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
- Cash -€61,866
down €61,866 (-72.5%), from €85,304 to €23,438
mainly Contributions, distributions and other (-€94,000) and Debts after one year (-€8,686)
- Receivables within one year -€12,128
down €12,128 (-40.8%), from €29,707 to €17,579
of which Trade receivables: -€12,300
- Tangible fixed assets -€10,452
down €10,452 (-22.8%), from €45,762 to €35,310
of which Furniture and vehicles: -€8,358
- Reserves -€102,000
no longer reported in 2025 (was €102,000)
- Other debts +€34,000
new in 2025: €34,000
- Debts after one year -€8,686
down €8,686 (-79.9%), from €10,871 to €2,185
- Tax, wage and social debts -€5,598
down €5,598 (-17.2%), from €32,458 to €26,860
of which Taxes: -€6,148
- Gross operating margin -€63,969
down €63,969 (-43.8%), from €146,151 to €82,181
- Taxes -€13,158
down €13,158 (-84.5%), from €15,562 to €2,405
- Financial charges +€12,468
up €12,468 (+69.5%), from €17,942 to €30,410
- Depreciation +€2,008
up €2,008 (+18.4%), from €10,924 to €12,932
- Other operating charges -€1,524
down €1,524 (-15.8%), from €9,647 to €8,123
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 | €160,773 | €77,081 | -€83,693 | -52.1% |
| Fixed assets | 21/28 | €45,762 | €35,310 | -€10,452 | -22.8% |
| Tangible fixed assets | 22/27 | €45,762 | €35,310 | -€10,452 | -22.8% |
| Plant, machinery and equipment | 23 | €662 | €398 | -€264 | -39.8% |
| Furniture and vehicles | 24 | €27,180 | €18,822 | -€8,358 | -30.8% |
| Other tangible fixed assets | 26 | €17,919 | €16,089 | -€1,830 | -10.2% |
| Current assets | 29/58 | €115,011 | €41,771 | -€73,240 | -63.7% |
| Amounts receivable within one year | 40/41 | €29,707 | €17,579 | -€12,128 | -40.8% |
| Trade receivables | 40 | €24,971 | €12,671 | -€12,300 | -49.3% |
| Other amounts receivable | 41 | €4,736 | €4,908 | +€172 | +3.6% |
| Cash at bank and in hand | 54/58 | €85,304 | €23,438 | -€61,866 | -72.5% |
| Deferred charges and accrued income | 490/1 | - | €753 | +€753 | |
| Total equity and liabilities | 10/49 | €160,773 | €77,081 | -€83,693 | -52.1% |
| Equity | 10/15 | €107,561 | €5,349 | -€102,212 | -95.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,000 | - | -€102,000 | |
| Distributable reserves | 133 | €102,000 | - | -€102,000 | |
| Profit (loss) carried forward | 14 | €561 | €349 | -€212 | -37.8% |
| Amounts payable | 17/49 | €53,212 | €71,732 | +€18,519 | +34.8% |
| Amounts payable after more than one year | 17 | €10,871 | €2,185 | -€8,686 | -79.9% |
| Financial debts | 170/4 | €10,871 | €2,185 | -€8,686 | -79.9% |
| Amounts payable within one year | 42/48 | €42,341 | €69,547 | +€27,206 | +64.3% |
| Current portion of amounts payable after more than one year | 42 | €8,629 | €8,686 | +€58 | +0.7% |
| Trade debts | 44 | €1,255 | - | -€1,255 | |
| Suppliers | 440/4 | €1,255 | - | -€1,255 | |
| Taxes, remuneration and social security | 45 | €32,458 | €26,860 | -€5,598 | -17.2% |
| Taxes | 450/3 | €22,041 | €15,893 | -€6,148 | -27.9% |
| Remuneration and social security | 454/9 | €10,417 | €10,967 | +€550 | +5.3% |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Remuneration, social security and pensions | 62 | €36,246 | €36,619 | +€373 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,924 | €12,932 | +€2,008 | +18.4% |
| Other operating charges | 640/8 | €9,647 | €8,123 | -€1,524 | -15.8% |
| Gross operating margin | 9900 | €146,151 | €82,181 | -€63,969 | -43.8% |
| Operating profit (loss) | 9901 | €89,333 | €24,508 | -€64,825 | -72.6% |
| Financial income | 75/76B | €113 | €95 | -€18 | -15.7% |
| Recurring financial income | 75 | €113 | €95 | -€18 | -15.7% |
| Financial charges | 65/66B | €17,942 | €30,410 | +€12,468 | +69.5% |
| Recurring financial charges | 65 | €17,942 | €30,410 | +€12,468 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €71,504 | -€5,807 | -€77,311 | |
| Income taxes | 67/77 | €15,562 | €2,405 | -€13,158 | -84.5% |
| Profit (loss) for the period | 9904 | €55,941 | -€8,212 | -€64,153 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,941 | -€8,212 | -€64,153 |
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 17 October 2026 via checked.be.