C&D ESTATE: 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 ESTATE
Largest movements
- Cash +€21,781
up €21,781 (+70.3%), from €30,985 to €52,766
mainly Net result for the year (+€20,617) and Depreciation (+€4,880)
- Tangible fixed assets -€2,429
down €2,429 (-4.3%), from €56,864 to €54,435
of which Plant, machinery and equipment: -€2,315
- Reserves +€20,000
up €20,000 (+28.3%), from €70,708 to €90,708
of which Distributable reserves: +€20,000
- Debts after one year -€3,272
down €3,272 (-28.2%), from €11,613 to €8,341
- Depreciation -€2,177
down €2,177 (-30.8%), from €7,057 to €4,880
- Gross operating margin +€1,688
up €1,688 (+4.5%), from €37,824 to €39,512
- Taxes +€880
up €880 (+14.9%), from €5,910 to €6,791
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 | €101,622 | €120,974 | +€19,352 | +19.0% |
| Fixed assets | 21/28 | €56,864 | €54,435 | -€2,429 | -4.3% |
| Tangible fixed assets | 22/27 | €56,864 | €54,435 | -€2,429 | -4.3% |
| Land and buildings | 22 | €35,809 | €35,696 | -€114 | -0.3% |
| Plant, machinery and equipment | 23 | €21,055 | €18,740 | -€2,315 | -11.0% |
| Current assets | 29/58 | €44,758 | €66,538 | +€21,781 | +48.7% |
| Amounts receivable within one year | 40/41 | €13,773 | €13,773 | = | 0.0% |
| Trade receivables | 40 | €13,186 | €13,186 | = | 0.0% |
| Other amounts receivable | 41 | €586 | €586 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,985 | €52,766 | +€21,781 | +70.3% |
| Total equity and liabilities | 10/49 | €101,622 | €120,974 | +€19,352 | +19.0% |
| Equity | 10/15 | €82,792 | €103,410 | +€20,617 | +24.9% |
| Contributions | 10/11 | €11,893 | €11,893 | = | 0.0% |
| Reserves | 13 | €70,708 | €90,708 | +€20,000 | +28.3% |
| Non-distributable reserves | 130/1 | €1,199 | €1,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,199 | €1,199 | = | 0.0% |
| Distributable reserves | 133 | €69,509 | €89,509 | +€20,000 | +28.8% |
| Profit (loss) carried forward | 14 | €191 | €809 | +€617 | +323% |
| Amounts payable | 17/49 | €18,830 | €17,564 | -€1,266 | -6.7% |
| Amounts payable after more than one year | 17 | €11,613 | €8,341 | -€3,272 | -28.2% |
| Financial debts | 170/4 | €11,613 | €8,341 | -€3,272 | -28.2% |
| Amounts payable within one year | 42/48 | €7,216 | €9,223 | +€2,007 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €3,040 | €3,272 | +€232 | +7.6% |
| Trade debts | 44 | €1,144 | €2,128 | +€984 | +86.0% |
| Suppliers | 440/4 | €1,144 | €2,128 | +€984 | +86.0% |
| Taxes, remuneration and social security | 45 | €1,764 | €2,555 | +€791 | +44.8% |
| Taxes | 450/3 | €1,764 | €2,555 | +€791 | +44.8% |
| Other amounts payable | 47/48 | €1,268 | €1,268 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,057 | €4,880 | -€2,177 | -30.8% |
| Other operating charges | 640/8 | €6,709 | €6,896 | +€187 | +2.8% |
| Gross operating margin | 9900 | €37,824 | €39,512 | +€1,688 | +4.5% |
| Operating profit (loss) | 9901 | €24,058 | €27,736 | +€3,678 | +15.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €378 | €328 | -€50 | -13.3% |
| Recurring financial charges | 65 | €378 | €328 | -€50 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €23,680 | €27,408 | +€3,728 | +15.7% |
| Income taxes | 67/77 | €5,910 | €6,791 | +€880 | +14.9% |
| Profit (loss) for the period | 9904 | €17,770 | €20,617 | +€2,848 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,770 | €20,617 | +€2,848 | +16.0% |
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 23 October 2026 via checked.be.