CMPB INVEST: 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.
CMPB INVEST
Largest movements
- Tangible fixed assets -€638,583
down €638,583 (-6.2%), from €10.2m to €9.6m
of which Land and buildings: -€632,631
- Stocks and contracts +€423,153
up €423,153 (+35.9%), from €1.2m to €1.6m
- Receivables after one year -€257,500
down €257,500 (-39.1%), from €659,269 to €401,769
of which Other amounts receivable: -€257,500
- Cash +€151,361
up €151,361 (+1,248%), from €12,126 to €163,487
mainly Depreciation (+€443,546) and Current portion of long-term debt (+€433,419)
- Debts after one year -€836,790
down €836,790 (-6.9%), from €12.2m to €11.3m
of which Financial debts: -€752,790
- Current portion of long-term debt +€433,419
up €433,419 (+84.0%), from €515,694 to €949,113
- Gross operating margin +€200,147
up €200,147 (+37.8%), from €529,259 to €729,406
- Depreciation +€73,353
up €73,353 (+19.8%), from €370,192 to €443,546
- Taxes +€31,232
up €31,232 (+133%), from €23,537 to €54,769
- Financial charges +€10,853
up €10,853 (+5.8%), from €185,748 to €196,600
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 | €12,605,626 | €12,288,193 | -€317,433 | -2.5% |
| Fixed assets | 21/28 | €10,733,687 | €10,093,664 | -€640,023 | -6.0% |
| Intangible fixed assets | 21 | €1,558 | €118 | -€1,440 | -92.4% |
| Tangible fixed assets | 22/27 | €10,227,129 | €9,588,546 | -€638,583 | -6.2% |
| Land and buildings | 22 | €9,144,153 | €8,511,522 | -€632,631 | -6.9% |
| Plant, machinery and equipment | 23 | €15,897 | €14,945 | -€951 | -6.0% |
| Assets under construction and advance payments | 27 | €1,067,079 | €1,062,079 | -€5,000 | -0.5% |
| Financial fixed assets | 28 | €505,000 | €505,000 | = | 0.0% |
| Current assets | 29/58 | €1,871,939 | €2,194,529 | +€322,590 | +17.2% |
| Amounts receivable after more than one year | 29 | €659,269 | €401,769 | -€257,500 | -39.1% |
| Trade receivables | 290 | €59,269 | €59,269 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €342,500 | -€257,500 | -42.9% |
| Stocks and contracts in progress | 3 | €1,178,856 | €1,602,010 | +€423,153 | +35.9% |
| Stocks | 30/36 | €1,178,856 | €1,602,010 | +€423,153 | +35.9% |
| Amounts receivable within one year | 40/41 | €14,598 | €13,809 | -€789 | -5.4% |
| Trade receivables | 40 | €11,755 | €8,300 | -€3,456 | -29.4% |
| Other amounts receivable | 41 | €2,842 | €5,510 | +€2,667 | +93.8% |
| Cash at bank and in hand | 54/58 | €12,126 | €163,487 | +€151,361 | +1,248% |
| Deferred charges and accrued income | 490/1 | €7,090 | €13,454 | +€6,364 | +89.8% |
| Total equity and liabilities | 10/49 | €12,605,626 | €12,288,193 | -€317,433 | -2.5% |
| Equity | 10/15 | -€235,763 | -€269,342 | -€33,580 | -14.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€535,763 | -€569,342 | -€33,580 | -6.3% |
| Amounts payable | 17/49 | €12,841,389 | €12,557,535 | -€283,853 | -2.2% |
| Amounts payable after more than one year | 17 | €12,162,861 | €11,326,071 | -€836,790 | -6.9% |
| Financial debts | 170/4 | €8,814,487 | €8,061,698 | -€752,790 | -8.5% |
| Other amounts payable | 178/9 | €3,348,373 | €3,264,373 | -€84,000 | -2.5% |
| Amounts payable within one year | 42/48 | €668,980 | €1,218,396 | +€549,416 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €515,694 | €949,113 | +€433,419 | +84.0% |
| Trade debts | 44 | €131,540 | €211,948 | +€80,408 | +61.1% |
| Suppliers | 440/4 | €131,540 | €211,948 | +€80,408 | +61.1% |
| Taxes, remuneration and social security | 45 | €21,467 | €21,651 | +€184 | +0.9% |
| Taxes | 450/3 | €21,467 | €21,651 | +€184 | +0.9% |
| Other amounts payable | 47/48 | €279 | €35,684 | +€35,405 | +12,681% |
| Accrued charges and deferred income | 492/3 | €9,548 | €13,069 | +€3,521 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,192 | €443,546 | +€73,353 | +19.8% |
| Other operating charges | 640/8 | €65,438 | €70,785 | +€5,348 | +8.2% |
| Gross operating margin | 9900 | €529,259 | €729,406 | +€200,147 | +37.8% |
| Operating profit (loss) | 9901 | €93,629 | €215,075 | +€121,446 | +130% |
| Financial income | 75/76B | €2,672 | €2,715 | +€42 | +1.6% |
| Recurring financial income | 75 | €2,672 | €2,715 | +€42 | +1.6% |
| Financial charges | 65/66B | €185,748 | €196,600 | +€10,853 | +5.8% |
| Recurring financial charges | 65 | €185,748 | €196,600 | +€10,853 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€89,446 | €21,189 | +€110,635 | |
| Income taxes | 67/77 | €23,537 | €54,769 | +€31,232 | +133% |
| Profit (loss) for the period | 9904 | -€112,983 | -€33,580 | +€79,403 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,983 | -€33,580 | +€79,403 | +70.3% |
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 25 October 2026 via checked.be.