CB 109 MANAGEMENT: 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 109 MANAGEMENT
Largest movements
- Receivables within one year +€77,088
up €77,088 (+48.7%), from €158,342 to €235,430
of which Other amounts receivable: +€49,770
- Tangible fixed assets -€8,949
down €8,949 (-42.5%), from €21,043 to €12,094
of which Furniture and vehicles: -€8,262
- Reserves +€66,000
up €66,000 (+37.3%), from €176,936 to €242,936
of which Distributable reserves: +€66,000
- Trade debts +€32,316
up €32,316 (+386%), from €8,366 to €40,682
- Tax, wage and social debts -€24,551
down €24,551 (-47.8%), from €51,369 to €26,818
- Current portion of long-term debt -€5,455
down €5,455 (-85.3%), from €6,391 to €936
- Gross operating margin +€16,633
up €16,633 (+18.7%), from €88,809 to €105,442
- Taxes +€8,689
up €8,689 (+31.7%), from €27,433 to €36,122
- Other operating charges -€1,547
down €1,547 (-68.6%), from €2,256 to €710
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 | €277,462 | €346,173 | +€68,712 | +24.8% |
| Fixed assets | 21/28 | €21,043 | €12,094 | -€8,949 | -42.5% |
| Tangible fixed assets | 22/27 | €21,043 | €12,094 | -€8,949 | -42.5% |
| Furniture and vehicles | 24 | €20,356 | €12,094 | -€8,262 | -40.6% |
| Leasing and similar rights | 25 | €687 | - | -€687 | |
| Current assets | 29/58 | €256,419 | €334,080 | +€77,661 | +30.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,342 | €235,430 | +€77,088 | +48.7% |
| Trade receivables | 40 | €4,947 | €32,264 | +€27,317 | +552% |
| Other amounts receivable | 41 | €153,395 | €203,166 | +€49,770 | +32.4% |
| Cash at bank and in hand | 54/58 | €67,395 | €67,902 | +€507 | +0.8% |
| Deferred charges and accrued income | 490/1 | €681 | €748 | +€67 | +9.8% |
| Total equity and liabilities | 10/49 | €277,462 | €346,173 | +€68,712 | +24.8% |
| Equity | 10/15 | €211,336 | €277,337 | +€66,001 | +31.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,936 | €242,936 | +€66,000 | +37.3% |
| Non-distributable reserves | 130/1 | €236 | €236 | = | 0.0% |
| Reserves not available under the articles | 1311 | €236 | €236 | = | 0.0% |
| Distributable reserves | 133 | €176,700 | €242,700 | +€66,000 | +37.4% |
| Profit (loss) carried forward | 14 | €22,000 | €22,001 | +€1 | 0.0% |
| Amounts payable | 17/49 | €66,126 | €68,836 | +€2,710 | +4.1% |
| Amounts payable within one year | 42/48 | €66,126 | €68,437 | +€2,311 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,391 | €936 | -€5,455 | -85.3% |
| Trade debts | 44 | €8,366 | €40,682 | +€32,316 | +386% |
| Suppliers | 440/4 | €8,366 | €40,682 | +€32,316 | +386% |
| Taxes, remuneration and social security | 45 | €51,369 | €26,818 | -€24,551 | -47.8% |
| Taxes | 450/3 | €51,369 | €26,818 | -€24,551 | -47.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,644 | €11,691 | +€47 | +0.4% |
| Other operating charges | 640/8 | €2,256 | €710 | -€1,547 | -68.6% |
| Gross operating margin | 9900 | €88,809 | €105,442 | +€16,633 | +18.7% |
| Operating profit (loss) | 9901 | €74,909 | €93,042 | +€18,133 | +24.2% |
| Financial income | 75/76B | €8,892 | €9,677 | +€785 | +8.8% |
| Recurring financial income | 75 | €8,892 | €9,677 | +€785 | +8.8% |
| Financial charges | 65/66B | €764 | €595 | -€169 | -22.2% |
| Recurring financial charges | 65 | €764 | €595 | -€169 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €83,036 | €102,123 | +€19,087 | +23.0% |
| Income taxes | 67/77 | €27,433 | €36,122 | +€8,689 | +31.7% |
| Profit (loss) for the period | 9904 | €55,603 | €66,001 | +€10,398 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,603 | €66,001 | +€10,398 | +18.7% |
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 30 October 2026 via checked.be.