CO & CO: what changed
Two fiscal 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.
CO & CO
Largest movements
- Cash -€3,319
no longer reported in 2025 (was €3,319)
mainly Other debts (-€4,739) and Current investments (-€2,394)
- Current investments +€2,394
new in 2025: €2,394
- Receivables within one year +€1,396
new in 2025: €1,396
- Tangible fixed assets -€393
down €393 (-15.3%), from €2,577 to €2,184
of which Plant, machinery and equipment: -€337
- Deferred charges and accrued income -€97
down €97 (-23.2%), from €418 to €321
- Other debts -€4,739
down €4,739 (-39.2%), from €12,093 to €7,354
- Tax, wage and social debts +€2,166
up €2,166 (+213.4%), from €1,015 to €3,181
- Profit (loss) carried forward +€1,475
up €1,475 (+13.4%), from -€11,018 to -€9,543
- Trade debts +€1,168
new in 2025: €1,168
- Gross operating margin -€858
down €858 (-57.3%), from €1,497 to €639
- Depreciation +€27
up €27 (+7.4%), from €366 to €393
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 | €8,466 | €8,536 | +€70 | +0.8% |
| Fixed assets | 21/28 | €2,577 | €2,184 | -€393 | -15.3% |
| Tangible fixed assets | 22/27 | €2,577 | €2,184 | -€393 | -15.3% |
| Plant, machinery and equipment | 23 | €2,491 | €2,154 | -€337 | -13.5% |
| Furniture and vehicles | 24 | €86 | €30 | -€56 | -65.1% |
| Current assets | 29/58 | €5,889 | €6,352 | +€463 | +7.9% |
| Stocks and contracts in progress | 3 | €2,152 | €2,241 | +€89 | +4.1% |
| Stocks | 30/36 | €2,152 | €2,241 | +€89 | +4.1% |
| Amounts receivable within one year | 40/41 | - | €1,396 | +€1,396 | |
| Trade receivables | 40 | - | €1,396 | +€1,396 | |
| Current investments | 50/53 | - | €2,394 | +€2,394 | |
| Cash at bank and in hand | 54/58 | €3,319 | - | -€3,319 | |
| Deferred charges and accrued income | 490/1 | €418 | €321 | -€97 | -23.2% |
| Total equity and liabilities | 10/49 | €8,466 | €8,536 | +€70 | +0.8% |
| Equity | 10/15 | -€4,642 | -€3,167 | +€1,475 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176 | €176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €176 | €176 | = | 0.0% |
| Reserves not available under the articles | 1311 | €176 | €176 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,018 | -€9,543 | +€1,475 | +13.4% |
| Amounts payable | 17/49 | €13,108 | €11,703 | -€1,405 | -10.7% |
| Amounts payable within one year | 42/48 | €13,108 | €11,703 | -€1,405 | -10.7% |
| Trade debts | 44 | - | €1,168 | +€1,168 | |
| Suppliers | 440/4 | - | €1,168 | +€1,168 | |
| Taxes, remuneration and social security | 45 | €1,015 | €3,181 | +€2,166 | +213.4% |
| Taxes | 450/3 | €1,015 | €3,181 | +€2,166 | +213.4% |
| Other amounts payable | 47/48 | €12,093 | €7,354 | -€4,739 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €393 | +€27 | +7.4% |
| Other operating charges | 640/8 | €2,478 | €2,474 | -€4 | -0.2% |
| Gross operating margin | 9900 | €1,497 | €639 | -€858 | -57.3% |
| Operating profit (loss) | 9901 | -€1,347 | -€2,228 | -€881 | -65.4% |
| Financial charges | 65/66B | €57 | €48 | -€9 | -15.8% |
| Recurring financial charges | 65 | €57 | €48 | -€9 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,404 | -€2,276 | -€872 | -62.1% |
| Profit (loss) for the period | 9904 | -€1,404 | -€2,276 | -€872 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,404 | -€2,276 | -€872 | -62.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.