CP BEHEER: 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.
CP BEHEER
Largest movements
- Cash +€82,288
up €82,288 (+30.5%), from €269,825 to €352,113
mainly Net result for the year (+€233,818) and Depreciation (+€214,153)
- Stocks and contracts +€72,133
up €72,133 (+37.4%), from €192,618 to €264,751
- Tangible fixed assets +€48,361
up €48,361 (+2.1%), from €2.3m to €2.4m
of which Leasing and similar rights: +€112,646
- Reserves +€233,818
up €233,818 (+20.9%), from €1.1m to €1.4m
of which Distributable reserves: +€238,231
- Debts after one year -€61,896
down €61,896 (-4.3%), from €1.4m to €1.4m
- Current portion of long-term debt +€45,480
up €45,480 (+22.5%), from €202,025 to €247,505
- Gross operating margin +€190,423
up €190,423 (+19.3%), from €984,460 to €1.2m
- Staff costs +€67,723
up €67,723 (+12.8%), from €529,536 to €597,259
- Depreciation +€29,336
up €29,336 (+15.9%), from €184,817 to €214,153
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 | €2,973,460 | €3,191,128 | +€217,668 | +7.3% |
| Fixed assets | 21/28 | €2,348,938 | €2,397,059 | +€48,121 | +2.0% |
| Tangible fixed assets | 22/27 | €2,348,698 | €2,397,059 | +€48,361 | +2.1% |
| Land and buildings | 22 | €1,680,377 | €1,747,151 | +€66,775 | +4.0% |
| Plant, machinery and equipment | 23 | €113,308 | €83,449 | -€29,859 | -26.4% |
| Furniture and vehicles | 24 | €117,211 | €16,010 | -€101,201 | -86.3% |
| Leasing and similar rights | 25 | €437,803 | €550,449 | +€112,646 | +25.7% |
| Financial fixed assets | 28 | €240 | €0 | -€240 | -100% |
| Current assets | 29/58 | €624,522 | €794,069 | +€169,548 | +27.1% |
| Amounts receivable after more than one year | 29 | - | €15,204 | +€15,204 | |
| Other amounts receivable | 291 | - | €15,204 | +€15,204 | |
| Stocks and contracts in progress | 3 | €192,618 | €264,751 | +€72,133 | +37.4% |
| Stocks | 30/36 | €192,618 | €264,751 | +€72,133 | +37.4% |
| Amounts receivable within one year | 40/41 | €140,575 | €147,920 | +€7,345 | +5.2% |
| Trade receivables | 40 | €120,141 | €140,537 | +€20,395 | +17.0% |
| Other amounts receivable | 41 | €20,434 | €7,384 | -€13,050 | -63.9% |
| Cash at bank and in hand | 54/58 | €269,825 | €352,113 | +€82,288 | +30.5% |
| Deferred charges and accrued income | 490/1 | €21,504 | €14,082 | -€7,422 | -34.5% |
| Total equity and liabilities | 10/49 | €2,973,460 | €3,191,128 | +€217,668 | +7.3% |
| Equity | 10/15 | €1,131,382 | €1,365,199 | +€233,818 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,118,982 | €1,352,799 | +€233,818 | +20.9% |
| Tax-exempt reserves | 132 | €110,347 | €105,933 | -€4,414 | -4.0% |
| Distributable reserves | 133 | €1,008,635 | €1,246,866 | +€238,231 | +23.6% |
| Provisions and deferred taxes | 16 | €36,782 | €35,311 | -€1,471 | -4.0% |
| Deferred taxes | 168 | €36,782 | €35,311 | -€1,471 | -4.0% |
| Amounts payable | 17/49 | €1,805,296 | €1,790,618 | -€14,678 | -0.8% |
| Amounts payable after more than one year | 17 | €1,449,185 | €1,387,289 | -€61,896 | -4.3% |
| Financial debts | 170/4 | €1,449,185 | €1,387,289 | -€61,896 | -4.3% |
| Amounts payable within one year | 42/48 | €356,111 | €403,329 | +€47,218 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €202,025 | €247,505 | +€45,480 | +22.5% |
| Trade debts | 44 | €109,676 | €111,071 | +€1,394 | +1.3% |
| Suppliers | 440/4 | €109,676 | €111,071 | +€1,394 | +1.3% |
| Taxes, remuneration and social security | 45 | €44,410 | €44,754 | +€344 | +0.8% |
| Taxes | 450/3 | €44,410 | €44,754 | +€344 | +0.8% |
| Non-recurring operating income | 76A | €16,279 | €0 | -€16,279 | -100% |
| Remuneration, social security and pensions | 62 | €529,536 | €597,259 | +€67,723 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,817 | €214,153 | +€29,336 | +15.9% |
| Other operating charges | 640/8 | €17,243 | €17,882 | +€640 | +3.7% |
| Gross operating margin | 9900 | €984,460 | €1,174,883 | +€190,423 | +19.3% |
| Operating profit (loss) | 9901 | €252,864 | €345,588 | +€92,724 | +36.7% |
| Financial income | 75/76B | €100 | €218 | +€118 | +118% |
| Recurring financial income | 75 | €100 | €218 | +€118 | +118% |
| Financial charges | 65/66B | €40,524 | €40,629 | +€105 | +0.3% |
| Recurring financial charges | 65 | €40,524 | €40,629 | +€105 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €212,439 | €305,177 | +€92,738 | +43.7% |
| Transfer from deferred taxes | 780 | €1,471 | €1,471 | = | 0.0% |
| Income taxes | 67/77 | €66,954 | €72,831 | +€5,877 | +8.8% |
| Profit (loss) for the period | 9904 | €146,957 | €233,818 | +€86,861 | +59.1% |
| Transfer from tax-exempt reserves | 789 | €4,414 | €4,414 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,371 | €238,231 | +€86,861 | +57.4% |
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 17 October 2026 via checked.be.