CBW: 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.
CBW
Largest movements
- Tangible fixed assets -€48,206
down €48,206 (-3.7%), from €1.3m to €1.3m
of which Land and buildings: -€47,187
- Profit (loss) carried forward -€76,532
down €76,532 (-5.7%), from -€1.3m to -€1.4m
- Other debts +€67,632
up €67,632 (+3.9%), from €1.8m to €1.8m
- Debts after one year -€53,001
down €53,001 (-10.1%), from €527,183 to €474,182
- Trade debts +€21,071
up €21,071 (+30.2%), from €69,702 to €90,773
- Gross operating margin -€7,948
down €7,948 (-96.1%), from -€8,274 to -€16,223
- Financial income +€2,393
up €2,393 (+23.8%), from €10,049 to €12,441
- Other operating charges -€929
down €929 (-6.8%), from €13,597 to €12,668
- Financial charges -€635
down €635 (-5.1%), from €12,512 to €11,876
- Depreciation -€445
down €445 (-0.9%), from €48,651 to €48,206
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.
Derived cash bridge
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 | €1,923,825 | €1,883,914 | -€39,911 | -2.1% |
| Fixed assets | 21/28 | €1,316,970 | €1,268,764 | -€48,206 | -3.7% |
| Tangible fixed assets | 22/27 | €1,311,466 | €1,263,260 | -€48,206 | -3.7% |
| Land and buildings | 22 | €1,300,373 | €1,253,185 | -€47,187 | -3.6% |
| Plant, machinery and equipment | 23 | €8,708 | €7,689 | -€1,019 | -11.7% |
| Assets under construction and advance payments | 27 | €2,385 | €2,385 | = | 0.0% |
| Financial fixed assets | 28 | €5,504 | €5,504 | = | 0.0% |
| Current assets | 29/58 | €606,855 | €615,151 | +€8,295 | +1.4% |
| Amounts receivable after more than one year | 29 | €342,322 | €351,142 | +€8,820 | +2.6% |
| Other amounts receivable | 291 | €342,322 | €351,142 | +€8,820 | +2.6% |
| Amounts receivable within one year | 40/41 | €263,718 | €263,800 | +€82 | 0.0% |
| Trade receivables | 40 | €186,636 | €186,636 | +€0 | 0.0% |
| Other amounts receivable | 41 | €77,082 | €77,164 | +€81 | +0.1% |
| Cash at bank and in hand | 54/58 | €815 | €209 | -€606 | -74.3% |
| Total equity and liabilities | 10/49 | €1,923,825 | €1,883,914 | -€39,911 | -2.1% |
| Equity | 10/15 | -€478,229 | -€554,762 | -€76,532 | -16.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €803,089 | €803,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,343,818 | -€1,420,351 | -€76,532 | -5.7% |
| Amounts payable | 17/49 | €2,402,055 | €2,438,676 | +€36,622 | +1.5% |
| Amounts payable after more than one year | 17 | €527,183 | €474,182 | -€53,001 | -10.1% |
| Financial debts | 170/4 | €527,183 | €474,182 | -€53,001 | -10.1% |
| Amounts payable within one year | 42/48 | €1,874,871 | €1,964,494 | +€89,623 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €52,132 | €53,052 | +€920 | +1.8% |
| Trade debts | 44 | €69,702 | €90,773 | +€21,071 | +30.2% |
| Suppliers | 440/4 | €69,702 | €90,773 | +€21,071 | +30.2% |
| Other amounts payable | 47/48 | €1,753,037 | €1,820,670 | +€67,632 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,651 | €48,206 | -€445 | -0.9% |
| Other operating charges | 640/8 | €13,597 | €12,668 | -€929 | -6.8% |
| Gross operating margin | 9900 | -€8,274 | -€16,223 | -€7,948 | -96.1% |
| Operating profit (loss) | 9901 | -€70,523 | -€77,097 | -€6,574 | -9.3% |
| Financial income | 75/76B | €10,049 | €12,441 | +€2,393 | +23.8% |
| Recurring financial income | 75 | €10,049 | €12,441 | +€2,393 | +23.8% |
| Financial charges | 65/66B | €12,512 | €11,876 | -€635 | -5.1% |
| Recurring financial charges | 65 | €12,512 | €11,876 | -€635 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€72,986 | -€76,532 | -€3,547 | -4.9% |
| Profit (loss) for the period | 9904 | -€72,986 | -€76,532 | -€3,547 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,986 | -€76,532 | -€3,547 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.