CBO CONSULTING: 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.
CBO CONSULTING
Largest movements
- Receivables within one year -€29,343
down €29,343 (-35.8%), from €82,003 to €52,660
of which Trade receivables: -€30,887
- Tangible fixed assets -€15,650
down €15,650 (-5.6%), from €277,078 to €261,428
of which Land and buildings: -€11,593
- Cash -€8,933
down €8,933 (-62.5%), from €14,303 to €5,371
mainly Other debts (-€149,266) and Debts after one year (-€15,512)
- Other debts -€149,266
down €149,266 (-63.0%), from €237,029 to €87,763
- Current portion of long-term debt +€57,696
up €57,696 (+324%), from €17,816 to €75,512
- Short-term financial debts +€50,000
new in 2025: €50,000
- Debts after one year -€15,512
down €15,512 (-17.6%), from €88,107 to €72,595
- Tax, wage and social debts +€5,409
up €5,409 (+143%), from €3,789 to €9,198
- Gross operating margin -€9,219
down €9,219 (-26.9%), from €34,309 to €25,091
- Financial charges -€3,609
down €3,609 (-36.3%), from €9,945 to €6,336
- Other operating charges -€2,132
down €2,132 (-29.9%), from €7,131 to €4,999
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 | €374,927 | €321,864 | -€53,063 | -14.2% |
| Fixed assets | 21/28 | €277,078 | €261,428 | -€15,650 | -5.6% |
| Tangible fixed assets | 22/27 | €277,078 | €261,428 | -€15,650 | -5.6% |
| Land and buildings | 22 | €272,676 | €261,083 | -€11,593 | -4.3% |
| Furniture and vehicles | 24 | €4,401 | €345 | -€4,057 | -92.2% |
| Current assets | 29/58 | €97,850 | €60,436 | -€37,413 | -38.2% |
| Amounts receivable within one year | 40/41 | €82,003 | €52,660 | -€29,343 | -35.8% |
| Trade receivables | 40 | €81,758 | €50,871 | -€30,887 | -37.8% |
| Other amounts receivable | 41 | €245 | €1,789 | +€1,544 | +629% |
| Cash at bank and in hand | 54/58 | €14,303 | €5,371 | -€8,933 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,543 | €2,406 | +€863 | +55.9% |
| Total equity and liabilities | 10/49 | €374,927 | €321,864 | -€53,063 | -14.2% |
| Equity | 10/15 | €24,214 | €20,987 | -€3,227 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,614 | €2,387 | -€3,227 | -57.5% |
| Amounts payable | 17/49 | €350,714 | €300,877 | -€49,837 | -14.2% |
| Amounts payable after more than one year | 17 | €88,107 | €72,595 | -€15,512 | -17.6% |
| Financial debts | 170/4 | €88,107 | €72,595 | -€15,512 | -17.6% |
| Amounts payable within one year | 42/48 | €259,181 | €224,694 | -€34,487 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €17,816 | €75,512 | +€57,696 | +324% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €547 | €2,220 | +€1,674 | +306% |
| Suppliers | 440/4 | €547 | €2,220 | +€1,674 | +306% |
| Taxes, remuneration and social security | 45 | €3,789 | €9,198 | +€5,409 | +143% |
| Taxes | 450/3 | €3,789 | €9,198 | +€5,409 | +143% |
| Other amounts payable | 47/48 | €237,029 | €87,763 | -€149,266 | -63.0% |
| Accrued charges and deferred income | 492/3 | €3,426 | €3,589 | +€163 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,650 | €15,650 | = | 0.0% |
| Other operating charges | 640/8 | €7,131 | €4,999 | -€2,132 | -29.9% |
| Non-recurring operating charges | 66A | €156 | €180 | +€24 | +15.6% |
| Gross operating margin | 9900 | €34,309 | €25,091 | -€9,219 | -26.9% |
| Operating profit (loss) | 9901 | €11,372 | €4,261 | -€7,110 | -62.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,945 | €6,336 | -€3,609 | -36.3% |
| Recurring financial charges | 65 | €9,945 | €6,336 | -€3,609 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €1,427 | -€2,075 | -€3,502 | |
| Income taxes | 67/77 | €1,271 | €1,152 | -€119 | -9.4% |
| Profit (loss) for the period | 9904 | €156 | -€3,227 | -€3,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €156 | -€3,227 | -€3,383 |
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 22 October 2026 via checked.be.