C3L: what changed
C3L
Largest movements
- Cash -€113,377
down €113,377 (-67.9%), from €166,979 to €53,602
mainly Receivables within one year (-€105,324) and Net result for the year (-€8,850)
- Receivables within one year +€105,324
up €105,324 (+131%), from €80,632 to €185,955
of which Other amounts receivable: +€105,324
- Reserves -€8,850
down €8,850 (-6.0%), from €147,215 to €138,365
- Depreciation -€3,966
down €3,966 (-80.6%), from €4,919 to €953
- Gross operating margin -€1,105
down €1,105 (-17.5%), from -€6,325 to -€7,430
- Staff costs -€335
no longer reported in 2025 (was €335)
- Taxes -€255
down €255 (-91.1%), from €280 to €25
- Other operating charges -€212
down €212 (-26.3%), from €808 to €596
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,993 | €241,096 | -€7,897 | -3.2% |
| Fixed assets | 21/28 | €1,187 | €1,332 | +€145 | +12.2% |
| Tangible fixed assets | 22/27 | €1,187 | €1,332 | +€145 | +12.2% |
| Plant, machinery and equipment | 23 | €160 | €64 | -€96 | -60.0% |
| Furniture and vehicles | 24 | €1,028 | €1,269 | +€241 | +23.4% |
| Current assets | 29/58 | €247,806 | €239,763 | -€8,043 | -3.2% |
| Amounts receivable within one year | 40/41 | €80,632 | €185,955 | +€105,324 | +131% |
| Trade receivables | 40 | €13,308 | €13,308 | = | 0.0% |
| Other amounts receivable | 41 | €67,324 | €172,647 | +€105,324 | +156% |
| Cash at bank and in hand | 54/58 | €166,979 | €53,602 | -€113,377 | -67.9% |
| Deferred charges and accrued income | 490/1 | €195 | €206 | +€11 | +5.4% |
| Total equity and liabilities | 10/49 | €248,993 | €241,096 | -€7,897 | -3.2% |
| Equity | 10/15 | €148,215 | €139,365 | -€8,850 | -6.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €147,215 | €138,365 | -€8,850 | -6.0% |
| Distributable reserves | 133 | €147,215 | €138,365 | -€8,850 | -6.0% |
| Amounts payable | 17/49 | €100,778 | €101,731 | +€952 | +0.9% |
| Amounts payable within one year | 42/48 | €100,778 | €101,731 | +€952 | +0.9% |
| Trade debts | 44 | €47,661 | €48,614 | +€952 | +2.0% |
| Suppliers | 440/4 | €47,661 | €48,614 | +€952 | +2.0% |
| Other amounts payable | 47/48 | €53,117 | €53,117 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €335 | - | -€335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,919 | €953 | -€3,966 | -80.6% |
| Other operating charges | 640/8 | €808 | €596 | -€212 | -26.3% |
| Gross operating margin | 9900 | -€6,325 | -€7,430 | -€1,105 | -17.5% |
| Operating profit (loss) | 9901 | -€12,387 | -€8,979 | +€3,409 | +27.5% |
| Financial income | 75/76B | €228 | €347 | +€119 | +52.0% |
| Recurring financial income | 75 | €228 | €347 | +€119 | +52.0% |
| Financial charges | 65/66B | €0 | €193 | +€193 | +1,926,400% |
| Recurring financial charges | 65 | €0 | €193 | +€193 | +1,926,400% |
| Profit (loss) for the period before taxes | 9903 | -€12,159 | -€8,825 | +€3,335 | +27.4% |
| Income taxes | 67/77 | €280 | €25 | -€255 | -91.1% |
| Profit (loss) for the period | 9904 | -€12,439 | -€8,850 | +€3,590 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,439 | -€8,850 | +€3,590 | +28.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.