CD Insights: 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 Insights
Largest movements
- Tangible fixed assets +€102,502
up €102,502 (+7052.6%), from €1,453 to €103,955
of which Land and buildings: +€89,204
- Receivables within one year +€58,509
up €58,509 (+124.6%), from €46,954 to €105,463
of which Trade receivables: +€88,424
- Current investments +€45,000
new in 2025: €45,000
- Cash -€7,722
down €7,722 (-23.0%), from €33,621 to €25,898
mainly Investment in fixed assets (net) (-€107,094) and Receivables within one year (-€58,509)
- Debts after one year +€93,377
new in 2025: €93,377
- Trade debts +€67,946
up €67,946 (+2133.7%), from €3,184 to €71,130
- Profit (loss) carried forward +€29,991
up €29,991 (+41.9%), from €71,584 to €101,576
- Current portion of long-term debt +€6,005
new in 2025: €6,005
- Gross operating margin -€8,076
down €8,076 (-14.9%), from €54,241 to €46,164
- Depreciation +€4,084
up €4,084 (+988.0%), from €413 to €4,497
- Taxes -€2,109
down €2,109 (-18.9%), from €11,162 to €9,053
- Financial charges +€1,264
up €1,264 (+87.8%), from €1,439 to €2,703
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 | €85,500 | €281,984 | +€196,483 | +229.8% |
| Fixed assets | 21/28 | €1,643 | €104,240 | +€102,597 | +6243.0% |
| Tangible fixed assets | 22/27 | €1,453 | €103,955 | +€102,502 | +7052.6% |
| Land and buildings | 22 | - | €89,204 | +€89,204 | |
| Furniture and vehicles | 24 | €1,453 | €14,752 | +€13,298 | +915.0% |
| Financial fixed assets | 28 | €190 | €285 | +€95 | +50.0% |
| Current assets | 29/58 | €83,857 | €177,743 | +€93,886 | +112.0% |
| Amounts receivable within one year | 40/41 | €46,954 | €105,463 | +€58,509 | +124.6% |
| Trade receivables | 40 | €16,285 | €104,709 | +€88,424 | +543.0% |
| Other amounts receivable | 41 | €30,669 | €754 | -€29,915 | -97.5% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €33,621 | €25,898 | -€7,722 | -23.0% |
| Deferred charges and accrued income | 490/1 | €3,283 | €1,382 | -€1,900 | -57.9% |
| Total equity and liabilities | 10/49 | €85,500 | €281,984 | +€196,483 | +229.8% |
| Equity | 10/15 | €72,084 | €102,076 | +€29,991 | +41.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,584 | €101,576 | +€29,991 | +41.9% |
| Amounts payable | 17/49 | €13,416 | €179,908 | +€166,492 | +1241.0% |
| Amounts payable after more than one year | 17 | - | €93,377 | +€93,377 | |
| Financial debts | 170/4 | - | €93,377 | +€93,377 | |
| Amounts payable within one year | 42/48 | €13,416 | €86,531 | +€73,115 | +545.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,005 | +€6,005 | |
| Trade debts | 44 | €3,184 | €71,130 | +€67,946 | +2133.7% |
| Suppliers | 440/4 | €3,184 | €71,130 | +€67,946 | +2133.7% |
| Taxes, remuneration and social security | 45 | €9,372 | €9,354 | -€19 | -0.2% |
| Taxes | 450/3 | €9,372 | €9,354 | -€19 | -0.2% |
| Other amounts payable | 47/48 | €860 | €43 | -€817 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €4,497 | +€4,084 | +988.0% |
| Other operating charges | 640/8 | - | €97 | +€97 | |
| Gross operating margin | 9900 | €54,241 | €46,164 | -€8,076 | -14.9% |
| Operating profit (loss) | 9901 | €53,828 | €41,570 | -€12,257 | -22.8% |
| Financial income | 75/76B | €21 | €177 | +€156 | +756.6% |
| Recurring financial income | 75 | €21 | €177 | +€156 | +756.6% |
| Financial charges | 65/66B | €1,439 | €2,703 | +€1,264 | +87.8% |
| Recurring financial charges | 65 | €1,439 | €2,703 | +€1,264 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €52,409 | €39,045 | -€13,365 | -25.5% |
| Income taxes | 67/77 | €11,162 | €9,053 | -€2,109 | -18.9% |
| Profit (loss) for the period | 9904 | €41,247 | €29,991 | -€11,256 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,247 | €29,991 | -€11,256 | -27.3% |
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 2 October 2026 via checked.be.