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CPPSY: 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

CPPSY

BE 0845.714.195
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,130
2024 · €36,491-€12,360
Equity
€194,021
2024 · €182,391+€11,630
Cash
€33,513
2024 · €43,088-€9,574
Balance sheet total
€247,330
2024 · €238,541+€8,789

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€25,041

    up €25,041 (+17.0%), from €147,339 to €172,380

  • Cash -€9,574

    down €9,574 (-22.2%), from €43,088 to €33,513

    mainly Receivables within one year (-€25,041) and Contributions, distributions and other (-€12,500)

  • Deferred charges and accrued income -€5,226

    no longer reported in 2025 (was €5,226)

Equity and liabilities
  • Reserves +€11,630

    up €11,630 (+6.9%), from €169,050 to €180,680

  • Debts after one year -€7,631

    down €7,631 (-18.9%), from €40,372 to €32,741

  • Trade debts +€5,135

    up €5,135 (+479.4%), from €1,071 to €6,206

Income statement
  • Gross operating margin -€19,749

    down €19,749 (-35.3%), from €55,909 to €36,160

  • Taxes -€5,398

    down €5,398 (-31.5%), from €17,115 to €11,717

  • Other operating charges -€981

    down €981 (-45.2%), from €2,169 to €1,188

  • Financial income +€832

    up €832 (+10.3%), from €8,105 to €8,937

  • Depreciation -€742

    down €742 (-10.5%), from €7,077 to €6,335

From the 2024 result to the 2025 result

effect on the 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 €36,491
Gross operating margin -€19,749
Depreciation +€742
Other operating charges +€981
Financial income +€832
Financial charges -€564
Taxes +€5,398
Result 2025 €24,130

Cash bridge derived

cash 2024 to 2025

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 +€14,583
Investment -€4,883
Financing -€19,275
Cash 2024 €43,088
Net result for the year +€24,130
Depreciation +€6,335
Receivables within one year -€25,041
Deferred charges and accrued income +€5,226
Trade debts +€5,135
Tax, wage and social debts -€1,201
Investment in fixed assets (net) -€4,883
Debts after one year -€7,631
Current portion of long-term debt +€856
Contributions, distributions and other -€12,500
Cash 2025 €33,513
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €238,541 €247,330 +€8,789 +3.7%
Fixed assets 21/28 €42,889 €41,437 -€1,452 -3.4%
Tangible fixed assets 22/27 €42,889 €41,437 -€1,452 -3.4%
Land and buildings 22 €42,770 €39,892 -€2,878 -6.7%
Furniture and vehicles 24 €119 €1,545 +€1,426 +1200.4%
Current assets 29/58 €195,652 €205,893 +€10,241 +5.2%
Amounts receivable within one year 40/41 €147,339 €172,380 +€25,041 +17.0%
Other amounts receivable 41 €147,339 €172,380 +€25,041 +17.0%
Cash at bank and in hand 54/58 €43,088 €33,513 -€9,574 -22.2%
Deferred charges and accrued income 490/1 €5,226 - -€5,226
Total equity and liabilities 10/49 €238,541 €247,330 +€8,789 +3.7%
Equity 10/15 €182,391 €194,021 +€11,630 +6.4%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €169,050 €180,680 +€11,630 +6.9%
Distributable reserves 133 €169,050 €180,680 +€11,630 +6.9%
Profit (loss) carried forward 14 €941 €941 = 0.0%
Amounts payable 17/49 €56,150 €53,309 -€2,841 -5.1%
Amounts payable after more than one year 17 €40,372 €32,741 -€7,631 -18.9%
Financial debts 170/4 €40,372 €32,741 -€7,631 -18.9%
Amounts payable within one year 42/48 €15,778 €20,567 +€4,790 +30.4%
Current portion of amounts payable after more than one year 42 €8,182 €9,038 +€856 +10.5%
Trade debts 44 €1,071 €6,206 +€5,135 +479.4%
Suppliers 440/4 €1,071 €6,206 +€5,135 +479.4%
Taxes, remuneration and social security 45 €6,524 €5,323 -€1,201 -18.4%
Taxes 450/3 €6,524 €5,323 -€1,201 -18.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,077 €6,335 -€742 -10.5%
Other operating charges 640/8 €2,169 €1,188 -€981 -45.2%
Gross operating margin 9900 €55,909 €36,160 -€19,749 -35.3%
Operating profit (loss) 9901 €46,664 €28,637 -€18,026 -38.6%
Financial income 75/76B €8,105 €8,937 +€832 +10.3%
Recurring financial income 75 €8,105 €8,937 +€832 +10.3%
Financial charges 65/66B €1,163 €1,727 +€564 +48.5%
Recurring financial charges 65 €1,163 €1,727 +€564 +48.5%
Profit (loss) for the period before taxes 9903 €53,606 €35,847 -€17,759 -33.1%
Income taxes 67/77 €17,115 €11,717 -€5,398 -31.5%
Profit (loss) for the period 9904 €36,491 €24,130 -€12,360 -33.9%
Profit (loss) for the period to be appropriated 9905 €36,491 €24,130 -€12,360 -33.9%

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 29 September 2026 via checked.be.