C&DD: 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&DD
Largest movements
- Tangible fixed assets -€17,416
down €17,416 (-4.8%), from €361,229 to €343,813
of which Land and buildings: -€13,017
- Cash +€12,240
up €12,240 (+68.8%), from €17,784 to €30,024
mainly Depreciation (+€18,719) and Net result for the year (+€16,255)
- Deferred charges and accrued income -€7,652
down €7,652 (-79.7%), from €9,598 to €1,946
- Stocks and contracts -€4,150
down €4,150 (-100.0%), from €4,150 to €0
- Debts after one year -€30,496
down €30,496 (-15.3%), from €199,375 to €168,879
- Profit (loss) carried forward +€13,635
up €13,635, from -€13,635 to €0
- Gross operating margin +€30,388
up €30,388 (+131.6%), from €23,099 to €53,486
- Taxes +€2,224
up €2,224 (+834.6%), from €266 to €2,490
- Other operating charges -€1,260
down €1,260 (-28.9%), from €4,356 to €3,096
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 | €411,238 | €393,440 | -€17,799 | -4.3% |
| Fixed assets | 21/28 | €365,429 | €348,013 | -€17,416 | -4.8% |
| Tangible fixed assets | 22/27 | €361,229 | €343,813 | -€17,416 | -4.8% |
| Land and buildings | 22 | €330,611 | €317,594 | -€13,017 | -3.9% |
| Plant, machinery and equipment | 23 | €10,673 | €8,598 | -€2,075 | -19.4% |
| Furniture and vehicles | 24 | €19,944 | €17,621 | -€2,324 | -11.7% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €45,810 | €45,426 | -€383 | -0.8% |
| Stocks and contracts in progress | 3 | €4,150 | €0 | -€4,150 | -100.0% |
| Stocks | 30/36 | €4,150 | €0 | -€4,150 | -100.0% |
| Amounts receivable within one year | 40/41 | €14,278 | €13,456 | -€821 | -5.8% |
| Trade receivables | 40 | €14,278 | €13,456 | -€821 | -5.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,784 | €30,024 | +€12,240 | +68.8% |
| Deferred charges and accrued income | 490/1 | €9,598 | €1,946 | -€7,652 | -79.7% |
| Total equity and liabilities | 10/49 | €411,238 | €393,440 | -€17,799 | -4.3% |
| Equity | 10/15 | €104,848 | €121,103 | +€16,255 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,283 | €114,903 | +€2,619 | +2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €112,283 | €114,903 | +€2,619 | +2.3% |
| Profit (loss) carried forward | 14 | -€13,635 | €0 | +€13,635 | |
| Amounts payable | 17/49 | €306,390 | €272,337 | -€34,053 | -11.1% |
| Amounts payable after more than one year | 17 | €199,375 | €168,879 | -€30,496 | -15.3% |
| Financial debts | 170/4 | €199,375 | €168,879 | -€30,496 | -15.3% |
| Amounts payable within one year | 42/48 | €105,393 | €102,800 | -€2,592 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €29,564 | €30,496 | +€932 | +3.2% |
| Trade debts | 44 | €3,730 | €1,387 | -€2,343 | -62.8% |
| Suppliers | 440/4 | €3,730 | €1,387 | -€2,343 | -62.8% |
| Taxes, remuneration and social security | 45 | €9,906 | €12,812 | +€2,906 | +29.3% |
| Taxes | 450/3 | €8,041 | €10,947 | +€2,906 | +36.1% |
| Remuneration and social security | 454/9 | €1,865 | €1,865 | = | 0.0% |
| Other amounts payable | 47/48 | €62,193 | €58,106 | -€4,087 | -6.6% |
| Accrued charges and deferred income | 492/3 | €1,623 | €657 | -€965 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,168 | €18,719 | -€449 | -2.3% |
| Other operating charges | 640/8 | €4,356 | €3,096 | -€1,260 | -28.9% |
| Gross operating margin | 9900 | €23,099 | €53,486 | +€30,388 | +131.6% |
| Operating profit (loss) | 9901 | -€425 | €31,671 | +€32,097 | |
| Financial income | 75/76B | €77 | €171 | +€94 | +122.0% |
| Recurring financial income | 75 | €77 | €171 | +€94 | +122.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,394 | €13,098 | -€296 | -2.2% |
| Recurring financial charges | 65 | €13,394 | €13,098 | -€296 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,742 | €18,745 | +€32,486 | |
| Income taxes | 67/77 | €266 | €2,490 | +€2,224 | +834.6% |
| Profit (loss) for the period | 9904 | -€14,008 | €16,255 | +€30,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,008 | €16,255 | +€30,263 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.