CBS Development: 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.
What changed
CBS Development
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€162,754
2024 · -€141,152-€21,602
Equity
-€1.0m
2024 · -€849,503-€162,754
Cash
€9,485
2024 · €27,802-€18,317
Balance sheet total
€3.0m
2024 · €4.6m-€1.6m
Largest movements
Assets
- Current investments -€800,000
down €800,000 (-100%), from €800,000 to €0
- Tangible fixed assets -€700,947
down €700,947 (-19.4%), from €3.6m to €2.9m
Equity and liabilities
- Debts after one year -€1.4m
down €1.4m (-27.9%), from €5.1m to €3.7m
- Profit (loss) carried forward -€162,754
down €162,754 (-17.6%), from -€926,503 to -€1.1m
- Current portion of long-term debt +€47,745
up €47,745, from €0 to €47,745
Income statement
- Other operating income -€142,619
down €142,619 (-36.9%), from €386,342 to €243,723
- Goods and materials -€85,628
down €85,628 (-100%), from €85,628 to €0
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.
Result 2024
-€141,152
Other operating income
-€142,619
Goods and materials
+€85,628
Services and other goods
-€12,168
Depreciation
+€44,795
Other operating charges
-€1,952
Other operating items
+€44,860
Financial income
-€18,711
Financial charges
-€21,435
Result 2025
-€162,754
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€183,004
Investment
+€1.2m
Financing
-€1.4m
Cash 2024
€27,802
From operations (derived)
+€183,004
Net result for the year
-€162,754
Depreciation
+€325,807
Receivables within one year
+€41,609
Smaller working-capital items
+€1,515
Accrued charges and deferred income
-€23,175
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€373,279
Current investments
+€800,000
Financing
-€1.4m
Debts after one year
-€1.4m
Current portion of long-term debt
+€47,745
Cash 2025
€9,485
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,577,013 | €3,014,485 | -€1.6m | -34.1% |
| Fixed assets | 21/28 | €3,621,494 | €2,922,408 | -€699,086 | -19.3% |
| Tangible fixed assets | 22/27 | €3,621,494 | €2,920,547 | -€700,947 | -19.4% |
| Other tangible fixed assets | 26 | €3,621,494 | €2,920,547 | -€700,947 | -19.4% |
| Financial fixed assets | 28 | - | €1,861 | +€1,861 | |
| Other financial fixed assets | 284/8 | - | €1,861 | +€1,861 | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,861 | +€1,861 | |
| Current assets | 29/58 | €955,519 | €92,077 | -€863,442 | -90.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €114,969 | €73,360 | -€41,609 | -36.2% |
| Trade receivables | 40 | €5,718 | €246 | -€5,473 | -95.7% |
| Other amounts receivable | 41 | €109,251 | €73,114 | -€36,137 | -33.1% |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100% |
| Other investments | 51/53 | €800,000 | €0 | -€800,000 | -100% |
| Cash at bank and in hand | 54/58 | €27,802 | €9,485 | -€18,317 | -65.9% |
| Deferred charges and accrued income | 490/1 | €12,748 | €9,232 | -€3,515 | -27.6% |
| Total equity and liabilities | 10/49 | €4,577,013 | €3,014,485 | -€1.6m | -34.1% |
| Equity | 10/15 | -€849,503 | -€1,012,257 | -€162,754 | -19.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€926,503 | -€1,089,257 | -€162,754 | -17.6% |
| Amounts payable | 17/49 | €5,426,516 | €4,026,741 | -€1.4m | -25.8% |
| Amounts payable after more than one year | 17 | €5,089,183 | €3,666,838 | -€1.4m | -27.9% |
| Financial debts | 170/4 | €5,089,183 | €3,666,838 | -€1.4m | -27.9% |
| Credit institutions | 173 | - | €202,918 | +€202,918 | |
| Other loans | 174 | €5,089,183 | €3,463,920 | -€1.6m | -31.9% |
| Amounts payable within one year | 42/48 | €34,273 | €80,018 | +€45,745 | +133% |
| Current portion of amounts payable after more than one year | 42 | €0 | €47,745 | +€47,745 | |
| Trade debts | 44 | €34,273 | €32,167 | -€2,106 | -6.1% |
| Suppliers | 440/4 | €34,273 | €32,167 | -€2,106 | -6.1% |
| Taxes, remuneration and social security | 45 | - | €106 | +€106 | |
| Taxes | 450/3 | - | €106 | +€106 | |
| Accrued charges and deferred income | 492/3 | €303,060 | €279,885 | -€23,175 | -7.6% |
| Operating income | 70/76A | €386,342 | €288,583 | -€97,759 | -25.3% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €386,342 | €243,723 | -€142,619 | -36.9% |
| Non-recurring operating income | 76A | - | €44,860 | +€44,860 | |
| Operating charges | 60/66A | €549,323 | €433,020 | -€116,303 | -21.2% |
| Goods for resale, raw materials and consumables | 60 | €85,628 | €0 | -€85,628 | -100% |
| Purchases | 600/8 | €85,628 | €0 | -€85,628 | -100% |
| Services and other goods | 61 | €32,372 | €44,540 | +€12,168 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,602 | €325,807 | -€44,795 | -12.1% |
| Other operating charges | 640/8 | €60,720 | €62,672 | +€1,952 | +3.2% |
| Operating profit (loss) | 9901 | -€162,981 | -€144,436 | +€18,545 | +11.4% |
| Financial income | 75/76B | €22,263 | €3,552 | -€18,711 | -84.0% |
| Recurring financial income | 75 | €22,263 | €3,552 | -€18,711 | -84.0% |
| Income from current assets | 751 | €22,263 | €3,552 | -€18,711 | -84.0% |
| Financial charges | 65/66B | €435 | €21,870 | +€21,435 | +4,933% |
| Recurring financial charges | 65 | €435 | €21,870 | +€21,435 | +4,933% |
| Debt charges | 650 | €30 | €19,690 | +€19,660 | +66,041% |
| Other financial charges | 652/9 | €405 | €2,179 | +€1,775 | +438% |
| Profit (loss) for the period before taxes | 9903 | -€141,152 | -€162,754 | -€21,602 | -15.3% |
| Profit (loss) for the period | 9904 | -€141,152 | -€162,754 | -€21,602 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,152 | -€162,754 | -€21,602 | -15.3% |
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 14 October 2026 via checked.be.