CD MED: 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 MED
Largest movements
- Tangible fixed assets -€21,131
down €21,131 (-10.6%), from €199,456 to €178,325
- Cash -€20,394
down €20,394 (-100.0%), from €20,394 to €0
mainly Contributions, distributions and other (-€43,200) and Net result for the year (-€22,781)
- Receivables after one year -€6,168
down €6,168 (-24.0%), from €25,700 to €19,532
- Receivables within one year -€3,474
down €3,474 (-27.1%), from €12,842 to €9,368
of which Other amounts receivable: -€3,474
- Deferred charges and accrued income -€2,839
down €2,839 (-64.9%), from €4,374 to €1,535
- Reserves -€43,200
down €43,200 (-49.6%), from €87,100 to €43,900
of which Distributable reserves: -€43,200
- Other debts +€29,367
up €29,367 (+212.3%), from €13,833 to €43,200
- Profit (loss) carried forward -€22,781
down €22,781, from €1,365 to -€21,416
- Current portion of long-term debt -€8,807
down €8,807 (-43.7%), from €20,164 to €11,356
- Debts after one year -€5,429
down €5,429 (-4.4%), from €123,804 to €118,375
of which Financial debts: -€4,769
- Gross operating margin -€60,431
down €60,431 (-92.6%), from €65,292 to €4,860
- Taxes -€13,538
down €13,538 (-97.6%), from €13,873 to €335
- Depreciation +€2,347
up €2,347 (+12.5%), from €18,785 to €21,131
- Other operating charges -€867
down €867 (-68.5%), from €1,267 to €400
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 | €262,766 | €208,760 | -€54,006 | -20.6% |
| Fixed assets | 21/28 | €199,456 | €178,325 | -€21,131 | -10.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €199,456 | €178,325 | -€21,131 | -10.6% |
| Land and buildings | 22 | €148,222 | €139,155 | -€9,067 | -6.1% |
| Plant, machinery and equipment | 23 | €28,854 | €21,939 | -€6,915 | -24.0% |
| Furniture and vehicles | 24 | €22,380 | €17,231 | -€5,148 | -23.0% |
| Current assets | 29/58 | €63,309 | €30,435 | -€32,874 | -51.9% |
| Amounts receivable after more than one year | 29 | €25,700 | €19,532 | -€6,168 | -24.0% |
| Trade receivables | 290 | €25,700 | €19,532 | -€6,168 | -24.0% |
| Amounts receivable within one year | 40/41 | €12,842 | €9,368 | -€3,474 | -27.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €12,842 | €9,368 | -€3,474 | -27.1% |
| Cash at bank and in hand | 54/58 | €20,394 | €0 | -€20,394 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,374 | €1,535 | -€2,839 | -64.9% |
| Total equity and liabilities | 10/49 | €262,766 | €208,760 | -€54,006 | -20.6% |
| Equity | 10/15 | €100,865 | €34,884 | -€65,981 | -65.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,100 | €43,900 | -€43,200 | -49.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €87,100 | €43,900 | -€43,200 | -49.6% |
| Profit (loss) carried forward | 14 | €1,365 | -€21,416 | -€22,781 | |
| Amounts payable | 17/49 | €161,901 | €173,876 | +€11,975 | +7.4% |
| Amounts payable after more than one year | 17 | €123,804 | €118,375 | -€5,429 | -4.4% |
| Financial debts | 170/4 | €123,144 | €118,375 | -€4,769 | -3.9% |
| Other amounts payable | 178/9 | €660 | €0 | -€660 | -100.0% |
| Amounts payable within one year | 42/48 | €38,096 | €55,501 | +€17,405 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €20,164 | €11,356 | -€8,807 | -43.7% |
| Financial debts | 43 | - | €426 | +€426 | |
| Credit institutions | 430/8 | - | €426 | +€426 | |
| Trade debts | 44 | €199 | €273 | +€74 | +37.1% |
| Suppliers | 440/4 | €199 | €273 | +€74 | +37.1% |
| Taxes, remuneration and social security | 45 | €3,900 | €245 | -€3,655 | -93.7% |
| Taxes | 450/3 | €3,900 | €245 | -€3,655 | -93.7% |
| Other amounts payable | 47/48 | €13,833 | €43,200 | +€29,367 | +212.3% |
| Remuneration, social security and pensions | 62 | €185 | €0 | -€185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,785 | €21,131 | +€2,347 | +12.5% |
| Other operating charges | 640/8 | €1,267 | €400 | -€867 | -68.5% |
| Gross operating margin | 9900 | €65,292 | €4,860 | -€60,431 | -92.6% |
| Operating profit (loss) | 9901 | €45,055 | -€16,671 | -€61,726 | |
| Financial income | 75/76B | €1,650 | €1,296 | -€354 | -21.5% |
| Recurring financial income | 75 | €1,650 | €1,296 | -€354 | -21.5% |
| Financial charges | 65/66B | €7,196 | €7,071 | -€125 | -1.7% |
| Recurring financial charges | 65 | €7,196 | €7,071 | -€125 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €39,509 | -€22,446 | -€61,955 | |
| Income taxes | 67/77 | €13,873 | €335 | -€13,538 | -97.6% |
| Profit (loss) for the period | 9904 | €25,636 | -€22,781 | -€48,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,636 | -€22,781 | -€48,417 |
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 29 September 2026 via checked.be.