C & B MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€827,333
down €827,333 (-63.5%), from €1.3m to €475,646
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€561,809)
- Current investments +€561,809
up €561,809 (+56.1%), from €1.0m to €1.6m
- Receivables within one year +€46,761
up €46,761 (+111.0%), from €42,124 to €88,885
of which Trade receivables: +€37,254
- Tax, wage and social debts -€185,212
down €185,212 (-40.2%), from €460,534 to €275,322
- Gross operating margin +€130,712
up €130,712 (+8.6%), from €1.5m to €1.7m
- Taxes +€75,602
up €75,602 (+16.5%), from €458,126 to €533,728
- Depreciation -€57,859
down €57,859 (-70.5%), from €82,064 to €24,204
- Financial income +€32,426
up €32,426 (+212.0%), from €15,293 to €47,719
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 | €4,477,371 | €4,250,046 | -€227,326 | -5.1% |
| Fixed assets | 21/28 | €2,126,667 | €2,120,893 | -€5,774 | -0.3% |
| Tangible fixed assets | 22/27 | €505,780 | €500,006 | -€5,774 | -1.1% |
| Land and buildings | 22 | €444,228 | €448,273 | +€4,045 | +0.9% |
| Plant, machinery and equipment | 23 | €16,188 | €16,332 | +€144 | +0.9% |
| Furniture and vehicles | 24 | €45,364 | €35,401 | -€9,963 | -22.0% |
| Financial fixed assets | 28 | €1,620,887 | €1,620,887 | = | 0.0% |
| Current assets | 29/58 | €2,350,704 | €2,129,153 | -€221,552 | -9.4% |
| Amounts receivable within one year | 40/41 | €42,124 | €88,885 | +€46,761 | +111.0% |
| Trade receivables | 40 | €5,773 | €43,027 | +€37,254 | +645.3% |
| Other amounts receivable | 41 | €36,351 | €45,858 | +€9,507 | +26.2% |
| Current investments | 50/53 | €1,001,019 | €1,562,828 | +€561,809 | +56.1% |
| Cash at bank and in hand | 54/58 | €1,302,980 | €475,646 | -€827,333 | -63.5% |
| Deferred charges and accrued income | 490/1 | €4,582 | €1,794 | -€2,788 | -60.9% |
| Total equity and liabilities | 10/49 | €4,477,371 | €4,250,046 | -€227,326 | -5.1% |
| Equity | 10/15 | €4,006,128 | €3,962,388 | -€43,740 | -1.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €3,999,128 | €3,955,388 | -€43,740 | -1.1% |
| Non-distributable reserves | 130/1 | €7,169 | €7,169 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,169 | €7,169 | = | 0.0% |
| Distributable reserves | 133 | €3,991,960 | €3,948,220 | -€43,740 | -1.1% |
| Amounts payable | 17/49 | €471,243 | €287,658 | -€183,585 | -39.0% |
| Amounts payable within one year | 42/48 | €460,534 | €275,322 | -€185,212 | -40.2% |
| Taxes, remuneration and social security | 45 | €460,534 | €275,322 | -€185,212 | -40.2% |
| Taxes | 450/3 | €460,534 | €275,322 | -€185,212 | -40.2% |
| Accrued charges and deferred income | 492/3 | €10,709 | €12,336 | +€1,627 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,064 | €24,204 | -€57,859 | -70.5% |
| Other operating charges | 640/8 | €7,829 | €3,183 | -€4,646 | -59.3% |
| Gross operating margin | 9900 | €1,520,232 | €1,650,944 | +€130,712 | +8.6% |
| Operating profit (loss) | 9901 | €1,430,340 | €1,623,557 | +€193,217 | +13.5% |
| Financial income | 75/76B | €15,293 | €47,719 | +€32,426 | +212.0% |
| Recurring financial income | 75 | €15,293 | €47,719 | +€32,426 | +212.0% |
| Financial charges | 65/66B | €5,301 | €18,245 | +€12,944 | +244.2% |
| Recurring financial charges | 65 | €5,301 | €18,245 | +€12,944 | +244.2% |
| Profit (loss) for the period before taxes | 9903 | €1,440,332 | €1,653,031 | +€212,700 | +14.8% |
| Income taxes | 67/77 | €458,126 | €533,728 | +€75,602 | +16.5% |
| Profit (loss) for the period | 9904 | €982,206 | €1,119,303 | +€137,097 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €982,206 | €1,119,303 | +€137,097 | +14.0% |
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 9 October 2026 via checked.be.