CBMC: 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.
CBMC
Largest movements
- Tangible fixed assets +€66,522
up €66,522 (+1343.3%), from €4,952 to €71,474
- Cash +€63,087
up €63,087 (+64.0%), from €98,503 to €161,590
mainly Net result for the year (+€74,780) and Debts after one year (+€60,000)
- Reserves +€68,581
up €68,581 (+39.2%), from €175,094 to €243,675
- Debts after one year +€60,000
new in 2026: €60,000
- Gross operating margin +€25,557
up €25,557 (+27.2%), from €93,881 to €119,437
- Depreciation +€5,553
up €5,553 (+62.6%), from €8,870 to €14,423
- Taxes +€2,812
up €2,812 (+11.6%), from €24,153 to €26,965
- Financial charges +€2,334
up €2,334 (+1873.7%), from €125 to €2,458
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,334 | €335,545 | +€133,212 | +65.8% |
| Fixed assets | 21/28 | €4,952 | €71,474 | +€66,522 | +1343.3% |
| Tangible fixed assets | 22/27 | €4,952 | €71,474 | +€66,522 | +1343.3% |
| Furniture and vehicles | 24 | €4,952 | €71,474 | +€66,522 | +1343.3% |
| Current assets | 29/58 | €197,382 | €264,071 | +€66,690 | +33.8% |
| Amounts receivable within one year | 40/41 | €13,008 | €15,065 | +€2,057 | +15.8% |
| Trade receivables | 40 | €13,008 | €15,065 | +€2,057 | +15.8% |
| Current investments | 50/53 | €85,422 | €85,422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,503 | €161,590 | +€63,087 | +64.0% |
| Deferred charges and accrued income | 490/1 | €448 | €1,994 | +€1,545 | +344.7% |
| Total equity and liabilities | 10/49 | €202,334 | €335,545 | +€133,212 | +65.8% |
| Equity | 10/15 | €185,094 | €253,675 | +€68,581 | +37.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €175,094 | €243,675 | +€68,581 | +39.2% |
| Distributable reserves | 133 | €175,094 | €243,675 | +€68,581 | +39.2% |
| Amounts payable | 17/49 | €17,240 | €81,870 | +€64,630 | +374.9% |
| Amounts payable after more than one year | 17 | - | €60,000 | +€60,000 | |
| Financial debts | 170/4 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €17,240 | €19,552 | +€2,312 | +13.4% |
| Trade debts | 44 | €415 | €787 | +€372 | +89.6% |
| Suppliers | 440/4 | €415 | €787 | +€372 | +89.6% |
| Taxes, remuneration and social security | 45 | €14,768 | €15,564 | +€796 | +5.4% |
| Taxes | 450/3 | €14,768 | €15,564 | +€796 | +5.4% |
| Other amounts payable | 47/48 | €2,057 | €3,201 | +€1,144 | +55.6% |
| Accrued charges and deferred income | 492/3 | - | €2,318 | +€2,318 | |
| Non-recurring operating income | 76A | - | €8,144 | +€8,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,870 | €14,423 | +€5,553 | +62.6% |
| Other operating charges | 640/8 | €750 | €840 | +€91 | +12.1% |
| Gross operating margin | 9900 | €93,881 | €119,437 | +€25,557 | +27.2% |
| Operating profit (loss) | 9901 | €84,261 | €104,174 | +€19,913 | +23.6% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €125 | €2,458 | +€2,334 | +1873.7% |
| Recurring financial charges | 65 | €125 | €2,458 | +€2,334 | +1873.7% |
| Profit (loss) for the period before taxes | 9903 | €84,137 | €101,744 | +€17,608 | +20.9% |
| Income taxes | 67/77 | €24,153 | €26,965 | +€2,812 | +11.6% |
| Profit (loss) for the period | 9904 | €59,984 | €74,780 | +€14,796 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,984 | €74,780 | +€14,796 | +24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.