CD NATIONS: 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 NATIONS
Largest movements
- Stocks and contracts +€91,254
up €91,254 (+500.8%), from €18,222 to €109,476
- Cash -€42,140
down €42,140 (-90.8%), from €46,397 to €4,257
mainly Net result for the year (-€139,208) and Stocks and contracts (-€91,254)
- Receivables within one year -€29,874
down €29,874 (-41.1%), from €72,767 to €42,893
of which Trade receivables: -€20,819
- Financial fixed assets +€8,300
new in 2024: €8,300
- Tangible fixed assets +€7,488
up €7,488 (+7.8%), from €96,324 to €103,812
of which Plant, machinery and equipment: +€23,055
- Profit (loss) carried forward -€139,208
down €139,208, from €36,074 to -€103,133
- Other debts +€109,883
up €109,883 (+322.0%), from €34,123 to €144,006
- Debts after one year +€82,400
up €82,400 (+82.4%), from €100,000 to €182,400
- Trade debts -€22,097
down €22,097 (-48.3%), from €45,736 to €23,639
- Accrued charges and deferred income +€8,882
new in 2024: €8,882
- Gross operating margin -€81,359
down €81,359 (-397.6%), from -€20,464 to -€101,823
- Depreciation +€10,337
up €10,337 (+81.0%), from €12,766 to €23,102
- Financial charges +€7,247
up €7,247 (+325.9%), from €2,224 to €9,470
- Staff costs +€6,553
new in 2024: €6,553
- Financial income +€2,750
up €2,750 (+29761.6%), from €9 to €2,759
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,151 | €279,029 | +€40,879 | +17.2% |
| Fixed assets | 21/28 | €96,324 | €113,571 | +€17,247 | +17.9% |
| Intangible fixed assets | 21 | - | €1,459 | +€1,459 | |
| Tangible fixed assets | 22/27 | €96,324 | €103,812 | +€7,488 | +7.8% |
| Plant, machinery and equipment | 23 | €15,647 | €38,702 | +€23,055 | +147.3% |
| Furniture and vehicles | 24 | €55,849 | €43,367 | -€12,482 | -22.3% |
| Other tangible fixed assets | 26 | €24,829 | €21,744 | -€3,085 | -12.4% |
| Financial fixed assets | 28 | - | €8,300 | +€8,300 | |
| Current assets | 29/58 | €141,826 | €165,458 | +€23,632 | +16.7% |
| Stocks and contracts in progress | 3 | €18,222 | €109,476 | +€91,254 | +500.8% |
| Stocks | 30/36 | €18,222 | €109,476 | +€91,254 | +500.8% |
| Amounts receivable within one year | 40/41 | €72,767 | €42,893 | -€29,874 | -41.1% |
| Trade receivables | 40 | €54,196 | €33,377 | -€20,819 | -38.4% |
| Other amounts receivable | 41 | €18,571 | €9,516 | -€9,055 | -48.8% |
| Cash at bank and in hand | 54/58 | €46,397 | €4,257 | -€42,140 | -90.8% |
| Deferred charges and accrued income | 490/1 | €4,440 | €8,832 | +€4,393 | +98.9% |
| Total equity and liabilities | 10/49 | €238,151 | €279,029 | +€40,879 | +17.2% |
| Equity | 10/15 | €56,479 | -€82,728 | -€139,208 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,074 | -€103,133 | -€139,208 | |
| Amounts payable | 17/49 | €181,671 | €361,758 | +€180,087 | +99.1% |
| Amounts payable after more than one year | 17 | €100,000 | €182,400 | +€82,400 | +82.4% |
| Financial debts | 170/4 | €100,000 | €182,400 | +€82,400 | +82.4% |
| Amounts payable within one year | 42/48 | €81,671 | €170,475 | +€88,804 | +108.7% |
| Trade debts | 44 | €45,736 | €23,639 | -€22,097 | -48.3% |
| Suppliers | 440/4 | €45,736 | €23,639 | -€22,097 | -48.3% |
| Taxes, remuneration and social security | 45 | €1,812 | €2,830 | +€1,018 | +56.2% |
| Taxes | 450/3 | €1,812 | €720 | -€1,092 | -60.3% |
| Remuneration and social security | 454/9 | - | €2,110 | +€2,110 | |
| Other amounts payable | 47/48 | €34,123 | €144,006 | +€109,883 | +322.0% |
| Accrued charges and deferred income | 492/3 | - | €8,882 | +€8,882 | |
| Remuneration, social security and pensions | 62 | - | €6,553 | +€6,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,766 | €23,102 | +€10,337 | +81.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48 | €534 | +€486 | +1013.3% |
| Other operating charges | 640/8 | €386 | €485 | +€98 | +25.4% |
| Non-recurring operating charges | 66A | €249 | €0 | -€249 | -100.0% |
| Gross operating margin | 9900 | -€20,464 | -€101,823 | -€81,359 | -397.6% |
| Operating profit (loss) | 9901 | -€33,913 | -€132,497 | -€98,584 | -290.7% |
| Financial income | 75/76B | €9 | €2,759 | +€2,750 | +29761.6% |
| Recurring financial income | 75 | €9 | €2,759 | +€2,750 | +29761.6% |
| Financial charges | 65/66B | €2,224 | €9,470 | +€7,247 | +325.9% |
| Recurring financial charges | 65 | €2,224 | €9,470 | +€7,247 | +325.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,127 | -€139,208 | -€103,080 | -285.3% |
| Profit (loss) for the period | 9904 | -€36,127 | -€139,208 | -€103,080 | -285.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,127 | -€139,208 | -€103,080 | -285.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.