CBB MONTAGE: 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.
What changed
CBB MONTAGE
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€122,759
2024 · -€367,048+€244,288
Equity
-€55,581
2024 · -€132,821+€77,241
Cash
€192,327
2024 · €203,661-€11,334
Balance sheet total
€3.6m
2024 · €4.0m-€413,087
Largest movements
Assets
- Stocks and contracts -€225,280
down €225,280 (-19.2%), from €1.2m to €949,905
- Tangible fixed assets -€139,123
down €139,123 (-7.1%), from €2.0m to €1.8m
of which Plant, machinery and equipment: -€164,905
Equity and liabilities
- Debts after one year -€221,761
down €221,761 (-12.2%), from €1.8m to €1.6m
of which Financial debts: -€233,824
- Revaluation surpluses +€200,000
new in 2025: €200,000
- Advances received -€184,176
down €184,176 (-100%), from €184,176 to €0
- Profit (loss) carried forward -€122,759
down €122,759 (-33.4%), from -€367,048 to -€489,807
- Tax, wage and social debts -€72,308
down €72,308 (-68.9%), from €104,914 to €32,606
of which Taxes: -€48,928
Income statement
- Gross operating margin +€241,783
up €241,783 (+70.3%), from €344,033 to €585,816
- Financial charges -€21,227
down €21,227 (-18.7%), from €113,658 to €92,431
- Depreciation -€17,614
down €17,614 (-5.3%), from €329,270 to €311,656
- Other operating charges +€13,733
up €13,733 (+74.4%), from €18,469 to €32,201
- Staff costs -€8,243
down €8,243 (-3.3%), from €250,464 to €242,222
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.
Result 2024
-€367,048
Gross operating margin
+€241,783
Staff costs
+€8,243
Depreciation
+€17,614
Other operating charges
-€13,733
Other operating items
-€30,848
Financial income
+€20
Financial charges
+€21,227
Taxes
-€18
Result 2025
-€122,759
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€221,795
Investment
-€172,534
Financing
-€60,595
Cash 2024
€203,661
From operations (derived)
+€221,795
Net result for the year
-€122,759
Depreciation
+€311,656
Stocks and contracts
+€225,280
Receivables within one year
+€36,126
Deferred charges and accrued income
+€1,224
Trade debts
+€26,752
Tax, wage and social debts
-€72,308
Advances received
-€184,176
Investment (derived)
-€172,534
Investment in fixed assets (net)
-€172,534
Financing
-€60,595
Debts after one year
-€221,761
Current portion of long-term debt
-€38,835
Contributions, distributions and other
+€200,000
Cash 2025
€192,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,028,336 | €3,615,249 | -€413,087 | -10.3% |
| Fixed assets | 21/28 | €1,972,492 | €1,833,370 | -€139,123 | -7.1% |
| Tangible fixed assets | 22/27 | €1,970,992 | €1,831,870 | -€139,123 | -7.1% |
| Land and buildings | 22 | €1,413,860 | €1,504,327 | +€90,467 | +6.4% |
| Plant, machinery and equipment | 23 | €450,951 | €286,046 | -€164,905 | -36.6% |
| Furniture and vehicles | 24 | €65,909 | €13,098 | -€52,811 | -80.1% |
| Leasing and similar rights | 25 | €35,427 | €24,965 | -€10,462 | -29.5% |
| Other tangible fixed assets | 26 | €4,846 | €3,434 | -€1,412 | -29.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €2,055,843 | €1,781,879 | -€273,964 | -13.3% |
| Stocks and contracts in progress | 3 | €1,175,185 | €949,905 | -€225,280 | -19.2% |
| Stocks | 30/36 | €1,175,185 | €949,905 | -€225,280 | -19.2% |
| Amounts receivable within one year | 40/41 | €667,229 | €631,102 | -€36,126 | -5.4% |
| Trade receivables | 40 | €597,797 | €587,042 | -€10,755 | -1.8% |
| Other amounts receivable | 41 | €69,432 | €44,060 | -€25,372 | -36.5% |
| Cash at bank and in hand | 54/58 | €203,661 | €192,327 | -€11,334 | -5.6% |
| Deferred charges and accrued income | 490/1 | €9,769 | €8,545 | -€1,224 | -12.5% |
| Total equity and liabilities | 10/49 | €4,028,336 | €3,615,249 | -€413,087 | -10.3% |
| Equity | 10/15 | -€132,821 | -€55,581 | +€77,241 | +58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €200,000 | +€200,000 | |
| Reserves | 13 | €215,626 | €215,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €213,766 | €213,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,048 | -€489,807 | -€122,759 | -33.4% |
| Amounts payable | 17/49 | €4,161,157 | €3,670,830 | -€490,327 | -11.8% |
| Amounts payable after more than one year | 17 | €1,818,677 | €1,596,916 | -€221,761 | -12.2% |
| Financial debts | 170/4 | €1,763,087 | €1,529,262 | -€233,824 | -13.3% |
| Other amounts payable | 178/9 | €55,590 | €67,654 | +€12,064 | +21.7% |
| Amounts payable within one year | 42/48 | €2,342,480 | €2,073,914 | -€268,567 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €306,341 | €267,506 | -€38,835 | -12.7% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €1,497,049 | €1,523,801 | +€26,752 | +1.8% |
| Suppliers | 440/4 | €1,497,049 | €1,523,801 | +€26,752 | +1.8% |
| Advances received on contracts in progress | 46 | €184,176 | €0 | -€184,176 | -100% |
| Taxes, remuneration and social security | 45 | €104,914 | €32,606 | -€72,308 | -68.9% |
| Taxes | 450/3 | €65,659 | €16,731 | -€48,928 | -74.5% |
| Remuneration and social security | 454/9 | €39,256 | €15,875 | -€23,380 | -59.6% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €250,464 | €242,222 | -€8,243 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,270 | €311,656 | -€17,614 | -5.3% |
| Other operating charges | 640/8 | €18,469 | €32,201 | +€13,733 | +74.4% |
| Non-recurring operating charges | 66A | - | €30,848 | +€30,848 | |
| Gross operating margin | 9900 | €344,033 | €585,816 | +€241,783 | +70.3% |
| Operating profit (loss) | 9901 | -€254,171 | -€31,111 | +€223,059 | +87.8% |
| Financial income | 75/76B | €1,065 | €1,085 | +€20 | +1.9% |
| Recurring financial income | 75 | €1,065 | €1,085 | +€20 | +1.9% |
| Financial charges | 65/66B | €113,658 | €92,431 | -€21,227 | -18.7% |
| Recurring financial charges | 65 | €113,658 | €92,431 | -€21,227 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€366,764 | -€122,458 | +€244,306 | +66.6% |
| Income taxes | 67/77 | €284 | €301 | +€18 | +6.2% |
| Profit (loss) for the period | 9904 | -€367,048 | -€122,759 | +€244,288 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€367,048 | -€122,759 | +€244,288 | +66.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.