CD&J DEVELOPMENT: 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&J DEVELOPMENT
Largest movements
- Stocks and contracts -€1.7m
no longer reported in 2025 (was €1.7m)
- Cash -€359,224
down €359,224 (-78.3%), from €458,824 to €99,600
mainly Trade debts (-€1.5m) and Other debts (-€295,916)
- Receivables within one year -€110,372
down €110,372 (-12.9%), from €857,114 to €746,742
of which Trade receivables: -€161,523
- Trade debts -€1.5m
down €1.5m (-77.9%), from €2.0m to €439,397
- Other debts -€295,916
down €295,916 (-50.6%), from €584,922 to €289,006
- Accrued charges and deferred income -€220,081
down €220,081 (-84.3%), from €261,094 to €41,013
- Tax, wage and social debts -€63,513
down €63,513 (-97.1%), from €65,438 to €1,925
- Gross operating margin -€171,516
down €171,516 (-45.3%), from €378,438 to €206,922
- Taxes -€27,093
down €27,093 (-39.3%), from €69,018 to €41,925
- Financial income -€11,772
down €11,772 (-98.6%), from €11,934 to €162
- Financial charges +€4,323
up €4,323 (+11.9%), from €36,196 to €40,519
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 | €2,998,682 | €846,342 | -€2.2m | -71.8% |
| Current assets | 29/58 | €2,998,682 | €846,342 | -€2.2m | -71.8% |
| Stocks and contracts in progress | 3 | €1,682,743 | - | -€1.7m | |
| Stocks | 30/36 | €1,682,743 | - | -€1.7m | |
| Amounts receivable within one year | 40/41 | €857,114 | €746,742 | -€110,372 | -12.9% |
| Trade receivables | 40 | €851,948 | €690,426 | -€161,523 | -19.0% |
| Other amounts receivable | 41 | €5,166 | €56,316 | +€51,150 | +990.1% |
| Cash at bank and in hand | 54/58 | €458,824 | €99,600 | -€359,224 | -78.3% |
| Total equity and liabilities | 10/49 | €2,998,682 | €846,342 | -€2.2m | -71.8% |
| Equity | 10/15 | €101,803 | €75,000 | -€26,803 | -26.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,018 | - | -€1,018 | |
| Distributable reserves | 133 | €1,018 | - | -€1,018 | |
| Profit (loss) carried forward | 14 | €25,785 | - | -€25,785 | |
| Amounts payable | 17/49 | €2,896,878 | €771,342 | -€2.1m | -73.4% |
| Amounts payable within one year | 42/48 | €2,635,784 | €730,329 | -€1.9m | -72.3% |
| Trade debts | 44 | €1,985,424 | €439,397 | -€1.5m | -77.9% |
| Suppliers | 440/4 | €1,985,424 | €439,397 | -€1.5m | -77.9% |
| Taxes, remuneration and social security | 45 | €65,438 | €1,925 | -€63,513 | -97.1% |
| Taxes | 450/3 | €65,438 | €1,925 | -€63,513 | -97.1% |
| Other amounts payable | 47/48 | €584,922 | €289,006 | -€295,916 | -50.6% |
| Accrued charges and deferred income | 492/3 | €261,094 | €41,013 | -€220,081 | -84.3% |
| Other operating charges | 640/8 | €606 | €1,255 | +€649 | +107.0% |
| Gross operating margin | 9900 | €378,438 | €206,922 | -€171,516 | -45.3% |
| Operating profit (loss) | 9901 | €377,832 | €205,667 | -€172,165 | -45.6% |
| Financial income | 75/76B | €11,934 | €162 | -€11,772 | -98.6% |
| Recurring financial income | 75 | €11,934 | €162 | -€11,772 | -98.6% |
| Financial charges | 65/66B | €36,196 | €40,519 | +€4,323 | +11.9% |
| Recurring financial charges | 65 | €36,196 | €40,519 | +€4,323 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €353,569 | €165,310 | -€188,259 | -53.2% |
| Income taxes | 67/77 | €69,018 | €41,925 | -€27,093 | -39.3% |
| Profit (loss) for the period | 9904 | €284,551 | €123,385 | -€161,166 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €284,551 | €123,385 | -€161,166 | -56.6% |
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 11 October 2026 via checked.be.