CPB Brussels: 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.
What changed
CPB Brussels
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,836
2024 · €37,396+€6,440
Equity
€6.7m
2024 · €6.6m+€43,836
Cash
€22,568
2024 · €20,431+€2,136
Balance sheet total
€8.5m
2024 · €8.7m-€279,477
Largest movements
Assets
- Tangible fixed assets -€282,791
down €282,791 (-3.4%), from €8.4m to €8.1m
of which Land and buildings: -€281,327
Equity and liabilities
- Debts after one year -€340,172
down €340,172 (-33.5%), from €1.0m to €675,000
- Other debts +€111,903
up €111,903 (+18.1%), from €618,162 to €730,065
- Current portion of long-term debt -€91,446
down €91,446 (-20.8%), from €439,727 to €348,281
Income statement
- Gross operating margin +€5,606
up €5,606 (+1.4%), from €405,351 to €410,957
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.
Result 2024
€37,396
Gross operating margin
+€5,606
Depreciation
+€1,148
Other operating charges
+€1,728
Financial income
+€0
Financial charges
-€2,043
Taxes
+€0
Result 2025
€43,836
raises the resultlowers the result
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.
From operations
+€444,384
Investment
-€10,631
Financing
-€431,617
Cash 2024
€20,431
From operations (derived)
+€444,384
Net result for the year
+€43,836
Depreciation
+€293,421
Receivables within one year
-€1,279
Deferred charges and accrued income
+€101
Trade debts
+€8,490
Tax, wage and social debts
-€6,755
Other debts
+€111,903
Accrued charges and deferred income
-€5,334
Investment (derived)
-€10,631
Investment in fixed assets (net)
-€10,631
Financing
-€431,617
Debts after one year
-€340,172
Current portion of long-term debt
-€91,446
Cash 2025
€22,568
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,732,761 | €8,453,284 | -€279,477 | -3.2% |
| Fixed assets | 21/28 | €8,699,345 | €8,416,555 | -€282,791 | -3.3% |
| Tangible fixed assets | 22/27 | €8,397,485 | €8,114,695 | -€282,791 | -3.4% |
| Land and buildings | 22 | €8,394,474 | €8,113,146 | -€281,327 | -3.4% |
| Other tangible fixed assets | 26 | €3,011 | €1,548 | -€1,463 | -48.6% |
| Financial fixed assets | 28 | €301,860 | €301,860 | = | 0.0% |
| Current assets | 29/58 | €33,415 | €36,729 | +€3,314 | +9.9% |
| Amounts receivable within one year | 40/41 | €4,220 | €5,498 | +€1,279 | +30.3% |
| Trade receivables | 40 | €4,210 | €5,498 | +€1,288 | +30.6% |
| Other amounts receivable | 41 | €9 | €0 | -€9 | -98.9% |
| Cash at bank and in hand | 54/58 | €20,431 | €22,568 | +€2,136 | +10.5% |
| Deferred charges and accrued income | 490/1 | €8,764 | €8,663 | -€101 | -1.2% |
| Total equity and liabilities | 10/49 | €8,732,761 | €8,453,284 | -€279,477 | -3.2% |
| Equity | 10/15 | €6,647,000 | €6,690,836 | +€43,836 | +0.7% |
| Contributions | 10/11 | €8,848,600 | €8,848,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,201,600 | -€2,157,764 | +€43,836 | +2.0% |
| Amounts payable | 17/49 | €2,085,760 | €1,762,447 | -€323,313 | -15.5% |
| Amounts payable after more than one year | 17 | €1,015,172 | €675,000 | -€340,172 | -33.5% |
| Financial debts | 170/4 | €1,015,172 | €675,000 | -€340,172 | -33.5% |
| Amounts payable within one year | 42/48 | €1,065,255 | €1,087,447 | +€22,192 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €439,727 | €348,281 | -€91,446 | -20.8% |
| Trade debts | 44 | €563 | €9,054 | +€8,490 | +1,507% |
| Suppliers | 440/4 | €563 | €9,054 | +€8,490 | +1,507% |
| Taxes, remuneration and social security | 45 | €6,803 | €48 | -€6,755 | -99.3% |
| Taxes | 450/3 | €6,803 | €48 | -€6,755 | -99.3% |
| Other amounts payable | 47/48 | €618,162 | €730,065 | +€111,903 | +18.1% |
| Accrued charges and deferred income | 492/3 | €5,334 | - | -€5,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,569 | €293,421 | -€1,148 | -0.4% |
| Other operating charges | 640/8 | €30,173 | €28,445 | -€1,728 | -5.7% |
| Gross operating margin | 9900 | €405,351 | €410,957 | +€5,606 | +1.4% |
| Operating profit (loss) | 9901 | €80,609 | €89,091 | +€8,482 | +10.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +23.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +23.1% |
| Financial charges | 65/66B | €43,213 | €45,255 | +€2,043 | +4.7% |
| Recurring financial charges | 65 | €43,213 | €45,255 | +€2,043 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €37,396 | €43,836 | +€6,440 | +17.2% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €37,396 | €43,836 | +€6,440 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,396 | €43,836 | +€6,440 | +17.2% |
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 14 October 2026 via checked.be.