CD CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables after one year -€20,551
down €20,551 (-100.0%), from €20,551 to €0
- Receivables within one year +€11,627
up €11,627 (+23.4%), from €49,591 to €61,218
of which Other amounts receivable: +€15,585
- Tangible fixed assets -€8,214
down €8,214 (-68.0%), from €12,088 to €3,874
of which Furniture and vehicles: -€8,214
- Cash -€3,766
down €3,766 (-27.0%), from €13,965 to €10,199
mainly Contributions, distributions and other (-€80,000) and Receivables within one year (-€11,627)
- Current investments -€3,035
down €3,035 (-100.0%), from €3,035 to €0
- Profit (loss) carried forward -€19,585
down €19,585 (-99.5%), from €19,693 to €108
- Tax, wage and social debts -€9,221
down €9,221 (-16.0%), from €57,592 to €48,371
of which Taxes: -€10,429
- Other debts -€4,369
down €4,369 (-46.0%), from €9,500 to €5,131
- Trade debts +€3,678
up €3,678 (+16.4%), from €22,491 to €26,169
- Current portion of long-term debt +€2,982
up €2,982 (+280.3%), from €1,064 to €4,046
- Depreciation -€58,439
down €58,439 (-94.6%), from €61,761 to €3,321
- Gross operating margin -€34,242
down €34,242 (-14.0%), from €244,019 to €209,777
- Staff costs +€7,249
up €7,249 (+6.4%), from €113,755 to €121,003
- Taxes -€5,096
down €5,096 (-20.8%), from €24,510 to €19,414
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 | €130,800 | €104,285 | -€26,515 | -20.3% |
| Fixed assets | 21/28 | €12,438 | €4,474 | -€7,964 | -64.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €12,088 | €3,874 | -€8,214 | -68.0% |
| Furniture and vehicles | 24 | €12,088 | €3,874 | -€8,214 | -68.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €350 | €600 | +€250 | +71.4% |
| Current assets | 29/58 | €118,362 | €99,811 | -€18,551 | -15.7% |
| Amounts receivable after more than one year | 29 | €20,551 | €0 | -€20,551 | -100.0% |
| Trade receivables | 290 | €20,551 | €0 | -€20,551 | -100.0% |
| Amounts receivable within one year | 40/41 | €49,591 | €61,218 | +€11,627 | +23.4% |
| Trade receivables | 40 | €49,591 | €45,633 | -€3,958 | -8.0% |
| Other amounts receivable | 41 | €0 | €15,585 | +€15,585 | |
| Current investments | 50/53 | €3,035 | €0 | -€3,035 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,965 | €10,199 | -€3,766 | -27.0% |
| Deferred charges and accrued income | 490/1 | €31,220 | €28,394 | -€2,826 | -9.1% |
| Total equity and liabilities | 10/49 | €130,800 | €104,285 | -€26,515 | -20.3% |
| Equity | 10/15 | €40,153 | €20,568 | -€19,585 | -48.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,693 | €108 | -€19,585 | -99.5% |
| Amounts payable | 17/49 | €90,646 | €83,717 | -€6,930 | -7.6% |
| Amounts payable within one year | 42/48 | €90,646 | €83,717 | -€6,930 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €1,064 | €4,046 | +€2,982 | +280.3% |
| Trade debts | 44 | €22,491 | €26,169 | +€3,678 | +16.4% |
| Suppliers | 440/4 | €22,491 | €26,169 | +€3,678 | +16.4% |
| Taxes, remuneration and social security | 45 | €57,592 | €48,371 | -€9,221 | -16.0% |
| Taxes | 450/3 | €40,818 | €30,389 | -€10,429 | -25.5% |
| Remuneration and social security | 454/9 | €16,774 | €17,982 | +€1,208 | +7.2% |
| Other amounts payable | 47/48 | €9,500 | €5,131 | -€4,369 | -46.0% |
| Remuneration, social security and pensions | 62 | €113,755 | €121,003 | +€7,249 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,761 | €3,321 | -€58,439 | -94.6% |
| Other operating charges | 640/8 | €4,030 | €3,126 | -€903 | -22.4% |
| Gross operating margin | 9900 | €244,019 | €209,777 | -€34,242 | -14.0% |
| Operating profit (loss) | 9901 | €64,474 | €82,326 | +€17,852 | +27.7% |
| Financial income | 75/76B | €34 | €28 | -€7 | -19.6% |
| Recurring financial income | 75 | €34 | €28 | -€7 | -19.6% |
| Financial charges | 65/66B | €1,614 | €2,526 | +€912 | +56.5% |
| Recurring financial charges | 65 | €1,614 | €2,526 | +€912 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €62,895 | €79,828 | +€16,933 | +26.9% |
| Income taxes | 67/77 | €24,510 | €19,414 | -€5,096 | -20.8% |
| Profit (loss) for the period | 9904 | €38,385 | €60,415 | +€22,029 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,385 | €60,415 | +€22,029 | +57.4% |
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 9 October 2026 via checked.be.