CSP MANAGEMENT: what changed
Two fiscal 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.
CSP MANAGEMENT
Largest movements
- Cash +€54,097
up €54,097 (+38.4%), from €140,920 to €195,017
mainly Other debts (+€247,562) and Net result for the year (+€103,707)
- Other debts +€247,562
up €247,562 (+474.7%), from €52,152 to €299,714
- Reserves -€212,757
down €212,757 (-100.0%), from €212,757 to €0
- Tax, wage and social debts +€13,444
up €13,444 (+28.8%), from €46,660 to €60,104
of which Taxes: +€13,074
- Gross operating margin +€27,642
up €27,642 (+14.5%), from €190,299 to €217,941
- Taxes +€10,855
up €10,855 (+39.6%), from €27,426 to €38,281
- Other operating charges +€3,847
up €3,847 (+229.8%), from €1,674 to €5,521
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.
Cash bridge derived
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 | €335,314 | €385,323 | +€50,009 | +14.9% |
| Fixed assets | 21/28 | €8,353 | €6,398 | -€1,956 | -23.4% |
| Tangible fixed assets | 22/27 | €7,453 | €5,498 | -€1,956 | -26.2% |
| Furniture and vehicles | 24 | €7,453 | €5,498 | -€1,956 | -26.2% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €326,961 | €378,925 | +€51,964 | +15.9% |
| Amounts receivable within one year | 40/41 | €77,957 | €77,834 | -€123 | -0.2% |
| Trade receivables | 40 | €34,660 | €0 | -€34,660 | -100.0% |
| Other amounts receivable | 41 | €43,297 | €77,834 | +€34,537 | +79.8% |
| Current investments | 50/53 | €105,213 | €102,973 | -€2,240 | -2.1% |
| Cash at bank and in hand | 54/58 | €140,920 | €195,017 | +€54,097 | +38.4% |
| Deferred charges and accrued income | 490/1 | €2,871 | €3,101 | +€230 | +8.0% |
| Total equity and liabilities | 10/49 | €335,314 | €385,323 | +€50,009 | +14.9% |
| Equity | 10/15 | €231,307 | €18,550 | -€212,757 | -92.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €212,757 | €0 | -€212,757 | -100.0% |
| Distributable reserves | 133 | €212,757 | €0 | -€212,757 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,007 | €366,773 | +€262,765 | +252.6% |
| Amounts payable within one year | 42/48 | €104,007 | €366,773 | +€262,765 | +252.6% |
| Trade debts | 44 | €5,195 | €6,955 | +€1,760 | +33.9% |
| Suppliers | 440/4 | €5,195 | €6,955 | +€1,760 | +33.9% |
| Taxes, remuneration and social security | 45 | €46,660 | €60,104 | +€13,444 | +28.8% |
| Taxes | 450/3 | €36,593 | €49,667 | +€13,074 | +35.7% |
| Remuneration and social security | 454/9 | €10,067 | €10,437 | +€370 | +3.7% |
| Other amounts payable | 47/48 | €52,152 | €299,714 | +€247,562 | +474.7% |
| Remuneration, social security and pensions | 62 | €68,829 | €69,835 | +€1,007 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,343 | €1,956 | +€612 | +45.6% |
| Other operating charges | 640/8 | €1,674 | €5,521 | +€3,847 | +229.8% |
| Gross operating margin | 9900 | €190,299 | €217,941 | +€27,642 | +14.5% |
| Operating profit (loss) | 9901 | €118,453 | €140,629 | +€22,176 | +18.7% |
| Financial income | 75/76B | €4,755 | €3,282 | -€1,473 | -31.0% |
| Recurring financial income | 75 | €4,755 | €3,282 | -€1,473 | -31.0% |
| Financial charges | 65/66B | -€11 | €1,923 | +€1,935 | |
| Recurring financial charges | 65 | -€11 | €1,923 | +€1,935 | |
| Profit (loss) for the period before taxes | 9903 | €123,219 | €141,988 | +€18,768 | +15.2% |
| Income taxes | 67/77 | €27,426 | €38,281 | +€10,855 | +39.6% |
| Profit (loss) for the period | 9904 | €95,793 | €103,707 | +€7,913 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,793 | €103,707 | +€7,913 | +8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.