CS BRUXELLES: 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 BRUXELLES
Largest movements
- Cash +€49,176
up €49,176 (+605%), from €8,134 to €57,310
mainly Trade debts (+€27,186) and Other debts (+€26,105)
- Receivables within one year +€27,301
up €27,301 (+89.4%), from €30,535 to €57,836
of which Other amounts receivable: +€36,701
- Financial fixed assets -€5,400
down €5,400 (-100%), from €5,400 to €0
- Tangible fixed assets +€3,618
up €3,618 (+37.6%), from €9,618 to €13,236
of which Assets under construction and advance payments: +€3,121
- Deferred charges and accrued income +€1,694
up €1,694 (+135%), from €1,256 to €2,950
- Trade debts +€27,186
up €27,186 (+221%), from €12,315 to €39,501
- Other debts +€26,105
up €26,105 (+6,694%), from €390 to €26,495
- Provisions +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€14,264
up €14,264 (+191%), from €7,488 to €21,751
- Tax, wage and social debts -€7,561
down €7,561 (-29.7%), from €25,438 to €17,876
of which Remuneration and social security: -€4,565
- Gross operating margin +€14,638
up €14,638 (+33.4%), from €43,813 to €58,451
- Staff costs -€11,657
down €11,657 (-56.4%), from €20,680 to €9,023
- Write-downs -€11,070
no longer reported in 2025 (was €11,070)
- Taxes +€3,230
up €3,230 (+163%), from €1,983 to €5,214
- Other operating charges +€3,216
up €3,216 (+349%), from €921 to €4,136
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 | €54,943 | €131,332 | +€76,389 | +139% |
| Fixed assets | 21/28 | €15,018 | €13,236 | -€1,782 | -11.9% |
| Tangible fixed assets | 22/27 | €9,618 | €13,236 | +€3,618 | +37.6% |
| Furniture and vehicles | 24 | €9,618 | €10,115 | +€497 | +5.2% |
| Assets under construction and advance payments | 27 | - | €3,121 | +€3,121 | |
| Financial fixed assets | 28 | €5,400 | €0 | -€5,400 | -100% |
| Current assets | 29/58 | €39,925 | €118,096 | +€78,171 | +196% |
| Amounts receivable within one year | 40/41 | €30,535 | €57,836 | +€27,301 | +89.4% |
| Trade receivables | 40 | €9,921 | €520 | -€9,401 | -94.8% |
| Other amounts receivable | 41 | €20,614 | €57,315 | +€36,701 | +178% |
| Cash at bank and in hand | 54/58 | €8,134 | €57,310 | +€49,176 | +605% |
| Deferred charges and accrued income | 490/1 | €1,256 | €2,950 | +€1,694 | +135% |
| Total equity and liabilities | 10/49 | €54,943 | €131,332 | +€76,389 | +139% |
| Equity | 10/15 | €7,488 | €21,751 | +€14,264 | +191% |
| Profit (loss) carried forward | 14 | €7,488 | €21,751 | +€14,264 | +191% |
| Provisions and deferred taxes | 16 | - | €20,000 | +€20,000 | |
| Provisions for liabilities and charges | 160/5 | - | €20,000 | +€20,000 | |
| Pensions and similar obligations | 160 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €47,455 | €89,580 | +€42,125 | +88.8% |
| Amounts payable after more than one year | 17 | €5,708 | €2,103 | -€3,605 | -63.2% |
| Financial debts | 170/4 | €5,708 | €2,103 | -€3,605 | -63.2% |
| Amounts payable within one year | 42/48 | €41,747 | €87,477 | +€45,730 | +110% |
| Financial debts | 43 | €3,605 | €3,605 | = | 0.0% |
| Credit institutions | 430/8 | €3,605 | €3,605 | = | 0.0% |
| Trade debts | 44 | €12,315 | €39,501 | +€27,186 | +221% |
| Suppliers | 440/4 | €12,315 | €39,501 | +€27,186 | +221% |
| Taxes, remuneration and social security | 45 | €25,438 | €17,876 | -€7,561 | -29.7% |
| Taxes | 450/3 | €20,872 | €17,876 | -€2,996 | -14.4% |
| Remuneration and social security | 454/9 | €4,565 | - | -€4,565 | |
| Other amounts payable | 47/48 | €390 | €26,495 | +€26,105 | +6,694% |
| Remuneration, social security and pensions | 62 | €20,680 | €9,023 | -€11,657 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,805 | €4,582 | +€2,777 | +154% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,070 | - | -€11,070 | |
| Other operating charges | 640/8 | €921 | €4,136 | +€3,216 | +349% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €43,813 | €58,451 | +€14,638 | +33.4% |
| Operating profit (loss) | 9901 | €9,338 | €20,710 | +€11,372 | +122% |
| Financial income | 75/76B | €1,182 | - | -€1,182 | |
| Recurring financial income | 75 | €1,182 | - | -€1,182 | |
| Financial charges | 65/66B | €761 | €1,233 | +€471 | +61.9% |
| Recurring financial charges | 65 | €761 | €1,233 | +€471 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €9,758 | €19,477 | +€9,719 | +99.6% |
| Income taxes | 67/77 | €1,983 | €5,214 | +€3,230 | +163% |
| Profit (loss) for the period | 9904 | €7,775 | €14,264 | +€6,489 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,775 | €14,264 | +€6,489 | +83.5% |
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 1 November 2026 via checked.be.