Cash CSE: 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.
Cash CSE
Largest movements
- Tangible fixed assets -€22,958
down €22,958 (-30.9%), from €74,365 to €51,407
of which Furniture and vehicles: -€12,034
- Cash +€13,843
up €13,843 (+83.4%), from €16,596 to €30,439
mainly Depreciation (+€22,958) and Tax, wage and social debts (+€8,283)
- Receivables within one year -€8,251
down €8,251 (-36.7%), from €22,508 to €14,257
of which Other amounts receivable: -€7,813
- Trade debts -€13,649
down €13,649 (-55.3%), from €24,673 to €11,024
- Debts after one year -€8,428
down €8,428 (-24.2%), from €34,758 to €26,329
- Tax, wage and social debts +€8,283
up €8,283 (+19.8%), from €41,928 to €50,210
of which Taxes: +€11,996
- Accrued charges and deferred income -€2,400
no longer reported in 2025 (was €2,400)
- Turnover -€614,858
no longer reported in 2025 (was €614,858)
- Purchases and services +€37,697
up €37,697 (+7.9%), from €478,818 to €516,515
- Depreciation +€10,855
up €10,855 (+89.7%), from €12,103 to €22,958
- Gross operating margin -€6,922
down €6,922 (-5.1%), from €136,039 to €129,118
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 | €222,641 | €205,284 | -€17,357 | -7.8% |
| Fixed assets | 21/28 | €74,365 | €51,407 | -€22,958 | -30.9% |
| Tangible fixed assets | 22/27 | €74,365 | €51,407 | -€22,958 | -30.9% |
| Plant, machinery and equipment | 23 | €5,231 | €3,602 | -€1,629 | -31.1% |
| Furniture and vehicles | 24 | €46,967 | €34,933 | -€12,034 | -25.6% |
| Other tangible fixed assets | 26 | €22,167 | €12,872 | -€9,294 | -41.9% |
| Current assets | 29/58 | €148,276 | €153,877 | +€5,601 | +3.8% |
| Stocks and contracts in progress | 3 | €107,208 | €108,698 | +€1,490 | +1.4% |
| Stocks | 30/36 | €107,208 | €108,698 | +€1,490 | +1.4% |
| Amounts receivable within one year | 40/41 | €22,508 | €14,257 | -€8,251 | -36.7% |
| Trade receivables | 40 | €439 | - | -€439 | |
| Other amounts receivable | 41 | €22,070 | €14,257 | -€7,813 | -35.4% |
| Cash at bank and in hand | 54/58 | €16,596 | €30,439 | +€13,843 | +83.4% |
| Deferred charges and accrued income | 490/1 | €1,963 | €483 | -€1,480 | -75.4% |
| Total equity and liabilities | 10/49 | €222,641 | €205,284 | -€17,357 | -7.8% |
| Equity | 10/15 | €104,071 | €103,704 | -€366 | -0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,071 | €75,704 | -€366 | -0.5% |
| Amounts payable | 17/49 | €118,570 | €101,580 | -€16,990 | -14.3% |
| Amounts payable after more than one year | 17 | €34,758 | €26,329 | -€8,428 | -24.2% |
| Financial debts | 170/4 | €34,758 | €26,329 | -€8,428 | -24.2% |
| Amounts payable within one year | 42/48 | €81,412 | €75,251 | -€6,161 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €8,140 | €8,428 | +€289 | +3.5% |
| Trade debts | 44 | €24,673 | €11,024 | -€13,649 | -55.3% |
| Suppliers | 440/4 | €24,673 | €11,024 | -€13,649 | -55.3% |
| Taxes, remuneration and social security | 45 | €41,928 | €50,210 | +€8,283 | +19.8% |
| Taxes | 450/3 | €25,482 | €37,478 | +€11,996 | +47.1% |
| Remuneration and social security | 454/9 | €16,445 | €12,732 | -€3,713 | -22.6% |
| Other amounts payable | 47/48 | €6,672 | €5,588 | -€1,084 | -16.2% |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Turnover | 70 | €614,858 | - | -€614,858 | |
| Goods, raw materials, services and sundry goods | 60/61 | €478,818 | €516,515 | +€37,697 | +7.9% |
| Remuneration, social security and pensions | 62 | €90,359 | €88,907 | -€1,452 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,103 | €22,958 | +€10,855 | +89.7% |
| Other operating charges | 640/8 | €3,278 | €7,282 | +€4,004 | +122% |
| Gross operating margin | 9900 | €136,039 | €129,118 | -€6,922 | -5.1% |
| Operating profit (loss) | 9901 | €30,299 | €9,971 | -€20,328 | -67.1% |
| Financial income | 75/76B | €2,980 | €3,692 | +€712 | +23.9% |
| Recurring financial income | 75 | €2,980 | €3,692 | +€712 | +23.9% |
| Financial charges | 65/66B | €10,103 | €7,363 | -€2,740 | -27.1% |
| Recurring financial charges | 65 | €10,103 | €7,363 | -€2,740 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €23,177 | €6,300 | -€16,876 | -72.8% |
| Income taxes | 67/77 | €7,906 | €6,667 | -€1,240 | -15.7% |
| Profit (loss) for the period | 9904 | €15,270 | -€366 | -€15,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,270 | -€366 | -€15,637 |
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 22 October 2026 via checked.be.