CS Holdco: 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 Holdco
Largest movements
- Receivables within one year -€950,244
down €950,244 (-100.0%), from €950,518 to €274
of which Other amounts receivable: -€950,244
- Cash +€243,223
up €243,223 (+2,095%), from €11,611 to €254,834
mainly Net result for the year (+€3.0m) and Receivables within one year (+€950,244)
- Other debts -€800,000
down €800,000 (-100%), from €800,000 to €0
- Financial income -€410,537
down €410,537 (-12.0%), from €3.4m to €3.0m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,374,376 | €16,665,109 | -€709,267 | -4.1% |
| Fixed assets | 21/28 | €16,410,000 | €16,410,000 | = | 0.0% |
| Financial fixed assets | 28 | €16,410,000 | €16,410,000 | = | 0.0% |
| Affiliated companies | 280/1 | €16,410,000 | €16,410,000 | = | 0.0% |
| Participating interests | 280 | €16,410,000 | €16,410,000 | = | 0.0% |
| Current assets | 29/58 | €964,376 | €255,109 | -€709,267 | -73.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €950,518 | €274 | -€950,244 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €950,518 | €274 | -€950,244 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,611 | €254,834 | +€243,223 | +2,095% |
| Deferred charges and accrued income | 490/1 | €2,247 | €0 | -€2,247 | -100% |
| Total equity and liabilities | 10/49 | €17,374,376 | €16,665,109 | -€709,267 | -4.1% |
| Equity | 10/15 | €16,565,231 | €16,661,204 | +€95,973 | +0.6% |
| Contributions | 10/11 | €6,341,320 | €6,341,320 | = | 0.0% |
| Reserves | 13 | €10,223,911 | €10,319,884 | +€95,973 | +0.9% |
| Distributable reserves | 133 | €10,223,911 | €10,319,884 | +€95,973 | +0.9% |
| Amounts payable | 17/49 | €809,146 | €3,905 | -€805,241 | -99.5% |
| Amounts payable within one year | 42/48 | €803,859 | €3,905 | -€799,954 | -99.5% |
| Trade debts | 44 | €3,859 | €3,905 | +€46 | +1.2% |
| Suppliers | 440/4 | €3,859 | €3,905 | +€46 | +1.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €800,000 | €0 | -€800,000 | -100% |
| Accrued charges and deferred income | 492/3 | €5,287 | €0 | -€5,287 | -100% |
| Operating income | 70/76A | €394 | €4,135 | +€3,741 | +951% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €394 | €4,135 | +€3,741 | +951% |
| Operating charges | 60/66A | €15,260 | €7,710 | -€7,550 | -49.5% |
| Services and other goods | 61 | €14,174 | €6,592 | -€7,583 | -53.5% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€14,866 | -€3,575 | +€11,291 | +75.9% |
| Financial income | 75/76B | €3,410,537 | €3,000,000 | -€410,537 | -12.0% |
| Recurring financial income | 75 | €3,410,537 | €3,000,000 | -€410,537 | -12.0% |
| Income from financial fixed assets | 750 | €3,410,537 | €3,000,000 | -€410,537 | -12.0% |
| Financial charges | 65/66B | €439 | €451 | +€12 | +2.7% |
| Recurring financial charges | 65 | €439 | €451 | +€12 | +2.7% |
| Debt charges | 650 | €73 | €0 | -€73 | -100% |
| Other financial charges | 652/9 | €367 | €451 | +€85 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €3,395,231 | €2,995,973 | -€399,258 | -11.8% |
| Profit (loss) for the period | 9904 | €3,395,231 | €2,995,973 | -€399,258 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,395,231 | €2,995,973 | -€399,258 | -11.8% |
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 31 October 2026 via checked.be.