CD CONCEPT: 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 CONCEPT
Largest movements
- Cash -€127,086
down €127,086 (-35.6%), from €356,584 to €229,498
mainly Current investments (-€114,616) and Contributions, distributions and other (-€75,669)
- Current investments +€114,616
up €114,616 (+96.6%), from €118,592 to €233,208
- Receivables within one year +€56,099
up €56,099 (+131.5%), from €42,664 to €98,763
of which Other amounts receivable: +€55,524
- Stocks and contracts -€16,625
down €16,625 (-14.1%), from €118,105 to €101,479
- Other debts +€41,639
up €41,639 (+122.4%), from €34,031 to €75,669
- Trade debts -€12,765
down €12,765 (-67.1%), from €19,029 to €6,265
- Gross operating margin -€110,046
down €110,046 (-57.2%), from €192,524 to €82,478
- Financial charges -€30,583
down €30,583, from €21,437 to -€9,146
- Taxes -€28,809
down €28,809 (-51.5%), from €55,976 to €27,167
- Financial income +€2,253
up €2,253 (+26.3%), from €8,554 to €10,807
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 | €645,433 | €673,496 | +€28,063 | +4.3% |
| Fixed assets | 21/28 | €5,876 | €4,885 | -€991 | -16.9% |
| Tangible fixed assets | 22/27 | €5,876 | €4,885 | -€991 | -16.9% |
| Land and buildings | 22 | €3,492 | €3,126 | -€366 | -10.5% |
| Plant, machinery and equipment | 23 | €2,385 | €1,759 | -€625 | -26.2% |
| Current assets | 29/58 | €639,556 | €668,610 | +€29,054 | +4.5% |
| Stocks and contracts in progress | 3 | €118,105 | €101,479 | -€16,625 | -14.1% |
| Stocks | 30/36 | €118,105 | €101,479 | -€16,625 | -14.1% |
| Amounts receivable within one year | 40/41 | €42,664 | €98,763 | +€56,099 | +131.5% |
| Trade receivables | 40 | €7,482 | €8,058 | +€576 | +7.7% |
| Other amounts receivable | 41 | €35,182 | €90,706 | +€55,524 | +157.8% |
| Current investments | 50/53 | €118,592 | €233,208 | +€114,616 | +96.6% |
| Cash at bank and in hand | 54/58 | €356,584 | €229,498 | -€127,086 | -35.6% |
| Deferred charges and accrued income | 490/1 | €3,612 | €5,661 | +€2,049 | +56.7% |
| Total equity and liabilities | 10/49 | €645,433 | €673,496 | +€28,063 | +4.3% |
| Equity | 10/15 | €575,048 | €570,615 | -€4,433 | -0.8% |
| Contributions | 10/11 | €120,817 | €120,817 | = | 0.0% |
| Reserves | 13 | €454,230 | €449,798 | -€4,433 | -1.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €452,371 | €447,938 | -€4,433 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,385 | €102,880 | +€32,495 | +46.2% |
| Amounts payable within one year | 42/48 | €54,030 | €84,518 | +€30,488 | +56.4% |
| Trade debts | 44 | €19,029 | €6,265 | -€12,765 | -67.1% |
| Suppliers | 440/4 | €19,029 | €6,265 | -€12,765 | -67.1% |
| Taxes, remuneration and social security | 45 | €970 | €2,584 | +€1,614 | +166.4% |
| Taxes | 450/3 | €8 | €1,590 | +€1,582 | +19500.7% |
| Remuneration and social security | 454/9 | €962 | €995 | +€33 | +3.4% |
| Other amounts payable | 47/48 | €34,031 | €75,669 | +€41,639 | +122.4% |
| Accrued charges and deferred income | 492/3 | €16,355 | €18,362 | +€2,007 | +12.3% |
| Remuneration, social security and pensions | 62 | €174 | €233 | +€59 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €2,159 | -€476 | -18.1% |
| Other operating charges | 640/8 | €1,152 | €1,634 | +€482 | +41.8% |
| Gross operating margin | 9900 | €192,524 | €82,478 | -€110,046 | -57.2% |
| Operating profit (loss) | 9901 | €188,562 | €78,452 | -€110,110 | -58.4% |
| Financial income | 75/76B | €8,554 | €10,807 | +€2,253 | +26.3% |
| Recurring financial income | 75 | €8,554 | €10,807 | +€2,253 | +26.3% |
| Financial charges | 65/66B | €21,437 | -€9,146 | -€30,583 | |
| Recurring financial charges | 65 | €21,437 | -€9,146 | -€30,583 | |
| Profit (loss) for the period before taxes | 9903 | €175,679 | €98,404 | -€77,274 | -44.0% |
| Income taxes | 67/77 | €55,976 | €27,167 | -€28,809 | -51.5% |
| Profit (loss) for the period | 9904 | €119,703 | €71,237 | -€48,466 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,703 | €71,237 | -€48,466 | -40.5% |
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 3 October 2026 via checked.be.