CD Audit: 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.
CD Audit
Largest movements
- Tangible fixed assets +€160,708
up €160,708 (+16711.9%), from €962 to €161,670
of which Land and buildings: +€137,541
- Receivables within one year -€6,681
no longer reported in 2025 (was €6,681)
- Deferred charges and accrued income +€4,006
new in 2025: €4,006
- Debts after one year +€168,314
new in 2025: €168,314
- Profit (loss) carried forward -€14,380
down €14,380 (-384.6%), from -€3,739 to -€18,119
- Current portion of long-term debt +€6,939
new in 2025: €6,939
- Tax, wage and social debts -€4,009
down €4,009 (-44.7%), from €8,968 to €4,959
- Trade debts +€3,748
up €3,748 (+212.1%), from €1,767 to €5,515
- Depreciation +€27,961
up €27,961 (+26039.6%), from €107 to €28,069
- Gross operating margin +€21,293
up €21,293, from -€2,806 to €18,487
- Financial charges +€2,354
up €2,354 (+16438.4%), from €14 to €2,368
- Taxes +€866
up €866 (+924.1%), from €94 to €960
- Other operating charges +€752
up €752 (+104.8%), from €718 to €1,470
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 | €8,958 | €168,608 | +€159,650 | +1782.2% |
| Fixed assets | 21/28 | €962 | €161,670 | +€160,708 | +16711.9% |
| Tangible fixed assets | 22/27 | €962 | €161,670 | +€160,708 | +16711.9% |
| Land and buildings | 22 | - | €137,541 | +€137,541 | |
| Plant, machinery and equipment | 23 | - | €6,013 | +€6,013 | |
| Furniture and vehicles | 24 | €962 | €18,116 | +€17,154 | +1783.8% |
| Current assets | 29/58 | €7,996 | €6,938 | -€1,058 | -13.2% |
| Amounts receivable within one year | 40/41 | €6,681 | - | -€6,681 | |
| Trade receivables | 40 | €6,681 | - | -€6,681 | |
| Cash at bank and in hand | 54/58 | €1,315 | €2,932 | +€1,616 | +122.9% |
| Deferred charges and accrued income | 490/1 | - | €4,006 | +€4,006 | |
| Total equity and liabilities | 10/49 | €8,958 | €168,608 | +€159,650 | +1782.2% |
| Equity | 10/15 | -€2,739 | -€17,119 | -€14,380 | -525.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,739 | -€18,119 | -€14,380 | -384.6% |
| Amounts payable | 17/49 | €11,697 | €185,727 | +€174,030 | +1487.8% |
| Amounts payable after more than one year | 17 | - | €168,314 | +€168,314 | |
| Financial debts | 170/4 | - | €168,314 | +€168,314 | |
| Amounts payable within one year | 42/48 | €11,697 | €17,413 | +€5,716 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,939 | +€6,939 | |
| Trade debts | 44 | €1,767 | €5,515 | +€3,748 | +212.1% |
| Suppliers | 440/4 | €1,767 | €5,515 | +€3,748 | +212.1% |
| Taxes, remuneration and social security | 45 | €8,968 | €4,959 | -€4,009 | -44.7% |
| Taxes | 450/3 | €8,968 | €4,959 | -€4,009 | -44.7% |
| Other amounts payable | 47/48 | €962 | - | -€962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €28,069 | +€27,961 | +26039.6% |
| Other operating charges | 640/8 | €718 | €1,470 | +€752 | +104.8% |
| Gross operating margin | 9900 | -€2,806 | €18,487 | +€21,293 | |
| Operating profit (loss) | 9901 | -€3,631 | -€11,052 | -€7,421 | -204.4% |
| Financial charges | 65/66B | €14 | €2,368 | +€2,354 | +16438.4% |
| Recurring financial charges | 65 | €14 | €2,368 | +€2,354 | +16438.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,645 | -€13,420 | -€9,775 | -268.1% |
| Income taxes | 67/77 | €94 | €960 | +€866 | +924.1% |
| Profit (loss) for the period | 9904 | -€3,739 | -€14,380 | -€10,641 | -284.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,739 | -€14,380 | -€10,641 | -284.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.