CB ELEVEN: 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 ELEVEN
Largest movements
- Cash -€22,636
down €22,636 (-24.3%), from €93,089 to €70,454
mainly Trade debts (-€13,286) and Net result for the year (-€8,433)
- Receivables within one year -€6,763
down €6,763 (-89.8%), from €7,532 to €769
of which Trade receivables: -€6,292
- Tangible fixed assets -€1,345
down €1,345 (-42.0%), from €3,199 to €1,854
- Trade debts -€13,286
down €13,286 (-99.9%), from €13,301 to €15
- Profit (loss) carried forward -€8,433
down €8,433 (-11.1%), from €76,025 to €67,591
- Tax, wage and social debts -€7,095
no longer reported in 2025 (was €7,095)
- Accrued charges and deferred income -€2,400
no longer reported in 2025 (was €2,400)
- Gross operating margin -€36,912
down €36,912, from €29,919 to -€6,993
- Taxes -€5,719
down €5,719, from €5,719 to -€0
- Depreciation -€378
down €378 (-21.9%), from €1,723 to €1,345
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 | €103,821 | €73,077 | -€30,744 | -29.6% |
| Fixed assets | 21/28 | €3,199 | €1,854 | -€1,345 | -42.0% |
| Tangible fixed assets | 22/27 | €3,199 | €1,854 | -€1,345 | -42.0% |
| Furniture and vehicles | 24 | €3,199 | €1,854 | -€1,345 | -42.0% |
| Current assets | 29/58 | €100,622 | €71,223 | -€29,399 | -29.2% |
| Amounts receivable within one year | 40/41 | €7,532 | €769 | -€6,763 | -89.8% |
| Trade receivables | 40 | €6,292 | - | -€6,292 | |
| Other amounts receivable | 41 | €1,240 | €769 | -€471 | -38.0% |
| Cash at bank and in hand | 54/58 | €93,089 | €70,454 | -€22,636 | -24.3% |
| Total equity and liabilities | 10/49 | €103,821 | €73,077 | -€30,744 | -29.6% |
| Equity | 10/15 | €81,025 | €72,591 | -€8,433 | -10.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,025 | €67,591 | -€8,433 | -11.1% |
| Amounts payable | 17/49 | €22,796 | €486 | -€22,310 | -97.9% |
| Amounts payable within one year | 42/48 | €20,396 | €486 | -€19,910 | -97.6% |
| Trade debts | 44 | €13,301 | €15 | -€13,286 | -99.9% |
| Suppliers | 440/4 | €13,301 | €15 | -€13,286 | -99.9% |
| Taxes, remuneration and social security | 45 | €7,095 | - | -€7,095 | |
| Taxes | 450/3 | €7,095 | - | -€7,095 | |
| Other amounts payable | 47/48 | - | €471 | +€471 | |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,723 | €1,345 | -€378 | -21.9% |
| Gross operating margin | 9900 | €29,919 | -€6,993 | -€36,912 | |
| Operating profit (loss) | 9901 | €28,197 | -€8,338 | -€36,534 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +300.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300.0% |
| Financial charges | 65/66B | €147 | €96 | -€51 | -34.9% |
| Recurring financial charges | 65 | €147 | €96 | -€51 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €28,049 | -€8,433 | -€36,483 | |
| Income taxes | 67/77 | €5,719 | -€0 | -€5,719 | |
| Profit (loss) for the period | 9904 | €22,330 | -€8,433 | -€30,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,330 | -€8,433 | -€30,764 |
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 5 October 2026 via checked.be.