CPC: 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.
CPC
Largest movements
- Tangible fixed assets +€618,374
up €618,374 (+56.4%), from €1.1m to €1.7m
of which Land and buildings: +€607,031
- Receivables within one year +€60,550
up €60,550 (+110.9%), from €54,580 to €115,130
of which Trade receivables: +€60,000
- Cash -€59,871
down €59,871 (-83.1%), from €72,049 to €12,178
mainly Investment in fixed assets (net) (-€689,968) and Receivables within one year (-€60,550)
- Other debts +€342,744
up €342,744 (+272.1%), from €125,943 to €468,687
- Debts after one year +€203,789
up €203,789 (+26.8%), from €760,172 to €963,961
- Reserves +€87,500
up €87,500 (+35.7%), from €244,958 to €332,459
of which Distributable reserves: +€87,500
- Tax, wage and social debts -€30,134
down €30,134 (-64.0%), from €47,110 to €16,976
of which Taxes: -€30,148
- Current portion of long-term debt +€21,789
up €21,789 (+39.7%), from €54,897 to €76,686
- Gross operating margin +€105,430
up €105,430 (+105.1%), from €100,311 to €205,741
- Depreciation +€41,948
up €41,948 (+141.5%), from €29,646 to €71,594
- Taxes +€11,832
up €11,832 (+102.1%), from €11,587 to €23,418
- Financial charges +€6,029
up €6,029 (+35.2%), from €17,146 to €23,175
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 | €1,311,065 | €1,926,663 | +€615,598 | +47.0% |
| Fixed assets | 21/28 | €1,096,042 | €1,714,415 | +€618,374 | +56.4% |
| Tangible fixed assets | 22/27 | €1,096,042 | €1,714,415 | +€618,374 | +56.4% |
| Land and buildings | 22 | €1,084,892 | €1,691,922 | +€607,031 | +56.0% |
| Plant, machinery and equipment | 23 | €587 | €256 | -€330 | -56.3% |
| Furniture and vehicles | 24 | €10,199 | €21,872 | +€11,673 | +114.5% |
| Other tangible fixed assets | 26 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €215,023 | €212,247 | -€2,776 | -1.3% |
| Stocks and contracts in progress | 3 | €80,000 | €80,000 | = | 0.0% |
| Stocks | 30/36 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,580 | €115,130 | +€60,550 | +110.9% |
| Trade receivables | 40 | €23,667 | €83,667 | +€60,000 | +253.5% |
| Other amounts receivable | 41 | €30,913 | €31,463 | +€550 | +1.8% |
| Cash at bank and in hand | 54/58 | €72,049 | €12,178 | -€59,871 | -83.1% |
| Deferred charges and accrued income | 490/1 | €8,394 | €4,939 | -€3,455 | -41.2% |
| Total equity and liabilities | 10/49 | €1,311,065 | €1,926,663 | +€615,598 | +47.0% |
| Equity | 10/15 | €250,991 | €333,459 | +€82,468 | +32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €244,958 | €332,459 | +€87,500 | +35.7% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €241,558 | €329,059 | +€87,500 | +36.2% |
| Profit (loss) carried forward | 14 | €5,032 | €0 | -€5,032 | -100.0% |
| Amounts payable | 17/49 | €1,060,074 | €1,593,204 | +€533,130 | +50.3% |
| Amounts payable after more than one year | 17 | €760,172 | €963,961 | +€203,789 | +26.8% |
| Financial debts | 170/4 | €760,172 | €963,961 | +€203,789 | +26.8% |
| Amounts payable within one year | 42/48 | €295,286 | €621,732 | +€326,446 | +110.6% |
| Current portion of amounts payable after more than one year | 42 | €54,897 | €76,686 | +€21,789 | +39.7% |
| Financial debts | 43 | €1,033 | €1,747 | +€714 | +69.1% |
| Credit institutions | 430/8 | €1,033 | €1,747 | +€714 | +69.1% |
| Trade debts | 44 | €66,303 | €57,636 | -€8,667 | -13.1% |
| Suppliers | 440/4 | €66,303 | €57,636 | -€8,667 | -13.1% |
| Taxes, remuneration and social security | 45 | €47,110 | €16,976 | -€30,134 | -64.0% |
| Taxes | 450/3 | €45,129 | €14,980 | -€30,148 | -66.8% |
| Remuneration and social security | 454/9 | €1,981 | €1,995 | +€15 | +0.7% |
| Other amounts payable | 47/48 | €125,943 | €468,687 | +€342,744 | +272.1% |
| Accrued charges and deferred income | 492/3 | €4,616 | €7,512 | +€2,895 | +62.7% |
| Non-recurring operating income | 76A | - | €52,196 | +€52,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,646 | €71,594 | +€41,948 | +141.5% |
| Other operating charges | 640/8 | €5,105 | €5,086 | -€19 | -0.4% |
| Non-recurring operating charges | 66A | €14,013 | €0 | -€14,013 | -100.0% |
| Gross operating margin | 9900 | €100,311 | €205,741 | +€105,430 | +105.1% |
| Operating profit (loss) | 9901 | €51,546 | €129,061 | +€77,515 | +150.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €17,146 | €23,175 | +€6,029 | +35.2% |
| Recurring financial charges | 65 | €17,146 | €23,175 | +€6,029 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €34,400 | €105,886 | +€71,486 | +207.8% |
| Income taxes | 67/77 | €11,587 | €23,418 | +€11,832 | +102.1% |
| Profit (loss) for the period | 9904 | €22,814 | €82,468 | +€59,655 | +261.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,814 | €82,468 | +€59,655 | +261.5% |
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 4 October 2026 via checked.be.