CS BELGIUM: 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.
CS BELGIUM
Largest movements
- Cash +€392,150
up €392,150 (+100%), from €391,102 to €783,252
mainly Net result for the year (+€383,692) and Trade debts (+€112,061)
- Intangible fixed assets -€78,262
down €78,262 (-41.9%), from €186,860 to €108,598
- Receivables within one year +€44,330
up €44,330 (+6.8%), from €649,693 to €694,023
of which Trade receivables: +€68,484
- Reserves +€383,692
up €383,692 (+154%), from €249,718 to €633,411
of which Distributable reserves: +€383,692
- Other debts -€200,000
down €200,000 (-51.3%), from €390,000 to €190,000
- Trade debts +€112,061
up €112,061 (+47.5%), from €235,968 to €348,030
- Tax, wage and social debts +€61,724
up €61,724 (+18.2%), from €339,359 to €401,083
of which Taxes: +€39,292
- Staff costs +€59,168
up €59,168 (+13.7%), from €431,456 to €490,624
- Financial charges -€38,867
down €38,867 (-95.4%), from €40,761 to €1,894
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 | €1,429,295 | €1,786,089 | +€356,793 | +25.0% |
| Fixed assets | 21/28 | €188,500 | €108,813 | -€79,687 | -42.3% |
| Intangible fixed assets | 21 | €186,860 | €108,598 | -€78,262 | -41.9% |
| Tangible fixed assets | 22/27 | €1,640 | €216 | -€1,425 | -86.9% |
| Plant, machinery and equipment | 23 | €1,181 | - | -€1,181 | |
| Furniture and vehicles | 24 | €460 | €216 | -€244 | -53.1% |
| Current assets | 29/58 | €1,240,795 | €1,677,275 | +€436,480 | +35.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €649,693 | €694,023 | +€44,330 | +6.8% |
| Trade receivables | 40 | €591,968 | €660,452 | +€68,484 | +11.6% |
| Other amounts receivable | 41 | €57,725 | €33,571 | -€24,154 | -41.8% |
| Cash at bank and in hand | 54/58 | €391,102 | €783,252 | +€392,150 | +100% |
| Total equity and liabilities | 10/49 | €1,429,295 | €1,786,089 | +€356,793 | +25.0% |
| Equity | 10/15 | €268,268 | €651,961 | +€383,692 | +143% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €249,718 | €633,411 | +€383,692 | +154% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €247,863 | €631,556 | +€383,692 | +155% |
| Amounts payable | 17/49 | €1,161,027 | €1,134,128 | -€26,899 | -2.3% |
| Amounts payable within one year | 42/48 | €965,327 | €939,112 | -€26,215 | -2.7% |
| Trade debts | 44 | €235,968 | €348,030 | +€112,061 | +47.5% |
| Suppliers | 440/4 | €235,968 | €348,030 | +€112,061 | +47.5% |
| Taxes, remuneration and social security | 45 | €339,359 | €401,083 | +€61,724 | +18.2% |
| Taxes | 450/3 | €285,401 | €324,693 | +€39,292 | +13.8% |
| Remuneration and social security | 454/9 | €53,957 | €76,390 | +€22,432 | +41.6% |
| Other amounts payable | 47/48 | €390,000 | €190,000 | -€200,000 | -51.3% |
| Accrued charges and deferred income | 492/3 | €195,700 | €195,016 | -€684 | -0.3% |
| Remuneration, social security and pensions | 62 | €431,456 | €490,624 | +€59,168 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,191 | €79,687 | -€4,504 | -5.3% |
| Other operating charges | 640/8 | €1,648 | €2,113 | +€465 | +28.2% |
| Gross operating margin | 9900 | €1,099,659 | €1,093,037 | -€6,622 | -0.6% |
| Operating profit (loss) | 9901 | €582,364 | €520,613 | -€61,751 | -10.6% |
| Financial income | 75/76B | €7,461 | €12,366 | +€4,905 | +65.7% |
| Recurring financial income | 75 | €7,461 | €12,366 | +€4,905 | +65.7% |
| Financial charges | 65/66B | €40,761 | €1,894 | -€38,867 | -95.4% |
| Recurring financial charges | 65 | €40,761 | €1,894 | -€38,867 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €549,064 | €531,085 | -€17,979 | -3.3% |
| Income taxes | 67/77 | €154,811 | €147,393 | -€7,418 | -4.8% |
| Profit (loss) for the period | 9904 | €394,253 | €383,692 | -€10,561 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €394,253 | €383,692 | -€10,561 | -2.7% |
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.