CBS-Invest: 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-Invest
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14,395
2024 · -€20,219+€5,824
Equity
€2.9m
2024 · €4.9m-€2.0m
Cash
€92,430
2024 · €10,736+€81,694
Balance sheet total
€2.9m
2024 · €4.9m-€2.0m
Largest movements
Assets
- Receivables after one year -€3.9m
down €3.9m (-100%), from €3.9m to €0
- Financial fixed assets +€2.3m
new in 2025: €2.3m
- Current investments -€325,000
down €325,000 (-100%), from €325,000 to €0
- Tangible fixed assets -€93,274
down €93,274 (-14.5%), from €642,145 to €548,871
- Cash +€81,694
up €81,694 (+761%), from €10,736 to €92,430
mainly Receivables after one year (+€3.9m) and Current investments (+€325,000)
Equity and liabilities
- Profit (loss) carried forward -€2.0m
down €2.0m (-78.1%), from €2.6m to €564,729
- Other debts +€50,492
new in 2025: €50,492
Income statement
No income-statement line moved by more than 1% of the activity.
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
-€20,219
Other operating income
-€1
Goods and materials
+€16,940
Services and other goods
-€22,526
Other operating charges
-€233
Other operating items
+€11,726
Financial income
+€412
Financial charges
-€493
Result 2025
-€14,395
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
+€3.9m
Investment
-€1.8m
Financing
-€2.0m
Cash 2024
€10,736
From operations (derived)
+€3.9m
Net result for the year
-€14,395
Receivables after one year
+€3.9m
Smaller working-capital items
+€2,059
Other debts
+€50,492
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€2.2m
Current investments
+€325,000
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€92,430
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,887,345 | €2,923,624 | -€2.0m | -40.2% |
| Fixed assets | 21/28 | €642,145 | €2,812,791 | +€2.2m | +338% |
| Tangible fixed assets | 22/27 | €642,145 | €548,871 | -€93,274 | -14.5% |
| Other tangible fixed assets | 26 | €642,145 | €548,871 | -€93,274 | -14.5% |
| Financial fixed assets | 28 | - | €2,263,920 | +€2.3m | |
| Affiliated companies | 280/1 | - | €2,263,920 | +€2.3m | |
| Amounts receivable | 281 | - | €2,263,920 | +€2.3m | |
| Current assets | 29/58 | €4,245,200 | €110,833 | -€4.1m | -97.4% |
| Amounts receivable after more than one year | 29 | €3,889,183 | €0 | -€3.9m | -100% |
| Other amounts receivable | 291 | €3,889,183 | €0 | -€3.9m | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €19,805 | €18,404 | -€1,402 | -7.1% |
| Other amounts receivable | 41 | €19,805 | €18,404 | -€1,402 | -7.1% |
| Current investments | 50/53 | €325,000 | €0 | -€325,000 | -100% |
| Other investments | 51/53 | €325,000 | €0 | -€325,000 | -100% |
| Cash at bank and in hand | 54/58 | €10,736 | €92,430 | +€81,694 | +761% |
| Deferred charges and accrued income | 490/1 | €475 | €0 | -€475 | -100% |
| Total equity and liabilities | 10/49 | €4,887,345 | €2,923,624 | -€2.0m | -40.2% |
| Equity | 10/15 | €4,876,424 | €2,862,029 | -€2.0m | -41.3% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Capital | 10 | €2,100,000 | €2,100,000 | = | 0.0% |
| Issued capital | 100 | €2,100,000 | €2,100,000 | = | 0.0% |
| Reserves | 13 | €197,300 | €197,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €197,300 | €197,300 | = | 0.0% |
| Legal reserve | 130 | €197,300 | €197,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,579,124 | €564,729 | -€2.0m | -78.1% |
| Amounts payable | 17/49 | €10,921 | €61,595 | +€50,674 | +464% |
| Amounts payable within one year | 42/48 | €3,621 | €53,987 | +€50,366 | +1,391% |
| Trade debts | 44 | €3,621 | €3,495 | -€126 | -3.5% |
| Suppliers | 440/4 | €3,621 | €3,495 | -€126 | -3.5% |
| Other amounts payable | 47/48 | - | €50,492 | +€50,492 | |
| Accrued charges and deferred income | 492/3 | €7,300 | €7,608 | +€308 | +4.2% |
| Operating income | 70/76A | €2 | €11,727 | +€11,725 | +586,235% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €2 | €1 | -€1 | -50.0% |
| Non-recurring operating income | 76A | - | €11,726 | +€11,726 | |
| Operating charges | 60/66A | €29,935 | €35,754 | +€5,819 | +19.4% |
| Goods for resale, raw materials and consumables | 60 | €16,940 | €0 | -€16,940 | -100% |
| Purchases | 600/8 | €16,940 | €0 | -€16,940 | -100% |
| Services and other goods | 61 | €11,901 | €34,428 | +€22,526 | +189% |
| Other operating charges | 640/8 | €1,094 | €1,326 | +€233 | +21.3% |
| Operating profit (loss) | 9901 | -€29,933 | -€24,027 | +€5,906 | +19.7% |
| Financial income | 75/76B | €9,918 | €10,329 | +€412 | +4.2% |
| Recurring financial income | 75 | €9,918 | €10,329 | +€412 | +4.2% |
| Income from current assets | 751 | €9,918 | €10,329 | +€412 | +4.2% |
| Financial charges | 65/66B | €204 | €697 | +€493 | +242% |
| Recurring financial charges | 65 | €204 | €697 | +€493 | +242% |
| Debt charges | 650 | €0 | €492 | +€492 | |
| Other financial charges | 652/9 | €204 | €205 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,219 | -€14,395 | +€5,824 | +28.8% |
| Profit (loss) for the period | 9904 | -€20,219 | -€14,395 | +€5,824 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,219 | -€14,395 | +€5,824 | +28.8% |
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 31 October 2026 via checked.be.