CS2L: 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.
CS2L
Largest movements
- Receivables within one year +€929,009
up €929,009 (+706%), from €131,519 to €1.1m
of which Trade receivables: +€926,092
- Cash +€520,556
up €520,556 (+2,262%), from €23,018 to €543,574
mainly Trade debts (+€866,877) and Stocks and contracts (+€265,969)
- Stocks and contracts -€265,969
down €265,969 (-16.9%), from €1.6m to €1.3m
- Trade debts +€866,877
up €866,877 (+509%), from €170,323 to €1.0m
- Debts after one year +€239,519
up €239,519 (+16.2%), from €1.5m to €1.7m
- Reserves +€58,600
up €58,600 (+109%), from €53,700 to €112,300
- Taxes +€2,851
up €2,851 (+14.0%), from €20,370 to €23,221
- Gross operating margin +€2,498
up €2,498 (+3.1%), from €80,909 to €83,406
- Other operating charges +€1,085
up €1,085 (+295%), from €367 to €1,452
- Financial income -€985
down €985 (-99.9%), from €985 to €1
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 | €1,727,504 | €2,916,899 | +€1.2m | +68.9% |
| Fixed assets | 21/28 | - | €6,000 | +€6,000 | |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €1,727,504 | €2,910,899 | +€1.2m | +68.5% |
| Stocks and contracts in progress | 3 | €1,571,937 | €1,305,968 | -€265,969 | -16.9% |
| Stocks | 30/36 | €1,571,937 | €1,305,968 | -€265,969 | -16.9% |
| Amounts receivable within one year | 40/41 | €131,519 | €1,060,529 | +€929,009 | +706% |
| Trade receivables | 40 | €126,037 | €1,052,129 | +€926,092 | +735% |
| Other amounts receivable | 41 | €5,483 | €8,400 | +€2,917 | +53.2% |
| Cash at bank and in hand | 54/58 | €23,018 | €543,574 | +€520,556 | +2,262% |
| Deferred charges and accrued income | 490/1 | €1,030 | €829 | -€201 | -19.5% |
| Total equity and liabilities | 10/49 | €1,727,504 | €2,916,899 | +€1.2m | +68.9% |
| Equity | 10/15 | €54,784 | €113,475 | +€58,691 | +107% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,700 | €112,300 | +€58,600 | +109% |
| Distributable reserves | 133 | €53,700 | €112,300 | +€58,600 | +109% |
| Profit (loss) carried forward | 14 | €84 | €175 | +€91 | +108% |
| Amounts payable | 17/49 | €1,672,720 | €2,803,424 | +€1.1m | +67.6% |
| Amounts payable after more than one year | 17 | €1,481,269 | €1,720,787 | +€239,519 | +16.2% |
| Financial debts | 170/4 | €1,481,269 | €1,720,787 | +€239,519 | +16.2% |
| Amounts payable within one year | 42/48 | €191,451 | €1,082,637 | +€891,186 | +465% |
| Trade debts | 44 | €170,323 | €1,037,201 | +€866,877 | +509% |
| Suppliers | 440/4 | €170,323 | €1,037,201 | +€866,877 | +509% |
| Taxes, remuneration and social security | 45 | €20,428 | €43,766 | +€23,339 | +114% |
| Taxes | 450/3 | €20,428 | €43,766 | +€23,339 | +114% |
| Other amounts payable | 47/48 | €700 | €1,670 | +€970 | +139% |
| Other operating charges | 640/8 | €367 | €1,452 | +€1,085 | +295% |
| Gross operating margin | 9900 | €80,909 | €83,406 | +€2,498 | +3.1% |
| Operating profit (loss) | 9901 | €80,541 | €81,954 | +€1,413 | +1.8% |
| Financial income | 75/76B | €985 | €1 | -€985 | -99.9% |
| Recurring financial income | 75 | €985 | €1 | -€985 | -99.9% |
| Financial charges | 65/66B | €147 | €43 | -€104 | -70.7% |
| Recurring financial charges | 65 | €147 | €43 | -€104 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €81,380 | €81,912 | +€532 | +0.7% |
| Income taxes | 67/77 | €20,370 | €23,221 | +€2,851 | +14.0% |
| Profit (loss) for the period | 9904 | €61,010 | €58,691 | -€2,319 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,010 | €58,691 | -€2,319 | -3.8% |
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 27 October 2026 via checked.be.