C21 ATG: what changed
C21 ATG
Largest movements
- Intangible fixed assets +€114,864
up €114,864 (+6,123%), from €1,876 to €116,740
- Receivables within one year -€49,500
down €49,500 (-18.4%), from €268,883 to €219,384
of which Trade receivables: -€55,512
- Cash +€44,252
up €44,252 (+22.2%), from €199,713 to €243,965
mainly Net result for the year (+€141,574) and Tax, wage and social debts (+€111,583)
- Tangible fixed assets +€11,806
up €11,806 (+36.5%), from €32,338 to €44,144
of which Other tangible fixed assets: +€11,321
- Accrued charges and deferred income -€189,400
down €189,400 (-99.7%), from €190,000 to €600
- Profit (loss) carried forward +€141,574
up €141,574 (+112%), from €125,846 to €267,420
- Tax, wage and social debts +€111,583
up €111,583 (+210%), from €53,232 to €164,814
of which Taxes: +€81,045
- Debts after one year +€26,376
up €26,376 (+547%), from €4,826 to €31,203
- Trade debts +€25,238
up €25,238 (+23.6%), from €106,840 to €132,078
- Gross operating margin +€364,666
up €364,666 (+83.7%), from €435,515 to €800,181
- Staff costs +€194,021
up €194,021 (+54.2%), from €358,268 to €552,290
- Taxes +€20,509
up €20,509 (+60.3%), from €34,029 to €54,538
- Financial charges +€8,568
up €8,568 (+75.1%), from €11,411 to €19,979
of which Non-recurring financial charges: +€6,381
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,687 | €630,058 | +€124,370 | +24.6% |
| Formation expenses | 20 | - | €1,080 | +€1,080 | |
| Fixed assets | 21/28 | €34,214 | €160,883 | +€126,670 | +370% |
| Intangible fixed assets | 21 | €1,876 | €116,740 | +€114,864 | +6,123% |
| Tangible fixed assets | 22/27 | €32,338 | €44,144 | +€11,806 | +36.5% |
| Plant, machinery and equipment | 23 | €5,862 | €3,378 | -€2,483 | -42.4% |
| Furniture and vehicles | 24 | €26,476 | €29,445 | +€2,969 | +11.2% |
| Other tangible fixed assets | 26 | - | €11,321 | +€11,321 | |
| Current assets | 29/58 | €471,474 | €468,095 | -€3,379 | -0.7% |
| Amounts receivable within one year | 40/41 | €268,883 | €219,384 | -€49,500 | -18.4% |
| Trade receivables | 40 | €249,038 | €193,526 | -€55,512 | -22.3% |
| Other amounts receivable | 41 | €19,845 | €25,858 | +€6,013 | +30.3% |
| Cash at bank and in hand | 54/58 | €199,713 | €243,965 | +€44,252 | +22.2% |
| Deferred charges and accrued income | 490/1 | €2,877 | €4,746 | +€1,869 | +64.9% |
| Total equity and liabilities | 10/49 | €505,687 | €630,058 | +€124,370 | +24.6% |
| Equity | 10/15 | €132,046 | €273,620 | +€141,574 | +107% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,846 | €267,420 | +€141,574 | +112% |
| Amounts payable | 17/49 | €373,641 | €356,437 | -€17,204 | -4.6% |
| Amounts payable after more than one year | 17 | €4,826 | €31,203 | +€26,376 | +547% |
| Financial debts | 170/4 | €4,826 | €31,203 | +€26,376 | +547% |
| Amounts payable within one year | 42/48 | €178,815 | €324,635 | +€145,820 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €5,017 | €7,560 | +€2,543 | +50.7% |
| Trade debts | 44 | €106,840 | €132,078 | +€25,238 | +23.6% |
| Suppliers | 440/4 | €106,840 | €132,078 | +€25,238 | +23.6% |
| Taxes, remuneration and social security | 45 | €53,232 | €164,814 | +€111,583 | +210% |
| Taxes | 450/3 | €14,909 | €95,953 | +€81,045 | +544% |
| Remuneration and social security | 454/9 | €38,323 | €68,861 | +€30,538 | +79.7% |
| Other amounts payable | 47/48 | €13,727 | €20,183 | +€6,456 | +47.0% |
| Accrued charges and deferred income | 492/3 | €190,000 | €600 | -€189,400 | -99.7% |
| Remuneration, social security and pensions | 62 | €358,268 | €552,290 | +€194,021 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,788 | €23,985 | -€3,803 | -13.7% |
| Other operating charges | 640/8 | €4,443 | €7,898 | +€3,455 | +77.8% |
| Gross operating margin | 9900 | €435,515 | €800,181 | +€364,666 | +83.7% |
| Operating profit (loss) | 9901 | €45,015 | €216,008 | +€170,993 | +380% |
| Financial income | 75/76B | €260 | €83 | -€177 | -68.3% |
| Recurring financial income | 75 | €260 | €0 | -€260 | -100% |
| Non-recurring financial income | 76B | - | €83 | +€83 | |
| Financial charges | 65/66B | €11,411 | €19,979 | +€8,568 | +75.1% |
| Recurring financial charges | 65 | €4,758 | €6,945 | +€2,187 | +46.0% |
| Non-recurring financial charges | 66B | €6,653 | €13,034 | +€6,381 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €33,865 | €196,112 | +€162,247 | +479% |
| Income taxes | 67/77 | €34,029 | €54,538 | +€20,509 | +60.3% |
| Profit (loss) for the period | 9904 | -€165 | €141,574 | +€141,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€165 | €141,574 | +€141,739 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.