CPB HOLDING: 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 HOLDING
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€316,797
2025 · -€4.6m+€4.9m
Equity
€14.5m
2025 · €14.2m+€316,797
Cash
€69,577
2025 · €220,494-€150,917
Balance sheet total
€18.9m
2025 · €21.5m-€2.7m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-89.6%), from €1.6m to €162,815
of which Other amounts receivable: -€1.5m
- Financial fixed assets -€1.1m
down €1.1m (-5.9%), from €18.9m to €17.8m
Equity and liabilities
- Other debts -€3.7m
down €3.7m (-95.7%), from €3.9m to €166,119
- Debts after one year +€640,532
up €640,532 (+20.4%), from €3.1m to €3.8m
- Profit (loss) carried forward +€316,797
up €316,797 (+10.4%), from -€3.1m to -€2.7m
Income statement
- Financial income +€4.4m
up €4.4m (+4,420%), from €98,993 to €4.5m
of which Non-recurring financial income: +€4.3m
- Financial charges -€563,001
down €563,001 (-11.8%), from €4.8m to €4.2m
of which Non-recurring financial charges: -€552,181
From the 2025 result to the 2026 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 2025
-€4.6m
Staff costs
+€183,620
Depreciation
+€6,536
Other operating charges
+€125
Other operating items
-€205,281
Financial income
+€4.4m
Financial charges
+€563,001
Taxes
-€5,785
Result 2026
€316,797
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.8m
Investment
+€1.1m
Financing
+€640,532
Cash 2025
€220,494
From operations (derived)
-€1.8m
Net result for the year
+€316,797
Depreciation
+€16,458
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€47,017
Trade debts
+€127,956
Tax, wage and social debts
-€20,461
Other debts
-€3.7m
Accrued charges and deferred income
-€7,881
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Financing
+€640,532
Debts after one year
+€640,532
Cash 2026
€69,577
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,549,230 | €18,872,293 | -€2.7m | -12.4% |
| Fixed assets | 21/28 | €18,938,802 | €17,864,208 | -€1.1m | -5.7% |
| Tangible fixed assets | 22/27 | €40,019 | €77,937 | +€37,918 | +94.8% |
| Furniture and vehicles | 24 | €40,019 | €77,937 | +€37,918 | +94.8% |
| Financial fixed assets | 28 | €18,898,783 | €17,786,271 | -€1.1m | -5.9% |
| Affiliated companies | 280/1 | €18,898,783 | €17,786,271 | -€1.1m | -5.9% |
| Participating interests | 280 | €18,778,783 | €17,745,464 | -€1.0m | -5.5% |
| Amounts receivable | 281 | €120,000 | €40,807 | -€79,193 | -66.0% |
| Current assets | 29/58 | €2,610,427 | €1,008,084 | -€1.6m | -61.4% |
| Amounts receivable after more than one year | 29 | €772,763 | €772,763 | = | 0.0% |
| Other amounts receivable | 291 | €772,763 | €772,763 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,567,223 | €162,815 | -€1.4m | -89.6% |
| Trade receivables | 40 | €60,500 | €159,864 | +€99,364 | +164% |
| Other amounts receivable | 41 | €1,506,723 | €2,950 | -€1.5m | -99.8% |
| Cash at bank and in hand | 54/58 | €220,494 | €69,577 | -€150,917 | -68.4% |
| Deferred charges and accrued income | 490/1 | €49,947 | €2,930 | -€47,017 | -94.1% |
| Total equity and liabilities | 10/49 | €21,549,230 | €18,872,293 | -€2.7m | -12.4% |
| Equity | 10/15 | €14,154,679 | €14,471,475 | +€316,797 | +2.2% |
| Contributions | 10/11 | €17,000,000 | €17,000,000 | = | 0.0% |
| Capital | 10 | €17,000,000 | €17,000,000 | = | 0.0% |
| Issued capital | 100 | €17,000,000 | €17,000,000 | = | 0.0% |
| Reserves | 13 | €207,701 | €207,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €207,701 | €207,701 | = | 0.0% |
| Legal reserve | 130 | €207,701 | €207,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,053,022 | -€2,736,225 | +€316,797 | +10.4% |
| Amounts payable | 17/49 | €7,394,551 | €4,400,817 | -€3.0m | -40.5% |
| Amounts payable after more than one year | 17 | €3,134,055 | €3,774,587 | +€640,532 | +20.4% |
| Financial debts | 170/4 | €3,134,055 | €3,774,587 | +€640,532 | +20.4% |
| Other loans | 174 | €3,134,055 | €3,774,587 | +€640,532 | +20.4% |
| Amounts payable within one year | 42/48 | €4,217,145 | €590,760 | -€3.6m | -86.0% |
| Trade debts | 44 | €174,668 | €302,624 | +€127,956 | +73.3% |
| Suppliers | 440/4 | €174,668 | €302,624 | +€127,956 | +73.3% |
| Taxes, remuneration and social security | 45 | €142,478 | €122,017 | -€20,461 | -14.4% |
| Taxes | 450/3 | €21,404 | €19,432 | -€1,973 | -9.2% |
| Remuneration and social security | 454/9 | €121,073 | €102,585 | -€18,488 | -15.3% |
| Other amounts payable | 47/48 | €3,900,000 | €166,119 | -€3.7m | -95.7% |
| Accrued charges and deferred income | 492/3 | €43,351 | €35,470 | -€7,881 | -18.2% |
| Operating income | 70/76A | €1,183,737 | €1,167,742 | -€15,995 | -1.4% |
| Other operating income | 74 | €1,172,223 | €1,165,064 | -€7,158 | -0.6% |
| Non-recurring operating income | 76A | €11,514 | €2,678 | -€8,836 | -76.7% |
| Operating charges | 60/66A | €1,121,150 | €1,120,155 | -€995 | -0.1% |
| Services and other goods | 61 | €437,778 | €627,065 | +€189,287 | +43.2% |
| Remuneration, social security and pensions | 62 | €658,005 | €474,385 | -€183,620 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,994 | €16,458 | -€6,536 | -28.4% |
| Other operating charges | 640/8 | €2,373 | €2,247 | -€125 | -5.3% |
| Operating profit (loss) | 9901 | €62,587 | €47,587 | -€15,000 | -24.0% |
| Financial income | 75/76B | €98,993 | €4,474,646 | +€4.4m | +4,420% |
| Recurring financial income | 75 | €98,993 | €193,576 | +€94,583 | +95.5% |
| Income from financial fixed assets | 750 | €68,371 | €56,573 | -€11,798 | -17.3% |
| Other financial income | 752/9 | €30,622 | €137,003 | +€106,381 | +347% |
| Non-recurring financial income | 76B | - | €4,281,070 | +€4.3m | |
| Financial charges | 65/66B | €4,761,056 | €4,198,056 | -€563,001 | -11.8% |
| Recurring financial charges | 65 | €146,829 | €136,009 | -€10,820 | -7.4% |
| Debt charges | 650 | €132,485 | €110,899 | -€21,586 | -16.3% |
| Other financial charges | 652/9 | €14,344 | €25,110 | +€10,766 | +75.1% |
| Non-recurring financial charges | 66B | €4,614,227 | €4,062,047 | -€552,181 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,599,476 | €324,177 | +€4.9m | |
| Income taxes | 67/77 | €1,595 | €7,380 | +€5,785 | +363% |
| Taxes | 670/3 | €1,595 | €7,380 | +€5,785 | +363% |
| Profit (loss) for the period | 9904 | -€4,601,072 | €316,797 | +€4.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,601,072 | €316,797 | +€4.9m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.