CBD Consulting: 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.
CBD Consulting
Largest movements
- Tangible fixed assets +€42,459
up €42,459 (+474.6%), from €8,946 to €51,405
of which Other tangible fixed assets: +€40,827
- Receivables within one year -€30,715
down €30,715 (-53.5%), from €57,412 to €26,698
of which Other amounts receivable: -€26,661
- Receivables after one year -€20,000
down €20,000 (-22.2%), from €90,000 to €70,000
- Cash -€10,180
down €10,180 (-22.0%), from €46,325 to €36,145
mainly Contributions, distributions and other (-€172,254) and Investment in fixed assets (net) (-€45,227)
- Current investments +€3,982
new in 2025: €3,982
- Reserves -€120,000
down €120,000 (-75.9%), from €158,000 to €38,000
of which Distributable reserves: -€120,000
- Other debts +€103,057
up €103,057 (+103.9%), from €99,182 to €202,239
- Gross operating margin -€11,271
down €11,271 (-13.5%), from €83,445 to €72,173
- Taxes -€4,002
down €4,002 (-20.8%), from €19,222 to €15,220
- Other operating charges +€967
up €967 (+77.6%), from €1,245 to €2,212
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 | €271,623 | €254,834 | -€16,789 | -6.2% |
| Fixed assets | 21/28 | €66,451 | €108,910 | +€42,459 | +63.9% |
| Tangible fixed assets | 22/27 | €8,946 | €51,405 | +€42,459 | +474.6% |
| Land and buildings | 22 | €665 | €0 | -€665 | -100.0% |
| Furniture and vehicles | 24 | €8,281 | €10,577 | +€2,297 | +27.7% |
| Other tangible fixed assets | 26 | - | €40,827 | +€40,827 | |
| Financial fixed assets | 28 | €57,505 | €57,505 | = | 0.0% |
| Current assets | 29/58 | €205,172 | €145,924 | -€59,248 | -28.9% |
| Amounts receivable after more than one year | 29 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Other amounts receivable | 291 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Amounts receivable within one year | 40/41 | €57,412 | €26,698 | -€30,715 | -53.5% |
| Trade receivables | 40 | €29,472 | €25,418 | -€4,054 | -13.8% |
| Other amounts receivable | 41 | €27,940 | €1,280 | -€26,661 | -95.4% |
| Current investments | 50/53 | - | €3,982 | +€3,982 | |
| Cash at bank and in hand | 54/58 | €46,325 | €36,145 | -€10,180 | -22.0% |
| Deferred charges and accrued income | 490/1 | €11,435 | €9,099 | -€2,336 | -20.4% |
| Total equity and liabilities | 10/49 | €271,623 | €254,834 | -€16,789 | -6.2% |
| Equity | 10/15 | €159,000 | €39,000 | -€120,000 | -75.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €158,000 | €38,000 | -€120,000 | -75.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €158,000 | €38,000 | -€120,000 | -75.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,623 | €215,834 | +€103,211 | +91.6% |
| Amounts payable within one year | 42/48 | €112,623 | €215,834 | +€103,211 | +91.6% |
| Trade debts | 44 | €2,783 | €3,318 | +€535 | +19.2% |
| Suppliers | 440/4 | €2,783 | €3,318 | +€535 | +19.2% |
| Taxes, remuneration and social security | 45 | €10,658 | €10,276 | -€382 | -3.6% |
| Taxes | 450/3 | €10,658 | €10,276 | -€382 | -3.6% |
| Other amounts payable | 47/48 | €99,182 | €202,239 | +€103,057 | +103.9% |
| Non-recurring operating income | 76A | €3,863 | €0 | -€3,863 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,815 | €2,768 | -€47 | -1.7% |
| Other operating charges | 640/8 | €1,245 | €2,212 | +€967 | +77.6% |
| Non-recurring operating charges | 66A | - | €1,699 | +€1,699 | |
| Gross operating margin | 9900 | €83,445 | €72,173 | -€11,271 | -13.5% |
| Operating profit (loss) | 9901 | €79,384 | €65,494 | -€13,890 | -17.5% |
| Financial income | 75/76B | €2,763 | €2,691 | -€72 | -2.6% |
| Recurring financial income | 75 | €2,763 | €2,691 | -€72 | -2.6% |
| Financial charges | 65/66B | €348 | €711 | +€363 | +104.4% |
| Recurring financial charges | 65 | €348 | €711 | +€363 | +104.4% |
| Profit (loss) for the period before taxes | 9903 | €81,799 | €67,474 | -€14,325 | -17.5% |
| Income taxes | 67/77 | €19,222 | €15,220 | -€4,002 | -20.8% |
| Profit (loss) for the period | 9904 | €62,577 | €52,254 | -€10,323 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,577 | €52,254 | -€10,323 | -16.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.