C2 INFRA: 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 INFRA
Largest movements
- Cash +€59,193
up €59,193 (+176.2%), from €33,593 to €92,786
mainly Trade debts (+€53,422) and Current portion of long-term debt (+€16,225)
- Receivables within one year +€16,497
up €16,497 (+128.4%), from €12,850 to €29,348
of which Trade receivables: +€11,242
- Tangible fixed assets +€15,447
up €15,447 (+52.5%), from €29,404 to €44,851
- Trade debts +€53,422
up €53,422 (+502.2%), from €10,638 to €64,060
- Current portion of long-term debt +€16,225
up €16,225 (+151.0%), from €10,743 to €26,968
- Profit (loss) carried forward +€13,534
up €13,534 (+81.5%), from €16,600 to €30,134
- Debts after one year +€5,986
up €5,986 (+61.5%), from €9,736 to €15,721
- Other debts +€3,844
up €3,844 (+45.3%), from €8,489 to €12,333
- Gross operating margin +€22,818
up €22,818 (+169.4%), from €13,468 to €36,287
- Taxes +€4,103
up €4,103 (+552.1%), from €743 to €4,846
- Depreciation +€4,067
up €4,067 (+42.2%), from €9,643 to €13,710
- Staff costs +€2,509
new in 2025: €2,509
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 | €77,086 | €169,217 | +€92,131 | +119.5% |
| Fixed assets | 21/28 | €29,404 | €44,851 | +€15,447 | +52.5% |
| Tangible fixed assets | 22/27 | €29,404 | €44,851 | +€15,447 | +52.5% |
| Furniture and vehicles | 24 | €29,404 | €44,851 | +€15,447 | +52.5% |
| Current assets | 29/58 | €47,682 | €124,366 | +€76,684 | +160.8% |
| Amounts receivable within one year | 40/41 | €12,850 | €29,348 | +€16,497 | +128.4% |
| Trade receivables | 40 | €11,093 | €22,335 | +€11,242 | +101.3% |
| Other amounts receivable | 41 | €1,757 | €7,012 | +€5,255 | +299.1% |
| Cash at bank and in hand | 54/58 | €33,593 | €92,786 | +€59,193 | +176.2% |
| Deferred charges and accrued income | 490/1 | €1,239 | €2,233 | +€994 | +80.2% |
| Total equity and liabilities | 10/49 | €77,086 | €169,217 | +€92,131 | +119.5% |
| Equity | 10/15 | €36,600 | €50,134 | +€13,534 | +37.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,600 | €30,134 | +€13,534 | +81.5% |
| Amounts payable | 17/49 | €40,486 | €119,082 | +€78,597 | +194.1% |
| Amounts payable after more than one year | 17 | €9,736 | €15,721 | +€5,986 | +61.5% |
| Financial debts | 170/4 | €9,736 | €15,721 | +€5,986 | +61.5% |
| Amounts payable within one year | 42/48 | €30,750 | €103,361 | +€72,611 | +236.1% |
| Current portion of amounts payable after more than one year | 42 | €10,743 | €26,968 | +€16,225 | +151.0% |
| Trade debts | 44 | €10,638 | €64,060 | +€53,422 | +502.2% |
| Suppliers | 440/4 | €10,638 | €64,060 | +€53,422 | +502.2% |
| Taxes, remuneration and social security | 45 | €880 | - | -€880 | |
| Taxes | 450/3 | €880 | - | -€880 | |
| Other amounts payable | 47/48 | €8,489 | €12,333 | +€3,844 | +45.3% |
| Remuneration, social security and pensions | 62 | - | €2,509 | +€2,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,643 | €13,710 | +€4,067 | +42.2% |
| Other operating charges | 640/8 | €543 | €561 | +€18 | +3.4% |
| Gross operating margin | 9900 | €13,468 | €36,287 | +€22,818 | +169.4% |
| Operating profit (loss) | 9901 | €3,282 | €19,506 | +€16,225 | +494.4% |
| Financial charges | 65/66B | €909 | €1,126 | +€217 | +23.9% |
| Recurring financial charges | 65 | €909 | €1,126 | +€217 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €2,373 | €18,380 | +€16,008 | +674.7% |
| Income taxes | 67/77 | €743 | €4,846 | +€4,103 | +552.1% |
| Profit (loss) for the period | 9904 | €1,629 | €13,534 | +€11,905 | +730.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,629 | €13,534 | +€11,905 | +730.6% |
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.