CD-PERFORMANCE: 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-PERFORMANCE
Largest movements
- Stocks and contracts +€90,532
up €90,532 (+27.8%), from €325,521 to €416,053
- Tangible fixed assets -€14,263
down €14,263 (-14.6%), from €97,514 to €83,251
of which Land and buildings: -€12,892
- Trade debts +€82,394
up €82,394 (+33.0%), from €249,976 to €332,370
- Accrued charges and deferred income -€31,609
down €31,609 (-72.5%), from €43,591 to €11,982
- Profit (loss) carried forward +€18,692
up €18,692 (+51.6%), from -€36,226 to -€17,534
- Debts after one year +€7,156
up €7,156 (+9.9%), from €72,101 to €79,257
- Gross operating margin +€86,276
up €86,276 (+718.2%), from €12,012 to €98,289
- Write-downs +€46,228
new in 2025: €46,228
- Financial charges +€7,431
up €7,431 (+243.2%), from €3,056 to €10,487
- Other operating charges -€3,137
down €3,137 (-77.2%), from €4,063 to €926
- Depreciation -€2,140
down €2,140 (-8.8%), from €24,272 to €22,132
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 | €479,756 | €554,434 | +€74,678 | +15.6% |
| Fixed assets | 21/28 | €120,008 | €103,246 | -€16,762 | -14.0% |
| Intangible fixed assets | 21 | €22,494 | €19,994 | -€2,500 | -11.1% |
| Tangible fixed assets | 22/27 | €97,514 | €83,251 | -€14,263 | -14.6% |
| Land and buildings | 22 | €83,977 | €71,085 | -€12,892 | -15.4% |
| Plant, machinery and equipment | 23 | €3,338 | €2,855 | -€482 | -14.5% |
| Furniture and vehicles | 24 | €10,199 | €9,311 | -€888 | -8.7% |
| Current assets | 29/58 | €359,748 | €451,188 | +€91,441 | +25.4% |
| Stocks and contracts in progress | 3 | €325,521 | €416,053 | +€90,532 | +27.8% |
| Stocks | 30/36 | €325,521 | €416,053 | +€90,532 | +27.8% |
| Amounts receivable within one year | 40/41 | €7,548 | €4,987 | -€2,561 | -33.9% |
| Trade receivables | 40 | €7,547 | €2,671 | -€4,876 | -64.6% |
| Other amounts receivable | 41 | €1 | €2,316 | +€2,315 | +231549.0% |
| Cash at bank and in hand | 54/58 | €24,740 | €26,960 | +€2,220 | +9.0% |
| Deferred charges and accrued income | 490/1 | €1,939 | €3,188 | +€1,249 | +64.4% |
| Total equity and liabilities | 10/49 | €479,756 | €554,434 | +€74,678 | +15.6% |
| Equity | 10/15 | €104,234 | €122,926 | +€18,692 | +17.9% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,226 | -€17,534 | +€18,692 | +51.6% |
| Amounts payable | 17/49 | €375,522 | €431,508 | +€55,986 | +14.9% |
| Amounts payable after more than one year | 17 | €72,101 | €79,257 | +€7,156 | +9.9% |
| Other amounts payable | 178/9 | €72,101 | €79,257 | +€7,156 | +9.9% |
| Amounts payable within one year | 42/48 | €259,830 | €340,269 | +€80,439 | +31.0% |
| Trade debts | 44 | €249,976 | €332,370 | +€82,394 | +33.0% |
| Suppliers | 440/4 | €249,976 | €332,370 | +€82,394 | +33.0% |
| Advances received on contracts in progress | 46 | €4,970 | €7,899 | +€2,929 | +58.9% |
| Taxes, remuneration and social security | 45 | €4,884 | - | -€4,884 | |
| Taxes | 450/3 | €4,884 | - | -€4,884 | |
| Accrued charges and deferred income | 492/3 | €43,591 | €11,982 | -€31,609 | -72.5% |
| Non-recurring operating income | 76A | €2,335 | €7,004 | +€4,669 | +200.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,272 | €22,132 | -€2,140 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,228 | +€46,228 | |
| Other operating charges | 640/8 | €4,063 | €926 | -€3,137 | -77.2% |
| Gross operating margin | 9900 | €12,012 | €98,289 | +€86,276 | +718.2% |
| Operating profit (loss) | 9901 | -€16,323 | €29,003 | +€45,326 | |
| Financial income | 75/76B | €594 | €176 | -€418 | -70.4% |
| Recurring financial income | 75 | €594 | €176 | -€418 | -70.4% |
| Financial charges | 65/66B | €3,056 | €10,487 | +€7,431 | +243.2% |
| Recurring financial charges | 65 | €3,056 | €10,487 | +€7,431 | +243.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,785 | €18,692 | +€37,476 | |
| Profit (loss) for the period | 9904 | -€18,785 | €18,692 | +€37,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,785 | €18,692 | +€37,476 |
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 3 October 2026 via checked.be.