CBM: 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.
CBM
Largest movements
- Cash +€55,822
up €55,822 (+142.8%), from €39,078 to €94,900
mainly Net result for the year (+€50,284) and Tax, wage and social debts (+€6,677)
- Current investments +€5,915
new in 2025: €5,915
- Receivables within one year -€5,147
down €5,147 (-12.2%), from €42,350 to €37,203
of which Trade receivables: -€5,188
- Reserves +€50,284
up €50,284 (+69.1%), from €72,810 to €123,095
- Tax, wage and social debts +€6,677
up €6,677 (+63.4%), from €10,538 to €17,215
- Gross operating margin +€23,005
up €23,005 (+51.6%), from €44,556 to €67,561
- Taxes +€4,649
up €4,649 (+55.9%), from €8,310 to €12,959
- Financial charges -€1,287
down €1,287 (-46.9%), from €2,747 to €1,460
- Other operating charges +€851
up €851 (+721.3%), from €118 to €969
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 | €86,033 | €143,856 | +€57,823 | +67.2% |
| Fixed assets | 21/28 | €4,605 | €5,346 | +€742 | +16.1% |
| Tangible fixed assets | 22/27 | €4,605 | €5,346 | +€742 | +16.1% |
| Furniture and vehicles | 24 | €4,605 | €5,346 | +€742 | +16.1% |
| Current assets | 29/58 | €81,428 | €138,509 | +€57,081 | +70.1% |
| Amounts receivable within one year | 40/41 | €42,350 | €37,203 | -€5,147 | -12.2% |
| Trade receivables | 40 | €42,350 | €37,162 | -€5,188 | -12.2% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Current investments | 50/53 | - | €5,915 | +€5,915 | |
| Cash at bank and in hand | 54/58 | €39,078 | €94,900 | +€55,822 | +142.8% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €86,033 | €143,856 | +€57,823 | +67.2% |
| Equity | 10/15 | €75,310 | €125,595 | +€50,284 | +66.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €72,810 | €123,095 | +€50,284 | +69.1% |
| Distributable reserves | 133 | €72,810 | €123,095 | +€50,284 | +69.1% |
| Amounts payable | 17/49 | €10,722 | €18,261 | +€7,539 | +70.3% |
| Amounts payable within one year | 42/48 | €10,722 | €18,261 | +€7,539 | +70.3% |
| Trade debts | 44 | €184 | €1,046 | +€862 | +468.0% |
| Suppliers | 440/4 | €184 | €1,046 | +€862 | +468.0% |
| Taxes, remuneration and social security | 45 | €10,538 | €17,215 | +€6,677 | +63.4% |
| Taxes | 450/3 | €10,538 | €17,215 | +€6,677 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €1,889 | +€291 | +18.2% |
| Other operating charges | 640/8 | €118 | €969 | +€851 | +721.3% |
| Gross operating margin | 9900 | €44,556 | €67,561 | +€23,005 | +51.6% |
| Operating profit (loss) | 9901 | €42,840 | €64,703 | +€21,863 | +51.0% |
| Financial charges | 65/66B | €2,747 | €1,460 | -€1,287 | -46.9% |
| Recurring financial charges | 65 | €2,747 | €1,460 | -€1,287 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €40,094 | €63,243 | +€23,150 | +57.7% |
| Income taxes | 67/77 | €8,310 | €12,959 | +€4,649 | +55.9% |
| Profit (loss) for the period | 9904 | €31,784 | €50,284 | +€18,501 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,784 | €50,284 | +€18,501 | +58.2% |
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 8 October 2026 via checked.be.