CBFin: 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.
CBFin
Largest movements
- Receivables within one year +€273,478
up €273,478 (+64.4%), from €424,405 to €697,883
of which Trade receivables: +€319,726
- Cash +€135,461
up €135,461 (+89.3%), from €151,765 to €287,227
mainly Trade debts (+€151,640) and Net result for the year (+€114,727)
- Deferred charges and accrued income -€38,126
down €38,126 (-93.7%), from €40,680 to €2,554
- Tangible fixed assets -€17,503
down €17,503 (-29.5%), from €59,341 to €41,838
of which Other tangible fixed assets: -€11,752
- Trade debts +€151,640
up €151,640 (+187.2%), from €80,991 to €232,631
- Profit (loss) carried forward +€114,727
up €114,727 (+105.5%), from €108,769 to €223,496
- Tax, wage and social debts +€80,480
up €80,480 (+36.3%), from €221,587 to €302,067
of which Remuneration and social security: +€53,135
- Gross operating margin +€29,208
up €29,208 (+2.4%), from €1.2m to €1.2m
- Write-downs +€22,188
new in 2025: €22,188
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 | €676,191 | €1,029,502 | +€353,310 | +52.3% |
| Fixed assets | 21/28 | €59,341 | €41,838 | -€17,503 | -29.5% |
| Tangible fixed assets | 22/27 | €59,341 | €41,838 | -€17,503 | -29.5% |
| Plant, machinery and equipment | 23 | €11,801 | €11,120 | -€681 | -5.8% |
| Furniture and vehicles | 24 | €10,411 | €5,340 | -€5,071 | -48.7% |
| Other tangible fixed assets | 26 | €37,129 | €25,377 | -€11,752 | -31.7% |
| Current assets | 29/58 | €616,850 | €987,664 | +€370,814 | +60.1% |
| Amounts receivable within one year | 40/41 | €424,405 | €697,883 | +€273,478 | +64.4% |
| Trade receivables | 40 | €299,068 | €618,794 | +€319,726 | +106.9% |
| Other amounts receivable | 41 | €125,337 | €79,089 | -€46,248 | -36.9% |
| Cash at bank and in hand | 54/58 | €151,765 | €287,227 | +€135,461 | +89.3% |
| Deferred charges and accrued income | 490/1 | €40,680 | €2,554 | -€38,126 | -93.7% |
| Total equity and liabilities | 10/49 | €676,191 | €1,029,502 | +€353,310 | +52.3% |
| Equity | 10/15 | €373,614 | €488,341 | +€114,727 | +30.7% |
| Contributions | 10/11 | €230,819 | €230,819 | = | 0.0% |
| Reserves | 13 | €34,026 | €34,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,026 | €0 | -€34,026 | -100.0% |
| Reserves not available under the articles | 1311 | €34,026 | €0 | -€34,026 | -100.0% |
| Distributable reserves | 133 | - | €34,026 | +€34,026 | |
| Profit (loss) carried forward | 14 | €108,769 | €223,496 | +€114,727 | +105.5% |
| Provisions and deferred taxes | 16 | - | €4,416 | +€4,416 | |
| Provisions for liabilities and charges | 160/5 | - | €4,416 | +€4,416 | |
| Other liabilities and charges | 164/5 | - | €4,416 | +€4,416 | |
| Amounts payable | 17/49 | €302,577 | €536,745 | +€234,168 | +77.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €302,577 | €536,745 | +€234,168 | +77.4% |
| Trade debts | 44 | €80,991 | €232,631 | +€151,640 | +187.2% |
| Suppliers | 440/4 | €80,991 | €232,631 | +€151,640 | +187.2% |
| Advances received on contracts in progress | 46 | - | €2,048 | +€2,048 | |
| Taxes, remuneration and social security | 45 | €221,587 | €302,067 | +€80,480 | +36.3% |
| Taxes | 450/3 | €48,906 | €76,251 | +€27,345 | +55.9% |
| Remuneration and social security | 454/9 | €172,681 | €225,816 | +€53,135 | +30.8% |
| Remuneration, social security and pensions | 62 | €994,832 | €996,499 | +€1,668 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,964 | €22,179 | -€785 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,188 | +€22,188 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,416 | +€4,416 | |
| Other operating charges | 640/8 | €2,434 | €2,626 | +€192 | +7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,200,102 | €1,229,311 | +€29,208 | +2.4% |
| Operating profit (loss) | 9901 | €179,873 | €181,403 | +€1,530 | +0.9% |
| Financial income | 75/76B | €63 | €4,077 | +€4,013 | +6329.3% |
| Recurring financial income | 75 | €16 | €3,753 | +€3,737 | +23458.9% |
| Non-recurring financial income | 76B | €47 | €324 | +€276 | +582.2% |
| Financial charges | 65/66B | €19,850 | €18,328 | -€1,522 | -7.7% |
| Recurring financial charges | 65 | €19,850 | €18,328 | -€1,522 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €160,086 | €167,152 | +€7,066 | +4.4% |
| Income taxes | 67/77 | €51,317 | €52,425 | +€1,109 | +2.2% |
| Profit (loss) for the period | 9904 | €108,769 | €114,727 | +€5,958 | +5.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €108,769 | €114,727 | +€5,958 | +5.5% |
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 5 October 2026 via checked.be.