C.D. & ASSOCIES: 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.
C.D. & ASSOCIES
Largest movements
- Receivables within one year +€28,778
up €28,778 (+28.0%), from €102,752 to €131,530
of which Trade receivables: +€30,582
- Cash -€8,525
down €8,525 (-37.1%), from €23,007 to €14,482
- Tangible fixed assets -€7,722
down €7,722 (-8.8%), from €87,568 to €79,846
of which Land and buildings: -€10,859
- Receivables after one year +€4,500
up €4,500 (+15.1%), from €29,900 to €34,400
- Deferred charges and accrued income +€3,185
new in 2024: €3,185
- Trade debts +€48,012
up €48,012 (+47.4%), from €101,241 to €149,253
- Debts after one year -€26,018
down €26,018 (-47.5%), from €54,718 to €28,700
of which Financial debts: -€26,018
- Tax, wage and social debts -€8,728
down €8,728 (-56.6%), from €15,430 to €6,702
- Short-term financial debts +€3,418
up €3,418 (+399%), from €857 to €4,275
- Other debts +€2,935
up €2,935 (+188%), from €1,565 to €4,500
- Gross operating margin -€7,778
down €7,778 (-43.3%), from €17,977 to €10,199
- Depreciation +€2,286
up €2,286 (+56.4%), from €4,052 to €6,338
- Taxes -€1,928
down €1,928 (-49.9%), from €3,865 to €1,937
- Other operating charges -€582
down €582 (-32.7%), from €1,781 to €1,199
From the 2021 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,690 | €263,906 | +€20,216 | +8.3% |
| Fixed assets | 21/28 | €88,031 | €80,309 | -€7,722 | -8.8% |
| Tangible fixed assets | 22/27 | €87,568 | €79,846 | -€7,722 | -8.8% |
| Land and buildings | 22 | €85,218 | €74,359 | -€10,859 | -12.7% |
| Plant, machinery and equipment | 23 | €2,031 | €812 | -€1,219 | -60.0% |
| Furniture and vehicles | 24 | €319 | €4,675 | +€4,356 | +1,366% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €155,659 | €183,597 | +€27,938 | +17.9% |
| Amounts receivable after more than one year | 29 | €29,900 | €34,400 | +€4,500 | +15.1% |
| Other amounts receivable | 291 | €29,900 | €34,400 | +€4,500 | +15.1% |
| Amounts receivable within one year | 40/41 | €102,752 | €131,530 | +€28,778 | +28.0% |
| Trade receivables | 40 | €76,879 | €107,461 | +€30,582 | +39.8% |
| Other amounts receivable | 41 | €25,873 | €24,069 | -€1,804 | -7.0% |
| Cash at bank and in hand | 54/58 | €23,007 | €14,482 | -€8,525 | -37.1% |
| Deferred charges and accrued income | 490/1 | - | €3,185 | +€3,185 | |
| Total equity and liabilities | 10/49 | €243,690 | €263,906 | +€20,216 | +8.3% |
| Equity | 10/15 | €68,040 | €68,816 | +€776 | +1.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,110 | €3,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,110 | €3,110 | = | 0.0% |
| Legal reserve | 130 | €3,110 | €3,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,943 | €34,719 | +€776 | +2.3% |
| Amounts payable | 17/49 | €175,650 | €195,090 | +€19,440 | +11.1% |
| Amounts payable after more than one year | 17 | €54,718 | €28,700 | -€26,018 | -47.5% |
| Financial debts | 170/4 | €26,018 | - | -€26,018 | |
| Other amounts payable | 178/9 | €28,700 | €28,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,093 | €164,730 | +€45,637 | +38.3% |
| Financial debts | 43 | €857 | €4,275 | +€3,418 | +399% |
| Credit institutions | 430/8 | €857 | €4,275 | +€3,418 | +399% |
| Trade debts | 44 | €101,241 | €149,253 | +€48,012 | +47.4% |
| Suppliers | 440/4 | €101,241 | €149,253 | +€48,012 | +47.4% |
| Taxes, remuneration and social security | 45 | €15,430 | €6,702 | -€8,728 | -56.6% |
| Taxes | 450/3 | €15,430 | €6,702 | -€8,728 | -56.6% |
| Other amounts payable | 47/48 | €1,565 | €4,500 | +€2,935 | +188% |
| Accrued charges and deferred income | 492/3 | €1,839 | €1,660 | -€179 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,052 | €6,338 | +€2,286 | +56.4% |
| Other operating charges | 640/8 | €1,781 | €1,199 | -€582 | -32.7% |
| Gross operating margin | 9900 | €17,977 | €10,199 | -€7,778 | -43.3% |
| Operating profit (loss) | 9901 | €12,144 | €2,662 | -€9,482 | -78.1% |
| Financial charges | 65/66B | €2,652 | €2,594 | -€58 | -2.2% |
| Recurring financial charges | 65 | €2,652 | €2,594 | -€58 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €9,492 | €68 | -€9,424 | -99.3% |
| Income taxes | 67/77 | €3,865 | €1,937 | -€1,928 | -49.9% |
| Profit (loss) for the period | 9904 | €5,627 | -€1,869 | -€7,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,627 | -€1,869 | -€7,496 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.