C.F.B. DEVELOPMENT: what changed
Two fiscal 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.F.B. DEVELOPMENT
Largest movements
- Cash -€27,137
down €27,137 (-63.5%), from €42,751 to €15,614
mainly Contributions, distributions and other (-€203,500) and Tax, wage and social debts (-€26,059)
- Reserves -€154,200
down €154,200 (-22.6%), from €683,700 to €529,500
of which Distributable reserves: -€154,200
- Other debts +€145,250
up €145,250 (+163.0%), from €89,100 to €234,350
- Trade debts +€31,015
up €31,015 (+485.8%), from €6,385 to €37,400
- Tax, wage and social debts -€26,059
down €26,059 (-42.4%), from €61,411 to €35,352
- Debts after one year -€23,604
down €23,604 (-13.3%), from €177,000 to €153,396
- Financial income -€221,704
down €221,704 (-97.7%), from €226,901 to €5,197
- Taxes -€19,801
down €19,801 (-42.8%), from €46,297 to €26,496
- Financial charges +€1,265
up €1,265 (+11.3%), from €11,220 to €12,486
of which Financial charges: +€3,273
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 | €1,577,393 | €1,550,956 | -€26,437 | -1.7% |
| Fixed assets | 21/28 | €1,320,165 | €1,317,788 | -€2,377 | -0.2% |
| Tangible fixed assets | 22/27 | €3,137 | €760 | -€2,377 | -75.8% |
| Land and buildings | 22 | €320 | €94 | -€225 | -70.5% |
| Furniture and vehicles | 24 | €2,817 | €665 | -€2,151 | -76.4% |
| Financial fixed assets | 28 | €1,317,028 | €1,317,028 | = | 0.0% |
| Current assets | 29/58 | €257,228 | €233,168 | -€24,060 | -9.4% |
| Stocks and contracts in progress | 3 | €18,135 | €22,315 | +€4,180 | +23.0% |
| Stocks | 30/36 | €18,135 | €22,315 | +€4,180 | +23.0% |
| Amounts receivable within one year | 40/41 | €178,970 | €173,258 | -€5,713 | -3.2% |
| Trade receivables | 40 | €32,780 | €98,258 | +€65,478 | +199.7% |
| Other amounts receivable | 41 | €146,190 | €75,000 | -€71,190 | -48.7% |
| Current investments | 50/53 | €10,702 | €10,702 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,751 | €15,614 | -€27,137 | -63.5% |
| Deferred charges and accrued income | 490/1 | €6,670 | €11,279 | +€4,609 | +69.1% |
| Total equity and liabilities | 10/49 | €1,577,393 | €1,550,956 | -€26,437 | -1.7% |
| Equity | 10/15 | €1,221,052 | €1,066,853 | -€154,199 | -12.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €683,700 | €529,500 | -€154,200 | -22.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €677,500 | €523,300 | -€154,200 | -22.8% |
| Profit (loss) carried forward | 14 | €475,352 | €475,353 | +€1 | 0.0% |
| Amounts payable | 17/49 | €356,341 | €484,102 | +€127,762 | +35.9% |
| Amounts payable after more than one year | 17 | €177,000 | €153,396 | -€23,604 | -13.3% |
| Financial debts | 170/4 | €177,000 | €153,396 | -€23,604 | -13.3% |
| Amounts payable within one year | 42/48 | €179,340 | €330,706 | +€151,366 | +84.4% |
| Current portion of amounts payable after more than one year | 42 | €22,444 | €23,604 | +€1,160 | +5.2% |
| Trade debts | 44 | €6,385 | €37,400 | +€31,015 | +485.8% |
| Suppliers | 440/4 | €6,385 | €37,400 | +€31,015 | +485.8% |
| Taxes, remuneration and social security | 45 | €61,411 | €35,352 | -€26,059 | -42.4% |
| Taxes | 450/3 | €61,411 | €35,352 | -€26,059 | -42.4% |
| Other amounts payable | 47/48 | €89,100 | €234,350 | +€145,250 | +163.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,784 | €2,377 | -€407 | -14.6% |
| Other operating charges | 640/8 | €1,095 | €1,126 | +€31 | +2.8% |
| Gross operating margin | 9900 | €86,315 | €86,588 | +€273 | +0.3% |
| Operating profit (loss) | 9901 | €82,436 | €83,085 | +€649 | +0.8% |
| Financial income | 75/76B | €226,901 | €5,197 | -€221,704 | -97.7% |
| Recurring financial income | 75 | €226,901 | €5,197 | -€221,704 | -97.7% |
| Financial charges | 65/66B | €11,220 | €12,486 | +€1,265 | +11.3% |
| Recurring financial charges | 65 | €9,212 | €12,486 | +€3,273 | +35.5% |
| Non-recurring financial charges | 66B | €2,008 | - | -€2,008 | |
| Profit (loss) for the period before taxes | 9903 | €298,116 | €75,797 | -€222,320 | -74.6% |
| Income taxes | 67/77 | €46,297 | €26,496 | -€19,801 | -42.8% |
| Profit (loss) for the period | 9904 | €251,819 | €49,301 | -€202,519 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €251,819 | €49,301 | -€202,519 | -80.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.