C3V: 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.
C3V
Largest movements
- Tangible fixed assets -€17,839
down €17,839 (-10.9%), from €163,057 to €145,218
of which Land and buildings: -€10,260
- Cash +€8,295
up €8,295 (+13.1%), from €63,534 to €71,829
mainly Depreciation (+€26,110) and Net result for the year (+€19,516)
- Receivables within one year -€2,645
down €2,645 (-21.2%), from €12,468 to €9,823
of which Other amounts receivable: -€1,997
- Debts after one year -€20,616
down €20,616 (-27.0%), from €76,254 to €55,638
- Profit (loss) carried forward +€19,516
up €19,516 (+22.7%), from €86,064 to €105,580
- Trade debts -€12,109
down €12,109 (-80.5%), from €15,044 to €2,936
- Tax, wage and social debts +€4,156
up €4,156 (+49.3%), from €8,421 to €12,576
of which Remuneration and social security: +€2,342
- Current portion of long-term debt -€3,697
down €3,697 (-16.5%), from €22,442 to €18,745
- Staff costs +€22,526
up €22,526 (+14.5%), from €155,846 to €178,372
- Gross operating margin +€16,953
up €16,953 (+7.6%), from €222,981 to €239,934
- Depreciation +€8,290
up €8,290 (+46.5%), from €17,820 to €26,110
- Taxes -€6,382
down €6,382 (-52.0%), from €12,280 to €5,897
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 | €255,720 | €243,897 | -€11,823 | -4.6% |
| Fixed assets | 21/28 | €163,057 | €145,218 | -€17,839 | -10.9% |
| Tangible fixed assets | 22/27 | €163,057 | €145,218 | -€17,839 | -10.9% |
| Land and buildings | 22 | €110,580 | €100,320 | -€10,260 | -9.3% |
| Plant, machinery and equipment | 23 | €5,476 | €2,782 | -€2,694 | -49.2% |
| Furniture and vehicles | 24 | €1,656 | €1,183 | -€473 | -28.6% |
| Other tangible fixed assets | 26 | €45,344 | €40,933 | -€4,411 | -9.7% |
| Current assets | 29/58 | €92,664 | €98,679 | +€6,015 | +6.5% |
| Stocks and contracts in progress | 3 | €14,760 | €15,410 | +€650 | +4.4% |
| Stocks | 30/36 | €14,760 | €15,410 | +€650 | +4.4% |
| Amounts receivable within one year | 40/41 | €12,468 | €9,823 | -€2,645 | -21.2% |
| Trade receivables | 40 | €872 | €225 | -€648 | -74.3% |
| Other amounts receivable | 41 | €11,596 | €9,599 | -€1,997 | -17.2% |
| Cash at bank and in hand | 54/58 | €63,534 | €71,829 | +€8,295 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,903 | €1,617 | -€286 | -15.0% |
| Total equity and liabilities | 10/49 | €255,720 | €243,897 | -€11,823 | -4.6% |
| Equity | 10/15 | €131,064 | €150,580 | +€19,516 | +14.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,064 | €105,580 | +€19,516 | +22.7% |
| Amounts payable | 17/49 | €124,656 | €93,317 | -€31,339 | -25.1% |
| Amounts payable after more than one year | 17 | €76,254 | €55,638 | -€20,616 | -27.0% |
| Financial debts | 170/4 | €76,254 | €55,638 | -€20,616 | -27.0% |
| Amounts payable within one year | 42/48 | €48,402 | €37,679 | -€10,723 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €22,442 | €18,745 | -€3,697 | -16.5% |
| Financial debts | 43 | €2,495 | €3,422 | +€927 | +37.2% |
| Credit institutions | 430/8 | €2,495 | €3,422 | +€927 | +37.2% |
| Trade debts | 44 | €15,044 | €2,936 | -€12,109 | -80.5% |
| Suppliers | 440/4 | €15,044 | €2,936 | -€12,109 | -80.5% |
| Taxes, remuneration and social security | 45 | €8,421 | €12,576 | +€4,156 | +49.3% |
| Taxes | 450/3 | €5,794 | €7,608 | +€1,814 | +31.3% |
| Remuneration and social security | 454/9 | €2,626 | €4,968 | +€2,342 | +89.2% |
| Remuneration, social security and pensions | 62 | €155,846 | €178,372 | +€22,526 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,820 | €26,110 | +€8,290 | +46.5% |
| Other operating charges | 640/8 | €5,644 | €5,885 | +€241 | +4.3% |
| Gross operating margin | 9900 | €222,981 | €239,934 | +€16,953 | +7.6% |
| Operating profit (loss) | 9901 | €43,671 | €29,567 | -€14,104 | -32.3% |
| Financial income | 75/76B | €4,903 | €5,433 | +€530 | +10.8% |
| Recurring financial income | 75 | €4,903 | €5,433 | +€530 | +10.8% |
| Financial charges | 65/66B | €11,102 | €9,587 | -€1,514 | -13.6% |
| Recurring financial charges | 65 | €11,102 | €9,587 | -€1,514 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €37,473 | €25,413 | -€12,060 | -32.2% |
| Income taxes | 67/77 | €12,280 | €5,897 | -€6,382 | -52.0% |
| Profit (loss) for the period | 9904 | €25,193 | €19,516 | -€5,677 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,193 | €19,516 | -€5,677 | -22.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.