C.D.M.: 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.M.
Largest movements
- Receivables within one year -€179,522
down €179,522 (-41.0%), from €437,976 to €258,454
of which Other amounts receivable: -€188,912
- Trade debts -€129,858
down €129,858 (-97.2%), from €133,558 to €3,701
- Other debts -€39,053
down €39,053 (-34.7%), from €112,634 to €73,581
- Short-term financial debts -€29,250
down €29,250 (-58.7%), from €49,800 to €20,550
- Profit (loss) carried forward +€16,240
up €16,240 (+22.2%), from €73,186 to €89,426
- Debts after one year -€6,724
down €6,724 (-59.1%), from €11,368 to €4,644
- Gross operating margin +€7,513
up €7,513 (+74.1%), from €10,141 to €17,653
- Financial income -€5,828
down €5,828 (-32.0%), from €18,215 to €12,387
- Other operating charges -€2,541
down €2,541 (-75.4%), from €3,372 to €831
- Taxes +€1,121
up €1,121 (+23.7%), from €4,728 to €5,849
- Financial charges -€1,064
down €1,064 (-16.4%), from €6,489 to €5,424
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 | €496,558 | €311,067 | -€185,491 | -37.4% |
| Fixed assets | 21/28 | €53,195 | €51,499 | -€1,696 | -3.2% |
| Tangible fixed assets | 22/27 | €52,359 | €50,663 | -€1,696 | -3.2% |
| Land and buildings | 22 | €52,300 | €50,634 | -€1,667 | -3.2% |
| Furniture and vehicles | 24 | €59 | €30 | -€30 | -50.0% |
| Financial fixed assets | 28 | €836 | €836 | = | 0.0% |
| Current assets | 29/58 | €443,363 | €259,568 | -€183,795 | -41.5% |
| Stocks and contracts in progress | 3 | €3,101 | - | -€3,101 | |
| Stocks | 30/36 | €3,101 | - | -€3,101 | |
| Amounts receivable within one year | 40/41 | €437,976 | €258,454 | -€179,522 | -41.0% |
| Trade receivables | 40 | €26,743 | €36,133 | +€9,390 | +35.1% |
| Other amounts receivable | 41 | €411,233 | €222,321 | -€188,912 | -45.9% |
| Cash at bank and in hand | 54/58 | €2,061 | €925 | -€1,136 | -55.1% |
| Deferred charges and accrued income | 490/1 | €226 | €189 | -€37 | -16.3% |
| Total equity and liabilities | 10/49 | €496,558 | €311,067 | -€185,491 | -37.4% |
| Equity | 10/15 | €151,356 | €167,597 | +€16,240 | +10.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €16,197 | €16,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,186 | €89,426 | +€16,240 | +22.2% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €315,202 | €113,470 | -€201,732 | -64.0% |
| Amounts payable after more than one year | 17 | €11,368 | €4,644 | -€6,724 | -59.1% |
| Financial debts | 170/4 | €11,368 | €4,644 | -€6,724 | -59.1% |
| Amounts payable within one year | 42/48 | €303,834 | €108,826 | -€195,007 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €6,445 | €6,092 | -€353 | -5.5% |
| Financial debts | 43 | €49,800 | €20,550 | -€29,250 | -58.7% |
| Credit institutions | 430/8 | €49,800 | €20,550 | -€29,250 | -58.7% |
| Trade debts | 44 | €133,558 | €3,701 | -€129,858 | -97.2% |
| Suppliers | 440/4 | €133,558 | €3,701 | -€129,858 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,397 | €4,903 | +€3,506 | +251% |
| Taxes | 450/3 | €1,397 | €4,903 | +€3,506 | +251% |
| Other amounts payable | 47/48 | €112,634 | €73,581 | -€39,053 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,696 | €1,696 | = | 0.0% |
| Other operating charges | 640/8 | €3,372 | €831 | -€2,541 | -75.4% |
| Gross operating margin | 9900 | €10,141 | €17,653 | +€7,513 | +74.1% |
| Operating profit (loss) | 9901 | €5,072 | €15,126 | +€10,054 | +198% |
| Financial income | 75/76B | €18,215 | €12,387 | -€5,828 | -32.0% |
| Recurring financial income | 75 | €18,215 | €12,387 | -€5,828 | -32.0% |
| Financial charges | 65/66B | €6,489 | €5,424 | -€1,064 | -16.4% |
| Recurring financial charges | 65 | €6,489 | €5,424 | -€1,064 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €16,799 | €22,089 | +€5,290 | +31.5% |
| Income taxes | 67/77 | €4,728 | €5,849 | +€1,121 | +23.7% |
| Profit (loss) for the period | 9904 | €12,071 | €16,240 | +€4,170 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,071 | €16,240 | +€4,170 | +34.5% |
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 21 October 2026 via checked.be.