C.B.V.: 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.V.
Largest movements
- Cash +€119,242
up €119,242 (+11.3%), from €1.1m to €1.2m
mainly Receivables within one year (+€73,629) and Net result for the year (+€29,070)
- Receivables within one year -€73,629
down €73,629 (-53.5%), from €137,674 to €64,046
of which Trade receivables: -€78,760
- Reserves +€29,070
up €29,070 (+2.7%), from €1.1m to €1.1m
of which Distributable reserves: +€29,070
- Gross operating margin -€291,252
down €291,252 (-84.2%), from €345,985 to €54,733
- Taxes -€95,364
down €95,364 (-89.3%), from €106,732 to €11,369
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 | €1,217,433 | €1,253,839 | +€36,406 | +3.0% |
| Fixed assets | 21/28 | €26,051 | €14,845 | -€11,206 | -43.0% |
| Tangible fixed assets | 22/27 | €26,051 | €14,845 | -€11,206 | -43.0% |
| Plant, machinery and equipment | 23 | €1,569 | €623 | -€947 | -60.3% |
| Furniture and vehicles | 24 | €24,482 | €14,223 | -€10,259 | -41.9% |
| Current assets | 29/58 | €1,191,382 | €1,238,994 | +€47,611 | +4.0% |
| Amounts receivable within one year | 40/41 | €137,674 | €64,046 | -€73,629 | -53.5% |
| Trade receivables | 40 | €137,674 | €58,914 | -€78,760 | -57.2% |
| Other amounts receivable | 41 | - | €5,131 | +€5,131 | |
| Cash at bank and in hand | 54/58 | €1,053,708 | €1,172,950 | +€119,242 | +11.3% |
| Deferred charges and accrued income | 490/1 | - | €1,998 | +€1,998 | |
| Total equity and liabilities | 10/49 | €1,217,433 | €1,253,839 | +€36,406 | +3.0% |
| Equity | 10/15 | €1,085,470 | €1,114,540 | +€29,070 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,066,870 | €1,095,940 | +€29,070 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,065,010 | €1,094,080 | +€29,070 | +2.7% |
| Amounts payable | 17/49 | €131,963 | €139,299 | +€7,336 | +5.6% |
| Amounts payable within one year | 42/48 | €131,963 | €139,299 | +€7,336 | +5.6% |
| Trade debts | 44 | €4,448 | €2,828 | -€1,620 | -36.4% |
| Suppliers | 440/4 | €4,448 | €2,828 | -€1,620 | -36.4% |
| Taxes, remuneration and social security | 45 | €99,138 | €105,093 | +€5,956 | +6.0% |
| Taxes | 450/3 | €99,138 | €105,093 | +€5,956 | +6.0% |
| Other amounts payable | 47/48 | €28,378 | €31,378 | +€3,000 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,775 | €13,226 | -€549 | -4.0% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €345,985 | €54,733 | -€291,252 | -84.2% |
| Operating profit (loss) | 9901 | €331,822 | €40,508 | -€291,314 | -87.8% |
| Financial charges | 65/66B | €180 | €69 | -€111 | -61.6% |
| Recurring financial charges | 65 | €180 | €69 | -€111 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €331,642 | €40,439 | -€291,203 | -87.8% |
| Income taxes | 67/77 | €106,732 | €11,369 | -€95,364 | -89.3% |
| Profit (loss) for the period | 9904 | €224,910 | €29,070 | -€195,840 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,910 | €29,070 | -€195,840 | -87.1% |
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.