CS Holding: 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 Holding
Largest movements
- Current investments +€74,165
up €74,165 (+93.2%), from €79,540 to €153,705
- Tangible fixed assets +€11,284
up €11,284 (+6.6%), from €171,692 to €182,976
of which Furniture and vehicles: +€13,511
- Reserves +€124,000
up €124,000 (+97.6%), from €127,084 to €251,084
- Other debts -€35,861
down €35,861 (-93.3%), from €38,422 to €2,561
- Debts after one year -€9,303
down €9,303 (-9.7%), from €95,486 to €86,183
- Tax, wage and social debts +€6,550
up €6,550 (+25.3%), from €25,881 to €32,431
- Gross operating margin +€24,499
up €24,499 (+12.8%), from €191,287 to €215,786
- Taxes +€9,086
up €9,086 (+16.1%), from €56,381 to €65,467
- Financial income -€2,192
down €2,192 (-72.9%), from €3,005 to €813
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 | €361,935 | €448,101 | +€86,165 | +23.8% |
| Fixed assets | 21/28 | €171,692 | €182,976 | +€11,284 | +6.6% |
| Tangible fixed assets | 22/27 | €171,692 | €182,976 | +€11,284 | +6.6% |
| Land and buildings | 22 | €156,417 | €147,845 | -€8,571 | -5.5% |
| Plant, machinery and equipment | 23 | €2,237 | €4,082 | +€1,844 | +82.4% |
| Furniture and vehicles | 24 | €13,039 | €26,549 | +€13,511 | +104% |
| Other tangible fixed assets | 26 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €190,243 | €265,125 | +€74,882 | +39.4% |
| Amounts receivable within one year | 40/41 | €57,861 | €57,262 | -€599 | -1.0% |
| Trade receivables | 40 | €57,083 | €57,057 | -€26 | 0.0% |
| Other amounts receivable | 41 | €779 | €206 | -€573 | -73.6% |
| Current investments | 50/53 | €79,540 | €153,705 | +€74,165 | +93.2% |
| Cash at bank and in hand | 54/58 | €51,556 | €50,692 | -€864 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,285 | €3,465 | +€2,180 | +170% |
| Total equity and liabilities | 10/49 | €361,935 | €448,101 | +€86,165 | +23.8% |
| Equity | 10/15 | €190,578 | €315,400 | +€124,822 | +65.5% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €127,084 | €251,084 | +€124,000 | +97.6% |
| Distributable reserves | 133 | €127,084 | €251,084 | +€124,000 | +97.6% |
| Profit (loss) carried forward | 14 | €43,089 | €43,911 | +€822 | +1.9% |
| Amounts payable | 17/49 | €171,357 | €132,701 | -€38,657 | -22.6% |
| Amounts payable after more than one year | 17 | €95,486 | €86,183 | -€9,303 | -9.7% |
| Financial debts | 170/4 | €95,486 | €86,183 | -€9,303 | -9.7% |
| Amounts payable within one year | 42/48 | €74,392 | €45,075 | -€29,317 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €9,796 | €10,075 | +€279 | +2.8% |
| Trade debts | 44 | €292 | €8 | -€284 | -97.3% |
| Suppliers | 440/4 | €292 | €8 | -€284 | -97.3% |
| Taxes, remuneration and social security | 45 | €25,881 | €32,431 | +€6,550 | +25.3% |
| Taxes | 450/3 | €25,881 | €32,431 | +€6,550 | +25.3% |
| Other amounts payable | 47/48 | €38,422 | €2,561 | -€35,861 | -93.3% |
| Accrued charges and deferred income | 492/3 | €1,479 | €1,443 | -€37 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,558 | €16,185 | +€627 | +4.0% |
| Other operating charges | 640/8 | €3,026 | €1,869 | -€1,157 | -38.2% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €191,287 | €215,786 | +€24,499 | +12.8% |
| Operating profit (loss) | 9901 | €172,683 | €197,732 | +€25,049 | +14.5% |
| Financial income | 75/76B | €3,005 | €813 | -€2,192 | -72.9% |
| Recurring financial income | 75 | €3,005 | €813 | -€2,192 | -72.9% |
| Financial charges | 65/66B | €7,555 | €8,256 | +€701 | +9.3% |
| Recurring financial charges | 65 | €7,555 | €8,256 | +€701 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €168,133 | €190,289 | +€22,155 | +13.2% |
| Income taxes | 67/77 | €56,381 | €65,467 | +€9,086 | +16.1% |
| Profit (loss) for the period | 9904 | €111,752 | €124,822 | +€13,070 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,752 | €124,822 | +€13,070 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.