CB-LAW: 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.
CB-LAW
Largest movements
- Tangible fixed assets +€21,470
up €21,470 (+20.7%), from €103,687 to €125,158
of which Land and buildings: +€17,290
- Receivables within one year -€7,838
down €7,838 (-19.9%), from €39,433 to €31,595
- Cash -€4,207
down €4,207 (-16.6%), from €25,326 to €21,119
mainly Investment in fixed assets (net) (-€25,223) and Debts after one year (-€7,951)
- Reserves +€14,836
up €14,836 (+29.8%), from €49,822 to €64,658
- Debts after one year -€7,951
down €7,951 (-9.7%), from €81,690 to €73,738
- Depreciation -€9,371
down €9,371 (-71.4%), from €13,123 to €3,752
- Gross operating margin -€4,793
down €4,793 (-13.6%), from €35,277 to €30,483
- Financial charges +€1,770
up €1,770 (+62.8%), from €2,818 to €4,588
- Taxes +€718
up €718 (+12.8%), from €5,602 to €6,320
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,306 | €178,933 | +€8,627 | +5.1% |
| Fixed assets | 21/28 | €103,687 | €125,158 | +€21,470 | +20.7% |
| Tangible fixed assets | 22/27 | €103,687 | €125,158 | +€21,470 | +20.7% |
| Land and buildings | 22 | €103,327 | €120,617 | +€17,290 | +16.7% |
| Plant, machinery and equipment | 23 | €360 | - | -€360 | |
| Furniture and vehicles | 24 | - | €4,541 | +€4,541 | |
| Current assets | 29/58 | €66,619 | €53,775 | -€12,843 | -19.3% |
| Amounts receivable within one year | 40/41 | €39,433 | €31,595 | -€7,838 | -19.9% |
| Trade receivables | 40 | €39,433 | €31,595 | -€7,838 | -19.9% |
| Cash at bank and in hand | 54/58 | €25,326 | €21,119 | -€4,207 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,859 | €1,062 | -€798 | -42.9% |
| Total equity and liabilities | 10/49 | €170,306 | €178,933 | +€8,627 | +5.1% |
| Equity | 10/15 | €62,222 | €77,058 | +€14,836 | +23.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,822 | €64,658 | +€14,836 | +29.8% |
| Distributable reserves | 133 | €49,822 | €64,658 | +€14,836 | +29.8% |
| Amounts payable | 17/49 | €108,083 | €101,875 | -€6,209 | -5.7% |
| Amounts payable after more than one year | 17 | €81,690 | €73,738 | -€7,951 | -9.7% |
| Financial debts | 170/4 | €81,690 | €73,738 | -€7,951 | -9.7% |
| Amounts payable within one year | 42/48 | €26,394 | €28,136 | +€1,743 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €7,679 | €7,951 | +€272 | +3.5% |
| Trade debts | 44 | €6,326 | €4,773 | -€1,553 | -24.5% |
| Suppliers | 440/4 | €6,326 | €4,773 | -€1,553 | -24.5% |
| Taxes, remuneration and social security | 45 | €7,892 | €9,161 | +€1,269 | +16.1% |
| Taxes | 450/3 | €7,892 | €9,161 | +€1,269 | +16.1% |
| Other amounts payable | 47/48 | €4,497 | €6,252 | +€1,755 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,123 | €3,752 | -€9,371 | -71.4% |
| Other operating charges | 640/8 | €963 | €987 | +€24 | +2.5% |
| Gross operating margin | 9900 | €35,277 | €30,483 | -€4,793 | -13.6% |
| Operating profit (loss) | 9901 | €21,190 | €25,744 | +€4,554 | +21.5% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €2,818 | €4,588 | +€1,770 | +62.8% |
| Recurring financial charges | 65 | €2,818 | €4,588 | +€1,770 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €18,408 | €21,156 | +€2,748 | +14.9% |
| Income taxes | 67/77 | €5,602 | €6,320 | +€718 | +12.8% |
| Profit (loss) for the period | 9904 | €12,805 | €14,836 | +€2,030 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,805 | €14,836 | +€2,030 | +15.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.