CB ADVISORY: 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.
CB ADVISORY
Largest movements
- Cash +€129,013
up €129,013 (+157.4%), from €81,979 to €210,993
mainly Net result for the year (+€91,257) and Receivables within one year (+€71,594)
- Receivables within one year -€71,594
down €71,594 (-50.3%), from €142,332 to €70,738
of which Trade receivables: -€82,842
- Tangible fixed assets -€6,820
down €6,820 (-27.6%), from €24,718 to €17,898
of which Furniture and vehicles: -€6,572
- Deferred charges and accrued income +€5,177
up €5,177 (+465.8%), from €1,111 to €6,288
- Reserves +€91,257
up €91,257 (+65.1%), from €140,112 to €231,369
- Trade debts -€31,429
down €31,429 (-98.9%), from €31,782 to €353
- Other debts -€8,914
no longer reported in 2025 (was €8,914)
- Tax, wage and social debts +€4,863
up €4,863 (+7.7%), from €63,044 to €67,907
- Gross operating margin -€7,398
down €7,398 (-5.7%), from €130,571 to €123,172
- Financial charges -€1,327
down €1,327 (-88.1%), from €1,506 to €179
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 | €250,141 | €305,917 | +€55,776 | +22.3% |
| Fixed assets | 21/28 | €24,718 | €17,898 | -€6,820 | -27.6% |
| Tangible fixed assets | 22/27 | €24,718 | €17,898 | -€6,820 | -27.6% |
| Plant, machinery and equipment | 23 | €2,389 | €2,142 | -€248 | -10.4% |
| Furniture and vehicles | 24 | €22,328 | €15,756 | -€6,572 | -29.4% |
| Current assets | 29/58 | €225,423 | €288,019 | +€62,596 | +27.8% |
| Amounts receivable within one year | 40/41 | €142,332 | €70,738 | -€71,594 | -50.3% |
| Trade receivables | 40 | €141,925 | €59,083 | -€82,842 | -58.4% |
| Other amounts receivable | 41 | €407 | €11,655 | +€11,248 | +2760.9% |
| Cash at bank and in hand | 54/58 | €81,979 | €210,993 | +€129,013 | +157.4% |
| Deferred charges and accrued income | 490/1 | €1,111 | €6,288 | +€5,177 | +465.8% |
| Total equity and liabilities | 10/49 | €250,141 | €305,917 | +€55,776 | +22.3% |
| Equity | 10/15 | €145,112 | €236,369 | +€91,257 | +62.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €140,112 | €231,369 | +€91,257 | +65.1% |
| Distributable reserves | 133 | €140,112 | €231,369 | +€91,257 | +65.1% |
| Amounts payable | 17/49 | €105,029 | €69,548 | -€35,481 | -33.8% |
| Amounts payable within one year | 42/48 | €103,741 | €68,260 | -€35,481 | -34.2% |
| Trade debts | 44 | €31,782 | €353 | -€31,429 | -98.9% |
| Suppliers | 440/4 | €31,782 | €353 | -€31,429 | -98.9% |
| Taxes, remuneration and social security | 45 | €63,044 | €67,907 | +€4,863 | +7.7% |
| Taxes | 450/3 | €63,044 | €67,907 | +€4,863 | +7.7% |
| Other amounts payable | 47/48 | €8,914 | - | -€8,914 | |
| Accrued charges and deferred income | 492/3 | €1,288 | €1,288 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,658 | €6,820 | +€162 | +2.4% |
| Other operating charges | 640/8 | €373 | €132 | -€241 | -64.6% |
| Gross operating margin | 9900 | €130,571 | €123,172 | -€7,398 | -5.7% |
| Operating profit (loss) | 9901 | €123,539 | €116,220 | -€7,319 | -5.9% |
| Financial income | 75/76B | €201 | €1,036 | +€835 | +416.0% |
| Recurring financial income | 75 | €201 | €1,036 | +€835 | +416.0% |
| Financial charges | 65/66B | €1,506 | €179 | -€1,327 | -88.1% |
| Recurring financial charges | 65 | €1,506 | €179 | -€1,327 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €122,234 | €117,077 | -€5,157 | -4.2% |
| Income taxes | 67/77 | €26,947 | €25,820 | -€1,127 | -4.2% |
| Profit (loss) for the period | 9904 | €95,287 | €91,257 | -€4,030 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,287 | €91,257 | -€4,030 | -4.2% |
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.