CB-I: 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-I
Largest movements
- Intangible fixed assets -€10,445
no longer reported in 2025 (was €10,445)
- Stocks and contracts +€9,259
up €9,259 (+45.0%), from €20,591 to €29,850
- Cash +€7,863
up €7,863 (+36.2%), from €21,729 to €29,592
mainly Net result for the year (+€39,472) and Depreciation (+€18,095)
- Tangible fixed assets -€7,650
down €7,650 (-18.7%), from €40,812 to €33,162
of which Plant, machinery and equipment: -€5,951
- Receivables within one year +€3,161
up €3,161 (+1.9%), from €163,401 to €166,561
- Tax, wage and social debts -€4,433
down €4,433 (-29.5%), from €15,003 to €10,570
of which Remuneration and social security: -€5,305
- Other debts +€3,000
up €3,000 (+8.3%), from €36,000 to €39,000
- Gross operating margin -€18,003
down €18,003 (-9.6%), from €187,486 to €169,483
- Staff costs -€13,329
down €13,329 (-11.8%), from €112,491 to €99,163
- Depreciation -€2,194
down €2,194 (-10.8%), from €20,289 to €18,095
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 | €263,265 | €265,616 | +€2,351 | +0.9% |
| Fixed assets | 21/28 | €51,258 | €33,162 | -€18,095 | -35.3% |
| Intangible fixed assets | 21 | €10,445 | - | -€10,445 | |
| Tangible fixed assets | 22/27 | €40,812 | €33,162 | -€7,650 | -18.7% |
| Plant, machinery and equipment | 23 | €36,790 | €30,839 | -€5,951 | -16.2% |
| Furniture and vehicles | 24 | €4,022 | €2,323 | -€1,699 | -42.2% |
| Current assets | 29/58 | €212,007 | €232,454 | +€20,446 | +9.6% |
| Stocks and contracts in progress | 3 | €20,591 | €29,850 | +€9,259 | +45.0% |
| Contracts in progress | 37 | €20,591 | €29,850 | +€9,259 | +45.0% |
| Amounts receivable within one year | 40/41 | €163,401 | €166,561 | +€3,161 | +1.9% |
| Trade receivables | 40 | €163,401 | €166,561 | +€3,161 | +1.9% |
| Cash at bank and in hand | 54/58 | €21,729 | €29,592 | +€7,863 | +36.2% |
| Deferred charges and accrued income | 490/1 | €6,286 | €6,450 | +€164 | +2.6% |
| Total equity and liabilities | 10/49 | €263,265 | €265,616 | +€2,351 | +0.9% |
| Equity | 10/15 | €109,000 | €109,472 | +€472 | +0.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €69,000 | €69,472 | +€472 | +0.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €50,250 | €50,722 | +€472 | +0.9% |
| Amounts payable | 17/49 | €154,265 | €156,144 | +€1,880 | +1.2% |
| Amounts payable within one year | 42/48 | €154,265 | €156,144 | +€1,880 | +1.2% |
| Trade debts | 44 | €103,262 | €105,826 | +€2,564 | +2.5% |
| Suppliers | 440/4 | €103,262 | €105,826 | +€2,564 | +2.5% |
| Advances received on contracts in progress | 46 | - | €748 | +€748 | |
| Taxes, remuneration and social security | 45 | €15,003 | €10,570 | -€4,433 | -29.5% |
| Taxes | 450/3 | €3,060 | €3,932 | +€872 | +28.5% |
| Remuneration and social security | 454/9 | €11,943 | €6,639 | -€5,305 | -44.4% |
| Other amounts payable | 47/48 | €36,000 | €39,000 | +€3,000 | +8.3% |
| Remuneration, social security and pensions | 62 | €112,491 | €99,163 | -€13,329 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,289 | €18,095 | -€2,194 | -10.8% |
| Other operating charges | 640/8 | €2,131 | €528 | -€1,603 | -75.2% |
| Gross operating margin | 9900 | €187,486 | €169,483 | -€18,003 | -9.6% |
| Operating profit (loss) | 9901 | €52,575 | €51,697 | -€878 | -1.7% |
| Financial income | 75/76B | €649 | €1,366 | +€718 | +110.7% |
| Recurring financial income | 75 | €649 | €1,366 | +€718 | +110.7% |
| Financial charges | 65/66B | €1,448 | €1,142 | -€305 | -21.1% |
| Recurring financial charges | 65 | €1,448 | €1,142 | -€305 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €51,776 | €51,921 | +€145 | +0.3% |
| Income taxes | 67/77 | €12,245 | €12,450 | +€204 | +1.7% |
| Profit (loss) for the period | 9904 | €39,530 | €39,472 | -€59 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,530 | €39,472 | -€59 | -0.1% |
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 6 October 2026 via checked.be.