CB Groep: 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 Groep
Largest movements
- Stocks and contracts +€466,267
up €466,267 (+74.4%), from €626,448 to €1.1m
of which Stocks: +€277,767
- Current investments +€337,757
up €337,757 (+2117.3%), from €15,952 to €353,710
- Cash -€187,502
down €187,502 (-22.8%), from €823,867 to €636,365
mainly Stocks and contracts (-€466,267) and Current investments (-€337,757)
- Receivables within one year +€176,641
up €176,641 (+20.2%), from €876,262 to €1.1m
of which Other amounts receivable: +€90,107
- Tangible fixed assets +€70,458
up €70,458 (+6.3%), from €1.1m to €1.2m
of which Furniture and vehicles: +€95,923
- Reserves +€827,209
up €827,209 (+54.4%), from €1.5m to €2.3m
- Tax, wage and social debts -€229,054
down €229,054 (-53.7%), from €426,852 to €197,799
of which Taxes: -€241,094
- Trade debts +€173,739
up €173,739 (+75.7%), from €229,627 to €403,365
- Advances received +€153,243
up €153,243 (+49.0%), from €312,693 to €465,936
- Short-term financial debts +€146,565
up €146,565, from €0 to €146,565
of which Other loans: +€146,565
- Gross operating margin +€586,942
up €586,942 (+27.8%), from €2.1m to €2.7m
- Staff costs +€494,026
up €494,026 (+50.3%), from €981,543 to €1.5m
- Taxes -€44,680
down €44,680 (-20.4%), from €219,510 to €174,830
- Depreciation +€31,607
up €31,607 (+17.7%), from €178,407 to €210,014
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 | €3,661,711 | €4,484,935 | +€823,224 | +22.5% |
| Fixed assets | 21/28 | €1,288,367 | €1,324,308 | +€35,940 | +2.8% |
| Intangible fixed assets | 21 | €166,833 | €132,316 | -€34,517 | -20.7% |
| Tangible fixed assets | 22/27 | €1,117,926 | €1,188,384 | +€70,458 | +6.3% |
| Land and buildings | 22 | €815,169 | €760,457 | -€54,712 | -6.7% |
| Plant, machinery and equipment | 23 | €122,890 | €168,579 | +€45,689 | +37.2% |
| Furniture and vehicles | 24 | €163,425 | €259,348 | +€95,923 | +58.7% |
| Leasing and similar rights | 25 | €16,442 | €0 | -€16,442 | -100.0% |
| Financial fixed assets | 28 | €3,608 | €3,608 | = | 0.0% |
| Current assets | 29/58 | €2,373,344 | €3,160,627 | +€787,283 | +33.2% |
| Stocks and contracts in progress | 3 | €626,448 | €1,092,715 | +€466,267 | +74.4% |
| Stocks | 30/36 | €567,448 | €845,215 | +€277,767 | +49.0% |
| Contracts in progress | 37 | €59,000 | €247,500 | +€188,500 | +319.5% |
| Amounts receivable within one year | 40/41 | €876,262 | €1,052,903 | +€176,641 | +20.2% |
| Trade receivables | 40 | €874,432 | €960,966 | +€86,534 | +9.9% |
| Other amounts receivable | 41 | €1,830 | €91,937 | +€90,107 | +4924.2% |
| Current investments | 50/53 | €15,952 | €353,710 | +€337,757 | +2117.3% |
| Cash at bank and in hand | 54/58 | €823,867 | €636,365 | -€187,502 | -22.8% |
| Deferred charges and accrued income | 490/1 | €30,814 | €24,934 | -€5,880 | -19.1% |
| Total equity and liabilities | 10/49 | €3,661,711 | €4,484,935 | +€823,224 | +22.5% |
| Equity | 10/15 | €1,569,388 | €2,396,597 | +€827,209 | +52.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,519,388 | €2,346,597 | +€827,209 | +54.4% |
| Distributable reserves | 133 | €1,519,388 | €2,346,597 | +€827,209 | +54.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,092,323 | €2,088,337 | -€3,985 | -0.2% |
| Amounts payable after more than one year | 17 | €782,172 | €675,070 | -€107,102 | -13.7% |
| Financial debts | 170/4 | €737,172 | €675,070 | -€62,102 | -8.4% |
| Other amounts payable | 178/9 | €45,000 | - | -€45,000 | |
| Amounts payable within one year | 42/48 | €1,301,705 | €1,413,268 | +€111,563 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €207,369 | €199,602 | -€7,767 | -3.7% |
| Financial debts | 43 | €0 | €146,565 | +€146,565 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | - | €146,565 | +€146,565 | |
| Trade debts | 44 | €229,627 | €403,365 | +€173,739 | +75.7% |
| Suppliers | 440/4 | €229,627 | €403,365 | +€173,739 | +75.7% |
| Advances received on contracts in progress | 46 | €312,693 | €465,936 | +€153,243 | +49.0% |
| Taxes, remuneration and social security | 45 | €426,852 | €197,799 | -€229,054 | -53.7% |
| Taxes | 450/3 | €354,110 | €113,016 | -€241,094 | -68.1% |
| Remuneration and social security | 454/9 | €72,742 | €84,783 | +€12,041 | +16.6% |
| Other amounts payable | 47/48 | €125,163 | €0 | -€125,163 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,446 | €0 | -€8,446 | -100.0% |
| Non-recurring operating income | 76A | - | €6,653 | +€6,653 | |
| Remuneration, social security and pensions | 62 | €981,543 | €1,475,569 | +€494,026 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,407 | €210,014 | +€31,607 | +17.7% |
| Other operating charges | 640/8 | €15,394 | €16,603 | +€1,209 | +7.9% |
| Gross operating margin | 9900 | €2,113,176 | €2,700,118 | +€586,942 | +27.8% |
| Operating profit (loss) | 9901 | €937,832 | €997,933 | +€60,100 | +6.4% |
| Financial income | 75/76B | €11,897 | €21,925 | +€10,027 | +84.3% |
| Recurring financial income | 75 | €11,897 | €21,925 | +€10,027 | +84.3% |
| Financial charges | 65/66B | €26,147 | €17,818 | -€8,329 | -31.9% |
| Recurring financial charges | 65 | €26,147 | €17,818 | -€8,329 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €923,583 | €1,002,039 | +€78,456 | +8.5% |
| Income taxes | 67/77 | €219,510 | €174,830 | -€44,680 | -20.4% |
| Profit (loss) for the period | 9904 | €704,073 | €827,209 | +€123,136 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €704,073 | €827,209 | +€123,136 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.