CBTT: 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.
CBTT
Largest movements
- Receivables within one year +€653,940
up €653,940 (+173.4%), from €377,211 to €1.0m
- Current investments +€376,896
up €376,896 (+16.8%), from €2.2m to €2.6m
- Cash -€339,103
down €339,103 (-43.2%), from €785,452 to €446,349
mainly Receivables within one year (-€653,940) and Current investments (-€376,896)
- Current portion of long-term debt +€386,000
new in 2024: €386,000
- Reserves +€247,799
up €247,799 (+17.6%), from €1.4m to €1.7m
of which Tax-exempt reserves: +€815,948
- Tax, wage and social debts +€71,975
up €71,975 (+151.3%), from €47,558 to €119,533
- Financial income +€138,145
up €138,145 (+48.6%), from €283,981 to €422,126
- Financial charges -€122,827
down €122,827 (-82.3%), from €149,259 to €26,432
- Taxes +€90,727
up €90,727 (+267.5%), from €33,923 to €124,650
- Gross operating margin -€13,286
down €13,286 (-134.5%), from -€9,877 to -€23,163
- Depreciation -€1,131
down €1,131 (-93.2%), from €1,213 to €82
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,659,595 | €4,364,632 | +€705,036 | +19.3% |
| Fixed assets | 21/28 | €258,082 | €258,000 | -€82 | 0.0% |
| Tangible fixed assets | 22/27 | €82 | - | -€82 | |
| Furniture and vehicles | 24 | €82 | - | -€82 | |
| Financial fixed assets | 28 | €258,000 | €258,000 | = | 0.0% |
| Current assets | 29/58 | €3,401,513 | €4,106,632 | +€705,118 | +20.7% |
| Amounts receivable within one year | 40/41 | €377,211 | €1,031,152 | +€653,940 | +173.4% |
| Other amounts receivable | 41 | €377,211 | €1,031,152 | +€653,940 | +173.4% |
| Current investments | 50/53 | €2,238,850 | €2,615,746 | +€376,896 | +16.8% |
| Cash at bank and in hand | 54/58 | €785,452 | €446,349 | -€339,103 | -43.2% |
| Deferred charges and accrued income | 490/1 | - | €13,385 | +€13,385 | |
| Total equity and liabilities | 10/49 | €3,659,595 | €4,364,632 | +€705,036 | +19.3% |
| Equity | 10/15 | €3,604,216 | €3,852,015 | +€247,799 | +6.9% |
| Contributions | 10/11 | €2,200,000 | €2,200,000 | = | 0.0% |
| Reserves | 13 | €1,404,216 | €1,652,015 | +€247,799 | +17.6% |
| Non-distributable reserves | 130/1 | €160,000 | €720,927 | +€560,927 | +350.6% |
| Reserves not available under the articles | 1311 | €160,000 | €720,927 | +€560,927 | +350.6% |
| Tax-exempt reserves | 132 | - | €815,948 | +€815,948 | |
| Distributable reserves | 133 | €1,244,216 | €115,140 | -€1.1m | -90.7% |
| Amounts payable | 17/49 | €55,380 | €512,617 | +€457,237 | +825.6% |
| Amounts payable within one year | 42/48 | €55,380 | €512,617 | +€457,237 | +825.6% |
| Current portion of amounts payable after more than one year | 42 | - | €386,000 | +€386,000 | |
| Trade debts | 44 | €738 | - | -€738 | |
| Suppliers | 440/4 | €738 | - | -€738 | |
| Taxes, remuneration and social security | 45 | €47,558 | €119,533 | +€71,975 | +151.3% |
| Taxes | 450/3 | €47,558 | €119,533 | +€71,975 | +151.3% |
| Other amounts payable | 47/48 | €7,084 | €7,084 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €82 | -€1,131 | -93.2% |
| Gross operating margin | 9900 | -€9,877 | -€23,163 | -€13,286 | -134.5% |
| Operating profit (loss) | 9901 | -€11,090 | -€23,245 | -€12,156 | -109.6% |
| Financial income | 75/76B | €283,981 | €422,126 | +€138,145 | +48.6% |
| Recurring financial income | 75 | €283,981 | €422,126 | +€138,145 | +48.6% |
| Financial charges | 65/66B | €149,259 | €26,432 | -€122,827 | -82.3% |
| Recurring financial charges | 65 | €149,259 | €26,432 | -€122,827 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €123,633 | €372,449 | +€248,817 | +201.3% |
| Income taxes | 67/77 | €33,923 | €124,650 | +€90,727 | +267.5% |
| Profit (loss) for the period | 9904 | €89,710 | €247,799 | +€158,089 | +176.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,710 | €247,799 | +€158,089 | +176.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.