Team CPX: 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.
Team CPX
Largest movements
- Cash +€27,213
up €27,213 (+141.0%), from €19,299 to €46,512
mainly Deferred charges and accrued income (+€16,484) and Trade debts (+€11,573)
- Deferred charges and accrued income -€16,484
down €16,484 (-84.7%), from €19,469 to €2,986
- Receivables within one year +€9,798
up €9,798 (+38.7%), from €25,304 to €35,103
of which Trade receivables: +€6,269
- Tangible fixed assets -€9,790
down €9,790 (-21.3%), from €46,040 to €36,250
of which Furniture and vehicles: -€9,013
- Trade debts +€11,573
up €11,573 (+456.1%), from €2,538 to €14,110
- Reserves +€11,100
up €11,100 (+25.4%), from €43,750 to €54,850
of which Distributable reserves: +€11,100
- Debts after one year -€5,787
down €5,787 (-24.1%), from €23,972 to €18,185
- Other debts -€4,330
no longer reported in 2025 (was €4,330)
- Tax, wage and social debts -€2,204
down €2,204 (-21.7%), from €10,143 to €7,938
of which Remuneration and social security: -€3,469
- Gross operating margin +€19,209
up €19,209 (+37.7%), from €50,893 to €70,102
- Financial income -€9,565
down €9,565 (-98.5%), from €9,714 to €150
of which Non-recurring financial income: -€9,500
- Depreciation +€6,401
up €6,401 (+188.9%), from €3,389 to €9,790
- Staff costs +€2,975
up €2,975 (+7.8%), from €38,059 to €41,034
- Other operating charges -€1,547
down €1,547 (-58.1%), from €2,661 to €1,115
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 | €110,112 | €120,850 | +€10,737 | +9.8% |
| Fixed assets | 21/28 | €46,040 | €36,250 | -€9,790 | -21.3% |
| Tangible fixed assets | 22/27 | €46,040 | €36,250 | -€9,790 | -21.3% |
| Plant, machinery and equipment | 23 | €3,222 | €2,445 | -€777 | -24.1% |
| Furniture and vehicles | 24 | €42,818 | €33,805 | -€9,013 | -21.0% |
| Current assets | 29/58 | €64,073 | €84,600 | +€20,527 | +32.0% |
| Amounts receivable within one year | 40/41 | €25,304 | €35,103 | +€9,798 | +38.7% |
| Trade receivables | 40 | €21,772 | €28,041 | +€6,269 | +28.8% |
| Other amounts receivable | 41 | €3,532 | €7,061 | +€3,529 | +99.9% |
| Cash at bank and in hand | 54/58 | €19,299 | €46,512 | +€27,213 | +141.0% |
| Deferred charges and accrued income | 490/1 | €19,469 | €2,986 | -€16,484 | -84.7% |
| Total equity and liabilities | 10/49 | €110,112 | €120,850 | +€10,737 | +9.8% |
| Equity | 10/15 | €62,354 | €73,459 | +€11,105 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,750 | €54,850 | +€11,100 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,890 | €52,990 | +€11,100 | +26.5% |
| Profit (loss) carried forward | 14 | €4 | €9 | +€5 | +134.6% |
| Amounts payable | 17/49 | €47,759 | €47,391 | -€368 | -0.8% |
| Amounts payable after more than one year | 17 | €23,972 | €18,185 | -€5,787 | -24.1% |
| Financial debts | 170/4 | €23,972 | €18,185 | -€5,787 | -24.1% |
| Amounts payable within one year | 42/48 | €22,583 | €27,836 | +€5,254 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €5,573 | €5,787 | +€215 | +3.9% |
| Trade debts | 44 | €2,538 | €14,110 | +€11,573 | +456.1% |
| Suppliers | 440/4 | €2,538 | €14,110 | +€11,573 | +456.1% |
| Taxes, remuneration and social security | 45 | €10,143 | €7,938 | -€2,204 | -21.7% |
| Taxes | 450/3 | €5,524 | €6,788 | +€1,265 | +22.9% |
| Remuneration and social security | 454/9 | €4,619 | €1,150 | -€3,469 | -75.1% |
| Other amounts payable | 47/48 | €4,330 | - | -€4,330 | |
| Accrued charges and deferred income | 492/3 | €1,204 | €1,370 | +€166 | +13.8% |
| Remuneration, social security and pensions | 62 | €38,059 | €41,034 | +€2,975 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,389 | €9,790 | +€6,401 | +188.9% |
| Other operating charges | 640/8 | €2,661 | €1,115 | -€1,547 | -58.1% |
| Non-recurring operating charges | 66A | €0 | €1 | +€1 | +500.0% |
| Gross operating margin | 9900 | €50,893 | €70,102 | +€19,209 | +37.7% |
| Operating profit (loss) | 9901 | €6,783 | €18,162 | +€11,378 | +167.7% |
| Financial income | 75/76B | €9,714 | €150 | -€9,565 | -98.5% |
| Recurring financial income | 75 | €214 | €150 | -€65 | -30.2% |
| Non-recurring financial income | 76B | €9,500 | - | -€9,500 | |
| Financial charges | 65/66B | €1,533 | €1,792 | +€260 | +16.9% |
| Recurring financial charges | 65 | €1,533 | €1,792 | +€260 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €14,965 | €16,519 | +€1,554 | +10.4% |
| Income taxes | 67/77 | €4,574 | €5,414 | +€840 | +18.4% |
| Profit (loss) for the period | 9904 | €10,391 | €11,105 | +€714 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,391 | €11,105 | +€714 | +6.9% |
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 7 October 2026 via checked.be.