CD²: 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.
CD²
Largest movements
- Receivables within one year -€702
down €702 (-40.2%), from €1,745 to €1,043
- Tangible fixed assets -€262
down €262 (-81.4%), from €322 to €60
- Cash +€262
up €262 (+1,747%), from €15 to €277
mainly Tax, wage and social debts (+€2,200) and Other debts (+€2,115)
- Trade debts -€3,274
down €3,274 (-48.3%), from €6,772 to €3,498
- Tax, wage and social debts +€2,200
up €2,200 (+66.7%), from €3,300 to €5,500
of which Taxes: +€1,586
- Other debts +€2,115
up €2,115 (+141%), from €1,505 to €3,620
- Profit (loss) carried forward -€1,743
down €1,743 (-13.9%), from -€12,495 to -€14,238
- Turnover +€44,449
new in 2025: €44,449
- Purchases and services +€21,549
new in 2025: €21,549
- Staff costs +€2,796
up €2,796 (+13.5%), from €20,640 to €23,436
- Gross operating margin +€2,229
up €2,229 (+10.7%), from €20,788 to €23,017
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 | €2,082 | €1,380 | -€702 | -33.7% |
| Fixed assets | 21/28 | €322 | €60 | -€262 | -81.4% |
| Tangible fixed assets | 22/27 | €322 | €60 | -€262 | -81.4% |
| Plant, machinery and equipment | 23 | €322 | €60 | -€262 | -81.4% |
| Current assets | 29/58 | €1,760 | €1,320 | -€440 | -25.0% |
| Amounts receivable within one year | 40/41 | €1,745 | €1,043 | -€702 | -40.2% |
| Trade receivables | 40 | €1,745 | €1,043 | -€702 | -40.2% |
| Cash at bank and in hand | 54/58 | €15 | €277 | +€262 | +1,747% |
| Total equity and liabilities | 10/49 | €2,082 | €1,380 | -€702 | -33.7% |
| Equity | 10/15 | -€9,495 | -€11,238 | -€1,743 | -18.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,495 | -€14,238 | -€1,743 | -13.9% |
| Amounts payable | 17/49 | €11,577 | €12,618 | +€1,041 | +9.0% |
| Amounts payable within one year | 42/48 | €11,577 | €12,618 | +€1,041 | +9.0% |
| Trade debts | 44 | €6,772 | €3,498 | -€3,274 | -48.3% |
| Suppliers | 440/4 | €6,772 | €3,498 | -€3,274 | -48.3% |
| Taxes, remuneration and social security | 45 | €3,300 | €5,500 | +€2,200 | +66.7% |
| Taxes | 450/3 | €419 | €2,005 | +€1,586 | +379% |
| Remuneration and social security | 454/9 | €2,881 | €3,495 | +€614 | +21.3% |
| Other amounts payable | 47/48 | €1,505 | €3,620 | +€2,115 | +141% |
| Turnover | 70 | - | €44,449 | +€44,449 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €21,549 | +€21,549 | |
| Remuneration, social security and pensions | 62 | €20,640 | €23,436 | +€2,796 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €262 | -€1 | -0.4% |
| Other operating charges | 640/8 | €44 | €99 | +€55 | +125% |
| Gross operating margin | 9900 | €20,788 | €23,017 | +€2,229 | +10.7% |
| Operating profit (loss) | 9901 | -€159 | -€780 | -€621 | -391% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €358 | €288 | -€70 | -19.6% |
| Recurring financial charges | 65 | €358 | €288 | -€70 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€517 | -€993 | -€476 | -92.1% |
| Income taxes | 67/77 | €902 | €750 | -€152 | -16.9% |
| Profit (loss) for the period | 9904 | -€1,419 | -€1,743 | -€324 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,419 | -€1,743 | -€324 | -22.8% |
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 25 October 2026 via checked.be.