CBTRA: 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.
CBTRA
Largest movements
- Tangible fixed assets +€45,833
up €45,833 (+372%), from €12,332 to €58,165
of which Furniture and vehicles: +€44,141
- Cash +€27,037
up €27,037 (+115%), from €23,526 to €50,564
mainly Debts after one year (+€29,281) and Net result for the year (+€20,537)
- Receivables within one year -€9,705
down €9,705 (-27.5%), from €35,337 to €25,632
of which Trade receivables: -€9,850
- Deferred charges and accrued income +€1,450
up €1,450 (+26.2%), from €5,529 to €6,980
- Debts after one year +€29,281
new in 2025: €29,281
- Reserves +€20,000
up €20,000 (+32.6%), from €61,260 to €81,260
of which Distributable reserves: +€20,000
- Current portion of long-term debt +€11,418
new in 2025: €11,418
- Tax, wage and social debts +€9,236
up €9,236 (+90.5%), from €10,207 to €19,443
- Trade debts -€5,855
down €5,855 (-81.2%), from €7,215 to €1,360
- Gross operating margin +€15,088
up €15,088 (+53.8%), from €28,046 to €43,134
- Depreciation +€7,028
up €7,028 (+312%), from €2,251 to €9,279
- Taxes +€3,909
up €3,909 (+78.4%), from €4,988 to €8,897
- Other operating charges +€2,391
up €2,391 (+695%), from €344 to €2,735
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 | €76,725 | €141,341 | +€64,615 | +84.2% |
| Fixed assets | 21/28 | €12,332 | €58,165 | +€45,833 | +372% |
| Tangible fixed assets | 22/27 | €12,332 | €58,165 | +€45,833 | +372% |
| Land and buildings | 22 | €8,696 | €10,478 | +€1,783 | +20.5% |
| Plant, machinery and equipment | 23 | €91 | - | -€91 | |
| Furniture and vehicles | 24 | €3,546 | €47,687 | +€44,141 | +1,245% |
| Current assets | 29/58 | €64,393 | €83,175 | +€18,782 | +29.2% |
| Amounts receivable within one year | 40/41 | €35,337 | €25,632 | -€9,705 | -27.5% |
| Trade receivables | 40 | €29,528 | €19,678 | -€9,850 | -33.4% |
| Other amounts receivable | 41 | €5,809 | €5,954 | +€145 | +2.5% |
| Cash at bank and in hand | 54/58 | €23,526 | €50,564 | +€27,037 | +115% |
| Deferred charges and accrued income | 490/1 | €5,529 | €6,980 | +€1,450 | +26.2% |
| Total equity and liabilities | 10/49 | €76,725 | €141,341 | +€64,615 | +84.2% |
| Equity | 10/15 | €59,282 | €79,818 | +€20,537 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,260 | €81,260 | +€20,000 | +32.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,400 | €79,400 | +€20,000 | +33.7% |
| Profit (loss) carried forward | 14 | -€20,578 | -€20,042 | +€537 | +2.6% |
| Amounts payable | 17/49 | €17,444 | €61,522 | +€44,079 | +253% |
| Amounts payable after more than one year | 17 | - | €29,281 | +€29,281 | |
| Financial debts | 170/4 | - | €29,281 | +€29,281 | |
| Amounts payable within one year | 42/48 | €17,422 | €32,221 | +€14,799 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,418 | +€11,418 | |
| Trade debts | 44 | €7,215 | €1,360 | -€5,855 | -81.2% |
| Suppliers | 440/4 | €7,215 | €1,360 | -€5,855 | -81.2% |
| Taxes, remuneration and social security | 45 | €10,207 | €19,443 | +€9,236 | +90.5% |
| Taxes | 450/3 | €10,207 | €19,443 | +€9,236 | +90.5% |
| Accrued charges and deferred income | 492/3 | €22 | €21 | -€1 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,251 | €9,279 | +€7,028 | +312% |
| Other operating charges | 640/8 | €344 | €2,735 | +€2,391 | +695% |
| Gross operating margin | 9900 | €28,046 | €43,134 | +€15,088 | +53.8% |
| Operating profit (loss) | 9901 | €25,450 | €31,120 | +€5,669 | +22.3% |
| Financial income | 75/76B | €92 | €109 | +€17 | +18.2% |
| Recurring financial income | 75 | €92 | €109 | +€17 | +18.2% |
| Financial charges | 65/66B | €1,636 | €1,795 | +€159 | +9.7% |
| Recurring financial charges | 65 | €1,636 | €1,795 | +€159 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €23,907 | €29,434 | +€5,527 | +23.1% |
| Income taxes | 67/77 | €4,988 | €8,897 | +€3,909 | +78.4% |
| Profit (loss) for the period | 9904 | €18,918 | €20,537 | +€1,618 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,918 | €20,537 | +€1,618 | +8.6% |
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 13 October 2026 via checked.be.