C3 FACTORY: 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.
C3 FACTORY
Largest movements
- Cash -€88,588
down €88,588 (-54.5%), from €162,608 to €74,020
mainly Net result for the year (-€138,620) and Debts after one year (-€29,772)
- Receivables within one year -€41,457
down €41,457 (-52.7%), from €78,733 to €37,276
of which Trade receivables: -€49,884
- Tangible fixed assets -€30,326
down €30,326 (-3.6%), from €835,165 to €804,839
of which Land and buildings: -€23,103
- Profit (loss) carried forward -€138,620
down €138,620 (-66.7%), from €207,818 to €69,198
- Debts after one year -€29,772
down €29,772 (-40.3%), from €73,810 to €44,038
- Tax, wage and social debts +€24,335
up €24,335 (+101%), from €24,073 to €48,408
of which Remuneration and social security: +€18,727
- Advances received -€16,396
no longer reported in 2025 (was €16,396)
- Write-downs +€70,182
no longer reported in 2025 (was -€70,182)
- Gross operating margin -€29,763
down €29,763 (-45.8%), from -€65,035 to -€94,798
- Taxes -€22,566
no longer reported in 2025 (was €22,566)
- Staff costs +€2,150
up €2,150 (+74.0%), from €2,904 to €5,054
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.
Derived cash bridge
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 | €1,095,435 | €935,390 | -€160,045 | -14.6% |
| Fixed assets | 21/28 | €854,093 | €823,767 | -€30,326 | -3.6% |
| Tangible fixed assets | 22/27 | €835,165 | €804,839 | -€30,326 | -3.6% |
| Land and buildings | 22 | €792,416 | €769,313 | -€23,103 | -2.9% |
| Plant, machinery and equipment | 23 | €28,030 | €23,479 | -€4,552 | -16.2% |
| Furniture and vehicles | 24 | €14,719 | €12,047 | -€2,672 | -18.2% |
| Financial fixed assets | 28 | €18,928 | €18,928 | = | 0.0% |
| Current assets | 29/58 | €241,342 | €111,624 | -€129,718 | -53.7% |
| Amounts receivable within one year | 40/41 | €78,733 | €37,276 | -€41,457 | -52.7% |
| Trade receivables | 40 | €75,306 | €25,422 | -€49,884 | -66.2% |
| Other amounts receivable | 41 | €3,427 | €11,855 | +€8,427 | +246% |
| Cash at bank and in hand | 54/58 | €162,608 | €74,020 | -€88,588 | -54.5% |
| Deferred charges and accrued income | 490/1 | - | €327 | +€327 | |
| Total equity and liabilities | 10/49 | €1,095,435 | €935,390 | -€160,045 | -14.6% |
| Equity | 10/15 | €429,818 | €291,198 | -€138,620 | -32.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,818 | €69,198 | -€138,620 | -66.7% |
| Amounts payable | 17/49 | €665,617 | €644,192 | -€21,425 | -3.2% |
| Amounts payable after more than one year | 17 | €73,810 | €44,038 | -€29,772 | -40.3% |
| Financial debts | 170/4 | €73,810 | €44,038 | -€29,772 | -40.3% |
| Amounts payable within one year | 42/48 | €591,807 | €600,154 | +€8,347 | +1.4% |
| Trade debts | 44 | €3,802 | €4,900 | +€1,098 | +28.9% |
| Suppliers | 440/4 | €3,802 | €4,900 | +€1,098 | +28.9% |
| Advances received on contracts in progress | 46 | €16,396 | - | -€16,396 | |
| Taxes, remuneration and social security | 45 | €24,073 | €48,408 | +€24,335 | +101% |
| Taxes | 450/3 | €1,507 | €7,115 | +€5,608 | +372% |
| Remuneration and social security | 454/9 | €22,567 | €41,293 | +€18,727 | +83.0% |
| Other amounts payable | 47/48 | €547,536 | €546,846 | -€690 | -0.1% |
| Remuneration, social security and pensions | 62 | €2,904 | €5,054 | +€2,150 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,544 | €30,326 | -€218 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€70,182 | - | +€70,182 | |
| Other operating charges | 640/8 | €5,325 | €5,384 | +€59 | +1.1% |
| Gross operating margin | 9900 | -€65,035 | -€94,798 | -€29,763 | -45.8% |
| Operating profit (loss) | 9901 | -€33,626 | -€135,562 | -€101,936 | -303% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,259 | €3,058 | -€201 | -6.2% |
| Recurring financial charges | 65 | €3,259 | €3,058 | -€201 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,884 | -€138,620 | -€101,735 | -276% |
| Income taxes | 67/77 | €22,566 | - | -€22,566 | |
| Profit (loss) for the period | 9904 | -€59,450 | -€138,620 | -€79,169 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,450 | -€138,620 | -€79,169 | -133% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.