CD-LAN: 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-LAN
Largest movements
- Tangible fixed assets -€17,059
down €17,059 (-5.9%), from €287,950 to €270,891
of which Plant, machinery and equipment: -€14,312
- Cash +€14,103
up €14,103 (+63.2%), from €22,327 to €36,430
mainly Debts after one year (+€197,800) and Depreciation (+€27,758)
- Debts after one year +€197,800
up €197,800 (+8,989%), from €2,200 to €200,000
- Contributions -€140,400
down €140,400 (-91.9%), from €152,800 to €12,400
- Other debts -€59,568
down €59,568 (-77.0%), from €77,399 to €17,832
- Profit (loss) carried forward +€26,847
up €26,847 (+87.3%), from -€30,743 to -€3,896
- Trade debts -€24,077
down €24,077 (-64.3%), from €37,439 to €13,362
- Gross operating margin +€37,468
up €37,468 (+81.0%), from €46,286 to €83,754
- Taxes +€10,208
up €10,208 (+185%), from €5,504 to €15,712
- Financial charges -€1,987
down €1,987 (-17.8%), from €11,134 to €9,147
- Other operating charges -€1,920
down €1,920 (-28.9%), from €6,634 to €4,715
- Depreciation +€874
up €874 (+3.3%), from €26,884 to €27,758
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 | €365,679 | €361,524 | -€4,155 | -1.1% |
| Fixed assets | 21/28 | €287,950 | €270,891 | -€17,059 | -5.9% |
| Tangible fixed assets | 22/27 | €287,950 | €270,891 | -€17,059 | -5.9% |
| Land and buildings | 22 | €230,279 | €231,126 | +€847 | +0.4% |
| Plant, machinery and equipment | 23 | €45,786 | €31,474 | -€14,312 | -31.3% |
| Furniture and vehicles | 24 | €6,356 | €4,583 | -€1,773 | -27.9% |
| Other tangible fixed assets | 26 | €5,529 | €3,708 | -€1,821 | -32.9% |
| Current assets | 29/58 | €77,729 | €90,633 | +€12,904 | +16.6% |
| Amounts receivable within one year | 40/41 | €49,070 | €49,796 | +€726 | +1.5% |
| Trade receivables | 40 | €49,070 | €49,796 | +€726 | +1.5% |
| Cash at bank and in hand | 54/58 | €22,327 | €36,430 | +€14,103 | +63.2% |
| Deferred charges and accrued income | 490/1 | €6,333 | €4,407 | -€1,926 | -30.4% |
| Total equity and liabilities | 10/49 | €365,679 | €361,524 | -€4,155 | -1.1% |
| Equity | 10/15 | €178,026 | €63,532 | -€114,494 | -64.3% |
| Contributions | 10/11 | €152,800 | €12,400 | -€140,400 | -91.9% |
| Reserves | 13 | €55,969 | €55,028 | -€940 | -1.7% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €21,936 | €20,995 | -€940 | -4.3% |
| Distributable reserves | 133 | €32,174 | €34,033 | +€1,859 | +5.8% |
| Profit (loss) carried forward | 14 | -€30,743 | -€3,896 | +€26,847 | +87.3% |
| Provisions and deferred taxes | 16 | €11,295 | €10,811 | -€484 | -4.3% |
| Deferred taxes | 168 | €11,295 | €10,811 | -€484 | -4.3% |
| Amounts payable | 17/49 | €176,358 | €287,181 | +€110,823 | +62.8% |
| Amounts payable after more than one year | 17 | €2,200 | €200,000 | +€197,800 | +8,989% |
| Financial debts | 170/4 | €2,200 | €200,000 | +€197,800 | +8,989% |
| Amounts payable within one year | 42/48 | €166,124 | €79,531 | -€86,592 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €26,136 | €2,200 | -€23,935 | -91.6% |
| Trade debts | 44 | €37,439 | €13,362 | -€24,077 | -64.3% |
| Suppliers | 440/4 | €37,439 | €13,362 | -€24,077 | -64.3% |
| Taxes, remuneration and social security | 45 | €25,150 | €46,137 | +€20,987 | +83.4% |
| Taxes | 450/3 | €18,423 | €35,927 | +€17,504 | +95.0% |
| Remuneration and social security | 454/9 | €6,727 | €10,211 | +€3,484 | +51.8% |
| Other amounts payable | 47/48 | €77,399 | €17,832 | -€59,568 | -77.0% |
| Accrued charges and deferred income | 492/3 | €8,034 | €7,649 | -€385 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,884 | €27,758 | +€874 | +3.3% |
| Other operating charges | 640/8 | €6,634 | €4,715 | -€1,920 | -28.9% |
| Gross operating margin | 9900 | €46,286 | €83,754 | +€37,468 | +81.0% |
| Operating profit (loss) | 9901 | €12,768 | €51,282 | +€38,514 | +302% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,134 | €9,147 | -€1,987 | -17.8% |
| Recurring financial charges | 65 | €11,134 | €9,147 | -€1,987 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €1,634 | €42,134 | +€40,501 | +2,479% |
| Transfer from deferred taxes | 780 | €484 | €484 | = | 0.0% |
| Income taxes | 67/77 | €5,504 | €15,712 | +€10,208 | +185% |
| Profit (loss) for the period | 9904 | -€3,386 | €26,906 | +€30,293 | |
| Transfer from tax-exempt reserves | 789 | €940 | €940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,446 | €27,847 | +€30,293 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.