CB Invest: what changed
What changed
CB Invest
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
filed annual accounts (NBB)
Net result for the year
€365,401
2025 · €313,282+€52,119
Equity
€4.9m
2025 · €4.5m+€365,401
Cash
€26,321
2025 · €421,525-€395,204
Balance sheet total
€17.7m
2025 · €16.3m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€4.5m
up €4.5m (+83.7%), from €5.4m to €9.9m
of which Land and buildings: +€4.5m
- Stocks and contracts -€4.1m
down €4.1m (-42.6%), from €9.7m to €5.6m
of which Stocks: -€2.8m
- Receivables within one year +€565,222
up €565,222 (+78.7%), from €718,201 to €1.3m
of which Other amounts receivable: +€620,670
- Current investments +€534,350
new in 2026: €534,350
- Cash -€395,204
down €395,204 (-93.8%), from €421,525 to €26,321
mainly Investment in fixed assets (net) (-€4.8m) and Short-term financial debts (-€2.1m)
Equity and liabilities
- Debts after one year +€4.2m
up €4.2m (+139%), from €3.0m to €7.3m
of which Financial debts: +€4.2m
- Short-term financial debts -€2.1m
down €2.1m (-32.1%), from €6.4m to €4.4m
- Advances received -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Reserves +€365,401
up €365,401 (+8.2%), from €4.5m to €4.8m
of which Distributable reserves: +€365,401
- Current portion of long-term debt +€299,718
up €299,718 (+103%), from €290,240 to €589,957
Income statement
- Gross operating margin -€108,690
down €108,690 (-12.4%), from €875,229 to €766,540
- Financial income +€104,598
up €104,598 (+52.3%), from €200,003 to €304,601
- Financial charges -€63,588
down €63,588 (-18.6%), from €340,972 to €277,384
- Depreciation +€29,665
up €29,665 (+11.7%), from €254,285 to €283,950
- Other operating charges -€13,079
down €13,079 (-14.0%), from €93,154 to €80,076
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€313,282
Gross operating margin
-€108,690
Depreciation
-€29,665
Other operating charges
+€13,079
Financial income
+€104,598
Financial charges
+€63,588
Taxes
+€9,209
Result 2026
€365,401
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.5m
Investment
-€5.3m
Financing
+€2.5m
Cash 2025
€421,525
From operations (derived)
+€2.5m
Net result for the year
+€365,401
Depreciation
+€283,950
Receivables after one year
-€202,000
Stocks and contracts
+€4.1m
Receivables within one year
-€565,222
Deferred charges and accrued income
-€88,815
Trade debts
+€222,450
Tax, wage and social debts
+€91,333
Advances received
-€1.5m
Other debts
-€284,623
Accrued charges and deferred income
-€4,140
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€4.8m
Current investments
-€534,350
Financing
+€2.5m
Debts after one year
+€4.2m
Current portion of long-term debt
+€299,718
Short-term financial debts
-€2.1m
Cash 2026
€26,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,333,788 | €17,707,463 | +€1.4m | +8.4% |
| Fixed assets | 21/28 | €5,421,065 | €9,933,505 | +€4.5m | +83.2% |
| Tangible fixed assets | 22/27 | €5,385,065 | €9,892,505 | +€4.5m | +83.7% |
| Land and buildings | 22 | €5,282,538 | €9,806,918 | +€4.5m | +85.6% |
| Plant, machinery and equipment | 23 | €768 | €408 | -€360 | -46.9% |
| Furniture and vehicles | 24 | €10,809 | €4,166 | -€6,643 | -61.5% |
| Leasing and similar rights | 25 | €90,950 | €81,013 | -€9,936 | -10.9% |
| Financial fixed assets | 28 | €36,000 | €41,000 | +€5,000 | +13.9% |
| Current assets | 29/58 | €10,912,723 | €7,773,959 | -€3.1m | -28.8% |
| Amounts receivable after more than one year | 29 | €58,850 | €260,850 | +€202,000 | +343% |
| Trade receivables | 290 | €58,850 | €260,850 | +€202,000 | +343% |
| Stocks and contracts in progress | 3 | €9,714,147 | €5,580,199 | -€4.1m | -42.6% |
| Stocks | 30/36 | €8,373,029 | €5,580,199 | -€2.8m | -33.4% |
| Contracts in progress | 37 | €1,341,117 | €0 | -€1.3m | -100% |
| Amounts receivable within one year | 40/41 | €718,201 | €1,283,423 | +€565,222 | +78.7% |
| Trade receivables | 40 | €718,201 | €662,753 | -€55,448 | -7.7% |
| Other amounts receivable | 41 | €0 | €620,670 | +€620,670 | |
| Current investments | 50/53 | - | €534,350 | +€534,350 | |
| Cash at bank and in hand | 54/58 | €421,525 | €26,321 | -€395,204 | -93.8% |
| Deferred charges and accrued income | 490/1 | €0 | €88,815 | +€88,815 | |
| Total equity and liabilities | 10/49 | €16,333,788 | €17,707,463 | +€1.4m | +8.4% |
| Equity | 10/15 | €4,489,680 | €4,855,081 | +€365,401 | +8.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €4,470,930 | €4,836,331 | +€365,401 | +8.2% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,598 | €2,598 | = | 0.0% |
| Distributable reserves | 133 | €4,466,457 | €4,831,858 | +€365,401 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,844,107 | €12,852,382 | +€1.0m | +8.5% |
| Amounts payable after more than one year | 17 | €3,045,053 | €7,281,648 | +€4.2m | +139% |
| Financial debts | 170/4 | €2,988,506 | €7,200,102 | +€4.2m | +141% |
| Other amounts payable | 178/9 | €56,547 | €81,547 | +€25,000 | +44.2% |
| Amounts payable within one year | 42/48 | €8,794,914 | €5,570,734 | -€3.2m | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €290,240 | €589,957 | +€299,718 | +103% |
| Financial debts | 43 | €6,448,902 | €4,381,709 | -€2.1m | -32.1% |
| Credit institutions | 430/8 | €6,448,902 | €4,381,709 | -€2.1m | -32.1% |
| Trade debts | 44 | €40,036 | €262,485 | +€222,450 | +556% |
| Suppliers | 440/4 | €40,036 | €262,485 | +€222,450 | +556% |
| Advances received on contracts in progress | 46 | €1,485,865 | €0 | -€1.5m | -100% |
| Taxes, remuneration and social security | 45 | €111,749 | €203,082 | +€91,333 | +81.7% |
| Taxes | 450/3 | €111,749 | €203,082 | +€91,333 | +81.7% |
| Other amounts payable | 47/48 | €418,123 | €133,500 | -€284,623 | -68.1% |
| Accrued charges and deferred income | 492/3 | €4,140 | €0 | -€4,140 | -100% |
| Non-recurring operating income | 76A | - | €44,695 | +€44,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,285 | €283,950 | +€29,665 | +11.7% |
| Other operating charges | 640/8 | €93,154 | €80,076 | -€13,079 | -14.0% |
| Gross operating margin | 9900 | €875,229 | €766,540 | -€108,690 | -12.4% |
| Operating profit (loss) | 9901 | €527,790 | €402,514 | -€125,276 | -23.7% |
| Financial income | 75/76B | €200,003 | €304,601 | +€104,598 | +52.3% |
| Recurring financial income | 75 | €200,003 | €304,601 | +€104,598 | +52.3% |
| Financial charges | 65/66B | €340,972 | €277,384 | -€63,588 | -18.6% |
| Recurring financial charges | 65 | €340,972 | €277,384 | -€63,588 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €386,820 | €429,731 | +€42,910 | +11.1% |
| Income taxes | 67/77 | €73,538 | €64,330 | -€9,209 | -12.5% |
| Profit (loss) for the period | 9904 | €313,282 | €365,401 | +€52,119 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €313,282 | €365,401 | +€52,119 | +16.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.