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 +€29,544
up €29,544 (+36.6%), from €80,705 to €110,249
of which Trade receivables: +€19,544
- Intangible fixed assets -€26,600
down €26,600 (-29.9%), from €88,917 to €62,317
- Tangible fixed assets +€12,274
up €12,274 (+246%), from €4,992 to €17,266
of which Plant, machinery and equipment: +€13,521
- Profit (loss) carried forward +€34,520
up €34,520 (+46.1%), from €74,857 to €109,377
- Debts after one year -€19,500
no longer reported in 2025 (was €19,500)
- Provisions +€15,000
new in 2025: €15,000
- Trade debts -€12,758
down €12,758 (-57.4%), from €22,231 to €9,473
- Other debts -€3,641
down €3,641 (-97.2%), from €3,745 to €104
- Gross operating margin +€25,889
up €25,889 (+17.1%), from €151,115 to €177,004
- Provisions +€15,000
new in 2025: €15,000
- Staff costs -€6,613
down €6,613 (-8.3%), from €80,019 to €73,406
- Taxes +€5,245
up €5,245 (+50.7%), from €10,335 to €15,580
- Depreciation +€4,775
up €4,775 (+19.4%), from €24,551 to €29,326
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 | €188,450 | €205,498 | +€17,048 | +9.0% |
| Fixed assets | 21/28 | €93,909 | €79,583 | -€14,326 | -15.3% |
| Intangible fixed assets | 21 | €88,917 | €62,317 | -€26,600 | -29.9% |
| Tangible fixed assets | 22/27 | €4,992 | €17,266 | +€12,274 | +246% |
| Plant, machinery and equipment | 23 | €1,868 | €15,389 | +€13,521 | +724% |
| Furniture and vehicles | 24 | €3,124 | €1,877 | -€1,247 | -39.9% |
| Current assets | 29/58 | €94,541 | €125,915 | +€31,374 | +33.2% |
| Amounts receivable within one year | 40/41 | €80,705 | €110,249 | +€29,544 | +36.6% |
| Trade receivables | 40 | €80,705 | €100,249 | +€19,544 | +24.2% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €13,836 | €15,666 | +€1,830 | +13.2% |
| Total equity and liabilities | 10/49 | €188,450 | €205,498 | +€17,048 | +9.0% |
| Equity | 10/15 | €94,280 | €128,800 | +€34,520 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €823 | €823 | = | 0.0% |
| Non-distributable reserves | 130/1 | €823 | €823 | = | 0.0% |
| Legal reserve | 130 | €823 | €823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,857 | €109,377 | +€34,520 | +46.1% |
| Provisions and deferred taxes | 16 | - | €15,000 | +€15,000 | |
| Provisions for liabilities and charges | 160/5 | - | €15,000 | +€15,000 | |
| Other liabilities and charges | 164/5 | - | €15,000 | +€15,000 | |
| Amounts payable | 17/49 | €94,170 | €61,698 | -€32,472 | -34.5% |
| Amounts payable after more than one year | 17 | €19,500 | - | -€19,500 | |
| Trade debts | 175 | €19,500 | - | -€19,500 | |
| Amounts payable within one year | 42/48 | €74,670 | €61,698 | -€12,972 | -17.4% |
| Trade debts | 44 | €22,231 | €9,473 | -€12,758 | -57.4% |
| Suppliers | 440/4 | €22,231 | €9,473 | -€12,758 | -57.4% |
| Taxes, remuneration and social security | 45 | €48,694 | €52,121 | +€3,427 | +7.0% |
| Taxes | 450/3 | €29,160 | €40,851 | +€11,691 | +40.1% |
| Remuneration and social security | 454/9 | €19,534 | €11,270 | -€8,264 | -42.3% |
| Other amounts payable | 47/48 | €3,745 | €104 | -€3,641 | -97.2% |
| Remuneration, social security and pensions | 62 | €80,019 | €73,406 | -€6,613 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,551 | €29,326 | +€4,775 | +19.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €6,805 | €3,069 | -€3,736 | -54.9% |
| Non-recurring operating charges | 66A | €2,626 | €5,034 | +€2,408 | +91.7% |
| Gross operating margin | 9900 | €151,115 | €177,004 | +€25,889 | +17.1% |
| Operating profit (loss) | 9901 | €37,114 | €51,169 | +€14,055 | +37.9% |
| Financial income | 75/76B | €16 | €1 | -€15 | -93.8% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -93.8% |
| Financial charges | 65/66B | €1,527 | €1,070 | -€457 | -29.9% |
| Recurring financial charges | 65 | €1,527 | €1,070 | -€457 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €35,603 | €50,100 | +€14,497 | +40.7% |
| Income taxes | 67/77 | €10,335 | €15,580 | +€5,245 | +50.7% |
| Profit (loss) for the period | 9904 | €25,268 | €34,520 | +€9,252 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,268 | €34,520 | +€9,252 | +36.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.