CSC Belgium: what changed
What changed
CSC Belgium
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€95,964
2024 · €113,047-€17,083
Equity
€309,309
2024 · €214,178+€95,131
Cash
€251,748
2024 · €99,851+€151,897
Balance sheet total
€1.1m
2024 · €596,461+€464,482
Largest movements
Assets
- Stocks and contracts +€327,276
up €327,276 (+82.6%), from €396,256 to €723,532
- Cash +€151,897
up €151,897 (+152%), from €99,851 to €251,748
mainly Short-term financial debts (+€209,500) and Debts after one year (+€178,555)
Equity and liabilities
- Short-term financial debts +€209,500
up €209,500 (+150%), from €140,000 to €349,500
- Debts after one year +€178,555
new in 2025: €178,555
- Reserves +€95,131
up €95,131 (+45.7%), from €207,978 to €303,109
- Tax, wage and social debts -€28,933
down €28,933 (-100%), from €28,933 to €0
- Trade debts -€24,641
down €24,641 (-60.6%), from €40,638 to €15,996
Income statement
- Gross operating margin -€19,433
down €19,433 (-10.1%), from €193,175 to €173,741
- Taxes -€19,373
down €19,373 (-35.3%), from €54,845 to €35,471
- Financial charges +€15,547
up €15,547 (+102%), from €15,315 to €30,863
- Write-downs -€4,800
down €4,800 (-100%), from €4,800 to €0
- Depreciation +€4,580
up €4,580 (+94.3%), from €4,856 to €9,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€113,047
Gross operating margin
-€19,433
Depreciation
-€4,580
Write-downs
+€4,800
Other operating charges
-€1,502
Financial income
-€194
Financial charges
-€15,547
Taxes
+€19,373
Result 2025
€95,964
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€254,852
Investment
-€4,713
Financing
+€411,462
Cash 2024
€99,851
From operations (derived)
-€254,852
Net result for the year
+€95,964
Depreciation
+€9,436
Stocks and contracts
-€327,276
Receivables within one year
+€9,968
Trade debts
-€24,641
Tax, wage and social debts
-€28,933
Other debts
+€1,165
Accrued charges and deferred income
+€9,467
Investment (derived)
-€4,713
Investment in fixed assets (net)
-€4,713
Financing
+€411,462
Debts after one year
+€178,555
Current portion of long-term debt
+€24,240
Short-term financial debts
+€209,500
Contributions, distributions and other
-€833
Cash 2025
€251,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,461 | €1,060,943 | +€464,482 | +77.9% |
| Fixed assets | 21/28 | €37,416 | €32,693 | -€4,723 | -12.6% |
| Tangible fixed assets | 22/27 | €37,352 | €32,693 | -€4,659 | -12.5% |
| Plant, machinery and equipment | 23 | €23,828 | €22,380 | -€1,448 | -6.1% |
| Furniture and vehicles | 24 | €13,524 | €10,313 | -€3,211 | -23.7% |
| Financial fixed assets | 28 | €64 | €0 | -€64 | -100% |
| Current assets | 29/58 | €559,045 | €1,028,250 | +€469,205 | +83.9% |
| Stocks and contracts in progress | 3 | €396,256 | €723,532 | +€327,276 | +82.6% |
| Stocks | 30/36 | €396,256 | €723,532 | +€327,276 | +82.6% |
| Amounts receivable within one year | 40/41 | €62,938 | €52,970 | -€9,968 | -15.8% |
| Trade receivables | 40 | €37,783 | €15,259 | -€22,524 | -59.6% |
| Other amounts receivable | 41 | €25,155 | €37,711 | +€12,556 | +49.9% |
| Cash at bank and in hand | 54/58 | €99,851 | €251,748 | +€151,897 | +152% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €596,461 | €1,060,943 | +€464,482 | +77.9% |
| Equity | 10/15 | €214,178 | €309,309 | +€95,131 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,978 | €303,109 | +€95,131 | +45.7% |
| Distributable reserves | 133 | €207,978 | €303,109 | +€95,131 | +45.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,283 | €751,634 | +€369,351 | +96.6% |
| Amounts payable after more than one year | 17 | - | €178,555 | +€178,555 | |
| Financial debts | 170/4 | - | €178,555 | +€178,555 | |
| Amounts payable within one year | 42/48 | €378,455 | €559,785 | +€181,329 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €14,715 | €38,954 | +€24,240 | +165% |
| Financial debts | 43 | €140,000 | €349,500 | +€209,500 | +150% |
| Other loans | 439 | €140,000 | €349,500 | +€209,500 | +150% |
| Trade debts | 44 | €40,638 | €15,996 | -€24,641 | -60.6% |
| Suppliers | 440/4 | €40,638 | €15,996 | -€24,641 | -60.6% |
| Taxes, remuneration and social security | 45 | €28,933 | €0 | -€28,933 | -100% |
| Taxes | 450/3 | €28,933 | €0 | -€28,933 | -100% |
| Other amounts payable | 47/48 | €154,170 | €155,334 | +€1,165 | +0.8% |
| Accrued charges and deferred income | 492/3 | €3,827 | €13,294 | +€9,467 | +247% |
| Non-recurring operating income | 76A | €19,503 | €0 | -€19,503 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,856 | €9,436 | +€4,580 | +94.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,800 | €0 | -€4,800 | -100% |
| Other operating charges | 640/8 | €605 | €2,107 | +€1,502 | +248% |
| Gross operating margin | 9900 | €193,175 | €173,741 | -€19,433 | -10.1% |
| Operating profit (loss) | 9901 | €182,914 | €162,199 | -€20,715 | -11.3% |
| Financial income | 75/76B | €293 | €99 | -€194 | -66.2% |
| Recurring financial income | 75 | €293 | €99 | -€194 | -66.2% |
| Financial charges | 65/66B | €15,315 | €30,863 | +€15,547 | +102% |
| Recurring financial charges | 65 | €15,315 | €30,863 | +€15,547 | +102% |
| Profit (loss) for the period before taxes | 9903 | €167,892 | €131,435 | -€36,457 | -21.7% |
| Income taxes | 67/77 | €54,845 | €35,471 | -€19,373 | -35.3% |
| Profit (loss) for the period | 9904 | €113,047 | €95,964 | -€17,083 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,047 | €95,964 | -€17,083 | -15.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.