C-PLUS: 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.
C-PLUS
Largest movements
- Cash +€207,471
up €207,471 (+271.5%), from €76,416 to €283,886
mainly Trade debts (+€205,375) and Advances received (+€200,000)
- Receivables within one year +€168,460
up €168,460 (+97.8%), from €172,330 to €340,790
of which Trade receivables: +€118,692
- Intangible fixed assets -€46,512
down €46,512 (-100.0%), from €46,512 to €0
- Tangible fixed assets -€6,353
down €6,353 (-92.7%), from €6,852 to €498
- Trade debts +€205,375
up €205,375 (+234.5%), from €87,575 to €292,950
- Advances received +€200,000
new in 2025: €200,000
- Other debts -€99,769
down €99,769 (-99.4%), from €100,362 to €592
- Reserves +€7,813
up €7,813 (+8.0%), from €97,984 to €105,797
- Tax, wage and social debts +€7,496
up €7,496 (+35.4%), from €21,180 to €28,676
of which Taxes: +€12,110
- Gross operating margin -€46,843
down €46,843 (-20.5%), from €228,546 to €181,703
- Depreciation -€18,452
down €18,452 (-95.4%), from €19,337 to €886
- Taxes -€10,827
down €10,827 (-68.4%), from €15,835 to €5,008
- Staff costs +€6,293
up €6,293 (+4.4%), from €142,791 to €149,084
- Financial charges -€5,230
down €5,230 (-78.2%), from €6,693 to €1,462
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 | €307,101 | €628,017 | +€320,916 | +104.5% |
| Fixed assets | 21/28 | €53,438 | €573 | -€52,865 | -98.9% |
| Intangible fixed assets | 21 | €46,512 | €0 | -€46,512 | -100.0% |
| Tangible fixed assets | 22/27 | €6,852 | €498 | -€6,353 | -92.7% |
| Furniture and vehicles | 24 | €6,852 | €498 | -€6,353 | -92.7% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €253,663 | €627,444 | +€373,781 | +147.4% |
| Amounts receivable within one year | 40/41 | €172,330 | €340,790 | +€168,460 | +97.8% |
| Trade receivables | 40 | €166,827 | €285,519 | +€118,692 | +71.1% |
| Other amounts receivable | 41 | €5,503 | €55,271 | +€49,768 | +904.4% |
| Cash at bank and in hand | 54/58 | €76,416 | €283,886 | +€207,471 | +271.5% |
| Deferred charges and accrued income | 490/1 | €4,918 | €2,767 | -€2,151 | -43.7% |
| Total equity and liabilities | 10/49 | €307,101 | €628,017 | +€320,916 | +104.5% |
| Equity | 10/15 | €97,985 | €105,798 | +€7,813 | +8.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €97,984 | €105,797 | +€7,813 | +8.0% |
| Distributable reserves | 133 | €97,984 | €105,797 | +€7,813 | +8.0% |
| Amounts payable | 17/49 | €209,117 | €522,219 | +€313,102 | +149.7% |
| Amounts payable within one year | 42/48 | €209,117 | €522,219 | +€313,102 | +149.7% |
| Trade debts | 44 | €87,575 | €292,950 | +€205,375 | +234.5% |
| Suppliers | 440/4 | €87,575 | €292,950 | +€205,375 | +234.5% |
| Advances received on contracts in progress | 46 | - | €200,000 | +€200,000 | |
| Taxes, remuneration and social security | 45 | €21,180 | €28,676 | +€7,496 | +35.4% |
| Taxes | 450/3 | €6,006 | €18,116 | +€12,110 | +201.6% |
| Remuneration and social security | 454/9 | €15,174 | €10,560 | -€4,614 | -30.4% |
| Other amounts payable | 47/48 | €100,362 | €592 | -€99,769 | -99.4% |
| Non-recurring operating income | 76A | €7,970 | €161,882 | +€153,912 | +1931.1% |
| Remuneration, social security and pensions | 62 | €142,791 | €149,084 | +€6,293 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,337 | €886 | -€18,452 | -95.4% |
| Other operating charges | 640/8 | €2,394 | €1,889 | -€505 | -21.1% |
| Non-recurring operating charges | 66A | - | €15,561 | +€15,561 | |
| Gross operating margin | 9900 | €228,546 | €181,703 | -€46,843 | -20.5% |
| Operating profit (loss) | 9901 | €64,024 | €14,283 | -€49,741 | -77.7% |
| Financial income | 75/76B | €166 | €0 | -€166 | -100.0% |
| Recurring financial income | 75 | €166 | €0 | -€166 | -100.0% |
| Financial charges | 65/66B | €6,693 | €1,462 | -€5,230 | -78.2% |
| Recurring financial charges | 65 | €6,693 | €1,462 | -€5,230 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €57,498 | €12,821 | -€44,677 | -77.7% |
| Income taxes | 67/77 | €15,835 | €5,008 | -€10,827 | -68.4% |
| Profit (loss) for the period | 9904 | €41,663 | €7,813 | -€33,850 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,663 | €7,813 | -€33,850 | -81.2% |
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 4 October 2026 via checked.be.