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
- Financial fixed assets +€398,960
up €398,960 (+99.7%), from €400,000 to €798,960
- Tangible fixed assets +€63,076
up €63,076 (+359%), from €17,583 to €80,660
- Receivables within one year -€30,163
down €30,163 (-33.6%), from €89,798 to €59,635
of which Other amounts receivable: -€60,163
- Other debts +€343,560
up €343,560 (+339%), from €101,248 to €444,808
- Reserves +€65,194
up €65,194 (+25.9%), from €251,863 to €317,057
- Debts after one year +€21,614
up €21,614 (+24.5%), from €88,136 to €109,750
- Depreciation -€8,479
down €8,479 (-81.0%), from €10,464 to €1,985
- Financial income +€3,868
up €3,868 (+7.7%), from €50,000 to €53,868
- Taxes +€3,865
up €3,865 (+189%), from €2,045 to €5,910
- Gross operating margin +€2,843
up €2,843 (+10.8%), from €26,337 to €29,180
- Financial charges +€1,223
up €1,223 (+14.9%), from €8,191 to €9,414
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.
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 | €518,163 | €948,411 | +€430,248 | +83.0% |
| Fixed assets | 21/28 | €417,583 | €879,620 | +€462,036 | +111% |
| Tangible fixed assets | 22/27 | €17,583 | €80,660 | +€63,076 | +359% |
| Leasing and similar rights | 25 | €17,583 | €80,660 | +€63,076 | +359% |
| Financial fixed assets | 28 | €400,000 | €798,960 | +€398,960 | +99.7% |
| Current assets | 29/58 | €100,579 | €68,791 | -€31,788 | -31.6% |
| Amounts receivable within one year | 40/41 | €89,798 | €59,635 | -€30,163 | -33.6% |
| Trade receivables | 40 | €8,975 | €38,974 | +€30,000 | +334% |
| Other amounts receivable | 41 | €80,824 | €20,661 | -€60,163 | -74.4% |
| Cash at bank and in hand | 54/58 | €9,916 | €1,752 | -€8,164 | -82.3% |
| Deferred charges and accrued income | 490/1 | €865 | €7,404 | +€6,539 | +756% |
| Total equity and liabilities | 10/49 | €518,163 | €948,411 | +€430,248 | +83.0% |
| Equity | 10/15 | €270,463 | €335,657 | +€65,194 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,863 | €317,057 | +€65,194 | +25.9% |
| Distributable reserves | 133 | €251,863 | €317,057 | +€65,194 | +25.9% |
| Amounts payable | 17/49 | €247,700 | €612,754 | +€365,055 | +147% |
| Amounts payable after more than one year | 17 | €88,136 | €109,750 | +€21,614 | +24.5% |
| Financial debts | 170/4 | €88,136 | €109,750 | +€21,614 | +24.5% |
| Amounts payable within one year | 42/48 | €157,564 | €499,779 | +€342,215 | +217% |
| Current portion of amounts payable after more than one year | 42 | €37,507 | €41,317 | +€3,810 | +10.2% |
| Trade debts | 44 | €9,201 | €1,101 | -€8,100 | -88.0% |
| Suppliers | 440/4 | €9,201 | €1,101 | -€8,100 | -88.0% |
| Taxes, remuneration and social security | 45 | €9,608 | €12,553 | +€2,945 | +30.6% |
| Taxes | 450/3 | €6,408 | €12,553 | +€6,145 | +95.9% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100% |
| Other amounts payable | 47/48 | €101,248 | €444,808 | +€343,560 | +339% |
| Accrued charges and deferred income | 492/3 | €1,999 | €3,225 | +€1,226 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,464 | €1,985 | -€8,479 | -81.0% |
| Other operating charges | 640/8 | €995 | €546 | -€450 | -45.2% |
| Gross operating margin | 9900 | €26,337 | €29,180 | +€2,843 | +10.8% |
| Operating profit (loss) | 9901 | €14,878 | €26,649 | +€11,771 | +79.1% |
| Financial income | 75/76B | €50,000 | €53,868 | +€3,868 | +7.7% |
| Recurring financial income | 75 | €50,000 | €53,868 | +€3,868 | +7.7% |
| Financial charges | 65/66B | €8,191 | €9,414 | +€1,223 | +14.9% |
| Recurring financial charges | 65 | €8,191 | €9,414 | +€1,223 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €56,687 | €71,103 | +€14,417 | +25.4% |
| Income taxes | 67/77 | €2,045 | €5,910 | +€3,865 | +189% |
| Profit (loss) for the period | 9904 | €54,642 | €65,194 | +€10,552 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,642 | €65,194 | +€10,552 | +19.3% |
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 25 October 2026 via checked.be.