CD Advisory: 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.
CD Advisory
Largest movements
- Receivables within one year +€45,490
up €45,490 (+137%), from €33,223 to €78,713
of which Trade receivables: +€24,303
- Tangible fixed assets -€38,841
down €38,841 (-89.4%), from €43,444 to €4,603
- Cash -€5,952
down €5,952 (-9.3%), from €63,868 to €57,916
mainly Contributions, distributions and other (-€71,000) and Receivables within one year (-€45,490)
- Deferred charges and accrued income +€3,750
new in 2025: €3,750
- Profit (loss) carried forward -€44,247
down €44,247 (-98.0%), from €45,134 to €887
- Accrued charges and deferred income +€37,000
up €37,000 (+109%), from €34,000 to €71,000
- Tax, wage and social debts +€11,374
up €11,374 (+68.7%), from €16,568 to €27,942
- Gross operating margin -€2,906
down €2,906 (-6.5%), from €44,789 to €41,883
- Other operating charges +€2,679
up €2,679 (+1,683%), from €159 to €2,838
- Taxes +€1,796
up €1,796 (+20.1%), from €8,946 to €10,742
- Financial charges +€969
up €969 (+357%), from €272 to €1,241
- Financial income +€611
up €611 (+48.5%), from €1,260 to €1,871
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 | €140,535 | €144,982 | +€4,447 | +3.2% |
| Fixed assets | 21/28 | €43,444 | €4,603 | -€38,841 | -89.4% |
| Tangible fixed assets | 22/27 | €43,444 | €4,603 | -€38,841 | -89.4% |
| Furniture and vehicles | 24 | €43,444 | €4,603 | -€38,841 | -89.4% |
| Current assets | 29/58 | €97,091 | €140,379 | +€43,288 | +44.6% |
| Amounts receivable within one year | 40/41 | €33,223 | €78,713 | +€45,490 | +137% |
| Trade receivables | 40 | €14,447 | €38,750 | +€24,303 | +168% |
| Other amounts receivable | 41 | €18,776 | €39,963 | +€21,187 | +113% |
| Cash at bank and in hand | 54/58 | €63,868 | €57,916 | -€5,952 | -9.3% |
| Deferred charges and accrued income | 490/1 | - | €3,750 | +€3,750 | |
| Total equity and liabilities | 10/49 | €140,535 | €144,982 | +€4,447 | +3.2% |
| Equity | 10/15 | €45,634 | €1,387 | -€44,247 | -97.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,134 | €887 | -€44,247 | -98.0% |
| Amounts payable | 17/49 | €94,901 | €143,596 | +€48,694 | +51.3% |
| Amounts payable within one year | 42/48 | €60,901 | €72,596 | +€11,694 | +19.2% |
| Trade debts | 44 | €44,333 | €44,653 | +€320 | +0.7% |
| Suppliers | 440/4 | €44,333 | €44,653 | +€320 | +0.7% |
| Taxes, remuneration and social security | 45 | €16,568 | €27,942 | +€11,374 | +68.7% |
| Taxes | 450/3 | €16,568 | €27,942 | +€11,374 | +68.7% |
| Accrued charges and deferred income | 492/3 | €34,000 | €71,000 | +€37,000 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €2,180 | -€370 | -14.5% |
| Other operating charges | 640/8 | €159 | €2,838 | +€2,679 | +1,683% |
| Gross operating margin | 9900 | €44,789 | €41,883 | -€2,906 | -6.5% |
| Operating profit (loss) | 9901 | €42,080 | €36,865 | -€5,215 | -12.4% |
| Financial income | 75/76B | €1,260 | €1,871 | +€611 | +48.5% |
| Recurring financial income | 75 | €1,260 | €1,871 | +€611 | +48.5% |
| Financial charges | 65/66B | €272 | €1,241 | +€969 | +357% |
| Recurring financial charges | 65 | €272 | €1,241 | +€969 | +357% |
| Profit (loss) for the period before taxes | 9903 | €43,069 | €37,495 | -€5,573 | -12.9% |
| Income taxes | 67/77 | €8,946 | €10,742 | +€1,796 | +20.1% |
| Profit (loss) for the period | 9904 | €34,123 | €26,753 | -€7,370 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,123 | €26,753 | -€7,370 | -21.6% |
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.