CSTNC: 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.
CSTNC
Largest movements
- Receivables within one year -€339,477
down €339,477 (-81.0%), from €419,286 to €79,809
of which Trade receivables: -€365,424
- Cash +€231,691
up €231,691 (+197%), from €117,717 to €349,408
- Tangible fixed assets -€55,796
down €55,796 (-59.6%), from €93,685 to €37,890
of which Furniture and vehicles: -€53,827
- Deferred charges and accrued income +€9,557
new in 2025: €9,557
- Trade debts -€99,682
down €99,682 (-98.1%), from €101,595 to €1,913
- Other debts +€51,783
up €51,783 (+42.3%), from €122,507 to €174,290
- Reserves -€50,000
down €50,000 (-19.9%), from €251,860 to €201,860
of which Distributable reserves: -€48,140
- Tax, wage and social debts -€45,409
down €45,409 (-74.1%), from €61,260 to €15,852
of which Taxes: -€45,409
- Profit (loss) carried forward -€10,726
down €10,726 (-12.4%), from €86,466 to €75,739
- Turnover +€195,340
new in 2025: €195,340
- Gross operating margin -€141,673
down €141,673 (-58.4%), from €242,786 to €101,114
- Purchases and services +€114,712
new in 2025: €114,712
- Taxes -€42,367
down €42,367 (-99.8%), from €42,472 to €105
- Financial charges -€31,391
down €31,391 (-35.5%), from €88,321 to €56,929
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €630,689 | €476,663 | -€154,025 | -24.4% |
| Fixed assets | 21/28 | €93,685 | €37,890 | -€55,796 | -59.6% |
| Tangible fixed assets | 22/27 | €93,685 | €37,890 | -€55,796 | -59.6% |
| Furniture and vehicles | 24 | €89,607 | €35,780 | -€53,827 | -60.1% |
| Other tangible fixed assets | 26 | €4,079 | €2,110 | -€1,969 | -48.3% |
| Current assets | 29/58 | €537,003 | €438,774 | -€98,230 | -18.3% |
| Amounts receivable within one year | 40/41 | €419,286 | €79,809 | -€339,477 | -81.0% |
| Trade receivables | 40 | €419,286 | €53,862 | -€365,424 | -87.2% |
| Other amounts receivable | 41 | €0 | €25,946 | +€25,946 | |
| Cash at bank and in hand | 54/58 | €117,717 | €349,408 | +€231,691 | +197% |
| Deferred charges and accrued income | 490/1 | - | €9,557 | +€9,557 | |
| Total equity and liabilities | 10/49 | €630,689 | €476,663 | -€154,025 | -24.4% |
| Equity | 10/15 | €345,326 | €284,599 | -€60,726 | -17.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €251,860 | €201,860 | -€50,000 | -19.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €250,000 | €201,860 | -€48,140 | -19.3% |
| Profit (loss) carried forward | 14 | €86,466 | €75,739 | -€10,726 | -12.4% |
| Amounts payable | 17/49 | €285,363 | €192,064 | -€93,299 | -32.7% |
| Amounts payable within one year | 42/48 | €285,363 | €192,055 | -€93,308 | -32.7% |
| Trade debts | 44 | €101,595 | €1,913 | -€99,682 | -98.1% |
| Suppliers | 440/4 | €101,595 | €1,913 | -€99,682 | -98.1% |
| Taxes, remuneration and social security | 45 | €61,260 | €15,852 | -€45,409 | -74.1% |
| Taxes | 450/3 | €61,260 | €15,852 | -€45,409 | -74.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €122,507 | €174,290 | +€51,783 | +42.3% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Turnover | 70 | - | €195,340 | +€195,340 | |
| Non-recurring operating income | 76A | - | €5,072 | +€5,072 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €114,712 | +€114,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,969 | €22,814 | -€10,155 | -30.8% |
| Other operating charges | 640/8 | €345 | €1,064 | +€719 | +208% |
| Non-recurring operating charges | 66A | €13,739 | €3,947 | -€9,792 | -71.3% |
| Gross operating margin | 9900 | €242,786 | €101,114 | -€141,673 | -58.4% |
| Operating profit (loss) | 9901 | €195,733 | €73,288 | -€122,445 | -62.6% |
| Financial income | 75/76B | €302 | - | -€302 | |
| Recurring financial income | 75 | €302 | - | -€302 | |
| Financial charges | 65/66B | €88,321 | €56,929 | -€31,391 | -35.5% |
| Recurring financial charges | 65 | €88,321 | €56,929 | -€31,391 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €107,715 | €16,359 | -€91,356 | -84.8% |
| Income taxes | 67/77 | €42,472 | €105 | -€42,367 | -99.8% |
| Profit (loss) for the period | 9904 | €65,243 | €16,254 | -€48,988 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,243 | €16,254 | -€48,988 | -75.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.