CB-Bouwprojecten: 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.
What changed
CB-Bouwprojecten
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€261
2024 · €820-€559
Equity
€767,541
2024 · €1.0m-€259,660
Cash
€145,931
2024 · €56,101+€89,830
Balance sheet total
€10.5m
2024 · €6.7m+€3.8m
Largest movements
Assets
- Stocks and contracts +€3.2m
up €3.2m (+51.7%), from €6.1m to €9.3m
of which Stocks: +€1.8m
- Receivables within one year +€427,053
up €427,053 (+122%), from €348,943 to €775,995
of which Other amounts receivable: +€257,422
Equity and liabilities
- Advances received +€4.9m
up €4.9m (+125%), from €3.9m to €8.7m
- Short-term financial debts -€617,159
down €617,159 (-85.8%), from €719,612 to €102,453
- Reserves -€259,660
down €259,660 (-28.2%), from €921,001 to €661,341
of which Distributable reserves: -€259,660
- Trade debts -€195,221
down €195,221 (-27.0%), from €722,207 to €526,986
Income statement
- Gross operating margin -€301,503
down €301,503, from €294,010 to -€7,493
- Staff costs -€153,933
down €153,933 (-100%), from €153,933 to €0
- Financial charges -€80,579
down €80,579 (-98.5%), from €81,806 to €1,227
- Depreciation -€20,513
down €20,513 (-100%), from €20,513 to €0
- Other operating charges -€16,261
down €16,261 (-84.1%), from €19,324 to €3,063
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.
Result 2024
€820
Gross operating margin
-€301,503
Staff costs
+€153,933
Depreciation
+€20,513
Other operating charges
+€16,261
Other operating items
+€18,272
Financial income
+€9,964
Financial charges
+€80,579
Taxes
+€1,423
Result 2025
€261
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€80,835
Financing
-€891,663
Cash 2024
€56,101
From operations (derived)
+€1.1m
Net result for the year
+€261
Receivables after one year
-€67,500
Stocks and contracts
-€3.2m
Receivables within one year
-€427,053
Smaller working-capital items
-€4,305
Trade debts
-€195,221
Advances received
+€4.9m
Other debts
+€75,722
Accrued charges and deferred income
-€25,056
Investment (derived)
-€80,835
Investment in fixed assets (net)
-€80,835
Financing
-€891,663
Debts after one year
-€7,134
Current portion of long-term debt
-€7,449
Short-term financial debts
-€617,159
Contributions, distributions and other
-€259,921
Cash 2025
€145,931
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,719,576 | €10,541,741 | +€3.8m | +56.9% |
| Fixed assets | 21/28 | €77,500 | €158,335 | +€80,835 | +104% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €77,500 | €158,335 | +€80,835 | +104% |
| Current assets | 29/58 | €6,642,077 | €10,383,407 | +€3.7m | +56.3% |
| Amounts receivable after more than one year | 29 | €124,249 | €191,749 | +€67,500 | +54.3% |
| Other amounts receivable | 291 | €124,249 | €191,749 | +€67,500 | +54.3% |
| Stocks and contracts in progress | 3 | €6,100,946 | €9,254,175 | +€3.2m | +51.7% |
| Stocks | 30/36 | €2,826,803 | €4,588,097 | +€1.8m | +62.3% |
| Contracts in progress | 37 | €3,274,143 | €4,666,078 | +€1.4m | +42.5% |
| Amounts receivable within one year | 40/41 | €348,943 | €775,995 | +€427,053 | +122% |
| Trade receivables | 40 | €324,510 | €494,141 | +€169,630 | +52.3% |
| Other amounts receivable | 41 | €24,432 | €281,855 | +€257,422 | +1,054% |
| Cash at bank and in hand | 54/58 | €56,101 | €145,931 | +€89,830 | +160% |
| Deferred charges and accrued income | 490/1 | €11,837 | €15,557 | +€3,719 | +31.4% |
| Total equity and liabilities | 10/49 | €6,719,576 | €10,541,741 | +€3.8m | +56.9% |
| Equity | 10/15 | €1,027,201 | €767,541 | -€259,660 | -25.3% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €921,001 | €661,341 | -€259,660 | -28.2% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €909,141 | €649,481 | -€259,660 | -28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,692,375 | €9,774,200 | +€4.1m | +71.7% |
| Amounts payable after more than one year | 17 | €7,134 | €0 | -€7,134 | -100% |
| Financial debts | 170/4 | €7,134 | €0 | -€7,134 | -100% |
| Amounts payable within one year | 42/48 | €5,660,186 | €9,774,200 | +€4.1m | +72.7% |
| Current portion of amounts payable after more than one year | 42 | €14,891 | €7,442 | -€7,449 | -50.0% |
| Financial debts | 43 | €719,612 | €102,453 | -€617,159 | -85.8% |
| Credit institutions | 430/8 | €719,612 | €102,453 | -€617,159 | -85.8% |
| Trade debts | 44 | €722,207 | €526,986 | -€195,221 | -27.0% |
| Suppliers | 440/4 | €722,207 | €526,986 | -€195,221 | -27.0% |
| Advances received on contracts in progress | 46 | €3,883,724 | €8,742,431 | +€4.9m | +125% |
| Taxes, remuneration and social security | 45 | €24,340 | €23,754 | -€586 | -2.4% |
| Taxes | 450/3 | €24,340 | €23,754 | -€586 | -2.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €295,413 | €371,135 | +€75,722 | +25.6% |
| Accrued charges and deferred income | 492/3 | €25,056 | €0 | -€25,056 | -100% |
| Remuneration, social security and pensions | 62 | €153,933 | €0 | -€153,933 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,513 | €0 | -€20,513 | -100% |
| Other operating charges | 640/8 | €19,324 | €3,063 | -€16,261 | -84.1% |
| Non-recurring operating charges | 66A | €18,272 | €0 | -€18,272 | -100% |
| Gross operating margin | 9900 | €294,010 | -€7,493 | -€301,503 | |
| Operating profit (loss) | 9901 | €81,968 | -€10,557 | -€92,525 | |
| Financial income | 75/76B | €2,168 | €12,132 | +€9,964 | +460% |
| Recurring financial income | 75 | €2,168 | €12,132 | +€9,964 | +460% |
| Financial charges | 65/66B | €81,806 | €1,227 | -€80,579 | -98.5% |
| Recurring financial charges | 65 | €81,806 | €1,227 | -€80,579 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €2,330 | €348 | -€1,981 | -85.1% |
| Income taxes | 67/77 | €1,510 | €87 | -€1,423 | -94.2% |
| Profit (loss) for the period | 9904 | €820 | €261 | -€559 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €820 | €261 | -€559 | -68.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.