CS99: 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.
CS99
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+444.3%), from €391,557 to €2.1m
of which Land and buildings: +€1.7m
- Cash +€220,789
up €220,789 (+2560.1%), from €8,624 to €229,413
mainly Debts after one year (+€1.5m) and Depreciation (+€290,163)
- Receivables within one year +€38,174
up €38,174 (+716.5%), from €5,328 to €43,502
of which Trade receivables: +€38,191
- Debts after one year +€1.5m
up €1.5m (+618.3%), from €243,097 to €1.7m
of which Financial debts: +€1.6m
- Reserves +€250,090
up €250,090 (+320.0%), from €78,153 to €328,243
of which Tax-exempt reserves: +€265,438
- Contributions +€241,000
up €241,000 (+1115.7%), from €21,600 to €262,600
- Profit (loss) carried forward -€202,785
new in 2025: -€202,785
- Other debts +€138,737
up €138,737 (+1854.3%), from €7,482 to €146,219
- Gross operating margin +€386,898
up €386,898 (+593.2%), from €65,224 to €452,123
- Depreciation +€250,916
up €250,916 (+639.3%), from €39,247 to €290,163
- Financial charges +€7,514
up €7,514 (+68.9%), from €10,912 to €18,426
of which Financial charges: +€7,651
- Other operating charges -€4,852
down €4,852 (-38.5%), from €12,602 to €7,749
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 | €414,857 | €2,412,548 | +€2.0m | +481.5% |
| Fixed assets | 21/28 | €391,557 | €2,131,397 | +€1.7m | +444.3% |
| Tangible fixed assets | 22/27 | €391,557 | €2,131,397 | +€1.7m | +444.3% |
| Land and buildings | 22 | €293,070 | €2,031,776 | +€1.7m | +593.3% |
| Plant, machinery and equipment | 23 | €37,392 | €64,276 | +€26,884 | +71.9% |
| Furniture and vehicles | 24 | €21,710 | €590 | -€21,120 | -97.3% |
| Leasing and similar rights | 25 | - | €34,756 | +€34,756 | |
| Other tangible fixed assets | 26 | €39,385 | - | -€39,385 | |
| Current assets | 29/58 | €23,301 | €281,151 | +€257,850 | +1106.6% |
| Amounts receivable within one year | 40/41 | €5,328 | €43,502 | +€38,174 | +716.5% |
| Trade receivables | 40 | €5,303 | €43,494 | +€38,191 | +720.2% |
| Other amounts receivable | 41 | €25 | €8 | -€18 | -70.0% |
| Cash at bank and in hand | 54/58 | €8,624 | €229,413 | +€220,789 | +2560.1% |
| Deferred charges and accrued income | 490/1 | €9,349 | €8,236 | -€1,113 | -11.9% |
| Total equity and liabilities | 10/49 | €414,857 | €2,412,548 | +€2.0m | +481.5% |
| Equity | 10/15 | €99,753 | €388,058 | +€288,305 | +289.0% |
| Contributions | 10/11 | €21,600 | €262,600 | +€241,000 | +1115.7% |
| Reserves | 13 | €78,153 | €328,243 | +€250,090 | +320.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,505 | €327,943 | +€265,438 | +424.7% |
| Distributable reserves | 133 | €15,348 | - | -€15,348 | |
| Profit (loss) carried forward | 14 | - | -€202,785 | -€202,785 | |
| Provisions and deferred taxes | 16 | €15,912 | €104,392 | +€88,479 | +556.0% |
| Deferred taxes | 168 | €15,912 | €104,392 | +€88,479 | +556.0% |
| Amounts payable | 17/49 | €299,192 | €1,920,098 | +€1.6m | +541.8% |
| Amounts payable after more than one year | 17 | €243,097 | €1,746,225 | +€1.5m | +618.3% |
| Financial debts | 170/4 | €143,097 | €1,746,225 | +€1.6m | +1120.3% |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €50,905 | €172,323 | +€121,418 | +238.5% |
| Current portion of amounts payable after more than one year | 42 | €35,627 | €7,023 | -€28,604 | -80.3% |
| Trade debts | 44 | €2,668 | €13,485 | +€10,817 | +405.5% |
| Suppliers | 440/4 | €2,668 | €13,485 | +€10,817 | +405.5% |
| Taxes, remuneration and social security | 45 | €5,129 | €5,596 | +€467 | +9.1% |
| Taxes | 450/3 | €5,129 | €5,596 | +€467 | +9.1% |
| Other amounts payable | 47/48 | €7,482 | €146,219 | +€138,737 | +1854.3% |
| Accrued charges and deferred income | 492/3 | €5,190 | €1,550 | -€3,640 | -70.1% |
| Non-recurring operating income | 76A | €27,397 | €434,815 | +€407,417 | +1487.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,247 | €290,163 | +€250,916 | +639.3% |
| Other operating charges | 640/8 | €12,602 | €7,749 | -€4,852 | -38.5% |
| Gross operating margin | 9900 | €65,224 | €452,123 | +€386,898 | +593.2% |
| Operating profit (loss) | 9901 | €13,376 | €154,210 | +€140,834 | +1052.9% |
| Financial income | 75/76B | €33 | €1 | -€32 | -98.4% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -98.4% |
| Financial charges | 65/66B | €10,912 | €18,426 | +€7,514 | +68.9% |
| Recurring financial charges | 65 | €10,776 | €18,426 | +€7,651 | +71.0% |
| Non-recurring financial charges | 66B | €136 | - | -€136 | |
| Profit (loss) for the period before taxes | 9903 | €2,497 | €135,784 | +€133,288 | +5339.0% |
| Transfer from deferred taxes | 780 | €1,050 | €15,988 | +€14,938 | +1422.2% |
| Transfer to deferred taxes | 680 | - | €104,467 | +€104,467 | |
| Profit (loss) for the period | 9904 | €3,547 | €47,305 | +€43,758 | +1233.7% |
| Transfer from tax-exempt reserves | 789 | €3,151 | €47,964 | +€44,813 | +1422.2% |
| Transfer to tax-exempt reserves | 689 | - | €313,401 | +€313,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,698 | -€218,132 | -€224,830 |
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 5 October 2026 via checked.be.