CD&NN: 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&NN
Largest movements
- Receivables within one year +€123,801
up €123,801 (+481%), from €25,752 to €149,553
of which Other amounts receivable: +€97,487
- Receivables after one year -€22,500
no longer reported in 2025 (was €22,500)
- Tangible fixed assets +€3,254
up €3,254 (+155%), from €2,105 to €5,359
of which Other tangible fixed assets: +€2,222
- Cash +€2,890
up €2,890 (+695%), from €416 to €3,305
mainly Net result for the year (+€54,772) and Trade debts (+€31,480)
- Profit (loss) carried forward +€54,772
up €54,772, from -€28,858 to €25,914
- Trade debts +€31,480
up €31,480 (+331%), from €9,506 to €40,986
- Tax, wage and social debts +€11,506
up €11,506 (+3,160%), from €364 to €11,871
of which Taxes: +€7,990
- Short-term financial debts +€9,772
new in 2025: €9,772
- Turnover +€532,373
new in 2025: €532,373
- Purchases and services +€425,893
new in 2025: €425,893
- Gross operating margin +€82,889
up €82,889 (+351%), from €23,591 to €106,480
- Staff costs +€33,826
up €33,826 (+1,402%), from €2,412 to €36,238
- Other operating charges -€19,294
down €19,294 (-96.5%), from €19,995 to €700
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 | €51,400 | €158,543 | +€107,143 | +208% |
| Fixed assets | 21/28 | €2,105 | €5,359 | +€3,254 | +155% |
| Tangible fixed assets | 22/27 | €2,105 | €5,359 | +€3,254 | +155% |
| Plant, machinery and equipment | 23 | €844 | €2,299 | +€1,455 | +172% |
| Furniture and vehicles | 24 | €1,260 | €837 | -€424 | -33.6% |
| Other tangible fixed assets | 26 | - | €2,222 | +€2,222 | |
| Current assets | 29/58 | €49,295 | €153,184 | +€103,889 | +211% |
| Amounts receivable after more than one year | 29 | €22,500 | - | -€22,500 | |
| Other amounts receivable | 291 | €22,500 | - | -€22,500 | |
| Amounts receivable within one year | 40/41 | €25,752 | €149,553 | +€123,801 | +481% |
| Trade receivables | 40 | €11,499 | €37,814 | +€26,314 | +229% |
| Other amounts receivable | 41 | €14,252 | €111,739 | +€97,487 | +684% |
| Cash at bank and in hand | 54/58 | €416 | €3,305 | +€2,890 | +695% |
| Deferred charges and accrued income | 490/1 | €628 | €326 | -€302 | -48.0% |
| Total equity and liabilities | 10/49 | €51,400 | €158,543 | +€107,143 | +208% |
| Equity | 10/15 | €41,142 | €95,914 | +€54,772 | +133% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,858 | €25,914 | +€54,772 | |
| Amounts payable | 17/49 | €10,257 | €62,629 | +€52,371 | +511% |
| Amounts payable within one year | 42/48 | €9,870 | €62,629 | +€52,759 | +535% |
| Financial debts | 43 | - | €9,772 | +€9,772 | |
| Other loans | 439 | - | €9,772 | +€9,772 | |
| Trade debts | 44 | €9,506 | €40,986 | +€31,480 | +331% |
| Suppliers | 440/4 | €9,506 | €40,986 | +€31,480 | +331% |
| Taxes, remuneration and social security | 45 | €364 | €11,871 | +€11,506 | +3,160% |
| Taxes | 450/3 | €129 | €8,119 | +€7,990 | +6,182% |
| Remuneration and social security | 454/9 | €235 | €3,751 | +€3,517 | +1,497% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Turnover | 70 | - | €532,373 | +€532,373 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €425,893 | +€425,893 | |
| Remuneration, social security and pensions | 62 | €2,412 | €36,238 | +€33,826 | +1,402% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €1,458 | +€1,276 | +700% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,262 | - | +€6,262 | |
| Other operating charges | 640/8 | €19,995 | €700 | -€19,294 | -96.5% |
| Non-recurring operating charges | 66A | - | €700 | +€700 | |
| Gross operating margin | 9900 | €23,591 | €106,480 | +€82,889 | +351% |
| Operating profit (loss) | 9901 | €7,264 | €67,384 | +€60,120 | +828% |
| Financial income | 75/76B | €1,088 | €6 | -€1,082 | -99.5% |
| Recurring financial income | 75 | €1,088 | €6 | -€1,082 | -99.5% |
| Financial charges | 65/66B | €3,125 | €3,981 | +€856 | +27.4% |
| Recurring financial charges | 65 | €3,125 | €3,981 | +€856 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €5,228 | €63,410 | +€58,182 | +1,113% |
| Income taxes | 67/77 | - | €8,638 | +€8,638 | |
| Profit (loss) for the period | 9904 | €5,228 | €54,772 | +€49,544 | +948% |
| Profit (loss) for the period to be appropriated | 9905 | €5,228 | €54,772 | +€49,544 | +948% |
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 31 October 2026 via checked.be.