 9901 | €16,035 | €31,302 | +€15,267 | +95.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €55 | €878 | +€823 | +1491.7% |
| Recurring financial charges | 65 | €55 | €878 | +€823 | +1491.7% |
| Profit (loss) for the period before taxes | 9903 | €15,979 | €30,424 | +€14,444 | +90.4% |
| Income taxes | 67/77 | €6,580 | €11,434 | +€4,854 | +73.8% |
| Profit (loss) for the period | 9904 | €9,399 | €18,990 | +€9,591 | +102.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,399 | €18,990 | +€9,591 | +102.0% |
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.