CB LOGIC: 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 LOGIC
Largest movements
- Tangible fixed assets -€41,438
down €41,438 (-7.0%), from €591,654 to €550,216
of which Land and buildings: -€30,328
- Cash -€9,299
down €9,299 (-36.9%), from €25,230 to €15,931
mainly Other debts (-€41,492) and Debts after one year (-€8,615)
- Other debts -€41,492
no longer reported in 2025 (was €41,492)
- Reserves +€9,493
up €9,493 (+2.6%), from €370,991 to €380,484
of which Distributable reserves: +€18,200
- Debts after one year -€8,615
down €8,615 (-9.6%), from €90,021 to €81,406
- Gross operating margin -€20,964
down €20,964 (-16.6%), from €126,000 to €105,036
- Taxes -€5,194
down €5,194 (-35.0%), from €14,822 to €9,628
- Staff costs +€4,111
up €4,111 (+12.2%), from €33,682 to €37,793
- Depreciation +€2,957
up €2,957 (+7.5%), from €39,432 to €42,389
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 | €624,273 | €575,595 | -€48,678 | -7.8% |
| Fixed assets | 21/28 | €592,214 | €550,776 | -€41,438 | -7.0% |
| Tangible fixed assets | 22/27 | €591,654 | €550,216 | -€41,438 | -7.0% |
| Land and buildings | 22 | €547,979 | €517,651 | -€30,328 | -5.5% |
| Plant, machinery and equipment | 23 | €1,791 | €1,191 | -€600 | -33.5% |
| Furniture and vehicles | 24 | €41,884 | €31,374 | -€10,510 | -25.1% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €32,059 | €24,819 | -€7,240 | -22.6% |
| Amounts receivable within one year | 40/41 | €4,624 | €7,762 | +€3,138 | +67.9% |
| Trade receivables | 40 | €4,225 | €1,500 | -€2,725 | -64.5% |
| Other amounts receivable | 41 | €399 | €6,262 | +€5,863 | +1,469% |
| Cash at bank and in hand | 54/58 | €25,230 | €15,931 | -€9,299 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,205 | €1,126 | -€1,079 | -48.9% |
| Total equity and liabilities | 10/49 | €624,273 | €575,595 | -€48,678 | -7.8% |
| Equity | 10/15 | €422,703 | €432,214 | +€9,511 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €370,991 | €380,484 | +€9,493 | +2.6% |
| Tax-exempt reserves | 132 | €83,232 | €74,525 | -€8,707 | -10.5% |
| Distributable reserves | 133 | €287,759 | €305,959 | +€18,200 | +6.3% |
| Profit (loss) carried forward | 14 | €33,120 | €33,138 | +€18 | +0.1% |
| Provisions and deferred taxes | 16 | €39,916 | €35,432 | -€4,484 | -11.2% |
| Deferred taxes | 168 | €39,916 | €35,432 | -€4,484 | -11.2% |
| Amounts payable | 17/49 | €161,654 | €107,949 | -€53,705 | -33.2% |
| Amounts payable after more than one year | 17 | €90,021 | €81,406 | -€8,615 | -9.6% |
| Financial debts | 170/4 | €90,021 | €81,406 | -€8,615 | -9.6% |
| Amounts payable within one year | 42/48 | €66,190 | €26,394 | -€39,796 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €8,473 | €8,614 | +€141 | +1.7% |
| Trade debts | 44 | €6,746 | €6,482 | -€264 | -3.9% |
| Suppliers | 440/4 | €6,746 | €6,482 | -€264 | -3.9% |
| Taxes, remuneration and social security | 45 | €9,479 | €11,298 | +€1,819 | +19.2% |
| Taxes | 450/3 | €2,454 | €4,103 | +€1,649 | +67.2% |
| Remuneration and social security | 454/9 | €7,025 | €7,195 | +€170 | +2.4% |
| Other amounts payable | 47/48 | €41,492 | - | -€41,492 | |
| Accrued charges and deferred income | 492/3 | €5,443 | €149 | -€5,294 | -97.3% |
| Remuneration, social security and pensions | 62 | €33,682 | €37,793 | +€4,111 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,432 | €42,389 | +€2,957 | +7.5% |
| Other operating charges | 640/8 | €8,038 | €8,264 | +€226 | +2.8% |
| Gross operating margin | 9900 | €126,000 | €105,036 | -€20,964 | -16.6% |
| Operating profit (loss) | 9901 | €44,848 | €16,590 | -€28,258 | -63.0% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,079 | €1,940 | -€139 | -6.7% |
| Recurring financial charges | 65 | €2,079 | €1,940 | -€139 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €42,769 | €14,656 | -€28,113 | -65.7% |
| Transfer from deferred taxes | 780 | €4,484 | €4,483 | -€1 | 0.0% |
| Income taxes | 67/77 | €14,822 | €9,628 | -€5,194 | -35.0% |
| Profit (loss) for the period | 9904 | €32,431 | €9,511 | -€22,920 | -70.7% |
| Transfer from tax-exempt reserves | 789 | €8,708 | €8,707 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,139 | €18,218 | -€22,921 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.