CPT: 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.
CPT
Largest movements
- Tangible fixed assets +€300,170
up €300,170 (+27.8%), from €1.1m to €1.4m
of which Other tangible fixed assets: +€643,161
- Cash -€99,773
down €99,773 (-79.9%), from €124,890 to €25,117
mainly Investment in fixed assets (net) (-€396,014) and Trade debts (-€80,178)
- Debts after one year +€280,074
up €280,074 (+35.9%), from €780,899 to €1.1m
of which Financial debts: +€160,074
- Trade debts -€80,178
down €80,178 (-66.7%), from €120,273 to €40,095
- Other debts -€30,195
down €30,195 (-21.8%), from €138,653 to €108,458
- Tax, wage and social debts +€28,464
up €28,464 (+148%), from €19,219 to €47,683
of which Taxes: +€30,280
- Advances received -€23,586
down €23,586 (-52.3%), from €45,108 to €21,523
- Gross operating margin +€82,234
up €82,234 (+37.7%), from €218,065 to €300,299
- Depreciation +€59,292
up €59,292 (+139%), from €42,731 to €102,023
- Staff costs -€18,251
down €18,251 (-11.9%), from €153,097 to €134,846
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 | €1,328,322 | €1,540,350 | +€212,029 | +16.0% |
| Fixed assets | 21/28 | €1,088,574 | €1,382,566 | +€293,991 | +27.0% |
| Intangible fixed assets | 21 | €1,557 | €1,159 | -€398 | -25.6% |
| Tangible fixed assets | 22/27 | €1,081,237 | €1,381,407 | +€300,170 | +27.8% |
| Land and buildings | 22 | €252,766 | €646,160 | +€393,394 | +156% |
| Plant, machinery and equipment | 23 | €30,964 | €10,122 | -€20,842 | -67.3% |
| Furniture and vehicles | 24 | €38,289 | €3,231 | -€35,058 | -91.6% |
| Other tangible fixed assets | 26 | €78,733 | €721,894 | +€643,161 | +817% |
| Assets under construction and advance payments | 27 | €680,485 | €0 | -€680,485 | -100% |
| Financial fixed assets | 28 | €5,781 | €0 | -€5,781 | -100% |
| Current assets | 29/58 | €239,747 | €157,785 | -€81,962 | -34.2% |
| Amounts receivable after more than one year | 29 | €31,649 | €44,229 | +€12,579 | +39.7% |
| Other amounts receivable | 291 | €31,649 | €44,229 | +€12,579 | +39.7% |
| Stocks and contracts in progress | 3 | €23,370 | €18,054 | -€5,315 | -22.7% |
| Stocks | 30/36 | €23,370 | €18,054 | -€5,315 | -22.7% |
| Amounts receivable within one year | 40/41 | €53,832 | €64,526 | +€10,695 | +19.9% |
| Trade receivables | 40 | €39,629 | €56,824 | +€17,195 | +43.4% |
| Other amounts receivable | 41 | €14,203 | €7,702 | -€6,500 | -45.8% |
| Cash at bank and in hand | 54/58 | €124,890 | €25,117 | -€99,773 | -79.9% |
| Deferred charges and accrued income | 490/1 | €6,006 | €5,858 | -€148 | -2.5% |
| Total equity and liabilities | 10/49 | €1,328,322 | €1,540,350 | +€212,029 | +16.0% |
| Equity | 10/15 | €161,652 | €178,232 | +€16,580 | +10.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,600 | €173,170 | +€16,570 | +10.6% |
| Distributable reserves | 133 | €156,600 | €173,170 | +€16,570 | +10.6% |
| Profit (loss) carried forward | 14 | €52 | €62 | +€10 | +18.9% |
| Amounts payable | 17/49 | €1,166,670 | €1,362,119 | +€195,449 | +16.8% |
| Amounts payable after more than one year | 17 | €780,899 | €1,060,973 | +€280,074 | +35.9% |
| Financial debts | 170/4 | €780,899 | €940,973 | +€160,074 | +20.5% |
| Other amounts payable | 178/9 | - | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €385,771 | €300,313 | -€85,458 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €62,518 | €82,554 | +€20,036 | +32.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €120,273 | €40,095 | -€80,178 | -66.7% |
| Suppliers | 440/4 | €120,273 | €40,095 | -€80,178 | -66.7% |
| Advances received on contracts in progress | 46 | €45,108 | €21,523 | -€23,586 | -52.3% |
| Taxes, remuneration and social security | 45 | €19,219 | €47,683 | +€28,464 | +148% |
| Taxes | 450/3 | €1,146 | €31,426 | +€30,280 | +2,641% |
| Remuneration and social security | 454/9 | €18,072 | €16,257 | -€1,816 | -10.0% |
| Other amounts payable | 47/48 | €138,653 | €108,458 | -€30,195 | -21.8% |
| Accrued charges and deferred income | 492/3 | €0 | €833 | +€833 | |
| Remuneration, social security and pensions | 62 | €153,097 | €134,846 | -€18,251 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,731 | €102,023 | +€59,292 | +139% |
| Other operating charges | 640/8 | €7,434 | €10,106 | +€2,672 | +35.9% |
| Gross operating margin | 9900 | €218,065 | €300,299 | +€82,234 | +37.7% |
| Operating profit (loss) | 9901 | €14,803 | €53,323 | +€38,520 | +260% |
| Financial income | 75/76B | €23 | €1 | -€21 | -94.6% |
| Recurring financial income | 75 | €23 | €1 | -€21 | -94.6% |
| Financial charges | 65/66B | €35,444 | €34,064 | -€1,380 | -3.9% |
| Recurring financial charges | 65 | €35,444 | €34,064 | -€1,380 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,619 | €19,260 | +€39,879 | |
| Income taxes | 67/77 | €0 | €2,680 | +€2,680 | |
| Profit (loss) for the period | 9904 | -€20,619 | €16,580 | +€37,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,619 | €16,580 | +€37,198 |
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 14 October 2026 via checked.be.