CS Corporate: 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.
CS Corporate
Largest movements
- Cash +€92,638
up €92,638 (+887%), from €10,439 to €103,077
mainly Net result for the year (+€127,017) and Other debts (+€125,433)
- Tangible fixed assets +€22,197
up €22,197 (+2.4%), from €933,985 to €956,182
of which Furniture and vehicles: +€45,776
- Receivables within one year -€17,297
down €17,297 (-26.3%), from €65,786 to €48,489
of which Trade receivables: -€13,605
- Other debts +€125,433
up €125,433 (+504%), from €24,877 to €150,311
- Debts after one year -€51,462
down €51,462 (-7.9%), from €648,227 to €596,765
- Tax, wage and social debts +€38,222
up €38,222 (+64.9%), from €58,871 to €97,093
of which Taxes: +€42,220
- Reserves -€22,983
down €22,983 (-12.3%), from €187,492 to €164,510
- Gross operating margin +€111,249
up €111,249 (+52.4%), from €212,429 to €323,678
- Taxes +€27,418
up €27,418 (+114%), from €23,998 to €51,416
- Financial charges -€4,186
down €4,186 (-10.0%), from €42,063 to €37,877
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.
Derived cash bridge
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 | €1,013,303 | €1,110,811 | +€97,507 | +9.6% |
| Fixed assets | 21/28 | €934,005 | €956,202 | +€22,197 | +2.4% |
| Tangible fixed assets | 22/27 | €933,985 | €956,182 | +€22,197 | +2.4% |
| Land and buildings | 22 | €913,059 | €890,422 | -€22,637 | -2.5% |
| Plant, machinery and equipment | 23 | €124 | €0 | -€124 | -100% |
| Furniture and vehicles | 24 | €19,985 | €65,760 | +€45,776 | +229% |
| Leasing and similar rights | 25 | €818 | - | -€818 | |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €79,298 | €154,608 | +€75,311 | +95.0% |
| Amounts receivable within one year | 40/41 | €65,786 | €48,489 | -€17,297 | -26.3% |
| Trade receivables | 40 | €46,859 | €33,254 | -€13,605 | -29.0% |
| Other amounts receivable | 41 | €18,927 | €15,235 | -€3,692 | -19.5% |
| Cash at bank and in hand | 54/58 | €10,439 | €103,077 | +€92,638 | +887% |
| Deferred charges and accrued income | 490/1 | €3,072 | €3,042 | -€30 | -1.0% |
| Total equity and liabilities | 10/49 | €1,013,303 | €1,110,811 | +€97,507 | +9.6% |
| Equity | 10/15 | €206,092 | €183,110 | -€22,983 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,492 | €164,510 | -€22,983 | -12.3% |
| Distributable reserves | 133 | €187,492 | €164,510 | -€22,983 | -12.3% |
| Amounts payable | 17/49 | €807,211 | €927,701 | +€120,490 | +14.9% |
| Amounts payable after more than one year | 17 | €648,227 | €596,765 | -€51,462 | -7.9% |
| Financial debts | 170/4 | €648,227 | €596,765 | -€51,462 | -7.9% |
| Amounts payable within one year | 42/48 | €158,259 | €330,210 | +€171,952 | +109% |
| Current portion of amounts payable after more than one year | 42 | €49,243 | €51,462 | +€2,219 | +4.5% |
| Financial debts | 43 | €5 | €454 | +€449 | +9,012% |
| Credit institutions | 430/8 | €5 | €454 | +€449 | +9,012% |
| Trade debts | 44 | €25,263 | €30,891 | +€5,629 | +22.3% |
| Suppliers | 440/4 | €25,263 | €30,891 | +€5,629 | +22.3% |
| Taxes, remuneration and social security | 45 | €58,871 | €97,093 | +€38,222 | +64.9% |
| Taxes | 450/3 | €44,242 | €86,462 | +€42,220 | +95.4% |
| Remuneration and social security | 454/9 | €14,629 | €10,630 | -€3,999 | -27.3% |
| Other amounts payable | 47/48 | €24,877 | €150,311 | +€125,433 | +504% |
| Accrued charges and deferred income | 492/3 | €725 | €725 | = | 0.0% |
| Non-recurring operating income | 76A | - | €21,504 | +€21,504 | |
| Remuneration, social security and pensions | 62 | €69,522 | €72,439 | +€2,917 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,991 | €29,756 | +€1,764 | +6.3% |
| Other operating charges | 640/8 | €4,821 | €4,584 | -€236 | -4.9% |
| Non-recurring operating charges | 66A | - | €970 | +€970 | |
| Gross operating margin | 9900 | €212,429 | €323,678 | +€111,249 | +52.4% |
| Operating profit (loss) | 9901 | €110,095 | €215,929 | +€105,834 | +96.1% |
| Financial income | 75/76B | €1,144 | €382 | -€762 | -66.6% |
| Recurring financial income | 75 | €1,144 | €382 | -€762 | -66.6% |
| Financial charges | 65/66B | €42,063 | €37,877 | -€4,186 | -10.0% |
| Recurring financial charges | 65 | €42,063 | €37,877 | -€4,186 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €69,176 | €178,434 | +€109,258 | +158% |
| Income taxes | 67/77 | €23,998 | €51,416 | +€27,418 | +114% |
| Profit (loss) for the period | 9904 | €45,177 | €127,017 | +€81,840 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €45,177 | €127,017 | +€81,840 | +181% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.