C&DV: 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&DV
Largest movements
- Tangible fixed assets +€99,025
up €99,025 (+2,309%), from €4,289 to €103,314
of which Plant, machinery and equipment: +€99,562
- Cash +€62,476
up €62,476 (+154%), from €40,515 to €102,992
mainly Trade debts (+€128,065) and Net result for the year (+€64,051)
- Deferred charges and accrued income -€3,532
down €3,532 (-59.3%), from €5,961 to €2,429
- Trade debts +€128,065
up €128,065 (+14,554%), from €880 to €128,945
- Reserves +€64,051
up €64,051 (+516%), from €12,424 to €76,475
- Other debts -€44,427
down €44,427 (-99.7%), from €44,542 to €115
- Tax, wage and social debts +€9,045
up €9,045 (+115%), from €7,856 to €16,901
of which Remuneration and social security: +€16,501
- Short-term financial debts +€2,493
up €2,493 (+42.2%), from €5,912 to €8,405
- Gross operating margin +€267,082
up €267,082 (+372%), from €71,727 to €338,809
- Staff costs +€238,526
new in 2025: €238,526
- Taxes +€9,722
up €9,722 (+50.3%), from €19,311 to €29,032
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 | €75,363 | €234,591 | +€159,228 | +211% |
| Fixed assets | 21/28 | €4,289 | €103,314 | +€99,025 | +2,309% |
| Tangible fixed assets | 22/27 | €4,289 | €103,314 | +€99,025 | +2,309% |
| Plant, machinery and equipment | 23 | €1,550 | €101,112 | +€99,562 | +6,422% |
| Furniture and vehicles | 24 | €2,275 | €2,038 | -€237 | -10.4% |
| Other tangible fixed assets | 26 | €464 | €164 | -€300 | -64.7% |
| Current assets | 29/58 | €71,074 | €131,277 | +€60,203 | +84.7% |
| Amounts receivable within one year | 40/41 | €24,597 | €25,856 | +€1,259 | +5.1% |
| Trade receivables | 40 | €24,408 | €23,782 | -€626 | -2.6% |
| Other amounts receivable | 41 | €189 | €2,074 | +€1,885 | +997% |
| Cash at bank and in hand | 54/58 | €40,515 | €102,992 | +€62,476 | +154% |
| Deferred charges and accrued income | 490/1 | €5,961 | €2,429 | -€3,532 | -59.3% |
| Total equity and liabilities | 10/49 | €75,363 | €234,591 | +€159,228 | +211% |
| Equity | 10/15 | €16,174 | €80,225 | +€64,051 | +396% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Reserves | 13 | €12,424 | €76,475 | +€64,051 | +516% |
| Distributable reserves | 133 | €12,424 | €76,475 | +€64,051 | +516% |
| Amounts payable | 17/49 | €59,189 | €154,366 | +€95,177 | +161% |
| Amounts payable within one year | 42/48 | €59,189 | €154,366 | +€95,177 | +161% |
| Financial debts | 43 | €5,912 | €8,405 | +€2,493 | +42.2% |
| Credit institutions | 430/8 | €5,912 | €8,405 | +€2,493 | +42.2% |
| Trade debts | 44 | €880 | €128,945 | +€128,065 | +14,554% |
| Suppliers | 440/4 | €880 | €128,945 | +€128,065 | +14,554% |
| Taxes, remuneration and social security | 45 | €7,856 | €16,901 | +€9,045 | +115% |
| Taxes | 450/3 | €7,856 | €400 | -€7,456 | -94.9% |
| Remuneration and social security | 454/9 | - | €16,501 | +€16,501 | |
| Other amounts payable | 47/48 | €44,542 | €115 | -€44,427 | -99.7% |
| Remuneration, social security and pensions | 62 | - | €238,526 | +€238,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €975 | +€214 | +28.0% |
| Other operating charges | 640/8 | €938 | €1,221 | +€283 | +30.1% |
| Gross operating margin | 9900 | €71,727 | €338,809 | +€267,082 | +372% |
| Operating profit (loss) | 9901 | €70,027 | €98,087 | +€28,060 | +40.1% |
| Financial income | 75/76B | €16 | €17 | +€0 | +3.0% |
| Recurring financial income | 75 | €16 | €17 | +€0 | +3.0% |
| Financial charges | 65/66B | €2,309 | €5,020 | +€2,711 | +117% |
| Recurring financial charges | 65 | €2,309 | €5,020 | +€2,711 | +117% |
| Profit (loss) for the period before taxes | 9903 | €67,734 | €93,084 | +€25,350 | +37.4% |
| Income taxes | 67/77 | €19,311 | €29,032 | +€9,722 | +50.3% |
| Profit (loss) for the period | 9904 | €48,424 | €64,051 | +€15,628 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,424 | €64,051 | +€15,628 | +32.3% |
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 13 October 2026 via checked.be.