C.D.P.O.: 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.P.O.
Largest movements
- Current investments +€35,000
up €35,000 (+233%), from €15,000 to €50,000
- Tangible fixed assets -€12,000
down €12,000 (-33.1%), from €36,295 to €24,295
- Cash -€10,151
down €10,151 (-35.4%), from €28,647 to €18,496
mainly Contributions, distributions and other (-€60,000) and Current investments (-€35,000)
- Deferred charges and accrued income -€2,417
down €2,417 (-31.2%), from €7,750 to €5,333
- Receivables within one year -€1,236
down €1,236 (-92.9%), from €1,331 to €95
of which Other amounts receivable: -€1,171
- Other debts +€59,880
up €59,880 (+5,168%), from €1,159 to €61,038
- Profit (loss) carried forward -€39,544
down €39,544 (-93.6%), from €42,261 to €2,717
- Debts after one year -€11,414
down €11,414 (-49.0%), from €23,276 to €11,861
- Gross operating margin +€14,763
up €14,763 (+55.0%), from €26,835 to €41,598
- Taxes +€2,411
up €2,411 (+54.7%), from €4,405 to €6,816
- Depreciation -€750
down €750 (-5.9%), from €12,750 to €12,000
- Financial income -€570
down €570 (-53.5%), from €1,065 to €495
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 | €89,023 | €98,220 | +€9,196 | +10.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €36,295 | €24,295 | -€12,000 | -33.1% |
| Tangible fixed assets | 22/27 | €36,295 | €24,295 | -€12,000 | -33.1% |
| Furniture and vehicles | 24 | €36,295 | €24,295 | -€12,000 | -33.1% |
| Current assets | 29/58 | €52,728 | €73,924 | +€21,196 | +40.2% |
| Amounts receivable within one year | 40/41 | €1,331 | €95 | -€1,236 | -92.9% |
| Trade receivables | 40 | €65 | €0 | -€65 | -100% |
| Other amounts receivable | 41 | €1,266 | €95 | -€1,171 | -92.5% |
| Current investments | 50/53 | €15,000 | €50,000 | +€35,000 | +233% |
| Cash at bank and in hand | 54/58 | €28,647 | €18,496 | -€10,151 | -35.4% |
| Deferred charges and accrued income | 490/1 | €7,750 | €5,333 | -€2,417 | -31.2% |
| Total equity and liabilities | 10/49 | €89,023 | €98,220 | +€9,196 | +10.3% |
| Equity | 10/15 | €47,261 | €7,717 | -€39,544 | -83.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,261 | €2,717 | -€39,544 | -93.6% |
| Amounts payable | 17/49 | €41,762 | €90,503 | +€48,741 | +117% |
| Amounts payable after more than one year | 17 | €23,276 | €11,861 | -€11,414 | -49.0% |
| Financial debts | 170/4 | €23,276 | €11,861 | -€11,414 | -49.0% |
| Amounts payable within one year | 42/48 | €18,242 | €78,421 | +€60,180 | +330% |
| Current portion of amounts payable after more than one year | 42 | €10,984 | €11,414 | +€430 | +3.9% |
| Trade debts | 44 | €1,899 | €1,769 | -€130 | -6.9% |
| Suppliers | 440/4 | €1,899 | €1,769 | -€130 | -6.9% |
| Taxes, remuneration and social security | 45 | €4,200 | €4,200 | = | 0.0% |
| Taxes | 450/3 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 47/48 | €1,159 | €61,038 | +€59,880 | +5,168% |
| Accrued charges and deferred income | 492/3 | €245 | €220 | -€25 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,750 | €12,000 | -€750 | -5.9% |
| Other operating charges | 640/8 | €1,209 | €1,148 | -€60 | -5.0% |
| Gross operating margin | 9900 | €26,835 | €41,598 | +€14,763 | +55.0% |
| Operating profit (loss) | 9901 | €12,876 | €28,450 | +€15,574 | +121% |
| Financial income | 75/76B | €1,065 | €495 | -€570 | -53.5% |
| Recurring financial income | 75 | €1,065 | €495 | -€570 | -53.5% |
| Financial charges | 65/66B | €1,790 | €1,673 | -€117 | -6.5% |
| Recurring financial charges | 65 | €1,790 | €1,673 | -€117 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €12,151 | €27,271 | +€15,121 | +124% |
| Income taxes | 67/77 | €4,405 | €6,816 | +€2,411 | +54.7% |
| Profit (loss) for the period | 9904 | €7,746 | €20,456 | +€12,709 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €7,746 | €20,456 | +€12,709 | +164% |
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.