CBTS: what changed
Two fiscal 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.
CBTS
Largest movements
- Receivables within one year +€103,336
up €103,336 (+58.9%), from €175,426 to €278,762
of which Other amounts receivable: +€73,746
- Stocks and contracts +€72,308
up €72,308 (+117.9%), from €61,321 to €133,630
- Cash -€56,776
down €56,776 (-40.7%), from €139,502 to €82,726
mainly Receivables within one year (-€103,336) and Other debts (-€78,548)
- Tangible fixed assets +€35,485
up €35,485 (+50.5%), from €70,218 to €105,703
of which Plant, machinery and equipment: +€32,989
- Financial fixed assets -€19,250
down €19,250 (-96.3%), from €20,000 to €750
- Trade debts +€143,957
up €143,957 (+112.0%), from €128,580 to €272,537
- Other debts -€78,548
down €78,548 (-91.4%), from €85,935 to €7,387
- Short-term financial debts +€48,159
up €48,159 (+951.0%), from €5,064 to €53,223
- Debts after one year +€37,657
up €37,657 (+78.0%), from €48,253 to €85,910
- Tax, wage and social debts -€16,658
down €16,658 (-39.1%), from €42,601 to €25,943
of which Taxes: -€32,404
- Staff costs +€108,023
up €108,023 (+92.5%), from €116,803 to €224,826
- Gross operating margin -€97,046
down €97,046 (-24.5%), from €396,748 to €299,702
- Taxes -€59,915
down €59,915 (-98.8%), from €60,619 to €703
- Depreciation +€11,065
up €11,065 (+51.4%), from €21,543 to €32,609
- Write-downs +€9,355
new in 2025: €9,355
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 | €472,139 | €609,601 | +€137,462 | +29.1% |
| Fixed assets | 21/28 | €90,218 | €106,453 | +€16,235 | +18.0% |
| Tangible fixed assets | 22/27 | €70,218 | €105,703 | +€35,485 | +50.5% |
| Plant, machinery and equipment | 23 | €37,372 | €70,361 | +€32,989 | +88.3% |
| Furniture and vehicles | 24 | €32,846 | €31,162 | -€1,684 | -5.1% |
| Other tangible fixed assets | 26 | - | €4,180 | +€4,180 | |
| Financial fixed assets | 28 | €20,000 | €750 | -€19,250 | -96.3% |
| Current assets | 29/58 | €381,921 | €503,148 | +€121,227 | +31.7% |
| Stocks and contracts in progress | 3 | €61,321 | €133,630 | +€72,308 | +117.9% |
| Stocks | 30/36 | €61,321 | €133,630 | +€72,308 | +117.9% |
| Amounts receivable within one year | 40/41 | €175,426 | €278,762 | +€103,336 | +58.9% |
| Trade receivables | 40 | €172,711 | €202,302 | +€29,591 | +17.1% |
| Other amounts receivable | 41 | €2,715 | €76,460 | +€73,746 | +2716.6% |
| Cash at bank and in hand | 54/58 | €139,502 | €82,726 | -€56,776 | -40.7% |
| Deferred charges and accrued income | 490/1 | €5,671 | €8,030 | +€2,358 | +41.6% |
| Total equity and liabilities | 10/49 | €472,139 | €609,601 | +€137,462 | +29.1% |
| Equity | 10/15 | €135,650 | €138,193 | +€2,543 | +1.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €133,150 | €135,693 | +€2,543 | +1.9% |
| Distributable reserves | 133 | €133,150 | €135,693 | +€2,543 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €336,489 | €471,408 | +€134,919 | +40.1% |
| Amounts payable after more than one year | 17 | €48,253 | €85,910 | +€37,657 | +78.0% |
| Financial debts | 170/4 | €48,253 | €85,910 | +€37,657 | +78.0% |
| Amounts payable within one year | 42/48 | €282,228 | €384,785 | +€102,557 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €20,049 | €25,694 | +€5,645 | +28.2% |
| Financial debts | 43 | €5,064 | €53,223 | +€48,159 | +951.0% |
| Credit institutions | 430/8 | €5,064 | €53,223 | +€48,159 | +951.0% |
| Trade debts | 44 | €128,580 | €272,537 | +€143,957 | +112.0% |
| Suppliers | 440/4 | €128,580 | €272,537 | +€143,957 | +112.0% |
| Taxes, remuneration and social security | 45 | €42,601 | €25,943 | -€16,658 | -39.1% |
| Taxes | 450/3 | €32,404 | €0 | -€32,404 | -100.0% |
| Remuneration and social security | 454/9 | €10,197 | €25,943 | +€15,746 | +154.4% |
| Other amounts payable | 47/48 | €85,935 | €7,387 | -€78,548 | -91.4% |
| Accrued charges and deferred income | 492/3 | €6,007 | €713 | -€5,294 | -88.1% |
| Remuneration, social security and pensions | 62 | €116,803 | €224,826 | +€108,023 | +92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,543 | €32,609 | +€11,065 | +51.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,355 | +€9,355 | |
| Other operating charges | 640/8 | €9,661 | €16,313 | +€6,652 | +68.9% |
| Gross operating margin | 9900 | €396,748 | €299,702 | -€97,046 | -24.5% |
| Operating profit (loss) | 9901 | €248,740 | €16,599 | -€232,141 | -93.3% |
| Financial income | 75/76B | €2,229 | €836 | -€1,393 | -62.5% |
| Recurring financial income | 75 | €2,229 | €836 | -€1,393 | -62.5% |
| Financial charges | 65/66B | €13,251 | €14,188 | +€937 | +7.1% |
| Recurring financial charges | 65 | €13,251 | €14,188 | +€937 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €237,718 | €3,246 | -€234,471 | -98.6% |
| Income taxes | 67/77 | €60,619 | €703 | -€59,915 | -98.8% |
| Profit (loss) for the period | 9904 | €177,099 | €2,543 | -€174,556 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €177,099 | €2,543 | -€174,556 | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.