C2 PROPERTY: 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 PROPERTY
Largest movements
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Receivables after one year +€255,965
up €255,965 (+51.2%), from €500,000 to €755,965
- Tangible fixed assets -€245,514
down €245,514 (-7.5%), from €3.3m to €3.0m
of which Land and buildings: -€240,206
- Receivables within one year -€174,312
down €174,312 (-21.1%), from €826,303 to €651,991
of which Other amounts receivable: -€190,441
- Cash +€131,837
up €131,837 (+38.1%), from €346,075 to €477,912
mainly Net result for the year (+€478,328) and Current investments (+€400,000)
- Debts after one year -€300,000
down €300,000 (-8.7%), from €3.5m to €3.2m
- Other debts -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Gross operating margin -€165,501
down €165,501 (-14.0%), from €1.2m to €1.0m
- Financial income -€87,607
down €87,607 (-67.3%), from €130,174 to €42,567
- Financial charges -€64,445
down €64,445 (-33.9%), from €190,221 to €125,777
- Taxes -€47,199
down €47,199 (-22.9%), from €206,241 to €159,042
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 | €5,357,509 | €4,917,780 | -€439,728 | -8.2% |
| Fixed assets | 21/28 | €3,263,011 | €3,017,497 | -€245,514 | -7.5% |
| Tangible fixed assets | 22/27 | €3,263,011 | €3,017,497 | -€245,514 | -7.5% |
| Land and buildings | 22 | €3,254,007 | €3,013,802 | -€240,206 | -7.4% |
| Furniture and vehicles | 24 | €9,004 | €3,696 | -€5,308 | -59.0% |
| Current assets | 29/58 | €2,094,498 | €1,900,283 | -€194,215 | -9.3% |
| Amounts receivable after more than one year | 29 | €500,000 | €755,965 | +€255,965 | +51.2% |
| Other amounts receivable | 291 | €500,000 | €755,965 | +€255,965 | +51.2% |
| Amounts receivable within one year | 40/41 | €826,303 | €651,991 | -€174,312 | -21.1% |
| Trade receivables | 40 | €632,080 | €648,210 | +€16,130 | +2.6% |
| Other amounts receivable | 41 | €194,223 | €3,782 | -€190,441 | -98.1% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €346,075 | €477,912 | +€131,837 | +38.1% |
| Deferred charges and accrued income | 490/1 | €22,120 | €14,415 | -€7,705 | -34.8% |
| Total equity and liabilities | 10/49 | €5,357,509 | €4,917,780 | -€439,728 | -8.2% |
| Equity | 10/15 | €466,688 | €445,016 | -€21,672 | -4.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,688 | €5,016 | -€21,672 | -81.2% |
| Amounts payable | 17/49 | €4,890,821 | €4,472,764 | -€418,057 | -8.5% |
| Amounts payable after more than one year | 17 | €3,450,000 | €3,150,000 | -€300,000 | -8.7% |
| Financial debts | 170/4 | €3,450,000 | €3,150,000 | -€300,000 | -8.7% |
| Amounts payable within one year | 42/48 | €1,051,813 | €903,055 | -€148,758 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €55,898 | €37,631 | -€18,267 | -32.7% |
| Suppliers | 440/4 | €55,898 | €37,631 | -€18,267 | -32.7% |
| Taxes, remuneration and social security | 45 | €95,915 | €65,424 | -€30,491 | -31.8% |
| Taxes | 450/3 | €95,915 | €65,424 | -€30,491 | -31.8% |
| Other amounts payable | 47/48 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €389,008 | €419,709 | +€30,701 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,459 | €250,338 | -€121 | 0.0% |
| Other operating charges | 640/8 | €51,292 | €42,885 | -€8,407 | -16.4% |
| Gross operating margin | 9900 | €1,179,304 | €1,013,803 | -€165,501 | -14.0% |
| Operating profit (loss) | 9901 | €877,553 | €720,579 | -€156,973 | -17.9% |
| Financial income | 75/76B | €130,174 | €42,567 | -€87,607 | -67.3% |
| Recurring financial income | 75 | €130,174 | €42,567 | -€87,607 | -67.3% |
| Financial charges | 65/66B | €190,221 | €125,777 | -€64,445 | -33.9% |
| Recurring financial charges | 65 | €190,221 | €125,777 | -€64,445 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €817,506 | €637,370 | -€180,135 | -22.0% |
| Income taxes | 67/77 | €206,241 | €159,042 | -€47,199 | -22.9% |
| Profit (loss) for the period | 9904 | €611,265 | €478,328 | -€132,937 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €611,265 | €478,328 | -€132,937 | -21.7% |
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 3 October 2026 via checked.be.