CP FOCUS: 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.
CP FOCUS
Largest movements
- Tangible fixed assets +€46,512
up €46,512 (+93.2%), from €49,902 to €96,414
of which Furniture and vehicles: +€56,277
- Cash -€23,287
down €23,287 (-21.7%), from €107,168 to €83,881
mainly Contributions, distributions and other (-€90,000) and Investment in fixed assets (net) (-€83,008)
- Receivables within one year -€13,772
down €13,772 (-57.9%), from €23,805 to €10,033
of which Trade receivables: -€15,079
- Current portion of long-term debt +€64,572
new in 2025: €64,572
- Debts after one year -€59,225
no longer reported in 2025 (was €59,225)
of which Financial debts: -€40,206
- Other debts +€13,011
up €13,011 (+26.0%), from €50,000 to €63,011
- Tax, wage and social debts -€6,309
no longer reported in 2025 (was €6,309)
- Profit (loss) carried forward -€3,702
down €3,702 (-6.7%), from €55,544 to €51,842
- Gross operating margin -€54,797
down €54,797 (-20.6%), from €266,371 to €211,574
- Turnover -€54,676
down €54,676 (-16.6%), from €329,836 to €275,160
- Taxes +€28,167
up €28,167 (+184.4%), from €15,274 to €43,441
- Depreciation +€18,712
up €18,712 (+105.2%), from €17,783 to €36,495
- Other operating charges +€10,047
up €10,047 (+362.3%), from €2,773 to €12,820
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 | €180,874 | €190,328 | +€9,454 | +5.2% |
| Fixed assets | 21/28 | €49,902 | €96,414 | +€46,512 | +93.2% |
| Tangible fixed assets | 22/27 | €49,902 | €96,414 | +€46,512 | +93.2% |
| Land and buildings | 22 | €19,666 | €17,925 | -€1,741 | -8.9% |
| Plant, machinery and equipment | 23 | €4,861 | €4,128 | -€733 | -15.1% |
| Furniture and vehicles | 24 | €18,083 | €74,361 | +€56,277 | +311.2% |
| Leasing and similar rights | 25 | €7,291 | - | -€7,291 | |
| Current assets | 29/58 | €130,972 | €93,914 | -€37,059 | -28.3% |
| Amounts receivable within one year | 40/41 | €23,805 | €10,033 | -€13,772 | -57.9% |
| Trade receivables | 40 | €15,079 | - | -€15,079 | |
| Other amounts receivable | 41 | €8,726 | €10,033 | +€1,307 | +15.0% |
| Cash at bank and in hand | 54/58 | €107,168 | €83,881 | -€23,287 | -21.7% |
| Total equity and liabilities | 10/49 | €180,874 | €190,328 | +€9,454 | +5.2% |
| Equity | 10/15 | €64,543 | €60,841 | -€3,702 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,800 | €2,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €940 | €940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,544 | €51,842 | -€3,702 | -6.7% |
| Amounts payable | 17/49 | €116,331 | €129,486 | +€13,156 | +11.3% |
| Amounts payable after more than one year | 17 | €59,225 | - | -€59,225 | |
| Financial debts | 170/4 | €40,206 | - | -€40,206 | |
| Other amounts payable | 178/9 | €19,019 | - | -€19,019 | |
| Amounts payable within one year | 42/48 | €57,105 | €129,486 | +€72,381 | +126.7% |
| Current portion of amounts payable after more than one year | 42 | - | €64,572 | +€64,572 | |
| Financial debts | 43 | €796 | €675 | -€121 | -15.2% |
| Credit institutions | 430/8 | €796 | - | -€796 | |
| Other loans | 439 | - | €675 | +€675 | |
| Trade debts | 44 | - | €1,228 | +€1,228 | |
| Suppliers | 440/4 | - | €1,228 | +€1,228 | |
| Taxes, remuneration and social security | 45 | €6,309 | - | -€6,309 | |
| Taxes | 450/3 | €6,309 | - | -€6,309 | |
| Other amounts payable | 47/48 | €50,000 | €63,011 | +€13,011 | +26.0% |
| Turnover | 70 | €329,836 | €275,160 | -€54,676 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,301 | €63,586 | -€5,715 | -8.2% |
| Remuneration, social security and pensions | 62 | €30,950 | €31,529 | +€579 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,783 | €36,495 | +€18,712 | +105.2% |
| Other operating charges | 640/8 | €2,773 | €12,820 | +€10,047 | +362.3% |
| Gross operating margin | 9900 | €266,371 | €211,574 | -€54,797 | -20.6% |
| Operating profit (loss) | 9901 | €214,865 | €130,730 | -€84,135 | -39.2% |
| Financial income | 75/76B | €8 | €323 | +€315 | +3757.8% |
| Recurring financial income | 75 | €8 | €323 | +€315 | +3757.8% |
| Financial charges | 65/66B | €1,056 | €1,315 | +€259 | +24.5% |
| Recurring financial charges | 65 | €1,056 | €1,315 | +€259 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €213,818 | €129,739 | -€84,079 | -39.3% |
| Income taxes | 67/77 | €15,274 | €43,441 | +€28,167 | +184.4% |
| Profit (loss) for the period | 9904 | €198,544 | €86,298 | -€112,246 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €198,544 | €86,298 | -€112,246 | -56.5% |
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.