CS MANAGEMENT: 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.
CS MANAGEMENT
Largest movements
- Cash -€26,473
down €26,473 (-70.8%), from €37,410 to €10,937
mainly Net result for the year (-€21,724) and Trade debts (-€12,814)
- Receivables within one year -€5,632
down €5,632 (-39.0%), from €14,427 to €8,795
of which Other amounts receivable: -€3,796
- Tangible fixed assets -€2,044
down €2,044 (-7.6%), from €26,880 to €24,836
of which Furniture and vehicles: -€1,054
- Profit (loss) carried forward -€21,724
down €21,724 (-53.9%), from €40,279 to €18,555
- Trade debts -€12,814
down €12,814 (-96.2%), from €13,315 to €501
- Gross operating margin -€41,301
down €41,301, from €24,804 to -€16,498
- Taxes -€4,540
down €4,540 (-90.8%), from €5,000 to €460
- Depreciation +€1,432
up €1,432 (+74.5%), from €1,922 to €3,353
- Other operating charges -€338
down €338 (-24.4%), from €1,388 to €1,050
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 | €78,717 | €44,568 | -€34,149 | -43.4% |
| Fixed assets | 21/28 | €26,880 | €24,836 | -€2,044 | -7.6% |
| Tangible fixed assets | 22/27 | €26,880 | €24,836 | -€2,044 | -7.6% |
| Furniture and vehicles | 24 | €17,069 | €16,015 | -€1,054 | -6.2% |
| Other tangible fixed assets | 26 | €9,810 | €8,821 | -€989 | -10.1% |
| Current assets | 29/58 | €51,838 | €19,732 | -€32,105 | -61.9% |
| Amounts receivable within one year | 40/41 | €14,427 | €8,795 | -€5,632 | -39.0% |
| Trade receivables | 40 | €10,306 | €8,470 | -€1,836 | -17.8% |
| Other amounts receivable | 41 | €4,121 | €325 | -€3,796 | -92.1% |
| Cash at bank and in hand | 54/58 | €37,410 | €10,937 | -€26,473 | -70.8% |
| Total equity and liabilities | 10/49 | €78,717 | €44,568 | -€34,149 | -43.4% |
| Equity | 10/15 | €60,739 | €39,015 | -€21,724 | -35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,279 | €18,555 | -€21,724 | -53.9% |
| Amounts payable | 17/49 | €17,979 | €5,554 | -€12,425 | -69.1% |
| Amounts payable within one year | 42/48 | €17,979 | €5,554 | -€12,425 | -69.1% |
| Trade debts | 44 | €13,315 | €501 | -€12,814 | -96.2% |
| Suppliers | 440/4 | €13,315 | €501 | -€12,814 | -96.2% |
| Taxes, remuneration and social security | 45 | €64 | €556 | +€492 | +771.0% |
| Taxes | 450/3 | €64 | €556 | +€492 | +771.0% |
| Other amounts payable | 47/48 | €4,599 | €4,496 | -€104 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €3,353 | +€1,432 | +74.5% |
| Other operating charges | 640/8 | €1,388 | €1,050 | -€338 | -24.4% |
| Gross operating margin | 9900 | €24,804 | -€16,498 | -€41,301 | |
| Operating profit (loss) | 9901 | €21,494 | -€20,901 | -€42,395 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €272 | €363 | +€91 | +33.7% |
| Recurring financial charges | 65 | €272 | €363 | +€91 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €21,225 | -€21,264 | -€42,489 | |
| Income taxes | 67/77 | €5,000 | €460 | -€4,540 | -90.8% |
| Profit (loss) for the period | 9904 | €16,225 | -€21,724 | -€37,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,225 | -€21,724 | -€37,949 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.