CC: 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.
CC
Largest movements
- Tangible fixed assets -€10,276
down €10,276 (-12.7%), from €80,779 to €70,503
of which Other tangible fixed assets: -€11,093
- Cash -€9,003
down €9,003 (-19.6%), from €45,973 to €36,970
mainly Investment in fixed assets (net) (-€16,797) and Debts after one year (-€14,429)
- Debts after one year -€14,429
down €14,429 (-30.8%), from €46,881 to €32,451
- Other debts -€7,813
down €7,813 (-25.0%), from €31,247 to €23,435
- Current portion of long-term debt +€6,360
up €6,360 (+37.7%), from €16,870 to €23,230
- Accrued charges and deferred income -€6,134
down €6,134 (-65.4%), from €9,374 to €3,240
- Short-term financial debts +€4,794
new in 2025: €4,794
- Staff costs +€34,924
new in 2025: €34,924
- Gross operating margin +€22,039
up €22,039 (+47.5%), from €46,350 to €68,390
- Taxes -€5,220
down €5,220 (-87.8%), from €5,947 to €727
- Depreciation +€4,579
up €4,579 (+19.7%), from €23,219 to €27,798
- Other operating charges +€1,661
up €1,661 (+123%), from €1,347 to €3,008
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 | €147,422 | €128,584 | -€18,838 | -12.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €88,965 | €77,964 | -€11,001 | -12.4% |
| Intangible fixed assets | 21 | €7,066 | €6,341 | -€725 | -10.3% |
| Tangible fixed assets | 22/27 | €80,779 | €70,503 | -€10,276 | -12.7% |
| Plant, machinery and equipment | 23 | €24,438 | €23,036 | -€1,402 | -5.7% |
| Furniture and vehicles | 24 | €3,197 | €5,416 | +€2,219 | +69.4% |
| Other tangible fixed assets | 26 | €53,144 | €42,051 | -€11,093 | -20.9% |
| Financial fixed assets | 28 | €1,120 | €1,120 | = | 0.0% |
| Current assets | 29/58 | €58,458 | €50,620 | -€7,838 | -13.4% |
| Stocks and contracts in progress | 3 | €8,793 | €9,852 | +€1,059 | +12.0% |
| Stocks | 30/36 | €8,793 | €9,852 | +€1,059 | +12.0% |
| Amounts receivable within one year | 40/41 | €3,283 | €2,202 | -€1,080 | -32.9% |
| Trade receivables | 40 | €2,641 | €1,213 | -€1,428 | -54.1% |
| Other amounts receivable | 41 | €641 | €989 | +€348 | +54.2% |
| Cash at bank and in hand | 54/58 | €45,973 | €36,970 | -€9,003 | -19.6% |
| Deferred charges and accrued income | 490/1 | €409 | €1,596 | +€1,187 | +290% |
| Total equity and liabilities | 10/49 | €147,422 | €128,584 | -€18,838 | -12.8% |
| Equity | 10/15 | €23,336 | €21,347 | -€1,989 | -8.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,418 | €11,418 | = | 0.0% |
| Distributable reserves | 133 | €11,418 | €11,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,919 | -€70 | -€1,989 | |
| Amounts payable | 17/49 | €124,086 | €107,236 | -€16,849 | -13.6% |
| Amounts payable after more than one year | 17 | €46,881 | €32,451 | -€14,429 | -30.8% |
| Financial debts | 170/4 | €46,881 | €32,451 | -€14,429 | -30.8% |
| Amounts payable within one year | 42/48 | €67,831 | €71,545 | +€3,714 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €16,870 | €23,230 | +€6,360 | +37.7% |
| Financial debts | 43 | - | €4,794 | +€4,794 | |
| Credit institutions | 430/8 | - | €4,794 | +€4,794 | |
| Trade debts | 44 | €8,947 | €6,810 | -€2,137 | -23.9% |
| Suppliers | 440/4 | €8,947 | €6,810 | -€2,137 | -23.9% |
| Taxes, remuneration and social security | 45 | €10,767 | €13,277 | +€2,509 | +23.3% |
| Taxes | 450/3 | €10,767 | €12,272 | +€1,504 | +14.0% |
| Remuneration and social security | 454/9 | - | €1,005 | +€1,005 | |
| Other amounts payable | 47/48 | €31,247 | €23,435 | -€7,813 | -25.0% |
| Accrued charges and deferred income | 492/3 | €9,374 | €3,240 | -€6,134 | -65.4% |
| Remuneration, social security and pensions | 62 | - | €34,924 | +€34,924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,219 | €27,798 | +€4,579 | +19.7% |
| Other operating charges | 640/8 | €1,347 | €3,008 | +€1,661 | +123% |
| Gross operating margin | 9900 | €46,350 | €68,390 | +€22,039 | +47.5% |
| Operating profit (loss) | 9901 | €21,784 | €2,659 | -€19,124 | -87.8% |
| Financial income | 75/76B | €38 | €7 | -€30 | -80.8% |
| Recurring financial income | 75 | €38 | €7 | -€30 | -80.8% |
| Financial charges | 65/66B | €4,457 | €3,929 | -€529 | -11.9% |
| Recurring financial charges | 65 | €4,457 | €3,929 | -€529 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €17,364 | -€1,262 | -€18,626 | |
| Income taxes | 67/77 | €5,947 | €727 | -€5,220 | -87.8% |
| Profit (loss) for the period | 9904 | €11,418 | -€1,989 | -€13,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,418 | -€1,989 | -€13,407 |
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 14 October 2026 via checked.be.