C43 Management: 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.
C43 Management
Largest movements
- Receivables within one year +€3,474
up €3,474 (+79.1%), from €4,390 to €7,864
of which Trade receivables: +€3,331
- Cash -€2,959
down €2,959 (-16.1%), from €18,355 to €15,396
mainly Receivables within one year (-€3,474) and Deferred charges and accrued income (-€1,629)
- Deferred charges and accrued income +€1,629
up €1,629 (+458.9%), from €355 to €1,984
- Intangible fixed assets -€385
no longer reported in 2025 (was €385)
- Profit (loss) carried forward +€1,537
up €1,537 (+9.7%), from -€15,783 to -€14,246
- Other debts +€734
up €734 (+35.7%), from €2,055 to €2,789
- Tax, wage and social debts -€296
down €296 (-1.7%), from €17,296 to €17,000
of which Taxes: -€296
- Gross operating margin +€2,265
up €2,265 (+821.3%), from €276 to €2,541
- Depreciation -€888
down €888 (-69.8%), from €1,273 to €385
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 | €24,075 | €25,834 | +€1,760 | +7.3% |
| Fixed assets | 21/28 | €975 | €590 | -€385 | -39.5% |
| Intangible fixed assets | 21 | €385 | - | -€385 | |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €23,100 | €25,244 | +€2,145 | +9.3% |
| Amounts receivable within one year | 40/41 | €4,390 | €7,864 | +€3,474 | +79.1% |
| Trade receivables | 40 | €4,390 | €7,721 | +€3,331 | +75.9% |
| Other amounts receivable | 41 | - | €143 | +€143 | |
| Cash at bank and in hand | 54/58 | €18,355 | €15,396 | -€2,959 | -16.1% |
| Deferred charges and accrued income | 490/1 | €355 | €1,984 | +€1,629 | +458.9% |
| Total equity and liabilities | 10/49 | €24,075 | €25,834 | +€1,760 | +7.3% |
| Equity | 10/15 | €2,817 | €4,354 | +€1,537 | +54.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,783 | -€14,246 | +€1,537 | +9.7% |
| Amounts payable | 17/49 | €21,258 | €21,480 | +€223 | +1.0% |
| Amounts payable within one year | 42/48 | €21,258 | €21,480 | +€223 | +1.0% |
| Trade debts | 44 | €1,907 | €1,692 | -€215 | -11.3% |
| Suppliers | 440/4 | €1,907 | €1,692 | -€215 | -11.3% |
| Taxes, remuneration and social security | 45 | €17,296 | €17,000 | -€296 | -1.7% |
| Taxes | 450/3 | €296 | - | -€296 | |
| Remuneration and social security | 454/9 | €17,000 | €17,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,055 | €2,789 | +€734 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,273 | €385 | -€888 | -69.8% |
| Other operating charges | 640/8 | €413 | €400 | -€13 | -3.2% |
| Gross operating margin | 9900 | €276 | €2,541 | +€2,265 | +821.3% |
| Operating profit (loss) | 9901 | -€1,410 | €1,756 | +€3,166 | |
| Financial charges | 65/66B | €234 | €219 | -€15 | -6.4% |
| Recurring financial charges | 65 | €234 | €219 | -€15 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,644 | €1,537 | +€3,181 | |
| Profit (loss) for the period | 9904 | -€1,644 | €1,537 | +€3,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,644 | €1,537 | +€3,181 |
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 11 October 2026 via checked.be.