C.D. Net: 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. Net
Largest movements
- Cash -€66,300
down €66,300 (-46.3%), from €143,200 to €76,899
mainly Receivables within one year (-€45,954) and Trade debts (-€14,967)
- Receivables within one year +€45,954
up €45,954 (+25.5%), from €180,059 to €226,013
of which Trade receivables: +€45,913
- Deferred charges and accrued income +€6,638
up €6,638 (+475.1%), from €1,397 to €8,035
- Tangible fixed assets -€6,454
down €6,454 (-24.6%), from €26,188 to €19,734
of which Leasing and similar rights: -€4,638
- Trade debts -€14,967
down €14,967 (-23.8%), from €63,001 to €48,034
- Reserves -€5,738
down €5,738 (-48.1%), from €11,938 to €6,200
of which Distributable reserves: -€5,738
- Debts after one year -€4,525
down €4,525 (-27.8%), from €16,249 to €11,724
- Staff costs +€218,217
up €218,217 (+14.1%), from €1.6m to €1.8m
- Gross operating margin +€192,341
up €192,341 (+12.1%), from €1.6m to €1.8m
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 | €377,450 | €356,087 | -€21,363 | -5.7% |
| Fixed assets | 21/28 | €30,674 | €24,061 | -€6,613 | -21.6% |
| Tangible fixed assets | 22/27 | €26,188 | €19,734 | -€6,454 | -24.6% |
| Furniture and vehicles | 24 | €6,089 | €4,274 | -€1,815 | -29.8% |
| Leasing and similar rights | 25 | €20,099 | €15,460 | -€4,638 | -23.1% |
| Financial fixed assets | 28 | €4,486 | €4,327 | -€160 | -3.6% |
| Current assets | 29/58 | €346,776 | €332,026 | -€14,750 | -4.3% |
| Stocks and contracts in progress | 3 | €22,120 | €21,078 | -€1,042 | -4.7% |
| Stocks | 30/36 | €22,120 | €21,078 | -€1,042 | -4.7% |
| Amounts receivable within one year | 40/41 | €180,059 | €226,013 | +€45,954 | +25.5% |
| Trade receivables | 40 | €180,059 | €225,972 | +€45,913 | +25.5% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €143,200 | €76,899 | -€66,300 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,397 | €8,035 | +€6,638 | +475.1% |
| Total equity and liabilities | 10/49 | €377,450 | €356,087 | -€21,363 | -5.7% |
| Equity | 10/15 | €73,938 | €66,841 | -€7,097 | -9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,938 | €6,200 | -€5,738 | -48.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,738 | - | -€5,738 | |
| Profit (loss) carried forward | 14 | - | -€1,359 | -€1,359 | |
| Amounts payable | 17/49 | €303,512 | €289,245 | -€14,267 | -4.7% |
| Amounts payable after more than one year | 17 | €16,249 | €11,724 | -€4,525 | -27.8% |
| Financial debts | 170/4 | €16,249 | €11,724 | -€4,525 | -27.8% |
| Amounts payable within one year | 42/48 | €287,263 | €277,521 | -€9,742 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €31,287 | €33,847 | +€2,560 | +8.2% |
| Trade debts | 44 | €63,001 | €48,034 | -€14,967 | -23.8% |
| Suppliers | 440/4 | €63,001 | €48,034 | -€14,967 | -23.8% |
| Advances received on contracts in progress | 46 | €800 | €1,571 | +€771 | +96.4% |
| Taxes, remuneration and social security | 45 | €192,175 | €194,070 | +€1,894 | +1.0% |
| Taxes | 450/3 | €19,266 | €51,033 | +€31,767 | +164.9% |
| Remuneration and social security | 454/9 | €172,909 | €143,037 | -€29,872 | -17.3% |
| Non-recurring operating income | 76A | - | €23 | +€23 | |
| Remuneration, social security and pensions | 62 | €1,552,673 | €1,770,890 | +€218,217 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,363 | €6,454 | +€1,091 | +20.3% |
| Other operating charges | 640/8 | €13,201 | €2,295 | -€10,905 | -82.6% |
| Gross operating margin | 9900 | €1,583,380 | €1,775,721 | +€192,341 | +12.1% |
| Operating profit (loss) | 9901 | €12,144 | -€3,918 | -€16,062 | |
| Financial income | 75/76B | €502 | €657 | +€155 | +30.9% |
| Recurring financial income | 75 | €502 | €657 | +€155 | +30.9% |
| Financial charges | 65/66B | €4,584 | €3,809 | -€775 | -16.9% |
| Recurring financial charges | 65 | €4,584 | €3,809 | -€775 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €8,062 | -€7,070 | -€15,132 | |
| Income taxes | 67/77 | €2,324 | €27 | -€2,297 | -98.8% |
| Profit (loss) for the period | 9904 | €5,738 | -€7,097 | -€12,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,738 | -€7,097 | -€12,835 |
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 12 October 2026 via checked.be.