Compound C: 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.
Compound C
Largest movements
- Receivables within one year +€74,389
up €74,389 (+1189.8%), from €6,252 to €80,641
of which Trade receivables: +€71,928
- Cash +€17,460
up €17,460 (+171.1%), from €10,204 to €27,665
mainly Net result for the year (+€40,185) and Trade debts (+€32,214)
- Tangible fixed assets -€4,811
down €4,811 (-8.9%), from €54,242 to €49,431
of which Furniture and vehicles: -€3,226
- Reserves +€40,185
up €40,185 (+104.1%), from €38,594 to €78,779
- Trade debts +€32,214
up €32,214 (+802.9%), from €4,012 to €36,226
- Tax, wage and social debts +€20,773
up €20,773 (+601.2%), from €3,455 to €24,228
- Debts after one year -€6,063
down €6,063 (-74.6%), from €8,131 to €2,067
- Gross operating margin +€21,930
up €21,930 (+50.5%), from €43,407 to €65,337
- Depreciation +€6,250
up €6,250 (+85.6%), from €7,304 to €13,555
- Taxes +€3,092
up €3,092 (+44.1%), from €7,006 to €10,099
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 | €70,761 | €158,708 | +€87,946 | +124.3% |
| Fixed assets | 21/28 | €54,242 | €49,431 | -€4,811 | -8.9% |
| Tangible fixed assets | 22/27 | €54,242 | €49,431 | -€4,811 | -8.9% |
| Plant, machinery and equipment | 23 | €2,267 | €682 | -€1,585 | -69.9% |
| Furniture and vehicles | 24 | €51,975 | €48,749 | -€3,226 | -6.2% |
| Current assets | 29/58 | €16,519 | €109,277 | +€92,758 | +561.5% |
| Amounts receivable within one year | 40/41 | €6,252 | €80,641 | +€74,389 | +1189.8% |
| Trade receivables | 40 | €4,235 | €76,163 | +€71,928 | +1698.4% |
| Other amounts receivable | 41 | €2,017 | €4,478 | +€2,461 | +122.0% |
| Cash at bank and in hand | 54/58 | €10,204 | €27,665 | +€17,460 | +171.1% |
| Deferred charges and accrued income | 490/1 | €63 | €971 | +€908 | +1451.0% |
| Total equity and liabilities | 10/49 | €70,761 | €158,708 | +€87,946 | +124.3% |
| Equity | 10/15 | €48,594 | €88,779 | +€40,185 | +82.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €38,594 | €78,779 | +€40,185 | +104.1% |
| Distributable reserves | 133 | €38,594 | €78,779 | +€40,185 | +104.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €22,168 | €69,929 | +€47,762 | +215.5% |
| Amounts payable after more than one year | 17 | €8,131 | €2,067 | -€6,063 | -74.6% |
| Financial debts | 170/4 | €8,131 | €2,067 | -€6,063 | -74.6% |
| Amounts payable within one year | 42/48 | €14,037 | €67,779 | +€53,742 | +382.9% |
| Current portion of amounts payable after more than one year | 42 | €5,690 | €6,013 | +€323 | +5.7% |
| Trade debts | 44 | €4,012 | €36,226 | +€32,214 | +802.9% |
| Suppliers | 440/4 | €4,012 | €36,226 | +€32,214 | +802.9% |
| Taxes, remuneration and social security | 45 | €3,455 | €24,228 | +€20,773 | +601.2% |
| Taxes | 450/3 | €3,455 | €24,228 | +€20,773 | +601.2% |
| Other amounts payable | 47/48 | €880 | €1,312 | +€432 | +49.1% |
| Accrued charges and deferred income | 492/3 | €0 | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,304 | €13,555 | +€6,250 | +85.6% |
| Other operating charges | 640/8 | €506 | €740 | +€234 | +46.2% |
| Gross operating margin | 9900 | €43,407 | €65,337 | +€21,930 | +50.5% |
| Operating profit (loss) | 9901 | €35,596 | €51,043 | +€15,446 | +43.4% |
| Financial income | 75/76B | €33 | €30 | -€3 | -9.0% |
| Recurring financial income | 75 | €33 | €30 | -€3 | -9.0% |
| Financial charges | 65/66B | €847 | €789 | -€58 | -6.8% |
| Recurring financial charges | 65 | €847 | €789 | -€58 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €34,782 | €50,284 | +€15,501 | +44.6% |
| Income taxes | 67/77 | €7,006 | €10,099 | +€3,092 | +44.1% |
| Profit (loss) for the period | 9904 | €27,776 | €40,185 | +€12,409 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,776 | €40,185 | +€12,409 | +44.7% |
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 4 October 2026 via checked.be.