C.P.B.: 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.P.B.
Largest movements
- Receivables within one year +€47,392
up €47,392 (+80.0%), from €59,219 to €106,611
of which Trade receivables: +€49,121
- Cash -€25,055
down €25,055 (-31.1%), from €80,651 to €55,596
mainly Receivables within one year (-€47,392) and Investment in fixed assets (net) (-€32,277)
- Tangible fixed assets +€17,016
up €17,016 (+84.4%), from €20,163 to €37,179
of which Plant, machinery and equipment: +€18,680
- Deferred charges and accrued income +€15,007
up €15,007 (+2.2%), from €689,692 to €704,698
- Accrued charges and deferred income +€29,548
up €29,548 (+3.9%), from €765,592 to €795,140
- Trade debts +€13,008
up €13,008 (+425.4%), from €3,058 to €16,066
- Tax, wage and social debts +€10,509
up €10,509 (+24.2%), from €43,511 to €54,020
of which Remuneration and social security: +€6,805
- Gross operating margin +€52,991
up €52,991 (+13.2%), from €401,335 to €454,325
- Staff costs +€52,062
up €52,062 (+13.6%), from €382,205 to €434,267
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 | €851,985 | €905,050 | +€53,065 | +6.2% |
| Fixed assets | 21/28 | €22,422 | €38,144 | +€15,722 | +70.1% |
| Intangible fixed assets | 21 | €2,260 | €965 | -€1,295 | -57.3% |
| Tangible fixed assets | 22/27 | €20,163 | €37,179 | +€17,016 | +84.4% |
| Plant, machinery and equipment | 23 | €16,475 | €35,155 | +€18,680 | +113.4% |
| Furniture and vehicles | 24 | €3,688 | €2,025 | -€1,664 | -45.1% |
| Current assets | 29/58 | €829,562 | €866,906 | +€37,343 | +4.5% |
| Amounts receivable within one year | 40/41 | €59,219 | €106,611 | +€47,392 | +80.0% |
| Trade receivables | 40 | €57,490 | €106,611 | +€49,121 | +85.4% |
| Other amounts receivable | 41 | €1,729 | €0 | -€1,729 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,651 | €55,596 | -€25,055 | -31.1% |
| Deferred charges and accrued income | 490/1 | €689,692 | €704,698 | +€15,007 | +2.2% |
| Total equity and liabilities | 10/49 | €851,985 | €905,050 | +€53,065 | +6.2% |
| Equity | 10/15 | €39,824 | €39,824 | = | 0.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €4,824 | €4,824 | = | 0.0% |
| Distributable reserves | 133 | €4,824 | €4,824 | = | 0.0% |
| Amounts payable | 17/49 | €812,161 | €865,226 | +€53,065 | +6.5% |
| Amounts payable within one year | 42/48 | €46,569 | €70,086 | +€23,517 | +50.5% |
| Trade debts | 44 | €3,058 | €16,066 | +€13,008 | +425.4% |
| Suppliers | 440/4 | €3,058 | €16,066 | +€13,008 | +425.4% |
| Taxes, remuneration and social security | 45 | €43,511 | €54,020 | +€10,509 | +24.2% |
| Taxes | 450/3 | €657 | €4,361 | +€3,704 | +563.7% |
| Remuneration and social security | 454/9 | €42,854 | €49,659 | +€6,805 | +15.9% |
| Accrued charges and deferred income | 492/3 | €765,592 | €795,140 | +€29,548 | +3.9% |
| Remuneration, social security and pensions | 62 | €382,205 | €434,267 | +€52,062 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,502 | €16,555 | +€3,053 | +22.6% |
| Other operating charges | 640/8 | €1,193 | €645 | -€548 | -45.9% |
| Gross operating margin | 9900 | €401,335 | €454,325 | +€52,991 | +13.2% |
| Operating profit (loss) | 9901 | €4,435 | €2,859 | -€1,576 | -35.5% |
| Financial income | 75/76B | €19 | €65 | +€46 | +239.1% |
| Recurring financial income | 75 | €19 | €65 | +€46 | +239.1% |
| Financial charges | 65/66B | €87 | €124 | +€37 | +42.2% |
| Recurring financial charges | 65 | €87 | €124 | +€37 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €4,367 | €2,800 | -€1,567 | -35.9% |
| Income taxes | 67/77 | €3,603 | €2,800 | -€803 | -22.3% |
| Profit (loss) for the period | 9904 | €764 | €0 | -€764 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €764 | €0 | -€764 | -100.0% |
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.