CLASSIC 42: 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.
CLASSIC 42
Largest movements
- Stocks and contracts +€388,170
up €388,170 (+17.9%), from €2.2m to €2.6m
- Receivables within one year -€323,083
down €323,083 (-87.6%), from €368,861 to €45,777
of which Trade receivables: -€327,500
- Cash -€288,991
down €288,991 (-100.0%), from €288,991 to €0
mainly Stocks and contracts (-€388,170) and Advances received (-€325,000)
- Deferred charges and accrued income -€45,029
down €45,029 (-88.7%), from €50,762 to €5,732
- Advances received -€325,000
down €325,000 (-100.0%), from €325,000 to €0
- Other debts +€250,000
up €250,000 (+12.5%), from €2.0m to €2.3m
- Profit (loss) carried forward -€189,808
down €189,808 (-499.7%), from -€37,987 to -€227,795
- Debts after one year +€40,000
up €40,000, from €0 to €40,000
- Gross operating margin -€139,358
down €139,358 (-2873.5%), from -€4,850 to -€144,208
- Other operating charges +€28,487
up €28,487 (+3924.0%), from €726 to €29,213
- Financial charges +€5,741
up €5,741 (+277.0%), from €2,073 to €7,813
- Depreciation -€2,967
down €2,967 (-25.7%), from €11,547 to €8,580
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 | €2,908,196 | €2,631,352 | -€276,844 | -9.5% |
| Fixed assets | 21/28 | €26,821 | €18,911 | -€7,911 | -29.5% |
| Tangible fixed assets | 22/27 | €26,821 | €18,911 | -€7,911 | -29.5% |
| Plant, machinery and equipment | 23 | €18,119 | €13,330 | -€4,789 | -26.4% |
| Furniture and vehicles | 24 | €5,287 | €2,935 | -€2,352 | -44.5% |
| Other tangible fixed assets | 26 | €3,416 | €2,645 | -€770 | -22.6% |
| Current assets | 29/58 | €2,881,375 | €2,612,441 | -€268,933 | -9.3% |
| Stocks and contracts in progress | 3 | €2,172,762 | €2,560,932 | +€388,170 | +17.9% |
| Stocks | 30/36 | €2,172,762 | €2,560,932 | +€388,170 | +17.9% |
| Amounts receivable within one year | 40/41 | €368,861 | €45,777 | -€323,083 | -87.6% |
| Trade receivables | 40 | €361,378 | €33,878 | -€327,500 | -90.6% |
| Other amounts receivable | 41 | €7,482 | €11,899 | +€4,417 | +59.0% |
| Cash at bank and in hand | 54/58 | €288,991 | €0 | -€288,991 | -100.0% |
| Deferred charges and accrued income | 490/1 | €50,762 | €5,732 | -€45,029 | -88.7% |
| Total equity and liabilities | 10/49 | €2,908,196 | €2,631,352 | -€276,844 | -9.5% |
| Equity | 10/15 | €252,013 | €62,205 | -€189,808 | -75.3% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,987 | -€227,795 | -€189,808 | -499.7% |
| Amounts payable | 17/49 | €2,656,183 | €2,569,147 | -€87,036 | -3.3% |
| Amounts payable after more than one year | 17 | €0 | €40,000 | +€40,000 | |
| Financial debts | 170/4 | €0 | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €2,656,183 | €2,529,147 | -€127,036 | -4.8% |
| Financial debts | 43 | €280,293 | €252,605 | -€27,688 | -9.9% |
| Credit institutions | 430/8 | €280,293 | €252,605 | -€27,688 | -9.9% |
| Trade debts | 44 | €50,470 | €26,254 | -€24,217 | -48.0% |
| Suppliers | 440/4 | €50,470 | €26,254 | -€24,217 | -48.0% |
| Advances received on contracts in progress | 46 | €325,000 | €0 | -€325,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €420 | €289 | -€131 | -31.2% |
| Taxes | 450/3 | €131 | €0 | -€131 | -100.0% |
| Remuneration and social security | 454/9 | €289 | €289 | = | 0.0% |
| Other amounts payable | 47/48 | €2,000,000 | €2,250,000 | +€250,000 | +12.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,547 | €8,580 | -€2,967 | -25.7% |
| Other operating charges | 640/8 | €726 | €29,213 | +€28,487 | +3924.0% |
| Gross operating margin | 9900 | -€4,850 | -€144,208 | -€139,358 | -2873.5% |
| Operating profit (loss) | 9901 | -€17,123 | -€182,001 | -€164,878 | -962.9% |
| Financial income | 75/76B | €46 | €7 | -€39 | -85.2% |
| Recurring financial income | 75 | €46 | €7 | -€39 | -85.2% |
| Financial charges | 65/66B | €2,073 | €7,813 | +€5,741 | +277.0% |
| Recurring financial charges | 65 | €2,073 | €7,813 | +€5,741 | +277.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,150 | -€189,808 | -€170,658 | -891.2% |
| Income taxes | 67/77 | €131 | €0 | -€131 | -100.0% |
| Profit (loss) for the period | 9904 | -€19,281 | -€189,808 | -€170,527 | -884.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,281 | -€189,808 | -€170,527 | -884.4% |
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.