Market E5 CBRA: 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.
What changed
Market E5 CBRA
NACE 53.100, Postal and courier activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€852,717
2024 · -€62,480-€790,238
Equity
€2.3m
2024 · €2.7m-€352,717
Cash
€48,768
2024 · €36,824+€11,944
Balance sheet total
€2.7m
2024 · €3.1m-€305,194
Largest movements
Assets
- Current investments -€273,307
down €273,307 (-12.9%), from €2.1m to €1.8m
- Receivables within one year -€91,231
down €91,231 (-74.1%), from €123,150 to €31,919
of which Trade receivables: -€88,550
- Stocks and contracts +€36,047
up €36,047 (+8.1%), from €445,836 to €481,883
- Tangible fixed assets +€31,439
up €31,439 (+15.0%), from €209,467 to €240,906
of which Plant, machinery and equipment: +€17,045
Equity and liabilities
- Contributions -€740,567
down €740,567 (-18.9%), from €3.9m to €3.2m
- Profit (loss) carried forward +€387,850
up €387,850 (+31.3%), from -€1.2m to -€852,717
- Trade debts +€44,752
up €44,752 (+13.2%), from €340,278 to €385,031
Income statement
- Turnover +€3.9m
up €3.9m (+285%), from €1.4m to €5.3m
- Goods and materials +€3.5m
up €3.5m (+280%), from €1.2m to €4.7m
of which Purchases: +€3.1m
- Services and other goods +€889,711
up €889,711 (+269%), from €330,843 to €1.2m
- Staff costs +€206,106
up €206,106 (+364%), from €56,673 to €262,779
- Write-downs +€100,998
up €100,998 (+91.5%), from -€110,433 to -€9,435
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.
Result 2024
-€62,480
Turnover
+€3.9m
Other operating income
+€49,187
Goods and materials
-€3.5m
Services and other goods
-€889,711
Staff costs
-€206,106
Depreciation
-€48,310
Write-downs
-€100,998
Other operating charges
-€7,156
Other operating items
+€47,119
Financial income
-€52,385
Financial charges
-€17,100
Result 2025
-€852,717
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€685,408
Investment
+€200,748
Financing
+€496,605
Cash 2024
€36,824
From operations (derived)
-€685,408
Net result for the year
-€852,717
Depreciation
+€61,991
Stocks and contracts
-€36,047
Receivables within one year
+€91,231
Smaller working-capital items
-€340
Trade debts
+€44,752
Tax, wage and social debts
+€5,722
Investment (derived)
+€200,748
Investment in fixed assets (net)
-€72,560
Current investments
+€273,307
Financing
+€496,605
Short-term financial debts
-€3,395
Contributions, distributions and other
+€500,000
Cash 2025
€48,768
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,051,804 | €2,746,610 | -€305,194 | -10.0% |
| Fixed assets | 21/28 | €310,510 | €321,079 | +€10,569 | +3.4% |
| Intangible fixed assets | 21 | €101,043 | €80,173 | -€20,870 | -20.7% |
| Tangible fixed assets | 22/27 | €209,467 | €240,906 | +€31,439 | +15.0% |
| Plant, machinery and equipment | 23 | €208,893 | €225,939 | +€17,045 | +8.2% |
| Furniture and vehicles | 24 | €574 | €14,968 | +€14,394 | +2,508% |
| Current assets | 29/58 | €2,741,293 | €2,425,531 | -€315,763 | -11.5% |
| Stocks and contracts in progress | 3 | €445,836 | €481,883 | +€36,047 | +8.1% |
| Stocks | 30/36 | €445,836 | €481,883 | +€36,047 | +8.1% |
| Goods purchased for resale | 34 | €445,836 | €481,883 | +€36,047 | +8.1% |
| Amounts receivable within one year | 40/41 | €123,150 | €31,919 | -€91,231 | -74.1% |
| Trade receivables | 40 | €106,620 | €18,070 | -€88,550 | -83.1% |
| Other amounts receivable | 41 | €16,530 | €13,849 | -€2,681 | -16.2% |
| Current investments | 50/53 | €2,118,248 | €1,844,941 | -€273,307 | -12.9% |
| Other investments | 51/53 | €2,118,248 | €1,844,941 | -€273,307 | -12.9% |
| Cash at bank and in hand | 54/58 | €36,824 | €48,768 | +€11,944 | +32.4% |
| Deferred charges and accrued income | 490/1 | €17,235 | €18,020 | +€784 | +4.6% |
| Total equity and liabilities | 10/49 | €3,051,804 | €2,746,610 | -€305,194 | -10.0% |
| Equity | 10/15 | €2,667,815 | €2,315,098 | -€352,717 | -13.2% |
| Contributions | 10/11 | €3,908,382 | €3,167,815 | -€740,567 | -18.9% |
| Capital | 10 | €3,908,382 | €3,167,815 | -€740,567 | -18.9% |
| Issued capital | 100 | €3,908,382 | €3,167,815 | -€740,567 | -18.9% |
| Profit (loss) carried forward | 14 | -€1,240,567 | -€852,717 | +€387,850 | +31.3% |
| Amounts payable | 17/49 | €383,989 | €431,512 | +€47,524 | +12.4% |
| Amounts payable within one year | 42/48 | €383,581 | €431,046 | +€47,466 | +12.4% |
| Financial debts | 43 | €3,395 | - | -€3,395 | |
| Credit institutions | 430/8 | €3,395 | - | -€3,395 | |
| Trade debts | 44 | €340,278 | €385,031 | +€44,752 | +13.2% |
| Suppliers | 440/4 | €340,278 | €385,031 | +€44,752 | +13.2% |
| Taxes, remuneration and social security | 45 | €39,704 | €45,426 | +€5,722 | +14.4% |
| Taxes | 450/3 | €36,037 | €26,931 | -€9,106 | -25.3% |
| Remuneration and social security | 454/9 | €3,667 | €18,495 | +€14,828 | +404% |
| Other amounts payable | 47/48 | €203 | €589 | +€386 | +190% |
| Accrued charges and deferred income | 492/3 | €408 | €466 | +€58 | +14.3% |
| Operating income | 70/76A | €1,379,589 | €5,377,637 | +€4.0m | +290% |
| Turnover | 70 | €1,368,784 | €5,270,527 | +€3.9m | +285% |
| Other operating income | 74 | €10,804 | €59,991 | +€49,187 | +455% |
| Non-recurring operating income | 76A | - | €47,119 | +€47,119 | |
| Operating charges | 60/66A | €1,528,364 | €6,247,165 | +€4.7m | +309% |
| Goods for resale, raw materials and consumables | 60 | €1,236,632 | €4,703,152 | +€3.5m | +280% |
| Purchases | 600/8 | €1,682,468 | €4,739,199 | +€3.1m | +182% |
| Change in stocks: decrease (increase) | 609 | -€445,836 | -€36,047 | +€409,789 | +91.9% |
| Services and other goods | 61 | €330,843 | €1,220,555 | +€889,711 | +269% |
| Remuneration, social security and pensions | 62 | €56,673 | €262,779 | +€206,106 | +364% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,681 | €61,991 | +€48,310 | +353% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€110,433 | -€9,435 | +€100,998 | +91.5% |
| Other operating charges | 640/8 | €968 | €8,124 | +€7,156 | +740% |
| Operating profit (loss) | 9901 | -€148,776 | -€869,528 | -€720,752 | -484% |
| Financial income | 75/76B | €94,555 | €42,170 | -€52,385 | -55.4% |
| Recurring financial income | 75 | €94,555 | €42,170 | -€52,385 | -55.4% |
| Income from current assets | 751 | €94,555 | €42,170 | -€52,385 | -55.4% |
| Financial charges | 65/66B | €8,259 | €25,359 | +€17,100 | +207% |
| Recurring financial charges | 65 | €8,259 | €25,359 | +€17,100 | +207% |
| Other financial charges | 652/9 | €8,259 | €25,359 | +€17,100 | +207% |
| Profit (loss) for the period before taxes | 9903 | -€62,480 | -€852,717 | -€790,238 | -1,265% |
| Profit (loss) for the period | 9904 | -€62,480 | -€852,717 | -€790,238 | -1,265% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,480 | -€852,717 | -€790,238 | -1,265% |
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 22 October 2026 via checked.be.