CB: 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.
CB
Largest movements
- Cash -€164,928
down €164,928 (-68.1%), from €242,174 to €77,246
mainly Contributions, distributions and other (-€292,744) and Current investments (-€148,980)
- Current investments +€148,980
up €148,980 (+222%), from €67,000 to €215,980
- Profit (loss) carried forward -€165,834
down €165,834 (-100%), from €165,834 to €0
- Other debts +€161,395
up €161,395 (+90.1%), from €179,134 to €340,529
- Tax, wage and social debts -€6,083
down €6,083 (-28.7%), from €21,215 to €15,133
- Gross operating margin -€21,259
down €21,259 (-10.9%), from €194,707 to €173,448
- Taxes -€6,133
down €6,133 (-14.1%), from €43,521 to €37,388
- Depreciation +€1,960
up €1,960 (+49.2%), from €3,980 to €5,940
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 | €381,277 | €367,285 | -€13,992 | -3.7% |
| Fixed assets | 21/28 | €43,093 | €45,946 | +€2,853 | +6.6% |
| Tangible fixed assets | 22/27 | €43,093 | €45,946 | +€2,853 | +6.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €3,546 | +€3,546 | |
| Other tangible fixed assets | 26 | €17,390 | €42,400 | +€25,010 | +144% |
| Assets under construction and advance payments | 27 | €25,703 | €0 | -€25,703 | -100% |
| Current assets | 29/58 | €338,184 | €321,340 | -€16,845 | -5.0% |
| Amounts receivable within one year | 40/41 | €21,820 | €23,842 | +€2,023 | +9.3% |
| Trade receivables | 40 | €21,594 | €22,290 | +€696 | +3.2% |
| Other amounts receivable | 41 | €226 | €1,552 | +€1,326 | +586% |
| Current investments | 50/53 | €67,000 | €215,980 | +€148,980 | +222% |
| Cash at bank and in hand | 54/58 | €242,174 | €77,246 | -€164,928 | -68.1% |
| Deferred charges and accrued income | 490/1 | €7,191 | €4,271 | -€2,919 | -40.6% |
| Total equity and liabilities | 10/49 | €381,277 | €367,285 | -€13,992 | -3.7% |
| Equity | 10/15 | €168,834 | €3,000 | -€165,834 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,834 | €0 | -€165,834 | -100% |
| Amounts payable | 17/49 | €212,444 | €364,285 | +€151,842 | +71.5% |
| Amounts payable within one year | 42/48 | €206,498 | €358,530 | +€152,032 | +73.6% |
| Trade debts | 44 | €6,149 | €2,869 | -€3,281 | -53.4% |
| Suppliers | 440/4 | €6,149 | €2,869 | -€3,281 | -53.4% |
| Taxes, remuneration and social security | 45 | €21,215 | €15,133 | -€6,083 | -28.7% |
| Taxes | 450/3 | €21,215 | €15,133 | -€6,083 | -28.7% |
| Other amounts payable | 47/48 | €179,134 | €340,529 | +€161,395 | +90.1% |
| Accrued charges and deferred income | 492/3 | €5,946 | €5,755 | -€190 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,980 | €5,940 | +€1,960 | +49.2% |
| Other operating charges | 640/8 | €742 | €379 | -€363 | -48.9% |
| Gross operating margin | 9900 | €194,707 | €173,448 | -€21,259 | -10.9% |
| Operating profit (loss) | 9901 | €189,985 | €167,129 | -€22,856 | -12.0% |
| Financial income | 75/76B | €4,253 | €3,135 | -€1,117 | -26.3% |
| Recurring financial income | 75 | €4,253 | €3,135 | -€1,117 | -26.3% |
| Financial charges | 65/66B | €6,023 | €5,966 | -€57 | -0.9% |
| Recurring financial charges | 65 | €6,023 | €5,966 | -€57 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €188,215 | €164,299 | -€23,916 | -12.7% |
| Income taxes | 67/77 | €43,521 | €37,388 | -€6,133 | -14.1% |
| Profit (loss) for the period | 9904 | €144,694 | €126,911 | -€17,783 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €144,694 | €126,911 | -€17,783 | -12.3% |
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 24 October 2026 via checked.be.