CPL CONSULT: 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.
What changed
CPL CONSULT
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€201,837
2024 · -€54,072-€147,766
Equity
€2.9m
2024 · €3.1m-€216,837
Cash
€179,315
2024 · €67,399+€111,916
Balance sheet total
€3.4m
2024 · €3.7m-€311,372
Largest movements
Assets
- Current investments -€359,008
down €359,008 (-75.6%), from €475,000 to €115,992
- Cash +€111,916
up €111,916 (+166.1%), from €67,399 to €179,315
mainly Current investments (+€359,008) and Depreciation (+€136,269)
Equity and liabilities
- Reserves -€216,837
down €216,837 (-7.2%), from €3.0m to €2.8m
of which Distributable reserves: -€210,592
- Debts after one year -€76,016
down €76,016 (-14.7%), from €517,320 to €441,304
Income statement
- Gross operating margin -€49,775
down €49,775, from €46,050 to -€3,725
- Depreciation +€42,766
up €42,766 (+45.7%), from €93,503 to €136,269
- Write-downs +€30,000
new in 2025: €30,000
- Financial income -€28,275
down €28,275 (-86.6%), from €32,662 to €4,387
- Other operating charges -€11,218
down €11,218 (-48.7%), from €23,056 to €11,838
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
-€54,072
Gross operating margin
-€49,775
Depreciation
-€42,766
Write-downs
-€30,000
Other operating charges
+€11,218
Financial income
-€28,275
Financial charges
+€1,122
Taxes
-€9,290
Result 2025
-€201,837
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.
From operations
-€57,769
Investment
+€259,252
Financing
-€89,567
Cash 2024
€67,399
From operations (derived)
-€57,769
Net result for the year
-€201,837
Depreciation
+€136,269
Receivables within one year
+€26,914
Deferred charges and accrued income
+€855
Provisions
-€2,082
Trade debts
-€3,247
Tax, wage and social debts
-€14,640
Investment (derived)
+€259,252
Investment in fixed assets (net)
-€99,757
Current investments
+€359,008
Financing
-€89,567
Debts after one year
-€76,016
Current portion of long-term debt
+€1,987
Short-term financial debts
-€538
Contributions, distributions and other
-€15,000
Cash 2025
€179,315
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,730,155 | €3,418,783 | -€311,372 | -8.3% |
| Fixed assets | 21/28 | €2,394,455 | €2,357,943 | -€36,512 | -1.5% |
| Tangible fixed assets | 22/27 | €2,394,331 | €2,357,819 | -€36,512 | -1.5% |
| Land and buildings | 22 | €2,269,103 | €2,243,015 | -€26,088 | -1.1% |
| Furniture and vehicles | 24 | €30,787 | €32,870 | +€2,083 | +6.8% |
| Other tangible fixed assets | 26 | €94,441 | €81,934 | -€12,507 | -13.2% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €1,335,701 | €1,060,840 | -€274,861 | -20.6% |
| Amounts receivable after more than one year | 29 | €712,220 | €712,220 | = | 0.0% |
| Other amounts receivable | 291 | €712,220 | €712,220 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,981 | €52,068 | -€26,914 | -34.1% |
| Trade receivables | 40 | €28,967 | €920 | -€28,048 | -96.8% |
| Other amounts receivable | 41 | €50,014 | €51,148 | +€1,134 | +2.3% |
| Current investments | 50/53 | €475,000 | €115,992 | -€359,008 | -75.6% |
| Cash at bank and in hand | 54/58 | €67,399 | €179,315 | +€111,916 | +166.1% |
| Deferred charges and accrued income | 490/1 | €2,100 | €1,246 | -€855 | -40.7% |
| Total equity and liabilities | 10/49 | €3,730,155 | €3,418,783 | -€311,372 | -8.3% |
| Equity | 10/15 | €3,087,999 | €2,871,161 | -€216,837 | -7.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,026,499 | €2,809,661 | -€216,837 | -7.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,632 | €84,387 | -€6,245 | -6.9% |
| Distributable reserves | 133 | €2,929,716 | €2,719,124 | -€210,592 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,150 | €28,069 | -€2,082 | -6.9% |
| Deferred taxes | 168 | €30,150 | €28,069 | -€2,082 | -6.9% |
| Amounts payable | 17/49 | €612,006 | €519,553 | -€92,453 | -15.1% |
| Amounts payable after more than one year | 17 | €517,320 | €441,304 | -€76,016 | -14.7% |
| Financial debts | 170/4 | €517,320 | €441,304 | -€76,016 | -14.7% |
| Amounts payable within one year | 42/48 | €94,686 | €78,249 | -€16,437 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €74,029 | €76,016 | +€1,987 | +2.7% |
| Financial debts | 43 | €538 | €0 | -€538 | -100.0% |
| Credit institutions | 430/8 | €538 | €0 | -€538 | -100.0% |
| Trade debts | 44 | €5,479 | €2,233 | -€3,247 | -59.3% |
| Suppliers | 440/4 | €5,479 | €2,233 | -€3,247 | -59.3% |
| Taxes, remuneration and social security | 45 | €14,640 | €0 | -€14,640 | -100.0% |
| Taxes | 450/3 | €14,640 | €0 | -€14,640 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,503 | €136,269 | +€42,766 | +45.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €23,056 | €11,838 | -€11,218 | -48.7% |
| Gross operating margin | 9900 | €46,050 | -€3,725 | -€49,775 | |
| Operating profit (loss) | 9901 | -€70,509 | -€181,832 | -€111,323 | -157.9% |
| Financial income | 75/76B | €32,662 | €4,387 | -€28,275 | -86.6% |
| Recurring financial income | 75 | €32,662 | €4,387 | -€28,275 | -86.6% |
| Financial charges | 65/66B | €17,846 | €16,724 | -€1,122 | -6.3% |
| Recurring financial charges | 65 | €17,846 | €16,724 | -€1,122 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,693 | -€194,169 | -€138,476 | -248.6% |
| Transfer from deferred taxes | 780 | €2,082 | €2,082 | +€0 | 0.0% |
| Income taxes | 67/77 | €460 | €9,750 | +€9,290 | +2018.0% |
| Profit (loss) for the period | 9904 | -€54,072 | -€201,837 | -€147,766 | -273.3% |
| Transfer from tax-exempt reserves | 789 | €6,245 | €6,245 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,826 | -€195,592 | -€147,766 | -309.0% |
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.