C.D.L.D.: 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.D.
Largest movements
- Cash +€41,577
up €41,577 (+197%), from €21,079 to €62,656
mainly Depreciation (+€103,454) and Net result for the year (+€66,243)
- Tangible fixed assets +€6,312
up €6,312 (+2.0%), from €321,954 to €328,266
of which Other tangible fixed assets: +€15,145
- Reserves +€60,000
up €60,000 (+30.0%), from €200,000 to €260,000
- Other debts -€16,469
down €16,469 (-83.5%), from €19,715 to €3,246
- Debts after one year -€7,988
down €7,988 (-10.2%), from €77,969 to €69,981
- Tax, wage and social debts +€7,974
up €7,974 (+39.4%), from €20,217 to €28,190
- Profit (loss) carried forward +€6,243
up €6,243 (+8.2%), from €75,830 to €82,074
- Depreciation +€27,839
up €27,839 (+36.8%), from €75,615 to €103,454
- Taxes -€7,366
down €7,366 (-20.9%), from €35,278 to €27,912
- Gross operating margin +€5,987
up €5,987 (+3.0%), from €198,637 to €204,624
- Other operating charges +€2,075
up €2,075 (+96.6%), from €2,149 to €4,224
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 | €404,428 | €458,503 | +€54,075 | +13.4% |
| Fixed assets | 21/28 | €321,954 | €328,266 | +€6,312 | +2.0% |
| Tangible fixed assets | 22/27 | €321,954 | €328,266 | +€6,312 | +2.0% |
| Land and buildings | 22 | €115,107 | €104,816 | -€10,291 | -8.9% |
| Plant, machinery and equipment | 23 | €177,665 | €184,985 | +€7,320 | +4.1% |
| Furniture and vehicles | 24 | €15,377 | €9,515 | -€5,862 | -38.1% |
| Other tangible fixed assets | 26 | €13,805 | €28,950 | +€15,145 | +110% |
| Current assets | 29/58 | €82,474 | €130,237 | +€47,763 | +57.9% |
| Amounts receivable within one year | 40/41 | €57,858 | €61,642 | +€3,784 | +6.5% |
| Trade receivables | 40 | €57,858 | €56,688 | -€1,170 | -2.0% |
| Other amounts receivable | 41 | - | €4,954 | +€4,954 | |
| Cash at bank and in hand | 54/58 | €21,079 | €62,656 | +€41,577 | +197% |
| Deferred charges and accrued income | 490/1 | €3,536 | €5,939 | +€2,402 | +67.9% |
| Total equity and liabilities | 10/49 | €404,428 | €458,503 | +€54,075 | +13.4% |
| Equity | 10/15 | €278,830 | €345,074 | +€66,243 | +23.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €260,000 | +€60,000 | +30.0% |
| Distributable reserves | 133 | €200,000 | €260,000 | +€60,000 | +30.0% |
| Profit (loss) carried forward | 14 | €75,830 | €82,074 | +€6,243 | +8.2% |
| Amounts payable | 17/49 | €125,598 | €113,430 | -€12,168 | -9.7% |
| Amounts payable after more than one year | 17 | €77,969 | €69,981 | -€7,988 | -10.2% |
| Financial debts | 170/4 | €77,969 | €69,981 | -€7,988 | -10.2% |
| Amounts payable within one year | 42/48 | €47,616 | €43,449 | -€4,168 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €7,684 | €7,988 | +€304 | +4.0% |
| Trade debts | 44 | - | €4,024 | +€4,024 | |
| Suppliers | 440/4 | - | €4,024 | +€4,024 | |
| Taxes, remuneration and social security | 45 | €20,217 | €28,190 | +€7,974 | +39.4% |
| Taxes | 450/3 | €20,217 | €28,190 | +€7,974 | +39.4% |
| Other amounts payable | 47/48 | €19,715 | €3,246 | -€16,469 | -83.5% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Non-recurring operating income | 76A | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,615 | €103,454 | +€27,839 | +36.8% |
| Other operating charges | 640/8 | €2,149 | €4,224 | +€2,075 | +96.6% |
| Gross operating margin | 9900 | €198,637 | €204,624 | +€5,987 | +3.0% |
| Operating profit (loss) | 9901 | €120,874 | €96,947 | -€23,927 | -19.8% |
| Financial income | 75/76B | €92 | €600 | +€508 | +553% |
| Recurring financial income | 75 | €92 | €600 | +€508 | +553% |
| Financial charges | 65/66B | €1,350 | €3,391 | +€2,041 | +151% |
| Recurring financial charges | 65 | €1,350 | €3,391 | +€2,041 | +151% |
| Profit (loss) for the period before taxes | 9903 | €119,616 | €94,156 | -€25,460 | -21.3% |
| Income taxes | 67/77 | €35,278 | €27,912 | -€7,366 | -20.9% |
| Profit (loss) for the period | 9904 | €84,338 | €66,243 | -€18,094 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,338 | €66,243 | -€18,094 | -21.5% |
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 15 October 2026 via checked.be.