CB PROJECTEN: what changed
CB PROJECTEN
Largest movements
- Tangible fixed assets +€21,023
up €21,023 (+87.1%), from €24,145 to €45,167
of which Leasing and similar rights: +€26,159
- Cash -€9,648
down €9,648 (-89.4%), from €10,792 to €1,144
mainly Investment in fixed assets (net) (-€32,371) and Trade debts (-€9,030)
- Receivables within one year -€5,135
down €5,135 (-37.4%), from €13,722 to €8,587
of which Trade receivables: -€4,864
- Intangible fixed assets +€2,696
up €2,696 (+449%), from €601 to €3,297
- Deferred charges and accrued income -€1,412
no longer reported in 2025 (was €1,412)
- Debts after one year +€13,121
up €13,121 (+500%), from €2,622 to €15,743
- Trade debts -€9,030
down €9,030 (-53.6%), from €16,832 to €7,802
- Reserves +€6,000
up €6,000 (+66.7%), from €9,000 to €15,000
- Current portion of long-term debt -€4,429
down €4,429 (-40.3%), from €10,981 to €6,552
- Tax, wage and social debts +€3,153
up €3,153 (+60.9%), from €5,177 to €8,330
of which Remuneration and social security: +€2,240
- Gross operating margin -€19,358
down €19,358 (-42.0%), from €46,073 to €26,715
- Financial income +€6,694
up €6,694 (+13,387,400%), from €0 to €6,694
- Staff costs -€6,451
down €6,451 (-32.9%), from €19,591 to €13,140
- Financial charges -€1,137
down €1,137 (-27.1%), from €4,196 to €3,059
- Depreciation -€955
down €955 (-9.9%), from €9,606 to €8,652
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,184 | €58,708 | +€7,524 | +14.7% |
| Fixed assets | 21/28 | €25,258 | €48,977 | +€23,719 | +93.9% |
| Intangible fixed assets | 21 | €601 | €3,297 | +€2,696 | +449% |
| Tangible fixed assets | 22/27 | €24,145 | €45,167 | +€21,023 | +87.1% |
| Plant, machinery and equipment | 23 | €7,934 | €6,298 | -€1,637 | -20.6% |
| Furniture and vehicles | 24 | €16,211 | €12,710 | -€3,500 | -21.6% |
| Leasing and similar rights | 25 | - | €26,159 | +€26,159 | |
| Financial fixed assets | 28 | €512 | €512 | = | 0.0% |
| Current assets | 29/58 | €25,927 | €9,731 | -€16,195 | -62.5% |
| Amounts receivable within one year | 40/41 | €13,722 | €8,587 | -€5,135 | -37.4% |
| Trade receivables | 40 | €8,649 | €3,784 | -€4,864 | -56.2% |
| Other amounts receivable | 41 | €5,074 | €4,803 | -€271 | -5.3% |
| Cash at bank and in hand | 54/58 | €10,792 | €1,144 | -€9,648 | -89.4% |
| Deferred charges and accrued income | 490/1 | €1,412 | - | -€1,412 | |
| Total equity and liabilities | 10/49 | €51,184 | €58,708 | +€7,524 | +14.7% |
| Equity | 10/15 | €11,076 | €17,663 | +€6,587 | +59.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Distributable reserves | 133 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Profit (loss) carried forward | 14 | €76 | €663 | +€587 | +775% |
| Amounts payable | 17/49 | €40,109 | €41,045 | +€936 | +2.3% |
| Amounts payable after more than one year | 17 | €2,622 | €15,743 | +€13,121 | +500% |
| Financial debts | 170/4 | €2,622 | €15,743 | +€13,121 | +500% |
| Amounts payable within one year | 42/48 | €37,363 | €24,896 | -€12,468 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €10,981 | €6,552 | -€4,429 | -40.3% |
| Trade debts | 44 | €16,832 | €7,802 | -€9,030 | -53.6% |
| Suppliers | 440/4 | €16,832 | €7,802 | -€9,030 | -53.6% |
| Taxes, remuneration and social security | 45 | €5,177 | €8,330 | +€3,153 | +60.9% |
| Taxes | 450/3 | €1,543 | €2,456 | +€913 | +59.2% |
| Remuneration and social security | 454/9 | €3,633 | €5,873 | +€2,240 | +61.6% |
| Other amounts payable | 47/48 | €4,374 | €2,212 | -€2,162 | -49.4% |
| Accrued charges and deferred income | 492/3 | €123 | €406 | +€283 | +230% |
| Non-recurring operating income | 76A | - | €5,853 | +€5,853 | |
| Remuneration, social security and pensions | 62 | €19,591 | €13,140 | -€6,451 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,606 | €8,652 | -€955 | -9.9% |
| Other operating charges | 640/8 | €1,359 | €1,057 | -€302 | -22.2% |
| Gross operating margin | 9900 | €46,073 | €26,715 | -€19,358 | -42.0% |
| Operating profit (loss) | 9901 | €15,516 | €3,866 | -€11,651 | -75.1% |
| Financial income | 75/76B | €0 | €6,694 | +€6,694 | +13,387,400% |
| Recurring financial income | 75 | €0 | €6,694 | +€6,694 | +13,387,400% |
| Financial charges | 65/66B | €4,196 | €3,059 | -€1,137 | -27.1% |
| Recurring financial charges | 65 | €4,196 | €3,059 | -€1,137 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €11,321 | €7,501 | -€3,820 | -33.7% |
| Income taxes | 67/77 | €1,543 | €913 | -€630 | -40.8% |
| Profit (loss) for the period | 9904 | €9,778 | €6,587 | -€3,190 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,778 | €6,587 | -€3,190 | -32.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.