C.P.S.: 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.P.S.
Largest movements
- Tangible fixed assets -€30,500
down €30,500 (-25.1%), from €121,464 to €90,964
of which Furniture and vehicles: -€33,465
- Receivables within one year -€13,173
down €13,173 (-81.4%), from €16,181 to €3,008
of which Other amounts receivable: -€11,292
- Profit (loss) carried forward -€41,651
down €41,651 (-492%), from -€8,470 to -€50,121
- Debts after one year -€23,174
down €23,174 (-24.4%), from €95,102 to €71,927
- Short-term financial debts +€15,101
new in 2025: €15,101
- Other debts +€10,443
up €10,443 (+687%), from €1,520 to €11,963
- Tax, wage and social debts -€5,322
down €5,322 (-84.6%), from €6,287 to €965
of which Taxes: -€5,104
- Gross operating margin -€26,766
down €26,766 (-84.7%), from €31,607 to €4,841
- Depreciation +€23,315
up €23,315 (+211%), from €11,058 to €34,373
- Financial charges +€4,485
up €4,485 (+108%), from €4,155 to €8,640
- Other operating charges -€3,524
down €3,524 (-50.3%), from €7,004 to €3,480
- Taxes -€2,557
down €2,557, from €2,557 to -€0
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 | €147,539 | €101,764 | -€45,775 | -31.0% |
| Fixed assets | 21/28 | €123,230 | €92,689 | -€30,540 | -24.8% |
| Tangible fixed assets | 22/27 | €121,464 | €90,964 | -€30,500 | -25.1% |
| Land and buildings | 22 | €29,619 | €29,619 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,528 | €4,493 | +€2,965 | +194% |
| Furniture and vehicles | 24 | €90,317 | €56,852 | -€33,465 | -37.1% |
| Financial fixed assets | 28 | €1,766 | €1,726 | -€40 | -2.3% |
| Current assets | 29/58 | €24,309 | €9,074 | -€15,235 | -62.7% |
| Amounts receivable within one year | 40/41 | €16,181 | €3,008 | -€13,173 | -81.4% |
| Trade receivables | 40 | €4,253 | €2,372 | -€1,881 | -44.2% |
| Other amounts receivable | 41 | €11,928 | €635 | -€11,292 | -94.7% |
| Cash at bank and in hand | 54/58 | €3,685 | €2,577 | -€1,107 | -30.0% |
| Deferred charges and accrued income | 490/1 | €4,444 | €3,489 | -€955 | -21.5% |
| Total equity and liabilities | 10/49 | €147,539 | €101,764 | -€45,775 | -31.0% |
| Equity | 10/15 | €10,080 | -€31,571 | -€41,651 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,470 | -€50,121 | -€41,651 | -492% |
| Amounts payable | 17/49 | €137,458 | €133,335 | -€4,124 | -3.0% |
| Amounts payable after more than one year | 17 | €95,102 | €71,927 | -€23,174 | -24.4% |
| Financial debts | 170/4 | €95,102 | €71,927 | -€23,174 | -24.4% |
| Amounts payable within one year | 42/48 | €42,357 | €61,407 | +€19,051 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €23,497 | €23,174 | -€323 | -1.4% |
| Financial debts | 43 | - | €15,101 | +€15,101 | |
| Credit institutions | 430/8 | - | €15,101 | +€15,101 | |
| Trade debts | 44 | €11,052 | €10,204 | -€848 | -7.7% |
| Suppliers | 440/4 | €11,052 | €10,204 | -€848 | -7.7% |
| Taxes, remuneration and social security | 45 | €6,287 | €965 | -€5,322 | -84.6% |
| Taxes | 450/3 | €5,104 | - | -€5,104 | |
| Remuneration and social security | 454/9 | €1,183 | €965 | -€218 | -18.4% |
| Other amounts payable | 47/48 | €1,520 | €11,963 | +€10,443 | +687% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,058 | €34,373 | +€23,315 | +211% |
| Other operating charges | 640/8 | €7,004 | €3,480 | -€3,524 | -50.3% |
| Non-recurring operating charges | 66A | €2,885 | - | -€2,885 | |
| Gross operating margin | 9900 | €31,607 | €4,841 | -€26,766 | -84.7% |
| Operating profit (loss) | 9901 | €10,660 | -€33,011 | -€43,672 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €4,155 | €8,640 | +€4,485 | +108% |
| Recurring financial charges | 65 | €4,155 | €8,640 | +€4,485 | +108% |
| Profit (loss) for the period before taxes | 9903 | €6,505 | -€41,651 | -€48,157 | |
| Income taxes | 67/77 | €2,557 | -€0 | -€2,557 | |
| Profit (loss) for the period | 9904 | €3,949 | -€41,651 | -€45,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,949 | -€41,651 | -€45,600 |
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 13 October 2026 via checked.be.