CBinvest: what changed
CBinvest
Largest movements
- Current investments -€481,853
down €481,853 (-26.1%), from €1.8m to €1.4m
- Cash +€113,102
up €113,102 (+20.5%), from €550,839 to €663,941
mainly Current investments (+€481,853) and Net result for the year (+€187,109)
- Tangible fixed assets -€54,704
down €54,704 (-2.6%), from €2.1m to €2.1m
of which Land and buildings: -€54,704
- Other debts -€279,500
down €279,500 (-15.1%), from €1.8m to €1.6m
- Reserves -€147,891
down €147,891 (-4.4%), from €3.4m to €3.2m
of which Distributable reserves: -€147,891
- Financial income -€103,385
down €103,385 (-43.9%), from €235,340 to €131,955
of which Non-recurring financial income: -€100,000
- Gross operating margin +€16,362
up €16,362 (+7.4%), from €219,739 to €236,100
- Financial charges -€5,815
down €5,815 (-8.6%), from €67,807 to €61,992
- Taxes -€3,281
down €3,281 (-6.5%), from €50,400 to €47,120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,320,419 | €4,882,668 | -€437,750 | -8.2% |
| Fixed assets | 21/28 | €2,882,821 | €2,828,116 | -€54,704 | -1.9% |
| Tangible fixed assets | 22/27 | €2,138,482 | €2,083,777 | -€54,704 | -2.6% |
| Land and buildings | 22 | €2,135,832 | €2,081,127 | -€54,704 | -2.6% |
| Other tangible fixed assets | 26 | €2,650 | €2,650 | = | 0.0% |
| Financial fixed assets | 28 | €744,339 | €744,339 | = | 0.0% |
| Current assets | 29/58 | €2,437,598 | €2,054,552 | -€383,046 | -15.7% |
| Amounts receivable within one year | 40/41 | €35,180 | €23,249 | -€11,931 | -33.9% |
| Trade receivables | 40 | €1,565 | €978 | -€587 | -37.5% |
| Other amounts receivable | 41 | €33,615 | €22,271 | -€11,344 | -33.7% |
| Current investments | 50/53 | €1,849,216 | €1,367,362 | -€481,853 | -26.1% |
| Cash at bank and in hand | 54/58 | €550,839 | €663,941 | +€113,102 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,364 | - | -€2,364 | |
| Total equity and liabilities | 10/49 | €5,320,419 | €4,882,668 | -€437,750 | -8.2% |
| Equity | 10/15 | €3,398,866 | €3,250,975 | -€147,891 | -4.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,378,866 | €3,230,975 | -€147,891 | -4.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €3,376,866 | €3,228,975 | -€147,891 | -4.4% |
| Amounts payable | 17/49 | €1,921,553 | €1,631,693 | -€289,859 | -15.1% |
| Amounts payable within one year | 42/48 | €1,856,665 | €1,571,069 | -€285,596 | -15.4% |
| Trade debts | 44 | €1,215 | €1,119 | -€96 | -7.9% |
| Suppliers | 440/4 | €1,215 | €1,119 | -€96 | -7.9% |
| Taxes, remuneration and social security | 45 | €6,000 | - | -€6,000 | |
| Taxes | 450/3 | €1,223 | - | -€1,223 | |
| Remuneration and social security | 454/9 | €4,777 | - | -€4,777 | |
| Other amounts payable | 47/48 | €1,849,450 | €1,569,950 | -€279,500 | -15.1% |
| Accrued charges and deferred income | 492/3 | €64,888 | €60,624 | -€4,264 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,704 | €54,704 | = | 0.0% |
| Other operating charges | 640/8 | €16,616 | €17,130 | +€514 | +3.1% |
| Gross operating margin | 9900 | €219,739 | €236,100 | +€16,362 | +7.4% |
| Operating profit (loss) | 9901 | €148,418 | €164,266 | +€15,848 | +10.7% |
| Financial income | 75/76B | €235,340 | €131,955 | -€103,385 | -43.9% |
| Recurring financial income | 75 | €35,340 | €31,955 | -€3,385 | -9.6% |
| Non-recurring financial income | 76B | €200,000 | €100,000 | -€100,000 | -50.0% |
| Financial charges | 65/66B | €67,807 | €61,992 | -€5,815 | -8.6% |
| Recurring financial charges | 65 | €67,807 | €61,992 | -€5,815 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €315,951 | €234,229 | -€81,722 | -25.9% |
| Income taxes | 67/77 | €50,400 | €47,120 | -€3,281 | -6.5% |
| Profit (loss) for the period | 9904 | €265,551 | €187,109 | -€78,442 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €265,551 | €187,109 | -€78,442 | -29.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.