CD INVEST: 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 INVEST
Largest movements
- Cash +€28,318
up €28,318 (+272%), from €10,398 to €38,716
mainly Other debts (+€54,912) and Net result for the year (+€25,293)
- Receivables within one year -€5,018
down €5,018 (-16.2%), from €31,034 to €26,016
of which Trade receivables: -€11,282
- Other debts +€54,912
up €54,912 (+37.0%), from €148,222 to €203,134
- Debts after one year -€54,898
down €54,898 (-21.9%), from €250,753 to €195,855
- Reserves +€18,000
up €18,000 (+514%), from €3,500 to €21,500
- Tax, wage and social debts +€5,527
up €5,527 (+111%), from €4,983 to €10,510
of which Remuneration and social security: +€2,778
- Trade debts -€5,144
down €5,144 (-53.7%), from €9,588 to €4,444
- Financial charges -€52,523
down €52,523 (-72.3%), from €72,672 to €20,149
- Other operating charges -€6,701
down €6,701 (-93.0%), from €7,205 to €505
- Taxes +€1,236
up €1,236 (+13.9%), from €8,857 to €10,093
- Depreciation +€968
up €968 (+159%), from €607 to €1,576
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 | €478,322 | €499,548 | +€21,226 | +4.4% |
| Fixed assets | 21/28 | €435,894 | €434,319 | -€1,576 | -0.4% |
| Tangible fixed assets | 22/27 | €51,694 | €50,119 | -€1,576 | -3.0% |
| Land and buildings | 22 | €51,694 | €50,119 | -€1,576 | -3.0% |
| Financial fixed assets | 28 | €384,200 | €384,200 | = | 0.0% |
| Current assets | 29/58 | €42,428 | €65,230 | +€22,802 | +53.7% |
| Amounts receivable within one year | 40/41 | €31,034 | €26,016 | -€5,018 | -16.2% |
| Trade receivables | 40 | €27,391 | €16,109 | -€11,282 | -41.2% |
| Other amounts receivable | 41 | €3,643 | €9,907 | +€6,264 | +172% |
| Cash at bank and in hand | 54/58 | €10,398 | €38,716 | +€28,318 | +272% |
| Deferred charges and accrued income | 490/1 | €996 | €498 | -€498 | -50.0% |
| Total equity and liabilities | 10/49 | €478,322 | €499,548 | +€21,226 | +4.4% |
| Equity | 10/15 | €8,020 | €26,213 | +€18,193 | +227% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €21,500 | +€18,000 | +514% |
| Distributable reserves | 133 | €3,500 | €21,500 | +€18,000 | +514% |
| Profit (loss) carried forward | 14 | €520 | €713 | +€193 | +37.2% |
| Amounts payable | 17/49 | €470,302 | €473,335 | +€3,032 | +0.6% |
| Amounts payable after more than one year | 17 | €250,753 | €195,855 | -€54,898 | -21.9% |
| Financial debts | 170/4 | €250,753 | €195,855 | -€54,898 | -21.9% |
| Amounts payable within one year | 42/48 | €219,549 | €277,480 | +€57,930 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €56,756 | €59,392 | +€2,636 | +4.6% |
| Trade debts | 44 | €9,588 | €4,444 | -€5,144 | -53.7% |
| Suppliers | 440/4 | €9,588 | €4,444 | -€5,144 | -53.7% |
| Taxes, remuneration and social security | 45 | €4,983 | €10,510 | +€5,527 | +111% |
| Taxes | 450/3 | €4,162 | €6,912 | +€2,750 | +66.1% |
| Remuneration and social security | 454/9 | €821 | €3,598 | +€2,778 | +338% |
| Other amounts payable | 47/48 | €148,222 | €203,134 | +€54,912 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €1,576 | +€968 | +159% |
| Other operating charges | 640/8 | €7,205 | €505 | -€6,701 | -93.0% |
| Gross operating margin | 9900 | €57,588 | €57,616 | +€28 | 0.0% |
| Operating profit (loss) | 9901 | €49,776 | €55,535 | +€5,760 | +11.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -37.3% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -37.3% |
| Financial charges | 65/66B | €72,672 | €20,149 | -€52,523 | -72.3% |
| Recurring financial charges | 65 | €72,672 | €20,149 | -€52,523 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,896 | €35,386 | +€58,282 | |
| Income taxes | 67/77 | €8,857 | €10,093 | +€1,236 | +13.9% |
| Profit (loss) for the period | 9904 | -€31,754 | €25,293 | +€57,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,754 | €25,293 | +€57,047 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.