CSC: 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.
CSC
Largest movements
- Tangible fixed assets -€43,447
down €43,447 (-3.8%), from €1.1m to €1.1m
- Debts after one year -€48,319
down €48,319 (-4.6%), from €1.0m to €995,551
of which Financial debts: -€48,319
- Other debts +€18,884
up €18,884 (+12.4%), from €152,557 to €171,441
- Profit (loss) carried forward -€14,193
down €14,193 (-5.4%), from -€260,488 to -€274,680
- Gross operating margin -€8,727
down €8,727 (-15.2%), from €57,300 to €48,573
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 | €1,262,512 | €1,220,147 | -€42,364 | -3.4% |
| Fixed assets | 21/28 | €1,262,413 | €1,218,966 | -€43,447 | -3.4% |
| Intangible fixed assets | 21 | €125,000 | €125,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,137,413 | €1,093,966 | -€43,447 | -3.8% |
| Land and buildings | 22 | €1,137,413 | €1,093,966 | -€43,447 | -3.8% |
| Current assets | 29/58 | €99 | €1,182 | +€1,083 | +1095.2% |
| Cash at bank and in hand | 54/58 | €99 | €1,182 | +€1,083 | +1095.2% |
| Total equity and liabilities | 10/49 | €1,262,512 | €1,220,147 | -€42,364 | -3.4% |
| Equity | 10/15 | €15,075 | €883 | -€14,193 | -94.1% |
| Contributions | 10/11 | €261,200 | €261,200 | = | 0.0% |
| Reserves | 13 | €14,363 | €14,363 | = | 0.0% |
| Distributable reserves | 133 | €14,363 | €14,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,488 | -€274,680 | -€14,193 | -5.4% |
| Amounts payable | 17/49 | €1,247,436 | €1,219,265 | -€28,172 | -2.3% |
| Amounts payable after more than one year | 17 | €1,043,870 | €995,551 | -€48,319 | -4.6% |
| Financial debts | 170/4 | €442,060 | €393,741 | -€48,319 | -10.9% |
| Other amounts payable | 178/9 | €601,809 | €601,809 | = | 0.0% |
| Amounts payable within one year | 42/48 | €203,567 | €223,714 | +€20,147 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €46,550 | €48,319 | +€1,769 | +3.8% |
| Trade debts | 44 | €1,662 | €1,407 | -€255 | -15.3% |
| Suppliers | 440/4 | €1,662 | €1,407 | -€255 | -15.3% |
| Taxes, remuneration and social security | 45 | €2,798 | €2,547 | -€251 | -9.0% |
| Taxes | 450/3 | €420 | €169 | -€251 | -59.8% |
| Remuneration and social security | 454/9 | €2,378 | €2,378 | = | 0.0% |
| Other amounts payable | 47/48 | €152,557 | €171,441 | +€18,884 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,447 | €43,447 | = | 0.0% |
| Other operating charges | 640/8 | €1,334 | €1,369 | +€35 | +2.6% |
| Gross operating margin | 9900 | €57,300 | €48,573 | -€8,727 | -15.2% |
| Operating profit (loss) | 9901 | €12,519 | €3,757 | -€8,761 | -70.0% |
| Financial charges | 65/66B | €17,823 | €17,950 | +€127 | +0.7% |
| Recurring financial charges | 65 | €17,823 | €17,950 | +€127 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,304 | -€14,193 | -€8,889 | -167.6% |
| Profit (loss) for the period | 9904 | -€5,304 | -€14,193 | -€8,889 | -167.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,304 | -€14,193 | -€8,889 | -167.6% |
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 29 September 2026 via checked.be.