CSE H2: 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.
CSE H2
Largest movements
- Cash -€67,934
down €67,934 (-75.5%), from €90,002 to €22,068
mainly Net result for the year (-€74,331) and Receivables within one year (-€2,820)
- Receivables within one year +€2,820
up €2,820 (+10.1%), from €28,043 to €30,863
of which Other amounts receivable: +€8,699
- Profit (loss) carried forward -€74,331
down €74,331 (-34.9%), from -€212,786 to -€287,117
- Debts after one year +€6,860
up €6,860 (+4.3%), from €160,507 to €167,367
- Trade debts +€2,357
up €2,357 (+2.0%), from €120,261 to €122,618
- Other operating income -€55,545
down €55,545 (-99.6%), from €55,770 to €225
- Services and other goods -€33,463
down €33,463 (-40.5%), from €82,582 to €49,119
- Other operating charges +€10,025
new in 2025: €10,025
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 | €229,020 | €163,907 | -€65,114 | -28.4% |
| Current assets | 29/58 | €229,020 | €163,907 | -€65,114 | -28.4% |
| Stocks and contracts in progress | 3 | €110,976 | €110,976 | = | 0.0% |
| Stocks | 30/36 | €110,976 | €110,976 | = | 0.0% |
| Property held for sale | 35 | €110,976 | €110,976 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,043 | €30,863 | +€2,820 | +10.1% |
| Trade receivables | 40 | €21,182 | €15,303 | -€5,878 | -27.8% |
| Other amounts receivable | 41 | €6,861 | €15,560 | +€8,699 | +127% |
| Cash at bank and in hand | 54/58 | €90,002 | €22,068 | -€67,934 | -75.5% |
| Total equity and liabilities | 10/49 | €229,020 | €163,907 | -€65,114 | -28.4% |
| Equity | 10/15 | -€192,326 | -€266,657 | -€74,331 | -38.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,786 | -€287,117 | -€74,331 | -34.9% |
| Amounts payable | 17/49 | €421,346 | €430,563 | +€9,217 | +2.2% |
| Amounts payable after more than one year | 17 | €160,507 | €167,367 | +€6,860 | +4.3% |
| Other amounts payable | 178/9 | €160,507 | €167,367 | +€6,860 | +4.3% |
| Amounts payable within one year | 42/48 | €260,839 | €263,196 | +€2,357 | +0.9% |
| Trade debts | 44 | €120,261 | €122,618 | +€2,357 | +2.0% |
| Suppliers | 440/4 | €120,261 | €122,618 | +€2,357 | +2.0% |
| Other amounts payable | 47/48 | €140,578 | €140,578 | = | 0.0% |
| Operating income | 70/76A | €55,770 | €225 | -€55,545 | -99.6% |
| Other operating income | 74 | €55,770 | €225 | -€55,545 | -99.6% |
| Operating charges | 60/66A | €82,582 | €59,144 | -€23,438 | -28.4% |
| Services and other goods | 61 | €82,582 | €49,119 | -€33,463 | -40.5% |
| Other operating charges | 640/8 | - | €10,025 | +€10,025 | |
| Operating profit (loss) | 9901 | -€26,812 | -€58,919 | -€32,107 | -120% |
| Financial charges | 65/66B | €16,479 | €15,412 | -€1,067 | -6.5% |
| Recurring financial charges | 65 | €16,479 | €15,412 | -€1,067 | -6.5% |
| Debt charges | 650 | €5,537 | €6,860 | +€1,322 | +23.9% |
| Other financial charges | 652/9 | €10,942 | €8,552 | -€2,390 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,291 | -€74,331 | -€31,040 | -71.7% |
| Profit (loss) for the period | 9904 | -€43,291 | -€74,331 | -€31,040 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,291 | -€74,331 | -€31,040 | -71.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.