CS Solutions: 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 Solutions
Largest movements
- Stocks and contracts +€209,293
up €209,293 (+52.7%), from €397,159 to €606,453
- Receivables within one year +€135,554
up €135,554 (+31.1%), from €436,142 to €571,696
of which Other amounts receivable: +€88,670
- Cash +€40,789
up €40,789 (+76.2%), from €53,524 to €94,313
mainly Debts after one year (+€226,312) and Net result for the year (+€105,281)
- Deferred charges and accrued income +€29,252
up €29,252 (+530%), from €5,524 to €34,776
- Debts after one year +€226,312
up €226,312 (+155%), from €145,668 to €371,980
- Reserves +€105,281
up €105,281 (+21.8%), from €481,970 to €587,251
of which Distributable reserves: +€105,281
- Trade debts +€93,079
up €93,079 (+34.6%), from €268,897 to €361,976
- Other debts -€86,398
down €86,398 (-100%), from €86,398 to €0
- Current portion of long-term debt +€71,694
up €71,694 (+67.7%), from €105,883 to €177,577
- Depreciation -€47,612
down €47,612 (-37.0%), from €128,627 to €81,015
- Gross operating margin +€25,444
up €25,444 (+10.4%), from €243,724 to €269,169
- Taxes +€15,136
up €15,136 (+50.6%), from €29,900 to €45,036
- Financial charges +€11,723
up €11,723 (+75.3%), from €15,575 to €27,298
- Other operating charges +€10,560
up €10,560 (+1,246%), from €848 to €11,407
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 | €1,256,328 | €1,662,419 | +€406,091 | +32.3% |
| Fixed assets | 21/28 | €363,978 | €355,182 | -€8,797 | -2.4% |
| Tangible fixed assets | 22/27 | €362,328 | €353,532 | -€8,797 | -2.4% |
| Plant, machinery and equipment | 23 | €247,087 | €255,890 | +€8,803 | +3.6% |
| Furniture and vehicles | 24 | €3,281 | €66 | -€3,215 | -98.0% |
| Other tangible fixed assets | 26 | €111,960 | €97,575 | -€14,385 | -12.8% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €892,350 | €1,307,237 | +€414,888 | +46.5% |
| Stocks and contracts in progress | 3 | €397,159 | €606,453 | +€209,293 | +52.7% |
| Stocks | 30/36 | €397,159 | €606,453 | +€209,293 | +52.7% |
| Amounts receivable within one year | 40/41 | €436,142 | €571,696 | +€135,554 | +31.1% |
| Trade receivables | 40 | €346,802 | €393,685 | +€46,884 | +13.5% |
| Other amounts receivable | 41 | €89,341 | €178,011 | +€88,670 | +99.2% |
| Cash at bank and in hand | 54/58 | €53,524 | €94,313 | +€40,789 | +76.2% |
| Deferred charges and accrued income | 490/1 | €5,524 | €34,776 | +€29,252 | +530% |
| Total equity and liabilities | 10/49 | €1,256,328 | €1,662,419 | +€406,091 | +32.3% |
| Equity | 10/15 | €500,570 | €605,851 | +€105,281 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,970 | €587,251 | +€105,281 | +21.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €481,970 | €587,251 | +€105,281 | +21.8% |
| Amounts payable | 17/49 | €755,758 | €1,056,568 | +€300,810 | +39.8% |
| Amounts payable after more than one year | 17 | €145,668 | €371,980 | +€226,312 | +155% |
| Financial debts | 170/4 | €145,668 | €371,980 | +€226,312 | +155% |
| Amounts payable within one year | 42/48 | €610,090 | €684,588 | +€74,498 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €105,883 | €177,577 | +€71,694 | +67.7% |
| Financial debts | 43 | €140,000 | €140,000 | = | 0.0% |
| Credit institutions | 430/8 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €268,897 | €361,976 | +€93,079 | +34.6% |
| Suppliers | 440/4 | €268,897 | €361,976 | +€93,079 | +34.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,912 | €5,036 | -€3,877 | -43.5% |
| Taxes | 450/3 | €8,912 | €5,036 | -€3,877 | -43.5% |
| Other amounts payable | 47/48 | €86,398 | €0 | -€86,398 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,627 | €81,015 | -€47,612 | -37.0% |
| Other operating charges | 640/8 | €848 | €11,407 | +€10,560 | +1,246% |
| Gross operating margin | 9900 | €243,724 | €269,169 | +€25,444 | +10.4% |
| Operating profit (loss) | 9901 | €114,250 | €176,747 | +€62,497 | +54.7% |
| Financial income | 75/76B | €112 | €867 | +€756 | +677% |
| Recurring financial income | 75 | €112 | €867 | +€756 | +677% |
| Financial charges | 65/66B | €15,575 | €27,298 | +€11,723 | +75.3% |
| Recurring financial charges | 65 | €15,575 | €27,298 | +€11,723 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €98,787 | €150,316 | +€51,530 | +52.2% |
| Income taxes | 67/77 | €29,900 | €45,036 | +€15,136 | +50.6% |
| Profit (loss) for the period | 9904 | €68,887 | €105,281 | +€36,394 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,887 | €105,281 | +€36,394 | +52.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.