CD Capital & 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 Capital & Advisory
Largest movements
- Receivables within one year +€98,763
up €98,763 (+90.3%), from €109,321 to €208,084
of which Other amounts receivable: +€76,955
- Tangible fixed assets +€88,860
up €88,860 (+6.2%), from €1.4m to €1.5m
- Current investments +€33,141
up €33,141 (+2,294%), from €1,444 to €34,585
- Cash -€18,674
down €18,674 (-72.0%), from €25,951 to €7,277
mainly Investment in fixed assets (net) (-€232,685) and Debts after one year (-€143,786)
- Trade debts +€179,586
up €179,586 (+175%), from €102,634 to €282,220
- Debts after one year -€143,786
down €143,786 (-14.3%), from €1.0m to €863,257
- Tax, wage and social debts +€72,400
up €72,400 (+59.0%), from €122,762 to €195,162
- Profit (loss) carried forward +€53,492
up €53,492 (+80.0%), from -€66,907 to -€13,415
- Other debts +€25,000
new in 2024: €25,000
- Gross operating margin +€188,759
up €188,759 (+109%), from €172,961 to €361,720
- Taxes +€61,428
up €61,428 (+5,222%), from €1,176 to €62,605
- Depreciation +€43,783
up €43,783 (+43.8%), from €100,043 to €143,826
- Other operating charges +€37,577
up €37,577 (+119%), from €31,709 to €69,285
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,578,814 | €1,780,217 | +€201,403 | +12.8% |
| Fixed assets | 21/28 | €1,440,012 | €1,528,872 | +€88,860 | +6.2% |
| Tangible fixed assets | 22/27 | €1,440,012 | €1,528,872 | +€88,860 | +6.2% |
| Land and buildings | 22 | €1,440,012 | €1,528,872 | +€88,860 | +6.2% |
| Current assets | 29/58 | €138,802 | €251,346 | +€112,543 | +81.1% |
| Amounts receivable within one year | 40/41 | €109,321 | €208,084 | +€98,763 | +90.3% |
| Trade receivables | 40 | €6,907 | €28,715 | +€21,808 | +316% |
| Other amounts receivable | 41 | €102,414 | €179,369 | +€76,955 | +75.1% |
| Current investments | 50/53 | €1,444 | €34,585 | +€33,141 | +2,294% |
| Cash at bank and in hand | 54/58 | €25,951 | €7,277 | -€18,674 | -72.0% |
| Deferred charges and accrued income | 490/1 | €2,085 | €1,399 | -€686 | -32.9% |
| Total equity and liabilities | 10/49 | €1,578,814 | €1,780,217 | +€201,403 | +12.8% |
| Equity | 10/15 | €182,202 | €228,683 | +€46,480 | +25.5% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Capital | 10 | €6,510 | €6,510 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,090 | €12,090 | = | 0.0% |
| Revaluation surpluses | 12 | €233,727 | €226,715 | -€7,012 | -3.0% |
| Reserves | 13 | €8,872 | €8,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,012 | €7,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,907 | -€13,415 | +€53,492 | +80.0% |
| Amounts payable | 17/49 | €1,396,612 | €1,551,535 | +€154,923 | +11.1% |
| Amounts payable after more than one year | 17 | €1,007,043 | €863,257 | -€143,786 | -14.3% |
| Financial debts | 170/4 | €1,007,043 | €863,257 | -€143,786 | -14.3% |
| Amounts payable within one year | 42/48 | €389,568 | €688,278 | +€298,709 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €141,385 | €142,818 | +€1,434 | +1.0% |
| Financial debts | 43 | €22,788 | €43,078 | +€20,289 | +89.0% |
| Credit institutions | 430/8 | €22,788 | €43,078 | +€20,289 | +89.0% |
| Trade debts | 44 | €102,634 | €282,220 | +€179,586 | +175% |
| Suppliers | 440/4 | €102,634 | €282,220 | +€179,586 | +175% |
| Taxes, remuneration and social security | 45 | €122,762 | €195,162 | +€72,400 | +59.0% |
| Taxes | 450/3 | €122,762 | €195,162 | +€72,400 | +59.0% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,043 | €143,826 | +€43,783 | +43.8% |
| Other operating charges | 640/8 | €31,709 | €69,285 | +€37,577 | +119% |
| Non-recurring operating charges | 66A | €52,908 | - | -€52,908 | |
| Gross operating margin | 9900 | €172,961 | €361,720 | +€188,759 | +109% |
| Operating profit (loss) | 9901 | -€11,699 | €148,609 | +€160,307 | |
| Financial income | 75/76B | €6 | €349 | +€343 | +5,438% |
| Recurring financial income | 75 | €6 | €349 | +€343 | +5,438% |
| Financial charges | 65/66B | €34,998 | €32,862 | -€2,136 | -6.1% |
| Recurring financial charges | 65 | €34,998 | €32,862 | -€2,136 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,690 | €116,097 | +€162,787 | |
| Income taxes | 67/77 | €1,176 | €62,605 | +€61,428 | +5,222% |
| Profit (loss) for the period | 9904 | -€47,866 | €53,492 | +€101,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,866 | €53,492 | +€101,358 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.