CB POWER: 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 POWER
Largest movements
- Tangible fixed assets -€27,159
down €27,159 (-8.5%), from €317,824 to €290,665
- Cash +€4,743
up €4,743 (+29.3%), from €16,163 to €20,905
mainly Depreciation (+€28,316) and Net result for the year (+€12,252)
- Intangible fixed assets +€3,743
new in 2025: €3,743
- Current portion of long-term debt -€18,335
down €18,335 (-65.6%), from €27,959 to €9,624
- Reserves +€12,252
up €12,252 (+21.0%), from €58,381 to €70,632
- Debts after one year -€9,624
down €9,624 (-9.9%), from €97,454 to €87,830
- Other debts -€4,409
down €4,409 (-5.3%), from €82,657 to €78,249
- Gross operating margin -€8,262
down €8,262 (-12.4%), from €66,854 to €58,592
- Depreciation -€5,052
down €5,052 (-15.1%), from €33,368 to €28,316
- Taxes -€1,534
down €1,534 (-14.3%), from €10,690 to €9,156
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 | €339,219 | €318,313 | -€20,906 | -6.2% |
| Fixed assets | 21/28 | €317,824 | €294,408 | -€23,416 | -7.4% |
| Intangible fixed assets | 21 | - | €3,743 | +€3,743 | |
| Tangible fixed assets | 22/27 | €317,824 | €290,665 | -€27,159 | -8.5% |
| Land and buildings | 22 | €282,091 | €272,270 | -€9,821 | -3.5% |
| Plant, machinery and equipment | 23 | €4,971 | €976 | -€3,995 | -80.4% |
| Furniture and vehicles | 24 | €2,432 | €1,823 | -€608 | -25.0% |
| Leasing and similar rights | 25 | €28,331 | €15,596 | -€12,735 | -45.0% |
| Current assets | 29/58 | €21,395 | €23,905 | +€2,510 | +11.7% |
| Amounts receivable within one year | 40/41 | €3,150 | €204 | -€2,946 | -93.5% |
| Trade receivables | 40 | €3,150 | €0 | -€3,150 | -100.0% |
| Other amounts receivable | 41 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | €16,163 | €20,905 | +€4,743 | +29.3% |
| Deferred charges and accrued income | 490/1 | €2,082 | €2,796 | +€714 | +34.3% |
| Total equity and liabilities | 10/49 | €339,219 | €318,313 | -€20,906 | -6.2% |
| Equity | 10/15 | €108,513 | €120,765 | +€12,252 | +11.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €58,381 | €70,632 | +€12,252 | +21.0% |
| Distributable reserves | 133 | €58,381 | €70,632 | +€12,252 | +21.0% |
| Profit (loss) carried forward | 14 | €33,932 | €33,932 | = | 0.0% |
| Amounts payable | 17/49 | €230,706 | €197,549 | -€33,157 | -14.4% |
| Amounts payable after more than one year | 17 | €97,454 | €87,830 | -€9,624 | -9.9% |
| Financial debts | 170/4 | €97,454 | €87,830 | -€9,624 | -9.9% |
| Amounts payable within one year | 42/48 | €133,252 | €109,719 | -€23,533 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €27,959 | €9,624 | -€18,335 | -65.6% |
| Trade debts | 44 | €2,978 | €763 | -€2,215 | -74.4% |
| Suppliers | 440/4 | €2,978 | €763 | -€2,215 | -74.4% |
| Taxes, remuneration and social security | 45 | €19,658 | €21,083 | +€1,425 | +7.2% |
| Taxes | 450/3 | €19,658 | €21,083 | +€1,425 | +7.2% |
| Other amounts payable | 47/48 | €82,657 | €78,249 | -€4,409 | -5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,368 | €28,316 | -€5,052 | -15.1% |
| Other operating charges | 640/8 | €4,841 | €5,004 | +€163 | +3.4% |
| Gross operating margin | 9900 | €66,854 | €58,592 | -€8,262 | -12.4% |
| Operating profit (loss) | 9901 | €28,644 | €25,272 | -€3,372 | -11.8% |
| Financial income | 75/76B | €51 | €50 | -€1 | -1.5% |
| Recurring financial income | 75 | €51 | €50 | -€1 | -1.5% |
| Financial charges | 65/66B | €4,045 | €3,915 | -€129 | -3.2% |
| Recurring financial charges | 65 | €4,045 | €3,915 | -€129 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €24,651 | €21,407 | -€3,244 | -13.2% |
| Income taxes | 67/77 | €10,690 | €9,156 | -€1,534 | -14.3% |
| Profit (loss) for the period | 9904 | €13,961 | €12,252 | -€1,710 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,961 | €12,252 | -€1,710 | -12.2% |
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 3 October 2026 via checked.be.