CO2 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.
CO2 MANAGEMENT
Largest movements
- Tangible fixed assets +€14,439
up €14,439 (+75.0%), from €19,242 to €33,681
of which Plant, machinery and equipment: +€22,455
- Cash +€6,674
up €6,674 (+96.1%), from €6,943 to €13,618
mainly Debts after one year (+€17,617) and Depreciation (+€10,711)
- Receivables within one year +€5,622
up €5,622 (+58.4%), from €9,631 to €15,253
of which Trade receivables: +€4,323
- Debts after one year +€17,617
new in 2026: €17,617
- Current portion of long-term debt +€4,198
new in 2026: €4,198
- Tax, wage and social debts +€3,910
up €3,910 (+770%), from €508 to €4,418
of which Remuneration and social security: +€2,075
- Profit (loss) carried forward +€2,454
up €2,454 (+66.7%), from -€3,681 to -€1,227
- Other debts -€1,478
down €1,478 (-9.5%), from €15,472 to €13,995
- Gross operating margin +€5,556
up €5,556 (+51.4%), from €10,805 to €16,361
- Financial income -€4,992
down €4,992 (-99.8%), from €5,000 to €8
of which Non-recurring financial income: -€5,000
- Depreciation +€2,244
up €2,244 (+26.5%), from €8,467 to €10,711
- Taxes +€962
up €962 (+259%), from €371 to €1,333
- Other operating charges -€370
down €370 (-41.2%), from €897 to €527
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,799 | €63,806 | +€27,007 | +73.4% |
| Fixed assets | 21/28 | €19,242 | €33,681 | +€14,439 | +75.0% |
| Tangible fixed assets | 22/27 | €19,242 | €33,681 | +€14,439 | +75.0% |
| Plant, machinery and equipment | 23 | €5,423 | €27,878 | +€22,455 | +414% |
| Furniture and vehicles | 24 | €11,850 | €4,553 | -€7,297 | -61.6% |
| Other tangible fixed assets | 26 | €1,969 | €1,250 | -€719 | -36.5% |
| Current assets | 29/58 | €17,557 | €30,126 | +€12,569 | +71.6% |
| Amounts receivable within one year | 40/41 | €9,631 | €15,253 | +€5,622 | +58.4% |
| Trade receivables | 40 | €9,631 | €13,954 | +€4,323 | +44.9% |
| Other amounts receivable | 41 | - | €1,299 | +€1,299 | |
| Cash at bank and in hand | 54/58 | €6,943 | €13,618 | +€6,674 | +96.1% |
| Deferred charges and accrued income | 490/1 | €983 | €1,255 | +€272 | +27.7% |
| Total equity and liabilities | 10/49 | €36,799 | €63,806 | +€27,007 | +73.4% |
| Equity | 10/15 | €18,420 | €20,874 | +€2,454 | +13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,101 | €2,101 | = | 0.0% |
| Distributable reserves | 133 | €2,101 | €2,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,681 | -€1,227 | +€2,454 | +66.7% |
| Amounts payable | 17/49 | €18,379 | €42,932 | +€24,553 | +134% |
| Amounts payable after more than one year | 17 | - | €17,617 | +€17,617 | |
| Financial debts | 170/4 | - | €17,617 | +€17,617 | |
| Amounts payable within one year | 42/48 | €17,312 | €24,208 | +€6,896 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,198 | +€4,198 | |
| Trade debts | 44 | €1,332 | €1,597 | +€265 | +19.9% |
| Suppliers | 440/4 | €1,332 | €1,597 | +€265 | +19.9% |
| Taxes, remuneration and social security | 45 | €508 | €4,418 | +€3,910 | +770% |
| Taxes | 450/3 | €508 | €2,343 | +€1,835 | +361% |
| Remuneration and social security | 454/9 | - | €2,075 | +€2,075 | |
| Other amounts payable | 47/48 | €15,472 | €13,995 | -€1,478 | -9.5% |
| Accrued charges and deferred income | 492/3 | €1,067 | €1,107 | +€40 | +3.7% |
| Non-recurring operating income | 76A | €95 | €0 | -€95 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,467 | €10,711 | +€2,244 | +26.5% |
| Other operating charges | 640/8 | €897 | €527 | -€370 | -41.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,805 | €16,361 | +€5,556 | +51.4% |
| Operating profit (loss) | 9901 | €1,441 | €5,123 | +€3,682 | +256% |
| Financial income | 75/76B | €5,000 | €8 | -€4,992 | -99.8% |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Non-recurring financial income | 76B | €5,000 | €0 | -€5,000 | -100% |
| Financial charges | 65/66B | €1,165 | €1,344 | +€179 | +15.4% |
| Recurring financial charges | 65 | €1,165 | €1,344 | +€179 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €5,276 | €3,787 | -€1,489 | -28.2% |
| Income taxes | 67/77 | €371 | €1,333 | +€962 | +259% |
| Profit (loss) for the period | 9904 | €4,905 | €2,454 | -€2,451 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,905 | €2,454 | -€2,451 | -50.0% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.