CBE Integration: 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.
CBE Integration
Largest movements
- Deferred charges and accrued income -€87,378
down €87,378 (-88.1%), from €99,211 to €11,832
- Cash -€23,733
down €23,733 (-20.4%), from €116,086 to €92,353
mainly Trade debts (-€149,504) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€17,516
down €17,516 (-7.3%), from €239,376 to €221,860
of which Trade receivables: -€18,952
- Tangible fixed assets +€16,391
up €16,391 (+848%), from €1,933 to €18,324
- Trade debts -€149,504
down €149,504 (-84.0%), from €177,879 to €28,375
- Other debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income -€68,759
down €68,759 (-64.9%), from €105,943 to €37,183
- Tax, wage and social debts +€37,056
up €37,056 (+287%), from €12,927 to €49,983
of which Taxes: +€29,393
- Profit (loss) carried forward -€30,296
down €30,296 (-89.4%), from €33,875 to €3,580
- Gross operating margin +€153,699
up €153,699 (+148%), from €103,565 to €257,264
- Staff costs +€97,570
up €97,570 (+214%), from €45,531 to €143,101
- Taxes +€19,726
up €19,726 (+237%), from €8,315 to €28,041
- Other operating charges +€5,669
up €5,669 (+116%), from €4,903 to €10,572
- Depreciation +€3,056
up €3,056 (+386%), from €791 to €3,847
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,125 | €345,870 | -€112,255 | -24.5% |
| Fixed assets | 21/28 | €3,451 | €19,824 | +€16,373 | +474% |
| Intangible fixed assets | 21 | €18 | €0 | -€18 | -100% |
| Tangible fixed assets | 22/27 | €1,933 | €18,324 | +€16,391 | +848% |
| Furniture and vehicles | 24 | €1,933 | €18,324 | +€16,391 | +848% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €454,674 | €326,046 | -€128,628 | -28.3% |
| Amounts receivable within one year | 40/41 | €239,376 | €221,860 | -€17,516 | -7.3% |
| Trade receivables | 40 | €239,026 | €220,074 | -€18,952 | -7.9% |
| Other amounts receivable | 41 | €350 | €1,786 | +€1,437 | +411% |
| Cash at bank and in hand | 54/58 | €116,086 | €92,353 | -€23,733 | -20.4% |
| Deferred charges and accrued income | 490/1 | €99,211 | €11,832 | -€87,378 | -88.1% |
| Total equity and liabilities | 10/49 | €458,125 | €345,870 | -€112,255 | -24.5% |
| Equity | 10/15 | €93,875 | €63,580 | -€30,296 | -32.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,875 | €3,580 | -€30,296 | -89.4% |
| Amounts payable | 17/49 | €364,249 | €282,290 | -€81,959 | -22.5% |
| Amounts payable after more than one year | 17 | €48,750 | €44,669 | -€4,081 | -8.4% |
| Financial debts | 170/4 | €48,750 | €44,669 | -€4,081 | -8.4% |
| Amounts payable within one year | 42/48 | €209,556 | €200,438 | -€9,118 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €18,750 | €22,080 | +€3,330 | +17.8% |
| Trade debts | 44 | €177,879 | €28,375 | -€149,504 | -84.0% |
| Suppliers | 440/4 | €177,879 | €28,375 | -€149,504 | -84.0% |
| Taxes, remuneration and social security | 45 | €12,927 | €49,983 | +€37,056 | +287% |
| Taxes | 450/3 | €6,987 | €36,380 | +€29,393 | +421% |
| Remuneration and social security | 454/9 | €5,940 | €13,603 | +€7,663 | +129% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €105,943 | €37,183 | -€68,759 | -64.9% |
| Non-recurring operating income | 76A | - | €95,000 | +€95,000 | |
| Remuneration, social security and pensions | 62 | €45,531 | €143,101 | +€97,570 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €3,847 | +€3,056 | +386% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,245 | €0 | +€1,245 | |
| Other operating charges | 640/8 | €4,903 | €10,572 | +€5,669 | +116% |
| Gross operating margin | 9900 | €103,565 | €257,264 | +€153,699 | +148% |
| Operating profit (loss) | 9901 | €53,585 | €99,743 | +€46,159 | +86.1% |
| Financial income | 75/76B | €356 | €188 | -€167 | -47.0% |
| Recurring financial income | 75 | €356 | €188 | -€167 | -47.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €602 | €2,186 | +€1,585 | +263% |
| Recurring financial charges | 65 | €602 | €2,186 | +€1,585 | +263% |
| Profit (loss) for the period before taxes | 9903 | €53,339 | €97,745 | +€44,407 | +83.3% |
| Income taxes | 67/77 | €8,315 | €28,041 | +€19,726 | +237% |
| Profit (loss) for the period | 9904 | €45,023 | €69,704 | +€24,681 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,023 | €69,704 | +€24,681 | +54.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.