C2A: 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.
C2A
Largest movements
- Stocks and contracts +€37,130
new in 2026: €37,130
- Cash -€8,922
down €8,922 (-17.5%), from €50,856 to €41,934
mainly Stocks and contracts (-€37,130) and Accrued charges and deferred income (-€7,905)
- Receivables within one year -€3,952
down €3,952 (-2.6%), from €152,370 to €148,418
of which Other amounts receivable: -€5,031
- Reserves +€21,066
up €21,066 (+32.8%), from €64,140 to €85,206
- Trade debts +€10,694
up €10,694 (+13.3%), from €80,191 to €90,885
- Accrued charges and deferred income -€7,905
down €7,905 (-94.7%), from €8,352 to €447
- Gross operating margin +€21,680
up €21,680 (+139.5%), from €15,542 to €37,222
- Taxes +€7,614
up €7,614 (+199.6%), from €3,815 to €11,428
- Other operating charges -€2,928
down €2,928 (-76.9%), from €3,809 to €881
- Depreciation +€494
up €494 (+78.0%), from €633 to €1,126
- Financial charges +€444
up €444 (+19.5%), from €2,283 to €2,727
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,851 | €231,145 | +€24,294 | +11.7% |
| Fixed assets | 21/28 | €3,326 | €3,574 | +€247 | +7.4% |
| Intangible fixed assets | 21 | €2,074 | €1,614 | -€460 | -22.2% |
| Tangible fixed assets | 22/27 | €1,203 | €1,910 | +€708 | +58.8% |
| Furniture and vehicles | 24 | €1,203 | €1,910 | +€708 | +58.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €203,525 | €227,572 | +€24,046 | +11.8% |
| Stocks and contracts in progress | 3 | - | €37,130 | +€37,130 | |
| Stocks | 30/36 | - | €37,130 | +€37,130 | |
| Amounts receivable within one year | 40/41 | €152,370 | €148,418 | -€3,952 | -2.6% |
| Trade receivables | 40 | €146,404 | €147,483 | +€1,079 | +0.7% |
| Other amounts receivable | 41 | €5,965 | €934 | -€5,031 | -84.3% |
| Cash at bank and in hand | 54/58 | €50,856 | €41,934 | -€8,922 | -17.5% |
| Deferred charges and accrued income | 490/1 | €300 | €90 | -€210 | -70.0% |
| Total equity and liabilities | 10/49 | €206,851 | €231,145 | +€24,294 | +11.7% |
| Equity | 10/15 | €84,140 | €105,206 | +€21,066 | +25.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,140 | €85,206 | +€21,066 | +32.8% |
| Distributable reserves | 133 | €64,140 | €85,206 | +€21,066 | +32.8% |
| Amounts payable | 17/49 | €122,711 | €125,940 | +€3,228 | +2.6% |
| Amounts payable within one year | 42/48 | €114,360 | €125,493 | +€11,133 | +9.7% |
| Trade debts | 44 | €80,191 | €90,885 | +€10,694 | +13.3% |
| Suppliers | 440/4 | €80,191 | €90,885 | +€10,694 | +13.3% |
| Advances received on contracts in progress | 46 | €1,933 | €2,117 | +€184 | +9.5% |
| Taxes, remuneration and social security | 45 | €14,556 | €15,243 | +€687 | +4.7% |
| Taxes | 450/3 | €14,556 | €15,243 | +€687 | +4.7% |
| Other amounts payable | 47/48 | €17,680 | €17,248 | -€432 | -2.4% |
| Accrued charges and deferred income | 492/3 | €8,352 | €447 | -€7,905 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €1,126 | +€494 | +78.0% |
| Other operating charges | 640/8 | €3,809 | €881 | -€2,928 | -76.9% |
| Gross operating margin | 9900 | €15,542 | €37,222 | +€21,680 | +139.5% |
| Operating profit (loss) | 9901 | €11,101 | €35,214 | +€24,114 | +217.2% |
| Financial income | 75/76B | €72 | €7 | -€65 | -90.6% |
| Recurring financial income | 75 | €72 | €7 | -€65 | -90.6% |
| Financial charges | 65/66B | €2,283 | €2,727 | +€444 | +19.5% |
| Recurring financial charges | 65 | €2,283 | €2,727 | +€444 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €8,889 | €32,494 | +€23,605 | +265.5% |
| Income taxes | 67/77 | €3,815 | €11,428 | +€7,614 | +199.6% |
| Profit (loss) for the period | 9904 | €5,075 | €21,066 | +€15,991 | +315.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,075 | €21,066 | +€15,991 | +315.1% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.