CO2 Strategy: 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.
CO2 Strategy
Largest movements
- Financial fixed assets -€21,281
down €21,281 (-95.5%), from €22,281 to €1,000
- Deferred charges and accrued income +€6,534
up €6,534 (+825.0%), from €792 to €7,325
- Receivables within one year -€3,751
down €3,751 (-10.4%), from €35,945 to €32,193
of which Trade receivables: -€11,334
- Tangible fixed assets -€3,025
down €3,025 (-44.9%), from €6,744 to €3,720
of which Furniture and vehicles: -€2,132
- Cash +€2,328
up €2,328 (+20.2%), from €11,512 to €13,841
mainly Investment in fixed assets (net) (+€21,295) and Net result for the year (+€10,588)
- Trade debts -€13,348
down €13,348 (-92.3%), from €14,459 to €1,111
- Tax, wage and social debts -€9,432
down €9,432 (-56.1%), from €16,804 to €7,372
of which Taxes: -€5,432
- Other debts +€8,000
up €8,000 (+114.3%), from €7,000 to €15,000
- Profit (loss) carried forward -€4,412
down €4,412 (-22.0%), from €20,034 to €15,622
- Debts after one year -€936
no longer reported in 2025 (was €936)
- Staff costs -€28,808
down €28,808, from €28,572 to -€235
- Financial charges +€20,705
up €20,705 (+1014.2%), from €2,042 to €22,746
- Gross operating margin -€20,015
down €20,015 (-29.5%), from €67,903 to €47,888
- Other operating charges +€1,676
up €1,676 (+108.2%), from €1,549 to €3,226
- Depreciation +€953
up €953 (+31.8%), from €2,991 to €3,944
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 | €79,693 | €59,565 | -€20,128 | -25.3% |
| Fixed assets | 21/28 | €31,444 | €6,205 | -€25,239 | -80.3% |
| Intangible fixed assets | 21 | €2,419 | €1,486 | -€933 | -38.6% |
| Tangible fixed assets | 22/27 | €6,744 | €3,720 | -€3,025 | -44.9% |
| Plant, machinery and equipment | 23 | €2,203 | €1,309 | -€893 | -40.6% |
| Furniture and vehicles | 24 | €4,542 | €2,410 | -€2,132 | -46.9% |
| Financial fixed assets | 28 | €22,281 | €1,000 | -€21,281 | -95.5% |
| Current assets | 29/58 | €48,249 | €53,359 | +€5,111 | +10.6% |
| Amounts receivable within one year | 40/41 | €35,945 | €32,193 | -€3,751 | -10.4% |
| Trade receivables | 40 | €35,945 | €24,610 | -€11,334 | -31.5% |
| Other amounts receivable | 41 | - | €7,583 | +€7,583 | |
| Cash at bank and in hand | 54/58 | €11,512 | €13,841 | +€2,328 | +20.2% |
| Deferred charges and accrued income | 490/1 | €792 | €7,325 | +€6,534 | +825.0% |
| Total equity and liabilities | 10/49 | €79,693 | €59,565 | -€20,128 | -25.3% |
| Equity | 10/15 | €40,494 | €36,082 | -€4,412 | -10.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,034 | €15,622 | -€4,412 | -22.0% |
| Amounts payable | 17/49 | €39,199 | €23,483 | -€15,716 | -40.1% |
| Amounts payable after more than one year | 17 | €936 | - | -€936 | |
| Other amounts payable | 178/9 | €936 | - | -€936 | |
| Amounts payable within one year | 42/48 | €38,263 | €23,483 | -€14,780 | -38.6% |
| Trade debts | 44 | €14,459 | €1,111 | -€13,348 | -92.3% |
| Suppliers | 440/4 | €14,459 | €1,111 | -€13,348 | -92.3% |
| Taxes, remuneration and social security | 45 | €16,804 | €7,372 | -€9,432 | -56.1% |
| Taxes | 450/3 | €12,804 | €7,372 | -€5,432 | -42.4% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €7,000 | €15,000 | +€8,000 | +114.3% |
| Remuneration, social security and pensions | 62 | €28,572 | -€235 | -€28,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,991 | €3,944 | +€953 | +31.8% |
| Other operating charges | 640/8 | €1,549 | €3,226 | +€1,676 | +108.2% |
| Non-recurring operating charges | 66A | €49 | - | -€49 | |
| Gross operating margin | 9900 | €67,903 | €47,888 | -€20,015 | -29.5% |
| Operating profit (loss) | 9901 | €34,741 | €40,954 | +€6,212 | +17.9% |
| Financial income | 75/76B | €0 | €131 | +€131 | +435166.7% |
| Recurring financial income | 75 | €0 | €131 | +€131 | +435166.7% |
| Financial charges | 65/66B | €2,042 | €22,746 | +€20,705 | +1014.2% |
| Recurring financial charges | 65 | €2,042 | €22,746 | +€20,705 | +1014.2% |
| Profit (loss) for the period before taxes | 9903 | €32,700 | €18,338 | -€14,362 | -43.9% |
| Income taxes | 67/77 | €7,941 | €7,750 | -€190 | -2.4% |
| Profit (loss) for the period | 9904 | €24,759 | €10,588 | -€14,171 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,759 | €10,588 | -€14,171 | -57.2% |
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 7 October 2026 via checked.be.