CBAM engineering: 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.
CBAM engineering
Largest movements
- Current investments -€225,468
down €225,468 (-100.0%), from €225,468 to €0
- Cash +€98,023
up €98,023 (+49.1%), from €199,766 to €297,789
mainly Current investments (+€225,468) and Net result for the year (+€41,004)
- Receivables within one year +€81,103
up €81,103 (+1370.3%), from €5,919 to €87,021
of which Trade receivables: +€85,137
- Tangible fixed assets -€14,077
down €14,077 (-23.4%), from €60,225 to €46,147
- Reserves -€75,018
down €75,018 (-24.4%), from €307,493 to €232,475
- Other debts +€12,981
up €12,981 (+9.0%), from €144,269 to €157,250
- Gross operating margin -€8,176
down €8,176 (-5.2%), from €158,280 to €150,104
- Financial charges -€6,910
down €6,910 (-95.8%), from €7,209 to €299
- Financial income -€5,373
down €5,373 (-57.5%), from €9,348 to €3,975
- Staff costs +€4,640
up €4,640 (+6.6%), from €70,712 to €75,352
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 | €494,194 | €433,218 | -€60,976 | -12.3% |
| Fixed assets | 21/28 | €62,485 | €48,407 | -€14,077 | -22.5% |
| Tangible fixed assets | 22/27 | €60,225 | €46,147 | -€14,077 | -23.4% |
| Furniture and vehicles | 24 | €60,225 | €46,147 | -€14,077 | -23.4% |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €431,710 | €384,811 | -€46,899 | -10.9% |
| Amounts receivable within one year | 40/41 | €5,919 | €87,021 | +€81,103 | +1370.3% |
| Trade receivables | 40 | €0 | €85,137 | +€85,137 | |
| Other amounts receivable | 41 | €5,919 | €1,885 | -€4,034 | -68.2% |
| Current investments | 50/53 | €225,468 | €0 | -€225,468 | -100.0% |
| Cash at bank and in hand | 54/58 | €199,766 | €297,789 | +€98,023 | +49.1% |
| Deferred charges and accrued income | 490/1 | €557 | €0 | -€557 | -100.0% |
| Total equity and liabilities | 10/49 | €494,194 | €433,218 | -€60,976 | -12.3% |
| Equity | 10/15 | €308,093 | €233,075 | -€75,018 | -24.3% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €307,493 | €232,475 | -€75,018 | -24.4% |
| Distributable reserves | 133 | €307,493 | €232,475 | -€75,018 | -24.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,102 | €200,143 | +€14,042 | +7.5% |
| Amounts payable within one year | 42/48 | €186,102 | €200,143 | +€14,042 | +7.5% |
| Trade debts | 44 | €10,087 | €6,693 | -€3,394 | -33.6% |
| Suppliers | 440/4 | €10,087 | €6,693 | -€3,394 | -33.6% |
| Taxes, remuneration and social security | 45 | €31,746 | €36,201 | +€4,455 | +14.0% |
| Taxes | 450/3 | €15,580 | €15,026 | -€553 | -3.6% |
| Remuneration and social security | 454/9 | €16,166 | €21,174 | +€5,008 | +31.0% |
| Other amounts payable | 47/48 | €144,269 | €157,250 | +€12,981 | +9.0% |
| Remuneration, social security and pensions | 62 | €70,712 | €75,352 | +€4,640 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,307 | €20,483 | +€1,175 | +6.1% |
| Other operating charges | 640/8 | €528 | €610 | +€82 | +15.5% |
| Gross operating margin | 9900 | €158,280 | €150,104 | -€8,176 | -5.2% |
| Operating profit (loss) | 9901 | €67,732 | €53,660 | -€14,072 | -20.8% |
| Financial income | 75/76B | €9,348 | €3,975 | -€5,373 | -57.5% |
| Recurring financial income | 75 | €9,348 | €3,975 | -€5,373 | -57.5% |
| Financial charges | 65/66B | €7,209 | €299 | -€6,910 | -95.8% |
| Recurring financial charges | 65 | €7,209 | €299 | -€6,910 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €69,871 | €57,336 | -€12,535 | -17.9% |
| Income taxes | 67/77 | €17,586 | €16,332 | -€1,254 | -7.1% |
| Profit (loss) for the period | 9904 | €52,285 | €41,004 | -€11,281 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,285 | €41,004 | -€11,281 | -21.6% |
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 7 October 2026 via checked.be.