CERBO: 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.
CERBO
Largest movements
- Tangible fixed assets -€11,432
down €11,432 (-3.6%), from €317,765 to €306,334
of which Land and buildings: -€12,138
- Cash -€3,589
down €3,589 (-19.8%), from €18,142 to €14,553
mainly Net result for the year (-€10,400) and Trade debts (-€2,456)
- Reserves -€10,400
down €10,400 (-3.3%), from €313,036 to €302,636
of which Distributable reserves: -€10,400
- Other operating charges +€7,626
up €7,626 (+247.4%), from €3,083 to €10,709
- Gross operating margin +€3,954
up €3,954 (+38.4%), from €10,306 to €14,260
- Depreciation -€1,203
down €1,203 (-8.0%), from €14,958 to €13,755
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 | €337,300 | €322,394 | -€14,906 | -4.4% |
| Fixed assets | 21/28 | €317,765 | €306,334 | -€11,432 | -3.6% |
| Tangible fixed assets | 22/27 | €317,765 | €306,334 | -€11,432 | -3.6% |
| Land and buildings | 22 | €287,042 | €274,903 | -€12,138 | -4.2% |
| Plant, machinery and equipment | 23 | €3,830 | €2,823 | -€1,008 | -26.3% |
| Furniture and vehicles | 24 | €26,893 | €28,608 | +€1,714 | +6.4% |
| Current assets | 29/58 | €19,535 | €16,060 | -€3,475 | -17.8% |
| Cash at bank and in hand | 54/58 | €18,142 | €14,553 | -€3,589 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,507 | +€114 | +8.2% |
| Total equity and liabilities | 10/49 | €337,300 | €322,394 | -€14,906 | -4.4% |
| Equity | 10/15 | €331,636 | €321,236 | -€10,400 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,036 | €302,636 | -€10,400 | -3.3% |
| Tax-exempt reserves | 132 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €311,936 | €301,536 | -€10,400 | -3.3% |
| Amounts payable | 17/49 | €5,664 | €1,158 | -€4,506 | -79.6% |
| Amounts payable within one year | 42/48 | €4,979 | €1,158 | -€3,821 | -76.7% |
| Trade debts | 44 | €2,544 | €87 | -€2,456 | -96.6% |
| Suppliers | 440/4 | €2,544 | €87 | -€2,456 | -96.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,435 | €1,071 | -€1,365 | -56.0% |
| Accrued charges and deferred income | 492/3 | €685 | €0 | -€685 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,958 | €13,755 | -€1,203 | -8.0% |
| Other operating charges | 640/8 | €3,083 | €10,709 | +€7,626 | +247.4% |
| Gross operating margin | 9900 | €10,306 | €14,260 | +€3,954 | +38.4% |
| Operating profit (loss) | 9901 | -€7,734 | -€10,203 | -€2,469 | -31.9% |
| Financial income | 75/76B | €142 | €58 | -€84 | -59.3% |
| Recurring financial income | 75 | €142 | €58 | -€84 | -59.3% |
| Financial charges | 65/66B | €191 | €252 | +€60 | +31.6% |
| Recurring financial charges | 65 | €191 | €252 | +€60 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,784 | -€10,397 | -€2,614 | -33.6% |
| Income taxes | 67/77 | €43 | €3 | -€40 | -92.7% |
| Profit (loss) for the period | 9904 | -€7,826 | -€10,400 | -€2,574 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,826 | -€10,400 | -€2,574 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.