Cplus: 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.
Cplus
Largest movements
- Tangible fixed assets -€96,198
down €96,198 (-6.5%), from €1.5m to €1.4m
of which Land and buildings: -€113,317
- Current investments -€92,650
down €92,650 (-39.5%), from €234,840 to €142,190
- Cash -€53,937
down €53,937 (-61.7%), from €87,394 to €33,458
mainly Other debts (-€142,700) and Current portion of long-term debt (-€114,816)
- Other debts -€142,700
no longer reported in 2025 (was €142,700)
- Current portion of long-term debt -€114,816
down €114,816 (-55.6%), from €206,458 to €91,642
- Profit (loss) carried forward -€99,030
down €99,030 (-27.8%), from €355,813 to €256,783
- Trade debts +€72,789
up €72,789 (+315.7%), from €23,056 to €95,845
of which Suppliers: +€72,354
- Short-term financial debts +€52,490
new in 2025: €52,490
- Staff costs +€157,781
up €157,781 (+23.7%), from €664,586 to €822,367
- Gross operating margin +€121,703
up €121,703 (+14.4%), from €842,303 to €964,006
- Financial charges +€33,403
up €33,403 (+97.1%), from €34,410 to €67,813
- Write-downs +€23,002
new in 2025: €23,002
- Financial income +€14,230
up €14,230 (+103.7%), from €13,726 to €27,955
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 | €2,396,816 | €2,124,570 | -€272,246 | -11.4% |
| Fixed assets | 21/28 | €1,590,683 | €1,471,547 | -€119,136 | -7.5% |
| Intangible fixed assets | 21 | €106,530 | €83,706 | -€22,824 | -21.4% |
| Tangible fixed assets | 22/27 | €1,484,038 | €1,387,841 | -€96,198 | -6.5% |
| Land and buildings | 22 | €1,440,383 | €1,327,066 | -€113,317 | -7.9% |
| Furniture and vehicles | 24 | €37,051 | €28,121 | -€8,930 | -24.1% |
| Assets under construction and advance payments | 27 | €6,605 | €32,655 | +€26,050 | +394.4% |
| Financial fixed assets | 28 | €115 | - | -€115 | |
| Current assets | 29/58 | €806,132 | €653,023 | -€153,110 | -19.0% |
| Amounts receivable within one year | 40/41 | €459,236 | €464,906 | +€5,670 | +1.2% |
| Trade receivables | 40 | €303,613 | €383,789 | +€80,176 | +26.4% |
| Other amounts receivable | 41 | €155,623 | €81,117 | -€74,506 | -47.9% |
| Current investments | 50/53 | €234,840 | €142,190 | -€92,650 | -39.5% |
| Cash at bank and in hand | 54/58 | €87,394 | €33,458 | -€53,937 | -61.7% |
| Deferred charges and accrued income | 490/1 | €24,662 | €12,469 | -€12,194 | -49.4% |
| Total equity and liabilities | 10/49 | €2,396,816 | €2,124,570 | -€272,246 | -11.4% |
| Equity | 10/15 | €850,997 | €737,091 | -€113,906 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €407,013 | €407,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,250 | €94,250 | = | 0.0% |
| Distributable reserves | 133 | €310,903 | €310,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €355,813 | €256,783 | -€99,030 | -27.8% |
| Investment grants | 15 | €81,971 | €67,095 | -€14,877 | -18.1% |
| Amounts payable | 17/49 | €1,545,819 | €1,387,479 | -€158,340 | -10.2% |
| Amounts payable after more than one year | 17 | €1,023,159 | €999,991 | -€23,168 | -2.3% |
| Financial debts | 170/4 | €1,023,159 | €999,991 | -€23,168 | -2.3% |
| Amounts payable within one year | 42/48 | €522,660 | €387,018 | -€135,642 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €206,458 | €91,642 | -€114,816 | -55.6% |
| Financial debts | 43 | - | €52,490 | +€52,490 | |
| Credit institutions | 430/8 | - | €52,490 | +€52,490 | |
| Trade debts | 44 | €23,056 | €95,845 | +€72,789 | +315.7% |
| Suppliers | 440/4 | €23,056 | €95,410 | +€72,354 | +313.8% |
| Bills of exchange payable | 441 | - | €435 | +€435 | |
| Taxes, remuneration and social security | 45 | €150,446 | €147,041 | -€3,405 | -2.3% |
| Taxes | 450/3 | €69,970 | €41,141 | -€28,830 | -41.2% |
| Remuneration and social security | 454/9 | €80,475 | €105,901 | +€25,425 | +31.6% |
| Other amounts payable | 47/48 | €142,700 | - | -€142,700 | |
| Accrued charges and deferred income | 492/3 | - | €471 | +€471 | |
| Non-recurring operating income | 76A | - | €8,145 | +€8,145 | |
| Remuneration, social security and pensions | 62 | €664,586 | €822,367 | +€157,781 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,103 | €161,289 | +€12,186 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,002 | +€23,002 | |
| Other operating charges | 640/8 | €3,770 | €4,401 | +€631 | +16.7% |
| Gross operating margin | 9900 | €842,303 | €964,006 | +€121,703 | +14.4% |
| Operating profit (loss) | 9901 | €24,844 | -€47,052 | -€71,896 | |
| Financial income | 75/76B | €13,726 | €27,955 | +€14,230 | +103.7% |
| Recurring financial income | 75 | €13,726 | €27,955 | +€14,230 | +103.7% |
| Financial charges | 65/66B | €34,410 | €67,813 | +€33,403 | +97.1% |
| Recurring financial charges | 65 | €34,410 | €67,813 | +€33,403 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €4,160 | -€86,910 | -€91,070 | |
| Income taxes | 67/77 | -€304 | €12,119 | +€12,424 | |
| Profit (loss) for the period | 9904 | €4,464 | -€99,030 | -€103,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,464 | -€99,030 | -€103,494 |
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 6 October 2026 via checked.be.