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 +€16,729
up €16,729 (+51.0%), from €32,830 to €49,559
- Tangible fixed assets -€8,324
down €8,324 (-27.1%), from €30,730 to €22,406
- Cash -€7,352
down €7,352 (-37.5%), from €19,628 to €12,276
mainly Other debts (-€33,154) and Receivables within one year (-€16,729)
- Stocks and contracts -€3,503
no longer reported in 2025 (was €3,503)
- Profit (loss) carried forward +€36,033
up €36,033 (+19.0%), from -€189,817 to -€153,783
- Other debts -€33,154
down €33,154 (-39.1%), from €84,768 to €51,614
- Debts after one year -€4,662
no longer reported in 2025 (was €4,662)
- Trade debts -€1,501
down €1,501 (-15.5%), from €9,708 to €8,206
- Tax, wage and social debts +€1,167
up €1,167 (+43.9%), from €2,656 to €3,824
- Gross operating margin +€9,740
up €9,740 (+27.0%), from €36,138 to €45,878
- Depreciation +€3,141
up €3,141 (+60.6%), from €5,184 to €8,324
- Other operating charges -€754
down €754 (-56.1%), from €1,345 to €591
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 | €88,357 | €85,486 | -€2,871 | -3.2% |
| Fixed assets | 21/28 | €30,730 | €22,406 | -€8,324 | -27.1% |
| Tangible fixed assets | 22/27 | €30,730 | €22,406 | -€8,324 | -27.1% |
| Furniture and vehicles | 24 | €30,730 | €22,406 | -€8,324 | -27.1% |
| Current assets | 29/58 | €57,627 | €63,080 | +€5,454 | +9.5% |
| Stocks and contracts in progress | 3 | €3,503 | - | -€3,503 | |
| Stocks | 30/36 | €3,503 | - | -€3,503 | |
| Amounts receivable within one year | 40/41 | €32,830 | €49,559 | +€16,729 | +51.0% |
| Trade receivables | 40 | €32,830 | €49,559 | +€16,729 | +51.0% |
| Cash at bank and in hand | 54/58 | €19,628 | €12,276 | -€7,352 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,666 | €1,246 | -€420 | -25.2% |
| Total equity and liabilities | 10/49 | €88,357 | €85,486 | -€2,871 | -3.2% |
| Equity | 10/15 | -€18,867 | €17,166 | +€36,033 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €145,950 | €145,950 | = | 0.0% |
| Distributable reserves | 133 | €145,950 | €145,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,817 | -€153,783 | +€36,033 | +19.0% |
| Amounts payable | 17/49 | €107,224 | €68,320 | -€38,904 | -36.3% |
| Amounts payable after more than one year | 17 | €4,662 | - | -€4,662 | |
| Financial debts | 170/4 | €4,662 | - | -€4,662 | |
| Amounts payable within one year | 42/48 | €102,562 | €68,320 | -€34,242 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €5,429 | €4,676 | -€753 | -13.9% |
| Trade debts | 44 | €9,708 | €8,206 | -€1,501 | -15.5% |
| Suppliers | 440/4 | €9,708 | €8,206 | -€1,501 | -15.5% |
| Taxes, remuneration and social security | 45 | €2,656 | €3,824 | +€1,167 | +43.9% |
| Taxes | 450/3 | €2,656 | €3,824 | +€1,167 | +43.9% |
| Other amounts payable | 47/48 | €84,768 | €51,614 | -€33,154 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,184 | €8,324 | +€3,141 | +60.6% |
| Other operating charges | 640/8 | €1,345 | €591 | -€754 | -56.1% |
| Gross operating margin | 9900 | €36,138 | €45,878 | +€9,740 | +27.0% |
| Operating profit (loss) | 9901 | €29,609 | €36,962 | +€7,353 | +24.8% |
| Financial income | 75/76B | €11 | €17 | +€6 | +54.5% |
| Recurring financial income | 75 | €11 | €17 | +€6 | +54.5% |
| Financial charges | 65/66B | €1,083 | €802 | -€281 | -25.9% |
| Recurring financial charges | 65 | €1,083 | €802 | -€281 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €28,537 | €36,177 | +€7,640 | +26.8% |
| Income taxes | 67/77 | €157 | €144 | -€13 | -8.2% |
| Profit (loss) for the period | 9904 | €28,380 | €36,033 | +€7,653 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,380 | €36,033 | +€7,653 | +27.0% |
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 26 October 2026 via checked.be.