CBCO: 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.
CBCO
Largest movements
- Financial fixed assets +€1.1m
new in 2025: €1.1m
- Cash +€18,088
up €18,088 (+68.2%), from €26,505 to €44,592
mainly Other debts (+€583,960) and Debts after one year (+€490,991)
- Other debts +€583,960
up €583,960 (+549764.7%), from €106 to €584,066
- Debts after one year +€490,991
new in 2025: €490,991
of which Financial debts: +€265,991
- Current portion of long-term debt +€77,355
new in 2025: €77,355
- Reserves -€27,911
down €27,911 (-100.0%), from €27,911 to €0
- Gross operating margin +€25,675
up €25,675 (+81.5%), from €31,522 to €57,198
- Taxes +€7,849
up €7,849 (+125.2%), from €6,268 to €14,117
- Financial charges +€2,680
up €2,680 (+1571.3%), from €171 to €2,851
- Depreciation +€2,168
up €2,168 (+151.2%), from €1,434 to €3,602
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 | €43,844 | €1,175,659 | +€1.1m | +2581.5% |
| Fixed assets | 21/28 | €11,313 | €1,124,006 | +€1.1m | +9835.8% |
| Tangible fixed assets | 22/27 | €11,313 | €12,715 | +€1,402 | +12.4% |
| Plant, machinery and equipment | 23 | €2,321 | €2,758 | +€437 | +18.8% |
| Furniture and vehicles | 24 | €6,127 | €7,719 | +€1,591 | +26.0% |
| Other tangible fixed assets | 26 | €2,864 | €2,238 | -€626 | -21.9% |
| Financial fixed assets | 28 | - | €1,111,291 | +€1.1m | |
| Current assets | 29/58 | €32,531 | €51,654 | +€19,123 | +58.8% |
| Amounts receivable within one year | 40/41 | €4,981 | €6,050 | +€1,069 | +21.5% |
| Trade receivables | 40 | €4,981 | €6,050 | +€1,069 | +21.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,505 | €44,592 | +€18,088 | +68.2% |
| Deferred charges and accrued income | 490/1 | €1,046 | €1,011 | -€35 | -3.3% |
| Total equity and liabilities | 10/49 | €43,844 | €1,175,659 | +€1.1m | +2581.5% |
| Equity | 10/15 | €29,911 | €2,000 | -€27,911 | -93.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,911 | €0 | -€27,911 | -100.0% |
| Distributable reserves | 133 | €27,911 | €0 | -€27,911 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,933 | €1,173,659 | +€1.2m | +8323.6% |
| Amounts payable after more than one year | 17 | - | €490,991 | +€490,991 | |
| Financial debts | 170/4 | - | €265,991 | +€265,991 | |
| Other amounts payable | 178/9 | - | €225,000 | +€225,000 | |
| Amounts payable within one year | 42/48 | €13,768 | €680,551 | +€666,783 | +4843.1% |
| Current portion of amounts payable after more than one year | 42 | - | €77,355 | +€77,355 | |
| Trade debts | 44 | €1,025 | €1,944 | +€918 | +89.6% |
| Suppliers | 440/4 | €1,025 | €1,944 | +€918 | +89.6% |
| Taxes, remuneration and social security | 45 | €12,636 | €17,186 | +€4,549 | +36.0% |
| Taxes | 450/3 | €12,636 | €17,186 | +€4,549 | +36.0% |
| Other amounts payable | 47/48 | €106 | €584,066 | +€583,960 | +549764.7% |
| Accrued charges and deferred income | 492/3 | €165 | €2,118 | +€1,952 | +1180.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €3,602 | +€2,168 | +151.2% |
| Other operating charges | 640/8 | €251 | €254 | +€4 | +1.4% |
| Gross operating margin | 9900 | €31,522 | €57,198 | +€25,675 | +81.5% |
| Operating profit (loss) | 9901 | €29,838 | €53,342 | +€23,504 | +78.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €171 | €2,851 | +€2,680 | +1571.3% |
| Recurring financial charges | 65 | €171 | €2,851 | +€2,680 | +1571.3% |
| Profit (loss) for the period before taxes | 9903 | €29,667 | €50,497 | +€20,830 | +70.2% |
| Income taxes | 67/77 | €6,268 | €14,117 | +€7,849 | +125.2% |
| Profit (loss) for the period | 9904 | €23,399 | €36,380 | +€12,981 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,399 | €36,380 | +€12,981 | +55.5% |
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 30 September 2026 via checked.be.