C.B.I.: 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.
C.B.I.
Largest movements
- Receivables within one year -€79,222
down €79,222 (-50.2%), from €157,821 to €78,599
of which Trade receivables: -€74,183
- Tangible fixed assets -€65,347
down €65,347 (-4.0%), from €1.6m to €1.6m
of which Other tangible fixed assets: -€38,600
- Debts after one year -€142,061
down €142,061 (-23.3%), from €610,905 to €468,844
of which Financial debts: -€142,061
- Other debts -€92,348
down €92,348 (-19.4%), from €474,907 to €382,559
- Reserves +€90,500
up €90,500 (+18.8%), from €480,447 to €570,947
of which Distributable reserves: +€132,600
- Provisions -€125,940
no longer reported in 2025 (was €125,940)
- Gross operating margin -€114,125
down €114,125 (-31.5%), from €361,841 to €247,716
- Taxes +€23,435
up €23,435 (+85.3%), from €27,488 to €50,923
- Financial charges -€21,076
down €21,076 (-44.8%), from €47,000 to €25,924
of which Non-recurring financial charges: -€20,000
- Depreciation -€18,891
down €18,891 (-20.3%), from €93,057 to €74,166
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 | €1,930,279 | €1,779,857 | -€150,422 | -7.8% |
| Fixed assets | 21/28 | €1,712,770 | €1,647,423 | -€65,347 | -3.8% |
| Tangible fixed assets | 22/27 | €1,636,245 | €1,570,898 | -€65,347 | -4.0% |
| Land and buildings | 22 | €1,460,660 | €1,438,185 | -€22,475 | -1.5% |
| Plant, machinery and equipment | 23 | €7,109 | €4,878 | -€2,231 | -31.4% |
| Furniture and vehicles | 24 | €3,205 | €1,164 | -€2,041 | -63.7% |
| Other tangible fixed assets | 26 | €165,271 | €126,671 | -€38,600 | -23.4% |
| Financial fixed assets | 28 | €76,525 | €76,525 | = | 0.0% |
| Current assets | 29/58 | €217,508 | €132,434 | -€85,075 | -39.1% |
| Amounts receivable within one year | 40/41 | €157,821 | €78,599 | -€79,222 | -50.2% |
| Trade receivables | 40 | €138,533 | €64,350 | -€74,183 | -53.5% |
| Other amounts receivable | 41 | €19,287 | €14,249 | -€5,038 | -26.1% |
| Current investments | 50/53 | €53 | €340 | +€286 | +537.2% |
| Cash at bank and in hand | 54/58 | €57,327 | €47,031 | -€10,296 | -18.0% |
| Deferred charges and accrued income | 490/1 | €2,308 | €6,464 | +€4,156 | +180.1% |
| Total equity and liabilities | 10/49 | €1,930,279 | €1,779,857 | -€150,422 | -7.8% |
| Equity | 10/15 | €678,956 | €769,464 | +€90,508 | +13.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €480,447 | €570,947 | +€90,500 | +18.8% |
| Tax-exempt reserves | 132 | €42,100 | - | -€42,100 | |
| Distributable reserves | 133 | €438,347 | €570,947 | +€132,600 | +30.2% |
| Profit (loss) carried forward | 14 | €98,509 | €98,517 | +€8 | 0.0% |
| Amounts payable | 17/49 | €1,251,322 | €1,010,393 | -€240,929 | -19.3% |
| Amounts payable after more than one year | 17 | €610,905 | €468,844 | -€142,061 | -23.3% |
| Financial debts | 170/4 | €604,080 | €462,019 | -€142,061 | -23.5% |
| Other amounts payable | 178/9 | €6,825 | €6,825 | = | 0.0% |
| Amounts payable within one year | 42/48 | €638,839 | €541,549 | -€97,290 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €116,143 | €121,343 | +€5,201 | +4.5% |
| Trade debts | 44 | €10,956 | €15,059 | +€4,104 | +37.5% |
| Suppliers | 440/4 | €10,956 | €15,059 | +€4,104 | +37.5% |
| Taxes, remuneration and social security | 45 | €36,834 | €22,588 | -€14,246 | -38.7% |
| Taxes | 450/3 | €36,834 | €22,588 | -€14,246 | -38.7% |
| Other amounts payable | 47/48 | €474,907 | €382,559 | -€92,348 | -19.4% |
| Accrued charges and deferred income | 492/3 | €1,579 | - | -€1,579 | |
| Non-recurring operating income | 76A | €41,750 | - | -€41,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,057 | €74,166 | -€18,891 | -20.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €125,940 | - | -€125,940 | |
| Other operating charges | 640/8 | €18,010 | €8,494 | -€9,516 | -52.8% |
| Gross operating margin | 9900 | €361,841 | €247,716 | -€114,125 | -31.5% |
| Operating profit (loss) | 9901 | €124,834 | €165,056 | +€40,222 | +32.2% |
| Financial income | 75/76B | €1,567 | €2,299 | +€732 | +46.7% |
| Recurring financial income | 75 | €1,567 | €2,299 | +€732 | +46.7% |
| Financial charges | 65/66B | €47,000 | €25,924 | -€21,076 | -44.8% |
| Recurring financial charges | 65 | €27,000 | €25,924 | -€1,076 | -4.0% |
| Non-recurring financial charges | 66B | €20,000 | - | -€20,000 | |
| Profit (loss) for the period before taxes | 9903 | €79,401 | €141,431 | +€62,029 | +78.1% |
| Income taxes | 67/77 | €27,488 | €50,923 | +€23,435 | +85.3% |
| Profit (loss) for the period | 9904 | €51,913 | €90,508 | +€38,595 | +74.3% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,913 | €132,608 | +€80,695 | +155.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.