C.D.B.: 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.
C.D.B.
Largest movements
- Tangible fixed assets +€32,596
up €32,596 (+83.9%), from €38,835 to €71,431
of which Furniture and vehicles: +€31,496
- Current investments -€23,324
no longer reported in 2025 (was €23,324)
- Cash +€16,068
up €16,068 (+115.0%), from €13,969 to €30,037
mainly Net result for the year (+€40,158) and Current investments (+€23,324)
- Reserves +€12,991
up €12,991 (+23.9%), from €54,438 to €67,429
- Other debts +€10,312
up €10,312 (+269.5%), from €3,827 to €14,139
- Tax, wage and social debts +€3,072
up €3,072 (+50.9%), from €6,030 to €9,103
- Current portion of long-term debt -€1,365
no longer reported in 2025 (was €1,365)
- Gross operating margin +€38,477
up €38,477 (+129.5%), from €29,713 to €68,190
- Taxes +€3,829
up €3,829 (+581.0%), from €659 to €4,488
- Depreciation -€3,313
down €3,313 (-15.0%), from €22,112 to €18,799
- Other operating charges -€2,847
down €2,847 (-33.0%), from €8,626 to €5,779
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 | €85,130 | €109,570 | +€24,440 | +28.7% |
| Fixed assets | 21/28 | €38,840 | €71,431 | +€32,591 | +83.9% |
| Tangible fixed assets | 22/27 | €38,835 | €71,431 | +€32,596 | +83.9% |
| Plant, machinery and equipment | 23 | €3,013 | €4,113 | +€1,100 | +36.5% |
| Furniture and vehicles | 24 | €35,822 | €67,318 | +€31,496 | +87.9% |
| Financial fixed assets | 28 | €5 | - | -€5 | |
| Current assets | 29/58 | €46,289 | €38,138 | -€8,151 | -17.6% |
| Amounts receivable within one year | 40/41 | €8,997 | €8,102 | -€895 | -9.9% |
| Trade receivables | 40 | €8,656 | €7,761 | -€895 | -10.3% |
| Other amounts receivable | 41 | €341 | €341 | = | 0.0% |
| Current investments | 50/53 | €23,324 | - | -€23,324 | |
| Cash at bank and in hand | 54/58 | €13,969 | €30,037 | +€16,068 | +115.0% |
| Total equity and liabilities | 10/49 | €85,130 | €109,570 | +€24,440 | +28.7% |
| Equity | 10/15 | €73,038 | €86,029 | +€12,991 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,438 | €67,429 | +€12,991 | +23.9% |
| Distributable reserves | 133 | €54,438 | €67,429 | +€12,991 | +23.9% |
| Amounts payable | 17/49 | €12,091 | €23,540 | +€11,449 | +94.7% |
| Amounts payable within one year | 42/48 | €12,091 | €23,540 | +€11,449 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €1,365 | - | -€1,365 | |
| Trade debts | 44 | €869 | €299 | -€571 | -65.6% |
| Suppliers | 440/4 | €869 | €299 | -€571 | -65.6% |
| Taxes, remuneration and social security | 45 | €6,030 | €9,103 | +€3,072 | +50.9% |
| Taxes | 450/3 | €6,030 | €9,103 | +€3,072 | +50.9% |
| Other amounts payable | 47/48 | €3,827 | €14,139 | +€10,312 | +269.5% |
| Non-recurring operating income | 76A | - | €24,244 | +€24,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,112 | €18,799 | -€3,313 | -15.0% |
| Other operating charges | 640/8 | €8,626 | €5,779 | -€2,847 | -33.0% |
| Non-recurring operating charges | 66A | - | €155 | +€155 | |
| Gross operating margin | 9900 | €29,713 | €68,190 | +€38,477 | +129.5% |
| Operating profit (loss) | 9901 | -€1,025 | €43,457 | +€44,482 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | -€668 | -€1,185 | -€516 | -77.3% |
| Recurring financial charges | 65 | -€668 | -€1,185 | -€516 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | -€357 | €44,647 | +€45,003 | |
| Income taxes | 67/77 | €659 | €4,488 | +€3,829 | +581.0% |
| Profit (loss) for the period | 9904 | -€1,016 | €40,158 | +€41,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,016 | €40,158 | +€41,174 |
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.