CPP Projects: 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.
CPP Projects
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+311%), from €704,842 to €2.9m
- Receivables within one year +€186,270
up €186,270 (+433%), from €42,998 to €229,268
of which Other amounts receivable: +€188,917
- Short-term financial debts +€2.8m
new in 2025: €2.8m
- Trade debts -€276,866
down €276,866 (-96.6%), from €286,604 to €9,738
- Profit (loss) carried forward -€75,217
down €75,217 (-34.3%), from -€219,096 to -€294,314
- Gross operating margin +€111,873
up €111,873 (+88.9%), from -€125,818 to -€13,945
- Financial charges +€42,823
up €42,823 (+205%), from €20,902 to €63,725
- Financial income +€2,654
up €2,654 (+251%), from €1,058 to €3,713
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 | €817,588 | €3,215,425 | +€2.4m | +293% |
| Current assets | 29/58 | €817,588 | €3,215,425 | +€2.4m | +293% |
| Stocks and contracts in progress | 3 | €704,842 | €2,894,731 | +€2.2m | +311% |
| Stocks | 30/36 | €704,842 | €2,894,731 | +€2.2m | +311% |
| Amounts receivable within one year | 40/41 | €42,998 | €229,268 | +€186,270 | +433% |
| Trade receivables | 40 | €3,380 | €733 | -€2,647 | -78.3% |
| Other amounts receivable | 41 | €39,618 | €228,535 | +€188,917 | +477% |
| Cash at bank and in hand | 54/58 | €69,441 | €87,820 | +€18,379 | +26.5% |
| Deferred charges and accrued income | 490/1 | €306 | €3,606 | +€3,299 | +1,077% |
| Total equity and liabilities | 10/49 | €817,588 | €3,215,425 | +€2.4m | +293% |
| Equity | 10/15 | €530,904 | €455,686 | -€75,217 | -14.2% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,096 | -€294,314 | -€75,217 | -34.3% |
| Amounts payable | 17/49 | €286,684 | €2,759,738 | +€2.5m | +863% |
| Amounts payable within one year | 42/48 | €286,684 | €2,759,738 | +€2.5m | +863% |
| Financial debts | 43 | - | €2,750,000 | +€2.8m | |
| Other loans | 439 | - | €2,750,000 | +€2.8m | |
| Trade debts | 44 | €286,604 | €9,738 | -€276,866 | -96.6% |
| Suppliers | 440/4 | €286,604 | €9,738 | -€276,866 | -96.6% |
| Other amounts payable | 47/48 | €80 | - | -€80 | |
| Other operating charges | 640/8 | €262 | €1,260 | +€998 | +381% |
| Gross operating margin | 9900 | -€125,818 | -€13,945 | +€111,873 | +88.9% |
| Operating profit (loss) | 9901 | -€126,080 | -€15,205 | +€110,875 | +87.9% |
| Financial income | 75/76B | €1,058 | €3,713 | +€2,654 | +251% |
| Recurring financial income | 75 | €1,058 | €3,713 | +€2,654 | +251% |
| Financial charges | 65/66B | €20,902 | €63,725 | +€42,823 | +205% |
| Recurring financial charges | 65 | €20,902 | €63,725 | +€42,823 | +205% |
| Profit (loss) for the period before taxes | 9903 | -€145,924 | -€75,217 | +€70,706 | +48.5% |
| Profit (loss) for the period | 9904 | -€145,924 | -€75,217 | +€70,706 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,924 | -€75,217 | +€70,706 | +48.5% |
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 28 October 2026 via checked.be.