C2 Concept: 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 Concept
Largest movements
- Tangible fixed assets -€18,289
down €18,289 (-45.2%), from €40,454 to €22,165
of which Furniture and vehicles: -€17,654
- Cash +€14,527
up €14,527 (+83155.6%), from €17 to €14,545
mainly Depreciation (+€18,289) and Net result for the year (+€17,078)
- Receivables within one year +€4,327
up €4,327 (+32.5%), from €13,333 to €17,660
of which Trade receivables: +€4,065
- Debts after one year -€7,243
down €7,243 (-27.4%), from €26,403 to €19,159
- Profit (loss) carried forward +€7,078
up €7,078, from -€6,217 to €861
- Tax, wage and social debts -€6,699
down €6,699 (-72.9%), from €9,187 to €2,488
of which Remuneration and social security: -€3,602
- Other debts +€3,713
up €3,713 (+55.6%), from €6,675 to €10,388
- Trade debts +€3,261
up €3,261 (+51.8%), from €6,298 to €9,559
- Gross operating margin +€30,376
up €30,376 (+352.8%), from €8,609 to €38,985
- Financial income +€1,837
up €1,837 (+27967.9%), from €7 to €1,844
- Other operating charges +€1,755
up €1,755 (+122.7%), from €1,430 to €3,184
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 | €54,360 | €54,698 | +€338 | +0.6% |
| Fixed assets | 21/28 | €40,454 | €22,165 | -€18,289 | -45.2% |
| Tangible fixed assets | 22/27 | €40,454 | €22,165 | -€18,289 | -45.2% |
| Plant, machinery and equipment | 23 | €826 | €192 | -€635 | -76.8% |
| Furniture and vehicles | 24 | €39,627 | €21,973 | -€17,654 | -44.5% |
| Current assets | 29/58 | €13,907 | €32,533 | +€18,626 | +133.9% |
| Amounts receivable within one year | 40/41 | €13,333 | €17,660 | +€4,327 | +32.5% |
| Trade receivables | 40 | €12,850 | €16,915 | +€4,065 | +31.6% |
| Other amounts receivable | 41 | €482 | €745 | +€262 | +54.3% |
| Cash at bank and in hand | 54/58 | €17 | €14,545 | +€14,527 | +83155.6% |
| Deferred charges and accrued income | 490/1 | €556 | €329 | -€228 | -40.9% |
| Total equity and liabilities | 10/49 | €54,360 | €54,698 | +€338 | +0.6% |
| Equity | 10/15 | -€1,217 | €5,861 | +€7,078 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,217 | €861 | +€7,078 | |
| Amounts payable | 17/49 | €55,577 | €48,837 | -€6,740 | -12.1% |
| Amounts payable after more than one year | 17 | €26,403 | €19,159 | -€7,243 | -27.4% |
| Financial debts | 170/4 | €26,403 | €19,159 | -€7,243 | -27.4% |
| Amounts payable within one year | 42/48 | €29,175 | €29,678 | +€503 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €7,015 | €7,243 | +€229 | +3.3% |
| Trade debts | 44 | €6,298 | €9,559 | +€3,261 | +51.8% |
| Suppliers | 440/4 | €6,298 | €9,559 | +€3,261 | +51.8% |
| Taxes, remuneration and social security | 45 | €9,187 | €2,488 | -€6,699 | -72.9% |
| Taxes | 450/3 | €4,785 | €1,688 | -€3,097 | -64.7% |
| Remuneration and social security | 454/9 | €4,402 | €800 | -€3,602 | -81.8% |
| Other amounts payable | 47/48 | €6,675 | €10,388 | +€3,713 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,415 | €18,289 | -€127 | -0.7% |
| Other operating charges | 640/8 | €1,430 | €3,184 | +€1,755 | +122.7% |
| Non-recurring operating charges | 66A | - | €267 | +€267 | |
| Gross operating margin | 9900 | €8,609 | €38,985 | +€30,376 | +352.8% |
| Operating profit (loss) | 9901 | -€11,236 | €17,245 | +€28,481 | |
| Financial income | 75/76B | €7 | €1,844 | +€1,837 | +27967.9% |
| Recurring financial income | 75 | €7 | €1,844 | +€1,837 | +27967.9% |
| Financial charges | 65/66B | €1,804 | €1,823 | +€20 | +1.1% |
| Recurring financial charges | 65 | €1,804 | €1,823 | +€20 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,033 | €17,266 | +€30,299 | |
| Income taxes | 67/77 | €156 | €188 | +€31 | +20.0% |
| Profit (loss) for the period | 9904 | -€13,189 | €17,078 | +€30,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,189 | €17,078 | +€30,267 |
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 9 October 2026 via checked.be.