C2F: 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.
C2F
Largest movements
- Cash +€522,525
up €522,525 (+104.4%), from €500,273 to €1.0m
mainly Net result for the year (+€530,518) and Other debts (+€30,000)
- Receivables within one year +€14,255
new in 2025: €14,255
of which Trade receivables: +€13,875
- Reserves +€997,672
new in 2025: €997,672
- Profit (loss) carried forward -€497,154
no longer reported in 2025 (was €497,154)
- Other debts +€30,000
up €30,000 (+1500.0%), from €2,000 to €32,000
- Gross operating margin +€40,853
up €40,853, from -€2,774 to €38,079
- Taxes +€7,512
new in 2025: €7,512
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 | €501,273 | €1,039,435 | +€538,163 | +107.4% |
| Fixed assets | 21/28 | €1,000 | €2,383 | +€1,383 | +138.3% |
| Tangible fixed assets | 22/27 | - | €1,383 | +€1,383 | |
| Furniture and vehicles | 24 | - | €1,383 | +€1,383 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €500,273 | €1,037,052 | +€536,779 | +107.3% |
| Amounts receivable within one year | 40/41 | - | €14,255 | +€14,255 | |
| Trade receivables | 40 | - | €13,875 | +€13,875 | |
| Other amounts receivable | 41 | - | €380 | +€380 | |
| Cash at bank and in hand | 54/58 | €500,273 | €1,022,798 | +€522,525 | +104.4% |
| Total equity and liabilities | 10/49 | €501,273 | €1,039,435 | +€538,163 | +107.4% |
| Equity | 10/15 | €499,154 | €999,672 | +€500,518 | +100.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €997,672 | +€997,672 | |
| Distributable reserves | 133 | - | €997,672 | +€997,672 | |
| Profit (loss) carried forward | 14 | €497,154 | - | -€497,154 | |
| Amounts payable | 17/49 | €2,119 | €39,764 | +€37,645 | +1776.7% |
| Amounts payable within one year | 42/48 | €2,119 | €39,764 | +€37,645 | +1776.7% |
| Trade debts | 44 | €119 | €252 | +€133 | +111.9% |
| Suppliers | 440/4 | €119 | €252 | +€133 | +111.9% |
| Taxes, remuneration and social security | 45 | - | €7,512 | +€7,512 | |
| Taxes | 450/3 | - | €7,512 | +€7,512 | |
| Other amounts payable | 47/48 | €2,000 | €32,000 | +€30,000 | +1500.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8 | +€8 | |
| Gross operating margin | 9900 | -€2,774 | €38,079 | +€40,853 | |
| Operating profit (loss) | 9901 | -€2,774 | €38,071 | +€40,845 | |
| Financial income | 75/76B | €500,000 | €500,000 | = | 0.0% |
| Recurring financial income | 75 | €500,000 | €500,000 | = | 0.0% |
| Financial charges | 65/66B | €72 | €42 | -€30 | -41.8% |
| Recurring financial charges | 65 | €72 | €42 | -€30 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €497,154 | €538,029 | +€40,875 | +8.2% |
| Income taxes | 67/77 | - | €7,512 | +€7,512 | |
| Profit (loss) for the period | 9904 | €497,154 | €530,518 | +€33,364 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €497,154 | €530,518 | +€33,364 | +6.7% |
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 7 October 2026 via checked.be.