CBT - TRANS: 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.
CBT - TRANS
Largest movements
- Receivables within one year +€90,982
up €90,982 (+49.0%), from €185,784 to €276,766
of which Trade receivables: +€105,974
- Tangible fixed assets -€71,737
down €71,737 (-6.5%), from €1.1m to €1.0m
of which Land and buildings: -€43,272
- Cash +€70,262
up €70,262 (+9.7%), from €723,732 to €793,994
mainly Net result for the year (+€314,860) and Depreciation (+€136,953)
- Reserves +€314,860
up €314,860 (+23.3%), from €1.3m to €1.7m
of which Distributable reserves: +€314,860
- Trade debts -€174,198
down €174,198 (-59.3%), from €293,732 to €119,534
- Debts after one year -€62,855
down €62,855 (-34.8%), from €180,369 to €117,514
- Depreciation +€49,545
up €49,545 (+56.7%), from €87,409 to €136,953
- Staff costs -€34,360
down €34,360 (-20.4%), from €168,410 to €134,050
- Gross operating margin +€24,566
up €24,566 (+3.4%), from €732,372 to €756,938
- Taxes +€8,175
up €8,175 (+8.1%), from €100,787 to €108,962
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.
Cash bridge derived
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 | €2,114,448 | €2,203,955 | +€89,506 | +4.2% |
| Fixed assets | 21/28 | €1,204,932 | €1,133,195 | -€71,737 | -6.0% |
| Tangible fixed assets | 22/27 | €1,105,775 | €1,034,037 | -€71,737 | -6.5% |
| Land and buildings | 22 | €833,295 | €790,023 | -€43,272 | -5.2% |
| Plant, machinery and equipment | 23 | €246,286 | €225,545 | -€20,741 | -8.4% |
| Furniture and vehicles | 24 | €26,194 | €18,469 | -€7,725 | -29.5% |
| Financial fixed assets | 28 | €99,157 | €99,157 | = | 0.0% |
| Current assets | 29/58 | €909,517 | €1,070,760 | +€161,244 | +17.7% |
| Amounts receivable within one year | 40/41 | €185,784 | €276,766 | +€90,982 | +49.0% |
| Trade receivables | 40 | €165,733 | €271,707 | +€105,974 | +63.9% |
| Other amounts receivable | 41 | €20,051 | €5,059 | -€14,992 | -74.8% |
| Cash at bank and in hand | 54/58 | €723,732 | €793,994 | +€70,262 | +9.7% |
| Total equity and liabilities | 10/49 | €2,114,448 | €2,203,955 | +€89,506 | +4.2% |
| Equity | 10/15 | €1,507,301 | €1,822,161 | +€314,860 | +20.9% |
| Contributions | 10/11 | €158,652 | €158,652 | = | 0.0% |
| Reserves | 13 | €1,348,649 | €1,663,509 | +€314,860 | +23.3% |
| Non-distributable reserves | 130/1 | €15,865 | €15,865 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,865 | €15,865 | = | 0.0% |
| Distributable reserves | 133 | €1,332,784 | €1,647,644 | +€314,860 | +23.6% |
| Amounts payable | 17/49 | €607,147 | €381,794 | -€225,353 | -37.1% |
| Amounts payable after more than one year | 17 | €180,369 | €117,514 | -€62,855 | -34.8% |
| Financial debts | 170/4 | €180,369 | €117,514 | -€62,855 | -34.8% |
| Amounts payable within one year | 42/48 | €410,678 | €251,538 | -€159,140 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €60,588 | €62,855 | +€2,267 | +3.7% |
| Trade debts | 44 | €293,732 | €119,534 | -€174,198 | -59.3% |
| Suppliers | 440/4 | €293,732 | €119,534 | -€174,198 | -59.3% |
| Taxes, remuneration and social security | 45 | €53,204 | €55,897 | +€2,693 | +5.1% |
| Taxes | 450/3 | €48,008 | €49,148 | +€1,140 | +2.4% |
| Remuneration and social security | 454/9 | €5,195 | €6,749 | +€1,553 | +29.9% |
| Other amounts payable | 47/48 | €3,154 | €13,252 | +€10,098 | +320.2% |
| Accrued charges and deferred income | 492/3 | €16,101 | €12,742 | -€3,358 | -20.9% |
| Remuneration, social security and pensions | 62 | €168,410 | €134,050 | -€34,360 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,409 | €136,953 | +€49,545 | +56.7% |
| Other operating charges | 640/8 | €51,651 | €54,127 | +€2,476 | +4.8% |
| Gross operating margin | 9900 | €732,372 | €756,938 | +€24,566 | +3.4% |
| Operating profit (loss) | 9901 | €424,901 | €431,807 | +€6,906 | +1.6% |
| Financial income | 75/76B | - | €381 | +€381 | |
| Recurring financial income | 75 | - | €381 | +€381 | |
| Financial charges | 65/66B | €10,460 | €8,367 | -€2,093 | -20.0% |
| Recurring financial charges | 65 | €10,460 | €8,367 | -€2,093 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €414,441 | €423,821 | +€9,381 | +2.3% |
| Income taxes | 67/77 | €100,787 | €108,962 | +€8,175 | +8.1% |
| Profit (loss) for the period | 9904 | €313,654 | €314,860 | +€1,205 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €313,654 | €314,860 | +€1,205 | +0.4% |
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 10 October 2026 via checked.be.