C2D: 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.
C2D
Largest movements
- Receivables within one year -€15,091
down €15,091 (-77.7%), from €19,418 to €4,327
of which Trade receivables: -€13,480
- Tangible fixed assets +€12,648
up €12,648 (+361.5%), from €3,499 to €16,147
- Cash +€934
up €934 (+6.7%), from €13,854 to €14,788
mainly Receivables within one year (+€15,091) and Tax, wage and social debts (+€2,687)
- Profit (loss) carried forward -€5,047
down €5,047 (-24.4%), from €20,650 to €15,603
- Tax, wage and social debts +€2,687
up €2,687 (+37.8%), from €7,117 to €9,804
- Trade debts +€851
up €851 (+112.9%), from €754 to €1,605
- Gross operating margin -€13,854
down €13,854, from €11,077 to -€2,777
- Taxes -€3,081
down €3,081, from €3,002 to -€79
- Depreciation +€2,292
up €2,292 (+1942.4%), from €118 to €2,410
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 | €36,771 | €35,262 | -€1,509 | -4.1% |
| Fixed assets | 21/28 | €3,499 | €16,147 | +€12,648 | +361.5% |
| Tangible fixed assets | 22/27 | €3,499 | €16,147 | +€12,648 | +361.5% |
| Plant, machinery and equipment | 23 | €3,499 | €16,147 | +€12,648 | +361.5% |
| Current assets | 29/58 | €33,272 | €19,115 | -€14,157 | -42.5% |
| Amounts receivable within one year | 40/41 | €19,418 | €4,327 | -€15,091 | -77.7% |
| Trade receivables | 40 | €16,162 | €2,682 | -€13,480 | -83.4% |
| Other amounts receivable | 41 | €3,256 | €1,645 | -€1,611 | -49.5% |
| Cash at bank and in hand | 54/58 | €13,854 | €14,788 | +€934 | +6.7% |
| Total equity and liabilities | 10/49 | €36,771 | €35,262 | -€1,509 | -4.1% |
| Equity | 10/15 | €28,900 | €23,853 | -€5,047 | -17.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €750 | €750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,650 | €15,603 | -€5,047 | -24.4% |
| Amounts payable | 17/49 | €7,871 | €11,409 | +€3,538 | +44.9% |
| Amounts payable within one year | 42/48 | €7,871 | €11,409 | +€3,538 | +44.9% |
| Trade debts | 44 | €754 | €1,605 | +€851 | +112.9% |
| Suppliers | 440/4 | €754 | €1,605 | +€851 | +112.9% |
| Taxes, remuneration and social security | 45 | €7,117 | €9,804 | +€2,687 | +37.8% |
| Taxes | 450/3 | €7,117 | €9,804 | +€2,687 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118 | €2,410 | +€2,292 | +1942.4% |
| Gross operating margin | 9900 | €11,077 | -€2,777 | -€13,854 | |
| Operating profit (loss) | 9901 | €10,959 | -€5,187 | -€16,146 | |
| Financial income | 75/76B | €191 | €133 | -€58 | -30.4% |
| Recurring financial income | 75 | €191 | €133 | -€58 | -30.4% |
| Financial charges | 65/66B | €133 | €72 | -€61 | -45.9% |
| Recurring financial charges | 65 | €133 | €72 | -€61 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €11,017 | -€5,126 | -€16,143 | |
| Income taxes | 67/77 | €3,002 | -€79 | -€3,081 | |
| Profit (loss) for the period | 9904 | €8,015 | -€5,047 | -€13,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,015 | -€5,047 | -€13,062 |
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 6 October 2026 via checked.be.