CPS PRODUCTS: 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.
CPS PRODUCTS
Largest movements
- Receivables within one year -€413,420
down €413,420 (-27.2%), from €1.5m to €1.1m
of which Trade receivables: -€385,381
- Cash +€297,440
up €297,440 (+170%), from €174,997 to €472,437
mainly Receivables within one year (+€413,420) and Stocks and contracts (+€184,148)
- Stocks and contracts -€184,148
down €184,148 (-11.6%), from €1.6m to €1.4m
- Intangible fixed assets +€34,275
up €34,275, from €0 to €34,275
- Accrued charges and deferred income -€135,855
down €135,855 (-48.5%), from €279,942 to €144,087
- Trade debts -€116,717
down €116,717 (-4.9%), from €2.4m to €2.3m
- Tax, wage and social debts -€33,237
down €33,237 (-33.8%), from €98,266 to €65,029
of which Taxes: -€33,237
- Gross operating margin -€254,429
down €254,429 (-22.8%), from €1.1m to €860,360
- Other operating charges +€115,057
up €115,057 (+1,036%), from €11,107 to €126,164
- Write-downs -€112,422
down €112,422, from €63,546 to -€48,875
- Staff costs -€50,173
down €50,173 (-7.6%), from €661,564 to €611,390
- Taxes -€24,934
down €24,934 (-66.6%), from €37,423 to €12,489
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 | €3,319,822 | €3,056,023 | -€263,800 | -7.9% |
| Fixed assets | 21/28 | €30,882 | €66,330 | +€35,448 | +115% |
| Intangible fixed assets | 21 | €0 | €34,275 | +€34,275 | |
| Tangible fixed assets | 22/27 | €23,272 | €20,640 | -€2,632 | -11.3% |
| Land and buildings | 22 | €7,482 | €5,197 | -€2,285 | -30.5% |
| Plant, machinery and equipment | 23 | €5,982 | €4,161 | -€1,821 | -30.4% |
| Furniture and vehicles | 24 | €9,809 | €11,282 | +€1,474 | +15.0% |
| Financial fixed assets | 28 | €7,610 | €11,415 | +€3,805 | +50.0% |
| Current assets | 29/58 | €3,288,940 | €2,989,693 | -€299,248 | -9.1% |
| Stocks and contracts in progress | 3 | €1,590,333 | €1,406,185 | -€184,148 | -11.6% |
| Stocks | 30/36 | €1,590,333 | €1,406,185 | -€184,148 | -11.6% |
| Amounts receivable within one year | 40/41 | €1,520,425 | €1,107,005 | -€413,420 | -27.2% |
| Trade receivables | 40 | €1,470,425 | €1,085,044 | -€385,381 | -26.2% |
| Other amounts receivable | 41 | €50,000 | €21,961 | -€28,039 | -56.1% |
| Cash at bank and in hand | 54/58 | €174,997 | €472,437 | +€297,440 | +170% |
| Deferred charges and accrued income | 490/1 | €3,185 | €4,066 | +€880 | +27.6% |
| Total equity and liabilities | 10/49 | €3,319,822 | €3,056,023 | -€263,800 | -7.9% |
| Equity | 10/15 | €511,018 | €533,028 | +€22,009 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,498 | €9,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,520 | €461,530 | +€22,009 | +5.0% |
| Amounts payable | 17/49 | €2,808,804 | €2,522,995 | -€285,809 | -10.2% |
| Amounts payable within one year | 42/48 | €2,528,862 | €2,378,907 | -€149,954 | -5.9% |
| Trade debts | 44 | €2,395,720 | €2,279,003 | -€116,717 | -4.9% |
| Suppliers | 440/4 | €2,395,720 | €2,279,003 | -€116,717 | -4.9% |
| Advances received on contracts in progress | 46 | €34,875 | €34,875 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €98,266 | €65,029 | -€33,237 | -33.8% |
| Taxes | 450/3 | €40,631 | €7,394 | -€33,237 | -81.8% |
| Remuneration and social security | 454/9 | €57,635 | €57,635 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €279,942 | €144,087 | -€135,855 | -48.5% |
| Remuneration, social security and pensions | 62 | €661,564 | €611,390 | -€50,173 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,925 | €13,994 | +€3,068 | +28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €63,546 | -€48,875 | -€112,422 | |
| Other operating charges | 640/8 | €11,107 | €126,164 | +€115,057 | +1,036% |
| Non-recurring operating charges | 66A | €104,972 | €0 | -€104,972 | -100% |
| Gross operating margin | 9900 | €1,114,789 | €860,360 | -€254,429 | -22.8% |
| Operating profit (loss) | 9901 | €262,674 | €157,688 | -€104,986 | -40.0% |
| Financial income | 75/76B | €207 | €4,269 | +€4,063 | +1,967% |
| Recurring financial income | 75 | €207 | €4,269 | +€4,063 | +1,967% |
| Financial charges | 65/66B | €139,955 | €127,458 | -€12,497 | -8.9% |
| Recurring financial charges | 65 | €139,955 | €127,458 | -€12,497 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €122,926 | €34,499 | -€88,427 | -71.9% |
| Income taxes | 67/77 | €37,423 | €12,489 | -€24,934 | -66.6% |
| Profit (loss) for the period | 9904 | €85,503 | €22,009 | -€63,493 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,503 | €22,009 | -€63,493 | -74.3% |
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 25 October 2026 via checked.be.