CS INVEST: 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 INVEST
Largest movements
- Stocks and contracts +€32,100
up €32,100 (+15.1%), from €212,465 to €244,565
- Cash +€17,119
up €17,119 (+20.6%), from €83,165 to €100,284
mainly Current portion of long-term debt (+€50,000) and Tax, wage and social debts (+€5,444)
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Reserves -€6,557
down €6,557 (-8.6%), from €75,910 to €69,353
- Tax, wage and social debts +€5,444
up €5,444 (+30.3%), from €17,937 to €23,381
- Gross operating margin -€130,396
down €130,396 (-91.4%), from €142,728 to €12,332
- Write-downs -€34,011
down €34,011 (-100%), from €34,011 to €0
- Taxes -€7,892
down €7,892 (-52.2%), from €15,133 to €7,240
- Financial charges +€5,259
up €5,259 (+127%), from €4,143 to €9,402
- Other operating charges -€3,597
down €3,597 (-64.8%), from €5,551 to €1,954
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 | €296,239 | €345,166 | +€48,927 | +16.5% |
| Formation expenses | 20 | €585 | €292 | -€292 | -50.0% |
| Current assets | 29/58 | €295,654 | €344,874 | +€49,219 | +16.6% |
| Stocks and contracts in progress | 3 | €212,465 | €244,565 | +€32,100 | +15.1% |
| Stocks | 30/36 | €212,465 | €244,565 | +€32,100 | +15.1% |
| Amounts receivable within one year | 40/41 | €25 | €25 | = | 0.0% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,165 | €100,284 | +€17,119 | +20.6% |
| Total equity and liabilities | 10/49 | €296,239 | €345,166 | +€48,927 | +16.5% |
| Equity | 10/15 | €77,910 | €71,353 | -€6,557 | -8.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €75,910 | €69,353 | -€6,557 | -8.6% |
| Distributable reserves | 133 | €75,910 | €69,353 | -€6,557 | -8.6% |
| Amounts payable | 17/49 | €218,329 | €273,813 | +€55,484 | +25.4% |
| Amounts payable within one year | 42/48 | €218,329 | €273,813 | +€55,484 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €392 | €432 | +€40 | +10.1% |
| Suppliers | 440/4 | €392 | €432 | +€40 | +10.1% |
| Taxes, remuneration and social security | 45 | €17,937 | €23,381 | +€5,444 | +30.3% |
| Taxes | 450/3 | €17,937 | €23,381 | +€5,444 | +30.3% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €292 | +€141 | +92.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,011 | €0 | -€34,011 | -100% |
| Other operating charges | 640/8 | €5,551 | €1,954 | -€3,597 | -64.8% |
| Gross operating margin | 9900 | €142,728 | €12,332 | -€130,396 | -91.4% |
| Operating profit (loss) | 9901 | €103,014 | €10,085 | -€92,929 | -90.2% |
| Financial income | 75/76B | €1,573 | €0 | -€1,573 | -100% |
| Recurring financial income | 75 | €1,573 | €0 | -€1,573 | -100% |
| Financial charges | 65/66B | €4,143 | €9,402 | +€5,259 | +127% |
| Recurring financial charges | 65 | €4,143 | €9,402 | +€5,259 | +127% |
| Profit (loss) for the period before taxes | 9903 | €100,445 | €683 | -€99,761 | -99.3% |
| Income taxes | 67/77 | €15,133 | €7,240 | -€7,892 | -52.2% |
| Profit (loss) for the period | 9904 | €85,312 | -€6,557 | -€91,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,312 | -€6,557 | -€91,869 |
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.