C.D.L.: 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.L.
Largest movements
- Current investments +€104,726
up €104,726 (+524%), from €20,000 to €124,726
- Tangible fixed assets -€41,095
down €41,095 (-8.1%), from €508,095 to €467,000
of which Land and buildings: -€40,263
- Cash -€40,243
down €40,243 (-53.8%), from €74,795 to €34,552
mainly Current investments (-€104,726) and Debts after one year (-€31,192)
- Reserves +€56,469
up €56,469 (+11.0%), from €511,411 to €567,880
- Debts after one year -€31,192
down €31,192 (-92.3%), from €33,804 to €2,611
- Gross operating margin +€15,573
up €15,573 (+13.1%), from €119,041 to €134,614
- Taxes +€5,053
up €5,053 (+23.7%), from €21,337 to €26,390
- Financial income +€1,894
up €1,894 (+340%), from €557 to €2,451
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 | €615,014 | €640,132 | +€25,119 | +4.1% |
| Fixed assets | 21/28 | €508,095 | €467,000 | -€41,095 | -8.1% |
| Tangible fixed assets | 22/27 | €508,095 | €467,000 | -€41,095 | -8.1% |
| Land and buildings | 22 | €506,275 | €466,012 | -€40,263 | -8.0% |
| Furniture and vehicles | 24 | €1,821 | €989 | -€832 | -45.7% |
| Current assets | 29/58 | €106,919 | €173,132 | +€66,213 | +61.9% |
| Amounts receivable within one year | 40/41 | €10,285 | €10,964 | +€679 | +6.6% |
| Trade receivables | 40 | €10,285 | €10,285 | = | 0.0% |
| Other amounts receivable | 41 | - | €679 | +€679 | |
| Current investments | 50/53 | €20,000 | €124,726 | +€104,726 | +524% |
| Cash at bank and in hand | 54/58 | €74,795 | €34,552 | -€40,243 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,839 | €2,889 | +€1,050 | +57.1% |
| Total equity and liabilities | 10/49 | €615,014 | €640,132 | +€25,119 | +4.1% |
| Equity | 10/15 | €536,411 | €592,880 | +€56,469 | +10.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €511,411 | €567,880 | +€56,469 | +11.0% |
| Distributable reserves | 133 | €511,411 | €567,880 | +€56,469 | +11.0% |
| Amounts payable | 17/49 | €78,603 | €47,252 | -€31,351 | -39.9% |
| Amounts payable after more than one year | 17 | €33,804 | €2,611 | -€31,192 | -92.3% |
| Financial debts | 170/4 | €33,804 | €2,611 | -€31,192 | -92.3% |
| Amounts payable within one year | 42/48 | €44,800 | €44,641 | -€159 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €30,916 | €31,192 | +€276 | +0.9% |
| Trade debts | 44 | €4,863 | €1,905 | -€2,958 | -60.8% |
| Suppliers | 440/4 | €4,863 | €1,905 | -€2,958 | -60.8% |
| Taxes, remuneration and social security | 45 | €7,683 | €11,544 | +€3,861 | +50.3% |
| Taxes | 450/3 | €7,683 | €11,544 | +€3,861 | +50.3% |
| Other amounts payable | 47/48 | €1,338 | - | -€1,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,063 | €44,812 | -€251 | -0.6% |
| Other operating charges | 640/8 | €5,965 | €6,268 | +€303 | +5.1% |
| Gross operating margin | 9900 | €119,041 | €134,614 | +€15,573 | +13.1% |
| Operating profit (loss) | 9901 | €68,013 | €83,534 | +€15,521 | +22.8% |
| Financial income | 75/76B | €557 | €2,451 | +€1,894 | +340% |
| Recurring financial income | 75 | €557 | €2,451 | +€1,894 | +340% |
| Financial charges | 65/66B | €3,737 | €3,125 | -€612 | -16.4% |
| Recurring financial charges | 65 | €3,737 | €3,125 | -€612 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €64,833 | €82,859 | +€18,026 | +27.8% |
| Income taxes | 67/77 | €21,337 | €26,390 | +€5,053 | +23.7% |
| Profit (loss) for the period | 9904 | €43,496 | €56,469 | +€12,973 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,496 | €56,469 | +€12,973 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.