CBV Management & Services: 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.
CBV Management & Services
Largest movements
- Financial fixed assets +€900,000
up €900,000 (+1,720%), from €52,326 to €952,326
- Receivables after one year -€97,674
down €97,674 (-100%), from €97,674 to €0
- Tangible fixed assets -€33,109
down €33,109 (-6.2%), from €536,260 to €503,151
of which Land and buildings: -€32,852
- Profit (loss) carried forward +€584,059
up €584,059 (+259%), from €225,886 to €809,945
- Debts after one year +€168,042
up €168,042 (+43.0%), from €390,511 to €558,553
of which Other amounts payable: +€84,514
- Financial income +€542,717
up €542,717 (+14,347%), from €3,783 to €546,500
- Financial charges +€14,624
up €14,624 (+268%), from €5,459 to €20,083
- Gross operating margin +€6,351
up €6,351 (+6.0%), from €106,432 to €112,783
- Other operating charges -€5,075
down €5,075 (-87.0%), from €5,832 to €757
- Taxes +€2,357
up €2,357 (+17.2%), from €13,722 to €16,079
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 | €727,907 | €1,506,401 | +€778,494 | +107% |
| Fixed assets | 21/28 | €588,586 | €1,455,476 | +€866,891 | +147% |
| Tangible fixed assets | 22/27 | €536,260 | €503,151 | -€33,109 | -6.2% |
| Land and buildings | 22 | €533,532 | €500,680 | -€32,852 | -6.2% |
| Furniture and vehicles | 24 | €2,729 | €2,471 | -€258 | -9.4% |
| Financial fixed assets | 28 | €52,326 | €952,326 | +€900,000 | +1,720% |
| Current assets | 29/58 | €139,321 | €50,925 | -€88,397 | -63.4% |
| Amounts receivable after more than one year | 29 | €97,674 | €0 | -€97,674 | -100% |
| Trade receivables | 290 | €97,674 | €0 | -€97,674 | -100% |
| Amounts receivable within one year | 40/41 | €23,754 | €22,104 | -€1,651 | -6.9% |
| Trade receivables | 40 | €23,656 | €22,104 | -€1,553 | -6.6% |
| Other amounts receivable | 41 | €98 | €0 | -€98 | -100% |
| Cash at bank and in hand | 54/58 | €12,949 | €22,290 | +€9,342 | +72.1% |
| Deferred charges and accrued income | 490/1 | €4,944 | €6,531 | +€1,587 | +32.1% |
| Total equity and liabilities | 10/49 | €727,907 | €1,506,401 | +€778,494 | +107% |
| Equity | 10/15 | €255,220 | €839,279 | +€584,059 | +229% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions outside capital | 11 | €20,460 | - | -€20,460 | |
| Share premium | 1100/10 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €8,874 | €10,734 | +€1,860 | +21.0% |
| Tax-exempt reserves | 132 | €8,874 | €8,874 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €225,886 | €809,945 | +€584,059 | +259% |
| Amounts payable | 17/49 | €472,687 | €667,123 | +€194,435 | +41.1% |
| Amounts payable after more than one year | 17 | €390,511 | €558,553 | +€168,042 | +43.0% |
| Financial debts | 170/4 | €205,369 | €288,896 | +€83,528 | +40.7% |
| Other amounts payable | 178/9 | €185,143 | €269,656 | +€84,514 | +45.6% |
| Amounts payable within one year | 42/48 | €79,830 | €106,878 | +€27,049 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €63,086 | €77,038 | +€13,953 | +22.1% |
| Financial debts | 43 | - | €5,057 | +€5,057 | |
| Credit institutions | 430/8 | - | €5,057 | +€5,057 | |
| Trade debts | 44 | €1,459 | €11,578 | +€10,120 | +694% |
| Suppliers | 440/4 | €1,459 | €11,578 | +€10,120 | +694% |
| Taxes, remuneration and social security | 45 | €15,285 | €13,205 | -€2,081 | -13.6% |
| Taxes | 450/3 | €12,285 | €13,205 | +€919 | +7.5% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Accrued charges and deferred income | 492/3 | €2,346 | €1,692 | -€655 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,533 | €38,002 | +€469 | +1.2% |
| Other operating charges | 640/8 | €5,832 | €757 | -€5,075 | -87.0% |
| Non-recurring operating charges | 66A | - | €304 | +€304 | |
| Gross operating margin | 9900 | €106,432 | €112,783 | +€6,351 | +6.0% |
| Operating profit (loss) | 9901 | €63,067 | €73,721 | +€10,654 | +16.9% |
| Financial income | 75/76B | €3,783 | €546,500 | +€542,717 | +14,347% |
| Recurring financial income | 75 | €3,783 | €546,500 | +€542,717 | +14,347% |
| Financial charges | 65/66B | €5,459 | €20,083 | +€14,624 | +268% |
| Recurring financial charges | 65 | €5,459 | €20,083 | +€14,624 | +268% |
| Profit (loss) for the period before taxes | 9903 | €61,391 | €600,138 | +€538,747 | +878% |
| Income taxes | 67/77 | €13,722 | €16,079 | +€2,357 | +17.2% |
| Profit (loss) for the period | 9904 | €47,669 | €584,059 | +€536,390 | +1,125% |
| Profit (loss) for the period to be appropriated | 9905 | €47,669 | €584,059 | +€536,390 | +1,125% |
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 20 October 2026 via checked.be.