C2D SYSTEM HOUSE: 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.
C2D SYSTEM HOUSE
Largest movements
- Receivables within one year -€154,941
down €154,941 (-63.0%), from €245,912 to €90,971
of which Trade receivables: -€154,941
- Cash +€14,242
up €14,242 (+54.6%), from €26,063 to €40,306
mainly Receivables within one year (+€154,941) and Accrued charges and deferred income (+€16,697)
- Current investments +€9,344
up €9,344 (+5.4%), from €172,159 to €181,502
- Tangible fixed assets -€8,804
down €8,804 (-42.8%), from €20,553 to €11,749
of which Plant, machinery and equipment: -€6,655
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts -€57,856
down €57,856 (-49.4%), from €117,066 to €59,209
- Accrued charges and deferred income +€16,697
new in 2025: €16,697
- Profit (loss) carried forward +€11,582
up €11,582 (+8.3%), from €138,735 to €150,317
- Tax, wage and social debts -€8,022
down €8,022 (-20.4%), from €39,298 to €31,276
of which Taxes: -€13,646
- Turnover +€59,655
up €59,655 (+15.4%), from €386,680 to €446,335
- Purchases and services +€34,381
up €34,381 (+14.4%), from €238,382 to €272,763
- Gross operating margin +€25,367
up €25,367 (+16.8%), from €150,846 to €176,212
- Staff costs +€17,535
up €17,535 (+12.9%), from €135,653 to €153,188
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 | €467,047 | €325,700 | -€141,347 | -30.3% |
| Fixed assets | 21/28 | €20,553 | €11,749 | -€8,804 | -42.8% |
| Tangible fixed assets | 22/27 | €20,553 | €11,749 | -€8,804 | -42.8% |
| Plant, machinery and equipment | 23 | €16,351 | €9,696 | -€6,655 | -40.7% |
| Furniture and vehicles | 24 | €4,202 | €2,053 | -€2,149 | -51.1% |
| Current assets | 29/58 | €446,494 | €313,951 | -€132,543 | -29.7% |
| Amounts receivable within one year | 40/41 | €245,912 | €90,971 | -€154,941 | -63.0% |
| Trade receivables | 40 | €245,607 | €90,666 | -€154,941 | -63.1% |
| Other amounts receivable | 41 | €305 | €305 | +€0 | 0.0% |
| Current investments | 50/53 | €172,159 | €181,502 | +€9,344 | +5.4% |
| Cash at bank and in hand | 54/58 | €26,063 | €40,306 | +€14,242 | +54.6% |
| Deferred charges and accrued income | 490/1 | €2,360 | €1,172 | -€1,188 | -50.3% |
| Total equity and liabilities | 10/49 | €467,047 | €325,700 | -€141,347 | -30.3% |
| Equity | 10/15 | €206,935 | €218,517 | +€11,582 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,735 | €150,317 | +€11,582 | +8.3% |
| Amounts payable | 17/49 | €260,112 | €107,183 | -€152,929 | -58.8% |
| Amounts payable within one year | 42/48 | €260,112 | €90,486 | -€169,627 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €3,748 | - | -€3,748 | |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €117,066 | €59,209 | -€57,856 | -49.4% |
| Suppliers | 440/4 | €117,066 | €59,209 | -€57,856 | -49.4% |
| Taxes, remuneration and social security | 45 | €39,298 | €31,276 | -€8,022 | -20.4% |
| Taxes | 450/3 | €16,398 | €2,752 | -€13,646 | -83.2% |
| Remuneration and social security | 454/9 | €22,900 | €28,524 | +€5,624 | +24.6% |
| Accrued charges and deferred income | 492/3 | - | €16,697 | +€16,697 | |
| Turnover | 70 | €386,680 | €446,335 | +€59,655 | +15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €238,382 | €272,763 | +€34,381 | +14.4% |
| Remuneration, social security and pensions | 62 | €135,653 | €153,188 | +€17,535 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,245 | €8,804 | -€442 | -4.8% |
| Other operating charges | 640/8 | €749 | €973 | +€224 | +29.9% |
| Gross operating margin | 9900 | €150,846 | €176,212 | +€25,367 | +16.8% |
| Operating profit (loss) | 9901 | €5,198 | €13,247 | +€8,049 | +154.8% |
| Financial income | 75/76B | €1,547 | €625 | -€922 | -59.6% |
| Recurring financial income | 75 | €1,547 | €625 | -€922 | -59.6% |
| Financial charges | 65/66B | €4,503 | €2,247 | -€2,256 | -50.1% |
| Recurring financial charges | 65 | €4,503 | €2,247 | -€2,256 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €2,243 | €11,626 | +€9,383 | +418.4% |
| Income taxes | 67/77 | €243 | €44 | -€199 | -82.0% |
| Profit (loss) for the period | 9904 | €2,000 | €11,582 | +€9,582 | +479.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,000 | €11,582 | +€9,582 | +479.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.