C B F: 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.
What changed
C B F
NACE 28.110, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,158
2024 · -€6,300+€1,142
Equity
€237,306
2024 · €242,464-€5,158
Cash
€1,361
2024 · €1,361
Balance sheet total
€670,919
2024 · €681,382-€10,463
Largest movements
Assets
- Tangible fixed assets -€12,800
down €12,800 (-6.7%), from €192,333 to €179,533
Equity and liabilities
- Reserves -€7,194
down €7,194 (-7.3%), from €98,941 to €91,747
of which Tax-exempt reserves: -€7,194
Income statement
- Gross operating margin +€1,689
up €1,689 (+55.5%), from €3,045 to €4,734
- Taxes +€333
up €333 (+133%), from €249 to €582
- Financial charges +€103
new in 2025: €103
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.
Result 2024
-€6,300
Gross operating margin
+€1,689
Other operating items
-€111
Financial charges
-€103
Taxes
-€333
Result 2025
-€5,158
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
€0
Investment
€0
Financing
€0
Cash 2024
€1,361
From operations (derived)
€0
Net result for the year
-€5,158
Depreciation
+€12,800
Receivables within one year
-€2,337
Provisions
-€3,704
Trade debts
+€66
Tax, wage and social debts
-€1,667
Cash 2025
€1,361
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €681,382 | €670,919 | -€10,463 | -1.5% |
| Fixed assets | 21/28 | €316,985 | €304,185 | -€12,800 | -4.0% |
| Tangible fixed assets | 22/27 | €192,333 | €179,533 | -€12,800 | -6.7% |
| Land and buildings | 22 | €192,333 | €179,533 | -€12,800 | -6.7% |
| Financial fixed assets | 28 | €124,652 | €124,652 | = | 0.0% |
| Current assets | 29/58 | €364,397 | €366,734 | +€2,337 | +0.6% |
| Amounts receivable within one year | 40/41 | €360,765 | €363,102 | +€2,337 | +0.6% |
| Trade receivables | 40 | €35,174 | €47,174 | +€12,000 | +34.1% |
| Other amounts receivable | 41 | €325,591 | €315,928 | -€9,663 | -3.0% |
| Current investments | 50/53 | €2,271 | €2,271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,361 | €1,361 | = | 0.0% |
| Total equity and liabilities | 10/49 | €681,382 | €670,919 | -€10,463 | -1.5% |
| Equity | 10/15 | €242,464 | €237,306 | -€5,158 | -2.1% |
| Contributions | 10/11 | €62,469 | €62,469 | = | 0.0% |
| Capital | 10 | €62,469 | €62,469 | = | 0.0% |
| Issued capital | 100 | €62,469 | €62,469 | = | 0.0% |
| Reserves | 13 | €98,941 | €91,747 | -€7,194 | -7.3% |
| Non-distributable reserves | 130/1 | €6,247 | €6,247 | = | 0.0% |
| Legal reserve | 130 | €6,247 | €6,247 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,694 | €85,500 | -€7,194 | -7.8% |
| Profit (loss) carried forward | 14 | €81,054 | €83,090 | +€2,036 | +2.5% |
| Provisions and deferred taxes | 16 | €70,445 | €66,740 | -€3,704 | -5.3% |
| Deferred taxes | 168 | €70,445 | €66,740 | -€3,704 | -5.3% |
| Amounts payable | 17/49 | €368,474 | €366,873 | -€1,601 | -0.4% |
| Amounts payable after more than one year | 17 | €347,000 | €347,000 | = | 0.0% |
| Financial debts | 170/4 | €347,000 | €347,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,474 | €19,873 | -€1,601 | -7.5% |
| Trade debts | 44 | €19,167 | €19,232 | +€66 | +0.3% |
| Suppliers | 440/4 | €19,167 | €19,232 | +€66 | +0.3% |
| Taxes, remuneration and social security | 45 | €2,307 | €640 | -€1,667 | -72.2% |
| Taxes | 450/3 | €2,307 | €640 | -€1,667 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,800 | €12,800 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €111 | +€111 | |
| Gross operating margin | 9900 | €3,045 | €4,734 | +€1,689 | +55.5% |
| Operating profit (loss) | 9901 | -€9,755 | -€8,177 | +€1,578 | +16.2% |
| Financial charges | 65/66B | - | €103 | +€103 | |
| Recurring financial charges | 65 | - | €103 | +€103 | |
| Profit (loss) for the period before taxes | 9903 | -€9,755 | -€8,280 | +€1,475 | +15.1% |
| Transfer from deferred taxes | 780 | €3,704 | €3,704 | = | 0.0% |
| Income taxes | 67/77 | €249 | €582 | +€333 | +133% |
| Profit (loss) for the period | 9904 | -€6,300 | -€5,158 | +€1,142 | +18.1% |
| Transfer from tax-exempt reserves | 789 | €7,194 | €7,194 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €894 | €2,036 | +€1,142 | +128% |
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 23 October 2026 via checked.be.