CPI CONSULT: 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.
CPI CONSULT
Largest movements
- Stocks and contracts +€167,740
up €167,740 (+28.0%), from €599,653 to €767,393
- Receivables within one year +€107,341
up €107,341 (+30.5%), from €352,428 to €459,769
of which Trade receivables: +€111,629
- Tangible fixed assets -€48,450
down €48,450 (-2.8%), from €1.7m to €1.7m
of which Land and buildings: -€62,716
- Cash -€42,276
down €42,276 (-90.0%), from €46,961 to €4,684
mainly Stocks and contracts (-€167,740) and Net result for the year (-€161,162)
- Debts after one year +€290,524
up €290,524 (+22.6%), from €1.3m to €1.6m
of which Financial debts: +€151,972
- Profit (loss) carried forward -€161,162
down €161,162 (-354%), from -€45,501 to -€206,663
- Trade debts +€91,049
up €91,049 (+125%), from €73,011 to €164,059
- Short-term financial debts -€34,153
down €34,153 (-28.3%), from €120,775 to €86,621
- Revaluation surpluses -€30,804
down €30,804 (-2.9%), from €1.1m to €1.0m
- Gross operating margin -€136,416
down €136,416, from €110,769 to -€25,646
- Financial charges +€16,909
up €16,909 (+56.4%), from €29,990 to €46,899
- Taxes -€8,667
no longer reported in 2025 (was €8,667)
- Other operating charges +€4,590
up €4,590 (+291%), from €1,577 to €6,167
- Depreciation +€4,283
up €4,283 (+5.5%), from €77,895 to €82,178
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 | €2,702,176 | €2,887,884 | +€185,708 | +6.9% |
| Fixed assets | 21/28 | €1,703,134 | €1,654,685 | -€48,450 | -2.8% |
| Tangible fixed assets | 22/27 | €1,703,134 | €1,654,685 | -€48,450 | -2.8% |
| Land and buildings | 22 | €1,663,793 | €1,601,077 | -€62,716 | -3.8% |
| Plant, machinery and equipment | 23 | €18,562 | €13,663 | -€4,899 | -26.4% |
| Furniture and vehicles | 24 | €10,680 | €36,245 | +€25,566 | +239% |
| Leasing and similar rights | 25 | €10,100 | €3,700 | -€6,400 | -63.4% |
| Current assets | 29/58 | €999,042 | €1,233,200 | +€234,158 | +23.4% |
| Stocks and contracts in progress | 3 | €599,653 | €767,393 | +€167,740 | +28.0% |
| Stocks | 30/36 | €599,653 | €767,393 | +€167,740 | +28.0% |
| Amounts receivable within one year | 40/41 | €352,428 | €459,769 | +€107,341 | +30.5% |
| Trade receivables | 40 | €345,892 | €457,520 | +€111,629 | +32.3% |
| Other amounts receivable | 41 | €6,537 | €2,249 | -€4,288 | -65.6% |
| Cash at bank and in hand | 54/58 | €46,961 | €4,684 | -€42,276 | -90.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,353 | +€1,353 | |
| Total equity and liabilities | 10/49 | €2,702,176 | €2,887,884 | +€185,708 | +6.9% |
| Equity | 10/15 | €1,138,379 | €977,217 | -€161,162 | -14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €1,071,941 | €1,041,137 | -€30,804 | -2.9% |
| Reserves | 13 | €93,348 | €124,152 | +€30,804 | +33.0% |
| Distributable reserves | 133 | €93,348 | €124,152 | +€30,804 | +33.0% |
| Profit (loss) carried forward | 14 | -€45,501 | -€206,663 | -€161,162 | -354% |
| Amounts payable | 17/49 | €1,563,797 | €1,910,667 | +€346,870 | +22.2% |
| Amounts payable after more than one year | 17 | €1,287,966 | €1,578,490 | +€290,524 | +22.6% |
| Financial debts | 170/4 | €954,218 | €1,106,190 | +€151,972 | +15.9% |
| Other amounts payable | 178/9 | €333,748 | €472,300 | +€138,552 | +41.5% |
| Amounts payable within one year | 42/48 | €275,831 | €332,177 | +€56,346 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €61,971 | €72,829 | +€10,858 | +17.5% |
| Financial debts | 43 | €120,775 | €86,621 | -€34,153 | -28.3% |
| Credit institutions | 430/8 | €120,775 | €86,621 | -€34,153 | -28.3% |
| Trade debts | 44 | €73,011 | €164,059 | +€91,049 | +125% |
| Suppliers | 440/4 | €73,011 | €164,059 | +€91,049 | +125% |
| Taxes, remuneration and social security | 45 | €20,075 | €8,667 | -€11,407 | -56.8% |
| Taxes | 450/3 | €20,075 | €8,667 | -€11,407 | -56.8% |
| Non-recurring operating income | 76A | - | €14,940 | +€14,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,895 | €82,178 | +€4,283 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €272 | +€272 | |
| Other operating charges | 640/8 | €1,577 | €6,167 | +€4,590 | +291% |
| Gross operating margin | 9900 | €110,769 | -€25,646 | -€136,416 | |
| Operating profit (loss) | 9901 | €31,297 | -€114,264 | -€145,561 | |
| Financial income | 75/76B | €4 | €1 | -€3 | -77.1% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -77.1% |
| Financial charges | 65/66B | €29,990 | €46,899 | +€16,909 | +56.4% |
| Recurring financial charges | 65 | €29,990 | €46,899 | +€16,909 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €1,311 | -€161,162 | -€162,473 | |
| Income taxes | 67/77 | €8,667 | - | -€8,667 | |
| Profit (loss) for the period | 9904 | -€7,357 | -€161,162 | -€153,805 | -2,091% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,357 | -€161,162 | -€153,805 | -2,091% |
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 15 October 2026 via checked.be.