CBS: 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.
CBS
Largest movements
- Tangible fixed assets -€6,915
down €6,915 (-37.0%), from €18,680 to €11,765
- Cash -€3,081
down €3,081 (-35.0%), from €8,813 to €5,732
mainly Debts after one year (-€10,633) and Other debts (-€5,883)
- Stocks and contracts -€1,103
down €1,103 (-2.9%), from €38,455 to €37,353
- Receivables within one year +€972
up €972 (+281%), from €346 to €1,318
of which Trade receivables: +€984
- Short-term financial debts +€11,500
up €11,500 (+36.5%), from €31,500 to €43,000
- Debts after one year -€10,633
down €10,633 (-23.8%), from €44,684 to €34,051
- Other debts -€5,883
down €5,883 (-91.2%), from €6,452 to €568
- Current portion of long-term debt -€3,182
down €3,182 (-54.7%), from €5,815 to €2,633
- Profit (loss) carried forward -€2,548
down €2,548 (-6.8%), from -€37,459 to -€40,006
- Gross operating margin +€6,109
up €6,109 (+21.2%), from €28,800 to €34,909
- Depreciation -€3,692
down €3,692 (-34.8%), from €10,607 to €6,915
- Financial charges -€1,924
down €1,924 (-33.1%), from €5,817 to €3,893
- Staff costs +€1,283
up €1,283 (+5.1%), from €25,300 to €26,583
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 | €76,610 | €66,431 | -€10,179 | -13.3% |
| Fixed assets | 21/28 | €23,230 | €16,315 | -€6,915 | -29.8% |
| Tangible fixed assets | 22/27 | €18,680 | €11,765 | -€6,915 | -37.0% |
| Furniture and vehicles | 24 | €18,680 | €11,765 | -€6,915 | -37.0% |
| Financial fixed assets | 28 | €4,550 | €4,550 | = | 0.0% |
| Current assets | 29/58 | €53,379 | €50,115 | -€3,264 | -6.1% |
| Stocks and contracts in progress | 3 | €38,455 | €37,353 | -€1,103 | -2.9% |
| Stocks | 30/36 | €38,455 | €37,353 | -€1,103 | -2.9% |
| Amounts receivable within one year | 40/41 | €346 | €1,318 | +€972 | +281% |
| Trade receivables | 40 | €334 | €1,318 | +€984 | +295% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €8,813 | €5,732 | -€3,081 | -35.0% |
| Deferred charges and accrued income | 490/1 | €5,765 | €5,713 | -€52 | -0.9% |
| Total equity and liabilities | 10/49 | €76,610 | €66,431 | -€10,179 | -13.3% |
| Equity | 10/15 | -€31,259 | -€33,806 | -€2,548 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,459 | -€40,006 | -€2,548 | -6.8% |
| Amounts payable | 17/49 | €107,869 | €100,237 | -€7,631 | -7.1% |
| Amounts payable after more than one year | 17 | €44,684 | €34,051 | -€10,633 | -23.8% |
| Financial debts | 170/4 | €44,684 | €34,051 | -€10,633 | -23.8% |
| Amounts payable within one year | 42/48 | €63,057 | €65,513 | +€2,457 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €5,815 | €2,633 | -€3,182 | -54.7% |
| Financial debts | 43 | €31,500 | €43,000 | +€11,500 | +36.5% |
| Credit institutions | 430/8 | €31,500 | €43,000 | +€11,500 | +36.5% |
| Trade debts | 44 | €11,560 | €11,272 | -€288 | -2.5% |
| Suppliers | 440/4 | €11,560 | €11,272 | -€288 | -2.5% |
| Taxes, remuneration and social security | 45 | €7,730 | €8,040 | +€310 | +4.0% |
| Taxes | 450/3 | €2,663 | €2,319 | -€344 | -12.9% |
| Remuneration and social security | 454/9 | €5,067 | €5,721 | +€654 | +12.9% |
| Other amounts payable | 47/48 | €6,452 | €568 | -€5,883 | -91.2% |
| Accrued charges and deferred income | 492/3 | €128 | €673 | +€545 | +425% |
| Remuneration, social security and pensions | 62 | €25,300 | €26,583 | +€1,283 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,607 | €6,915 | -€3,692 | -34.8% |
| Other operating charges | 640/8 | €312 | €255 | -€57 | -18.2% |
| Gross operating margin | 9900 | €28,800 | €34,909 | +€6,109 | +21.2% |
| Operating profit (loss) | 9901 | -€7,419 | €1,156 | +€8,575 | |
| Financial income | 75/76B | €559 | €330 | -€229 | -40.9% |
| Recurring financial income | 75 | €559 | €330 | -€229 | -40.9% |
| Financial charges | 65/66B | €5,817 | €3,893 | -€1,924 | -33.1% |
| Recurring financial charges | 65 | €5,817 | €3,893 | -€1,924 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,677 | -€2,407 | +€10,270 | +81.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,817 | -€2,548 | +€10,269 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,817 | -€2,548 | +€10,269 | +80.1% |
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 24 October 2026 via checked.be.