C.D.M.: 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.M.
Largest movements
- Cash +€163,957
up €163,957 (+464.8%), from €35,278 to €199,236
mainly Current investments (+€150,000) and Depreciation (+€101,391)
- Current investments -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Tangible fixed assets -€40,182
down €40,182 (-2.8%), from €1.4m to €1.4m
of which Land and buildings: -€95,773
- Profit (loss) carried forward -€19,440
down €19,440 (-1.4%), from €1.4m to €1.4m
- Gross operating margin +€15,020
up €15,020 (+21.4%), from €70,101 to €85,121
- Depreciation +€4,961
up €4,961 (+5.1%), from €96,430 to €101,391
- Financial income +€3,995
up €3,995 (+117.6%), from €3,396 to €7,392
- Other operating charges -€1,295
down €1,295 (-9.6%), from €13,439 to €12,145
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 | €1,736,803 | €1,713,656 | -€23,147 | -1.3% |
| Fixed assets | 21/28 | €1,442,363 | €1,402,181 | -€40,182 | -2.8% |
| Tangible fixed assets | 22/27 | €1,442,363 | €1,402,181 | -€40,182 | -2.8% |
| Land and buildings | 22 | €1,442,363 | €1,346,590 | -€95,773 | -6.6% |
| Furniture and vehicles | 24 | €0 | €55,591 | +€55,591 | |
| Current assets | 29/58 | €294,440 | €311,475 | +€17,035 | +5.8% |
| Amounts receivable within one year | 40/41 | €162 | €6,397 | +€6,234 | +3839.8% |
| Trade receivables | 40 | - | €297 | +€297 | |
| Other amounts receivable | 41 | €162 | €6,100 | +€5,938 | +3657.2% |
| Current investments | 50/53 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €35,278 | €199,236 | +€163,957 | +464.8% |
| Deferred charges and accrued income | 490/1 | €8,999 | €5,843 | -€3,157 | -35.1% |
| Total equity and liabilities | 10/49 | €1,736,803 | €1,713,656 | -€23,147 | -1.3% |
| Equity | 10/15 | €1,708,168 | €1,687,264 | -€20,904 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €318,388 | €316,924 | -€1,464 | -0.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,543 | €31,079 | -€1,464 | -4.5% |
| Distributable reserves | 133 | €283,986 | €283,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,383,580 | €1,364,140 | -€19,440 | -1.4% |
| Provisions and deferred taxes | 16 | €8,136 | €7,770 | -€366 | -4.5% |
| Deferred taxes | 168 | €8,136 | €7,770 | -€366 | -4.5% |
| Amounts payable | 17/49 | €20,499 | €18,622 | -€1,877 | -9.2% |
| Amounts payable within one year | 42/48 | €15,409 | €8,828 | -€6,581 | -42.7% |
| Trade debts | 44 | €8,651 | €1,744 | -€6,907 | -79.8% |
| Suppliers | 440/4 | €8,651 | €1,744 | -€6,907 | -79.8% |
| Taxes, remuneration and social security | 45 | €3,329 | €3,000 | -€329 | -9.9% |
| Taxes | 450/3 | €3,329 | €3,000 | -€329 | -9.9% |
| Other amounts payable | 47/48 | €3,429 | €4,084 | +€655 | +19.1% |
| Accrued charges and deferred income | 492/3 | €5,090 | €9,794 | +€4,704 | +92.4% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,430 | €101,391 | +€4,961 | +5.1% |
| Other operating charges | 640/8 | €13,439 | €12,145 | -€1,295 | -9.6% |
| Gross operating margin | 9900 | €70,101 | €85,121 | +€15,020 | +21.4% |
| Operating profit (loss) | 9901 | -€39,768 | -€28,414 | +€11,354 | +28.6% |
| Financial income | 75/76B | €3,396 | €7,392 | +€3,995 | +117.6% |
| Recurring financial income | 75 | €3,396 | €7,392 | +€3,995 | +117.6% |
| Financial charges | 65/66B | €302 | €150 | -€152 | -50.3% |
| Recurring financial charges | 65 | €302 | €150 | -€152 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,674 | -€21,173 | +€15,501 | +42.3% |
| Transfer from deferred taxes | 780 | €366 | €366 | = | 0.0% |
| Income taxes | 67/77 | - | €98 | +€98 | |
| Profit (loss) for the period | 9904 | -€36,308 | -€20,904 | +€15,404 | +42.4% |
| Transfer from tax-exempt reserves | 789 | €1,464 | €1,464 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,844 | -€19,440 | +€15,404 | +44.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.