C.B.: 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.B.
Largest movements
- Cash -€185,572
down €185,572 (-18.6%), from €999,758 to €814,185
mainly Receivables within one year (-€58,398) and Other debts (-€50,000)
- Receivables within one year +€58,398
up €58,398 (+25.5%), from €229,057 to €287,455
of which Trade receivables: +€53,300
- Other debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tax, wage and social debts -€37,153
down €37,153 (-31.7%), from €117,152 to €79,999
of which Remuneration and social security: -€23,067
- Trade debts -€25,927
down €25,927 (-83.7%), from €30,973 to €5,046
- Reserves -€15,524
down €15,524 (-1.4%), from €1.1m to €1.1m
of which Distributable reserves: -€15,524
- Staff costs -€181,547
down €181,547 (-29.4%), from €616,877 to €435,330
- Financial charges +€26,888
up €26,888, from -€26,610 to €278
- Gross operating margin -€19,026
down €19,026 (-4.6%), from €414,606 to €395,580
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 | €1,467,005 | €1,338,379 | -€128,625 | -8.8% |
| Current assets | 29/58 | €1,467,005 | €1,338,379 | -€128,625 | -8.8% |
| Amounts receivable within one year | 40/41 | €229,057 | €287,455 | +€58,398 | +25.5% |
| Trade receivables | 40 | €222,142 | €275,442 | +€53,300 | +24.0% |
| Other amounts receivable | 41 | €6,915 | €12,013 | +€5,098 | +73.7% |
| Current investments | 50/53 | €231,520 | €234,229 | +€2,708 | +1.2% |
| Cash at bank and in hand | 54/58 | €999,758 | €814,185 | -€185,572 | -18.6% |
| Deferred charges and accrued income | 490/1 | €6,669 | €2,511 | -€4,158 | -62.4% |
| Total equity and liabilities | 10/49 | €1,467,005 | €1,338,379 | -€128,625 | -8.8% |
| Equity | 10/15 | €1,268,089 | €1,252,566 | -€15,524 | -1.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,144,143 | €1,128,619 | -€15,524 | -1.4% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €1,131,743 | €1,116,219 | -€15,524 | -1.4% |
| Amounts payable | 17/49 | €198,915 | €85,814 | -€113,101 | -56.9% |
| Amounts payable within one year | 42/48 | €198,125 | €85,045 | -€113,080 | -57.1% |
| Trade debts | 44 | €30,973 | €5,046 | -€25,927 | -83.7% |
| Suppliers | 440/4 | €30,973 | €5,046 | -€25,927 | -83.7% |
| Taxes, remuneration and social security | 45 | €117,152 | €79,999 | -€37,153 | -31.7% |
| Taxes | 450/3 | €31,091 | €17,005 | -€14,086 | -45.3% |
| Remuneration and social security | 454/9 | €86,061 | €62,993 | -€23,067 | -26.8% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €790 | €769 | -€21 | -2.7% |
| Remuneration, social security and pensions | 62 | €616,877 | €435,330 | -€181,547 | -29.4% |
| Other operating charges | 640/8 | €1,352 | €1,776 | +€424 | +31.3% |
| Gross operating margin | 9900 | €414,606 | €395,580 | -€19,026 | -4.6% |
| Operating profit (loss) | 9901 | -€203,623 | -€41,526 | +€162,097 | +79.6% |
| Financial income | 75/76B | €23,050 | €26,279 | +€3,230 | +14.0% |
| Recurring financial income | 75 | €23,050 | €26,279 | +€3,230 | +14.0% |
| Financial charges | 65/66B | -€26,610 | €278 | +€26,888 | |
| Recurring financial charges | 65 | -€26,610 | €278 | +€26,888 | |
| Profit (loss) for the period before taxes | 9903 | -€153,963 | -€15,524 | +€138,439 | +89.9% |
| Profit (loss) for the period | 9904 | -€153,963 | -€15,524 | +€138,439 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,963 | -€15,524 | +€138,439 | +89.9% |
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 8 October 2026 via checked.be.