CD-CONSULT: 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-CONSULT
Largest movements
- Stocks and contracts -€130,143
down €130,143 (-38.1%), from €341,391 to €211,248
of which Contracts in progress: -€126,861
- Receivables within one year -€38,866
down €38,866 (-29.0%), from €134,064 to €95,197
of which Trade receivables: -€19,523
- Tangible fixed assets -€11,692
down €11,692 (-2.3%), from €506,271 to €494,579
of which Land and buildings: -€14,564
- Profit (loss) carried forward -€394,707
down €394,707 (-762%), from -€51,821 to -€446,527
- Short-term financial debts +€185,080
up €185,080 (+765%), from €24,192 to €209,271
- Trade debts +€63,752
up €63,752 (+43.7%), from €145,811 to €209,562
- Tax, wage and social debts -€41,323
down €41,323 (-51.5%), from €80,174 to €38,850
of which Taxes: -€52,187
- Gross operating margin -€383,201
down €383,201, from €317,899 to -€65,302
- Staff costs +€65,530
up €65,530 (+36.2%), from €181,052 to €246,581
- Taxes -€15,427
down €15,427 (-92.1%), from €16,744 to €1,316
- Other operating charges -€5,119
down €5,119 (-39.0%), from €13,125 to €8,006
- Depreciation +€4,221
up €4,221 (+8.6%), from €49,357 to €53,578
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 | €1,070,911 | €885,179 | -€185,733 | -17.3% |
| Fixed assets | 21/28 | €506,271 | €494,579 | -€11,692 | -2.3% |
| Tangible fixed assets | 22/27 | €506,271 | €494,579 | -€11,692 | -2.3% |
| Land and buildings | 22 | €406,264 | €391,700 | -€14,564 | -3.6% |
| Plant, machinery and equipment | 23 | €61,948 | €71,910 | +€9,962 | +16.1% |
| Furniture and vehicles | 24 | €38,059 | €30,968 | -€7,091 | -18.6% |
| Current assets | 29/58 | €564,641 | €390,600 | -€174,040 | -30.8% |
| Stocks and contracts in progress | 3 | €341,391 | €211,248 | -€130,143 | -38.1% |
| Stocks | 30/36 | €90,246 | €86,964 | -€3,282 | -3.6% |
| Contracts in progress | 37 | €251,145 | €124,284 | -€126,861 | -50.5% |
| Amounts receivable within one year | 40/41 | €134,064 | €95,197 | -€38,866 | -29.0% |
| Trade receivables | 40 | €45,680 | €26,157 | -€19,523 | -42.7% |
| Other amounts receivable | 41 | €88,384 | €69,040 | -€19,344 | -21.9% |
| Cash at bank and in hand | 54/58 | €57,835 | €55,728 | -€2,107 | -3.6% |
| Deferred charges and accrued income | 490/1 | €31,350 | €28,427 | -€2,924 | -9.3% |
| Total equity and liabilities | 10/49 | €1,070,911 | €885,179 | -€185,733 | -17.3% |
| Equity | 10/15 | €433,702 | €38,996 | -€394,707 | -91.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €466,923 | €466,923 | = | 0.0% |
| Distributable reserves | 133 | €466,923 | €466,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,821 | -€446,527 | -€394,707 | -762% |
| Amounts payable | 17/49 | €637,209 | €846,183 | +€208,974 | +32.8% |
| Amounts payable after more than one year | 17 | €341,525 | €333,196 | -€8,329 | -2.4% |
| Financial debts | 170/4 | €341,525 | €333,196 | -€8,329 | -2.4% |
| Amounts payable within one year | 42/48 | €293,639 | €510,680 | +€217,040 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €43,463 | €52,996 | +€9,533 | +21.9% |
| Financial debts | 43 | €24,192 | €209,271 | +€185,080 | +765% |
| Credit institutions | 430/8 | €24,192 | €209,271 | +€185,080 | +765% |
| Trade debts | 44 | €145,811 | €209,562 | +€63,752 | +43.7% |
| Suppliers | 440/4 | €145,811 | €209,562 | +€63,752 | +43.7% |
| Taxes, remuneration and social security | 45 | €80,174 | €38,850 | -€41,323 | -51.5% |
| Taxes | 450/3 | €56,977 | €4,791 | -€52,187 | -91.6% |
| Remuneration and social security | 454/9 | €23,196 | €34,060 | +€10,863 | +46.8% |
| Accrued charges and deferred income | 492/3 | €2,045 | €2,308 | +€263 | +12.9% |
| Remuneration, social security and pensions | 62 | €181,052 | €246,581 | +€65,530 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,357 | €53,578 | +€4,221 | +8.6% |
| Other operating charges | 640/8 | €13,125 | €8,006 | -€5,119 | -39.0% |
| Non-recurring operating charges | 66A | €3,273 | €0 | -€3,273 | -100% |
| Gross operating margin | 9900 | €317,899 | -€65,302 | -€383,201 | |
| Operating profit (loss) | 9901 | €71,093 | -€373,467 | -€444,560 | |
| Financial income | 75/76B | €1,506 | €3,970 | +€2,464 | +164% |
| Recurring financial income | 75 | €1,506 | €3,970 | +€2,464 | +164% |
| Financial charges | 65/66B | €24,185 | €23,894 | -€291 | -1.2% |
| Recurring financial charges | 65 | €24,185 | €23,894 | -€291 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €48,414 | -€393,390 | -€441,805 | |
| Income taxes | 67/77 | €16,744 | €1,316 | -€15,427 | -92.1% |
| Profit (loss) for the period | 9904 | €31,671 | -€394,707 | -€426,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,671 | -€394,707 | -€426,377 |
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 17 October 2026 via checked.be.