CBA FINANCIAL SERVICES: 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.
CBA FINANCIAL SERVICES
Largest movements
- Receivables within one year +€156,327
up €156,327 (+17.3%), from €902,023 to €1.1m
of which Trade receivables: +€116,275
- Cash -€111,834
down €111,834 (-74.8%), from €149,585 to €37,751
mainly Debts after one year (-€180,614) and Receivables within one year (-€156,327)
- Tangible fixed assets -€47,836
down €47,836 (-8.3%), from €578,941 to €531,105
of which Land and buildings: -€39,430
- Intangible fixed assets -€28,975
down €28,975 (-16.9%), from €171,850 to €142,875
- Debts after one year -€180,614
down €180,614 (-21.5%), from €840,702 to €660,088
- Tax, wage and social debts +€118,608
up €118,608 (+87.5%), from €135,491 to €254,099
of which Taxes: +€108,200
- Reserves +€85,077
up €85,077 (+14.0%), from €606,288 to €691,365
of which Distributable reserves: +€86,937
- Current portion of long-term debt -€72,847
down €72,847 (-25.8%), from €282,570 to €209,723
- Trade debts +€41,792
up €41,792 (+20.5%), from €204,199 to €245,991
- Gross operating margin -€76,484
down €76,484 (-13.3%), from €573,595 to €497,110
- Taxes -€26,500
down €26,500 (-33.8%), from €78,491 to €51,991
- Staff costs +€20,370
up €20,370 (+9.7%), from €209,779 to €230,149
- Depreciation -€7,625
down €7,625 (-8.6%), from €89,165 to €81,540
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,144,097 | €2,111,856 | -€32,241 | -1.5% |
| Fixed assets | 21/28 | €1,035,791 | €958,980 | -€76,811 | -7.4% |
| Intangible fixed assets | 21 | €171,850 | €142,875 | -€28,975 | -16.9% |
| Tangible fixed assets | 22/27 | €578,941 | €531,105 | -€47,836 | -8.3% |
| Land and buildings | 22 | €557,997 | €518,566 | -€39,430 | -7.1% |
| Plant, machinery and equipment | 23 | €406 | €129 | -€276 | -68.1% |
| Furniture and vehicles | 24 | €20,539 | €12,410 | -€8,129 | -39.6% |
| Financial fixed assets | 28 | €285,000 | €285,000 | = | 0.0% |
| Current assets | 29/58 | €1,108,305 | €1,152,876 | +€44,570 | +4.0% |
| Amounts receivable within one year | 40/41 | €902,023 | €1,058,350 | +€156,327 | +17.3% |
| Trade receivables | 40 | €775,504 | €891,779 | +€116,275 | +15.0% |
| Other amounts receivable | 41 | €126,519 | €166,571 | +€40,052 | +31.7% |
| Current investments | 50/53 | €1,000 | €5,000 | +€4,000 | +400% |
| Cash at bank and in hand | 54/58 | €149,585 | €37,751 | -€111,834 | -74.8% |
| Deferred charges and accrued income | 490/1 | €55,698 | €51,775 | -€3,923 | -7.0% |
| Total equity and liabilities | 10/49 | €2,144,097 | €2,111,856 | -€32,241 | -1.5% |
| Equity | 10/15 | €624,888 | €709,965 | +€85,077 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €606,288 | €691,365 | +€85,077 | +14.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €604,428 | €691,365 | +€86,937 | +14.4% |
| Amounts payable | 17/49 | €1,519,209 | €1,401,892 | -€117,318 | -7.7% |
| Amounts payable after more than one year | 17 | €840,702 | €660,088 | -€180,614 | -21.5% |
| Financial debts | 170/4 | €840,702 | €660,088 | -€180,614 | -21.5% |
| Amounts payable within one year | 42/48 | €678,508 | €741,804 | +€63,296 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €282,570 | €209,723 | -€72,847 | -25.8% |
| Financial debts | 43 | €281 | €56 | -€225 | -80.1% |
| Credit institutions | 430/8 | €281 | €56 | -€225 | -80.1% |
| Trade debts | 44 | €204,199 | €245,991 | +€41,792 | +20.5% |
| Suppliers | 440/4 | €204,199 | €245,991 | +€41,792 | +20.5% |
| Advances received on contracts in progress | 46 | €31,653 | €31,934 | +€281 | +0.9% |
| Taxes, remuneration and social security | 45 | €135,491 | €254,099 | +€118,608 | +87.5% |
| Taxes | 450/3 | €110,872 | €219,073 | +€108,200 | +97.6% |
| Remuneration and social security | 454/9 | €24,619 | €35,027 | +€10,408 | +42.3% |
| Other amounts payable | 47/48 | €24,314 | - | -€24,314 | |
| Remuneration, social security and pensions | 62 | €209,779 | €230,149 | +€20,370 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,165 | €81,540 | -€7,625 | -8.6% |
| Other operating charges | 640/8 | €10,193 | €12,260 | +€2,068 | +20.3% |
| Gross operating margin | 9900 | €573,595 | €497,110 | -€76,484 | -13.3% |
| Operating profit (loss) | 9901 | €264,457 | €173,161 | -€91,296 | -34.5% |
| Financial income | 75/76B | €3,214 | €5,151 | +€1,937 | +60.3% |
| Recurring financial income | 75 | €3,214 | €5,151 | +€1,937 | +60.3% |
| Financial charges | 65/66B | €36,774 | €41,244 | +€4,470 | +12.2% |
| Recurring financial charges | 65 | €36,774 | €41,244 | +€4,470 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €230,897 | €137,068 | -€93,829 | -40.6% |
| Income taxes | 67/77 | €78,491 | €51,991 | -€26,500 | -33.8% |
| Profit (loss) for the period | 9904 | €152,406 | €85,077 | -€67,330 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,406 | €85,077 | -€67,330 | -44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.