C2-Communication Square: 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-Communication Square
Largest movements
- Current investments -€399,951
no longer reported in 2025 (was €399,951)
- Cash -€151,620
down €151,620 (-35.6%), from €425,950 to €274,330
- Receivables within one year +€87,732
up €87,732 (+39.6%), from €221,778 to €309,510
of which Other amounts receivable: +€151,908
- Tangible fixed assets -€12,819
down €12,819 (-39.3%), from €32,602 to €19,782
of which Furniture and vehicles: -€18,770
- Trade debts -€565,659
down €565,659 (-76.3%), from €741,623 to €175,965
- Profit (loss) carried forward +€59,052
up €59,052, from -€36,977 to €22,075
- Accrued charges and deferred income +€42,875
new in 2025: €42,875
- Tax, wage and social debts -€16,600
down €16,600 (-36.6%), from €45,355 to €28,755
of which Remuneration and social security: -€19,218
- Gross operating margin -€95,236
down €95,236 (-42.2%), from €225,635 to €130,399
- Staff costs -€92,693
down €92,693 (-77.1%), from €120,218 to €27,525
- Taxes -€32,352
down €32,352 (-72.3%), from €44,721 to €12,369
- Depreciation -€15,733
down €15,733 (-66.5%), from €23,665 to €7,931
- Other operating charges +€5,807
up €5,807 (+660.7%), from €879 to €6,686
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,085,847 | €609,944 | -€475,902 | -43.8% |
| Fixed assets | 21/28 | €38,167 | €25,348 | -€12,819 | -33.6% |
| Tangible fixed assets | 22/27 | €32,602 | €19,782 | -€12,819 | -39.3% |
| Land and buildings | 22 | €3,635 | €0 | -€3,635 | -100.0% |
| Plant, machinery and equipment | 23 | €5,233 | €2,386 | -€2,846 | -54.4% |
| Furniture and vehicles | 24 | €23,734 | €4,964 | -€18,770 | -79.1% |
| Other tangible fixed assets | 26 | - | €12,431 | +€12,431 | |
| Financial fixed assets | 28 | €5,566 | €5,566 | = | 0.0% |
| Current assets | 29/58 | €1,047,680 | €584,597 | -€463,083 | -44.2% |
| Amounts receivable within one year | 40/41 | €221,778 | €309,510 | +€87,732 | +39.6% |
| Trade receivables | 40 | €202,676 | €138,499 | -€64,176 | -31.7% |
| Other amounts receivable | 41 | €19,103 | €171,011 | +€151,908 | +795.2% |
| Current investments | 50/53 | €399,951 | - | -€399,951 | |
| Cash at bank and in hand | 54/58 | €425,950 | €274,330 | -€151,620 | -35.6% |
| Deferred charges and accrued income | 490/1 | - | €756 | +€756 | |
| Total equity and liabilities | 10/49 | €1,085,847 | €609,944 | -€475,902 | -43.8% |
| Equity | 10/15 | €135,979 | €195,031 | +€59,052 | +43.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,356 | €154,356 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €149,521 | €149,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,977 | €22,075 | +€59,052 | |
| Amounts payable | 17/49 | €949,868 | €414,913 | -€534,955 | -56.3% |
| Amounts payable within one year | 42/48 | €949,868 | €372,038 | -€577,830 | -60.8% |
| Trade debts | 44 | €741,623 | €175,965 | -€565,659 | -76.3% |
| Suppliers | 440/4 | €741,623 | €175,965 | -€565,659 | -76.3% |
| Taxes, remuneration and social security | 45 | €45,355 | €28,755 | -€16,600 | -36.6% |
| Taxes | 450/3 | €24,791 | €27,409 | +€2,618 | +10.6% |
| Remuneration and social security | 454/9 | €20,564 | €1,346 | -€19,218 | -93.5% |
| Other amounts payable | 47/48 | €162,890 | €167,318 | +€4,428 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €42,875 | +€42,875 | |
| Non-recurring operating income | 76A | €12,595 | €46,991 | +€34,396 | +273.1% |
| Remuneration, social security and pensions | 62 | €120,218 | €27,525 | -€92,693 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,665 | €7,931 | -€15,733 | -66.5% |
| Other operating charges | 640/8 | €879 | €6,686 | +€5,807 | +660.7% |
| Non-recurring operating charges | 66A | - | €75,000 | +€75,000 | |
| Gross operating margin | 9900 | €225,635 | €130,399 | -€95,236 | -42.2% |
| Operating profit (loss) | 9901 | €80,873 | €13,256 | -€67,616 | -83.6% |
| Financial income | 75/76B | €196 | €1,392 | +€1,197 | +612.1% |
| Recurring financial income | 75 | €196 | €1,392 | +€1,197 | +612.1% |
| Financial charges | 65/66B | €1,412 | €186 | -€1,226 | -86.8% |
| Recurring financial charges | 65 | €1,412 | €186 | -€1,226 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €79,656 | €14,463 | -€65,194 | -81.8% |
| Income taxes | 67/77 | €44,721 | €12,369 | -€32,352 | -72.3% |
| Profit (loss) for the period | 9904 | €34,935 | €2,093 | -€32,842 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,935 | €2,093 | -€32,842 | -94.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.