C.B.S.T.: 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.S.T.
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€43,950
down €43,950 (-44.0%), from €99,905 to €55,955
mainly Current investments (-€100,000) and Debts after one year (-€41,667)
- Stocks and contracts -€43,317
down €43,317 (-33.9%), from €127,845 to €84,528
- Receivables within one year -€15,588
down €15,588 (-29.3%), from €53,255 to €37,667
of which Trade receivables: -€15,588
- Profit (loss) carried forward +€65,297
up €65,297, from -€44,012 to €21,285
- Debts after one year -€41,667
down €41,667 (-38.1%), from €109,404 to €67,738
- Tax, wage and social debts -€15,242
down €15,242 (-15.1%), from €100,639 to €85,397
of which Taxes: -€12,358
- Current portion of long-term debt -€10,070
down €10,070 (-19.5%), from €51,737 to €41,667
- Trade debts +€8,626
up €8,626 (+8.6%), from €100,675 to €109,300
- Turnover -€1.5m
no longer reported in 2025 (was €1.5m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Gross operating margin +€43,547
up €43,547 (+16.0%), from €272,485 to €316,033
- Depreciation -€15,173
down €15,173 (-74.0%), from €20,511 to €5,338
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 | €673,368 | €674,539 | +€1,171 | +0.2% |
| Fixed assets | 21/28 | €392,362 | €394,015 | +€1,652 | +0.4% |
| Tangible fixed assets | 22/27 | €392,362 | €394,015 | +€1,652 | +0.4% |
| Land and buildings | 22 | €381,565 | €380,539 | -€1,026 | -0.3% |
| Plant, machinery and equipment | 23 | €8,553 | €10,572 | +€2,019 | +23.6% |
| Furniture and vehicles | 24 | €2,244 | €2,903 | +€659 | +29.4% |
| Current assets | 29/58 | €281,006 | €280,525 | -€481 | -0.2% |
| Stocks and contracts in progress | 3 | €127,845 | €84,528 | -€43,317 | -33.9% |
| Stocks | 30/36 | €127,845 | €84,528 | -€43,317 | -33.9% |
| Amounts receivable within one year | 40/41 | €53,255 | €37,667 | -€15,588 | -29.3% |
| Trade receivables | 40 | €53,233 | €37,645 | -€15,588 | -29.3% |
| Other amounts receivable | 41 | €22 | €22 | = | 0.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €99,905 | €55,955 | -€43,950 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €2,375 | +€2,375 | |
| Total equity and liabilities | 10/49 | €673,368 | €674,539 | +€1,171 | +0.2% |
| Equity | 10/15 | €303,436 | €368,733 | +€65,297 | +21.5% |
| Contributions | 10/11 | €41,448 | €41,448 | = | 0.0% |
| Revaluation surpluses | 12 | €306,000 | €306,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,012 | €21,285 | +€65,297 | |
| Amounts payable | 17/49 | €369,932 | €305,807 | -€64,126 | -17.3% |
| Amounts payable after more than one year | 17 | €109,404 | €67,738 | -€41,667 | -38.1% |
| Financial debts | 170/4 | €109,404 | €67,738 | -€41,667 | -38.1% |
| Amounts payable within one year | 42/48 | €260,528 | €238,069 | -€22,459 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €51,737 | €41,667 | -€10,070 | -19.5% |
| Trade debts | 44 | €100,675 | €109,300 | +€8,626 | +8.6% |
| Suppliers | 440/4 | €100,675 | €109,300 | +€8,626 | +8.6% |
| Taxes, remuneration and social security | 45 | €100,639 | €85,397 | -€15,242 | -15.1% |
| Taxes | 450/3 | €42,736 | €30,378 | -€12,358 | -28.9% |
| Remuneration and social security | 454/9 | €57,903 | €55,019 | -€2,884 | -5.0% |
| Other amounts payable | 47/48 | €7,477 | €1,705 | -€5,772 | -77.2% |
| Turnover | 70 | €1,480,180 | - | -€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,225,101 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €190,005 | €203,310 | +€13,305 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,511 | €5,338 | -€15,173 | -74.0% |
| Other operating charges | 640/8 | €13,104 | €8,926 | -€4,179 | -31.9% |
| Gross operating margin | 9900 | €272,485 | €316,033 | +€43,547 | +16.0% |
| Operating profit (loss) | 9901 | €48,865 | €98,458 | +€49,594 | +101% |
| Financial income | 75/76B | €90 | €497 | +€407 | +453% |
| Recurring financial income | 75 | €90 | €497 | +€407 | +453% |
| Financial charges | 65/66B | €11,570 | €13,511 | +€1,941 | +16.8% |
| Recurring financial charges | 65 | €11,570 | €13,511 | +€1,941 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €37,385 | €85,444 | +€48,060 | +129% |
| Income taxes | 67/77 | €10,396 | €20,148 | +€9,752 | +93.8% |
| Profit (loss) for the period | 9904 | €26,989 | €65,297 | +€38,308 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €26,989 | €65,297 | +€38,308 | +142% |
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 18 October 2026 via checked.be.